Reliance October 2010

8/6/2019 Reliance October 2010

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FUNDAMENTALSOctober 2010

Every successful journey starts with a bond of trust.Every successful journey starts with a bond of trust.

15 years of wealth creation

tutory Details: Reliance Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882. Sponsor: Reliance Capital Limited.tee: Reliance Capital Trustee Company Limited. Investment Manager: Reliance Capital Asset Management Limited (Registered Office of Trustee & Investment Manager:iance House" Nr. Mardia Plaza, Off. C.G. Road, Ahmedabad 380 006). The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956.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 Mutuald and such other accretions and additions to the corpus Reliance Growth Fund (An open ended Equity Growth Scheme): The primary investment objective of the scheme ischieve long term growth of capital by investing in equity and equity related securities through a research based investment approach. Asset Allocation: Equity and Equityted Instruments: 100 to 65%, Debt Instruments & Money Market Instruments: 35 to 0%. Reliance Vision Fund (An open ended Equity Growth Scheme): The primarystment 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.

et Allocation: Equity and Equity related Instruments: 100 to 60%, Debt Instruments: 30 to 0%, Money Market Instruments: 10 to 0%. Loads (for both the Schemes):Entryd - Nil, Exit Load - 1%, if redeemed or switched out on or before completion of 1 year from the date of allotment of units, Nil thereafter. Terms of issue: The NAV of bothSchemes will be calculated and declared on every Working Day. The Schemes provide sale / switch - in & repurchase /switch - out facility on all Business Days at NAV based

es. Risk Factors: Mutual Funds and securities investments are subject to market r isks and there is no assurance or guarantee that the objectives of the Scheme will beeved. 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 capitalkets. Reliance Growth Fund and Reliance Vision Fund are only the names of the Scheme and does not in any manner indicate either the quality of the Scheme; its future

spects or returns. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The NAV of the Scheme may be affected,ralia, 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 periodi-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 ofeme features apart from those mentioned above and for Scheme Specific Risk factor, Please refer to the Scheme Information Document. Please read the Scheme Informationument and Statement of Additional Information carefully before investing.


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2 FundamentalsSeptember 2010

e geun

Your Fund Guide

Equit

Diversified Lrge CpReliance Vision Fund....................................................................................................................................3Reliance Equity Advantage Fund................................................................................................................4

Reliance Quant Plus Fund...........................................................................................................................5

Reliance NRI Equity Fund...........................................................................................................................6

Reliance Equity Fund....................................................................................................................................7

Diversified Mid CpReliance Growth Fund.................................................................................................................................8

Reliance Long Term Equity Fund................................................................................................................9Diversified Multi CpReliance Regular Savings Fund Equity Option.......................................................................................10

Reliance Equity Opportunities Fund.........................................................................................................11

BlcedReliance Regular Savings Fund Balanced Option.................................................................................12

Diversified Theme BsedReliance Infrastructure Fund.....................................................................................................................13

Reliance Natural Resources Fund.............................................................................................................14

SectrReliance Banking Fund..............................................................................................................................15

Reliance Diversified Power Sector Fund...........................................................................................15-16

Reliance Media & Entertainment Fund............................................................................................16-17

Reliance Pharma Fund.......................................................................................................................17-18

T SverReliance Tax Saver (ELSS) Fund.........................................................................................................18-19

Reliance Equity Linked Saving Funds - Series 1.....................................................................................19

Fied Icme

Ultr Shrt TermReliance Floating Rate Fund Short Term Plan...............................................................................22-23

Reliance Money Manager Fund.........................................................................................................23-25

Reliance Medium Term Fund.............................................................................................................25-26

LiquidReliance Liquidity Fund.............................................................................................................................20

Reliance Liquid Fund Treasury Plan.......................................................................................................21Reliance Liquid Fund Cash Plan.............................................................................................................22

Shrt TermReliance Short Term Fund..................................................................................................................26-27

Lg Term

Reliance Regular Savings Fund Debt Option................................................................................27-28Reliance Income Fund........................................................................................................................28-29

GiltReliance Gilt Securities Fund....................................................................................................................30

MIPReliance Monthly Income Plan................................................................................................................31

Echge Trded Fuds

ETFReliance Banking Exchange Traded Fund................................................................................................32

Reliance Gold Exchange Traded Fund......................................................................................................32

Reliance Dynamic Bond Fund..................................................................................................................29

