Reliance Retirement Fund Wealth Creation Scheme Direct Dividend+0.74%

3Groww
-12.75%
1 Year Return
Solution Oriented
Retirement
3.0 star
6M
1Y
3Y
All

Fund Details

Reliance Retirement Fund Wealth Creation Scheme Direct Dividend

RiskModerately High
Min SIP Amount₹100
Expense Ratio1.40%
NAV12.7 (23 Aug 2019)
Fund Started11 Feb 2015
Fund Size1,530 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Reliance Retirement Fund Wealth Creation Scheme Direct Dividend
-12.8%
5.5%
NA
5.3%
Category Average
NA
NA
NA
-
Rank within category
40
29
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    30
    with -12.8% annual returns

    Comparison

    Data not available
    Pros
    1. Risk is lower compared to the benchmark
    2. 1Y Returns are higher than the benchmark
    3. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity10.1%
    ICICI Bank Ltd.FinancialEquity7.1%
    Axis Bank Ltd.FinancialEquity5.7%
    State Bank of IndiaFinancialEquity5.3%
    Indusind Bank Ltd.FinancialEquity4.3%
    Grasim Industries Ltd.ConstructionEquity4.0%
    Larsen & Toubro Ltd.ConstructionEquity3.8%
    Reliance Industries Ltd.EnergyEquity3.7%
    ITC Ltd.FMCGEquity3.6%
    Infosys Ltd.TechnologyEquity3.6%
    See All

    Fund Managers

    addSanjay Parekh
    Education
    Mr. Parekh is a B.Com (H) and Chartered Accountant.
    Experience
    Prior to joining Reliance Mutual Fund he has worked with ICICI Prudential MF, Ask Investments Managers, Prabhudas Lilladher, Sunidhi Consultancy Services, Insight Asset Management and Capital Market Magazine.
    Funds Managed
    addAnju Chhajer
    Education
    Ms. Chhajer is a B.Com (H) and a Chartered Accountant.
    Experience
    Prior to joining Reliance Mutual Fund Ltd. as a fund manager, she has worked with National Insurance Company as a Money Maker Instruments and D.C Dharewa & Co.
    Funds Managed
    addKinjal Desai
    Education
    Ms. Desai is MSc(Economics)
    Experience
    Associate Equity Investments at RNAM Assisting lead Analyst in Equity Research, idea generation and sector Monitoring., assisting Fund Managers in Stock Selection and monitoring of overseas investments.
    Funds Managed

    Other Details

    Reliance Retirement Fund Wealth Creation Scheme Direct Dividend is a Solution Oriented Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 11 Feb 2015. Sanjay Parekh, Anju Chajjer, Jahnvee Shah is the Current Fund Manager of Reliance Retirement Fund Wealth Creation Scheme Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹1,530 Cr and the Latest NAV as of 23 Aug 2019 is ₹12.7.

    The Reliance Retirement Fund Wealth Creation Scheme Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    The investment objective of the scheme is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

    Tax Implications

    Lock-in for 5 years or retirement, whichever is earlier. If average equity holding is >65%, 10% (After 1 year as per LTCG). If average equity holding is <65%, 20% with indexation benefit (post 3 years).

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    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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