Saturday, July 23, 2005
New Fund Offer from Reliance Mutual fund.
The ELSS scheme proposed by reliance is a pure equity scheme. The Fund has similar equity oriented schemes.
Reliance Equity opportunities Fund: The fund was launched only in March 2005. The investment portfolio consists of 84.61% in Equities as at the end of June 2005. The net asset value stands at Rs.11.51.( 22/07/05)
Reliance Vision Fund ( Growth) : The fund was launched in Oct 1995. The investment portfolio consists of 95.92 % in equity as at the end of June 2005. The net asset value stands at Rs.100.40 as at 22nd July 2005.
Even though there are other equity oriented schemes of reliance, I have chosen only the above two, as the investment in equity is more than 80%. The proposed ELSS scheme of reliance proposes investment in equity of 80%.
You have to remember that the latest Net asset value is in the booming market conditions and statutory disclaimer that the past performance is not a guarantee for future performance.
However, these net asset values indicate the level of performance and efficacy of the funds managed.
I have also chosen only the growth option as, the proposed investment in ELSS is locked for a period of three years. The Reliance vision fund has provided an annualised return of 26.55% since inception and it is too early to annualise the return in respect of Equity Opportunities fund.
Reliance Equity opportunities Fund: The fund was launched only in March 2005. The investment portfolio consists of 84.61% in Equities as at the end of June 2005. The net asset value stands at Rs.11.51.( 22/07/05)
Reliance Vision Fund ( Growth) : The fund was launched in Oct 1995. The investment portfolio consists of 95.92 % in equity as at the end of June 2005. The net asset value stands at Rs.100.40 as at 22nd July 2005.
Even though there are other equity oriented schemes of reliance, I have chosen only the above two, as the investment in equity is more than 80%. The proposed ELSS scheme of reliance proposes investment in equity of 80%.
You have to remember that the latest Net asset value is in the booming market conditions and statutory disclaimer that the past performance is not a guarantee for future performance.
However, these net asset values indicate the level of performance and efficacy of the funds managed.
I have also chosen only the growth option as, the proposed investment in ELSS is locked for a period of three years. The Reliance vision fund has provided an annualised return of 26.55% since inception and it is too early to annualise the return in respect of Equity Opportunities fund.
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