RELIANCE MONTHLY INCOME PLAN |
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- Initial offer opens: August 16,2000
- Closing Date:
September 5,2000
- Nature of Scheme: Open Ended
- AMC: Reliance Capital Asset
Management Limited
- Load:No Entry Load. Exit Load of
0.50% if redeemed within six months of purchase.
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- Continuous Offer opens: within 45
days from the close of the initial offer period
- Sponsor: Reliance Capital Limited
- Trustee: Reliance Capital Trustee
Co. Limited
- Minimum subscription:Resident
Investors: Rs.5000/-for Growth Plan and Rs.25,000/-for monthly and quarterly dividend
plans.
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Objective of
the present fund: The objectives of the scheme is to generate regular income and
growth of capital.
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- The fund is promoted by the reputed Reliance Group
- This scheme offers Monthly dividend plan, Quarterly
dividend pland and Growth plan
- Unit holders have the option of switching facility from
one scheme to another
- Income distributed on units of the scheme is exempt from
tax under Section 10(33) of Income Tax
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Strategy of investment |
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Under normal circumstances the fund proposes to invest 85% of investible funds in
debt instruments and in money market instruments and the balance of 15% in
equity. |
| Schemes launched by Reliance Mutual Fund |
| Reliance Vision Fund |
| Reliance Growth Fund |
| Reliance Income Fund |
| Reliance Liquid Fund. |
Performance
overview of the Reliance Mutual Fund |
| Name of the Fund |
NAV as on 31.07.2000 |
NAV as on 30.06.2000 |
NAV as on 31.05.2000 |
NAV as on 30.04.2000 |
NAV as on 31.03.2000 |
NAV as on 29.02.2000 |
NAV as on 31.01.2000 |
| Reliance Vision Fund |
20.29 |
20.42 |
19.69 |
20.00 |
24.06 |
27.69 |
26.57 |
| Reliance Growth Fund |
25.80 |
28.61 |
27.72 |
30.15 |
39.94 |
44.86 |
40.36 |
| Reliance Income Fund |
13.40 |
13.43 |
13.40 |
13.27 |
13.09 |
13.08 |
12.89 |
| Reliance Liquid Fund |
11.95 |
11.88 |
11.79 |
11.72 |
11.66 |
11.58 |
11.50 |
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Comparative Analysis of similar other funds |
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| Name of the Fund |
NAV as on 31.07.2000 |
NAV as on 30.06.2000 |
NAV as on
31.05.2000 |
NAV as on
30.04.2000 |
NAV as on
31.03.2000 |
NAV as on
29.02.2000 |
NAV as on
31.01.2000 |
Alliance Monthly Income (Gr) |
12.56 |
12.75 |
12.59 |
12.65 |
12.78 |
13.00 |
12.36 |
| ING
Income Portfolio(Gr) |
11.34 |
11.39 |
11.35 |
11.26 |
11.11 |
11.08 |
10.95 |
| Kothari
Pioneer Income Builder Account (Gr) |
14.55 |
14.67 |
14.67 |
14.57 |
14.40 |
14.18 |
14.06 |
| Prudential
ICICI Income Plan (Gr) |
12.69 |
12.72 |
12.72 |
12.66 |
12.44
|
12.45 |
12.24 |
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The NAVs of the above funds are steadily
growing. A careful study of the above table reveals that the returns are increasing
at a slow pace but with constant appreciation. Unlike Balanced and Growth
funds the unprecedented upheavals in the stock market did not have much impact on NAVs of
these income funds.
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Risk Perception |
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A careful observation of the performace of the fund indicates that the fund has been
giving reasonable yields to the investor in all the schemes launched by it although the
fund has not maintained a very high profile unlike other funds. Compared to Tech and
Balanced funds, Income funds gave satisfying returns to investors. Investors
who are risk averse can think of investing in this fund.
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