All You Need to Know About Reliance Growth Fund

Reliance Mutual Fund is a name which has proved its worth from time to time. This AMC has provided many top schemes in equities as well as debt categories. Today, we are going to discuss about one such top-notch scheme from this fund house and that scheme is Reliance Growth Fund.

Let’s have a look at what this scheme holds for its investors.

Key Parameters

This scheme was launched on Oct 08, 1995, under the diversified equity category and with the objective to provide investors with long-term capital appreciation through research based investments in equity and related instruments. Currently, NAV of Reliance Growth Fund is Rs 1060 (as on Jul 03, 2018) and an expense ratio of 1.95% (as on May 31, 2018). The assets under management as recorded on May 31, 2018, are Rs 6873 crore. As for the load charges, there is no entry load, but a 1% of exit load will be deducted if you redeem your investment before 1 year. The fund is currently being managed by Mr. Manish Gunwani, who holds several years of experience in the capital market. The minimum amount required for investment in this scheme is Rs 5000 for lump sum and Rs 100 for starting a SIP.

Fund Allocation

Reliance Growth Fund being a hybrid scheme invests in a mix of different market caps, but mid-caps are the most favored ones. The scheme has 16.15% of its total equity investment in large-caps, 71.46% in mid-caps, and 12.39% in small caps. As for sector allocation, finance is the most favored sector and holds around 27% of the total equity investment. Other top sectors that the scheme invests in are services, FMCG, health care, engineering, and energy. The top equity holdings of the fund are Varun Beverages, Muthoot Finance, Cyient, Bharat Financial Inclusion, Vardhman Textiles and many other. For viewing a detailed portfolio of this scheme, you can visit MySIPonline.

Performance Analysis

This scheme has shown some really good growth over the years. Reliance Growth Fund has given returns of 3.14%, 9.15%, 19.71%, and 13.75%, in 1, 3, 5, and 10 years, respectively. Though the short-term returns are not that good, a really good improvement can be seen in long-term returns provided by the scheme. A great drop was observed in the scheme between Mar 13, 2000, and Mar 13, 2001, which it started recovering from in starting of 2003. You can visit MySIPonline for a complete performance analysis.

Who Can Invest?

Reliance Growth Fund G is a great option for investors who are looking for investment in mid-cap oriented hybrid equity schemes and are ready to take a moderately high risk with their investment. This scheme is highly affected by the volatility of equity market, so investors should keep in mind to check that before making a final decision.

Above is all the information that you are going to need about this fund. Just keep in mind to do a self research and to always consult your financial adviser before making an investment. To get expert views on mutual fund schemes, you can get in touch with us at MySIPonline.