Background: Reliance Capital Limited is the sponsor of Reliance Capital Assets Management Limited set up in June 1995. Reliance Capital Limited. 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 102730.16 crore at end of May 2009.
Reliance Vision Fund (G) an open-ended equity growth 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 203.97 per unit as on 11 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 826.88 crore to Rs 3521.02 crore in May 2009.
Reliance Vision Fund (G) took fresh exposure to five stocks in May 2009. The scheme has purchased 4.22 lakh units (2.61%) of Bharat Heavy Electricals, 10.00 lakh units (2.33%) of Bharti Airtel, 30.75 lakh units (2.15%) of Indiabulls Real Estate and 32.24 lakh units (1.41%) of India Cements among others.
The scheme did not exit completely from any stocks in May 2009.
Sector-wise, the scheme took fresh exposure in Construction at 2.15%, Cement-South India at 1.41% and Cigarettes at 1.36% in May 2009.
Sector-wise, the scheme did not exit completely from any sectors in May 2009.
The scheme had highest exposure to State Bank of India with 14.07 lakh units (7.47% of portfolio size) followed by Reliance Industries with 7.97 lakh units (5.16%), Divis Laboratories with 13.66 lakh units (4.48%) and ICICI Bank with 18.96 lakh units (3.99%) among others in May 2009.
It reduced its exposure from Infosys Technologies by selling 98618 units to 8.02 lakh units (by 1.39%), Hindustan Unilever by selling 7.08 lakh units to 30.01 lakh units (1.26%), Tata Consultancy Services by selling 1.99 lakh units to 16.25 lakh units (0.99%) and Indian Hotels Company by selling 36.93 lakh units to 55.77 lakh units (0.66%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 8.97% (from 8.22% in April 2009), followed by Computers-Software-Large at 6.88% (9.26%), Electric Equipment at 5.20% (2.36%) and Refineries at 5.16% (5.36%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Computers-Software-Large to 6.88% (by 2.38%), Personal Care-Multinational to 1.97% (by 1.26%), Hotels to 1.04% (by 0.66%) and Finance-Housing to 3.22% (by 0.31%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 100 Index. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 31.20% underperforming the BSE 100 Index that gained 34.45% over 1 month period ended 11 June 2009.
Over 3 months period, the scheme advanced by 74.84% underperforming the BSE 100 Index that gained 92.79%.
It rose 3.12% outperforming the benchmark index that declined by 0.01% over 1 year period.
Reliance Vision Fund (G) an open-ended equity growth 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 203.97 per unit as on 11 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 826.88 crore to Rs 3521.02 crore in May 2009.
Reliance Vision Fund (G) took fresh exposure to five stocks in May 2009. The scheme has purchased 4.22 lakh units (2.61%) of Bharat Heavy Electricals, 10.00 lakh units (2.33%) of Bharti Airtel, 30.75 lakh units (2.15%) of Indiabulls Real Estate and 32.24 lakh units (1.41%) of India Cements among others.
The scheme did not exit completely from any stocks in May 2009.
Sector-wise, the scheme took fresh exposure in Construction at 2.15%, Cement-South India at 1.41% and Cigarettes at 1.36% in May 2009.
Sector-wise, the scheme did not exit completely from any sectors in May 2009.
The scheme had highest exposure to State Bank of India with 14.07 lakh units (7.47% of portfolio size) followed by Reliance Industries with 7.97 lakh units (5.16%), Divis Laboratories with 13.66 lakh units (4.48%) and ICICI Bank with 18.96 lakh units (3.99%) among others in May 2009.
It reduced its exposure from Infosys Technologies by selling 98618 units to 8.02 lakh units (by 1.39%), Hindustan Unilever by selling 7.08 lakh units to 30.01 lakh units (1.26%), Tata Consultancy Services by selling 1.99 lakh units to 16.25 lakh units (0.99%) and Indian Hotels Company by selling 36.93 lakh units to 55.77 lakh units (0.66%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Public Sector at 8.97% (from 8.22% in April 2009), followed by Computers-Software-Large at 6.88% (9.26%), Electric Equipment at 5.20% (2.36%) and Refineries at 5.16% (5.36%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Computers-Software-Large to 6.88% (by 2.38%), Personal Care-Multinational to 1.97% (by 1.26%), Hotels to 1.04% (by 0.66%) and Finance-Housing to 3.22% (by 0.31%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 100 Index. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 31.20% underperforming the BSE 100 Index that gained 34.45% over 1 month period ended 11 June 2009.
Over 3 months period, the scheme advanced by 74.84% underperforming the BSE 100 Index that gained 92.79%.
It rose 3.12% outperforming the benchmark index that declined by 0.01% over 1 year period.
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