Top 10 Reliance Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Reliance Gilt Securities FundDebtModerate17.4%5star1,040
Reliance Income FundDebtModerate15.6%5star239
Reliance Prime Debt FundDebtModerate8.2%4star1,173
Reliance Liquid FundDebtLow7.6%4star25,565
Reliance Money Market FundDebtModerately Low8.7%4star3,277
Reliance Credit Risk FundDebtModerate4.5%3star8,074
Reliance Low Duration FundDebtModerately Low6.9%3star4,168
Reliance Floating Rate FundDebtModerately Low9.2%3star6,114
Reliance Ultra Short Duration FundDebtModerately Low6.5%3star4,348
Reliance Nivesh Lakshya FundDebtModerate23.2%3star579
Reliance Ultra Short Duration FundDebtModerately Low7.5%2star0
Reliance Banking & PSU Debt FundDebtModerately Low10.7%2star3,243
Reliance Short Term FundDebtModerately Low9.3%2star6,478
Reliance Dynamic Bond FundDebtModerate12.5%2star977
Reliance Classic Bond FundDebtModerate0.1%1star4,239
View All Top 10 Reliance Mutual Funds

Best Reliance Debt Mutual Funds

Reliance Mutual Fund is a part of Reliance Anil Dhirubhai Ambani (ADA) ​Group and it is one of the largest growing asset management companies in India. It has an asset under management of Rs 2,40,445.37 and 83.99 lakhs folios.

Reliance Mutual Fund is present across 160 cities across the country. The main motto of the asset management company is to launch products that are not only innovative, but also conducive for investors. They believe in increasing their value to investors.

RMF provides a host of mutual funds across various categories, be it equity, debt and hybrid. The schemes have a well-managed portfolio and it has pioneered to become one of the most trusted asset management companies in India.

Reliance Mutual Fund has been sponsored by Reliance Capital Limited and Nippon Life Insurance Company.

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Reliance Gilt Securities Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Gilt segment and provided 10.92% annualized returns in the last 3 years. In the last 1 year, it gave 17.42% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 17.42% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Prashant R.Pimple

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM1,040Cr
1Y Returns17.4%

Reliance Income Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium to Long Duration segment and provided 8.81% annualized returns in the last 3 years. In the last 1 year, it gave 15.59% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 15.59% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Prashant R.Pimple

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM239Cr
1Y Returns15.6%

Reliance Prime Debt Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Corporate Bond segment and provided 7.74% annualized returns in the last 3 years. In the last 1 year, it gave 8.19% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.19% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Amit Tripathi, Anju Chajjer

Launch Date31 Dec 2012
Min Investment Amt1,000
Groww Rating4star
AUM1,173Cr
1Y Returns8.2%

Reliance Liquid Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.21% annualized returns in the last 3 years. In the last 1 year, it gave 7.62% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.62% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Anju Chajjer

Launch Date31 Dec 2012
Min Investment Amt100
Groww Rating4star
AUM25,565Cr
1Y Returns7.6%

Reliance Money Market Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Money Market segment and provided 7.59% annualized returns in the last 3 years. In the last 1 year, it gave 8.71% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.71% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Amit Tripathi, Vivek Sharma

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM3,277Cr
1Y Returns8.7%

Reliance Credit Risk Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Credit Risk segment and provided 6.97% annualized returns in the last 3 years. In the last 1 year, it gave 4.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.46% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Prashant R.Pimple

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating3star
AUM8,074Cr
1Y Returns4.5%

Reliance Low Duration Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 7.19% annualized returns in the last 3 years. In the last 1 year, it gave 6.94% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.94% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Amit Tripathi, Anju Chajjer

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating3star
AUM4,168Cr
1Y Returns6.9%

Reliance Floating Rate Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Floater segment and provided 7.5% annualized returns in the last 3 years. In the last 1 year, it gave 9.18% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.18% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Amit Tripathi, Vivek Sharma

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM6,114Cr
1Y Returns9.2%

Reliance Ultra Short Duration Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided 6.91% annualized returns in the last 3 years. In the last 1 year, it gave 6.48% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.48% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Anju Chajjer, Vivek Sharma

Launch Date31 Dec 2012
Min Investment Amt100
Groww Rating3star
AUM4,348Cr
1Y Returns6.5%

Reliance Nivesh Lakshya Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Long Duration segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 23.16% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 23.16% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Prashant R.Pimple, Kinjal Desai

Launch Date05 Jul 2018
Min Investment Amt5,000
Groww Rating3star
AUM579Cr
1Y Returns23.2%

Reliance Ultra Short Duration Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 7.54% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.54% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Anju Chajjer, Vivek Sharma

Launch Date31 Dec 2012
Min Investment Amt100
Groww Rating2star
AUM0Cr
1Y Returns7.5%

Reliance Banking & PSU Debt Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Banking & PSU segment and provided 8.08% annualized returns in the last 3 years. In the last 1 year, it gave 10.7% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 10.7% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Anju Chajjer, Jahnvee Shah, Vivek Sharma

Launch Date14 May 2015
Min Investment Amt5,000
Groww Rating2star
AUM3,243Cr
1Y Returns10.7%

Reliance Short Term Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Short Duration segment and provided 7.6% annualized returns in the last 3 years. In the last 1 year, it gave 9.3% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9.3% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Prashant R.Pimple

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM6,478Cr
1Y Returns9.3%

Reliance Dynamic Bond Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 7.82% annualized returns in the last 3 years. In the last 1 year, it gave 12.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 12.46% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Prashant R.Pimple

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM977Cr
1Y Returns12.5%

Reliance Strategic Debt Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium Duration segment and provided 5.39% annualized returns in the last 3 years. In the last 1 year, it gave 0.05% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.05% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Prashant R.Pimple, Jahnvee Shah

Launch Date25 Jun 2014
Min Investment Amt5,000
Groww Rating1star
AUM4,239Cr
1Y Returns0.1%

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What does investing in Reliance Debt Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in Reliance Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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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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