Nippon India Vision Fund - Growth
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Min amount: ₹500
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|Risk||Moderately High risk|
|Fund Type||Large & Mid- Cap|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||6.26%|
|ICICI Bank Ltd||5.23%|
|Reliance Industries Ltd||3.2%|
|State Bank of India||3.17%|
|Honeywell Automation India Ltd||3.16%|
|Larsen & Toubro Ltd||2.94%|
|Axis Bank Ltd||2.92%|
|Tata Consumer Products Ltd||2.42%|
About Reliance Vision Fund
By investing in equity and equity related securities the objective of the scheme is to achieve long term growth of capital. The fund invests in large-cap and mid-cap stocks with high quality business. It is an open-ended equity growth scheme.
Pros and cons of Reliance Vision Fund
The benefits of investing in Reliance Vision Fund:
- It gives a high exposure by investing in market leaders with established business models.
- Strong fundamentals with differentiated high conviction investments.
- Significantly from domestic revival, current portfolio well positioned is to gain.
Fund Information and Statistics of Reliance Vision Fund
i) Inception / Launch date
The launch date of Reliance Vision was 8th October 1995 by Reliance Mutual Fund.
ii) Risk level
There is no assurance or guarantee that the objectives of the scheme will be achieved as the investments are subject to market risk. The NAV units can go up or down depending on the factors affecting the capital markets. The scheme has a moderately high risk.
The redemption proceeds within g 10 working days of receiving redemption request as per SEBI regulations. Under normal circumstances the fund endeavor to dispatch the redemption cheque within 3-4 working days from the date of receipt of redemption request.
iv) Fund Manager
Mr.Ashwani Kumar is the fund manager of Reliance Vision Fund since 2003.
v) Entry / Exit load
The exit load of investing in this scheme is not applicable. The exit load of 1% is applicable if redeemed on or before completion of 1 year from the date of allotments of units. If redeemed after 1year the exit load is Nil.
Tax benefits of investing in Reliance Vision Fund
Long Term Capital Gains (“LTCG”), in excess of Rs 1 lakh, are taxed @ 10% without indexation if units held for more than 12 months. Short term capital gains (“STCG”) taxed @15% if units are held for less than 12 months. Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source.
About Reliance Mutual Fund
Reliance Mutual fund is one of the fastest growing mutual funds in India. To meet varying investor requirements a well-rounded portfolio of its products is being offered to is investors by the fund. The scheme constantly endeavors to launch innovative products as to increase value to investors, taking initiative by the customer service.
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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