Reliance Floating Rate Fund Direct Dividend Daily+0.03%

3Groww
9.34%
1 Year Return
Debt
Floater
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

Reliance Floating Rate Fund Direct Dividend Daily

RiskModerately Low
Min SIP Amount₹100
Expense Ratio0.15%
NAV10.1 (21 Aug 2019)
Fund Started01 Jan 2013
Fund Size6,198 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Reliance Floating Rate Fund Direct Dividend Daily
9.3%
7.5%
8.4%
8.5%
Category Average
8.3%
7.2%
7.8%
-
Rank within category
1
4
3
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 9.3% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio
    2. 1Y Returns are higher than the benchmark
    3. 3Y Returns are higher than the benchmark
    4. 5Y Returns are higher than the benchmark
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Tata Sons Ltd.FinancialDebenture6.1%
    Reliance Industries Ltd.EnergyBonds/Deb5.7%
    Nabha Power Ltd.EngineeringDebenture5.7%
    Mahindra & Mahindra Financial Services Ltd.FinancialDebenture4.9%
    Power Finance Corpn. Ltd.FinancialBonds4.4%
    Sikka Ports and Terminals Ltd.EnergyBonds/NCD4.2%
    LIC Housing Finance Ltd.FinancialDebenture4.1%
    India Grid TrustEngineeringNCD4.0%
    HDB Financial Services Ltd.FinancialDebenture3.8%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture3.7%
    See All

    Fund Managers

    addAmit Tripathi
    Education
    Mr. Tripathi is a B.Com (H) and PGDM.
    Experience
    Prior to joining Reliance Mutual Fund he has worked with New India Assurance Co. Ltd, Sun Invest Associates Ltd and CFS Financial Services Pvt. Ltd.
    Funds Managed
    addVivek Sharma
    Education
    Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).
    Experience
    He has been associated with Reliance AMC since 2006.
    Funds Managed

    Other Details

    Reliance Floating Rate Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Amit Tripathi, Vivek Sharma is the Current Fund Manager of Reliance Floating Rate Fund Direct Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹6,198 Cr and the Latest NAV as of 21 Aug 2019 is ₹10.1.

    The Reliance Floating Rate Fund Direct Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 1 month.

    Investment Objective

    The primary investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The scheme shall also invest in Fixed Rate Debt Securities (including fixed rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for fixed returns).

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit load of 0.50% if redeemed within 1 month
    Exit Load

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    About Reliance Mutual Fund

    Address
    Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
    Phone
    022-33031000/30301111
    Launch Date
    29 Jun 1995
    Reliance Mutual Fund
    Asset Management Company
    Custodian
    ABN AMRO Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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