Background: Religare Asset Management is promoted by the Religare Group, one of leading integrated financial services groups in India. Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd., with Religare Trustee Company Pvt. Ltd. as the Trustee (Trustee under the India Trusts Act, 1882) and with Religare Asset Management Company Ltd. as the Investment Manager.
The fund house manages assets worth Rs 10031.25 crore at end of June 2009. Religare Equity Fund (G) an open-ended equity diversified scheme launched in August 2007.
The scheme aims to generate long-term capital growth from a focused portfolio of predominantly equity and equity-related securities.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 9.39 as on 24 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.61 crore to Rs 47.01 crore in June 2009.
Religare Equity Fund (G) took fresh exposure to nine stocks in June 2009. The scheme has purchased 1.12 lakh units (3.56%) of Yes Bank, 21503 units (2.83%) of LIC Housing Finance, 67106 units (2.78%) of Power Finance Corporation and 14443 units (2.39%) of Dr Reddys Laboratories among others.
The scheme exited completely from Union Bank of India by selling 70475 units (3.10%), Bank of Baroda by selling 30488 units (2.88%) and Ashok Leyland by selling 3.10 lakh units (2.17%) in June 2009.
Sector-wise, the scheme took fresh exposures in Finance-Housing at 2.83%, Finance-Term-Lending Institutions at 2.78%, Personal Care-Indian at 2.15%, and Automobiles-Passenger Cars at 2.05% among others.
Sector-wise, the scheme did not exit completely from any sector in June 2009.
The scheme had highest exposure to Infosys Technologies with 16005 units (6.05% of portfolio size) followed by Reliance Industries with 14009 units (6.03%), Punjab National Bank with 28579 units (4.12%) and Bharat Heavy Electricals with 8764 units (4.11%) among others in June 2009.
It reduced its exposure from Reliance Industries by selling 5202 units to 14009 units (by 3.4%), Bharti Airtel by selling 12676 units to 23384 units (2.38%), Hindustan Petroleum Corporation by selling 17928 units to 41972 units (2.02%) and Hindustan Unilever by selling 47938 units to 66705 units (1.92%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 14.18% (from 21.34% in May 2009), followed by Banks-Private Sector at 10.41% (8.06%), Computers-Software-Large at 8.50% (8.04%) and Pharmaceuticals-Indian-Bulk Drugs & Formulation at 6.25% (3.44%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Refineries to 14.18% (by 7.16%), Banks-Public Sector to 4.12% (by 5.43%), Telecommunications-Service Provider to 3.99% (by 2.38%) and Personal Care-Multinational to 3.79% (by 1.92%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 100. The scheme has outperformed the benchmark index over one month and one year time period, while it underperformed the benchmark index over three months and six months time period.
The scheme has posted returns of 6.22% outperformed the BSE 100 that increased by 4.33% over 1 month period ended 24 July 2009.
Over 3 months period, the scheme advanced by 25.87% underperformed the BSE 100 that gained 38.42%. It rose by 11.12% outperformed the benchmark index that was up by 7.87% over 1 year period.
The fund house manages assets worth Rs 10031.25 crore at end of June 2009. Religare Equity Fund (G) an open-ended equity diversified scheme launched in August 2007.
The scheme aims to generate long-term capital growth from a focused portfolio of predominantly equity and equity-related securities.
The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 9.39 as on 24 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 0.61 crore to Rs 47.01 crore in June 2009.
Religare Equity Fund (G) took fresh exposure to nine stocks in June 2009. The scheme has purchased 1.12 lakh units (3.56%) of Yes Bank, 21503 units (2.83%) of LIC Housing Finance, 67106 units (2.78%) of Power Finance Corporation and 14443 units (2.39%) of Dr Reddys Laboratories among others.
The scheme exited completely from Union Bank of India by selling 70475 units (3.10%), Bank of Baroda by selling 30488 units (2.88%) and Ashok Leyland by selling 3.10 lakh units (2.17%) in June 2009.
Sector-wise, the scheme took fresh exposures in Finance-Housing at 2.83%, Finance-Term-Lending Institutions at 2.78%, Personal Care-Indian at 2.15%, and Automobiles-Passenger Cars at 2.05% among others.
Sector-wise, the scheme did not exit completely from any sector in June 2009.
The scheme had highest exposure to Infosys Technologies with 16005 units (6.05% of portfolio size) followed by Reliance Industries with 14009 units (6.03%), Punjab National Bank with 28579 units (4.12%) and Bharat Heavy Electricals with 8764 units (4.11%) among others in June 2009.
It reduced its exposure from Reliance Industries by selling 5202 units to 14009 units (by 3.4%), Bharti Airtel by selling 12676 units to 23384 units (2.38%), Hindustan Petroleum Corporation by selling 17928 units to 41972 units (2.02%) and Hindustan Unilever by selling 47938 units to 66705 units (1.92%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 14.18% (from 21.34% in May 2009), followed by Banks-Private Sector at 10.41% (8.06%), Computers-Software-Large at 8.50% (8.04%) and Pharmaceuticals-Indian-Bulk Drugs & Formulation at 6.25% (3.44%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Refineries to 14.18% (by 7.16%), Banks-Public Sector to 4.12% (by 5.43%), Telecommunications-Service Provider to 3.99% (by 2.38%) and Personal Care-Multinational to 3.79% (by 1.92%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 100. The scheme has outperformed the benchmark index over one month and one year time period, while it underperformed the benchmark index over three months and six months time period.
The scheme has posted returns of 6.22% outperformed the BSE 100 that increased by 4.33% over 1 month period ended 24 July 2009.
Over 3 months period, the scheme advanced by 25.87% underperformed the BSE 100 that gained 38.42%. It rose by 11.12% outperformed the benchmark index that was up by 7.87% over 1 year period.
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