Nippon India Equity Savings Growth
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|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Housing Development Finance Corp Ltd||11.18%|
|Reliance Industries Ltd||10.78%|
|Future on Housing Development Finance Corp Ltd||9.75%|
|Future on Reliance Industries Ltd||7.23%|
|Yes Bank Limited||6.74%|
|HDFC Bank Ltd||4.78%|
|INDIAN RECEIVABLE TRUST 2019 SERIES 5||3.97%|
|INDIAN RECEIVABLE TRUST 2019 SERIES 3||3.78%|
|ICICI Bank Ltd||3.65%|
|Grasim Industries Ltd||3.52%|
About Reliance Equity Savings Fund
Being an open-ended fund, the scheme seeks to generate capital appreciation by investing in pure equity investments along with investments in money market instruments and debt securities and also by investing in arbitrage opportunities.
Pros and Cons of Reliance Equity Savings Fund
This product is suitable for those who are seeking: 1. Being an equity fund Reliance Equity Savings it will attract equity taxation. 2. Through investment in arbitrage opportunities and in fixed income aims regular income. 3. Through tactical allocation in equity markets there is a potential of capital appreciation.
Fund Information and Statistics of Reliance Equity Savings Fund
Inception/ Launch date
The Reliance Equity savings Fund was launched on 30 May 2015 by Reliance Mutual Fund.
Investment in this fund is subject to credit, price and interest rate risk. By changes in the market conditions due to various factors the NAV of the scheme may be affected. With investment in derivatives the NAV may also be subjected to moderately high risk.
The redemption of units can be done any business days. The redemption proceeds within 10 business days from the date of acceptance of the redemption.
Mr.Sanjay Parekh since May 2015, Ms. Anju Chhajer since May 2015 and Mr.Anand Devendra Gupta since September 2018 are the fund managers of Reliance Equity Savings.
Entry/ Exit Load
The entry load for investing in this fund is NIL. The 1% of the exit load is applicable for units in excess of 10% of the investment for redemption within 1 year. If redeemed after 12 months or 1 year the exit load is NIL.
Tax benefits of investing in Reliance Equity Savings Fund
The following taxes are applicable to income arising from investing in this scheme:
- Short-term capital gains are taxed at 15%
- Long-term capital gains in excess of Rs. 1 lakh are taxed at 10% without indexation benefits.
About Reliance Mutual Fund
This is a fastest growing mutual fund company in India. It comes under 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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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