When thinking investment in mutual fund schemes, an investor has to find and choose from the plenty of options available from different mutual fund houses in India. No matter what option you choose for your investments, each has their pros and cons, but suitability is what matters.

So before parking your money, it is important for you to know all about mutual fund schemes along with the fund house offering the schemes. Among 45 odd mutual fund house in India, Reliance AMC is one of the most reputed names in India.

Reliance Mutual Fund (RMF), a part of the Reliance Anil Dhirubhai Ambani (ADA) Group, is one of the fastest growing mutual funds in India. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has a presence in 160 cities across the country.

Reliance MF is very well performing mutual fund house, especially its long-term mutual fund schemes. Here are top funds of RMF:

1. Reliance Small Cap Fund Direct

This is a Small Cap Equity Oriented Mutual Fund launched on 01 January 2013. It is a fund with a high risk and has given a return of 31.93% since its launch.

This small-cap mutual fund has also recently limited investments.

Read More: Reliance Small Cap Stops Fresh Investments and How it Affects You.

Under new guidelines, investment is possible in Reliance Small-cap Fund only via SIP and there is a maximum investment limit of ₹1 lakh per month. Lump sum investment is not available at the moment.

Returns per annum over the years from this fund are:

Duration Returns
1 year  24.56%
3 years  27.16%
5 years 37.98%

Here is the key information about Reliance Smallcap Fund

Launch Date 01 January 2013
Fund Category Equity – Small Cap
Plan Type Direct
Rating by Groww 5 Star
AUM (Fund Size) ₹6,371
Riskometer High
Minimum SIP ₹100
Minimum SWP ₹100
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE Small Cap TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.16%
Exit Load If redeemed bet. 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

The primary investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.

2. Reliance Equity Hybrid Fund Growth

This is an equity-oriented hybrid mutual fund and launched on January 1, 2013. It is a fund with moderate risk and has given a return of 16.53% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  15.09%
3 years  14.00%
5 years  18.28%

Here is the key information about Reliance Equity Hybrid Fund Direct

Rating by Groww 5 star
AUM (Fund Size) ₹11,334 Cr
Minimum SIP ₹1,00
Minimum SWP ₹1,00
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Balanced Fund Aggressive since its launch.
Age of the fund 5 years old
Expense Ratio 0.84%
Exit Load If redeemed bet. 0 Day to 365 Day; Exit Load is 1%;
Type  Open-ended

The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in a mix of securities comprising of equity, equity-related instruments & fixed income instruments.

3. Reliance Pharma Fund 

This is a sector fund launched on January 1, 2013. It is a debt fund with moderate risk and has given a return of 14.96% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  10.05%
3 years  3.72%
5 years  15.88%

Here is the key information about Reliance Pharma Fund – Direct

Rating by Groww 5 star
AUM (Fund Size) ₹1,948 Cr
Minimum SIP ₹100
Minimum SWP ₹100
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE Healthcare since its launch.
Age of the fund 5 years old
Expense Ratio 1.65%
Exit Load If redeemed bet. 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

The scheme seeks to generate consistent returns by investing in equity/equity related or fixed income securities of pharma and other associated companies.

4. Reliance Money Manager Fund

This is an ultra-shortbond fund launched on January 1, 2013. It is a debt fund with very low risk and has given a return of 8.66% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  6.83%
3 years  7.96%
5 years  8.59%

Here is the key information about Reliance Money Manager Fund – Direct

Rating by Groww 5 star
AUM (Fund Size) ₹15,127 Cr
Minimum SIP ₹100
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Liquid since its launch.
Age of the fund 5 years old
Expense Ratio 0.3%
Exit Load NIL
Type  Open-ended

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

5. Reliance Large Cap Fund

This is a Large Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 17.11% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  15.72%
3 years  13.21%
5 years  18.96%

Here is the key information about Reliance Money Manager Fund – Direct

Rating by Groww 5 star
AUM (Fund Size) ₹4,149 Cr
Minimum SIP ₹100
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE 100 since its launch.
Age of the fund 5 years old
Expense Ratio 1.32%
Exit Load NIL
Type  Open-ended

The scheme will invest in equity or equity related instruments of companies whose market capitalization is within the range of highest and lowest market capitalization of BSE 200 index.

