DebtDesk - Kotak Securities · Reliance Tax Saver (ELSS) Fund Investing in Reliance Tax Saver (ELSS) fund helps in enjoying the dual advantage of Tax Saving and Growth Potential of

2 Fundamentals March 2009

Reliance Vision Fund This fund was launched in October 1995, with an objective to achieve long-term capital growth. It focuses on companies with large-size capitalization with a small exposure to companies with a mid-size capitalization.

Reliance Growth Fund This fund focuses on companies with mid-size capitalization, with a small exposure to companies with a large-size capitalization. The strategy is to invest in companies which show the potential to become bluechip, even before they become one.

Reliance Banking Fund This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the banking sector.

Reliance Diversified PowerSector Fund

This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the power sector.

Reliance Pharma Fund This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the pharmaceutical sector.

Reliance Media & Entertainment Fund

This fund will enable the investor to allocate his equity assets according to his sectoral preferences and use the fund to implement his views on the sector. It will also enable investors to diversify in thematic fund investing in the media and entertainment sector.

Reliance NRI Equity Fund This fund is an ideal offering for NRI investors who are seeking exposure to equity to participate in Indian markets in the diversified equity space. It will be focusing on companies with relatively higher market capitalization and having good liquidity in the stock market. The investment philosophy is to focus on investment ideas that would benefit significantly from the strong investment phase that India is currently witnessing.

Reliance Tax Saver (ELSS) Fund Investing in Reliance Tax Saver (ELSS) fund helps in enjoying the dual advantage of Tax Saving and Growth Potential of Equity. The investment philosophy is to focus on investment ideas that would benefit significantly from the strong investment phase that India is currently witnessing. A mix of both top down and bottom up strategy is considered and Reliance Mutual Fund has in house expertise in both. Stock selection remains the most important factor for long-term performance. ELSS allows you to take a minimum three year perspective for its investments enabling the fund manager to take a long-term call on the markets with no daily redemption pressures.

Reliance Equity Opportunities Fund

This fund will invest in stocks across sectors and industries of all market capitalization. It will aim to capture and take advantage of any opportunity, which arises, in the market irrespective of the sector and market capitalization.

Reliance Regular Saving Fund Reliance Regular Saving fund (Equity Option) adopts a multi-cap strategy that aims to invest in companies across all sectors and market capitalization. The portfolio seeks long term capital growth by investing in companies demonstrating distinct competitive advantages and potential for sustainable growth that may not be reflected in their current prices. The scheme also provides flexibility to capitalize on market trends in

volatile markets where the valuation differential between mid-cap and large-cap stocks starts getting magnified throwing up opportunities.

Reliance Equity FundWe believe that, opportunities exist in the market at any given point in time, but identifying and taking advantage of them holds the key. At any given period of time there are some stocks which give positive returns and some stocks which give negative returns. Generate long-term returns by investing in a diversified portfolio of stocks. It helps in minimizing the downside risk - by being in a hedged position.

Reliance Long-Term Equity Fund This fund is targeted towards investors having a long-term investment horizon of around three to five years. The fund will predominantly concentrate on opportunities in small and mid-cap space. This nature of the fund will enable the fund manager to take calls on stocks that are expected to perform over a longer period of time without worrying much about short-term market aberrations.

Reliance Equity Advantage Fund The broad investment strategy of the scheme will be to invest in a portfolio predominantly of equity and equity related instruments with investments predominantly in S & P CNX Nifty stocks. The fund proposes to invest 100 per cent of the net equity investments in line with the sector ratio of S & P CNX Nifty. The fund will endeavor to replicate the sector allocation of the S & P CNX Nifty on a monthly basis. At least 80 per cent of the equity investments will be in S & P CNX Nifty stocks and the balance exposure in other stocks. The investment gamut will mainly be stocks in S & P CNX Nifty index and to a small extent in other stocks belonging to any/all sectors.

Reliance Natural Resources Fund This fund invests principally in equity securities of issuers in natural resources industries. It may invest in securities of issuers located anywhere in the world and normally will invest in securities of companies listed the Bombay Stock Exchange Limited (BSE), London Stock Exchange Limited (LSE), New York Stock Exchange (NYSE), Toronto Stock Exchange (TSE) and Australian Stock Exchange (ASX). The Indian investor like his counterparts in the emerging economies is exposed to the economic risks associated with steep and rapid rise in the prices of Natural Resources. The scheme allows Indian investors to participate in the equities of companies in Natural Resources Sector.

Reliance Quant Plus Fund This fund approaches stock selection process based on quantitative analysis. The fund will focus on stocks from constituents of S&P CNX Nifty.

Reliance Equity Linked SavingFund - Series I

The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit. The fund managers will follow an active investment strategy taking defensive/aggressive postures depending on opportunities available at various point of time.

Reliance Banking ExchangeTraded Fund

It is designed to provide returns that closely correspond to the total returns of stocks as represented by the CNX Bank Index.Cost Effective: The expenses incurred in buying and selling units and the schemes ongoing expenses will be less than the costs associated with buying and selling of individual stocks of banksLow expense ratio: Less expense ratio as compared to traditional/active diversified equity schemesReal time trading on NSE: Available in Demat formLiquidity & Transparency: Its units can be traded like a share and therefore it provides the ability to buy and sell them quickly at the ruling market price and therefore highly liquid

Reliance Vision Fund

Reliance Growth Fund

Reliance Banking Fund

Reliance Diversified Power Sector Fund

Reliance Pharma Fund


Reliance NRI Equity Fund

Reliance Tax Saver (ELSS) Fund


Reliance Regular Saving Fund

Reliance Equity Fund

Reliance Long Term Equity Fund

Reliance Equity Advantage Fund

Reliance Natural Resources Fund

Reliance Quant Plus Fund

Reliance Equity Linked Savings Fund- Series I

Reliance Banking Exchange Trade Fund

e gefunYour Fund Guide

3Fundamentals March 2009

fromthe

EquityDeskfromthe

DebtDeskOverview

The markets moved in a range for early part of the month. However, volatility continued to be high. Towards the end of the month, reaction set in line with global markets. The disappointment over the interim budget also contributed to the weak sentiments. The Sensex fell to a low of 8619, before recovering a bit. It closed the month at 8892, down nearly 6%. Cement and auto stocks generally did well during the month.

FIIs turned sellers in January to the tune of $604mn. Mutual Funds also were net sellers to the tune of $360mn during the month.

There were no major initiatives or measures announced in the vote-on-account. However, departing from normal practice, Railway Minister Lalu Prasad announced a two per cent cut in passenger fares across the board. Government also announced another fiscal stimulus package of Rs300bn with cut in excise duty and service tax being the key measures.

India’s GDP grew by 5.3 per cent in the third quarter, as manufacturing contracted and even agriculture surprisingly showing contraction. Core sector growth continued to disappoint at 2.3% for December. Growth in industrial production came in at 2% in December. Trade deficit declined in December 08 to $12.7bn. Forex reserves fell to $250bn as on February 20. Inflation continued to fall aggressively, touching 3.36% in the week ended February 14.

The Company Law Board approved a proposal sell equity stake to a strategic investor in Satyam Computer and also to increase the share capital. In other corporate news, the boards of Reliance Industries Ltd. (RIL) and Reliance Petroleum Ltd. (RPL) decided to merge the two entities.

Crude oil prices recovered to $45 per barrel. Non-ferrous metals with copper in particular registered smart gains on better demand outlook from China. Indian Rupee fell sharply to 51 to the USD.

Outlook

The investment environment continues to remain as challenging as ever. However, the intent of the US regulators in going whole hog to protect the sanity of their financial system has helped in somewhat reviving confidence. Equity markets globally have started to inch upwards and with some confidence returning, fund flows have also started to improve. Commodities in general have also stabilized for now. Though it is too early to say that we have hit the bottom, it would not be unfair to say that we have factored in most of the known problems and more at current valuations. While not sounding too optimist, we have already started deploying cash cautiously and would continue to do so over the next few months. Election uncertainty is one sure thing that makes us cautious and would be at the back of our mind to change our strategy, if at all.

Sunil SinghaniaFund Manager

Overview

RBI continued aggressively cutting its key interest rate and announced second stimulus package within a time

frame of one month. The key highlights of the month include falling headline inflation number, comfortable liquidity and additional government borrowing announcement.

RBI announced rate cut of repo and reverse repo by 100 bps each to 5.5% and 4% respectively and cash reserve ratio (CRR) by 50 bps to 5%. Along with the aggressive monetary easing, the Central Government also announced the second fiscal stimulus package.. The second stimulus package includes: i) Ceilings on ECB borrowing removed under the approval route of RBI; ii) FII investment limit in corporate bonds increased from $ 6 bn to $ 15 bn; iii) To meet expenditures, states will be allowed to raise in FY09 additional market borrowings of 0.5% of their GDP (amounting to about Rs 30,000 cr for capital expenditures); iv) IIFCL will be allowed to access in tranches an additional Rs.30,000 cr by way of tax free bonds; v) Recapitalization of the public sector banks to the tune of Rs.20000 crore over the next two years.

After the sudden rate cuts by RBI the 10 year benchmark Gsec rallied and yield on the same touched a intraday four year low of 4.88% levels before closing the day at 5.07% levels. But the rally was halted on announcement of additional borrowing to the extent of Rs.25000cr by RBI. In reaction to the above announcement the 10 year benchmark yield rose as high as 6.24% levels during the month and also to the some extent profit booking was witnessed. Rising fiscal deficit and reduced possibilities on execution of 3G auction, increased fear of additional borrowing by government and dampened the positive bond market sentiments. Fiscal deficit in the first nine months of FY09 (April-Dec) rose to 163% of the Budgeted estimates and 4% of GDP on slowing in revenue growth and accelerating revenue expenditure. To fill up this gap, the RBI is expected to announce the additional market borrowing. However given soft interest rate scenario the 10year Gsec again rallied and yield fall to 5.60% levels ahead of quarterly review on monetary policy with increased expectations on further rate cuts.

In the third quarter monetary policy meeting, the RBI left the benchmark rates unchanged. However, the RBI, in its statement, announced that “The Reserve Bank will continue to maintain vigil, monitor domestic and global developments, and take swift and effective action to minimise the impact of the crisis and restore the economy


to its potential growth path with price stability.” The 10 year Gsec finally closed at 5.91% levels at the month end Vs. 5.61% last month. Corporate bonds followed G-secs yields and the spread between Gsec and Corporate bonds contracted from 310-320 bps to 285 bps by the month end.

On the shorter end of the yield curve one year CD rate dropped significantly from 8.50% levels to 7.10% levels. The liquidity conditions continued to be comfortable with the overnight rate hovering between 4.25% to 5.25% levels during the month.

During the month, the inflation continued to decelerate, fuelled mainly by low global fuel and commodity prices, declining domestic manufacturing prices and seasonal factors. WPI-based inflation rate came down from an average of 6.43% in December to 5.64% by mid-January. Going forward, inflation is expected to decline even faster, on account of second domestic fuel price cut, on benign global fuel prices environment and base effect.

In Nov’08, industrial production growth continued to be sluggish on slowing global and domestic economic growth, lagged effects of high interest rate regime and global credit-crunch. However, it was positive at 2.4%oya (as against -0.3% oya in Oct’08) on account of favourable base effect.IIP for period Apr-Nov grew at 3.9% oya compared to 9.2% last year same period, indicating that the industrial production and hence the GDP growth is slowing.

During the month, the rupee depreciated marginally (0.4%) against the dollar as against appreciation of average 0.7% in December. Appreciating dollar, global credit crunch, deteriorating trade deficit, declining forex reserves and demand from importers continued to put strain on the rupee.

Major Central banks around the globe continued to aggressively cut their benchmark rates. Bank of England cut the rate by 50 points to 1.5% (the lowest since 1951), while European Central Bank cut it by 50 points to 2%, while New Zealand sliced interest rates by a record 150 bps to 3.5%.

OutlookInflation is likely to drift down on account of impact of domestic oil price cut and base effect. Given soft interest rate scenario, likely additional government borrowing due to increase fiscal gap market may remain cautious and will take fresh cues from any announcement on additional borrowing or interest rate actions by RBI.But our medium to long term view is positive on account of falling inflation numbers and soft interest rate scenario.

Prashant PimpleFund Manager

fromthe

GoldDeskOverview

Gold, the safe haven asset, has outperformed most of the other assets at the time when globally financial markets are weakening. In spite of expanding balance sheets regulators are still trying to infuse liquidity into the system to stem out the global financial crisis

without really worrying about longer term implications. Many seem to be baffled by present deflationary environments and anticipated inflationary environment.

The global downturn began with U.S. housing market slump which triggered a crisis in debt-derivatives markets and then gathered strength to engulf most of the asset classes around the world. Suspicion about we being in the worst economic crisis are increasing. Globally governments are the only entity trying to salvage us from deflationary environment by increasing money supply. Such increase in money supply has a potential to boomerang as higher inflation and will deteriorate growth outlook as well. Many seem to argue that lower asset prices would outweigh inflation fears. But it becomes difficult to digest how economy is going to rebound unless liquidity eases out and credit growth expands without giving rise to inflation. Experts believe that either we are going to remain in deflationary environment or we will be fighting inflation in coming months.

Commodities and equities have failed to attract investor interest despite attractive valuations and investors seem to be on the sideline waiting for dust to settle down. With no clear sign of recovery many are wondering whether markets have already bottomed out or markets are yet to make new lows. Even if we have bottomed out, it would a long time before market participants become aggressively bullish to drive up prices. Either ways alternative assets would remain the flavor of the day for some time now.

SPDR, the world largest gold ETF, has recorded more than 63 tones of inflows only in the month of January. Record high investment inflows in ETFs, bars and coins coupled with flat to declining mine supply and decreasing central banks sales are pushing gold prices higher. Besides the speculative interest on worlds largest gold exchange- COMEX is still below the historical highs suggesting there is potential for further upside as interest can rise.

Outlook

Because of financial meltdown investment flows have being diverted to US treasury resulting in sub 3% yields and dollar appreciation. However situation is likely to reverse in coming days and would lead to dollar deprecation and outflows of funds from US treasuries. This will benefit gold the most among all the other assets as gold.

The present deflationary environment is likely to benefit gold as gold is seen as a safe haven asset and it has no significant correlation with most other asset classes. Similarly higher inflation is likely to benefit gold as it is seen a good hedge against inflation. Thus the present market environment makes gold the most attractive investment.

Jewelry demand has been suppressed due to higher gold price since last few quarters and investors are likely to resurface at lower prices make up for the uncatered jewelry appetite. Hefty investment demand at higher levels and huge anticipated jewelry demand at lower levels should keep gold prices at elevated levels.

Confirming the bullish sentiments gold prices appears to be moving in a bullish channels and are likely to take support at around 870$/Oz, resistance is expected at around 988$/Oz followed by 1035$/Oz. Prudent long term investors should continue investing by spreading their bets over the next few months.

Hiren ChandariaFund Manager


FuNd daTa

Structure . . . . . Open-ended Equity Growth SchemeDate of allotment . . . . . . . . . . . . . October 8, 1995Inception Date . . . . . . . . . . . . . . . . October 8, 1995Corpus: 3087.83 crores . . . . . (February 28, 2009)Minimum Investment . . . . Retail Plan- Rs 5,000 and in multiples of Re 1 thereafter . . . . . . . . . . . . . Institutional Plan (IP)- Rs 5 cr and in multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaEntry Load . . . . . . . . . . . . Retail Plan <2cr - 2.25%; >_2cr<5cr - 1.25%; >_5cr - Nil . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load ......Retail Plan - For subscription of less than Rs 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above per purchase transaction, no exit load shall be charged, . . . . . . . . . . . . . . . . . . . . . . . , Institutional Plan: NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . BSE 100 Index

PORTFOLiO OF RELiaNCE GROWTH FuNd

as on February 28, 2009Holdings Weightage (%)Equities 68.31Lupin Ltd. 4.56Divis Laboratories Ltd. 3.91Reliance Industries Ltd. 3.43Infosys Technologies Ltd. 3.21Jindal Steel & Power Ltd. 3.13Bank of Baroda 2.84State Bank of India 2.70Jain Irrigation Systems Ltd. 2.58Bharti Airtel Ltd. 2.41Maruti Suzuki India Ltd. 2.11E.I.D. Parry (India) Ltd. 2.06Britannia Industries Ltd. 1.76ICICI Bank Ltd. 1.65United Phosphorus Ltd. 1.64Reliance Communications Ltd 1.53Cambridge Solutions Limited 1.44Radico Khaitan Ltd 1.38Jindal Saw Ltd. 1.34Adani Enterprises Limited 1.33BEML Limited 1.30Reliance Infrastructure Limited 1.19Orient Paper & Industries Ltd. 1.19Gujarat State Fertilizers & Chemicals Ltd. 1.09Jaiprakash Associates Ltd. 1.06HCL Technologies Ltd. 1.05Sintex Industries Ltd. 1.03Gujarat Mineral Development Corp Ltd. 1.02Equity Less Than 1% of Corpus 14.36derivatives,debt,Cash and Other Receivables 31.69Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta: 0.8679Standard Deviation: 4.4041R Squared: 0.8402Sharpe Ratio : 0.0015Portfolio Turnover Ratio: 2.05Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009)

NaV aS ON FEBRuaRy 27, 2009 RS

Reliance Growth Fund-Growth Plan 194.1380Reliance Growth Fund-Bonus Plan 32.2012Reliance Growth Fund-Dividend Plan 29.4795Reliance Growth Fund-Institutional Growth 194.9405Reliance Growth Fund-Institutional Bonus 194.9405Reliance Growth Fund-Institutional Dividend 194.3397

ExPENSE RaTiO

Retail 1.82%Institutional 1.62%

diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaVMarch 21, 2000 10.00 100.00 40.89 30.90February 18, 2003 2.00 20.00 22.61 20.67July 18, 2003 3.00 30.00 27.96 24.47October 9, 2003 3.00 30.00 34.67 31.80December 18, 2003 6.00 60.00 41.10 35.28March 12, 2004 7.50 75.00 34.67 27.17October 19, 2004 3.00 30.00 33.61 30.37December 24, 2004 2.50 25.00 37.34 34.91March 29, 2005 5.00 50.00 36.21 31.80December 19, 2005 3.00 30.00 50.83 47.63March 29, 2006 7.50 75.00 57.77 50.90October 30, 2006 2.50 25.00 55.58 53.08March 12, 2007 7.50 75.00 54.09 47.16August 17, 2007 3.50 35.00 54.72 52.04March 19, 2008 6.50 65.00 54.53 47.42Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

NaV PERFORMaNCE OF RELiaNCE GROWTH FuNd vs BSE 100 iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -38.34 -39.611 Year -49.30 -52.413 Years -1.90 -5.735 Years 20.94 9.07Since Inception 24.78 7.86"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

SPECiaL FEaTuRE Reliance Any Time Money Card

Reliance Growth FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to achieve long-term growth of capital by investing in equity and equity-related securities through a research-based investment approach.

Equity

Industry % Allocation

Retailing

Information Technology

Textile Products

Finance

Non - Ferrous Metals

Telecom - Equipment & Accessories

Textiles - Cotton

Diversified

Hardware

Media & Entertainment

OIL

Auto Ancillaries

Paper

Minerals/mining

Cement

Power

Chemicals

Fertilisers

Trading

Construction

Pesticides

Auto

Petroleum Products

Industrial Capital Goods

Telecom - Services

Industrial Products

Ferrous Metals

Consumer Non Durables

Software

Banks

Pharmaceuticals

Grand Total 68.31

9.00

7.94

5.87

5.77

5.07

4.26

3.97

3.61

3.43

2.81

2.00

1.69

1.61

1.54

1.49

1.19

1.19

1.14

0.94

0.70

0.55

0.53

0.49

0.40

0.25

0.21

0.21

0.19

0.15

0.07

0.04

aSSET aLLOCaTiON

Equities68.31

Derivatives, Debt, Cash andOther Receivables

31.69

SECTOR aLLOCaTiON

figures in %

SiP RETuRN

as on February 27, 2009Period 1 year 3 years 5 years Since inceptionSIP Start Date 3/1/2008 3/1/2006 3/1/2004 10/8/1995Current NAV (As on 27/02/2009) 194.14 194.14 194.14 194.14Total No. of units accumulated 43.19 130.19 342.77 6036.50Total Amount Invested 12000.00 36000 60000 161000Present Value 8384.27 25275.09 66545.04 1171914.56Yield -52.82% -22.10% 4.14% 26.76%Present Value if invested in Index 8381.52 23978.00 54942.28 320349.44Yield From Index -52.86% -25.17% -3.50% 9.73%Assumptions:a) Every SIP has an entry Load: till October 2004- 2% and from November 2004 2.25% has been consideredb) SIP of Rs 1000/- each has been taken into consideration including the first installement. SIP happen on 10th of every month.Also note that we have

assumed a/c opening and 1st SIP happen in the same month.c) Returns less than one year are absolute returns and returns more than one year are compounded annualised returns. Calculations assume that all payouts

during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in future


FuNd daTa

Structure . . . . . Open-ended Equity Growth SchemeDate of allotment . . . . . . . . . . . . . October 8, 1995Inception Date . . . . . . . . . . . . . . . . October 8, 1995Corpus: 2280.86 crores . . . . . (February 28, 2009)Minimum Investment . . . . Retail Plan- Rs 5,000 and in multiples of Re 1 thereafter . . . . . . . . . . . . . Institutional Plan (IP)- Rs 5 cr and in multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . Ashwani KumarEntry Load . . . . . . . . . . . . Retail Plan <2cr - 2.25%; >_2cr<5cr - 1.25%; >_5cr - Nil. . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load ......Retail Plan - For subscription of less than Rs 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above per purchase transaction, no exit load shall be charged, . . . . . . . . . . . . . . . . . . . . . . . , Institutional Plan: NilNo Entry Load for Direct Investments w.e.fJanuary 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . BSE 100 Index

PORTFOLiO OF RELiaNCE ViSiON FuNd

as on February 28, 2009Holdings Weightage (%)Equities 63.69Reliance Industries Ltd. 5.55

Laboratories Ltd. 5.47State Bank of India 4.83Hindustan Unilever Ltd. 4.45Maruti Suzuki India Ltd. 4.38Infosys Technologies Ltd. 4.32Housing Development Finance Cor Ltd 3.91Tata Consultancy Services Ltd. 3.12ICICI Bank Ltd. 3.02Reliance Communications Ltd 2.74Alstom Projects India Ltd. 2.57Reliance Infrastructure Limited 2.34Tata Steel Ltd. 1.96Cadila Healthcare Ltd. 1.76Larsen & Toubro Ltd. 1.55Indian Hotels Co. Ltd. 1.47Ranbaxy Laboratories Ltd. 1.24BajaJ Auto Limited 1.17Kingfisher Airlines Ltd 1.06Equity Less Than 1% Of Corpus 6.77Warrants, Preference Shares, derivatives, debt,Cash and Other Receivables 36.31Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.8787Standard Deviation 4.2926R Squared 0.9047Sharpe Ratio -0.0015Portfolio Turnover Ratio 2.02Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009)


Reliance Vision Fund-Growth Plan 124.6531Reliance Vision Fund-Bonus Plan 20.9345Reliance Vision Fund-Dividend Plan 26.0832Reliance Vision Fund-Institutional Growth 124.1076Reliance Vision Fund-Institutional Bonus 124.1076Reliance Vision Fund-Institutional Dividend 119.7169

ExPENSE RaTiO


diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaVFebruary 24, 2003 3.00 30 27.65 24.51June 25, 2003 2.50 25 30.51 28.01September 23, 2003 2.50 25 37.52 35.02December 3, 2003 4.50 45 46.04 42.02February 5, 2004 10.00 100 43.96 33.96June 4, 2004 3.00 30 29.36 26.19December 17, 2004 2.50 25 37.40 35.61March 28, 2005 5.00 50 38.02 32.36December 19, 2005 3.00 30 48.02 44.85March 28, 2006 7.50 75 54.43 47.39October 9, 2006 2.00 20 50.40 48.40October 26, 2007 3.00 30 67.06 47.79January 19, 2007 8.00 80 55.80 65.93March 14, 2008 7.00 70 51.89 41.52Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.

* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

NaV PERFORMaNCE OF RELiaNCE ViSiON FuNd vs BSE 100 iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -32.26 -39.611 Year -48.82 -52.413 Years -3.43 -5.735 Years 13.76 9.07Since Inception 20.72 7.86"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future.”


Reliance Vision FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based investment approach.

Equity


Fmcg

Auto Ancillaries

Construction

Retailing

Industrial Products

Oil



Transportation

Hotels

Ferrous Metals

Power

Telecom - Services


Finance

Petroleum Products

Diversified

Auto

Software

Banks

Pharmaceuticals

Grand Total 63.69

8.47

7.85

7.44

6.44

5.99

5.55

4.39

3.52

2.74

2.34

1.96

1.47

1.06

0.80

0.70

0.68

0.66

0.58

0.49

0.41

0.12

aSSET aLLOCaTiON

Equities63.69

Warrants, Preference Shares,Derivatives, Debt,Cashand Other Receivables

36.31

SECTOR aLLOCaTiON

figures in %

SiP RETuRN

as on February 27, 2009Period 1 year 3 years 5 years Since inceptionSIP Start Date 3/1/2008 3/1/2006 3/1/2004 10/8/1995Current NAV (As on 27/02/2009) 124.65 124.65 124.65 124.65Total No. of units accumulated 69.89 199.07 485.05 7042.92Total Amount Invested 12000.00 36000 60000 161000Present Value 8711.60 24814.61 60462.81 877922.36Yield -48.62% -23.18% 0.31% 23.02%Present Value if invested in Index 8381.52 23978.00 54942.28 320349.44Yield From Index -52.86% -25.17% -3.50% 9.73%

Assumptions:

a) Every SIP has an entry Load: till October 2004- 2% and from November 2004 2.25% has been consideredb) SIP of Rs 1000/- each has been taken into consideration including the first installement. SIP happen on 10th of every month.Also note that we have




FuNd daTa

Structure . . . Open-ended Diversified Equity SchemeDate of allotment: . . . . . . . . . . November 15, 2004Inception Date . . . . . . . . . . . . . November 16, 2004Corpus: 73.19 crore . . . . . . . . (February 28, 2009) Minimum Investment . . . . . . . . . . . . . . . . . Rs 5,000Fund Manager . . . . . . . . . . . . . . Omprakash KuckianEntry Load . . . . . . . . . . <2cr - 3%; >_2cr <5cr - 2%; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .>_5cr - NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . BSE 200 Index

PORTFOLiO OF RELiaNCE NRi EQuiTy FuNd

as on February 28, 2009Holdings Weightage (%)Equities 62.70Reliance Industries Ltd. 8.65Oracle Financial Serv Software Ltd 5.66Infosys Technologies Ltd. 5.05ICICI Bank Ltd. 4.48Larsen & Toubro Ltd. 4.19Biocon Limited 4.17Reliance Infrastructure Limited 4.03HDFC Bank Ltd. 3.65Divis Laboratories Ltd. 3.56Housing Development Finance Cor Ltd 3.48Sterlite Industries Ltd. 3.35Reliance Communications Ltd 3.19Moser Baer India Limited 2.72Pantaloon Retail (India) Ltd. 2.60Crompton Greaves Ltd. 2.55Hindustan Unilever Ltd. 1.07Equity Less Than 1% of Corpus 0.32derivatives,Cash and Other Receivables 37.30Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.9446Standard Deviation 4.5449R Squared 0.904Sharpe Ratio 0.0034Portfolio Turnover Ratio 1.93Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009)


Reliance NRI Equity Fund-Growth Plan 16.0485Reliance NRI Equity Fund-Bonus Plan 16.0485Reliance NRI Equity Fund-Dividend Plan 11.4914

ExPENSE RaTiO

Expense Ratio 2.47%

aMORTiSaTiON dETaiLS

unamortised amount (Rs.) TER (incl. of amortisation)4,470,416.21 3.09%

diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaVAugust 7, 2006 1.00 10.00 19.6692 18.6693January 29, 2007 2.50 25.00 23.9940 21.3911August 17, 2007 2.00 20.00 22.4467 20.7827March 14, 2008 1.50 15.00 21.3340 18.5803Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.


