Markets
BSE See NSE See 39,434.94
311.98 (0.8%)
collapse Related Readings collapse

Reliance Regular Savings Balanced Fund - Well poised

| 11/14/2011 6:16 PM Monday

Reliance Regular Savings Balanced Fund is a hybrid equity-oriented fund. It seeks the best of both worlds by investing around 65 to 75 per cent in equity and equity-related instruments and the rest in debt and money market instruments.

The fund’s equity portfolio is well managed and diversified, with high quality Large-Cap stocks and Mid-Cap stocks with attractive valuations and long-term growth potential. The investment style hinges on sector diversification, rather than taking aggressive bets on specific stocks. The fund focusses on reducing the volatility of returns by increasing/decreasing equity exposure based on market outlook. The debt portfolio comprises high-quality debt instruments, with a maturity profile ranging between one to seven years, keeping the interest rate outlook in mind.

In terms of performance, the fund has been a consistent performer over the long term. It has generated a CAGR of 12.16 per cent. In the last four calendar years, from 2007 to 2010, the fund has been in the top quartile, and has significantly outperformed its category average.

The fund has invested around 71 per cent in equities, 24 per cent in non-convertible debentures (NCDs) and the balance five per cent in cash and money market instruments. On the equity side, the top five sectors comprise 40 per cent and the top 10 stocks account for 32 per cent of its portfolio. On the debt side, the fund has a modified duration of about 167 days with a running yield of 9.30 per cent.

Currently, equities are trading at attractive valuations, and the yield on debt markets are also at attractive levels. The fund provides the benefits of investing in both asset classes. Investors with a moderate risk profile can look at investing in this fund with a three-year time horizon.

Trailing returns (%) as on 11/11/2011         
Time Frames Fund  Category 
Year-to-Date -12.38 -8.40
1-Year -16.29 -10.78
3-Year 25.21 19.13
5-Year 12.75 7.00
Returns up to 1 year are absolute and over 1 year are annualized

Top Five Holdings (% of Net Asset as on 31/10/11)
Reliance Capital (NCD) 5.20%
HDFC Bank 4.14%
Infosys Technologies 4.05%
Divi's Laboratories 3.89%
Citifinancial Consumer Finance (NCD) 3.49%
Total of Ten Holdings                     31.40%

 

Find More Articles on: DSIJ Magazine, Fund of the Fortnight, Personal Finance, Mutual Funds, Product, Mid Cap

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »

DSIJ Mindshare

Torrent Power shines on the bourses

Vinayak Gangule / Article rating: 5.0

Torrent Power sparked in Tuesday’s trading session as it informed bourses that it has received an approval from Gujarat Electricity Regulatory Commission (GERC) for the power procurement arrangement of 278 MW between the company's UNOSUGEN Power Plant (capacity of 382.5 MW) and its Licensed Distribution Business for cities of Ahmedabad, Gandhinagar and Surat.

12345678910Last

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Tiger Logistics topline to grow by 10%--buoyant over infra sector status to logistics sector

Logistics sector will play a vital role in making the concept of ‘Make in India’ a success. This will be further aided by some of the recent steps taken by Government of India such as granting of infra sector status to logistics sector.

Best and worst Performing Sector Funds of Year 2017

Best and worst Performing Sector Funds of Year 2017

As the year-end has approached most of you are eager to know the mutual fund movers and shakers of the year 2017. Read on to find the performance of various sector dedicated funds.

Markets may start positive, but volatility likely due to F&O expiry

Markets may start positive, but volatility likely due to F&O expiry

The start of the F&O expiry day is likely to be in the green, but volatility may creep in with the progress of the session. The SGX Nifty suggests that the Nifty could open at 10,525 with gains of 32 points at the opening bell. 

Pidilite announces buyback of Rs 500 crore

Pidilite announces buyback of Rs 500 crore

The buyback offer comprises purchase of up to 50,00,000 equity shares. The buyback offer size comprises 0.975 per cent of the total paid-up equity capital of the company.

Bank Nifty drags markets to close in the red

Bank Nifty drags markets to close in the red

The late session fall in Bank Nifty changed the direction of the market, leading to a marginal fall in the benchmark indices. Bank Nifty yet again resisted at its multiple point downward sloping trendline level at 25733.

Six major underperforming MF schemes having higher expense ratios

Six major underperforming MF schemes having higher expense ratios

Mutual funds with a large size of assets under management (AUMs) are supposed to have lower expense ratios. However, there are schemes with large AUMs but having higher expense ratios and generating lower returns. 

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma supports market; Sun Pharma at bullish reversal

Nifty Pharma index has come in as the healer in an otherwise sluggish market. Index has given a consolidation breakout at the 9420 level today and if the it sustains 9420, followed by 9628 on the upside, it has a long way to go.

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.35 p.m. on December 27.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on December 27 opened gap down. BSE Sensex is trading at 34,068.15, up by 57.54 points and the Nifty is trading at 10,539.45, up by 7.95 points.

Five stocks with selling interest

Five stocks with selling interest

Overall volumes in futures & options currently stand at 62.75 lakh contracts with a turnover of Rs. 5,19,204.72 crore.