This large-cap oriented fund invests in companies whose market capitalization is within the range of the highest and lowest market capitalization of BSE 200 index. The fund attempts to have allocations to market leaders of smaller industries, apart from these exposures.

Currently, over 80% of the fund’s assets are invested in the top 100 companies by market capitalization.

6. Reliance Growth – Direct – Growth

This is a Mid Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with very high risk and has given a return of 17.24% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  19.28%
3 years  14.40%
5 years  20.75%

Here is the key information about Reliance Growth – Direct – Growth

Rating by Groww 2 star
AUM (Fund Size) ₹7,437 Cr
Minimum SIP ₹100
Minimum SWP ₹100
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE Mid Cap since its launch.
Age of the fund 5 years old
Expense Ratio 1.3%
Exit Load If redeemed bet. 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

The primary investment objective is to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach.

7. Reliance Liquid Fund – TP – Direct – Growth

This is a Mid Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with very low risk and has given a return of 8.19% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  6.9%
3 years  7.45%
5 years  8.16%

Here is the key information about Reliance Liquid Fund – TP – Direct – Growth

Rating by Groww 3 star
AUM (Fund Size) ₹21,747 Cr
Minimum SIP Not supported
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Liquid since its launch.
Age of the fund 5 years old
Expense Ratio 0.15%
Exit Load NIL
Type  Open-ended

The scheme seeks to provide optimal return consistent with moderate level of risk and high liquidity. The fund would invest in money market instruments.

About Reliance Mutual Fund AMC

RMF AMC constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. Let us look at this stellar mutual fund house in detail.

RMF Key Information

Mutual Fund Reliance Mutual Fund
Setup Date 30th June 1995
Incorporation Date 24th February 1995
Sponsor Nippon Life Insurance Company and Reliance Capital Limited
Trustee Reliance Capital Trustee Co. Ltd.
CIO Mr. Manish Gunwani (E) / Mr. Amit Tripathi (D)
CEO / MD Mr. Sundeep Sikka
Assets Managed Rs. 247529.12 crore (31st March 2018)

Reliance MF: Company History

Reliance Mutual Fund (RMF) has been established as a trust under the Indian Trusts Act, 1882 with Reliance Capital Limited (RCL), as the Settler/Sponsor and Reliance Capital Trustee Co. Limited (RCTC), as the Trustee.

Reliance Mutual Fund has been registered with the Securities & Exchange Board of India (SEBI) on June 30, 1995. Earlier it registered under the name of Reliance Capital Mutual Fund, which was changed to Reliance Mutual Fund effective March 11, 2004.

RMF was formed to launch various schemes under which units are issued to the public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.

About Reliance Capital Limited

Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Group.

Reliance Capital Limited was incorporated in 1986 at Ahmedabad in Gujarat as Reliance Capital & Finance Trust Limited. The name Reliance Capital came into effect on January 5, 1995.

Reliance Capital obtained its registration as a non-banking finance company (NBFC) in December 1998. It has since diversified its activities in the areas of asset management, life and general insurance, commercial finance, stock broking, private equity and proprietary investments, asset reconstruction, distribution of financial products and other activities in financial services

Reliance Capital offers a range of financial services in many business lines. The company is one of the most diversified financial services firms in India.

Currently, Reliance Capital Limited has businesses in asset management, mutual funds, life insurance and general insurance, commercial finance, home finance, stockbroking, wealth management services, distribution of financial products, private equity, asset reconstruction, proprietary investments and other activities in financial services.

The company operates across India and has over 20 million customers and a workforce of approximately 15,595 as of May 1, 2017

Mr. Anil Ambani, promoter of Reliance Group is the Chairman of Reliance Capital, while Mr. Amitabh Jhunjhunwala is the Vice Chairman and Mr. Anmol Ambani as the Executive Director

About Nippon Life Insurance Company

Nippon Life Insurance (NLI) Company is a Japan’s leading private life insurer and offers a wide range of financial products, including individual and group life and annuity policies through various distribution channels, mainly using face to face sales channels for its traditional insurance products.

It primarily operates in Japan, North America, Europe and Asia, and is headquartered in Osaka, Japan. NLI conducts asset management operations in Asia, through its subsidiary Nissay Asset Management Corporation (“Nissay”), which manages assets globally.

