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Your daughter's marriage is a landmark event in your life and saving up for it requires smart judgement. Reliance Monthly Income Plan (MIP) invests in Debt & Equity instruments with an aim to give you a regular monthly income.
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This product is suitable for investors who are seeking*
· Regular income and captital growth over long term.
· Investment in debt & money market instruments and equities & equity related securities
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Investors understand that their principal
will be at Moderate risk
RelianceMonthly Income Plan(An open ended fund. Monthly Income is not assured and is subject to
availability of distributable surplus)
Contact your financial advisor for further detailsCall 1800 300 11111 | SMS ‘MIP’ to 561617 | www.reliancemutual.com
Badhte kharchon ke liye mazboot income plan
Aims at giving regular monthly returns
Regular & Stable returnsHelps minimise tax liabilityTax free dividend
Daily redemption facilityEasy redemption
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Wealth Sets You Free
Reliance Monthly Income Plan
Asset Allocation as on 28 th February, 2018
Please note the above asset allocation may vary as per the market conditions; corporate debt includes zero coupon bonds
Portfolio Features as on 28 th February, 2018Weighted Average YTM(debt portion of portfolio)1 8.75 %
Modified Duration 3.03 yrs
Weighted Average Maturity 4.49 yrs
1The weighted average YTM displayed above is for the invested amount of the portfolio ( i.e. excluding other receivables) For the entire portfolio weighted average YTM , i.e. including other receivables is 8.53%
Investment ObjectiveThe primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital.
Benchmark Crisil MIP Blended Fund Index
Inception Date 29th Dec 2003
Month end AUM as on 28.02.2018 Rs. 2,179.88 Crs
Fund Manager Amit Tripathi (for debt) & Sanjay Parekh (for equity)#
Exit Load w.e.f 15th Jan 2016**10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO).
• 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units
• Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
**If charged, the same shall be credited to the scheme immediately net of service tax, if any
# Jahnvee Shah: Dedicated Fund Manager for Overseas Investments
Positioning
� A hybrid fund which intends to offer the power of equity along with the stability of debt.
� Current Investment focus towards ~80% in debt and ~20% in equities.� Ideal for a predominantly fixed income investor with a marginal
appetite for equity risk. � The investment horizon should be 3 years or more so that the long
term benefit of having a marginal exposure to equity pays off.
Current Investment Strategy
Debt Portfolio: The portfolio has been positioned with medium to long term view of softening of interest rates and improved macros of Indian Economy � The fund manages the duration through G-Sec exposure & high
accrual through right blend of short to medium tenor corporate bonds
� In line with our view on interest rate, the fund has G-Sec exposure of 25% - 35% so as to maintain modified duration of 4.5 – 6.5 yrs.
� The remaining debt exposure is currently in non psu corporate bonds which helps to give high carry to the portfolio
Equity Portfolio: Investment style is Growth at reasonable price (GARP)
� Flexi cap portfolio with minimum 50% of equity exposure in large cap stocks and rest in mid and small cap stocks. If divergence between midcap and large cap stocks is not too large then would even increase allocation to large cap stocks.
� Key strategy is to take aggressive sector deviation calls, yet being quite conservative by having high margin of safety in stock selection.
�Bottom up stock selection of stocks (early identification) with a long term view have been a key strength of the Portfolio. Endeavor is to keep Capital Preservation & Quality bias in mind for stock selection.
� Endeavors to remain invested in equities upto 20% with minimum allocation to cash & cash equivalents
Why Invest in Reliance Monthly Income Plan: � Indian economy is witnessing visible turnaround with improving
GDP growth, industrial production, declining fiscal & current account deficit etc.
� The yields are at elevated levels and interest rate outlook seems favorable. The current scenario offers the potential opportunity to lock in high accruals, with the expectation that these levels of yields may not sustain over the medium term.
� Additionally, the fund may also benefit from capital appreciation in falling interest rate scenario. Thus, it aims to maintain a fair balance between accrual and duration.
� Also, equity market sentiment witnessed a significant turnaround and there has been a sharp recovery over the last few months. However, despite the recent run-up, we believe India is in a nascent bull market phase & current equity markets offer opportunities for long term wealth creation.
Scheme specific Risk factor: Trading volumes and settlement periods may restrict liquidity in equity and debt investments. Investment in Debt is subject to price, credit, and interest rate risk. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The NAV may also be subjected to risk associated with investment in derivatives, foreign securities or script lending as may be permissible by the Scheme Information Document.
Disclaimers: The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommenda-tions or as a professional guide for the readers. Before making any investments, the readers are ad-vised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor, the Investment Manager, the Trustee, their respective direc-tors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.
Mutual Fund Investments are subject to market risks,read all scheme related documents carefully.
Corporate Bond, 59.14%
Equity, 19.51%
Government Bond, 3.82%
InvIT, 0.19%
Cash & Other Receivables, 17.34%