NaV PERFORMaNCE OF RELiaNCE NRi EQuiTy FuNd VS BSE 200 iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -29.76 -40.321 Year -49.66 -53.273 Years -3.30 -6.75Since Inception 11.60 6.93"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

Reliance NRI Equity FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate optimal returns by investing in equity and equity-related instruments primarily drawn from the companies in the BSE 200 Index.

Equity

Grand Total 62.70


Auto


Hardware

Retailing

Telecom - Services


Finance

Power

Diversified

Pharmaceuticals

Banks

Petroleum Products

Software 10.70

8.65

8.12

7.73

5.26

4.03

3.48

3.35

3.19

2.76

2.72

2.58

0.13

aSSET aLLOCaTiON

Equities62.70

Derivatives, Cash and Other Receivables37.30

SECTOR aLLOCaTiON

figures in %

Reliance Banking FundiNVESTMENT OBjECTiVE

The primary investment objective of the scheme is to generate continuous returns by actively investing in equity and equity-related or fixed-income securities of banks.

FuNd daTa

Structure . . . . . Open-ended Banking Sector SchemeDate of allotment . . . . . . . . . . . . . . May 26, 2003Inception Date . . . . . . . . . . . . . . . . . May 28, 2003Corpus: 568.06 crore . . . . . . . (February 28, 2009)Minimum Investment . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter . . . . . . . .Institutional Plan- Rs 5 cr and in multiples of Re. 1 thereafter Fund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaEntry Load . . . . . . . . . . Retail Plan - <2cr - 2.25%; . . . . . . . . . . . . . . . . . > _2cr <5cr - 1.25%;>_5cr - Nil . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - NilExit Load ...... Retail Plan-For subscription of less than Rs 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above per purchase transaction, no exit load shall be charged, . . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan- Nil

No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . S&P CNX Bank Index

PORTFOLiO OF RELiaNCE BaNKiNG FuNd

as on February 28, 2009Holdings Weightage (%)Equities 79.80State Bank of India 16.98ICICI Bank Ltd. 10.77Punjab National Bank 8.13Canara Bank 8.12Bank of Baroda 8.05HDFC Bank Ltd. 5.49Andhra Bank Ltd 4.05Corporation Bank 2.66Federal Bank Ltd. 2.52Oriental Bank Of Commerce 2.14Dena Bank 1.72Kotak Mahindra Bank Ltd. 1.70

contd...

SiP RETuRN

as on February 27, 2009Period 1 year 3 year Since inceptionSIP Start Date 3/1/2008 3/1/2006 11/16/2004Current NAV (As on 27/02/2009) 16.05 16.05 16.05Total No. of units accumulated 548.35 1523.16 2759.12Total Amount Invested 12000.00 36000 52000Present Value 8800.25 24444.43 44279.73Yield -47.46% -24.06% -7.31%Present Value if invested in Index 8333.47 23566.00 40973.79Yield From Index -53.46% -26.17% -10.79%Assumptions:






FuNd daTa

Structure . . . . . . Open-ended Power Sector SchemeDate of allotment: . . . . . . . . . . . . . . . .May 8, 2004Inception Date . . . . . . . . . . . . . . . . . May 10, 2004Corpus: . . . . . . 3319.32 crore (February 28, 2009)Minimum Investment . . . Retail Plan - Rs 5,000 & in multiples of Re 1 thereafter , IP Plan - Rs 5 cr & in multiples of Re 1 thereafter Fund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaEntry Load . . . . . . . . . . Retail Plan - <2cr - 2.25%; >_2cr <5cr - 1.25%; >_5cr - Nil . . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan- NilExit Load . ...... Retail Plan - For Subscriptions of less than Rs 5 Crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment. - Nil if redeemed/switched after completion of 1 year from the date of allotment. For subscription of Rs 5 Crs and above per purchase transaction, no exit load shall be charged . . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan- NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . India Power Index

PORTFOLiO OF RELiaNCE diVERSiFiEd POWER SECTOR FuNd

as on February 28, 2009

Holdings Weightage (%)Equities 55.77Reliance Industries Ltd. 3.82Reliance Infrastructure Limited 3.77Jindal Steel & Power Ltd. 3.59Tata Power Co. Ltd. 3.40Torrent Power Limited 2.90ICICI Bank Ltd. 2.89

State Bank Of India 2.69Oil & Natural Gas Corporation Ltd. 2.44PTC India Limited 2.33Rural Electrification Corp Ltd 2.01Cummins India Ltd. 1.98Jaiprakash Associates Ltd. 1.87ABB Ltd. 1.80Bharat Heavy Electricals Ltd. 1.69Larsen & Toubro Ltd. 1.64Siemens Ltd. 1.40Areva T & D India Ltd 1.33Crompton Greaves Ltd. 1.32Alstom ProjectS India Ltd. 1.27Punj Lloyd Ltd. 1.16Equity Less Than 1% Of Corpus 10.49derivatives,debt,Cash and Other Receivables 44.23Grand Total 100.00

VOLaTiLiTy MEaSuRES


Reliance Diversified Power Sector FundiNVESTMENT OBjECTiVE

The primary investment objective of the scheme is to seek to generate continuous returns by actively investing in equity and equity-related or fixed-income securities of Power and other associated companies.

aSSET aLLOCaTiONfigures in %

Equity Jammu & Kashmir Bank Limited 1.64Reliance Capital Ltd. 1.19Equity Less Than 1% of Corpus 4.65Cash and Other Receivables 20.20Grand Total 100.00

VOLaTiLiTy MEaSuRES



Reliance Banking Fund- Retail Growth Plan 33.3958Reliance Banking Fund- Retail Bonus Plan 33.3958Reliance Banking Fund- Retail Dividend Plan 14.3839Reliance Banking Fund- Institutional Growth Plan 33.3958Reliance Banking Fund- Institutional Bonus Plan 33.3958Reliance Banking Fund- Institutional Dividend Plan 33.3958

ExPENSE RaTiO

Retail 2.14%

diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaVMarch 28, 2005 3.00 30.00 23.26 19.94December 29, 2005 4.00 40.00 25.05 21.35March 30, 2006 5.00 50.00 21.16 16.32February 21, 2007 2.00 20.00 19.57 17.24November 5, 2007 2.00 20.00 27.85 25.85Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

NaV PERFORMaNCE OF RELiaNCE BaNKiNG FuNd VS S&P CNx BaNK iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -31.02 -33.771 Year -45.37 -55.913 Years 2.35 -5.175 Yrs 14.67 8.32Since Inception 23.16 16.96"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

aSSET aLLOCaTiON

Equities79.80

Cash andOther Receivables

20.20

figures in %

contd...

Equities55.77

Debt, Derivatives,Cash and

Other Receivables44.23


Equity NaV aS ON FEBRuaRy 27, 2009 RS

Reliance Diversified Power Sector Fund- Growth Plan 37.7947Reliance Diversified Power Sector Fund- Bonus Plan 37.7947Reliance Diversified Power Sector Fund- Dividend Plan 25.3458Reliance Diversified Power Sector Fund- Institutional Growth Plan 36.9384Reliance Diversified Power Sector Fund- Institutional Bonus Plan 36.9384Reliance Diversified Power Sector Fund- Institutional Dividend Plan 36.9384

ExPENSE RaTiO


diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaVDecember 29, 2005 4.00 40.00 22.7957 18.9886February 21, 2007 2.50 25.00 30.4120 27.4754August 17, 2007 3.00 30.00 35.0854 32.5381March 28, 2008 1.50 15.00 44.8514 42.1742Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

NaV PERFORMaNCE OF RELiaNCE diVERSiFiEd POWER SECTOR FuNd VS iNdia POWER iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -33.74 -20.841 Year -46.90 -40.423 Years 13.02 3.52Since Inception 31.83 16.64Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future

FuNd daTa

Structure . . . . . Open-ended Pharma Sector SchemeDate of Allotment . . . . . . . . . . . . . . . .June 5, 2004Inception Date . . . . . . . . . . . . . . . . . . June 8, 2004Corpus . . . . . . . . . 79.97 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . . . . . . . Rs 5,000 Fund Manager . . . . . . . . . . . . . . . . .Sailesh Raj BhanEntry Load . . . . . <2cr - 2.25%; >_2cr <5cr - 1.25%; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .>_5cr - NilExit Load ...... For subscription of less than Rs 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above per purchase transaction, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . BSE - Health Care Index

PORTFOLiO OF RELiaNCE PHaRMa FuNd

as on February 28, 2009Holdings Weightage (%)Equities 92.01FDC Ltd. 11.83Aventis Pharma Ltd. 11.13Divis Laboratories Ltd. 9.23Lupin Ltd. 8.19Cipla Ltd. 7.19Fulford India Limited 6.28Torrent Pharmaceuticals Limited 6.09Aurobindo Pharma Ltd. 5.17Indoco Remedies Limited 5.08Ranbaxy Laboratories Ltd. 5.06Sun Pharma Advance Research Co Ltd 4.38Piramal Healthcare Limited 3.96Glenmark Pharmaceuticals Ltd 3.62Venus Remedies Limited 2.24Ankur Drugs And Pharma Ltd. 1.93Equity Less Than 1% Of Corpus 0.65Cash and Other Receivables 7.99Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.7055Standard Deviation 4.2424R Squared 0.6Sharpe Ratio -0.0161Portfolio Turnover Ratio 0.89Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009)


Reliance Pharma Fund-Growth Plan 17.5109Reliance Pharma Fund-Bonus Plan 17.5109Reliance Pharma Fund-Dividend Plan 13.8812

ExPENSE RaTiO

Expense Ratio 2.47%

diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaVDecember 19, 2005 1.00 10.00 16.8681 15.8674February 21, 2007 1.50 15.00 19.1030 17.5537March 19, 2008 1.50 15.00 17.5487 15.9285Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.


NaV PERFORMaNCE OF RELiaNCE PHaRMa FuNd VS BSE - HEaLTH CaRE iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -27.54 -39.531 Year -25.27 -32.653 Years -2.88 -10.10Since Inception 12.57 3.13"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

aSSET aLLOCaTiON

Equities92.01

Debt, Cash and


figures in %

Reliance Pharma FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities of Pharma and other associated companies.


FuNd daTa

Structure . . . . . Open-ended Media & Entertainment Sector SchemeDate of allotment: . . . . . . . . . .September 30, 2004Inception Date . . . . . . . . . . . . . . . . October 7, 2004Corpus . . . . . . . . . 96.61 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . . . . . . . Rs 5,000 Fund Manager . . . . . . . . . . . . . . . . .Sailesh Raj BhanEntry Load . . . . . <2cr - 2.25%; >_2cr <5cr - 1.25%; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .>_5cr - NilExit Load ......For subscriptions of less than Rs 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, Nil if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above per purchase transaction, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . S&P CNX Media & Entertainment Index

PORTFOLiO OF RELiaNCE MEdia & ENTERTaiNMENT FuNd

as on February 28, 2009Holdings Weightage (%)Equities 74.50ZEE News Limited 12.17Jagran Prakashan Ltd 11.72Dish TV India Limited 11.41Zee Entertainment Enterprises Ltd 10.29Sun TV Network Limited 7.24Network 18 Media and Investments Ltd. 5.33Television Eighteen India Ltd. 5.31Hinduja Ventures Ltd. 3.89Balaji Telefilms Ltd. 3.53UTV Software Communications Ltd. 1.71Equity Less Than 1% of Corpus 1.90Warrants,Preference Shares,Cash and Other Receivables 25.50Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.86Standard Deviation 5.0137R Squared 0.6368Sharpe Ratio -0.0105Portfolio Turnover Ratio 0.37Note: The above measures have been calculated by taking rolling return for

a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as

91days T-bill yield as on 27/02/2009)


Reliance Media & Entertainment Fund- Growth Plan 13.2834Reliance Media & Entertainment Fund- Bonus Plan 13.2834Reliance Media & Entertainment Fund- Dividend Plan 10.3781

ExPENSE RaTiO

Expense Ratio 2.41%


unamortised amount (Rs.) TER (incl. of amortisation)839,994.28 2.49%

diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaV

December 29, 2005 1.00 10.00 15.3538 14.5695January 29, 2007 2.50 25.00 23.2086 20.2771March 28, 2008 1.50 15.00 23.3321 21.6013Past performance may or may not be sustained in the future; Dividend

distribution is subject to availability & adequacy of distributable surplus. The

Mutual Fund is not assuring that it will make periodical dividend

distributions, though it has every intention of doing so. After the payment of

dividend, the per unit NAV falls to the extent of the dividend payout and

distribution taxes, if any.

* NAV on the 1st transaction day after Record Date, which includes the

mark to market impact also.

NaV PERFORMaNCE OF RELiaNCE MEdia & ENTERTaiNMENT FuNd VS S&P CNx MEdia & ENTERTaiNMENT iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -42.90 -50.641 Year -58.70 -64.483 Years -7.68 -12.68Since Inception 6.65 -2.15"Returns are of Growth Plan. Returns less than one year are absolute returns

and returns more than one year are compounded annualized returns.

Calculations assume all payouts during the period have been reinvested in

the units of the scheme at the prevailing NAV. Past performance may or

may not be sustained in the future."

Equity

Reliance Media & Entertainment FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate continuous returns by investing in equity and equity-related or fixed-income securities of Media & Entertainment and other associated companies.

aSSET aLLOCaTiON

Warrants, Preference Shares,Cash and


Equities74.50

figures in %


Equity


Grand Total 80.28


Auto Ancillaries

Auto

Textile Products

Cement

Chemicals

Telecom - Services

Industrial Products

Ferrous Metals

Finance


Petroleum Products

Retailing


Software

Banks

Pharmaceuticals 20.52

11.51

9.82

8.86

5.78

4.64

4.15

3.96

2.38

2.10

1.61

1.34

1.24

1.14

0.75

0.41

0.05

aSSET aLLOCaTiON

Equities80.28

Warrants,Derivatives,Debt,Cash and


figures in %

Reliance Equity Opportunities FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity-related securities and the secondary objective is to generate consistent returns by investing in Debt and Money Market securities.

FuNd daTa

Structure . . . Open-ended Diversified Equity SchemeDate of allotment . . . . . . . . . . . . . March 28, 2005Inception Date . . . . . . . . . . . . . . . . March 31, 2005 Corpus . . . . . . . . 966.29 crore (February 28, 2009)Minimum Investment . . . . Retail Plan- Rs 5,000 and in multiples of Re 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . IP Plan- Rs 5 cr and in multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . .Sailesh Raj BhanEntry Load . . . . . . . . . . . . Retail Plan <2cr - 2.25%; >_2cr <5cr - 1.25%; >_5cr - Nil . . . . . . . . . . . . . . . . . . . . . Institutional Plan (IP): NilExit Load ......Retail Plan - For subscription of less than Rs 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, Nil if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above per purchase transaction, no exit load shall be charged, Institutional Plan . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . BSE 100 Index

PORTFOLiO OF RELiaNCE EQuiTy OPPORTuNiTiES FuNd

as on February 28, 2009Holdings Weightage (%)Equities 80.28Divis Laboratories Ltd. 7.08Areva T & D India Ltd 6.07Aventis Pharma Ltd. 5.32State Bank of India 5.26Tata Consultancy Services Ltd. 5.25Reliance Industries Ltd. 4.64Housing Development Finance Cor Ltd 3.96Wyeth Ltd. 3.32Trent Limited 3.22HCL Technologies Ltd. 3.11ICICI Bank Ltd. 3.05Aurobindo Pharma Ltd. 2.40Pantaloon Retail (India) Ltd. 2.37Bank of Baroda 2.28Cummins India Ltd. 2.10Unichem Laboratories Limited 2.06Alstom Projects India Ltd. 1.88Reliance Communications Ltd 1.61Jindal Saw Ltd. 1.49Micro Inks Ltd. 1.34ZEE News Limited 1.33Dish TV India Limited 1.27Rain Commodities Limited 1.24Raymond Ltd. 1.14Hinduja Ventures Ltd. 1.11ZEE Entertainment Enterprises Ltd 1.11Equity Less Than 1% of Corpus 5.25Warrants,derivatives,debt,Cash and Other Receivables 19.72Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.8869Standard Deviation 4.4387R Squared 0.8606Sharpe Ratio -0.0165Portfolio Turnover Ratio 0.98Note: The above measures have been calculated by taking rolling

return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns

(takan as 91days T-bill yield as on 27/02/2009)


Reliance Equity Opportunities Fund- Growth Plan 12.3089Reliance Equity Opportunities Fund- Bonus Plan 12.3089Reliance Equity Opportunities Fund- Dividend Plan 9.8334Reliance Equity Opportunities Fund- Institutional Growth 12.3089Reliance Equity Opportunities Fund- Institutional Bonus 12.3089Reliance Equity Opportunities Fund- Institutional Dividend 12.3089

ExPENSE RaTiO

Retail 1.95%



diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaV

August 7, 2006 1.00 10.00 16.41 15.41February 1, 2007 1.50 15.00 20.88 19.53March 19, 2008 1.50 15.00 18.19 16.56Past performance may or may not be sustained in the future; Dividend

distribution is subject to availability & adequacy of distributable surplus. The

Mutual Fund is not assuring that it will make periodical dividend distributions,

though it has every intention of doing so. After the payment of dividend, the

per unit NAV falls to the extent of the dividend payout and distribution taxes,

if any.

* NAV on the 1st transaction day after Record Date, which includes the mark

to market impact also.

NaV PERFORMaNCE OF RELiaNCE EQuiTy OPPORTuNiTiES FuNd VS BSE 100 iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -37.68 -39.611 Year -51.78 -52.413 Years -7.95 -5.73Since Inception 5.62 6.87"Returns are of Growth Plan. Returns less than one year are absolute returns


Calculations assume all payouts during the period have been reinvested in the

units of the scheme at the prevailing NAV. Past performance may or may not

be sustained in the future."


SECTOR aLLOCaTiON


FuNd daTa

Structure . . . . . . . . . . . . . . . . .Open-ended SchemeDate of allotment . . . . . . . . . . . . . . . .June 8, 2005Inception Date . . . . . . . . . . . . . . . . . . .June 9, 2005Corpus . . . . . Rs. 572.23 crore (February 28, 2009)Minimum Investment . . . Rs 500 & in multiples of Re 1Fund Manager . . . . . . . . . . . . . . Omprakash KuckianEntry Load . . . . . <2cr - 2.25%; >_2cr <5cr - 1.25%; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .>_5cr - NilExit Load ......For subscriptions of less than Rs 5 crs per purchase transactions - 1% if redeemed/switched on or before completion of 1 year from the date of allot-ment, Nil if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . BSE 100 Index

PORTFOLiO OF RELiaNCE REGuLaR SaViNGS FuNd – EQuiTy OPTiON

as on February 28, 2009Holdings Weightage (%)Equities 72.31Reliance Industries Ltd. 6.64State Bank of India 3.58Tata Consultancy Services Ltd. 3.38Jain Irrigation Systems Ltd. 3.18HDFC Bank Ltd. 3.11DIVIS Laboratories Ltd. 3.04Mphasis Limited 3.02Bharat Electronics Ltd. 3.01ICICI Bank Ltd. 2.86Reliance Communications Ltd 2.72Infosys Technologies Ltd. 2.69Reliance Infrastructure Limited 2.57Oil & Natural Gas Corporation Ltd. 2.42United Phosphorus Ltd. 2.32ITC Ltd 2.24Radico Khaitan Ltd 1.98Biocon Limited 1.96Bank of Baroda 1.92Indian Bank 1.51PratIbha Industries Limited 1.37India Infoline Ltd. 1.36Alembic Limited 1.36Hindalco Industries Ltd. 1.35Sterlite Industries Ltd. 1.28Zuari Industries Ltd 1.14Torrent Pharmaceuticals Limited 1.02Areva T & D India Ltd 1.00Equity Less Than 1% Of Corpus 8.30derivatives,debt,Cash and Other Receivables 27.69Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.9097Standard Deviation 4.6459R Squared 0.8192Sharpe Ratio 0.0439Portfolio Turnover Ratio 2.14Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns.


Reliance RSF Equity Plan-Growth Plan 12.1279

ExPENSE RaTiO

Expense Ratio 2.19% NaV PERFORMaNCE OF RELiaNCE REGuLaR SaViNGS - EQuiTy OPTiON FuNd VS BSE 100 iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -39.09 -39.611 Year -52.62 -52.413 yrs 5.60 -5.73Since Inception 5.25 5.72"Returns are of Growth Plan. Returns less than one year are absolute returns






Reliance Regular Savings Fund (Equity Option)

iNVESTMENT OBjECTiVE

The primary investment objective of this option is to seek capital appreciation and/or to generate consistent returns by actively investing in equity and equity-related securities.

Equity

Grand Total 72.31


Diversified


Chemicals

Transportation

Textile Products

Ferrous Metals

Fertilisers

Construction

Finance

Pesticides

Power


Telecom - Services

Oil

Industrial Products



Petroleum Products

Pharmaceuticals

Software

Banks 12.99

9.67

7.37

6.64

5.29

5.20

3.38

3.05

2.72

2.63

2.57

2.32

1.99

1.90

1.14

0.84

0.77

0.73

0.51

0.48

0.13

aSSET aLLOCaTiON

Derivatives, Debt, Cash and Other Receivables

27.69

Equities72.31

SECTOR aLLOCaTiON

figures in %

SiP RETuRN

as on February 27, 2009Period 1 year 3 years Since inceptionSIP Start Date 3/1/2008 3/1/2006 6/9/2005Current NAV (As on 27/02/2009) 12.13 12.13 12.13Total No. of units accumulated 683.39 2214.02 3085.44Total Amount Invested 12000.00 36000 45000Present Value 8288.08 26851.39 37419.92Yield -54.03% -18.50% -9.61%Present Value if invested in Index 8381.52 23978.00 33195.04Yield From Index -52.86% -25.17% -15.67%Assumptions:





FuNd daTa

Structure . . . . . . . . . . . . . . . . .Open-ended SchemeDate of allotment . . . . . . . . . . . . . . . .June 8, 2005Inception Date . . . . . . . . . . . . . . . . . . .June 9, 2005Corpus . . . . . .Rs. 20.98 crore (February 28, 2009)Minimum Investment . . . Rs 500 & in multiples of Re 1Fund Manager . Arpit Malaviya & Omprakash KuckianEntry Load . . . . . . . .<2cr - 2.25%; >_2cr <5cr - 1%; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .>_5cr - NilExit Load ......For subscriptions of less than Rs 5 crs per purchase transactions - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, Nil if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above, no exit load shall be charged, No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . Crisil Balanced Fund Index

PORTFOLiO OF RELiaNCE REGuLaR SaViNGS FuNd – BaLaNCEd OPTiON

as on February 28, 2009Holdings Weightage (%)Equities 63.22Reliance Industries Ltd. 6.03Sterlite Industries Ltd. 5.84Bank of Baroda 5.25Siemens Ltd. 5.19ICICI Bank Ltd. 4.68TATA Consultancy Services Ltd. 4.61Century Textiles & Industries Ltd. 4.27United Phosphorus Ltd. 4.22Divis Laboratories Ltd. 4.14Reliance Communications Ltd 3.70Cadila Healthcare Ltd. 3.52Federal Bank Ltd. 2.96Television Eighteen India Ltd. 2.94Suzlon Energy Ltd. 2.91Larsen & Toubro Ltd. 2.72Equity Less Than 1% Of Corpus 0.24Cash and Other Receivables 36.78Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.9292Standard Deviation 2.9206R Squared 0.7387Sharpe Ratio -0.0029Portfolio Turnover Ratio 2.51Note: The above measures have been calculated by taking rolling return for a 3 year period from 27/02/2006 with 4.75% Risk Free returns.


Reliance RSF Balanced Plan-Growth Plan 9.8648

ExPENSE RaTiO

Expense Ratio 2.25%

NaV PERFORMaNCE OF RELiaNCE REGuLaR SaViNGS FuNd - HyBRid OPTiON vs CRiSiL MiP BLENdEd iNdEx

as on January 12, 2007Period % Change % Change in NaV in index1 Year 13.88 26.35Since Inception 10.83 26.50Inception date: 09/06/2005

Reliance Regular Savings Fund - Hybrid Option was launched on June 9, 2005 and subsequently Hybrid Option has been changed to Balanced Option w.e.f. January 13, 2007.

NaV PERFORMaNCE OF RELiaNCE REGuLaR SaViNGS FuNd - BaLaNCEd OPTiON VS CRiSiL MiP BLENdEd iNdEx

Performance for the period from January 13, 2007 to February 20, 2007Period (as above) % Change % Change in NaV in index (1.000) (0.005)Inception date: 13/01/2007Reliance Regular Savings Fund - Hybrid Option was launched on June 9, 2005 and subsequently (w.e.f January 13, 2007) Hybrid Option has been renamed as Reliance Regular Savings Fund - Balanced Option.”

Past performance may or may not be sustained in the future. Absolute Returns of the Growth Plan since Option has not completed one year.

NaV PERFORMaNCE OF RELiaNCE REGuLaR SaViNGS FuNd - BaLaNCEd OPTiON vs CRiSiL BaLaNCEd FuNd iNdEx ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -24.97 -21.231 Year -34.19 -30.75Since Inception -7.33 -7.25Inception date: 13/01/2007

"Returns are of Growth Plan. Returns less than one year are absolute

returns and returns more than one year are compounded annualized returns.




Benchmark of Reliance Regular Savings Fund Balanced option has been

changed to Crisil Balanced Fund Index from Crisil MIP Index with effect

from 21st Feb 08


Reliance Regular Savings Fund (Balanced Option)


The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments and fixed income instruments.

Equity

Grand Total 63.22


FMCGDiversified

Media & EntertainmentTelecom - Services

PesticidesCement

SoftwareNon - Ferrous Metals

Petroleum ProductsPharmaceuticals

Industrial Capital GoodsBanks 12.89

8.10

7.66

6.03

5.84

4.61

4.27

4.22

3.702.94

2.72

0.24

aSSET aLLOCaTiON

Equities63.22


36.78

SECTOR aLLOCaTiON

figures in %


FuNd daTa

Structure . . .Open-ended Equity Linked Savings SchemeDate of allotment . . . . . . . . . .September 21, 2005Inception Date . . . . . . . . . . . . .September 22, 2005Corpus . . . . . Rs 1216.94 crore (February 28, 2009)Minimum Investment . . . . . . . Rs 500 & in multiples . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . of Rs 500Fund Manager . . . . . . . . . . . . . . . . . Ashwani KumarEntry Load . . . . . <2cr - 2.25%; >_2cr <5cr - 1.25%; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .>_5cr - NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . BSE 100 Index

PORTFOLiO OF RELiaNCE Tax SaVER (ELSS) FuNd

as on February 28, 2009Holdings Weightage (%)Equities 74.14Areva T & D India Ltd 5.20Reliance Industries Ltd. 5.20State Bank Of India 5.08Tata Consultancy Services Ltd. 3.62Cipla Ltd. 3.58Hindustan Unilever Ltd. 3.02Housing Development Finance Cor Ltd 2.89Pfizer Ltd. 2.81Maruti Suzuki India Ltd. 2.54Divis Laboratories Ltd. 2.52Eicher Motors Ltd. 2.51Glenmark Pharmaceuticals Ltd 2.50KSB Pumps Ltd. 2.44ICICI Bank Ltd. 2.31Tata Steel Ltd. 2.24Cummins India Ltd. 1.99United Phosphorus Ltd. 1.97Wipro Ltd. 1.84

Bank Of Baroda 1.81Triveni Engeering And InDustries Ltd. 1.59Century Textiles & Industries Ltd. 1.58Kingfisher Airlines Ltd 1.29Asahi India Glass Limited 1.24Sun TV Network Limited 1.19United Breweries Ltd 1.13IBN18 Broadcast Ltd. 1.10Infosys Technologies Ltd. 1.01Equity Less Than 1% Of Corpus 7.94Preference Shares,derivatives,debt, Cash and Other Receivables 25.86Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.8396Standard Deviation 4.41R Squared 0.7884Sharpe Ratio -0.0321Portfolio Turnover Ratio 2.13Note: The above measures have been calculated by taking rolling return for

a 3 year period from 27/02/2006 with 4.75% Risk Free returns (takan as

91days T-bill yield as on 27/02/2009)


Reliance Tax Saver Fund-Growth Plan 9.0318Reliance Tax Saver Fund-Dividend Plan 7.9173

ExPENSE RaTiO

Expense Ratio 1.93%

Reliance Tax Saver (ELSS) FundiNVESTMENT OBjECTiVE 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.

aSSET aLLOCaTiON

Equities74.14

Preference Shares,Debt, Cash and


figures in %

FuNd daTa

Structure . . . . . . . . . . . . . . . . .Open-ended SchemeDate of allotment . . . . . . . . . . . . . . . .June 8, 2005Inception Date . . . . . . . . . . . . . . . . . . .June 9, 2005Corpus . . . . . . . Rs 1.87 crore (February 28, 2009)Minimum Investment . . Rs 500 & in multiples of Re 1Fund Manager . . . . . . . . . . . . . . . . . . Arpit MalaviyaWeighted Average YTM . . . . . . . . . . . . . . . 6.19%Modified Duration . . . . . . . . . . . . . . . . . . 3.48 YearsWeighted Average Maturity . . . . . . . . . . 5.14 YearsEntry Load . . . . . . . . . . . . . . . . Nil (For all amounts)Exit Load . . . . . . . . . . . . . . . . . Nil (For all amounts)No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . Crisil Composite Bond Fund Index

PORTFOLiO OF RELiaNCE REGuLaR SaViNGS FuNd - dEBT OPTiON

as on February 28, 2009Holdings Rating Weightage (%)Govt Securities(GSE) 40.297.59% GOI (MD 12/04/2016) Sovereign 37.5210.95% GOI 2011 (MD (30.05.2011) Sovereign 1.808.33% GOI 2036 (07/06/2036) Sovereign 0.98Non Convertible debentures. 29.73State Bank of Hyderabad AAA 15.55I L & F S Ltd. AAA(IND) by FITCH 8.77National Bank for Agri. & Rural Dev AAA 5.41Cash and Other Receivables 29.97Grand Total 100.00

MaTuRiTy PROFiLE

Holding Weightage (%)Above 4 Years 62.82%Cash & Other Receivables 29.97%Between 1 - 2 Years 5.41%Between 2 - 4 Years 1.80%Grand Total 100.00%

RaTiNG PROFiLE

Holding Weightage (%)Sovereign 40.29%AAA 29.73%Cash & Other Receivables 29.97%Grand Total 100.00%


Reliance RSF Debt Plan-Growth Plan 11.5588

ExPENSE RaTiO

Expense Ratio 1.74%

NaV PERFORMaNCE OF RELiaNCE REGuLaR SaViNGS FuNd - dEBT OPTiON VS CRiSiL COMPOSiTE BONd FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months 1.53 8.451 Year 5.24 7.823 yrs 4.11 6.47Since Inception 3.89 5.81"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."


Reliance Regular Savings Fund (Debt Option)


The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments.

Equity

Government of India40.29

Cash & Other Receivables

29.97

Banks15.55

Finance8.77

Financial Institutions5.41

figures in %

aSSET aLLOCaTiON

contd...


Equity

Grand Total 74.14


FMCG

Retailing

Engineering

Textiles - Cotton

Financial Services

Hardware

Textile

Transportation

Cement

Pesticides

Ferrous Metals

Auto Ancillaries

Finance


Diversified


Petroleum Products

Industrial Products

Auto


Software

Banks


9.20

7.48

6.11

5.90

5.57

5.20

3.52

3.02

2.99

2.89

2.77

2.24

1.97

1.58

1.29

0.41

0.29

0.14

0.14

0.03

0.00

0.00

SECTOR aLLOCaTiON



diVidENd uPdaTE

date Rate (per Cum *Ex- (Re/ unit) dividend dividend unit) % NaV NaVFebruary 21, 2007 1.00 14.69 10 13.52November 5, 2007 1.00 17.08 10 16.08Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also

NaV PERFORMaNCE OF RELiaNCE Tax SaVER (ELSS) FuNd VS BSE 100 iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -29.99 -39.611 Year -45.57 -52.413 years -9.05 -5.73Since Inception -2.78 1.09"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

FuNd daTa

Structure . . . Open-ended Diversified Equity SchemeDate of allotment . . . . . . . . . . . . . March 28, 2006Inception Date . . . . . . . . . . . . . . . . March 30, 2006Corpus . . . . Rs. 1570.11 crore (February 28, 2009)Minimum Investment . . . . Retail Plan- Rs 5,000 and in multiples of Re 1 thereafter . . . . . . . . . . . . . Institutional Plan (IP)- Rs 5 cr and in multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaEntry Load . . . . . . . . . . . . Retail Plan <2cr - 2.25%; >_2cr <5cr - 1.25%; >_5cr - Nil . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load . . ......Retail Plan - For subscriptions of less than Rs 5 crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment, NIL if redeemed/switched after completion of 1 year from the date of allotmentFor subscription of Rs 5 crs and above per purchase transaction, no exit load shall be charged, . . . . . . . . . . . . . . . . . . . . . . . , Institutional Plan: NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . .S&P CNX Nifty

PORTFOLiO OF RELiaNCE EQuiTy FuNd

as on February 28, 2009Holdings Weightage (%)Equities 60.31Divis Laboratories Ltd. 6.61State Bank of India 6.45Cipla Ltd. 3.70Reliance Industries Ltd. 3.69Maruti Suzuki India Ltd. 3.62Reliance Communications Ltd 3.34Tata Consultancy Services Ltd. 3.08ICICI Bank Ltd. 2.87Reliance Infrastructure Limited 2.83HCL Technologies Ltd. 2.72Mahanagar Telephone Nigam Ltd. 2.62Grasim Industries Ltd. 2.62Punj Lloyd Ltd. 2.52

Zee Entertainment Enterprises Ltd 2.43Oil & Natural Gas Corporation Ltd. 2.28Bharti Airtel Ltd. 1.91Jindal Steel & Power Ltd. 1.76Punjab NaTional Bank 1.68ITC Ltd 1.59Equity Less Than 1% of Corpus 1.98Cash and Other Receivables 39.69Grand Total 100.00derivatives (Figures as a % Of Equity Corpus) Futures Total Long Futures 9.18Total Short Futures -2.87Sub Total Of Futures 6.31Options Total Call Written Notional Value* -2.85Total Call Bought Notional Value* 1.43Total Put Bought Notional Value* -1.43Total Put Written Notional Value* 1.43Sub Total Of Options -1.42*Not considered while calculating the NAV of the fund

VOLaTiLiTy MEaSuRES

Beta 0.7422Standard Deviation 3.6041R Squared 0.9232Sharpe Ratio -0.0283Portfolio Turnover Ratio 2.01Note: The above measures have been calculated by taking rolling

return since inception with 4.75% Risk Free returns (takan as 91days T-bill

yield as on 27/02/2009)

Reliance Equity FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio constituted of equity and equity related securities of top 100 companies by market capitalization and 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.

contd...

aSSET aLLOCaTiON

Equities60.31


39.69

figures in %


Equity



Retailing


Ferrous Metals

Oil


Construction

Cement

Power

Auto

Petroleum Products

Software

Telecom - Services

Pharmaceuticals

Banks

Grand Total 60.31

11.00

10.65

7.87

5.80

3.69

3.62

2.83

2.62

2.52

2.43

2.28

1.76

1.59

1.01

0.63

SECTOR aLLOCaTiON


Reliance Equity Fund-Growth Plan 8.6411Reliance Equity Fund-Bonus Plan 8.6411Reliance Equity Fund-Dividend Plan 8.6411Reliance Equity Fund-Institutional Growth 8.6411Reliance Equity Fund-Institutional Bonus 8.6411Reliance Equity Fund-Institutional Dividend 8.6411

ExPENSE RaTiO

Retail 1.84%



NaV PERFORMaNCE OF RELiaNCE EQuiTy FuNdVS S&P CNx NiFTy aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -30.55 -35.611 Year -41.57 -47.45Since Inception -5.37 -7.03"Returns are of Growth Plan. Returns less than one year are absolute returns






Charges upto Rs. 3/sms. No. 1 in terms of AAUM as on 31st January 2009. Source:amfiindia.comSponsor: 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.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 the Scheme can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. 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. 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 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.



FuNd daTa

Structure . . . . . A 36-months close ended diversified equity fund with an automatic conversion into an open-ended scheme on expiry of 36 months from the date of allotmentDate of allotment . . . . . . . . . . December 26, 2006Inception Date . . . . . . . . . . . . . December 27, 2006 Corpus . . . . . Rs 1222.60 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . . . . . . . Rs 5,000Fund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N.A.Exit Load . . . . . . . . . . . If redeemed/ switched before completion of 12 months from the date of allotment: 4%. If redeemed/ switched between 12 months - 1 day and on or before completion of 24 months from the date of allotment:3%.If redeemed/ switched between 24 months - 1 day and on or before completion of 36 months from the date of allotment:2%Load Structure: . . . . . . . . . On Conversion into open ended schemeEntry Load . . . . . <2cr - 2.25%; >_2cr <5cr - 1.25%; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .>_5cr - NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . BSE 200 Index

PORTFOLiO OF RELiaNCE LONG-TERM EQuiTy FuNd

as on February 28, 2009Holdings Weightage (%)Equities 70.95Bank of Baroda 5.98Piramal Healthcare Limited 5.45Zee Entertainment Enterprises Ltd 3.32Maruti Suzuki India Ltd. 3.21India Cements Ltd. 3.21Novartis India Ltd. 3.20JSL Limited 2.31Rallis India Ltd. 2.31Adani Enterprises Limited 2.14Wyeth Ltd. 2.13Andhra Bank Ltd 1.97Gujarat Narmada Valley Fertilisers Co. Ltd. 1.92Corporation Bank 1.91EIH Limited 1.74Oriental Hotels Limited 1.69United Phosphorus Ltd. 1.57Astra Microwave Products Ltd 1.39Marico Ltd 1.37Unichem Laboratories Limited 1.37Bombay Rayon Fashions Ltd. 1.35Glenmark Pharmaceuticals Ltd 1.18Aventis Pharma Ltd. 1.10Nirma Ltd. 1.05Abbott India Ltd 1.02Equity Less Than 1% of Corpus 17.04derivatives,debt,Cash and Other Receivables 29.05Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.6809Standard Deviation 3.8487R Squared 0.7611Sharpe Ratio -0.077Portfolio Turnover Ratio 0.64Note: The above measures have been calculated by taking rolling return since inception with 4.75% Risk Free returns (takan as 91days T-bill yield as on 27/02/2009)


Reliance Long Term Equity Fund - Growth Plan 6.7681Reliance Long Term Equity Fund - Dividend Plan 6.7681

ExPENSE RaTiO

Expense Ratio 1.89%



NaV PERFORMaNCE OF RELiaNCE LONG TERM EQuiTy FuNd vs BSE 200 iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -36.58 -40.321 year -47.37 -53.27Since Inception -17.03 -19.08"Returns are of Growth Plan. Returns less than one year are absolute returns


Calculations assume all payouts during the period have been reinvested in the

units of the scheme at the prevailing NAV. Past performance may or may not

be sustained in the future."

Reliance Long-Term Equity FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and Derivatives and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Equity


Power

Finance

Textiles - Synthetic

Auto Ancillaries

Petroleum Products

Industrial Equipment

Construction

Telecom - Services

Consumer Durables

Transportation

Software



Textile Products

Fertilisers

Trading

Ferrous Metals

Industrial Products

Auto

Hotels

Cement

Pesticides



Banks

Pharmaceuticals

Grand Total 70.95

15.81

10.46

4.75

4.72

3.88

3.70

3.44

3.21

3.15

3.09

2.14

1.92

1.89

1.52

1.39

1.31

0.96

0.92

0.71

0.63

0.44

0.41

0.27

0.20

0.03

0.00

aSSET aLLOCaTiON

Equities70.95

Derivatives, Debt, Cash andOther Receivables

29.05

SECTOR aLLOCaTiON

figures in %


FuNd daTa

Structure . . . Open ended Diversified Equity SchemeDate of allotment . . . . . . . . . . . . . .August 8, 2007Inception Date . . . . . . . . . . . . . . . . .August 9, 2007Corpus . . . . . Rs 1292.71 crore (February 28, 2009)Minimum Investment . . . . Retail Plan- Rs 5,000 and in multiples of Re 1 thereafter . . . . . . . . . . . . . Institutional Plan (IP) - Rs 5 cr and in multiples of Re 1 thereafterFund Manager . . .Ashwani Kumar & Sailesh Raj BhanLoad Structure: Entry Load . . . . . . . . . . . . . . . . . . Retail Plan 2.25% . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load . . ......Retail Plan- For Subscriptions of less than Rs 5 Crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment. - Nil if redeemed/switched after completion of 1 year from the date of allotment For subscription of Rs 5 Crs and above per purchase transaction, no exit load shall be charged . . . . . . . . . . . . . . . . . . . . . . . , Institutional Plan: NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . . . . .S&P CNX Nifty

PORTFOLiO OF RELiaNCE EQuiTy adVaNTaGE FuNd

as on February 28, 2009Holdings Weightage (%)Equities 76.35Reliance Industries Ltd. 8.56State Bank Of India 5.37ITC Ltd 4.84Oil & Natural Gas Corporation Ltd. 4.81Reliance Communications Ltd 2.99Cipla Ltd. 2.96Wipro Ltd. 2.94Bharat Petroleum Corporation Ltd. 2.94ICICI Bank Ltd. 2.91Bharti Airtel Ltd. 2.76Bharat Heavy Electricals Ltd. 2.52Tata Consultancy Services Ltd. 2.36Housing Development Finance Cor Ltd 1.97Hindustan Unilever Ltd. 1.96Infosys Technologies Ltd. 1.90Larsen & Toubro Ltd. 1.90Hindustan Petroleum Corporation Ltd. 1.89Oracle FinanciaL Serv Software Ltd 1.86Grasim Industries Ltd. 1.70Reliance Infrastructure Limited 1.61HDFC Bank Ltd. 1.55NTPC Ltd. 1.37Areva T & D India Ltd 1.36Tata Steel Ltd. 1.21Idea Cellular Limited 1.11Equity Less Than 1% Of Corpus 8.99Equity Equivalents 7.60Total of Equity & Equity Equivalents 83.95debt,Cash and Other Receivables 16.05Grand Total 100.00

VOLaTiLiTy MEaSuRES

Beta 0.9244Standard Deviation 5.1616R Squared 0.9824Sharpe Ratio -0.0748Portfolio Turnover Ratio 2.07Note: The above measures have been calculated by taking rolling return

since inception with 4.75% Risk Free returns (takan as 91days T-bill yield

as on 27/02/2009)


Reliance Equity Advantage Fund- Growth Plan 6.3734Reliance Equity Advantage Fund- Bonus Plan 6.3734Reliance Equity Advantage Fund- Dividend Plan 6.3734Reliance Equity Advantage Fund- Institutional Growth Plan 6.4598Reliance Equity Advantage Fund- Institutional Bonus Plan 6.4598Reliance Equity Advantage Fund- Institutional Dividend Plan 6.4598

ExPENSE RaTiO


NaV PERFORMaNCE OF RELiaNCE EQuiTy adVaNTaGE FuNd vs S&P CNx NiFTy aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -32.43 -35.611 yr -44.30 -47.45Since Inception -23.97 -25.87Absolute Returns of the Growth Option - Since the Scheme has not

completed one year. Calculations assume that all payouts during the period

have been reinvested in the units of the scheme at the then prevailing NAV.

Past performance may or may not be sustained in the future.

Reliance Equity Advantage FundiNVESTMENT OBjECTiVE The primary investment objective of the fund is to seek to generate capital appreciation and provide long term growth opportunities by investing in a portfolio predominantly of equity and equity related instruments with investments generally in S&P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Equity

Grand Total 76.35



Auto

Construction


Cement

Finance

Ferrous Metals

Power

Diversified

Pharmaceuticals

Oil



Telecom - Services

Banks

Software

Petroleum Products 14.23

9.92

9.83

6.86

5.79

4.93

4.81

4.14

3.86

3.23

2.75

1.97

1.70

0.95

0.61

0.46

0.31

aSSET aLLOCaTiON

Equity & EquityEquivalents

83.95

Debt, Cash andOther Receivables

16.05

SECTOR aLLOCaTiON

figures in %


FuNd daTa

Structure . . . . . . . . . . . Open-ended Equity SchemeDate of allotment . . . . . . . . . . . February 25, 2008Inception Date . . . . . . . . . . . . . . February 26, 2008Corpus . . . .Rs. 3031.76 crore (February 28, 2009)Minimum Investment . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter . . . . . . . . . . . . Institutional Plan (IP) - Rs 5 cr and in multiples of Re. 1 thereafterFund Manager . . . . . . . Ashwani Kumar, Shiv ChananiEntry Load . . . . . . . . . . Retail Plan - <2cr - 2.25%, . . . . . . . . . . . . . > = 2cr<5cr - 1.25%, > = 5cr- Nil . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - Nil Exit Load . . Nil Retail Plan - For Subscriptions of less than Rs 5 Crs per transaction - 1% if redeemed/switched on or before completion of 1 year from the date of allotment. -Nil if redeemed/switched after completion of 1 year from the date of allotment For subscription of Rs 5 Crs and above per purchase transaction, no exit load shall be charged . . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan- NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark ........ A custom benchmark created using the BSE-200 to the extent of 65% of portfolio and MSCI World Energy Index for balance 35% of the portfolio.

PORTFOLiO OF RELiaNCE NaTuRaL RESOuRCES FuNd

as on February 28, 2009Holdings Weightage (%)Equities 58.57Reliance Industries Ltd. 7.71Oil & Natural Gas Corporation Ltd. 4.56Cairn India Limited 3.60Reliance Infrastructure Limited 3.35Bharat Petroleum Corporation Ltd. 3.06Grasim Industries Ltd. 2.54United Phosphorus Ltd. 2.49Hindustan Petroleum Corporation Ltd. 2.36Tata Steel Ltd. 2.25Indian Oil Corporation Ltd. 2.08Jaiprakash Associates Ltd. 2.03Sterlite Industries Ltd. 2.00Jindal Steel & Power Ltd. 1.91Gail (India) Ltd. 1.63Advanta India Limited 1.59Suzlon Energy Ltd. 1.53Hindalco Industries Ltd. 1.29Punj Lloyd Ltd. 1.25TATA Power Co. Ltd. 1.25BEML Limited 1.16Triveni Engeering And Industries Ltd. 1.13Gujarat Narmada Valley Fertilisers Co. Ltd. 1.10ACC Ltd 1.02Equity Less Than 1% Of Corpus 5.68international Equity Shares 5.94Freeport Mcmoran Copper & Gold Inc 1.51Potash Corp of Saskatchewan Inc 1.19Newmont Mining Corporation 0.83Agnico Eagle Mines Ltd 0.74Barrick Gold Corporation 0.68Caterpillar Inc 0.41BHP Billiton Ltd 0.31BHP Billiton Plc 0.28Overseas ETFs 2.76Powershares Water Resources ETF 1.88Market Vectors Agribusiness-ETF 0.88derivatives,debt,Cash and Other Receivables 32.73Grand Total 100.00

VOLaTiLiTy MEaSuRES



as on 27/02/2009)


Reliance Natural Resources Fund- Retail Growth Plan 5.7207Reliance Natural Resources Fund- Retail Bonus Plan 5.7207Reliance Natural Resources Fund- Retail Dividend Plan 5.7207Reliance Natural Resources Fund- Institutional Growth Plan 5.7207Reliance Natural Resources Fund- Institutional Bonus Plan 5.7207Reliance Natural Resources Fund- Institutional Dividend Plan 5.7207

ExPENSE RaTiO

Retail 1.82%

NaV PERFORMaNCE OF RELiaNCE NaTuRaL RESOuRCES FuNd vs BENCHMaRK* aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index*6 months -35.76 -40.341 year -43.58 -50.04Since Inception -43.44 -49.83

Absolute Returns of the Growth Option - Since the Scheme has not

completed one year. Calculations assume that all payouts during the period

have been reinvested in the units of the scheme at the then prevailing NAV.

Past performance may or may not be sustained in the future.

*A custom benchmark created using the BSE-200 to the extent of 65% of

portfolio and MSCI World Energy Index for balance 35% of the portfolio.

Reliance Natural Resources FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in companies principally engaged in the discovery, development, production, or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Equity

Grand Total 8.70

Based on MSCI classification


Industrials

Water

Materials

Miscellaneous 3.41

3.01

1.88

0.41

Grand Total 58.57


Transportation

Auto

Gas

Fertilisers


Pesticides

Construction


Cement


Power

Ferrous Metals

OIL


8.16

6.66

4.60

3.79

3.56

3.29

3.28

3.10

2.69

1.91

1.63

0.35

0.34

aSSET aLLOCaTiON

Equity58.57

Derivatives, Debt, Cash, and Other

Receivables32.73

Overseas ETFs2.76International

Equity Shares5.94

SECTOR aLLOCaTiON (Overseas)

SECTOR aLLOCaTiON (Domestic)

figures in %


FuNd daTa

Structure . . . . . . . . . . . . Open ended Equity SchemeDate of allotment . . . . . . . . . . . . . . .April 18, 2008Inception Date . . . . . . . . . . . . . . . . . .April 18, 2008Corpus . . . . . . . Rs 34.34 crore (February 28, 2009)Minimum Investment . . . Retail Plan - Rs 5,000 and in multiples of Re 1 thereafter, . . . . . . . . . . . . Institutional plan - Rs 5 crore and in multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . . . Krishan DagaEntry Load . . . . . . . Retail Plan - <2cr - 2.25%, > = . . . . . . . . . . . . . . . . . . . .2cr<5cr - 1% > = 5cr- Nil Institutional Plan - Entry Load - NilExit Load . Retail Plan-For Subscriptions of less than Rs 5 Crs per transaction - 1% - if redeemed/switched on or before completion of 1 year from the date of allotment. Nil - if redeemed/switched after completion of 1 year from the date of allotment . . . . . . . . . . . For subscription of Rs 5 Crs and above per purchase transaction, no exit load shall be chargedInstitutional Plan . . . . . . . . . . . . . . . . . . . . . . . . . NilBenchmark ........ S&P CNX Nifty

PORTFOLiO OF RELiaNCE QuaNT PLuS FuNd

as on February 28, 2009Holdings Weightage (%)Equities 91.81Reliance Industries Ltd. 8.85ITC Ltd 8.53Oil & Natural Gas Corporation Ltd. 8.05State Bank of India 7.46Bharti Airtel Ltd. 7.44Infosys Technologies Ltd. 6.63Larsen & Toubro Ltd. 5.36Tata Consultancy Services Ltd. 4.92Housing Development Finance Cor Ltd 4.83TATA Power Co. Ltd. 4.66Other Equities 25.08Cash and Other Receivables 8.19Grand Total 100.00

VOLaTiLiTy MEaSuRES



as on 27/02/2009)


Reliance Quant Plus Fund-Growth Plan 6.2391Reliance Quant Plus Fund-Bonus Plan 6.2391Reliance Quant Plus Fund-Dividend Plan 6.2391Reliance Quant Plus Fund- Institutional Growth Plan 6.2852Reliance Quant Plus Fund- Institutional Bonus Plan 6.2852Reliance Quant Plus Fund- Institutional Dividend Plan 6.2852

ExPENSE RaTiO


NaV PERFORMaNCE OF RELiaNCE QuaNT PLuS FuNd- RETaiL PLaN - GROWTH vs S&P CNx NiFTy aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -30.91 -35.61Since Inception -37.61 -44.26Inception date- April 18, 2008"Returns are of Growth Plan. Returns less than one year are absolute returns





Reliance Index Fund Sensex Plan and Nifty Plan was launched on Feb

8,2005. Subsequently the trustees of RMF (w.e.f April 18,2008) changed

the features of the scheme and renamed the same as Reliance Quant Plus

Fund. For more details on the features of Reliance Quant Plus Fund please

refer addendum to the offer document dated 17th March 08.

Reliance Quant Plus Fund(Formerly Known as Reliance index Fund)

iNVESTMENT OBjECTiVE The investment objective of the Scheme is to generate capital appreciation through investment in equity and equity related instruments. The Scheme will seek to generate capital appreciation by investing in an active portfolio of stocks selected from S&P CNX Nifty on the basis of a mathematical model.

Equity

Grand Total 91.81%



Cement

Gas


Finance

Diversified

Power

Pharmaceuticals

Oil


Petroleum Products

Telecom - Services

Banks

Software 11.56

10.80

9.70

8.85

8.53

8.05

7.82

6.80

5.36

4.83

4.50

2.37

1.57

1.07

aSSET aLLOCaTiON

Equities91.81


8.19

SECTOR aLLOCaTiON

figures in %


FuNd daTa

Nature . . . . . . .A 10-year close-ended Equity LinkedSavings SchemeDate of allotment . . . . . . . . . . . . . March 31, 2008Inception Date . . . . . . . . . . . . . . . . . . .April 1, 2008Corpus:. . . . . . . Rs 82.02 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . Rs 500/- and inmultiples of Rs 500/- thereafterFund Manager . . . . . . . . . . . . . . . . .Sailesh Raj Bhan Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NAExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil**In accordance with the SEBI (MFs) Regulations, 1996, NFO expenses not exceeding 6% of the amount mobilised, will be charged to the scheme and will be amortised over a period of 10 years. If the investor opts for the redemption before the completion of 10 years, proportionate unamortized portion of the NFO expenses outstanding as on the date of the redemption shall be recovered from such investor.Benchmark: - BSE 100

PORTFOLiO OF RELiaNCE EQuiTy LiNKEd SaViNG FuNd – SERiES i

as on February 28, 2009Holdings Weightage (%)Equities 82.41Reliance Industries Ltd. 7.72Divis Laboratories Ltd. 7.41ITC Ltd 7.14Fulford India Limited 6.54State Bank Of India 6.25Tata Consultancy Services Ltd. 5.89Areva T & D India Ltd 5.47Astrazeneca Pharma India Ltd. 4.71Sun Pharma Advance Research Co Ltd 4.30HDFC Bank Ltd. 3.80HCL Technologies Ltd. 3.66Hikal Ltd. 3.58Maruti Suzuki India Ltd. 3.30Jagran Prakashan Ltd 3.23Zee Entertainment Enterprises Ltd 3.21Zee News Limited 2.15ICICI Bank Ltd. 2.00Tata Steel Ltd. 1.05Equity Less Than 1% Of Corpus 1.00Cash and Other Receivables 17.59Grand Total 100.00


Reliance Equity Linked Saving Fund- Series I-Growth Plan 6.3685Reliance Equity Linked Saving Fund- Series I-Dividend Plan 6.3685

ExPENSE RaTiO

Expense Ratio 2.39%



NaV PERFORMaNCE OF RELiaNCE EQuiTy LiNKEd SaViNG FuNd - SERiES i - GROWTH vs BSE 100 aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -35.20 -39.61Since Inception -36.53 -45.10Absolute Returns of the Growth Option - Since the Scheme has not completed one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future.

Reliance Equity Linked Saving Fund – Series I

iNVESTMENT OBjECTiVE The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit

Equity

Grand Total 82.41


Ferrous Metals

Auto

Pesticides



Petroleum Products


Software

Banks


12.04

9.55

8.59

7.72

7.14

5.47

3.58

3.30

1.05

aSSET aLLOCaTiON

Equities82.41

Cash and Other Receivables17.59

SECTOR aLLOCaTiON

figures in %

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diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance income Fund - Retail - Half yearly 19-Sep-08 0.0677 0.677 11.4306 11.335719-Mar-08 0.6952 6.952 12.1281 11.280619-Sep-07 0.2058 2.058 11.6126 11.390820-Mar-07 0.1491 1.491 11.2800 11.1176Reliance income Fund - Retail - Monthly 19-Feb-09 0.0876 0.8759 10.3559 10.224119-Jan-09 0.1314 1.3139 10.7937 10.643722-Dec-08 0.8234 8.2339 11.7766 10.8367Reliance income Fund - Retail - Quarterly 22-Dec-08 0.9548 9.5478 14.5550 13.465119-Sep-08 0.2682 2.6821 12.8562 12.530219-Mar-08 0.3287 3.2865 13.1190 12.6856Reliance income Fund - Retail - annually 19-Mar-08 1.4189 14.1894 13.6953 12.0146

FuNd daTa

Structure . . . . . . . . . . Open-ended Income SchemeDate of allotment . . . . . . . . . . . . . January 1, 1998Inception Date . . . . . . . . . . . . . . . . January 1, 1998Corpus . . . . . Rs 2395.39 crore (February 28, 2009) Minimum Investment For Growth Option: Rs. 5,000; Mthly Div Plan: Rs 25,000; . . . . . . . Qtrly Div Plan: Rs 10,000; . . . . . . . . . Half Yrly Div Plan: Rs 5,000; Annual Div Plan: Rs 5,000Fund Manager . . . . . . . . . . . . . . . . . Prashant PimpleWeighted Average YTM . . . . . . . . . . . . . . . . .7.92%Modified Duration . . . . . . . . . . . . . . . . . . 6.35 YearsWeighted Average Maturity . . . . . . . . . . 11.3 YearsEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . For subscriptions of less than 1crore per purchase per transaction, exit load shall be:- 1% if redeemed/switch- out on or before completion of 12 months from the date of allotment of units- Nil if redeemed/switch-out after completion of 12 months from the date of allotment of unitsFor subscriptions of Rs1 cr and above per purchase per transaction, exit load shall be:- 1% if redeemed/switch-out on or before completion of 1 month from the date of allotment of units- Nil, if redeemed/switch-out after completion of 1 month from the date of allotment of units.No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . Crisil Composite Bond Fund Index

PORTFOLiO OF RELiaNCE iNCOME FuNd

as on February 28, 2009Holdings Rating Weigh- tage (%) Certificate Of deposit 7.83Bank Of Baroda A1+ by ICRA 1.96State Bank Of Mysore A1+ by ICRA 1.96Punjab National Bank PR1+ by CARE 1.95IDBI Bank Ltd P1+ 1.95Govt Securities(GSE) 37.147.95% GOI 2032 (28.08.2032) Sovereign 11.248.24% GOI (MD 22/04/2018) Sovereign 10.856.83% GOI (MD 19/01/2039) Sovereign 6.487.50% GOI 2034 (10.08.2034) Sovereign 2.476.05% GOI (MD 02/02/2019) Sovereign 2.307.27% GOI 2013 (MD 03/09/2013) Sovereign 1.548.35% GOI 2022 (M/D. 14.05.2022) Sovereign 1.377.46% GOI 2017 (M/D 28/8/2017) Sovereign 0.88Non Convertible debentures. 51.39Indian Railway Finance Corpn. Ltd. AAA 14.09Power Finance Corporation Limited AAA 11.83Rural Electrification Corp Ltd AAA 7.82Power Grid Corporation Ltd. AAA 4.78Neyveli Lignite Corporation Ltd AAA 3.79State Bank Of India AAA 2.70Indian Oil Corporation Ltd. LAA+

by ICRA 2.55NTPC Ltd. AAA 1.45State Bank Of Patiala AAA 1.27IDBI Bank Ltd AA+ 0.45Export Import Bank of India AAA 0.43National Housing Bank AAA 0.22State Bank of Hyderabad AAA 0.02Zero Coupon Bonds. 1.82National Housing Bank AAA 1.82Cash and Other Receivables 1.82Grand Total 100.00


Reliance Income Fund-Growth Plan 29.3091Reliance Income Fund-Bonus Plan 13.8143Reliance Income Fund- Annual Dividend Plan 13.7402Reliance Income Fund-Half- Yearly Dividend Plan 12.8151Reliance Income Fund- Quarterly Dividend Plan 13.1049Reliance Income Fund- Monthly Dividend Plan 10.3008

MaTuRiTy PROFiLE

year % of TotalAbove 4 Years 88.86%Below 1 Year 7.83%Cash & Other Receivables 1.82%Between 2 - 4 Years 1.49%Grand Total 100.00%

RaTiNG PROFiLE

Holdings Weightage(%)Sovereign 37.14%P1+ 1.95%A1+ 3.92%PR1+ 1.95%AAA 50.21%AA+ 0.45%LAA+ 2.55%Cash & Other Receivables 1.82%Grand Total 100.00%

ExPENSE RaTiO

Expense Ratio 1.47%

NaV PERFORMaNCE OF RELiaNCE iNCOME FuNd VS CRiSiL COMPOSiTE BONd FuNd iNdEx aS ON FEBRuaRy 27, 2009Period % Change % Change in NaV in index6 months 14.52 8.451 Year 13.62 7.823 Years 10.06 6.475 Years 7.68 4.84Since Inception 10.14 N.A.Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future.

* N.A. denotes non-availability of suitable index at the time of inception.


Reliance Income FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.

debt

Finance19.65


Financial Institutions

14.51

Banks 14.30

Power 10.02



1.82

aSSET aLLOCaTiON

figures in %

Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.



FuNd daTa

Structure . . . . Open-ended Income Scheme with no assured returnsDate of allotment . . . . . . . . . .September 14, 2000Inception Date . . . . . . . . . . . . .September 25, 2000Corpus . . . Rs 15966.74 crore (February 28, 2009)Minimum Investment Retail . . . . . . . . . . . Rs. 5,000Fund Manager . . . . . . . . . . . . . . . . . . . .Amit TripathiWeighted Average YTM . . . . . . . . . . . . . . . 7.60%Modified Duration . . . . . . . . . . . . . . . . . 0.34 YearsWeighted Average Maturity . . . . . . . . . . 0.37 YearsEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilBenchmark. . . . . . Crisil Short-term Bond Fund Index

PORTFOLiO OF RELiaNCE MEdiuM-TERM FuNd

as on February 28, 2009Holdings Rating Weigh- tage (%) Certificate Of deposit 76.42Canara Bank P1+ 11.27ICICI Bank Ltd. A1+ by ICRA 10.45Union Bank of India A1+ by ICRA 7.13Punjab National Bank PR1+ by CARE 7.02State Bank of Patiala A1+ by ICRA 4.43State Bank of Travancore P1+ 4.41Allahabad Bank P1+ 4.19Oriental Bank of Commerce P1+ 3.21IDBI Bank Ltd P1+ 3.10Hongkong & Shanghai Banking F1+(IND) Corpn. Ltd. by FITCH 2.48Vijaya Bank P1+ 2.37State Bank Of Indore P1+ 2.15Bank of Baroda A1+ by ICRA 2.08ING Vysya Bank Ltd. P1+ 2.07Punjab National Bank A1+ by ICRA 1.99State Bank of Mysore A1+ by ICRA 1.96State Bank of Hyderabad A1+ by ICRA 1.71State Bank of Bikaner & Jaipur P1+ 1.45Corporation Bank P1+ 0.61Andhra Bank Ltd F1+(IND) by FITCH 0.51Karur Vysya Bank Ltd. F1(IND) by FITCH 0.40YES Bank Ltd. A1+ by ICRA 0.39Kotak Mahindra Bank Ltd. P1+ 0.34HDFC Bank Ltd. P1+ 0.31UCO Bank P1+ 0.12Federal Bank Ltd. P1+ 0.09AXIS Bank Limited P1+ 0.09Jammu & Kashmir Bank Limited P1+ 0.03Citibank N.a. P1+ 0.03Vijaya Bank PR1+ by CARE 0.01Commercial Paper 5.92Housing Development A1+ Finance Cor Ltd by ICRA 1.53ICICI Home Finance Co. Ltd. A1+ by ICRA 1.41TATA Capital Limited A1+ by ICRA 0.62GE Capital Services India Ltd P1+ 0.33Export Import Bank Of India A1+ by ICRA 0.31L & T Finance Ltd PR1+ by CARE 0.30TATA Sons Ltd. P1+ 0.30TATA Motors Ltd. P1 0.28Kotak Mahindra Prime Ltd. P1+ 0.28Pidilite Industries Ltd. P1+ 0.19IDBI Home Finance Ltd. A1+ by ICRA 0.16Bennett Coleman & Co Ltd P1+ 0.12Sundaram Finance Limited P1+ 0.06Rabo India Finance Ltd. P1+ 0.03Floating Rate Note 0.25Madras Aluminium Company Limited P1+ 0.25Treasury Bills. 2.97182 Days Tbill (MD 06/03/2009) Sovereign 1.72

91 Days Tbill (MD 17/04/2009) Sovereign 0.93182 Days Tbill (MD 17/04/2009) Sovereign 0.31Cash and Other Receivables 14.45Grand Total 100.00


Reliance Medium Term Fund- Growth Plan 18.0637Reliance Medium Term Fund- Bonus Plan 12.9000Reliance Medium Term Fund- Quarterly Dividend Plan 10.8694Reliance Medium Term Fund- Monthly Dividend Plan 10.3709Reliance Medium Term Fund- Daily Dividend Plan 17.0955Reliance Medium Term Fund- Weekly Dividend Plan 17.0955 MaTuRiTy PROFiLE

year % of TotalBelow 1 Year 85.55%Cash & Other Receivables 14.45%Grand Total 100.00%

RaTiNG PROFiLE

Holdings Weightage(%)Sovereign 2.97%F1(IND) 0.40%P1+ 37.43%A1+ 33.54%F1+(IND) 1.16%F1+ 2.44%PR1+ 7.33%P1 0.28%Cash & Other Receivables 14.45%Grand Total 100.00%

ExPENSE RaTiO

Expense Ratio 0.65%

NaV PERFORMaNCE OF RELiaNCE MEdiuM-TERM FuNd VS CRiSiL SHORT TERM BONd FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months 4.68 7.601 Year 8.18 10.453 Years 7.07 8.095 Years 5.16 6.35Since Inception 7.20 N.A."Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future. N.A. denotes non-availability of suitable index at the time of inception."


Reliance Medium-Term FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.

debt

Banks76.42


14.45

Finance4.73


Financial Institutions

0.31Miscellaneous

0.30Auto0.28

Non - Ferrous Metals0.25

Chemicals0.19


0.12

aSSET aLLOCaTiON

figures in %


Reliance Short-Term FundiNVESTMENT OBjECTiVE

The primary investment objective of the scheme is to generate stable returns for investors with a short term investment horizon by investing in fixed income securitites of a short-term maturity.

debt

aSSET aLLOCaTiON

Finance 39.58

Banks 19.15


13.23


Electrical & Electronics 3.57

Power 2.26

Finance - Asset Backed

1.33

Ferrous Metals1.21

Transportation0.34

figures in %

FuNd daTa

Structure . . . . . . . . . . Open-ended Income SchemeDate of allotment . . . . . . . . . . December 18, 2002Inception Date . . . . . . . . . . . . . December 23, 2002Corpus . . . . . . Rs 690.83 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . . . . . .Rs 50,000Fund Manager . . . . . . . . . . . . . . . . . Prashant PimpleWeighted Average YTM . . . . . . . . . . . . . . . . .7.87%Modified Duration . . . . . . . . . . . . . . . . . 1.91 YearsWeighted Average Maturity . . . . . . . . . . . 2.43 YearsEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . .Crisil Liquid Fund Index

PORTFOLiO OF RELiaNCE SHORT-TERM FuNd

as on February 28, 2009Holdings Rating Weigh- tage (%) Certificate of deposit 14.70HDFC Bank Ltd. P1+ 5.78Bank of Baroda A1+ by ICRA 3.42IDBI Bank Ltd P1+ 3.40Allahabad Bank A1+ by ICRA 2.11Commercial Paper 6.63ICICI Home Finance Co. Ltd. A1+ by ICRA 6.63Non Convertible debentures 59.73Power Finance Corporation Limited AAA 15.31Rural Electrification Corp Ltd AAA 13.37Indian Railway Finance Corpn. Ltd. AAA 9.58Reliance Industries Ltd. AAA 6.05Export Import Bank of India AAA 3.72National Housing Bank AAA 3.67Power Grid Corporation Ltd. AAA 2.26G E Money Financial Services Ltd. AAA 2.24GE Capital Services India Ltd AAA(IND) by FITCH 1.55Tata Steel Ltd. AA 1.21IDBI Bank Ltd AA+ 0.78Pass Through Certificates 5.70IBM India Private Limited AAA(IND) by FITCH 3.57India Loan Sec Sr 4 Trust 2008 AAA(SO) 1.33Shriram Transport Finance Co Ltd. AA(IND) by FITCH 0.47Jet Airways (india) Ltd. AAA(SO) 0.34Cash and Other Receivables 13.23Grand Total 100.00


Reliance Short Term Fund-Growth Plan 16.0699Reliance Short Term Fund- Dividend Re-Investment Plan 10.6557Reliance Short Term Fund- Quarterly Dividend Plan 13.6276

MaTuRiTy PROFiLE

year Weightage (%)Between 2 - 4 Years 36.13%Above 4 Years 25.05%Below 1 Year 21.34%Cash & Other Receivables 13.23%Between 1 - 2 Years 4.26%Grand Total 100.00%

RaTiNG PROFiLE

Holdings Weightage(%)P1+ 3.40%A1+ 12.16%F1+(IND) 5.78%AAA 58.08%AAA(SO) 1.33%AAA(IND) 1.21%AAA(IND)(SO) 3.57%AA+ 0.78%AA(SO) 0.47%Cash & Other Receivables 13.23%Grand Total 100.00%

ExPENSE RaTiO

Expense Ratio 0.64%

NaV PERFORMaNCE OF RELiaNCE SHORT-TERM FuNd VS CRiSiL LiQuid FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months 8.99 4.951 Year 12.58 9.023 Years 9.94 7.535 Years 8.21 6.28Since Inception 7.95 5.94"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance MTF- Retail - Weekly February 27, 2009 0.0089 0.0893 17.1057 17.0955February 24, 2009 0.0339 0.3390 17.1342 17.0955Reliance MTF- Retail - Quarterly December 22, 2008 0.2253 2.2529 10.9673 10.7128September 22, 2008 0.1794 1.7939 10.9128 10.7110June 20, 2008 0.1537 1.5373 10.8708 10.6987Reliance MTF- Retail - Monthly February 24, 2009 0.0625 0.6245 10.4360 10.3669January 20, 2009 0.0638 0.6377 10.4355 10.3627December 22, 2008 0.0756 0.7559 10.4478 10.3641Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.


Reliance Gilt Securities FundiNVESTMENT OBjECTiVE

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government

FuNd daTa

Structure . . . . . . . . . . . . . .Open-ended Government . . . . . . . . . . . . . . . . . . . . . . . . . . Securities SchemeDate of allotment . . . . . . . . . . . . .August 22, 2008Inception Date . . . . . . . . . . . . . . . .August 22, 2008Corpus . . . . . . Rs 241.53 crore (February 28, 2009)Minimum Investment . . . . . . . Retail Plan Rs 10,000 per plan per option . . . . . . . . . . . . . . . . . Institutional Plan : Rs 1 Cr per plan per optionFund Manager: . . . . . . . . . . . . . . . . . Prashant PimpleWeighted Average YTM . . . . . . . . . . . . . . . . .6.49%Modified Duration . . . . . . . . . . . . . . . . 7.57 YearsWeighted Average Maturity . . . . . . . . . 14.63 Years Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . NILExit Load . . . . . . . . . . . . . . . . . 0.80% if redeemed within 1 year of allotment . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - NILNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . . . . I-Sec Li-Bex Index

PORTFOLiO OF RELiaNCE GiLT SECuRiTiES FuNd

as on February 28, 2009Holdings Rating Weigh- tage (%) Govt Securities(GSE) 86.818.24% GOI (MD 22/04/2018) Sovereign 30.417.95% GOI 2032 (28.08.2032) Sovereign 24.116.83% GOI (MD 19/01/2039) Sovereign 13.236.05% GOI (MD 02/02/2019) Sovereign 10.387.46% GOI 2017 (M/D. 28/8/2017) Sovereign 4.378.35% GOI 2022 (M/D. 14.05.2022) Sovereign 2.277.50% GOI 2034 (10.08.2034) Sovereign 2.04Cash and Other Receivables 13.19Grand Total 100.00


Reliance Gilt Securities Fund- Retail Growth Plan 11.6414Reliance Gilt Securities Fund- Retail Dividend Plan 10.1250Reliance Gilt Securities Fund- Retail Automatic Capital App Plan 11.6414Reliance Gilt Securities Fund- Retail Defined Maturity Plan 11.6414Reliance Gilt Securities Fund- Retail Automatic Annual Reinvestment Plan 11.6414Reliance Gilt Securities Fund- Institutional Growth Plan 11.6383Reliance Gilt Securities Fund- Institutional Dividend Plan 10.8010Reliance Gilt Securities Fund- Institutional AutOmatic Capital App Plan 11.6383Reliance Gilt Securities Fund- Institutional Defined Maturity Plan 11.6383

Reliance Gilt Securities Fund-Institutional Automatic Annual Reinvestment Plan 11.6383

MaTuRiTy PROFiLE

year % of TotalAbove 4 Years 86.81%Cash & Other Receivables 13.19%Grand Total 100.00%

RaTiNG PROFiLE

Holdings Weightage(%)Sovereign 86.81%Cash & Other Receivables 13.19%Grand Total 100.00%

ExPENSE RaTiO


NaV PERFORMaNCE OF RELiaNCE GiLT SECuRiTiES FuNd LTP - RETaiL - GROWTH VS i-SEC Li-BEx iNdEx aS ON auGuST 21, 2008

Period % Change % Change in NaV in index6 months -1.84 -7.871 Year 4.31 -1.053 Years 5.39 4.635 Yrs 6.11 3.27Since Inception 6.51 3.56Inception Date - July 10, 2003

NaV PERFORMaNCE OF RELiaNCE GiLT SECuRiTiES FuNd - STP - RETaiL - GROWTH VS i-SEC Si-BEx iNdEx aS ON auGuST 21, 2008

Period % Change % Change in NaV in index6 months 0.66 2.311 Year 2.78 6.793 Years 4.35 6.525 Yrs 3.85 5.79Since Inception 4.09 5.80Inception Date - July 10, 2003

NaV PERFORMaNCE OF RELiaNCE GiLT SECuRiTiES FuNd VS i-SEC Li-BEx iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 Months 15.35 24.46Since Inception 15.97 24.98Inception Date - August 22, 2008The key features of Reliance Gilt Securities Fund having Short Term Plan and Long Term Plan have been changed w.e.f 22nd Aug 2008. Pursuant to the changes, the scheme will have Retail Plan and Institutional Plan . For more details please refer to the Addendum dated 21st July 2008

debt


13.19


aSSET aLLOCaTiON

figures in %

diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend

(Re/ unit) NaV NaV*Reliance Short Term Fund - dividend February 25, 2009 0.0701 0.7008 10.7045 10.6373January 28, 2009 0.0613 0.6132 10.6773 10.6073December 26, 2008 0.4205 4.2045 11.0853 10.6053Reliance Short Term Fund - Quarterly dividend December 22, 2008 0.2628 2.6278 13.6562 13.3562September 19, 2008 0.1771 1.7712 13.0595 12.8655June 19, 2008 0.2245 2.2450 13.1238 12.8538Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.


diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance G Sec Fund - Retail - dividend January 28, 2009 0.0613 0.6132 10.5098 10.4398

Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Reliance Short-Term Fund


FuNd daTa

Structure . . . . . . . . . . . . . . . . . . . Open-ended Fund Monthly income is not assured and is subject to the availability of distributable surplusDate of allotment . . . . . . . . . . December 29, 2003Inception Date . . . . . . . . . . . . . . . January 13, 2004Corpus . . . . . . Rs 156.02 crore (February 28, 2009)Minimum Investment . . For Growth Plan: Rs 10,000; . . . . . . . . . . . . . . . . . . . Mthly Div Plan: Rs 25,000; Qtrly Div Plan: Rs 10,000Fund Manager . . . . . . Amit Tripathi , Ashwani KumarWeighted Average YTM . . . . . . . . . . . . . . . . 7.49%Modified Duration . . . . . . . . . . . . . . . . . 3.37 YearsWeighted Average Maturity . . . . . . . . . . . 6.06 YearsEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . For subscriptions of less than 1crore per purchase per transaction, exit load shall be:- 1% if redeemed/switch- out on or before completion of 12 months from the date of allotment of units- Nil if redeemed/switch-out after completion of 12 months from the date of allotment of unitsFor subscriptions of Rs1 cr and above per purchase per transaction, exit load shall be:- 1% if redeemed/switch-out on or before completion of 1 month from the date of allotment of units- Nil, if redeemed/switch-out after completion of 1 month from the date of allotment of units.No Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . Crisil MIP Blended Index

PORTFOLiO OF RELiaNCE MONTHLy iNCOME PLaN

as on February 28, 2009Holdings Rating Weigh- tage (%) index/stock Futures 13.04March 2009 Future 8.77Maruti Suzuki India Ltd. March 2009 Future 4.27Equity Shares 3.63Mphasis Limited 2.16Siemens Ltd. 1.30Equity Holdings Less Than 1% Of Corpus 0.17Govt Securities(GSE) 16.908.35% GOI 2022 (M/D. 14.05.2022) Sovereign 7.028.24% GOI (MD 22/04/2018) Sovereign 3.627.95% GOI 2032 (28.08.2032) Sovereign 3.336.83% GOI (MD 19/01/2039) Sovereign 2.93Non Convertible debentures. 41.29Power Finance Corporation Limited AAA 10.90Unitech Ltd. B(IND) by FITCH 9.81Indian Railway Finance Corpn. Ltd. AAA 7.37Reliance Industries Ltd. AAA 6.78National Housing Bank AAA 3.31Rural Electrification Corp Ltd AAA 3.12

Pass Through Certificates 7.24Sobha Developers Limited LBB-(SO) by ICRA 7.24Cash and Other Receivables 17.91Grand Total 100.00 NaV aS ON FEBRuaRy 27, 2009 RS

Reliance Monthly Income Fund- Monthly Dividend Plan 10.0085Reliance Monthly Income Fund- Quarterly Dividend Plan 11.3072Reliance Monthly Income Fund- Growth Plan 15.5591

ExPENSE RaTiO

Expense Ratio 2.00%

NaV PERFORMaNCE OF RELiaNCE MiP VS CRiSiL MiP BLENdEd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months 6.75 1.191 Year 6.79 -1.993 Years 7.89 5.735 Years 9.26 5.99Since Inception 8.96 5.64"Returns are of Growth Plan. Returns less than one year are absolute returns





Reliance Monthly Income PlaniNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital

debt

aSSET aLLOCaTiON

Finance14.02

Banks3.31

Index/Stock Futures13.04

Construction17.05


17.91


Petroleum Products6.78


Industrial Capital Goods1.30

Consumer Non Durables0.17

Software2.16

diVidENd PLaN

date (dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance MiP - Monthly dividend January 20, 2009 0.0526 0.5256 10.3312 10.1661December 22, 2008 0.5256 5.2557 11.1081 10.4179November 21, 2008 0.0262 0.2619 10.0299 10.0000Reliance MiP - Quarterly dividend December 22, 2008 0.0526 0.5256 11.8570 11.7007September 22, 2008 0.2955 2.9546 11.0143 10.6423June 20, 2008 0.0936 0.9364 10.8404 10.7185

figures in %




FuNd daTa

Structure . . . . . . . . . . Open-ended Income SchemeDate of allotment . . . . . . . . . . . . . March 20, 2007Inception Date . . . . . . . . . . . . . . . . March 21, 2007Corpus . . . . . Rs 7953.42 crore (February 28, 2009)Minimum Investment . . . . . For Retail Plan: Rs 1 lakh . . . . . . . . . . . . . .and in multiples of Re 1 thereafter . . . . . . . . . . . . . . . .For Institutional Plan: Rs 1 crore . . . . . . . . . . . . . .and in multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . . . .Amit TripathiWeighted Average YTM . . . . . . . . . . . . . . . . .7.59%Modified Duration . . . . . . . . . . . . . . . . . . 0.33 YearsWeighted Average Maturity . . . . . . . . . . 0.43 Years Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilBenchmark. . . . . . . . . . . . . . .Crisil Liquid Fund Index

PORTFOLiO OF RELiaNCE LiQuid PLuS FuNd

as on February 28, 2009

Holdings Rating Weigh-

tage (%) Certificate Of deposit 21.33Punjab National Bank PR1+ by CARE 4.62

Oriental Bank of Commerce P1+ 3.82

State Bank of Travancore P1+ 2.85

State Bank of Hyderabad A1+ by ICRA 2.43

ICICI Bank Ltd. A1+ by ICRA 1.96

IDBI Bank Ltd P1+ 1.55

Canara Bank P1+ 1.52

Bank of Baroda A1+ by ICRA 0.89

Allahabad Bank P1+ 0.75

ABN AMRO Bank N.V. A1+ by ICRA 0.38

Federal Bank Ltd. P1+ 0.22

ING Vysya Bank Ltd. P1+ 0.12

State Bank of Patiala A1+ by ICRA 0.09

Punjab National Bank A1+ by ICRA 0.08

Union Bank of India A1+ by ICRA 0.04

State Bank of Mysore A1+ by ICRA 0.01

Commercial Paper 3.79Indiabulls Financial Services Ltd P1+ 2.50

DLF Limited A1 by ICRA 0.78

ICICI Home Finance Co. Ltd. A1+ by ICRA 0.28

ONGV Videsh Limited P1+ 0.12

TATA Motors Ltd. P1 0.11

Floating Rate Note 10.11Housing Development Finance Cor Ltd AAA 3.79

Citifinancial Consumer Finance India Limited AA+ 2.46

Sundaram Finance Limited AA+ 0.94

GE Capital Services India Ltd AAA 0.63

Sundaram Finance Limited LAA+ by ICRA 0.63

Power Finance Corporation Limited AAA 0.52

LIC Housing Finance Ltd. AAA 0.37

Indian Railway Finance Corpn. Ltd. AAA 0.26

L&t Finance Ltd CAREAA+ by CARE 0.25

CITICORP Finance India Ltd. AA+ 0.18

IDBI Bank Ltd AA+ 0.08

Govt Securities(gse) 0.636.65% GOI 2009 MD(05.04.2009) Sovereign 0.63

Non Convertible debentures. 15.01Housing Development Finance Cor Ltd AAA 4.45

Infrastructure Development

Reliance Reliance Money Manager FundiNVESTMENT OBjECTiVE

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities

FuNd daTa

Structure . . . . . . . . . . Open-ended Income SchemeDate of allotment . . . . . . . . . . November 15, 2004Inception Date . . . . . . . . . . . . . November 16, 2004Corpus . . . . . . . Rs 0.36 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . . . . . .Rs 50,000 Fund Manager . . . . . . . . . . . . . . . . . Prashant PimpleWeighted Average YTM . . . . . . . . . . . . . . . . 2.60%Modified Duration . . . . . . . . . . . . . . . . . 0.00 YearsWeighted Average Maturity . . . . . . . . .0.0027 Years Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . <_5 lakh - 0.50% within 0-6 months; >5 lakh - NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . Crisil Composite Bond Fund Index

PORTFOLiO OF RELiaNCE NRi iNCOME FuNd

as on February 28, 2009Holdings Weightage (%)Cash and Other Receivables 100.00 Grand Total 100.00

aSSET aLLOCaTiON

Holdings Weightage(%)Cash & Other Receivables 100.00Grand Total 100.00

MaTuRiTy PROFiLE


RaTiNG PROFiLE



Reliance NRI Income Fund-Dividend Plan 11.8476Reliance NRI Income Fund-Growth Plan 11.8476

ExPENSE RaTiO

Expense Ratio (exclusive of amortisation) 1.48%



NaV PERFORMaNCE - NRi iNCOME FuNd VS CRiSiL COMPOSiTE BONd FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months 0.53 8.451 Year 1.85 7.823 Years 3.89 6.47Since Inception 3.98 6.11"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

Reliance NRI Income FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt instruments.

debt

contd...


Reliance Reliance Money Manager Fund

debt

aSSET aLLOCaTiON

Finance26.90

Finance - Asset Backed12.32

Banks21.60

Construction3.24

Petroleum products2.24

Telecom- services4.39



Industrial Capital Goods 0.24

Miscellaneous 0.09Auto

0.11

Transportation0.04 Media &

Entertainment0.03


26.87

figures in %

Finance Company Ltd. AAA 4.20

Power Finance Corporation Limited AAA 2.73

Unitech Ltd. F4(IND) by FITCH 2.11

LIC Housing Finance Ltd. AAA 0.50

Tata Capital Limited LAA+ by ICRA 0.19

IDBI Bank Ltd AA+ 0.19

Unitech Ltd. B(IND) by FITCH 0.18

National Bank For Agri. & Rural Dev AAA 0.14

ICICI Home Finance Co. Ltd. LAAA by ICRA 0.14

Kotak Mahindra Prime Ltd. LAA by ICRA 0.10

GE Capital Services India Ltd AAA(IND) by FITCH 0.04

Sundaram Finance Limited AA+ 0.02

Citifinancial Consumer Finance India Limited AA+ 0.01

Pass Through Certificates 21.23Invt Vehicle For Structure Tr 1508 AAA(SO) 8.93

TATA Communications Limited P1+(SO) 3.02

Indian Infra Equipment LAAA(SO) Trus June 07 by ICRA 1.54

IDEA Cellular Limited P1+(SO) 1.39

Hindustan Petroleum A1+(SO) Corporation Ltd. by ICRA 1.22

Power Finance Corporation Limited AAA(SO) 1.06

SME Retail Pool V Trust AAA(SO) 0.99

Shriram Transport F1+(IND)(SO) Finance Co Ltd. by FITCH 0.61

Hindustan Petroleum Corporation Ltd. P1+(SO) 0.57

Bharat Petroleum Corporation Ltd. P1+(SO) 0.33

Suzlon Energy Ltd. P1+(SO) 0.24

Indian Retail ABS Trust LAAA(SO) Series 90 by ICRA 0.13

Shriram Transport AA(IND) Finance Co Ltd. by FITCH 0.13

India Loan Securitisation Trus VI AAA(SO) 0.12

Retail Trust August 2006 AAA(SO) 0.12

DLF Commmercial Complexes Ltd P1(SO) 0.11

BHPC Auto July06 A1 AA+(SO) 0.08

RLP Trust Series 1 PTC A1+(SO) by ICRA 0.08

Vodafone Essar F1+(IND)(SO) Cellular Ltd by FITCH 0.08

Invt Vehicle For Structure Tr 1208 AAA(SO) 0.07

Hindustan Construction PR1+(SO) Co. Ltd. by CARE 0.05

Retail Trust Feb 2005 LAAA by ICRA 0.05

Shriram Transport AA(IND)(SO) Finance Co Ltd. by FITCH 0.05

Tata Capital Limited LAA+ by ICRA 0.05

Indian Retail ABS Trust LAAA(SO) 91 by ICRA 0.04

G. E. Shipping AA+(SO) 0.04

Shriram Transport AA(SO) Finance Co Ltd. by FITCH 0.03

Shriram Transport

Finance Co Ltd. P1+(SO) 0.03

Bennett Coleman & Co Ltd P1+(SO) 0.03

Fullerton India Credit Co. Ltd. LAAA(SO) by ICRA 0.02

Indian Retail ABS Trust Series 87 AAA(SO) 0.02

Invt Vehicle For Structure Tr 1108 AAA(SO) 0.01

Pass Through Certificates (ZCB) 0.13RPS Securitisation Trust May 05 PTC ITCL LAAA by ICRA 0.13

Treasury Bills. 0.8291 Days Tbill (MD 13/03/2009) Sovereign 0.82

Zero Coupon Bonds. 0.09Tata Sons Ltd. AAA 0.09

Cash and Other Receivables 26.87Grand Total 100.00


Reliance Money Manager Fund- Retail Growth 1179.4429Reliance Money Manager Fund-Retail Bonus 1171.7066Reliance Money Manager Fund- Retail Daily Dividend 1000.8857Reliance Money Manager Fund- Retail Weekly Dividend 1002.7037Reliance Money Manager Fund- Retail Monthly Dividend 1007.9781Reliance Money Manager Fund- Retail Quarterly Dividend 1037.8401Reliance Money Manager Fund- Institutional Growth 1186.2214Reliance Money Manager Fund- Institutional Daily Dividend 1001.1364Reliance Money Manager Fund- InstItutional Weekly Dividend 1001.2191Reliance Money Manager Fund- Institutional Monthly Dividend 1006.7222Reliance Money Manager Fund- Institutional Quarterly Dividend 1186.2214

MaTuRiTy PROFiLE

year Weightage (%)Below 1 Year 63.09%Cash & Other Receivables 26.87%Between 1 - 2 Years 10.05%Grand Total 100.00%

contd...


RaTiNG PROFiLE

Holdings Weightage(%)Sovereign 1.45%P1+ 12.76%P1+(SO) 5.60%A1+ 6.86%A1+(SO) 1.30%F1+(IND)(S0) 0.69%PR1+ 4.62%PR1+(SO) 0.05%AAA 14.49%LAAA 3.64%LAAA(SO) 1.74%AAA(SO) 11.23%AA+ 4.12%LAA+ 0.87%AA+(SO) 0.12%AA(SO) 0.12%AA(IND) 0.04%AA(IND)(SO) 0.05%LAA 0.10%P1 0.11%P1(SO) 0.11%A1 0.78%F4(IND) 2.11%B(IND) 0.18%Cash & Other Receivables 26.87%Grand Total 100.00%

ExPENSE RaTiO


NaV PERFORMaNCE OF LiQuid PLuS FuNd VS CRiSiL LiQuid FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 Months 4.60 4.951 year 9.03 9.02Since inception 8.85 8.25"Returns are of Growth Plan. Returns less than one year are absolute returns





diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance Money Manager Fund - Weekly dividend February 27, 2009 0.5229 0.0523 1003.3007 1002.7037February 24, 2009 1.9941 0.1994 1004.9802 1002.7037February 13, 2009 1.2554 0.1255 1004.1369 1002.7037February 6, 2009 1.2878 0.1288 1004.1739 1002.7037Reliance Money Manager Fund -Retail - Monthly dividend February 19, 2009 5.7682 0.5768 1012.9247 1007.3784 January 19, 2009 6.1119 0.6112 1013.5294 1006.5521 December 22, 2008 7.3181 0.7318 1015.0209 1006.6666 Reliance Money Manager Fund -Retail - Quarterly dividend December 22, 2008 21.3115 2.1311 1047.0036 1022.6745September 19, 2008 20.2723 2.0272 1044.9192 1022.6085June 19, 2008 17.8160 1.7816 1042.4148 1022.3028

Reliance Reliance Money Manager Fund

debt




FuNd daTa

Structure . . . . . . . . . . . .Open-ended Liquid SchemeDate of allotment . . . . . . . . . . . . . March 18, 1998Inception Date . . . . . . . . . . . . . . . . March 23, 1998Corpus . . . . Rs 6600.77 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . Retail: Rs. 5,000 . . . . . . . . . . . . . . . . . . . . . . . . .IP: Rs. 1,00,00,000Fund Manager . . . . . . . . . . . . . . . . . Prashant PimpleWeighted Average YTM . . . . . . . . . . . . . . . . . .6.8%Modified Duration . . . . . . . . . . . . . . . . . 0.17 Years Weighted Average Maturity . . . . . . . . . . 0.27 YearsEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . .Crisil Liquid Fund Index

PORTFOLiO OF RELiaNCE LiQuid FuNd (TREaSuRy PLaN)

as on February 28, 2009Holdings Rating Weigh- tage (%) Certificate Of deposit 39.43ICICI Bank Ltd. A1+ by ICRA 10.10Andhra Bank Ltd F1+(IND) by FITCH 6.30Oriental Bank of Commerce P1+ 3.61Vijaya Bank PR1+ by CARE 2.99Allahabad Bank A1+ by ICRA 2.95IDBI Bank Ltd A1+ by ICRA 2.94State Bank of Indore P1+ 2.13Syndicate Bank Ltd. PR1+ by CARE 1.84Allahabad Bank P1+ 1.48State Bank Of India P1+ 1.36UCO Bank P1+ 1.11Export Import Bank of India P1+ 0.73Kotak Mahindra Bank Ltd. P1+ 0.65IDBI Bank Ltd P1+ 0.60State Bank of Mysore A1+ by ICRA 0.48Development Credit Bank Ltd. P1 0.08National Bank For Agri. & Rural Dev P1+ 0.07Commercial Paper 7.10Indiabulls Financial Services Ltd P1+ 3.22National Housing Bank A1+ by ICRA 2.98Cholamandalam DBS Finance Ltd. P1 0.76L&T Finance Ltd PR1+ by CARE 0.15Floating Rate Note 11.21Tata Sons Ltd. AAA 2.65Citicorp Finance India Ltd. AA+ 2.43Mahindra & Mahindra Fin Ser Ltd. AA+ 1.51L&T Finance Ltd CAREAA+ by CARE 1.36Citifinancial Consumer Finance India Limited AA+ 1.21Sundaram Finance Limited LAA+ by ICRA 0.76LIC Housing Finance Ltd. AAA 0.38Edelweiss Capital Limited P1+ 0.38Sundaram Finance Limited AA+ 0.15Cholamandalam DBS AA-(IND) Finance Ltd. by FITCH 0.15GE Capital Services India Ltd AAA 0.15Infrastructure Development Finance Company Ltd. AAA 0.08Non Convertible debentures. 2.08Housing Development Finance Cor Ltd AAA 2.08Pass Through Certificates 8.52Vodafone Essar South Ltd. F1+(IND)(SO) by FITCH 1.54Suzlon Energy Ltd. P1+(SO) 1.06STL Fertilizers F1+(IND)(SO) Private Limited by FITCH 0.77IBM India Private Limited F1+(IND)(SO) by FITCH 0.75India Loan Sec Sr 3 LAAA(SO) Trust 2008 by ICRA 0.63Vodafone Essar Cellular Ltd F1+(IND)(SO) by FITCH 0.56

Invt Vehicle For Structure Tr 1508 AAA(SO) 0.47Indian Reail Abs Trust 79 AAA(SO) 0.41Vodafone Essar A1+(SO) Spacetel Limited by ICRA 0.41Indian Retail ABS Trust 81 AAA(SO) 0.40Idea Cellular Limited P1+(SO) 0.38Indian Reail ABS Trust 80 AAA(SO) 0.37Indian Retail ABS Trust 93 LAAA by ICRA 0.30Lic Housing Finance Ltd. AAA(SO) 0.29Indian Retail ABS Trust 72 LAAA(SO) by ICRA 0.13Indian Retail ABS LAAA(SO) Trust Sr 50 Sr A2y PTC by ICRA 0.04Cash and Other Receivables 31.66Grand Total 100.00 NaV aS ON FEBRuaRy 27, 2009 RS

Reliance Liquid Fund - Treasury Plan - Daily Dividend Plan 15.2426Reliance Liquid Fund - Treasury Plan - Weekly Dividend Plan 10.3417Reliance Liquid Fund - Treasury Plan - Monthly Dividend Plan 13.1788Reliance Liquid Fund - Treasury Plan - Quarterly Dividend Plan 12.3231Reliance Liquid Fund - Treasury Plan - Growth Plan 21.0056Reliance Liquid Fund - Treasury Plan - Institutional Daily Dividend Plan 15.2872Reliance Liquid Fund - Treasury Plan - Institutional Weekly Dividend Plan 15.3029Reliance Liquid Fund - Treasury Plan - Institutional Monthly Dividend Plan 21.3315Reliance Liquid Fund - Treasury Plan - Institutional Growth Plan 21.3317

MaTuRiTy PROFiLE

year Weightage (%)Below 1 Year 64.33%Cash & Other Receivables 31.66%Between 1 - 2 Years 4.01%Grand Total 100.00%

RaTiNG PROFiLE

Holdings Weightage (%)P1+ 17.19%P1+(SO) 1.44%A1+ 19.45%A1+(SO) 0.41%F1+(IND) 4.46%F1+ 1.84%F1+(IND)(S0) 2.08%F1+(SO) 1.54%PR1+ 3.14%AAA 5.31%LAAA 0.08%LAAA(SO) 0.93%AAA(SO) 2.08%AA+ 6.67%LAA+ 0.76%LAA 0.15%P1 0.83%Cash & Other Receivables 31.66%Grand Total 100.00%

ExPENSE RaTiO


NaV PERFORMaNCE OF RELiaNCE LiQuid FuNd - TREaSuRy PLaN VS CRiSiL LiQuid FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index7days 0.15 0.1615 days 0.28 0.3830 days 0.58 0.723 months 2.01 2.446 months 4.40 4.951 Year 8.72 9.023 Years 7.59 7.535 yrs 6.46 6.28Since Inception 7.00 N.A.

"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

Reliance Liquid Fund(Treasury Plan)


The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments

debt


31.66


Finance15.05


Electrical & Electronics

0.75

Fertilisers0.77

Telecom - Services2.89 Industrial Capital Goods

1.06

Miscellaneous2.65

Banks41.61

aSSET aLLOCaTiON figures in %


FuNd daTa

Structure . . . . . . . . . . . .Open-ended Liquid SchemeDate of allotment . . . . . . . . . . . December 7, 2001Inception Date . . . . . . . . . . . . . . December 7, 2001Corpus . . . . . . Rs 104.51 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . . . . . .Rs 25,000Fund Manager . . . . . . . . . . . . . . . . . . . .Amit TripathiWeighted Average YTM . . . . . . . . . . . . . . . 2.39%Modified Duration . . . . . . . . . . . . . . . . . . 0.00 YearsWeighted Average Maturity . . . . . . . . .0.0027 YearsEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . .Crisil Liquid Fund Index

PORTFOLiO OF RELiaNCE LiQuid FuNd (CaSH PLaN)

as on February 28, 2009Holdings Rating Weigh- tage (%) Cash and Other Receivables 100.00 Grand Total 100.00

aSSET aLLOCaTiON

Holdings Weightage(%)Cash & Other Receivables 100.00%Grand Total 100.00%

MaTuRiTy PROFiLE


RaTiNG PROFiLE



Reliance Liquid Cash Plan-Growth Plan 14.6335Reliance Liquid Cash Plan- Weekly Dividend Plan 10.9169Reliance Liquid Cash Plan- Daily Dividend Plan 11.1415

ExPENSE RaTiO

Expense Ratio 0.52%

NaV PERFORMaNCE OF RELiaNCE LiQuid FuNd - CaSH PLaN VS CRiSiL LiQuid FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index7days 0.07 0.1615 days 0.14 0.3830 days 0.27 0.723 months 1.09 2.446 months 3.29 4.951 Year 6.59 9.023 Years 6.13 7.535 years 5.49 6.28Since Inception 5.40 N.A."Returns are of Growth Plan. Returns less than one year are absolute returns




may not be sustained in the future. N.A. denotes non-availability of suitable

index at the time of inception."


Reliance Liquid Fund(Cash Plan)

iNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance Liquid Fund - TP - Retail - Mtly dividend December 26, 2007 0.0591 0.5915 12.0306 11.9547May 9, 2006 1.7540 17.5400 12.7525 10.7525February 1, 2006 1.7540 17.5400 14.5754 12.5754Reliance Liquid Fund - TP - Retail - Wkly dividend February 27, 2009 0.0044 0.0436 10.3473 10.3417February 24, 2009 0.0169 0.1691 10.3634 10.3417February 13, 2009 0.0111 0.1107 10.3559 10.3417February 6, 2009 0.0110 0.1099 10.3558 10.3417Reliance Liquid Fund - TP - Retail - Qtly dividend December 19, 2008 0.2170 2.1703 12.4223 12.1438December 27, 2007 2.0261 20.2611 14.0613 11.4613July 4, 2007 2.7274 27.2745 17.0702 13.5703

debt

Reliance Liquid Fund(Treasury Plan)




aSSET aLLOCaTiON

Finance18.66 Banks

57.33


Petrolium - Products4.32


14.08

Constructions4.48

FuNd daTa

Structure . . . . . . . . . . . .Open-ended Liquid SchemeDate of allotment . . . . . . . . . . . . .August 27, 2004Inception Date . . . . . . . . . . . . . .September 2, 2004Corpus . . . . . . Rs 518.55 crore (February 28, 2009)Minimum Investment . . . . . . . . . . . . . . . .Rs 25,000Fund Manager . . . . . . . . . . . . . . . . . . . .Amit TripathiWeighted Average YTM . . . . . . . . . . . . . . . . .8.16%Modified Duration . . . . . . . . . . . . . . . . . . 0.17 YearsWeighted Average Maturity . . . . . . . . . . . 0.21 Years Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . .Crisil Liquid Fund Index

PORTFOLiO OF RELiaNCE FLOaTiNG RaTE FuNd

as on February 28, 2009Holdings Rating Weigh- tage (%) Certificate Of deposit 57.33State Bank of Patiala A1+ by ICRA 8.93Federal Bank Ltd. P1+ 8.65IDBI Bank Ltd P1+ 7.70ICICI Bank Ltd. A1+ by ICRA 6.73Hongkong & Shanghai F1+(IND) Banking Corpn. Ltd. by FITCH 5.75United Bank of India Ltd. A1+ by ICRA 4.68Canara Bank P1+ 4.65State Bank of Hyderabad A1+ by ICRA 4.54Oriental Bank of Commerce P1+ 2.75Allahabad Bank A1+ by ICRA 1.88Punjab National Bank A1+ by ICRA 1.06Commercial Paper 8.63Rabo India Finance Ltd. P1+ 3.84ICICI Home Finance Co. Ltd. A1+ by ICRA 2.88ICICI Securities Ltd P1+ 1.90Floating Rate Note 5.40Citicorp Finance India Ltd. AA+ 2.51G E Money Financial Services Ltd. AAA 1.93Citifinancial Consumer Finance India Limited AA+ 0.97Non Convertible debentures. 2.66Unitech Ltd. F4(IND) by FITCH 2.66Pass Through Certificates 11.90Bharat Petroleum Corporation Ltd. P1+(SO) 4.32Power Finance Corporation Limited AAA(SO) 3.01Sobha Developers LBB-(SO) Limited by ICRA 1.82Indiabulls Financial Services Ltd P1+(SO) 1.62Indian Retail ABS Trust Sr LAAA(SO) 50 Sr A2y PTC by ICRA 1.13Cash and Other Receivables 14.08Grand Total 100.00 NaV aS ON FEBRuaRy 27, 2009 RS

Reliance Floating Rate Fund- Growth Plan 13.7224Reliance Floating Rate Fund- Dividend Plan 10.1253Reliance Floating Rate Fund- Daily Dividend Plan 10.0697Reliance Floating Rate Fund- Weekly Dividend Plan 10.0814

MaTuRiTy PROFiLE

year Weightage (%)Below 1 Year 85.92%Cash & Other Receivables 14.08%Grand Total 100.00%

RaTiNG PROFiLE

Holdings Weightage (%)P1+ 29.50%P1+(SO) 5.94%A1+ 30.70%F1+ 5.75%AAA 3.06%AAA(SO) 3.01%AA+ 3.48%F4(IND) 2.66%LBB-(SO) 1.82%Cash & Other Receivables 14.08%Grand Total 100.00%

ExPENSE RaTiO

Expense Ratio (exclusive of amortisation) 0.58%



NaV PERFORMaNCE OF RELiaNCE FLOaTiNG RaTE FuNd vs CRiSiL LiQuid FuNd iNdEx aS ON September 11, 2006

Period % Change % Change in NaV in index1 Year 6.11 5.52Since Inception 5.70 5.01Reliance Floating Rate Fund was launched on September 2, 2004 and subsequently w.e.f September 12, 2006 the asset allocation has been changed.

NaV PERFORMaNCE OF RELiaNCE FLOaTiNG RaTE FuNd VS CRiSiL LiQuid FuNd iNdEx aS ON February 27, 2009

Period % Change % Change in NaV in index7days 0.17 0.1615 days 0.32 0.3830 days 0.65 0.723 months 2.17 2.446 months 4.62 4.951 Year 9.14 9.02Since Inception 8.62 7.84Inception date : 12/09/2006Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.


For more details on the features of Reliance Floating Rate Fund refer addendum to the offer document dated August 9, 2006

"Returns are of Growth Plan. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV. Past performance may or may not be sustained in the future."

Reliance Floating Rate FundiNVESTMENT OBjECTiVE The primary investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The scheme shall also invest in Fixed Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for fixed returns).

debt

figures in %

diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*February 27, 2009 0.0020 0.0203 10.9195 10.9169February 24, 2009 0.0090 0.0896 10.9284 10.9169February 13, 2009 0.0054 0.0538 10.9238 10.9169February 6, 2009 0.0051 0.0507 10.9234 10.9169Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.



FuNd daTa

Nature . . . . . . . . . . . . . .Open-ended Liquid SchemeDate of allotment . . . . . . . . . . . . . . .June 16, 2005Inception Date . . . . . . . . . . . . . . . . .June 16, 2005Corpus . . . .Rs 14911.30 crore (February 28, 2009)Minimum Investment . . Rs 5 crore for all investors & in multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . . . .Amit TripathiWeighted Average YTM . . . . . . . . . . . . . . . . .7.25%Modified Duration . . . . . . . . . . . . . . . . 0.18 YearsWeighted Average Maturity . . . . . . . . . . 0.44 YearsEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilNo Entry Load for Direct Investments w.e.f January 4, 2008Benchmark. . . . . . . . . . . . . . .Crisil Liquid Fund Index

PORTFOLiO OF RELiaNCE LiQuidiTy FuNd

as on February 28, 2009Holdings Rating Weigh- tage (%) Certificate Of deposit 33.27State Bank of Hyderabad A1+ by ICRA 5.06ICICI Bank Ltd. A1+ by ICRA 4.14State Bank of Mysore A1+ by ICRA 3.25Union Bank of India A1+ by ICRA 2.32AXIS Bank Limited P1+ 2.21IDBI Bank Ltd P1+ 2.08Canara Bank P1+ 1.63Jammu & Kashmir Bank Limited P1+ 1.36State Bank of Bikaner & Jaipur P1+ 1.35State Bank of Patiala A1+ by ICRA 1.24Vijaya Bank PR1+ by CARE 1.00Bank Of Baroda A1+ by ICRA 0.96Punjab National Bank A1+ by ICRA 0.94Syndicate Bank Ltd. PR1+ by CARE 0.83Punjab National Bank PR1+ by CARE 0.82UCO Bank P1+ 0.72Citibank N.A. P1+ 0.67Export Import Bank Of India P1+ 0.64Yes Bank Ltd. A1+ by ICRA 0.33Dena Bank P1+ 0.33Hongkong & Shanghai Banking F1+(IND) Corpn. Ltd. by FITCH 0.33ING Vysya Bank Ltd. P1+ 0.33Andhra Bank Ltd F1+(IND) by FITCH 0.28Federal Bank Ltd. P1+ 0.27Oriental Bank of Commerce P1+ 0.11State Bank of Indore P1+ 0.07Commercial Paper 8.95ONGV Videsh Limited P1+ 4.54Indiabulls Financial Services Ltd P1+ 1.99Indian Oil Corporation Ltd. A1+ by ICRA 1.68Fullerton India Credit Co. Ltd. A1+ by ICRA 0.50I L & F S Ltd. A1+ by ICRA 0.15DLF Limited A1 by ICRA 0.06Housing Development Finance Cor Ltd P1+ 0.03Floating Rate Note 16.63

Tata Steel Ltd. AA 3.65Infrastructure Development LAAA Finance Company Ltd. by ICRA 2.68Power Finance Corporation Limited AAA 1.75Tata Sons Ltd. AAA 1.57Larsen & Toubro Ltd. P1+ 1.34Housing Development Finance Cor Ltd AAA 1.11Citifinancial Consumer Finance India Limited AA+ 0.70L&T Finance Ltd CAREAA+ by CARE 0.60Hindalco F1+(IND) Industries Ltd. by FITCH 0.54G E Money Financial Services Ltd. AAA 0.44Citicorp Finance India Ltd. AA+ 0.36Mahindra & Mahindra Fin Ser Ltd. AA+ 0.34Sundaram Finance Limited LAA+ by ICRA 0.34Indian Railway Finance Corpn. Ltd. AAA 0.26Ge Capital Services India Ltd AAA 0.23Hero Honda Finlease Limited P1+ 0.20IDBI Bank Ltd AA+ 0.19Kotak Mahindra Prime Ltd. LAA by ICRA 0.17Export Import Bank Of India AAA 0.10Ultratech Cement Ltd. AAA 0.07Non Convertible debentures. 3.95Housing Development Finance Cor Ltd AAA 2.48Citifinancial Consumer Finance India Limited AA+ 0.51Citicorp Finance India Ltd. AA+ 0.42National Bank For Agri. & Rural Dev AAA 0.13Cholamandalam DBS LAA Finance Ltd. by ICRA 0.12Infrastructure Development Finance Company Ltd. AAA 0.09Export Import Bank of India AAA 0.07First Leasing Co Ltd PR1+ by CARE 0.07Kotak Mahindra Prime Ltd. P1+ 0.07Pass Through Certificates 11.17INVT Vehicle For Structure Tr 1508 AAA(SO) 1.72Idea Cellular Limited P1+(SO) 1.22Indian Retail ABS Trust 93 LAAA by ICRA 1.12TATA Communications Limited P1+(SO) 0.98INVT Vehicle For Structure Tr 1108 AAA(SO) 0.70Indiabulls Financial Services Ltd P1+(SO) 0.59Hindustan Construction PR1+(SO) Co. Ltd. by CARE 0.45STL Fertilizers F1+(IND)(SO) Private Limited by FITCH 0.41LIC Housing Finance Ltd. AAA(SO) 0.41Indian Retail ABS Trust 91 LAAA(SO) by ICRA 0.36Vodafone Essar Cellular Ltd F1+(IND)(SO) by FITCH 0.36IBM India Private Limited F1+(IND)(SO) by FITCH 0.34Indian Retail ABS Trust Sr 94 AAA(SO) 0.30

Reliance Liquidity FundiNVESTMENT OBjECTiVE The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance FRF - Wkly dividend February 27, 2009 0.0049 0.0491 10.0877 10.0814February 24, 2009 0.0182 0.1823 10.1048 10.0814February 13, 2009 0.0120 0.1200 10.0968 10.0814February 6, 2009 0.0123 0.1231 10.0972 10.0814Reliance FRF - dividend (Monthly) February 19, 2009 0.0542 0.5424 10.1781 10.1085January 19, 2009 0.0592 0.5922 10.1849 10.1089December 19, 2008 0.0595 0.5954 10.1860 10.1096

Reliance Floating Rate Fund

debt

contd...




Finance16.40

Banks32.82

Finance - Asset Backed

5.43

Telecom - Services2.81

Petroleum products

6.41


21.75

Construction0.58


Ferrous Metals3.65

Non-Ferrous Metals0.54

Electrical &Electronics0.34

Media & Entertainment0.29

Miscellaneous1.57

Financial Institution1.20

Fertilisers0.41

Diversified1.34

Industrial Capital Goods0.16Cement

0.07

debt

aSSET aLLOCaTiON

figures in %

Bennett Coleman & Co Ltd P1+(SO) 0.29Indian Retail ABS LAAA(SO) Trust Series 89 by ICRA 0.24Vodafone Essar A1+(SO) Spacetel Limited by ICRA 0.19India Loan Sec Sr 4 Trust 2008 AAA(SO) 0.18Indian Retail ABS Trust 82 AAA(SO) 0.18Bharat Petroleum F1+(IND)(SO) Corporation Ltd. by FITCH 0.18Suzlon Energy Ltd. P1+(SO) 0.16India Loan Sec Sr 1 Trust 2008 AAA(SO) 0.16Indian Retail ABS Trust 85 Sr A1 B AAA(SO) 0.08SME Retail Pool V Trust P1+(SO) 0.08Indian Retail ABS Trust 95 AAA(SO) 0.07DLF Commmercial Complexes Ltd P1(SO) 0.07Indian Retail LAAA(SO) ABS Trust 73 by ICRA 0.06Vodafone Essar F1+(IND)(SO) South Ltd. by FITCH 0.05Indian Retail ABS LAAA(SO) Trust Ser 64 by ICRA 0.03Power Finance Corporation Limited AAA 0.03Retail Trust Feb 2005 LAAA by ICRA 0.02Shriram Transport AA(IND)(SO) Finance Co Ltd. by FITCH 0.02Indian Retail ABS LAAA(SO) Trust Sr 50 Sr A2y PTC by ICRA 0.02Retail Trust August 2006 AAA(SO) 0.02Srei Equipment AA(IND)(SO) Finance Private Ltd by FITCH 0.01Indian Retail ABS Trust Series 88 AAA(SO) 0.01India Retail LAAA(SO) ABS Trust 74 by ICRA 0.01Indian Retail ABS Trust Series 86 AAA(SO) 0.01Hindustan Petroleum Corporation Ltd. P1+(SO) 0.01Indian Retail ABS Trust Series 83 AAA(SO) 0.01Pass Through Certificates (ZCB) 0.04RPS Securitisation LAAA Trust May 05 Ptc ITCL by ICRA 0.04Treasury Bills. 4.2491 Days Tbill (MD 15/05/2009) Sovereign 1.9991 Days Tbill (MD 17/04/2009) Sovereign 1.3391 Days Tbill (MD 13/03/2009) Sovereign 0.91Cash and Other Receivables 21.75Grand Total 100.00


Reliance Liquidity Fund- Daily Dividend Plan 10.0031Reliance Liquidity Fund- Weekly Dividend Plan 10.0019Reliance Liquidity Fund- Monthly Dividend 13.1709Reliance Liquidity Fund- Growth Plan 13.1709

MaTuRiTy PROFiLE

year % of TotalBelow 1 Year 66.09%Cash & Other Receivables 21.75%Between 2 - 4 Years 8.49%Between 1 - 2 Years 3.67%Grand Total 100.00%

RaTiNG PROFiLE

Holdings Weightage(%)Sovereign 4.24%P1+ 23.88%P1+(SO) 3.33%A1+ 17.45%A1+(SO) 0.19%F1+(IND) 1.15%F1+(IND)(S0) 1.28%F1+(SO) 0.05%PR1+ 1.89%PR1+(SO) 0.45%AAA 12.25%LAAA 2.78%LAAA(SO) 1.14%AAA(SO) 4.26%AA+ 3.11%LAA+ 0.34%AA 0.17%AA(IND)(SO) 0.04%LAA 0.12%P1(SO) 0.07%A1 0.06%Cash & Other Receivables 21.75%Grand Total 100.00%

ExPENSE RaTiO

Expense Ratio 0.44%

NaV PERFORMaNCE OF RELiaNCE LiQuidiTy FuNd VS CRiSiL LiQuid FuNd iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index7days 0.15 0.1615 days 0.29 0.3830 days 0.59 0.723 months 2.08 2.446 months 4.59 4.951 Year 9.10 9.023 yrs 8.18 7.53Since Inception 7.72 7.00"Returns are of Growth Plan. Returns less than one year are absolute returns





diVidENd PLaN

date(dd/MM/yy) Rate % (per unit) Cum dividend Ex dividend (Re/ unit) NaV NaV*Reliance Liquidity Fund - Weekly dividend February 27, 2009 0.0044 0.0444 10.0076 10.0019February 24, 2009 0.0166 0.1660 10.0232 10.0019February 13, 2009 0.0109 0.1091 10.0159 10.0019February 6, 2009 0.0110 0.1099 10.0160 10.0019Reliance Liquidity Fund - Monthly dividend November 25, 2008 0.0402 0.4021 12.8956 12.8440February 25, 2008 0.0534 0.5338 10.7585 10.6900January 25, 2008 0.0413 0.4130 10.7387 10.6857Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any.



FuNd daTa

Nature . . .Open-ended, exchange listed, index linked scheme (tracking CNX Bank Index)Date of allotment . . . . . . . . . . . . . . .June 19, 2008Inception Date . . . . . . . . . . . . . . . . . .June 24, 2008Corpus:. . . . . . . . Rs 8.14 crore (February 28, 2009)Minimum Investment . . . On going purchases directly from the Mutual Fund would be restricted to Authorised Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction charges, if applicable, by transferring stocks or cash, value of which is equal to creation unit size. Each creation unit consist of 10,000 units and cash component, if any, of Reliance Banking Exchange Traded Fund.Fund Manager . . . . . . . . . . . . . . . . . . . Krishan Daga Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExchange Listed . . . . . . . . . . . . . . . . . . . . . . . . . NSENSE Symbol . . . . . . . . . . . . . . . . . . . . . . . .RELBANKBenchmark. . . . . . . . . . . . . . . . . . . .CNX Bank Index

PORTFOLiO OF RELiaNCE BaNKiNG ExCHaNGE TRadEd FuNd

as on February 28, 2009Holdings Weightage (%)Equities 97.14State Bank of India 29.96HDFC Bank Ltd. 17.39ICICI Bank Ltd. 16.81AXIS Bank Limited 5.74Bank of India 5.45

Punjab National Bank 4.90Kotak Mahindra Bank Ltd. 4.12Bank of Baroda 3.69Canara Bank 3.12Union Bank of India 3.01IDBI Bank Ltd 1.61Oriental Bank Of Commerce 1.33Cash and Other Receivables 2.86Grand Total 100.00


Reliance Banking Exchange Traded Fund 393.8669

ExPENSE RaTiO

Expense Ratio 0.35%

NaV PERFORMaNCE OF RELiaNCE BaNKiNG ExCHaNGE TRadEd FuNd vs CNx BaNK iNdEx aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months -32.69 -33.16Since Inception -28.22 -29.10Absolute Returns of the Growth Option - Since the Scheme has not com-pleted one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future.

VOLaTiLiTy MEaSuRES

Beta 0.7551Standard Deviation 8.5391R Squared 0.0255Sharpe Ratio -0.0308Portfolio Turnover Rati 0.22

Reliance Banking Exchange Traded FundiNVESTMENT OBjECTiVE The investment objective of Reliance Banking Exchange Traded Fund (RBETF) is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error.

etf

aSSET aLLOCaTiON (%)

Charges upto Rs. 3/sms. No. 1 in terms of AAUM as on 31st January 2009. Source:amfiindia.comSponsor: 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. Reliance Banking Exchange Traded Fund (An open-ended, exchange listed, index linked Scheme) : The investment objective of Reliance Banking Exchange Traded Fund is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error.Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance and no guarantee that the Schemes objectives will be achieved. As with investments in any securities, the NAVs of the units issued under the Scheme can go up or down depending on the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of future performance of the Scheme. Reliance Banking Exchange Traded Fund is only 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 lac towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. 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 guaranteeing or assuring any dividends/ bonus. The Mutual Fund is also not assuring that it will make periodical dividend/ bonus distributions, though it has every intention of doing so. All dividend/ bonus distributions are subject to the availability of distributable surplus in the respective Scheme For details of scheme features apart from those mentioned above and scheme specific risk factors please refer to the Offer Document/Scheme Information Document. Please read the offer document / scheme information document carefully before investing.

Equities 97.14Cash and Other Receivables 2.86


FuNd daTa

Structure . . An open-ended Gold ETF that tracks the domestic prices of gold through investments in physical gold Date of allotment . . . . . . . . . . November 21, 2007Inception Date . . . . . . . . . . . . . November 22, 2007Corpus . . . . . . Rs 204.52 crore (February 28, 2009)Minimum Investment. . . . On going purchase directly from mutual fund would be available only to the Authorised Participants provided the value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business day for the scheme directly from the mutual fund at applicable NAV and transaction charges, if applicable, by depositing Gold or cash, value of which is equal to creation size. Each creation unit consists of 1000 units and cash components, if any, of Reliance Gold Exchange Traded Fund.Exchange listed . . . . . . . . . . . . . . . . . . . . . . . . . NSE NSE Symbol . . . . . . . . . . . . . . . . . . . . . . . RELGOLDFund Manager . . . . . . . . . . . . . . . . . Hiren ChandariaEntry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . NILExit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIl Benchmark. . . . . . As there are no indices catering to the gold sector/securities linked to Gold, . . currently GETF shall be benchmarked against the price of Gold.

PORTFOLiO OF RELiaNCE GOLd ExCHaNGE TRadEd FuNd

as on February 28, 2009Holdings Weigh- tage (%) GOLd 99.88Gold 995 1kg Bar 99.88Cash and Other Receivables 0.12Grand Total 100.00 NaV aS ON FEBRuaRy 27, 2009 RS

Reliance Gold ETF-Dividend Payout 1,496.1069

ExPENSE RaTiO

Expense Ratio 1.00%

NaV PERFORMaNCE OF RELiaNCE GOLd ExCHaNGE TRadEd FuNd-diVidENd PayOuT OPTiON VS GOLd PRiCE aS ON FEBRuaRy 27, 2009

Period % Change % Change in NaV in index6 months 29.03 31.041 Year 23.32 25.59Since Inception 34.60 38.41Absolute Returns of the Growth Option - Since the Scheme has not com-pleted one year. Calculations assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. Past performance may or may not be sustained in the future.

Reliance Gold Exchange Traded FundiNVESTMENT OBjECTiVE

The investment objective is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold (and Gold related securities as permitted by Regulators from time to time). However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and or other related factors

etf

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. Reliance Gold Exchange Traded Fund (An open-ended Gold ETF) : The investment objective is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold (and Gold related securities as permitted by Regulators from time to time). However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and or other related factors. Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance and no guarantee that the Schemes objectives will be achieved. As with investments in any securities, the NAVs of the units issued under the Scheme can go up or down depending on the factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of future performance of the Scheme. Reliance Gold Exchange Traded Fund is only 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 lac towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. 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 guaranteeing or assuring any dividends/ bonus. The Mutual Fund is also not assuring that it will make periodical dividend/ bonus distributions, though it has every intention of doing so. All dividend/ bonus distributions are subject to the availability of distributable surplus in the respective Scheme. For details of scheme features apart from those mentioned above and scheme specific risk factors please refer to the Offer Document/Scheme Information Document. Please read the offer document / scheme information document carefully before investing.


Equity Fund Management Team

Name of the Experience in Total Experience Fund Manager managing the respective fundsMadhusudan Over 16 years Kela, Head - experience in Equity capital marketInvestments Sunil Reliance Growth Over 19 Years of Singhania Fund - Since experience, of Dec 2003 which 13 years in Reliance Equity Capital Markets Fund - Since March 06 Reliance Long Term Equity Fund - Since Dec 2006 Reliance Diversified Power Sector Fund - Since May 2004 Reliance Banking Fund - Since May 2003Ashwani Reliance Index Over 15 years of Kumar Fund - Since experience in Feb 2005 equity research Reliance Vision & 5 years Fund - Since of experience June 2003 in managing Reliance Tax equity portfolios Saver (ELSS) & fund Fund- Since management Sep1t 2005 Reliance Equity Advantage Fund - Since Aug 2007 Reliance Monthly Income Plan - Since Jan 2004 Sailesh Reliance Equity Over 12 years Raj Bhan Opportunities experience in Fund- Since Equity Securities March 2005 research, analysis Reliance Equity and fund Advantage management Fund- Since Aug 2007 Reliance Pharma Fund - Since June 2004 Reliance Media & Entertainment Fund- Since Oct 2004 Reliance Equity Linked Saving Fund - Series 1- Since March 2008Omprakash Reliance NRI Over 18 years of S. Kuckian Equity Fund- experience of Since November which 3 years of 2004 managing Reliance Regular investments in Savings Fund- equities Equity option - Since Oct 2007 Reliance Regular Savings Fund- Balanced option- Since Oct 2007Shiv Reliance Natural Over 7 years of Chanani Resources Fund- experience in Since Feb 2008 Equity Securities research and analysisDeKrishan Daga Reliance Quant Over 16 years of Plus Fund - experience, of Since July 2008 which 13 years in Reliance Banking Equity Research Exchange Traded Fund - Since June 2008

Debt Fund Management Team

Name of the Experience in Total Experience Fund Manager managing the respective fundsMr. Amitabh Reliance Monthly Over 11 and half Mohanty Income Plan- from years experience Oct 07 to Sept 08 in Fixed Income Reliance NRI Income Function Fund- from Oct 07 to Sept 08 Reliance Gilt Securities Fund - from Oct 07 to Sept 08 Reliance Short Term Fund – from Oct 07 to Sept 08 Mr. Amit Reliance Liquidity Over 7 years Tripathi Fund- Since experience in June 05 managing Fixed Reliance Floating Income portfolios Rate Fund – Since Oct 07 Reliance Liquid Fund – Cash Plan – Since Oct 2003 Reliance Income Fund – From Oct 07 to Sept 08 Reliance Liquid Plus Fund – Since March 07 Reliance Monthly Income Plan- Since Oct 08 Reliance Medium Term Fund- Since Oct 08 Ms. Anju Over 9 years Chhajer experience in managing Fixed Income portfoliosMr. Arpit Reliance Medium Around 3 years of Malaviya Term Fund- Since experience of Oct 07 to Sept 08 dealing in fixed Reliance Liquid Fund income securities –Treasury Plan- Since Oct 07 to Sept 08 Reliance Regular Savings Fund- Debt option- Since Oct 07 Reliance Regular Savings Fund- Balanced option- Since Oct 07 Mr. Hiren Reliance Gold ETF Over 3 years exp Chandaria - Since May 2008 in commodity - analysis, advisory, dealing and tradingMr. Prashant Reliance NRI Income Over 7 years Pimple Fund- Since experience in Oct 2008 managing Reliance Income fixed income Fund- Since securities. Oct 2008 Reliance Gilt Securities Fund- Since Oct 2008 Reliance Short Term Fund- Since Oct 2008 Reliance Liquid Fund- Treasury Plan- Since Oct 2008

Reliance Any Time Money Card

The facility of anytime withdrawal will be in addition to the physical mode

of redemption presently available to the unit holders, in any other

scheme/plan. Unitholders can opt for any of the redemption facility as per

his choice and convenience. One cash withdrawal and one balance enquiry

will be free every month on HDFC Bank ATMs only. Charges applicable on

subsequent transactions or balance enquiry. This card shall not be issued

to Minors, HUF, NRI, Pvt/Public Ltd Companies, Partnership Firms,

Proprietorship Firms, Trusts and any other category of investors as defined

in the offer document.


Features/ Scheme

Type

Inception Date

Investment objective

Asset Allocation

Entry Load

Exit Load

Choice of Plans and Options

Fund Manager

Benchmark

Minimum Amount

Cut off Time for Subscription & redemption

SIP

STP

SWP

SnapShot

Retail Plan: For Subscription below Rs 2 crs-2.25%, For subscription of Rs 2 cr & above but below Rs 5 Crs- 1.25%, For subscriptions of Rs 5 Cr & Above -Nil institutional Plan: Nil

Retail Plan: For Subscriptions of less than Rs 5 Crs;

> 1% if redeemed/switched on or before completion of 1 year from the date of allotment.

> Nil if redeemed/switched after the completion of 1 year from the date of allotment ; For subscription of Rs 5 Crs and above, no exit load shall be charged.

institutional Plan: Nil

Under each of Retail and IP Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

equity

Reliance Growth Scheme

An open ended equity growth scheme

October 8, 1995

The primary investment objective of the scheme is to achieve long term growth of capital by investing in equity and equity

related securities through a research based investment approach.

Equity & Equity Related Instruments- 65-100% & Debt & Money Market

Instrument upto 35%

Sunil Singhania

BSE 100

Retail Plan:5000 & in multiples of Re 1 thereafter institutional Plan: Rs.5 crs & in

multiples of Re 1 thereafter

3.00 pm

(only under Retail Plan)


(both Retail and Institutional Plan)


An open ended diversified equity scheme

March 31, 2005

The primary investment objective of the

scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity

related securities and the secondary objective is to generate consistent returns by investing in debt and money market

securities.

Equity & Equity Related Instruments- 75-100% & Debt & *Money Mkt

Instruments upto 25% (*including upto 25% of the corpus in securitised Debt)

Sailesh Raj Bhan

BSE 100



3.00 pm




Reliance Diversified Power Sector Fund

An open ended power sector scheme

May 10, 2004

The primary investment objective of the scheme is to seek to generate continuous return by actively investing in equity and

equity related or fixed income securities of Power and other associated companies

Equity & Equity Related Instruments- 0-100% & Debt & Money Mkt

Instruments with Average Maturity of 5-10 yrs-upto 0-100%

Sunil Singhania

India Power Index



3.00 pm




Reliance Vision Scheme

An open ended equity growth scheme

October 8, 1995

The primary investment objective of the scheme is to achieve long-term growth of capital by investment in equity and equity related securities through a research based

investment approach

Equity & Equity Related Instruments-At least 60% & Debt upto 30% & Money

Mkt Instrument upto 10%

Ashwani Kumar

BSE 100



3.00 pm



(both Retail and Institutional Plans)


Under each of Retail and IP Plans following options are included: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

*Reliance index Fund- Sensex and Nifty Plan was launched on Feb 8,2005. Subsequently the trusteees ofRMF(w.e.f. April 18, 2008) changed the features of the scheme and renamed the same as Reliance Quant Plus Fund. Please refer addendum to the offer document dated March 17, 208.

# Reliance Equity Linked Savings Fund-Series i:- In accordance with the SEBI (MFs) Regulations, NFO expenses not exceeding 6% of the amount mobilised, will be charged to the scheme and will be amortised over a period of 10 years. If the investor opts for the redemption before the completion of 10 years, proportionate unamortised portion of the NFO expenses outstanding as on the date of the redemption shall be recovered from such investor.

*Reliance Regular Savings Fund- Hybrid Option was launched on June 9,2005 and subsequently Hybrid Option has been changed to Balanced Option w.e.f. January 13,2007

Reliance Equity Linked Saving Fund-Series I

10 Year close-ended Equity Linked Saving Scheme

April 1, 2008

The primary investment objective of the scheme is to generate long term capital appreciation from a portfolio

that is invested predominantly in equities along with income tax

benefits

Equity-80-100%& Debt & Money Market Instruments- upto 20%

NA

Nil#

Growth (Growth Option) & Dividend (Payout option)

Sailesh Raj Bhan

BSE 100 Index

Rs 500 & in multiples of Rs 500

thereafter

3.00 pm

(Available during specified redemption period)

Reliance Pharma Fund

An open ended pharma sector scheme

June 8, 2004

The primary investment objective of the scheme is to seek to generate

consistent returns by investing in equity and equity related or fixed income

securities of Pharma and other associated companies

Equity & Equity Related Instruments-0-100% & Debt & Money Mkt

Instruments with Average Maturity of 5-10 yrs-upto 0-100%

For subscription below Rs 2cr-2.25%,

For subscription of 2cr & above but below Rs 5cr-1.25%. For subscriptions

of 5cr and above-Nil

"For Subscriptions of less than Rs 5

Crs;> 1% if redeemed/switched on or before completion of 1 year from the date of allotment. >Nil if redeemed/switched after completion of 1 year from the date of allotment ; For

subscription of Rs 5 Crs and above, no exit load shall be charged.

Sailesh Raj Bhan

BSE Healthcare Index

5000 & Re 1 thereafter

3.00 pm

Reliance Regular Savings Fund - Balanced*

Open ended scheme

June 9, 2005

The primary investment objective of this option is to generate consistent return and appreciation of capital by

investing in a mix of securities comprising of equity, equity related

instruments and fixed income Instruments

Equity and Equity Related Instruments-50%-75%,Debt &

Money Market instruments-25%-50%

For subscription below Rs 2cr-

2.25%, For subscription of 2cr & above but below Rs 5cr-1.00%. For subscriptions of 5cr and above-Nil

"For Subscriptions of less than Rs 5

Crs;> 1% if redeemed/switched on or before completion of 1 year from the date of allotment. >Nil if redeemed/switched after completion of 1 year from the date of allotment ; For

subscription of Rs 5 Crs and above, no exit load shall be charged. "

Growth Plan- Balanced Option

Arpit Malaviya & Omprakash Kuckian

#Crisil Balanced Fund Index #Benchmark of Reliance Regular Savings Fund Balanced Option has

been changed to Crisil Balanced Fund Index from Crisil MIP Index with

effect from 21st Feb-07

Rs. 500 & in multiples of Re. 1

3.00 pm

Growth(Growth & Bonus), Dividend(Payout& Reinvestment)

Retail and Institutional Plan: Growth (Growth and Bonus) & Dividend (Payout and Reinvestment)

Reliance Quant* Plus Fund (Formerly known as Reliance Index Fund.)

Open ended equity scheme

April 18, 2008

The investment objective of the scheme is to generate capital

appreciation through investment in equity and equity related instruments.

The scheme will seek to generate capital appreciation by investing in an

active portfolio of stocks selected from S&P CNX

Nifty on the basis of a mathematical model

Equity & Equity Related Instruments-90-100% & Debt & Money Mkt

Instruments -upto 0-10%

Retail Plan:For Subscription below Rs.2 crores: 2.25%; For Subscription of Rs. 2 crores & above and below

Rs.5 crores: 1.00%. For Subscriptions of Rs.5 crore & above: Nil.


Retail Plan: For Subscriptions of less than Rs 5 Crs per transaction.-1% if

redeemed/switched on or before completion of 1 year from the date of allotment. -Nil if redeemed/switched after completion of 1 year from the date of allotment For subscription of

Rs 5 Crs and above per purchase transaction, no exit load shall be charged. institutional Plan- Nil

Krishan Daga

S&P CNX Nifty

Retail Plan:5000 & in multiples of Re 1 thereafter institutional Plan: Rs.5 crs & in multiples of Re 1 thereafter

3.00 pm




Reliance Natural Resources Fund

Open ended equity scheme

February 26, 2008

The primary investment objective of the scheme is to seek to generate

capital appreciation and provide long term growth opportunities by investing

in companies principally engaged in the discovery, development,

production or distribution of natural resources and the secondary objective

is to generate consistent returns by investing in debt and money market

securities

"Equity and Equity related Securities of companies principally engaged in

the discovery, development, production or distribution of natural

resources in: 65%-100% ( Domestic Companies 65% -100%, Foreign

Companies as permitted by SEBI/RBI from time to time 0%-35%); Debt

and Money market securities (including investments in securitised

debt*):- 0%-35% (*including securitised debt upto 35%)"

Retail Plan: For subscription below Rs 2cr-2.25%, For subscription of 2cr & above but below Rs 5cr-1.25%. For subscriptions of 5cr and above-Nil.


