Nippon India Focused Equity Fund - Growth
Nippon India Focused Equity Fund - Growth4Morning Star
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Min amount: ₹500
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|Risk||Moderately High risk|
|Fund Type||Focused Fund|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||7.83%|
|HDFC Bank Ltd||7.68%|
|State Bank of India||6.91%|
|GAIL (India) Ltd||5.51%|
|Reliance Industries Ltd||3.96%|
|Axis Bank Ltd||3.49%|
|HCL Technologies Ltd||3.46%|
|Honeywell Automation India Ltd||3.17%|
About Reliance Focused Equity
Reliance focused equity fund is aimed at long-term capital appreciation by investing in equity and equity-related securities. The fund will invest in up to 30 companies across market capitalisations. The secondary objective of the scheme is to generate regular returns by investing in debt & money market instruments, REITs, and InvITs.
Pros & Cons of Reliance Focused Equity
Reliance focused equity fund offers the following benefits: 1. The fund gives the benefit of long-term capital appreciation along with regular returns. 2. It enables exposure in up to 30 companies across sectors and market capitalisations. 3. The five-year return is close to the best performer in the category and way above the average category returns.
Fund Information and Statistics of Reliance Focused Equity
i) Inception / Launch date
The Reliance Focused Equity was launched on December 26, 2006, by Reliance Mutual Funds.
ii) Risk level
Investments in Reliance focused equity fund are moderately high-risk bet and is suitable for investors with higher risk appetite and medium to long-term investment horizon.
Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 3-4 working days.
iv) Fund Manager
The Fund is managed by Mr Vinay Sharma since May 2018.
v) Entry / Exit load
The fund house does not charge any entry load. However, there is 1% exit load if redeemed before 1 year from the date of allotment. However, there is no exit load after that period.
Tax benefits of investing in Reliance Focused Equity
A short-term capital gain tax of 15% is applicable if sold within a year from the date of allotment, whereas long-term capital gains, in excess of Rs 1 lakh, will be taxed at 10% if sold after one year. A dividend distribution tax of 10% is also levied on dividends.
About Reliance Mutual Fund
Reliance Mutual Fund is associated with one of the most renowned business brands in the country. Reliance Mutual Fund is backed by a strong team and governed by strong business ethics. The fund house aims to deliver reasonable returns to the investors by employing various activities permissible under the law.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns