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 108332.36 crore at end of June 2009.
Reliance Equity Fund (G) an open-ended equity growth scheme launched in February 2006. The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities of top 100 companies by market capitalized & of companies which are available in the derivatives segment from time to time 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 12.19 per unit as on 10 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 62.01 crore to Rs 2232.02 crore in June 2009.
Reliance Equity Fund (G) took fresh exposure to one stock in June 2009. The scheme has purchased 10.02 lakh units (1.20%) of Hindustan Unilever
The scheme exited completely from Suzlon Energy by selling 34.76 lakh units (1.48%) in June 2009.
Sector-wise, the scheme took fresh exposure to Personal Care- Multinational at 1.20% in June 2009.
Sector-wise, the scheme did exit completely from Electric Equipment at 1.48% in June 2009.
The scheme had highest exposure to State Bank of India with 8.90 lakh units (6.95% of portfolio size) followed by Oil & Natural Gas Corporation with 12.00 lakh units (5.74%), Divis Laboratories with 11.19 lakh units (5.60%) and Reliance Infrastructure with 9.03 lakh units (4.85%) among others in June 2009.
It reduced its exposure from Reliance Industries to 4.57 lakh units (by 0.38%), State Bank of India to 8.90 lakh units (0.29%), Financial Technologies (India) to 6.06 lakh units (0.23%) and Reliance Infrastructure to 9.03 units (0.16%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Telecommunications-Service Provider at 9.52% (from 9.72% in May 2009), followed by Banks-Public Sector at 6.95% (7.24%), Computers-Software-Large at 6.56% (6.49%) and Oil Drilling/Allied Services at 5.74% (5.19%) among others in June 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 4.15% (by 0.38%), Banks-Public Sector to 6.95% (by 0.29%), Computers-Software-Medium/Small to 3.55% (by 0.23%) and Telecommunications - Service Provider to 9.52% (by 0.20%) among others in June 2009.
Performance: The performance of scheme is benchmarked against Nifty (S&P CNX). The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 8.43% outperforming the Nifty (S&P CNX) that declined 12.64% over 1 month period ended 10 July 2009.
Over 3 months period, the scheme advanced by 22.47% outperforming the Nifty (S&P CNX) Index that gained 19.80%. It rose 4.69% outperforming the benchmark index that declined by 1.11% over 1 year period.
Reliance Equity Fund (G) an open-ended equity growth scheme launched in February 2006. The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities of top 100 companies by market capitalized & of companies which are available in the derivatives segment from time to time 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 12.19 per unit as on 10 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 62.01 crore to Rs 2232.02 crore in June 2009.
Reliance Equity Fund (G) took fresh exposure to one stock in June 2009. The scheme has purchased 10.02 lakh units (1.20%) of Hindustan Unilever
The scheme exited completely from Suzlon Energy by selling 34.76 lakh units (1.48%) in June 2009.
Sector-wise, the scheme took fresh exposure to Personal Care- Multinational at 1.20% in June 2009.
Sector-wise, the scheme did exit completely from Electric Equipment at 1.48% in June 2009.
The scheme had highest exposure to State Bank of India with 8.90 lakh units (6.95% of portfolio size) followed by Oil & Natural Gas Corporation with 12.00 lakh units (5.74%), Divis Laboratories with 11.19 lakh units (5.60%) and Reliance Infrastructure with 9.03 lakh units (4.85%) among others in June 2009.
It reduced its exposure from Reliance Industries to 4.57 lakh units (by 0.38%), State Bank of India to 8.90 lakh units (0.29%), Financial Technologies (India) to 6.06 lakh units (0.23%) and Reliance Infrastructure to 9.03 units (0.16%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Telecommunications-Service Provider at 9.52% (from 9.72% in May 2009), followed by Banks-Public Sector at 6.95% (7.24%), Computers-Software-Large at 6.56% (6.49%) and Oil Drilling/Allied Services at 5.74% (5.19%) among others in June 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 4.15% (by 0.38%), Banks-Public Sector to 6.95% (by 0.29%), Computers-Software-Medium/Small to 3.55% (by 0.23%) and Telecommunications - Service Provider to 9.52% (by 0.20%) among others in June 2009.
Performance: The performance of scheme is benchmarked against Nifty (S&P CNX). The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 8.43% outperforming the Nifty (S&P CNX) that declined 12.64% over 1 month period ended 10 July 2009.
Over 3 months period, the scheme advanced by 22.47% outperforming the Nifty (S&P CNX) Index that gained 19.80%. It rose 4.69% outperforming the benchmark index that declined by 1.11% over 1 year period.
