Reliance Growth Fund - Growth
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Varun Beverages Ltd||5.14%|
|Cholamandalam Financial Holdings Ltd||3.24%|
|Aditya Birla Fashion and Retail Ltd||2.84%|
|ICICI Bank Ltd||2.67%|
|City Union Bank Ltd||2.45%|
|Oberoi Realty Ltd||2.41%|
|Tata Power Co Ltd||2.38%|
|Tata Global Beverages Ltd||2.37%|
|Vardhman Textiles Ltd||2.31%|
|Indian Hotels Co Ltd||2.3%|
About Reliance Growth Fund
The Scheme is an open-ended equity scheme predominantly investing in mid cap stocks. The Scheme endeavours to invest in mid cap companies that have the potential to substantially increase their profitability and have consistent track record. The Scheme is benchmarked against S&P BSE Midcap Index.
Pros & Cons of Reliance Growth Fund
Reliance Growth Fund offers following features:
- The Scheme focuses on identifying potential market leaders at an early stage to create long term alpha.
- The Scheme attempts to identify growth stocks that are available at reasonable valuation thus following a Growth at Reasonable Price (GARP) style of investing.
- In the last 3 and 5 year horizon, the scheme has beaten its benchmark however underperformed in category average. It has beaten both benchmark and category average in 1 year horizon.
Fund Information and Statistics of Reliance Growth Fund
i) Inception / Launch date
The Scheme was launched by the fund house on 8 October 1995. The Scheme is among the few schemes with a track record of over two decades and one of the flagship schemes of the fund house.
ii) Risk level
The Scheme, being mid-cap focused is suitable for investors having a moderately high-risk appetite with a long term investment horizon. The Scheme has adopted a more aggressive mid-cap approach since March 2018 post change in strategy from equity growth scheme to mid cap fund.
The redemption proceeds are despatched within 10 business days from the date of receipt of valid redemption request.
iv) Fund Manager
The Scheme is currently being managed by Mr. Manish Gunwani.
v) Entry / Exit load
1% exit load is charged by the fund house if redeemed or switched out on or before completion of 1 year from the date of allotment of units. No exit load is charged if redeemed thereafter. No entry load is charged by the fund house for subscriptions of units.
Tax benefits of investing in Reliance Growth Fund
Long Term Capital Gains (“LTCG”), in excess of Rs 1 lakh, are taxed @ 10% without indexation if units are held for more than 12 months. Short term capital gains (“STCG”) are 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 was established in 1995 and its fourth largest fund house in India in terms of Asset Under Management. Mr. Sundeep Sikka is the CEO and MD of the fund house currently. The fund house offers a well-rounded portfolio of products and schemes to meet varying investor requirements and appetite.
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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