Retail plan: For Subscriptions of less than Rs 5 Crs;> 1% if redeemed/

switched on or before completion of 1 year from the date of allotment. >Nil if redeemed/switched after

completion of 1 year from the date of allotment ; For subscription of Rs 5 Crs and above, no exit load shall be

charged. institutional Plan: Nil

Ashwani Kumar, Shiv Chanani

A custom benchmark created using the BSE-200 to the extent of 65% of

portfolio and MSCI World Energy Index for balance 35% of the portfolio. Since the MSCI World Energy Index will be

US Dollar denominated, the conversion into Indian Rupees will happen based on the settlement price of the MSCI World Energy Index as on the last working day prior to the valuation date using the RBI

reference rate as of 4.00p.m on the valuation date.

Retail Plan:5000 & Re 1 thereafter institutional Plan: Rs.5 crs & Re 1

thereafter

3.00 pm



(both Retail and Institutional Plans)



An open ended media & entertainment sector scheme

October 7, 2004

The primary investment objective of the scheme is to generate continuous returns by investing in equity and equity related

or fixed income securities of Media & Entertainment and other associated

companies

Equity & Equity Related Instruments-0-100% & Debt & Money Mkt Instruments with Average Maturity of 5-10 yrs-upto

0-100%

For Subscription below Rs 2 crs-2.25%, For subscription of Rs 2 cr & above but

below Rs 5 Crs- 1.25%, For subscriptions of Rs 5 Cr & Above -Nil

For Subscriptions of less than Rs 5 Crs; >1% if redeemed/switched on or before completion of 1 year from the date of

allotment. >Nil if redeemed/switched after completion of 1 year from the date of

allotment ; For subscription of Rs 5 Crs and above, no exit load shall be charged.

Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

Sailesh Raj Bhan

S&P CNX Media & Entertainment

Rs. 5000

3.00 pm

SnapShotequity

Features/ Scheme

Type

Inception Date


Asset Allocation

Entry Load

Exit Load


Fund Manager

Benchmark

Minimum Amount


SIP

STP

SWP


An open ended banking sector scheme

May 28, 2003

The primary investment objective of the scheme is to seek to generate continuous returns by actively investing in equity and equity related or fixed income securities of

Banks

Equity & Equity Related Instruments- 0-100% & Debt & Money Mkt

Instruments 0-100%

Retail Plan: For Subscription below Rs 2 crs-2.25%, For subscription of Rs 2 cr & above but below Rs 5 Crs- 1.25%, For subscriptions of Rs 5 Cr & Above -Nil


Retail Plan: For Subscription of less than

Rs 5 Crs; > 1% if redeemed/switched on or before completion of 1 year from the date of allotment. >Nil if redeemed/switched

after completion of 1 year from the date of allotment ; For subscription of Rs 5 Crs and above, no exit load shall be charged.


under Retail and institutional Plan there are two plans: Growth (Growth & Bonus) &

Dividend (Payout & Reinvestment)Sunil Singhania

S&P CNX Banks Index

Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter, institutional Plan: Rs. 5

crore in multiples of Re. 1 thereafter

3.00 pm



(Both Retail & Institutional Plan)

Reliance NRI Equity Fund


November 16, 2004

The primary investment objective of the scheme is to generate optimal returns by

investing in equity and equity related instruments primarily drawn from the

Companies in the BSE 200 Index

Equity & Equity Related Instruments-65-100% & *Debt & Money Mkt Instruments upto 0-35% (*including upto 35% of the

corpus in securitised Debt)

For Subscriptions below Rs 2 Crs- 3%,For Subscriptions of Rs 2 Crs & above but

below Rs 5 Crs -2%, For Subscriptions of Rs 5 Cr & above - Nil

Nil

Om Prakash Kuckian

BSE 200

Rs 5000

3.00 pm

Reliance Tax Saver (ELSS) Fund

An open ended equity linked savings scheme

September 22, 2005

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

Equity and Equity related securities 80-100% and Debt and Money Market

Instrument upto 20%

For Subscriptions below Rs 2 Crs- 2.25%,For Subscriptions of Rs 2 Crs & above but below Rs 5 Crs -1.25%, For Subscriptions of Rs 5 Cr & above - Nil

Nil

Ashwani Kumar

BSE 100

Rs. 500 & in multiples of Rs. 500 thereafter

3.00 pm

(Subject to 3 yrs Lock-in )



Growth (Growth, Bonus) & Dividend (Payout& Reinvestment.)

Growth (Growth) & Dividend (Payout& Reinvestment.)


Reliance Regular Savings Fund-Equity Option

An open ended scheme

June 9, 2005

The primary investment objective of this option is to seek capital appreciation and/or to generate consistent returns by actively investing in Equity

&Equity-related securities

Equity and Equity related securities 80%-100% and Debt and Money Market Instruments with

an average maturity of 5-10 yrs -0%-20%(Securitised debts will be a part of

the debt securities upto 20%).

For Subscriptions below Rs 2 Crs- 2.25%,For Subscriptions of Rs 2 Crs & above but below Rs 5 Crs -1.25%, For Subscriptions of Rs 5 Cr &

above - Nil

"For Subscriptions of less than Rs 5 Crs;> 1% if redeemed/switched on or before completion of

1 year from the date of allotment. >Nil if redeemed/switched after completion of 1 year from the date of allotment ; For subscription of Rs 5 Crs and above, no exit load shall be

charged."

Growth Plan- Equity Option

Omprakash Kuckian

BSE-100

Rs. 500 & in multiples of Re. 1 thereafter

3.00 pm


Open-ended Diversified Equity Scheme

March 30, 2006

The primary investment objective of the scheme is to seek 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 capitalization & 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

Equity and Equity related securities 75-100% and Debt and Money Market Instrument 0-

25%. (An overall limit of 100% of the portfolio value (i.e. net assets including cash) has been

introduced for the purpose of equity derivatives in the schemes)

Retail Plan: For Subscription below Rs 2 crs-2.25%, For subscription of Rs 2 cr & above but below Rs 5 Crs- 1.25%, For subscriptions of Rs

5 Cr & Above -Nil institutional Plan: Nil

Sunil Singhania

S&P CNX Nifty

3.00 pm




Reliance Equity Advanatge Fund


August 9, 2007

The primary investment objective of the fund is to seek to generate capital appreciation and provide long term growth opportunities by

investing in a portfolio predominanatly of equity and equity related instruments with investments

generally in S&P CNX Nifty stocks and the secondary objective is to generate consistent

returns by investing in debt and money market securities.

Equity and equity related securities 70-100%, Debt and money market securities (including investments in securitised debt*) 0-30%.

* Including upto 25% of the corpus in securitised debt.(An overall limit of 100% of the

portfolio value has been introduced for the purpose of equity derivatives in the scheme,

however the same is the notional value and it will be seen that, the notional value of the net exposure to the derivatives will not exceed the

fund corpus at any point of time. Notional value shall mean value of Future or notional value of

Option)

Retail Plan: 2.25% institutional Plan: Nil

Ashwani Kumar & Sailesh Raj Bhan

S&P CNX Nifty

3.00 pm

Reliance Long-Term Equity Fund

A 36 months close ended diversified equity fund

with an automatic conversion into an open ended scheme on expiry of 36 months from the

date of allotment December 27, 2006

The primary investment objective of the scheme is to seek to generate long term capital

appreciation & provide long-term growth opportunities by investing in a portfolio

constituted of equity & equity related securities and Derivatives and the secondary objective is to generate consistent returns by investing in debt

and money market securities

Equity and equity related securities Instruments 70-100%, Debt and money market securities

(including investments in securitised debt) instruments 0-30%. ( An overall limit of 100% of the portfolio value has been introduced for

the purpose of equity derivatives in the scheme)

For subscriptions at the time of NFO N.a. On

ongoing basis on maturity of the scheme when it is converted automatically into an

open-ended scheme:For Subscriptions below Rs 2 Crs- 2.25%,For Subscriptions of Rs 2 Crs &

above but below Rs 5 Crs -1.25%, For Subscriptions of Rs 5 Cr & above - nil

For subscriptions during NFO- If redeemed/ switched before completion 12 months from the date of allotment: 4%,If redeemed/ switched between 12 months - 1 day and on or before

completion of 24 month from the date of allotment-3%,If redeemed/ switched between 24 months - 1 day and on or before completion of 36 month from the date of allotment-2% On

ongoing basis on maturity of the scheme when it is converted automatically into an open-ended

scheme exit load is NiLGrowth (Growth ) & Dividend (Payout )

Sunil Singhania

BSE 200

Rs. 5000

3.00 pm

(Available on maturity of the scheme when it

is converted automatically into an Open- ended Scheme)





"Retail Plan: For Subscriptions of less than Rs 5 Crs;> 1% if redeemed/switched on or before completion of 1 year from the date of allotment. >Nil if redeemed/switched after completion of 1

year from the date of allotment ; For subscription of Rs 5 Crs and above, no exit load shall be charged.

institutional Plan: Nil"

Under Retail and Institutional Plan there are two plans: Growth (Growth & Bonus) & Dividend (Payout & Reinvestment)

"Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter, institutional Plan: Rs. 5 crore in multiples of Re. 1 thereafter"


SnapShotdebt

Features/ Scheme

Type

Inception Date


Asset Allocation

Entry Load

Exit Load


Dividend Frequencies

Dividend Periodicity

Weekly

Monthly

Quarterly

Half yearly

Annual

Fund Manager

Benchmark

Minimum Amount


SIP

STP

SWP

Reliance Income Fund

An open ended income scheme

January 1, 1998

The primary investment objective of the scheme is to generate optimal

returns consistent with moderate level of risk. This income may be

complemented by capital appreciation of the portfolio.Accordingly,

investments shall predominantly be made in Debt & Money Market

Instruments

Debt Instruments 50 - 100%, Money Market Instruments 0 - 50%

Nil

For subscriptions of less than Rs. 1 cr per purchase transaction exit load

shall be: 1% if redeemed/switch – out on or before completion of 12

months from the date of allotment of units. Nil if redeemed/switch – out

after completion of 12 months from the date of allotment of units.

For subscriptions of Rs. 1 cr and above per purchase transaction, exit load

shall be: 1% if redeemed/switch – out on or before completion of 1 month from the date of allotment of units.

Nil, if redeemed/switch out after completion of 1 month from the date

of allotment of units.

Under Retail Plan: Growth (Growth, Bonus) & Dividend (Payout &

Reinvestment)

M,Q,H,A for both options

—

19th

19th of last month of each calendar quarter

19th of last month of each financial year

19th March

Prashant Pimple

Crisil Composite Bond Fund Index

For Growth Option: Rs. 5,000; Monthly Dividend Plan: Rs 25,000; Quarterly Dividend Plan: Rs 10,000; Half Yearly Dividend Plan: Rs 5,000;

Annual Dividend Plan: Rs 5,000

3.00 pm

Reliance Medium-Term Fund

An open ended income scheme with no assured returns

September 25, 2000

The primary investment objective of the scheme is to generate regular income in order to make regular

dividend payments to unitholders and the secondary objective is growth

of capital

Money Market Instruments 0 - 60%,Debt Instruments ** 40 -

100% **Securitised Debt upto 25% of corpus.

Nil

Nil

Under Retail Plan: Growth (Growth, Bonus) & Dividend (Payout &

Reinvestment)

M & Q for both options

—

20th


—

—

Amit Tripathi

Crisil Short Term Bond Fund Index

Rs. 5,000

3.00 pm

Reliance Short-Term Fund


December 23, 2002

The primary investment objective of the scheme is to generate stable

returns for investors with a short term investment horizon by investing in fixed income securities of a short

term maturity

Debt and Money Market Instruments with average maturity upto a year -

60 - 100% & Debt Instruments with average maturity greater than a year and normally upto 7 years depending

upon availability- 40 - 60%

Nil

Nil

Growth (Growth) & Dividend (Payout & Reinvestment)

M & Q for both options

—

25th


—

—

Prashant Pimple

Crisil Liquid Fund Index

Rs. 50,000

3.00 pm

Reliance Floating Rate Fund

An open ended liquid scheme

September 2, 2004

The primary investment objective of the scheme is to generate regular income through investment in a

portfolio comprising substantially of Floating Rate Debt Securities (including floating rate securitised debt, Money

Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns) The scheme shall also invest in Fixed Rate Debt Securities (including fixed rate securitised debt, Money Market Instruments and Floating

Rate Debt Instruments swapped for fixed returns)

Fixed Rate Debt Securities (including fixed rate

securitized debt, Money Market Instruments & Floating Rate Debt Instruments swapped for fixed rate returns)

0-40% Floating Rate Debt Securities (including floating rate securitized debt, Money Market Instruments & Fixed Rate Debt Instruments swapped for floating rate returns)

60-100%

Nil

Nil

Growth (Growth) & Dividend (Payout & Reinvestment)

M (Dividend Payout),Daily-Weekly-Monthly (Dividend Reinvestment)

Every Friday

19th

—

—

—

Amit Tripathi


Rs. 25,000

**Subscription-12.00noon Redemption-3.00 pm

** Pls note the applicable NAV will be on the basis of utilisation of funds before the stipulated cut off timings


Reliance Monthly Income Plan

An open ended fund.Monthly income is not assured and is subject to the availability of

distributable surplus

January 13, 2004

The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital

"Equity and Equity related Securities-Up to

20%, Fixed Income Securities(Debt & MoneyMarket Instruments with average Maturity

of 1 to 7 years.) upto 100%"

Nil

For subscriptions of less than Rs. 1 cr per purchase transaction exit load shall be: 1% if

redeemed/switch – out on or before completion of 12 months from the date of allotment of

units. Nil if redeemed/switch – out after completion of 12 months from the date of

allotment of units. For subscriptions of Rs. 1 cr and above per purchase transaction, exit load shall be: 1% if redeemed/switch – out on or

before completion of 1 month from the date of allotment of units.

Growth (Growth ) & Dividend (Payout & Reinvestment)

M & Q for both the options

—

20th


—

—

Amit Tripathi & Ashwani Kumar

Crisil MIP Blended Index

For Growth Plan; Rs. 10,000; Monthly Dividend Plan:

Rs 25,000; Quarterly Dividend Plan: Rs 10,000

3.00 pm

Reliance Interval Fund

A debt oriented interval scheme

Annual Interval Fund-Series I - 3-May-2007

Monthly Interval Fund- Series I- 15-March-2007 Monthly Interval Fund- Series II - 29- March - 2007

Quarterly Interval Fund- Series I- 3- April-2007 Quarterly Interval Fund- Series II- 7-May-2007 Quarterly Interval Fund- Series III- 6-June-2007

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of :- Central and State Government securities and Other fixed income/ debt securities normally

maturing in line with the time profile of the plan with the objective of limiting interest rate

volatility

For Monthly & Quarterly Series-Money Market instruments(30-100%), Government Securities issued by Central &/or State Govt & other fixed

income/debt securities# including but not limited to Corporate bonds and securitised debt - (0-70%), For Annual Series- Money Market instruments(0-70%), Government Securities issued by Central &/

or State Govt & other fixed income/ debt securities## including but not limited to Corporate

bonds and securitised debt - (30-100%)

Nil

Nil if redeemed on/ during ‘Specified Transaction Period’. For Monthly Interval Fund-0.10%, if redeemed at anytime other than Specified

Transaction Period,for Quarterly Interval Fund 0.30% if redeemed at anytime other than

Specified Transaction Period, for Annual Interval Fund 2.00% if redeemed at anytime other than

Specified Transaction Period

Under Retail and Institutional Plan: Growth (Growth) & Dividend (Payout & Reinvestment)

NA

NA

NA

NA

NA

NA

Amit Tripathi

For Monthly and Quarterly: Crisil Liquid Fund Index & For Annual Series: Crisil Composite Short

Term Bond Fund Index

For Retail Plan : Rs. 5,000 (Rupees Five Thousand ) and in multiples of Re. 1 thereafter ,

For Institutional Plan : Rs. 1,00,00,000/- (Rupees One Crore) and in

multiples of Re. 1 thereafter

3.00 pm

(Available during specified transaction period)

## Debt Securities will also include Securitised Debt, which may go upto 100% of the portfolio. Average maturity of the respective plans will normally be in line with the maturity of the securities. The investment managers shall have the flexibility to invest the debt component into floating rate debt securities in order to reduce the impact of rising interest rates in the economy. Derivatives may be used to create synthetic fixed rate bonds/floating rate bonds.

* Presently, investment only in physical gold is allowed as per SEBI guidelines. Investment in gold related instruments maybe undertaken as and when permitted by SEBI.

Reliance Liquid Fund-CP

Open-ended Liquid Scheme

December 7, 2001

The primary investment objective of the scheme

is to generate optimal returns consistent with moderate levels of risk and high liquidity.

Accordingly, investments shall predominantly be made in Debt and Money Market Instruments

Reverse Repo & CBLO 0 - 100% Mibor Linked instruments with daily Put/ Call Options and Overnight Interest Rate Reset Linked Debt

Instruments*0-100% *Investments in Overnight Interest Rate Reset Linked Debt Instruments (with maturity or put/call greater than one day) shall not

exceed 50% of the corpus of the scheme. No instrument shall have a residual maturity or put/

call of more than 3 years.

Nil

Nil

Growth (Growth) & Dividend (Reinvestment)

W & D under only Dividend Reinvestment option

–

Every Friday

-

-

-

Amit Tripathi


Rs. 25,000

Subscription- 12.00 noon Redemption -3.00 pm

Reliance Liquid Fund-TP

Open-ended Liquid Scheme

March 23, 1998

The primary investment objective of the scheme is to generate optimal returns consistent with

moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments

"Call Money/Cash/Repo and Reverse Repo 0 - 50%, Money Market Instruments (Mibor linked instruments,CPs, T-Bills, CDs and/or other Short

Term papers) 0 - 95%"

Nil

Nil

Growth (Growth) & Dividend (Payout & Reinvestment) under Retail & Institutional Plan

D(reinvest),W(reinvest), under M & Q (both reinvest & payout)

–

Every Friday

25th

19th

-

-

Prashant Pimple


Retail Plan: Rs. 5,000 Institutional Plan: Rs. 1,00,00,000

Subscription-12.00 noon Redemption-3.00 pm

(Retail Plan)

(Retail Plan)


Features/ Scheme

Type

Inception Date


Asset Allocation

Entry Load

Exit Load

Choice of Plans and

Options

Dividend Frequencies

Dividend Periodicity

Weekly

Monthly

Quarterly

Half yearly

Annual

Fund Manager

Benchmark

Minimum Amount


SIP

STP

SWP

SnapShotdebt

Reliance Liquidity Fund

An open ended liquid scheme

June 16, 2005

The investment objective of the

Scheme is to generate optimal

returns consistent with moderate

levels of risk and high liquidity.

Accordingly, investments shall

predominantly be made in Debt

and Money Market Instruments.

“Repo and Reverse Repo 0-35%,Money Market

Instruments (Mibor linked instruments,CPs, T-Bills, CDs) and/

or other Short Term instruments (Floating Rate Notes, Short Tenor

NCDs, PTCs) and/or Less than 1 year maturity Gsecs-

65-100%"

Nil

Nil

Growth (Growth and bonus) &

Dividend (Payout & Reinvestment)


–

Every Friday

25th

19th

-

-

Amit Tripathi


Rs 5 Crs

Subscription-12.00 noon Redemption-3.00 pm

### Reliance Gilt Securities Fund

An open ended Govt. securities scheme

August 22, 2008

The primary investment objective

of the scheme is to generate

optimal credit risk-free returns by

investing in a portfolio of securities

issued and guaranteed by the

Central Government and State

Government

Gilts 70 - 100%, Money Market

Instruments 0 - 30%

For Retail and Institutional Plan: Nil

For Retail Plan: 0.80% if

redeemed within 1 year. For Institutional Plan: Nil

Growth (Growth), Dividend

(Payout & Reinvestment) & PF Option (ACAPO,DMDO,AARO)

M

–

-

25th

-

-

-

Prashant Pimple

I Sec - Li Bex

Retail Plan: Rs. 10,000

Institutional Plan: Rs. 1 cr

3.00 pm

(Retail Plan)

(Retail Plan)

(Retail Plan & Institutional Plan)

###The key features of Reliance Gilt Securities Fund having Short Term Plan and Long Term Plan have been changed w.e.f 22nd Aug 2008. Pursuant to the changes, the scheme will have Retail Plan and Institutional Plan . For more details please refer to the Addendum dated 21st July 2008

Reliance NRI Income


November 16, 2004

The primary investment objective

of the scheme is to generate

optimal returns consistent with

moderate levels of risk. This

income may be complemented by

capital appreciation of the

portfolio. Accordingly, investments

shall predominantly be made in

Debt Instruments

Debt instruments -100%. *Investment in securitised debts upto 40% may be undertaken.

Nil

For subscription upto Rs. 5 Lacs, the exit load will be 0.50%, if the

units are redeemed within 6 months from the date of allotment of units. No exit load is applicable for subscription above Rs 5 lacs

Growth (Growth) & Dividend

(Payout & Reinvestment)

-

–

-

-

-

-

-

Prashant Pimple


Rs. 50,000

3.00 pm

Reliance Money Manager Fund


March 21, 2007

The investment objective of the

Scheme is to generate optimal

returns consistent with moderate

levels of risk and liquidity by

investing in debt securities and

money market securities

Debt* Instruments including Government Securities, Corporate Debt, Other debt instruments and Money Market Instruments with

average maturity less than or equal to 12 months- 0-100%,Debt*

Instruments including Government Securities, Corporate Debt and other debt Instruments with

average maturity greater than 12 months- 0-50% (*Securitised debt upto 60% of the corpus)

Nil

Nil

For Retail and Institutional Plan: Growth,Bonus, Daily Dividend

Reinvestment, Weekly Dividend Reinvestment, Monthly Dividend

Payout, Monthly Dividend Reinvestment Quarterly Dividend

Payout, Quarterly Dividend Reinvestment


–

Every Friday

19th

19th

-

Amit Tripathi

Crisil Liquid Fund IndexFor Retail Plan - 1 lac and in

multiples of Re 1 thereafter, For Institutional Plan - Rs 1 Cr and in


3.00 pm

Reliance Regular Savings Fund-Debt

An open ended scheme

June 9, 2005

The primary investment objective of this option is to

generate optimal returns consistent with a moderate

level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments will

predominantly be made in Debt & Money Market Instruments

Debt Instruments (including securitised debt) with maturity of more than 1 year 65-100% & Money Market Instruments

(including Call Money & Reverse Repo) and Debentures

with maturity of less than 1 year (Securitised debt will be a part of the debt securities, upto 25% of the corpus) -

0-35%

Nil

Nil

Growth Plan- Debt option

NA

–

-

-

-

-

-

Arpit Malaviya


Rs. 500 & in multiples of Re. 1

3.00 pm


SnapShotETF

Reliance Gold Exchange Traded Fund

An open ended gold exchange traded fund that tracks the domestic prices of gold through investments in physical gold.

November 22, 2007

The investment objective is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold (and Gold related securities as permitted by Regulators from time to time). However, the performance of the scheme may differ from that of

the domestic prices of Gold due to expenses and or other related factors..

Physical Gold or Gold elated Instruments as permitted by regulators from time to time*-90-100%, Money Market Instrument Bonds, Debentures, Government Securities including T-Bills, Securitised Debt** & other debt securities as permitted by regulators from time to time-0-

10%(** upto 10% in securitised debt)

Nil

Nil

Dividend Payout option

NA

NA

NA

NA

NA

NA

Hiren Chandaria

As there are no indices catering to gold sectors/securities linked to Gold, currently GETF shall be benchmarked against the price of Gold

On going purchase directly from mutual fund would be available only to the Authorised Participants provided the value of units to be purchased is in creation unit size. Authorised Participants may buy the

units on any business day for the scheme directly from the mutual fund at applicable NAV and transaction charges, if applicable, by depositing Gold or cash, value of which is equal to creation size. Each creation

unit consists of 1000 units and cash components, if any, of Reliance Gold Exchange Traded Fund

For investors who want to buy units on the exchange:As per the exchange timings; For investors

who want to buy units from the AMC- 3.00 pm

Reliance Banking Exchange Traded Fund

Open ended, exchange listed, index linked scheme (tracking CNX

Bank Index)

June 24, 2008

“The investment objective of Reliance Banking Exchange Traded Fund (RBETF) is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the

CNX Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error"

Securities covered by the CNX Bank Index- 90-100%;Money Market instruments including CBLO- 0-10%

Nil

Nil

—

Krishan DagaCNX Bank Index

On ongoing purchases directly from the Mutual Fund would be restricted to Authorised Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction charges,

if applicable, by transfering stocks or cash, value of which is equal to creation unit size. Each creation unit consist of 10,000 units and cash component, if any, of Reliance Banking Exchange Traded Fund. On ongoing basis for all category

of investors, they can purchase the units from the exchange with minimum size being 1 unit

