Tuesday, April 14, 2009

Reliance MF Outperforms The Moment Of Period - April 14, 2009

Background: Reliance Capital Limited is the sponsor of Reliance Capital Assets Management Ltd set up in June 1995. Reliance Capital Ltd. is a member of the Reliance Group and has been promoted by Reliance Industries Limited (RIL), one of India's largest private sector enterprises. The fund house manages assets worth Rs 80962.94 crore at end of March 2009.

Reliance Equity Advantage Fund (G) an open-ended equity diversified scheme launched in June 2007.

The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in portfolio predominately of equity & equity related instruments with investments generally in S & P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities.

The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 7.61 as on 13 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 91.49 crore to Rs 1384.20 crore in March 2009.

Reliance Equity Advantage Fund (G) took fresh exposure to one new stock in March 2009. The scheme has purchased 15.06 lakh units (1.05%) of Steel Authority of India.

The scheme completely exited from Bharat Heavy Electricals by selling 2.33 lakh units (2.52%) in March 2009.

Sector-wise, the scheme took no fresh exposure to any sectors in March 2009.

Sector-Wise, the scheme did not exit completely from any sector in March 2009.

The scheme had highest exposure to Reliance Industries with 7.01 lakh units (7.72% of portfolio) followed by State Bank of India with 6.77 lakh units (5.22%) and ITC with 34.23 lakh units (4.57%) among others in March 2009.

It reduced its exposure to Cipla by selling 6.98 lakh units to 13.03 lakh units (by 0.89%), Reliance Industries by selling 1.73 lakh units to 7.01 lakh units (by 0.84%) and Wipro by selling 5.69 lakh units to 12.63 lakh units (by 0.70%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Refineries at 12.11% (from 13.39% in February 2009), followed by Computers - Software – Large at 8.22% (9.06%) and Telecommunications - Service Provider at 7.22% (6.86%) among others in March 2009.

Sector wise, the scheme had reduced exposure to Electric Equipment to 1.44% (by 2.44%), Refineries to 12.11% (by 1.28%) and Pharmaceuticals - Indian - Bulk Drugs & Formulation to 2.07% (by 0.89%) among others in March 2009.

Performance: The scheme outperformed Sensex over most of the time periods except over 3 months period.

Over three-month period ended as on 13 April 2009, the scheme posted returns of 18.91% underperforming the Sensex that posted returns of 20.90%. While, over 6 months period, the scheme's returns dropped to 0.62% outperforming the Sensex that fell 3.02%.

The returns of the scheme over one year period fell 24.87% outperforming the Sensex that plunged by 30.62%.

No comments: