Reliance Pharma Fund - Growth
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Min amount: ₹500
- Fund Summary
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|Fund Type||Sector - Healthcare|
|Exit Load||1% for 365 Days|
More about this fund
|Sun Pharmaceuticals Industries Ltd||12.32%|
|Divi's Laboratories Ltd||10.26%|
|Aurobindo Pharma Ltd||8.34%|
|Dr Reddy's Laboratories Ltd||6.99%|
|Abbott India Ltd||6.75%|
|Syngene International Ltd||6.53%|
|Fortis Healthcare Ltd||5.95%|
|Sanofi India Ltd||5.82%|
About Reliance Pharma Fund
This fund house seeks to invest on equity/ equity related or fixed income of pharma sector and other associated companies with focus on important segment of the sector like Domestic Business, International & CRAMS which include high growth pharma businesses.
Pros and Cons of Reliance Pharma Fund
Benefits of being an investor of Reliance Pharma Fund;
- The fund invests in large, medium and small sized pharma companies; the sector with high growth projection.
- It offers investors a well-rounded portfolio of products to meet the requirements of the investor.
- Being a sector fund with high risk has given return of 14.96% since its launch.
Fund Information and Statistics of Reliance Pharma Fund
i) Inception / Launch date
Reliance Pharma Fund was launched on 5th June 2004 by Reliance Mutual Fund.
ii) Risk level
Being a sector oriented fund, the risk associated is quite high. The returns may vary if there is volatility in the pharma sector.
Reliance Pharma Fund investors or unit holders can redeem their fund with 10 working days from the day of receiving the redemption request. SEBI requires the fund provider to pay a penal rate of interest of 15% per annum if the redemption is not processed within the given frame of time.
iv) Fund Manager
Mr.Shailesh Bhan is the fund manager of Reliance Pharma Fund since inception.
v) Entry / Exit load
The entry load for investing in Reliance Pharma is not applicable. Whereas 1% exit load is applicable if redeemed before completion of 1 year or 365 days. It is NIL if redeemed after completion of 1 year from the date of allotment of the fund.
Tax benefits of investing in Reliance Pharma Fund
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
This is a fastest growing mutual fund company in India. It is a part of Anil Dhirubhai Ambani group. Reliance Mutual Fund helps it investors to meet its various investing needs with an all-round product portfolio. It has launched various schemes to the investors with an aim to provide the investors with the opportunities to invest in diversified securities.
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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