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The Saga of a Mutualfund

Updated on May 8, 2018

As my early hubs, I insist again in fund related matters. People invest in best stocks and funds for the best growth of their money. A mutual fund will gain reputation and it will attracts more investors by its growth story and its historical return. Here I introduce a mutual fund from Reliance Asset Management Company : 'Reliance Growth'. Really its present performance is not satisfied. Here I tries to reveal the power of a Mutual fund with an average performance.

Which may be the best investment in future ?

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Fund Category

Reliance Growth is under the category of 'Multicap Diversified Equity'. A multicap fund includes all stocks - Large, Mid and Small cap stocks. A Diversified mutualfund contain stocks from almost sectors like - Technology, Power, IT, Finance etc. It is not a sectorial fund. Also it is an open ended mutual fund. The minimum investment in this fund is Rupees 5000. Minimum additional investment is Rupees 1000. But minimum Systematic Investment Plan Amount is just 100 Rupees per month. No Entry load in this fund. Exit load is only 1%, it will charged only if it redeemed on or before the first year of investment.

Source

The Beginning

The inception date of Growth fund is October 08, 1995. Its Benchmark is S$P BSE 100. It is under the management of Sunil Singhania since January 2004. Its asset size as on March 16, 2018 is Rupees 74.37 billion. The fund has completed 23 years after its inception. But its face value is 110 times bigger than its beginning. Its Life time highest Net Asset Value is Rupees 1232.922(9th January 2018). Its current Net Asset Value is Rupees 1100.478 (16 th March 2018). Its return since inception is 23.29%. The growth rate shows that the Mutual Fund is able to overcome the inflation rate and all other investment methods.

Performance of the Fund

Year
Growth Rate
 
2006
41
 
2007
74
 
2008
- 54
 
2009
97
 
2010
17
 
2011
- 28
 
2012
38
 
2013
- 3
 
2014
55
 
2015
6
 
2016
4
 
2017
44
 

Top Ten Stocks in Portfolio as on 31/05/2014

Company
Weightage %
Market Value in Billion
VARUN BEVERAGES LTD
3.27
2.30
MUTHOOT FINANCE
3.04
2.14
SPICEJET LTD
2.63
1.85
BIRLA CORP LTD
3.71
1.77
HSIL LTD
2.51
1.73
CYIENT LTD
2.46
1.72
BHARAT FINANCIAL INCLUSION LTD
2.44
1.69
VARDHMAN TEXTILES LTD
2.40
1.61
CHOLAMANDALAM INVESTMENT & FINANCE CO LTD
2.30
1.47
NMDC LTD
2.08
1.46

Various Options

This mutual fund available in the market in four options- Direct Option, Growth Option, Dividend option and Bonus option. In Bonus option of a mutualfund , the number of units will increase when the value of mutual fund grows.

Present Performance

The performance of this fund is not good in recent times. Its Net Asset Value is not in a good position after the great collapse of Stock Market in 2008, when compare with some other well performed funds. For example UTI Opportunities fund, SBI Emerging Business Fund and ICICI Prudential Bluechip equity. An investor expects a safety from the fund managers and their investment should overtake the performance of Indexes.

Benefit after Inception

But its growth after inception is great and wonderful because the Indian Indexes like Nifty or Sensex grew just 10 times, the Reliance mutual fund has grew to 65 times. A blind invester is one who don't try to study about the trends of market who get the profit as same as or lesser than the growth of an index. But a good fund manager is not like a blind invester. The growth story of Reliance Growth fund teach us that lesson...!

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    • csmiravite-blogs profile image

      Consolacion Miravite 4 years ago from Philippines

      This is one investment alternative that has not seen real growth in the Philippines. Based on past indicators, nobody has ever beaten the PSEI (Philippine Stock Exchange) index in terms of growth and earnings. What this goes to show is that, investors are hard put in beating the stock exhange. Some local pundits say that if this is the trend, then it might be better to invest in the stock markets directly than go into mutual funds. I guess, ours is not yet a well directed market in terms of investments.

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