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| Find a branch near
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| Group Websites: |
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Thank You For Subscribing To
SMS Alert.
We Will Get Back To You. |
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Investment Objective
The primary investment objective of this option is to generate consistent
returns and appreciation of capital by investing in mix of securities
comprising of equity, equity related instruments & fixed income
instruments.
Asset Allocation
InstrumentsAsset
Allocation
Equity and
Equity Related
Instruments 50% -
75%
Debt &
Money Market
instruments 25%
- 50%
Scheme Details
Date of Launch of Balanced Option
: 13th Jan 2007 (RRSF Hybrid Option was launched on June
9,2005 and subsequently Hybrid Option has been changed to Balanced Option
w.e.f. January 13, 2007)
Load Structure Revised w.e.f. 1st
April 09
Entry Load – Nil
Exit Load
ForSubscription of less than Rs 5 Crs per purchase transactions
-
2% If redeemed/ switched before completion of 12 months from the date of
allotment
-
1.5% If redeemed/ switched after 12 months – 1 day and on or before completion
of 24 months from the date of allotment of units
-
1% If redeemed/ switched after 24 months – 1 day and on or before completion of
36 months from the date of allotment of units
-
Nil If redeemed/ switched after completion of 36 months from the date of
allotment
For subscriptions of Rs 5Crs and above per purchase transaction – nil
Redemption Options :
Normal redemption (physical request) & through Reliance Any Time Money Card
Fund Managers :
Omprakash Kuckian & Arpit Malaviya
Benchmark Index :
Crisil Balanced Fund Index (Benchmark changed from CRISIL MIP Index w.e.f. 21st
Feb, 2007)
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Charges upto Rs. 3/SMS. No. 1 in terms of AAUM as on 30th November 2008.
Source: amfiindia.com. The views as expressed above are internal. Free life
insurance cover provided as a part of an add-on feature called as ‘Reliance SIP
Insure’ arranged and funded by Reliance Capital Asset Management Limited
through ‘Reliance Group Term Insurance Scheme’ of Reliance Life Insurance
Company Limited for insuring the outstanding SIP Insure installments. Eligibility:
for individuals of > 20 yrs and < 46 yrs of age. Minimum Investment
Amount: Rs. 1000 per month. Minimum Tenure: 3 Years. Maximum
Insurance Cover: Rs. 10 lakhs per investor across all schemes / plans
and folios. Maximum period of Contribution: 15 years or till attaining
55 years of age. Load Structure: Entry Load: As prescribed the scheme,
refer the offer document / scheme information document of the Reliance Tax Save
(ELSS) Fund. Exit Load: Nil during the first 2 years of coverage, the
sum assured will be limited to the sum of the outstanding SIP installments from
the date of death to be payable in lump sum, subject to a maximum of INR 10
lakhs. From the third year onwards, the sum assured will be a flat cover
equivalent to twice the initial sum assured (i.e. monthly SIP installment X SIP
period in months), subject to a maximum of INR 10 lakhs. Subject to conditions. SIP
is also available without insurance cover. Insurance is the subject matter of
the solicitation. Sponsor: Reliance Capital Limited. Trustee: Reliance
Capital trustee Co. Limited. Investment Manager: Reliance Capital Asset
Management Limited. Statutory Details: The Sponsor, The Trustee and the
Investment Manager are incorporated under the Companies Act 1956. Investment
Objective: Reliance Tax Saver (ELSS) Fund (An Open Ended Equity Linked Savings
Scheme): The primary objective of the scheme is to generate long-term
capital appreciation from a portfolio that is invested predominantly in equity
and equity related instruments. Risk Factors: Mutual Funds and
Securities investments are subject to market risks and there is no assurance or
guarantee that the objectives of the Scheme will be achieved. As with any
investment in Securities, the NAV of the Units issued under then Scheme can go
up or down depending on the factors and forces affecting the capital markets.
Post performance of the Sponsor / AMC / Mutual Fund is not indicative of the
future performance of the Scheme. Reliance Tax Saver (ELSS) Fund is the name of
the Scheme and does not in any manner indicate either the quality of the
Scheme; its future prospects or returns. The sponsor is not responsible or
liable for any loss resulting from the operation of the Scheme beyond their
initial contribution of Rs. 1 lakh towards the setting up of the Mutual Fund
and such other accretions and additions to the corpus. Investment in this
scheme is subject to lock in period of 3 years from the date of allotment of
units. The NAV of the scheme may be affected, interalia, by changes in the
market conditions, interest rates, trading volumes, settlement periods and
transfer procedures. The Mutual Fund is not assuring that it will make
periodical dividend distributions, though it has every intention of doing so.
All dividend distributions are subject to the availability of distributable
surplus in the Scheme. For details of the Scheme features apart from those
mentioned above and for scheme-specific risk factors, please refer to the Offer
Document / Scheme Information Document. Please read the offer document / Scheme
Information Document carefully before investing.
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