As sponsors, RCL and NLI are responsible for discharging its functions and responsibilities towards the Fund in accordance with the Securities and Exchange Board of India (Mutual Fund) Regulations, 1996.

About Reliance Capital Trustee Co. Ltd.

Reliance Capital Trustee Co. Limited (RCTC ) is an unlisted public limited company incorporated under the Companies Act, 1956 on 1st March 1995. RCTC is a subsidiary of RCL. RCTC has been appointed as the Trustee of RMF vide Trust Deed dated 25th April 1995 and which Trust Deed has been amended from time to time.

As Trustee to RMF, RCTC is discharging its duties and carrying out its responsibilities in terms of the applicable SEBI Regulations and more particularly, as provided in the Trust Deed.

Reliance Mutual Fund: Company Objective

RMF has 3 main objectives. They are:

  1. To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unitholders.
  2. To deploy funds thus raised so as to help the unitholders earn reasonable returns on their savings.
  3. To take such steps as may be necessary from time to time to realize the effects without any limitation.

Reliance Mutual Fund: Key People

CEO: Mr. Sundeep Sikka

Mr. Sundeep Sikka is the Executive Director & Chief Executive Officer of Reliance Nippon Life Asset Management Limited (RNLAM). Sundeep has held both Vice-Chairman and Chairman positions of the industrial body AMFI (Association of Mutual Funds in India).

He joined RNLAM in 2003 and has handled various positions through which he has been instrumental in building domestic and international operations of the company.

Key positions/memberships held by Mr. Sikka are as follows:

  1. Member of Technical Advisory Committee on Money, Foreign Exchange & Government Securities Markets: Reserve Bank of India
  2. Member of Executive Committee: Securities Depositary Limited
  3. Member of Capital Markets Committee: Federation of Indian Chambers of Commerce and Industry

CIO – Equities: Mr. Manish Gunwani

Manish Gunwani is CIO – Equity Investments at Reliance Mutual Fund. Manish graduated from IIT Chennai with a B.Tech and has a Post Graduate Diploma in Management from IIM Bangalore.

Manish has 21 years of work experience primarily in equities spanning roles in equity research and fund management. He has also co-founded a technology company in the document management space.

Manish has immense experience in equity research and has also spent two years working in a portfolio management company whose focus was midcaps.

CIO – Fixed Income Investments: Mr. Amit Tripathi

Amit has more than 20 years of experience in Financial Services. He has been with RMF for around 14 years and in that time, he has evolved into a stellar portfolio manager, combining experience across the yield curve, with robust credit evaluation skills.

Amit has been an integral part of RMF’s journey to become one of the largest and most respected fund houses in the country. He has successfully managed various fixed income and hybrid funds which have been recognized for superior performance both nationally and internationally.

In his current role as CIO- Fixed Income, he leads a team of 20 highly motivated and experienced fixed income professionals. s

Reliance Mutual Fund: Salient Features

Some of the salient features of RMF are:

  1. RMF is a pioneer in the fast pace Indian mutual fund industry.
  2. RMF provides the mutual fund investors with an all-around product portfolio that helps them to meet various investing needs.
  3. It has a rich distribution network all over the country.
  4. RMF is the mutual fund expert having more than 20 years experience.
  5. It provides excellent customer service.
  6. It offers tax benefit(s) on a wide range of investment instruments.
  7. In order to increase its value, Reliance Mutual Fund strives to launch innovative products in the market and provide the best customer care support.

Things to Remember

Don’t just run for returns from investment for investing in mutual funds. There are a lot of factors you should look into before selecting a fund which will match your investment goals.

Following the 3 things you should always remember before investing in Mutual Funds :

  1. Higher rates: don’t blindly invest in the fund with the highest returns. Invest based on the duration you want to invest for.
  2. Every person’s financial condition is different. Evaluate the funds you invest in yourself – don’t invest in a fund because of its popularity.
  3. Review your investment from time to time but not too often. Once a few weeks is good enough.

Read More: 10 Tips on investing in Mutual Funds

To ensure that the fund is in good hands, choose a fund house having fund manager with a good amount of experience managing small/mid cap funds and associated with these funds for some good numbers of years.

To look at some of the best performing funds from every category of mutual funds, check out Groww 30 best mutual funds to invest in 2018.

Happy Investing!

 Disclaimer: the views expressed here are of the author and do not reflect those of Groww.