Reliance ETF Nifty BeES
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|Risk||Moderately High risk|
More about this fund
|HDFC Bank Ltd||10.52%|
|Reliance Industries Ltd||10.06%|
|Housing Development Finance Corp Ltd||6.94%|
|ICICI Bank Ltd||5.54%|
|Tata Consultancy Services Ltd||5.01%|
|Kotak Mahindra Bank Ltd||3.91%|
|Larsen & Toubro Ltd||3.51%|
|Axis Bank Ltd||3.16%|
About Reliance ETF Nifty BeES
Reliance ETF Nifty BeES is an open-ended index scheme that employs a passive approach to track the Nifty 50 Index. The scheme will invest in securities in the same proportion as their constitution on the Nifty 50 Index. The fund is aimed at providing long-term capital appreciation and investment in securities covered by Nifty 50.
Pros & Cons of Reliance ETF Nifty BeES
Reliance ETF Nifty BeES offers following benefits: 1. The fund empowers investors to generate returns corresponding to the Nifty 50 Index. 2. At least 95% of the assets are invested in the securities, whereas only 5% may be invested in money market instruments. 3. The AMC will not try to beat the market and only try to replicate it which can be leveraged by investors well-versed with the market trends.
Fund Information and Statistics of Reliance ETF Nifty BeES
i) Inception / Launch date
The Reliance ETF Nifty BeES was launched on December 28, 2001, by Reliance Mutual Funds.
ii) Risk level
Reliance ETF Nifty BeES is a moderately high-risk bet and suitable for investors with some knowledge of market trends seeking long-term capital appreciation.
The mutual fund units can be redeemed using the unitholders’ securities account. The units can be bought and sold directly on the exchange. The proceed will be dispatched within 10 working days.
iv) Fund Manager
The fund is managed by Vishal Jain since November 2018. He is a B. Sc and MBA with previous work experience at Goldman Sachs Asset Management as CIO and Benchmark Asset Management Company Ltd as CIO.
v) Entry / Exit load
The fund house does not charge any entry load and exit load.
Tax benefits of investing in Reliance ETF Nifty BeES
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains , in excess of Rs 1 lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for dividends.
About Reliance Mutual Funds
Reliance Mutual Funds came into existence on June 30, 1995, as Reliance Capital Mutual Fund. However, it got its current name in 2004 when the term capital was dropped from the name. It has Average Assets Under Management (AAUM) of Rs 2,44,843.44 Crores and is present in 160 cities. It aims to ensure reasonable returns on unit holders’ savings.
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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