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Reliance Banking Fund - Bet On Banking

| 1/25/2012 8:28 PM Wednesday

The peaking of the interest rate cycle, tapering inflation rates and stable growth forecasts for the Indian economy all augur well for the country’s banking sector. Buying into one of the most consistent banking funds is the best way to ride the growth that this sector presents going forward. Launched in May 2003, the Reliance Banking Fund is one of the oldest and most consistent banking funds that has rewarded its investors with an astounding 28.33 per cent annualised returns. 

The fund has been the best of the lot in the longer time horizon. The last year has been quite tough for this sector, as nothing went right for it – high inflation, the RBI raising rates and headwinds over global financial markets made things tough for the fund managers. Though this fund has not been the best performer in this period, it has certainly managed to restrict losses better than the category average. The fund has also managed risk well, recording the second-best Sharpe ratio in its category. Sunil Singhania, who is among the industry’s most renowned fund managers, has been associated with this fund since 2005.

This is a Multi-Cap fund that predominantly focusses on select Large-Caps within public sector banks and stocks in the private sector banking space with a higher beta. The fund also takes concentrated bets in select Mid-Cap stocks in the banking and financial sectors to generate an alpha for investors. It actively manages allocation between public sector banks, private sector banks and NBFCs, depending on the environment and outlook. Investors with a high risk appetite can take limited exposure in this fund.

Fact Sheet
AMC Reliance Capital Asset Management Ltd
Structure Equity - Banking
Investment Option  Growth & Dividend
Exit Load  1% for redemption within 365 days 
Corpus Rs 1574.35 crore (31/12/11) 
52 Weeks' High/ Low Rs 110.95 (25/04/11) / Rs 74.45 (20/12/11)
Minimum Investment Rs 5000
Benchmark CNX Bank
Launch Date 1-May-03
Fund Manager/s Sunil B. Singhania & Shrey Loonker

Trailing returns (%) as on 20/01/2012         
Time Frames Fund  Category 
Year-to-Date 16.66 18.07
1-Year -13.77 -14.5
3-Year 31.94 28.85
5-Year 17.3 12.77
Returns up to 1 year are absolute and over 1 year are annualized

Top Five Holdings (% of Net Asset as on 31/12/11)
ICICI Bank 15.72%
SBI 12.83%
Bajaj Finance Services 6.60%
Canara Bank 6.02%
Bank of Baroda 5.84%
Total of Ten Holdings 69.76%

 

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Index trend and stocks in action June 17, 2019

Karan DSIJ / Article rating: 5.0

In case Nifty falls below the level of 11,770, it may test the 11,600 mark in the near term. To move upside, the bulls need to move above the 20-DMA once again and sustain for at least two to three days. Only then, the bulls will gain confidence. Stocks in news: BHEL, Elecon Engineering Company, PG Electroplast, FDC, Divi’s Laboratories, Symphony, Coromandel International, Voltas.

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