For investors who want to buy units on the exchange:As per the exchange timings; For investors

who want to buy units from the AMC- 3.00 pm


Designated Investor Service CentresReliance capital asset ManageMent liMited

Corporate offiCe: express Building, 4th floor, 14 - ‘e’ -road, opp. Churchgate Station, Churchgate, Mumbai - 400 020. adayar: Shop No. 3, Ground floor, anu arcade, No. 1, 15th Cross Street, Shashtri Nagar, adyar, Chennai-20. aGra: Shop No. 110, Block No. 28/2, Sanjay place LiC road, agra - 282 002. ahMedaBad: 4th floor, Megha house, Mithakhali, Law Garden road, ellis Bridge, ahmedabad – 380 006. ajMer: 3rd floor, india Square, india Motor Circle, Kutchery road, ajmer 305001. aLappuzha: 3rd floor, Chandra Square, Cullen road, alappuzha - 688011 aLuva: poornima building,1st floor, above Centurian Bank, bypass road, aluva - 683101 aLwar: jai Complex, 1st flr., plot No. 1, road No. 2, alwar 301001 aLLahaBad: 2nd floor, house No. 31/59, Shiv Mahima Complex, Civil Lines, allahabad - 211 001. aMBaLa: 2nd floor, Shanti Complex, jagadri road, opp. Civil hospital, ambala Cannt - 133001. aMravati: vimaco towers, C wing 4,5,6, amravati - 444601 aSaNSoL: 2nd floor, Laxi Narayan avenue, room No -30, Murgasol, G.t road, 2nd floor, asansol aMritSar: Sf-1, 2nd floor, 10, eminent Mall, the Mall, amritsar - 143 001. aNaNd: 2nd floor, 204, Maruti Sharnam, anand vidhyanagar road, anand - 388001. aNdheri: Shop no. 3, ground floor, Mona shopping centre, j p road, Near Navrang Cinema, andheri (w),Mumbai - 400058. aNNa NaGar: Shop No. G-5, Ground floor, N r dave Complex, 201/C-34, 2nd avenue, 11th Main road Corner, anna Nagar, Chennai - 600 040. auraNGaBad: C-8,2nd floor,aurangabad, Business center, adalat road, aurangabad - 431001. BaLaSore: Ground floor, Station Bazaar , Balasore 756001 BaNdra: Shop No 6, Ground floor, Mangal Bhavan, junction of 14th road and Khar pali road, Near Bamboo Shoot, Mumbai – 400 052 BaNGaLore: N-112-114, 1st floor, North Block, Manipal centre, dickenson road, Banglore - 560 042. BareiLy: 1st floor, 54, Civil Lines, ayub Khan Chauraha, Bareily - 243001. BardoLi: 1st floor, office No 68,69,70, Mudit palace, Station road, Bardoli – 394601 BeLLary: Gnanandam,first floor,1st Cross, Gandhi Nagar, Bellary - 583101 BerhaMpur: 1st floor, dharma –Nagar (ist Lane) Berhampur -760002 BharuCh: Bluechip, 1st floor, Shevashram road, panch Batti, Bharuch - 392001. BhatiNda: jindal Complex, 1st floor, G t road,Near iCiCi Bank, Bathinda - 151001. BhavNaGar: 3rd floor, Corporate house, plot No. 11B, waghawadi road, Bhavnagar -364004. BhayaNder: Shop No 6, janta housing Bldg No.2, jessel park, Bhayander(e) 401 105 dist. thane. BhiKaji: 2nd floor, Somdatt Chamber -i- 5, B C place, a216 and a217, New delhi-110066. BhiLwara: 1st floor, 101, S K plaza, pur road, bhilwara Bhuj: Ground floor, office No. 1, pooja Complex, Next to iCiCi Bank, Station road, Bhuj – 3700 01 BiKaNer: 1st floor, near M.r.M. office, Modern MarketCircle.BhopaL: ff-7, 1st floor, Mansarovar Comercial Complex, Near habibganj railway station, Bhopal-462 016. BhuBaNeShwar: 2nd floor, Near Kalsi petrol pump, 5 - janpath Karvil Nagar,Bhubaneshwar - 751001. BoKaro: Ground floor, B/15, Sector – 4, City Centre, Next to dCC Bank, Bokaro Steel City - 827004. BorivaLi: Shop No. 5, ground floor, Kapoor aprtment, punjabi Galli, Near iCiCi Bank Ltd, Borivali (w)-92. BorivaLi (w): 602, 603 & 604 Sai-Leela Commercial Complex, Sai-Leela S.v.road Nr rasoi hotel, Borivali (w), Mumbai-92. CaLiCut: 6/1002M, 4th floor, City Mall, Kannur road (opp y.M.C.a), Calicut – 673 001. ChaNdiGarh: SCo 127-128, 1st floor, Sector 9 C, Chandigarh 160 009. CheMBur: XLNC Chambers, Shop No. 2, opp. idBi Bank, Chembur, Mumbai – 400 071.CheNNai: reliance house, No. 6 haddows road, opp Shastri Bhavan, Chennai 600006. CoiMBatore: 575 C, Shylaja Chambers, d B road, r S puram, Coimbatore - 641 002.CuttaCK: Ground floor, Mahtab road dolamundei, Cuttack-753001 dadar: Shop No.12, Ground floor, yusuf Building Nos 1, 31-31C junction of ranade road & Gokhale road, dadar, Mumbai -28. daLhouSie: 14B, 18, British indian Street, Gf Shop No. 14, Kolkata - 700 001. dehraduN: 2nd floor, NCr Corporate plaza, New Cantt road, dehradun - 248001. dhaNBad: 4th floor, Shree Laxmi Complex, Bank Mode, dhanbad - 826001. diNdiGuL: 2/2, 1st floor, Surya tower, above iCiCi Bank, Salai road, dindigul - 624001 doMBivLi: 1, Sadguru ChS, phadke Cross rd., dombivli 421 201. durGapur: 4th floor, City plaza, City Center –durgapur – 713216. erode: Samy’s Nest, No.63, Mosuvanna Street evN road, erode -638011 faridaBad: Booth no. 112-p, Sector-15, urban estate, faridabad - 121 007. GaNdhiNaGar: office No 313, Meghmalhar, Sector 11, Ch road, Gandhinagar - 382 017 GhaziaBad: rdC-16, advocate Chambers, raj Nagar, Ghaziabad - 201 002. Godhra: 2nd floor, Gurukrupa Complex, LiC road, Near SBi, Godhara – 389001 GoraKhpur: 1st floor, radhika Complex, Medical road, Gorakhpur - 273409 GuNtur: pranavam plaza, door No. 5-35-69, 4/9, Brodipet, Guntur - 522002 GurGaoN: Shop no. 207, dLf Central arcade, dLf -ii, Gurgaon, haryana - 122 001. Guwahati: 2e, 2nd floor, dihang arcade, aBC, rajiv Bhavan, G S road, Guwahati - 781 005. GwaLior: 3rd floor, alaknanda tower, City Centre, Gwalior – 474002. haLdwaNi: 1st floor, j K tower, Nainital road, teri puliya, Kathgodam, haldwani – 263139 hoShiyarpur: 2nd floor, eminent Mall, plot No. B-XX/214, Main Court, hoshiyarpur - 146001. howrah: Gokul apartment, Gr. floor,14 watkins Lane, howrah - 711101. huBLi: eureka junction, 1st flr, above iCiCi Bank, travellers Bunglow road, hubli - 580029. hyderaBad: 2nd floor,”Shobhan, 6-3-927/a & B, Somajiguda, raj Bhawan road, hyderabad – 500082. iNdore: 303 & 304, d M tower, race Course rd., indore 452 001. jaBaLpur: 90/1a, dayanand Saraswati ward, 2nd floor, ahuja tower, Bhanwartal extension, 46 Napiar town , jabalpur - 482001 jaipur: G-4, Ground floor, Brij anukampa Complex plot No. K-13, ashok Marg, C Scheme, jaipur - 302 016. jaLaNdhar: 1st floor, Gobind Mall, 25 G t road, jalandhar 144 001 jaLGaoN: 18, 2nd floor, dhake Colony, dhake

Carporate Centre, jalgaon – 425 001 jaMMu: Banu plaza, B- 2, 206, South Block, railway head, jammu, jammu & Kashmir - 8004. jaMNaGar: Shop no. 4 & 5, Ground floor, Shilp, indira Nagar, jamnagar - 361 140. jaMShedpur: 2nd floor, om tower, Mainroad, Bistupur, jamshedpur - 831 001. jaNaKpuri: Shop no. 14, B Block Community Centre, janak puri, New delhi - 110058. jayaNaGar: 76/11, elephant rock road, iii, jayanagar, Banglore - 560 011. jhaNSi: 1st floor, 493, “Stephen house”, Civil Lines, opp. Munnalal power house, Gwalior road, jhansi - 284001 jodhpur: C/o. reliance infocomm, L.K. tower, 2nd floor, opp. idBi Bank, Chopasni road, jodhpur - 342 001. juNaGarh: 1st floor, Moti palace Building, opposite raiji Baug, Moti Baug, junagarh – 362001 KaLyaN: Mahavir Complex No.2, Gala No-4, Ground fr., Santoshi Mata road, Kalyan west Mumbai - 421301. KaNNur: 1st floor, Grand plaza, fort road, kannur - 670001 KaNpur: Ground floor,office No-3, 14/113, Civil Lines, Kanpur - 208 001. KhaNNa: 2nd floor, Surya tower, G t road, Khanna - 141401 KoChi: 2nd floor, thekkekara Mansion, opp. Kavita theatre, M G road, Kochi - 682 035. KoLhapur: upper Ground floor,Gemstone - rd vichare Complex, Near Central St stand, New Shahupuri, Kolhapur - 416 001. KoLKata: unit no. 10,11 & 12, 5th floor, fMC fortuna, a j C Bose, Kolkata 700 020. Kota: Ground floor, Mewara plaza,344, Shopping Centre, rawatbhata gumanpura road, Kota -324007 KottayaM: 1st floor, Kaniyamparambil arcade, Shastri road, Kottayam – 686001 LaXMi NaGar: roots tower, plot No.7, Laxmi Nagar distt Centre, delhi, 110092 LuCKNow: 11-a, Gr. floor, Saran Chamber ii, 5 park road, Lucknow - 226 001. LudhiaNa: Lower Ground floor, SCo 127- 128-129, feroze Gandhi Market, Ludhiana - 141001. Madurai: 1st floor, Suriya towers, 272, 273, Goods Shed Street, Madurai - 625001. MaLLeSwaraM: door No.89 (old no.36), Ground floor, 3rd Cross, Sampige road, Malleswaram, Banglore - 3. MaNGaLore: 4th floor , Maximus Commercial Complex, Lhh road, opp KMC, Mangalore - 575001. MarGoa: Shop No. 3, Mira Building, pajifond, Near jain Mandir, Margao, Goa - 403601. Mathura: 1st floor, tera tower, Bhuteshwar road, Mathura Meerut: Ground floor, G-13, rama plaza, wK road, Meerut - 250001. MehSaNa: f – 9, f – 10, f – 11,1st floor, wide angle, Mehsana highway, Near Khari Bridge, Mehsana – 384002 MuLuNd: office No. 308/309, 3rd flr, B wing, Shankardhan plaza, j N road, Mulund (w), Mumbai – 400 080 MuMBai: Mittal Chambers, 228, Ground floor, Nariman point-21. MuradaBad: Shop No. G-18, Chadha Shopping Complex, GMd road, Moradabad - 244 001. Muzaffarpur: 1st floor, opp devi Mandir ,Near LiC zonal office , Club road , ramna, Muzaffarpur-842002 MySore: Shop No. 1, Ground floor, Mahindra arcade, Saraswathipuram, 2nd Main road, Mysore - 570009. Nadiad: 201, iSCoN arCade, 2nd floor, College road, Nadiad - 387001 NaGpur: office # 2, 3rd floor, a Block poonam Chambers, Chhindwara road, Byramji town, Nagpur - 440 013. NaSiK: Ground floor 57, Karamkala Building, opp. old Corporation Building, New pandit Colony, Sharanpur road, Nasik 422002. NavSari: Chinmay arcade, 3rd floor, (3/1&2), opp Sattapir Sayaji road, Navsari -396445. Nehru pLaCe: Sf-17, 18, 19, Ground floor, devika tower, 6, Nehru place, New delhi - 110 019. New deLhi: 804, 805, 807, 8th floor, ashoka estate, 24, Barakhamba road, New delhi - 110 001. Noida: Shop No. 1, Gound floor, ansal fortune arcade, Secotor 18, Noida, - 201301. paLaKKad: 3rd floor, east Side, Ghanis, fort Maidan, Kunnathurmedu p.o. palakkad – 678013. paNaji: 1st floor, Block “d”, office No.: f17, f18, f19 & f20, Mahatma Gandhi road, panajim -403001. paNipat: office No. 514, 1st floor, Krishna tower, Near hdfC Bank, G t road, panipat 132001. paNveL: Shop No.2,plot No 206/12,Middle Class ChS Ltd, panvel – 400 706 pathaNKot: 2nd floor, LML, Mahajan Sales, dhangu road, Near power house, pathankot - 145001. patiaLa: SCo 116 - 119, first floor, New Leela Bhavan, opposite rLiC, patiala - 147001. patNa: 4th floor, Shahi Building, exibhition road, opp. Chanakya Cinema hall, patna 800001. pitaMpura: Shop No. Gf - 17, Ground floor, agarwal Millenium tower, plot No. 1,2,3, Netaji Subhash place, pitampura, delhi - 110034. poNdiCherry: jayalakshmi Complex, r.S No. 34/5pt, Block No. 5, thiruvalluvar – Salai, Kuyavarpalyam, pondicherry - 605005. puNe: 201, 202, 2nd floor & 301, 3rd floor, Sanas Memories, f C road, Shivaji Nagar, pune - 411 004 puNe CaMp: Shop No. 6, Chetna housing Society, General thimmaya Marg, pune Camp, pune – 410 001 raipur: 1st floor, d M plaza, Chhotta para, fire Brigade chowk, raipur- 492 001. rajaMuNdry: jetty enclave, door No. 79-2-9/3, tilak road, opposite Saibaba temple, rajamundry – 533 103 rajKot: 2nd floor, plus point, opp haribhai hall, dr. yagnik road, rajkot - 360001. raNChi: office No. 317, 3rd floor, “panchwati plaza”, Kutchery road, ranchi – 834001. raurKeLa: 4th floor, triveni Complex, Madhusudan Marg, rourkela, orissa - 769001. rewa: Second floor, ‘a’ Block, Shilpi plaza,peeli Kothi, rewa-486001. rohtaK: jawahar Market, 1st floor, 323/321, delhi road, Nr. d park, rohtak, haryana – 124004. SaLeM: 2nd floor, Kandaswarna Mega Mall, Survey No. 186/2e, alagapuram, opp Saradha College, fairlands, Salem - 636016. SaLt LaKe City: B d 25, Salt Lake, Sector - 1, Kolkata 64 ShiMLa: 3rd floor, Bell villa, the Mall, Shimla ShiMoGa: 3rd floor, Shree Karthik plaza, Nehru road, durgigudi, Shimoga - 577201 SiLiGuri: Gitanjali Complex, 1st floor, Sevoke road, Siliguri 734001. SoutherN aveNue: Ground floor, 200 Sarat Bose road, Near deshpriya park, opp. Sarat Bose road post office, Kolkata 700 020. Surat: No.118, 1st floor, jolly plaza, opp. athwagate police Chowki, athwagate Circle, Surat - 395001. SureNdra NaGar: 2nd floor, office No 236, 237, Mega Mall, St Bus Stand road, Near Milan Cinema, Surendra Nagar – 363 002 t NaGar: old No. 31 & 32, New no. 52 & 54, tvL Boag willa, North Boag road, t Nagar,Chennai – 17. taMBaraM: 1st floor, Northern portion, No 5. first floor, G.S.t


Sponsor Reliance Capital Ltd Trustee Reliance Capital Trustee Co Ltd Investment Manager Reliance Capital Asset Management Ltd Statutory Details The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956. Risk Factors Mutual Funds and securities investments are subject to market risks and there is no assurance and no guarantee that the Schemes objectives will be achieved. As with investments in any securities, the NAVs of the units issued under the Schemes can go up or down depending on the factors and forces affecting the securities market. Reliance Vision Fund, Reliance Growth Fund, Reliance Income Fund, Reliance Liquid Fund, Reliance Medium-Term Fund, Reliance Short-Term Fund, Reliance

Gilt Securities Fund, Reliance Banking Fund, Reliance Monthly Income Plan, Reliance Diversified Power Sector Fund, Reliance Pharma Fund, Reliance Media & Entertainment Fund, Reliance Floating Rate Fund, Reliance NRI Equity Fund, Reliance Index Fund, Reliance Equity Opportunities Fund, Reliance Liquidity Fund, Reliance NRI Income Fund, Reliance Tax Saver (ELSS) Fund, Reliance Regular Savings Fund and Reliance Equity Fund are only the names of the Schemes and does not in any manner indicate either the quality of the Schemes, their future prospects or returns. Past performance of the Sponsor or its group affiliation is not indicative of future performance of the Schemes. The Sponsor is not responsible or liable for any loss resulting

from the operation of the Schemes beyond their initial contribution of Rs 1 lakh towards the set-ting up of the Mutual Fund. The Mutual Fund is not guaranteeing or assuring any dividends / bonus. The Mutual Fund is also not assuring that it will make periodical dividend / bonus distribu-tions, though it has every intention of doing so. All dividend / bonus distributions are subject to the availability of distributable surplus in the respective Schemes. The liquidity of the Schemes investments may be inherently restricted by trad-ing volumes, settlement periods and transfer pro-cedures. Scheme-specific risk factors have been mentioned in the Offer Document. Please read the Offer document carefully before investing.

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road, tambaram Sanatorium, Chennai thaNe: 3, Ground floor, Saptashri ChS Ltd., talapali, Near hdfC Bank, thane - 400 601. thaNjavur: 2nd floor, Shop No (3a), No. 70, Srinivasan pillai road, thanjavur - 613001. thriSSur: 4th floor, pathayapura Building, round South, thrissur - 680001. tiNSuKia: 1st flr., Satyam towers , S.r lohia road (SBi Gali) Near iCiCi Bank tinsukia - 786125 tirupati: 1st floor, 20-1- 136/d,Maruthi Nagar,tirumala By pass road,tirupati - 517501triChy: 2nd floor, tab Complex, 41 williams road, Cantonment, trichi 620001. thiruvaLLa: 2nd floor, erinjery Building, M C rd., thiruvalla 689107 trivaNdruM: 1st flr,uthradam, panavila junction, trivandrum 695001. tutiCoriN: 1st floor, City Centre, 315, wGC road, tuticorin – 628002 udaipur: 2nd floor, 1(2)a, K p arcade, fatehpura, opp. uit office, udaipur, rajasthan – 313001. ujjaiN: 3rd floor, office No 309 and 310, Mani trade Centre, Shanku freeganj, ujjain - 546006 vadodara: 101-102 tilak Complex, opp pizza inn, jetalpur road, vadodara - 390 005. vapi: 1st floor, royal fortune, 102 b/b, 102b/c, daman Chala road, opp upasna School, vapi–396191 varaNaSi: unit no. 2, 1st floor, arihant Complex, Sigra varanasi - 221 010. vaSCo: Shop No. S-1, our Lady of Merces Building, opp. K.t.C Bus Stand, Mundvel, vasco da Gama, Goa - 403802. vaShi: thacker tower, 702 & 703, Sector No. 17, vashi, Navi Mumbai – 400 705 veLLore: 2nd foor, 19/a, officers Line, vellore- 632001 vijayawada: 3rd floor, Surya tower,above icon showroom, M G road, Labbipet, vijayawada-520 010. viSaKhapatNaM: 2nd floor, vrC Complex,dwarka Nagar, vishakhapatnam-530016.. virar: d-20, Kamanwala Kunj, Co-op hsg Society, aghasi road, opp omkar hospital, virar (west) – 401303 warraNGaL: Ground floor, h No. 5-9-130,130/1&130/2, khwadi,hanamkonda,warangal - 506001 yaMuNaNaGar: 1st floor, 514,515

KaRvy coMputeRshaRe pRivate liMited

AHMEDABAD 201 Shail Buildings, Opp Madhusudhan House, Off C G Road, Near Navrangpura Telephone Exchange, Ahmedabad - 380 006 AGRA 17/2/4, 2nd Floor, Deepak Wasan Plaza, Sanjay Place (Behind Holiday inn), Agra - 282 002 AJMER 12, II Floor, Ajmer Tower, Kutchary Road, Ajmer - 305 001 AMRITSAR 72-A, Taylor's Road, Aga Heritage Gandhi Ground, Amritsar - 143 001 ALLAHABAD 1st Floor, Meena Bazar, 10, Sardar Patel Marg, Civil Lines, Allahabad ASANSOL 18 GT Road, 1st floor, Asansol - 713 301 ANAND Opp Union Bank of India, My Fair Road, Anand - 388 001 AURANGABAD Shop No 214/215, Tapadiya City Centre, Nirala Bazar, Aurangabad - 431 001 BARODA 31-34 Payal Complex, Beside Vadodara Stock Exchange, Opp Vakal Seva Kendra, Sayajigunj, Baroda - 390 005 BHUBANESHWAR 642, Sahid Nagar, Bhubaneshwar - 751 007 BHARUCH F/135, Rangoli Complex, Station Road, Bharuch - 392 001 BHILAI Shop No 114 & 115, Gr Floor, Dhillon Complex, Akash Ganga, Supela, Bhilai - 495 023 BHOPAL Kay Kay Business Centre, 133, Zone 1, M P Nagar, Bhopal - 462 011. BANGALORE No 51/25, 1 St Floor, Surya Building, Ratna Avenue, Richmond Road, Bangalore - 560 025 BHAVNAGAR 134 / 135, Madhav Darshan, Waghawadi Road, Bhavnagar - 364 001 BOKARO KC-7, 2nd floor, Sector -4, City Centre, Bokaro Steel City - 827 004. CALICUT P S Building, PT Usha Road, Opp Amalapuri Colony, Calicut - 673 001 CHANDIGARH SCO-371-372, First Floor, Above HDFC Bank, Sector 35B, Chandigarh - 160 022 CHENNAI Flat 2-B First Floor, Wellington Estate, No 24 Ethiraj Salai, Commander In Chief Road, Chennai - 600 015 COCHIN 39 Panampilly Nagar, Ernakulam - 682 036 COIMBATORE SNV Chambers, 482/483, Ponne Street, Opp Power House, Cross Cut Rd, Coimbatore - 641 012 DHARWAD G7 & 8, Shi Banashankari Avenue, Ramnagara, Dharward - 580 001 DEHRADUN 2nd floor, Shiva Palace, (Opp Secretariat), Rajpur Road, Dehradun DURGAPUR Dutta Automobiles Building, 1st Floor, Benanchity, Durgapur - 713 213. DHANBAD 4th floor, Shree Laxmi Complex, Bank More, Dhanbad- 826 001. ERODE No 4, KMY Salai, Veerappan Traders Complex, Opp Erode Busstand, Sathy Road, Erode - 638 003 GOA 7 & 8, 1st Floor, EL Dorado Plaza, Heliodoro, Sulgado Road, Panjim - 403 001 GORAKPUR Above VIP

House, Adjacent AD Girls College, Bank Road, Gorakpur - 273 001 GUWAHATI 2nd Floor, Ram Kumar Plaza,Chatribari Road, Near Himatshinga Petrol Pump, Guwahati - 781 001 GUNTUR Door No 6-10-18 , Chunduri House, 10/1, Arundelpet, Guntur - 522 002 GWALIOR 37/38, Near Nadi Gate Pul, Mlb Road, Shinde Ki Chhawani ,Lashkar, Gwalior - 474 001 HUBLI Giriraja House, No 451/B, Ward No 1, Club Road, Hubli - 580 029 HYDERABAD No 21, Avenue 4, Street No 1, Adj Rainbow Hospital, Banjara Hills, Hyderabad - 500 034 INDORE 303-304 D.M. Towers, 21/1 Race Course Road, Near Janjirwala Square, Indore - 452 001. JALANDHAR Lower Gr Floor, Office No 3, Plot No 28, G T Road, Jalandhar - 144 004 JAMSHEDPUR 2nd floor, Om towers, Near Astha Trade Centre, Main Road, Jamshedpur - 831 001. JALGAON 1, Shresta Apartments, Balirampeth, Jalgaon - 425 001 JAIPUR 108-110, 1st Floor, Anukampa Mansion II, Opp Raymond Showroom, M I Road, Jaipur - 302 001 JHANSI Chamber No 5, Lower Gr Floor, 48 Chambers Complex, Behind Nandani Niwas, Elite Chauraha, Jhansi - 284 001 JODHPUR Reliance Mutual Fund, 637-B, 2nd Floor, Bhansali Tower,Residency Road,Jodhpur Ph. no. 0291-3201831-32 KANPUR 15/46, B First Floor, Opp MUIR Mills, Civil Lines, Kanpur - 208 001 KARAIKUDI Gopi Arcade, 100 Feet Road, Karaikudi - 630 001 KOLKATA 16 Jatin Bagchi Road, Kolkata - 700029. KOTA AL-HATMI Complex , 2nd Floor, 257, Shopping Centre, Kota - 324 007 KOTTAYAM 1st Floor, CSI Ascension Church Complex, Kottayam - 1 LUCKNOW 94, Mahatma Gandhi Marg, Opp Governor House, Lucknow - 226 001 LUDHIANA SCO-2, Gr Floor, Aptech Building, Feroze Gandhi Market, Ludhiana - 141 001 MUMBAI 26/30, Fort Foundation Bldg, Maharashtra Chamber of Commerce Lane, Opp MSC Bank, Fort, Mumbai - 400 023 MANGALORE Mahendra Arcade, Gr Floor, Kadialbail, Mangalore - 575 003 MARGAO 3rd floor, Kurtarkar Commerce Centre, Above Hotel Swad, Margao, Goa - 403 601 MEERUT 1st floor, Medi Centre, Opp Eves Cinema, Hapur Road, Near Bachha Park, Meerut - 250 002 MORADABAD 1st Floor, Singh Bhawan, Taari Khana Chowk, G M D Road, Moradabad - 244 001 MYSORE L-350, Silver Tower, Clock Tower, Mysore - 570 001 NASIK F-1 Suyojit Sankul, Sharanpur Road, Nasik - 422 002 NAGPUR 230 / 231 Shriram Shyam Tower, Near N.I.T. Building, Sadar, Nagpur - 440 001 NEW DELHI 105-108, Arunachal Building, 19, Barakhambha Road, Connaught Place, New Delhi - 110 001 PATNA 4th floor, Shani Bhawan, Above ICICI Bank, Exhibition Road, Patna - 800 001. PONDICHERRY 1st Floor, No 7, Thiayagaraja Street, Pondicherry - 605 001 PUNE 202 Mahadkar Chambers, Maruti Mandir Chowk, Karve Road, Pune - 411 029 RAJAHMUNDRY 79-1-3/1, First Floor, Near Ramalayam Centre, Jawaharlal Nehru Road, Rajahmundry - 533 101 RAIPUR: Room No LL 12 & 13, Gr Floor, Millennium Plaza, Behind Indian Coffee House, G E Road, Raipur - 492 001 RAJKOT 104, Siddhi Vinayak Complex, Opp. Ram Krishna Ashram, Dr. Yagnik Road, Rajkot - 360 001. RANCHI Commercial Towers, 3rd floor, Beside Mahabir Towers Main Road, Ranchi - 834 001. ROURKELA 2, Rani Market Complex, Udit Nagar, Rourkela - 769 012 SHILLONG Mani Bhawan Annexe, Gr Floor, Opp RKM ELP School, Lower Police Bazar, Shillong - 739 001 SURAT M/7 Empire State Building, Near Udhna Darwaja Ring Road, Surat - 2 SILIGURI Sanat Trade Centre, 1st Floor, Sevoke Road, Dist Darjeeling, Siliguri - 734 401. SALEM 40, Brindavan Road, Nr Perumal Koil, Fair Lands, Salem - 636 016 TRICHY 60 Srikrishna Arcade, 1st Floor, Thennur High Road, Trichy - 621 017 TRIVANDRUM 2nd floor, Akshaya Towers, Sasthamangalam, Trivandrum - 695 010 TIRUPUR RCR Complex, 254, II Floor, Avanashi Road, Tirupur - 641 603 TIRUNELVELI Jeney Building, 55/18, S N Road, Near Arvind Eye Hospital, Tirunelveli - 627 001 VARANASI D-64/132,1st Floor, Anant Complex, Sigra, Varanasi VIJAYAWADA 39-10-7 Opp Municipal Water Tank, Labbipet, Vijaywada - 520 010 VISAKHAPATNAM 47-14-5/1 Eswar Paradise, Dwaraka Nagar, Main Road, Visakhapatnam - 530 016

disclaimers: The views expressed herein are the personal views of the Fund Managers. The views constitute only the opinions and do not constitute any guidelines or recommendation on the course of the action to be followed. Readers are strongly advised to verify the contents before taking any investment decision based on this opinion. The above is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. The readers should exercise due caution and/or seek independent professional advice before making any investment decision or entering into any financial obligation based on information, statement or opinion which is expressed herein. These are not necessarily the views of Reliance Capital Asset Management Ltd. Neither the AMC, the trustees, the Fund nor any of their affiliates or representatives assume any responsibility/liability for the accuracy, completeness, adequacy and reliability of information provided herein. The information contained herein has been obtained from sources published by third parties. While such publications are believed to be reliable and we have made best efforts to avoid any errors or omissions, however, neither the AMC, the Trustees, the Fund nor any of their affiliates or representatives assume any responsibility for the accuracy, completeness, adequacy and reliability of such information. Mutual Fund Investments are subject to market risk, please read the Scheme Information Document / Offer Document carefully before investing.

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