Dmic


3/443FundamentalsOctober 2010

Equit : Diversified Lrge Cp FUnD DaTa

Type. . . . . . . An Open Ended Equity Growth SchemeDate of allotment . . . . . . . . . . . . . October 8, 1995Inception Date . . . . . . . . . . . . . . . . October 8, 1995Corpus: . . . . 3697.96 crores (September 30, 2010)Minimum Investment . . . Retail Plan - Rs 5,000 andin multiples of Re 1 thereafter. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr andin multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . Ashwani KumarEntry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan: Nil. . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .Retil Pl & Istitutil Pl 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completion of1 year from the date of allotment of units

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load willbe charged by the Scheme to the investor effectiveAugust 1, 2009. Upfront commission shall be paiddirectly by the investor to the AMFI registeredDistributors based on the investors' assessment ofvarious factors including the service rendered by thedistributor.Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index

PoRTFoLIo oF RELIanCE VISIon FUnD

as on September 30, 2010Hldigs Weightge (%)

Equities 95.55

State Bank Of India 11.04Oil & Natural Gas Corporation Ltd. 5.32Tata Steel Ltd. 4.41Siemens Ltd. 4.22Divi's Laboratories Ltd. 4.16Bharat Forge Ltd. 3.52Maruti Suzuki India Ltd. 3.51Glaxosmithkline Pharmaceuticals Ltd. 3.48Larsen & Toubro Ltd. 3.34Infosys Technologies Ltd. 3.31Aventis Pharma Ltd. 3.22

Reliance Industries Ltd. 3.20Cadila Healthcare Ltd. 3.19Bharat Petroleum Corporation Ltd. 2.96ICICI Bank Ltd. 2.71NTPC Ltd. 2.64Reliance Infrastructure Ltd. 2.60Canara Bank 2.54Tata Consultancy Services Ltd. 2.26Financial Technologies India Ltd 2.18United Spirits Ltd. 2.16Automotive Axles Ltd. 1.96Hindustan Petroleum Corporation Ltd. 1.78Ashok Leyland Ltd. 1.75Cairn India Ltd. 1.63Bharti Airtel Ltd. 1.49ITC Ltd 1.30 Jaiprakash Associates Ltd. 1.28HDFC Ltd 1.25Tata Motors Ltd. 1.19Reliance Communications Ltd 1.11Ranbaxy Laboratories Ltd. 1.05Mahindra Forgings Ltd. 1.05

Pantaloon Retail (India) Ltd. 1.03Equity Less Than 1% Of Corpus 1.72IDR,Wrrts,Derivtives,Debt, Csh d otherReceivbles 4.45Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.8514Standard Deviation 4.1947R Squared 0.9243Sharpe Ratio 0.0363Portfolio Turnover Ratio 1.33Note: The above measures have been calculated by taking rolling return for

a 3 year period from September 30, 2007 with 6.27% Risk Free returns

(taken as 91days T-bill yield as on September 29, 2010)

naV aS on SEPTEMBER 30, 2010 RS

Reliance Vision Fund-Growth Plan 298.7151Reliance Vision Fund-Bonus Plan 50.1663Reliance Vision Fund-Dividend Plan 48.7266Reliance Vision Fund-Institutional Growth 298.6885Reliance Vision Fund-Institutional Dividend 273.9135

DIVIDEnD HISToRy

Dte Rte Cum *E-(Re/ Divided DividedUit) naV naV

February 24, 2003 3.00 27.65 24.51 June 25, 2003 2.50 30.51 28.01September 23, 2003 2.50 37.52 35.02

December 3, 2003 4.50 46.04 42.02February 5, 2004 10.00 43.96 33.96 June 4, 2004 3.00 29.36 26.19December 17, 2004 2.50 37.40 35.61March 28, 2005 5.00 38.02 32.36December 19, 2005 3.00 48.02 44.85March 28, 2006 7.50 54.43 47.39October 9, 2006 2.00 50.40 48.40 January 19, 2007 8.00 55.80 47.79October 26, 2007 3.00 67.06 65.93March 14, 2008 7.00 51.89 41.52March 20, 2009 2.00 26.38 25.27November 27, 2009 5.00 45.59 41.40March 30, 2010 2.50 43.57 41.12

"Pst perfrmce m r m t be sustied i the future; Dividenddistribution is subject to availability & adequacy of distributable surplus. TheMutual Fund is not assuring that it will make periodical dividend

distributions, though it has every intention of doing so. After the payment ofdividend, the per unit NAV falls to the extent of the dividend payout anddistribution taxes, if any. Performance of Dividend Plan/Option would benet of applicable statutory levy, if any

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

PERFoRManCE oF RELIanCE VISIon FUnDvs BSE 100 InDEx aS on SEPTEMBER 30, 2010

Perid Returs f Returs fScheme (%) Bechmrk (%)

6 months 18.63 14.091 Year 25.65 19.003 Years 8.26 5.815 Years 21.17 18.39Since Inception 25.44 13.28"Returns are of Retail Plan - Growth Plan. Returns less than one year areabsolute returns and returns of one year and more are compounded annual-

ized returns. Calculations assume all payouts during the period have beenreinvested in the units of the scheme at the prevailing NAV. Pst perfrmcem r m t be sustied i the future.

SPECIaL FEaTUREReliance Any Time Money Card

RelianceVision FundnVESTMEnT oBjECTIVE

The primary investment objective of the scheme is tochieve long-term growth of capital by investment in

equity and equity related securities through a researchbased investment approach.

16.29%

15.10%

7.94%

7.74%

6.95%

6.46%

5.99%

4.57%

4.41%

4.22%

3.46%

3.34%

2.59%

2.22%

1.96%

1.28%

1.03%

0.00%

BANKS

PHARMACEUTICALS

PETROLEUM PRODUCTS

SOFTWARE

OIL

AUTO

POWER

INDUSTRIALPRODUCTS

FERROUS METALS

INDUSTRIALCAPITALGOODS

CONSUMER NON DURABLES

CONSTRUCTION PROJECT

TELECOM - SERVICES

FINANCE

AUTOANCILLARIES

CEMENT

RETAILING

MISCELLANEOUS

PoRTFoLIo CoMPoSITIon aS on

SEPTEMBER 30, 2010

Equities95.55%

DR,Warrants,Derivatives,Debt, Cash and

Other Receivables4.45%

SECToR aLLoCaTIon aS on SEPTEMBER 30, 2010

figures in %

SIP RETURn

as on September 30, 2010Perid 1 yer 3 yer 5 yer Sice IceptiSIP Start Date October 1, 2009 October 1, 2007 October 1, 2005 October 8, 1995Current NAV (As on September 30, 2010) 298.72 298.72 298.72 298.72Total No. of units accumulated 47.44 180.00 333.12 7273.41Total Amount Invested in Rs. 12000 36000 60000 180000Market Value of Scheme in Rs. 14172.47 53768.45 99506.68 2172676.54Market Value if invested in Benchmark in Rs. 13821.63 50622.78 92873.96 779250.44Return on SIP in Scheme 37.04% 28.35% 20.54% 29.32%Return on SIP in Benchmark (BSE 100) 30.82% 23.85% 17.68% 17.73%Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked outon Microsoft Excel spreadsheet function known as XIRR.b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that

load has not been taken into consideration.d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the

concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager doesnot assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with otherinvestments. SIP does not guarantee or assure any protection against losses in declining market conditions. Pst perfrmce my r my t be sustied i future.

Industry Classification as per AMFI.


4/444 FundamentalsOctober 2010

Equit : Diversified Lrge Cp

13.63%

12.05%

11.65%

6.91%

6.19%

5.02%

4.52%

4.23%

3.95%

3.93%

3.41%

3.01%

2.69%

2.47%

1.44%

1.43%

1.36%

1.27%

1.26%

1.20%

0.44%

SOFTWARE

BANKS

PETROLEUM PRODUCTS

FINANCE


POWER

AUTO

OIL

TELECOM - SERVICES

FERROUS METALS

INDUSTRIALCAPITAL GOODS

DIVERSIFIED


PHARMACEUTICALS

INDUSTRIALPRODUCTS

CONSTRUCTION

CHEMICALS

CEMENT

NON - FERROUS METALS

MISCELLANEOUS

MINERALS/MINING


FUnD DaTa

Type. . . . . An Open Ended Diversified Equity SchemeDate of allotment . . . . . . . . . . . . . .August 8, 2007Inception Date . . . . . . . . . . . . . . . . .August 9, 2007Corpus . . Rs 1326.65 crore (September 30, 2010)Minimum Investment . . . Retail Plan - Rs 5,000 andin multiples of Re 1 thereafter. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr andin multiples of Re 1 thereafterFund Manager . . .Ashwani Kumar & Sailesh Raj BhanLoad Structure:Entry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan Nil. . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .Retil Pl &Istitutil Pl: 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completion of1 year from the date of allotment of units.* In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load willbe charged by the Scheme to the investor effectiveAugust 1, 2009. Upfront commission shall be paiddirectly by the investor to the AMFI registeredDistributors based on the investors' assessment ofvarious factors including the service rendered by thedistributor.Benchmark. . . . . . . . . . . . . . . . . . . . .S&P CNX Nifty

