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 88387.99 crore at end of April 2009.
Reliance Vision Fund (G) an open-ended equity scheme launched in September 1995.
The primary investment objective of the scheme is to achieve long-term growth of capital by investment in equity & equity related securities through a research based investment approach. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 158.70 per unit as on 04 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 118.16 crore to Rs 2399.02 crore in March 2009.
Reliance Vision Fund (G) took fresh exposure to six stocks in March 2009. The scheme has purchased 29.13 lakh units (2.19%) of Tata Motors, 7.31 lakh units (1.98%) of United Spirits and 7.00 lakh units (1.81%) of Financial Technologies (India) among others.
The scheme did not exit completely from any stocks in March 2009.
Sector-wise, the scheme took fresh exposure to Automobiles-LCVs/HCVs at 2.19%, Breweries & Distilleries at 1.98%, and Computers-Software-Medium/Small at 1.81% among others in the March 2009.
Sector-wise, the scheme did not exit completely from any sectors in March 2009.
The scheme had highest exposure to Reliance Industries with 10.01 lakh units (6.36% of Portfolio) followed by Divis Laboratories with 14.33 lakh units (5.70%), State Bank of India with 10.75 lakh units (4.78%) and Infosys Technologies with 7.99 lakh units (4.41%) among others in March 2009.
It reduced its exposure to Maruti Suzuki India by selling 3.63 lakh units to 11.11 lakh units (by 0.79%), Hindustan Unilever by selling 10849 units to 39.88 lakh units (by 0.49%), Alstom Projects India by selling 24129 units to 18.54 lakh units (by 0.42%) and Tata Steel by selling 7.53 lakh units to 18.40 lakh units (by 0.38%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Computers-Software–Large at 8.18% (7.44% in February 2009), followed by Refineries at 6.36% (5.55%), Pharmaceuticals-Indian-Bulk Drugs at 5.70% (5.47%) and Banks-Public Sector at 4.78% (4.83%) among others in March 2009.
Sector wise, the scheme had reduced exposure in Automobiles-Passenger Cars to 3.59% (by 0.79%), Personal Care–Multinational to 3.96% (by 0.49%), Electric Equipment to 2.15% (by 0.42%) and Steel–Large to 1.58% (by 0.38%) among others in March 2009.
Performance: The scheme underperformed the sensex over most of the time periods.
Over three-month period ended as on 04 May 2009, the scheme posted returns of 24.48% underperforming the Sensex that posted returns of 31.87%. Over 6 month period, the scheme's returns surge by 11.74% underperforming the Sensex that rose 14.14%.
The returns of the scheme over one year period fell 29.56% outperforming the Sensex that plunged by 31.05%.
Reliance Vision Fund (G) an open-ended equity scheme launched in September 1995.
The primary investment objective of the scheme is to achieve long-term growth of capital by investment in equity & equity related securities through a research based investment approach. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 158.70 per unit as on 04 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 118.16 crore to Rs 2399.02 crore in March 2009.
Reliance Vision Fund (G) took fresh exposure to six stocks in March 2009. The scheme has purchased 29.13 lakh units (2.19%) of Tata Motors, 7.31 lakh units (1.98%) of United Spirits and 7.00 lakh units (1.81%) of Financial Technologies (India) among others.
The scheme did not exit completely from any stocks in March 2009.
Sector-wise, the scheme took fresh exposure to Automobiles-LCVs/HCVs at 2.19%, Breweries & Distilleries at 1.98%, and Computers-Software-Medium/Small at 1.81% among others in the March 2009.
Sector-wise, the scheme did not exit completely from any sectors in March 2009.
The scheme had highest exposure to Reliance Industries with 10.01 lakh units (6.36% of Portfolio) followed by Divis Laboratories with 14.33 lakh units (5.70%), State Bank of India with 10.75 lakh units (4.78%) and Infosys Technologies with 7.99 lakh units (4.41%) among others in March 2009.
It reduced its exposure to Maruti Suzuki India by selling 3.63 lakh units to 11.11 lakh units (by 0.79%), Hindustan Unilever by selling 10849 units to 39.88 lakh units (by 0.49%), Alstom Projects India by selling 24129 units to 18.54 lakh units (by 0.42%) and Tata Steel by selling 7.53 lakh units to 18.40 lakh units (by 0.38%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Computers-Software–Large at 8.18% (7.44% in February 2009), followed by Refineries at 6.36% (5.55%), Pharmaceuticals-Indian-Bulk Drugs at 5.70% (5.47%) and Banks-Public Sector at 4.78% (4.83%) among others in March 2009.
Sector wise, the scheme had reduced exposure in Automobiles-Passenger Cars to 3.59% (by 0.79%), Personal Care–Multinational to 3.96% (by 0.49%), Electric Equipment to 2.15% (by 0.42%) and Steel–Large to 1.58% (by 0.38%) among others in March 2009.
Performance: The scheme underperformed the sensex over most of the time periods.
Over three-month period ended as on 04 May 2009, the scheme posted returns of 24.48% underperforming the Sensex that posted returns of 31.87%. Over 6 month period, the scheme's returns surge by 11.74% underperforming the Sensex that rose 14.14%.
The returns of the scheme over one year period fell 29.56% outperforming the Sensex that plunged by 31.05%.
No comments:
Post a Comment