Reliance ETF Consumption
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|Hindustan Unilever Ltd||10.37%|
|Maruti Suzuki India Ltd||9.67%|
|Asian Paints Ltd||7.2%|
|Mahindra & Mahindra Ltd||6.56%|
|Titan Co Ltd||5.27%|
|Bharti Airtel Ltd||4.61%|
|Bajaj Auto Ltd||4.43%|
|Britannia Industries Ltd||3.72%|
|Hero MotoCorp Ltd||3.56%|
About Reliance ETF Consumption Fund
Reliance ETF Consumption Fund is an exchange traded fund (ETF) which mirrors the Nifty India Consumption Index subject to tracking errors.
Pros & Cons of Reliance ETF Consumption Fund
Reliance ETF Consumption Fund offers the following benefits:
- This ETF allows investors to gain exposure to an asset class that may be underrepresented in the asset allocation of investor’s portfolio.
- This ETF assists in remaining fully invested while maintaining liquidity, thus minimizing the cash drag effect on the portfolio.
- Since ETFs are passive funds which may help to maintain market exposure while there are changes in sector/stock allocations in a portfolio, it avoids the risk of missing any market movement.
Certain drawbacks of Reliance ETF Consumption Fund 1. Returns might not be as good as actively managed funds.
Fund Information and Statistics of Reliance ETF Consumption Fund
i) Inception / Launch date
Reliance ETF Consumption Fund was launched on April 3, 2014 by Reliance Mutual Fund AMC.
ii) Risk level
Being an open ended equity, this fund is a high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Mehul Dama has been managing the fund since 6 November 2018.
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 the fund
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
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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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