PoRTFoLIo oF RELIanCE EQUITyaDVanTaGE FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 97.45Reliance Industries Ltd. 7.44HDFC Ltd 6.91Larsen & Toubro Ltd. 6.19HDFC Bank Ltd. 6.18ICICI Bank Ltd. 5.87Tata Consultancy Services Ltd. 4.89HCL Technologies Ltd. 4.84Maruti Suzuki India Ltd. 4.52Oil & Natural Gas Corporation Ltd. 4.23Tata Steel Ltd. 3.93Siemens Ltd. 3.41Hindustan Unilever Ltd. 3.01Infosys Technologies Ltd. 2.87Reliance Infrastructure Ltd. 2.82ITC Ltd 2.69Reliance Communications Ltd 2.01Bharat Petroleum Corporation Ltd. 1.98Bharti Airtel Ltd. 1.93Hindustan Petroleum Corporation Ltd. 1.91DLF Ltd. 1.43Pidilite Industries Ltd. 1.36Tata Power Co. Ltd. 1.30ACC Ltd 1.27Sterlite Industries Ltd. 1.26Kirloskar Oil Engines Ltd 1.20Graphite India Ltd. 1.17KPIT Cummins Infosystem Ltd. 1.03Equity Less Than 1% Of Corpus 4.39

Equity Equivalents 5.42Csh d other Receivbles 2.55Grd Ttl 100.00

VoLaTILITy MEaSURES





Reliance Equity Advantage Fund-Growth Plan 13.9345Reliance Equity Advantage Fund-Bonus Plan 13.9345Reliance Equity Advantage Fund-Dividend Plan 13.9345Reliance Equity Advantage Fund-Institutional Bonus Plan 14.1716Reliance Equity Advantage Fund-Institutional Dividend Plan 14.1716

PERFoRManCE oF RELIanCE EQUITy aDVanTaGEFUnD vs S&P Cnx nIFTy aS onSEPTEMBER 30, 2010


6 months 19.98 14.581 year 20.20 18.613 Years 8.89 6.275 Years N.A. N.A.Since Inception 11.98 10.51Returns of Retail Plan- Growth Plan. Returns less than one year are absolute

returns and returns of one year and more are compounded annualized

returns. Calculations assume that all payouts during the period have been

reinvested in the units of t he scheme at the then prevailing NAV. Pst

perfrmce m r m t be sustied i the future.


RelianceEquity AdvantageFundInVESTMEnT oBjECTIVE

The primary investment objective of the scheme is toseek to generate capital appreciation & provide long-term growth opportunities by investing in a portfoliopredominately of equity & equity related instrumentswith investments generally in S & P CNX Nifty stocksand the secondary objective is to generate consistentreturns by investing in debt and money & moneymarket securities.


SEPTEMBER 30, 2010

Equity & EquityEquivalents97.45%

Cash and OtherReceivables2.55%

figures in %





RelianceQuant Plus Fund

InVESTMEnT oBjECTIVE

The investment objective of the Scheme is togenerate capital appreciation through investment inequity and equity related instruments. The Schemewill seek to generate capital appreciation by investingin an active portfolio of stocks selected from S & PCNX Nifty on the basis of a mathematical model.

FUnD DaTa

Type. . . . . . . . . . . . . An Open Ended Equity SchemeDate of allotment . . . . . . . . . . . . . . .April 18, 2008Inception Date . . . . . . . . . . . . . . . . . .April 18, 2008Corpus . . . . . Rs 42.25 crore (September 30, 2010)Minimum Investment . . . Retail Plan - Rs 5,000 andin multiples of Re 1 thereafter,. . . . . . . . . . . . Institutional plan - Rs 5 crore and inmultiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . . . Krishan DagaEntry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan Nil. . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .Retil Pl & Istitutil Pl: 1% of the applicable NAV if redeemed or switchedout on or before completion of 1 year from the dateof allotment of units. There shall be no exit load after completion of1 year from the date of allotment of units.* In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load willbe charged by the Scheme to the investor effectiveAugust 1, 2009. Upfront commission shall be paiddirectly by the investor to the AMFI registeredDistributors based on the investors' assessment ofvarious factors including the service rendered by thedistributor.Benchmark ........ S&P CNX Nifty

PoRTFoLIo oF RELIanCE QUanT PLUS FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 89.39

Infosys Technologies Ltd. 8.66Reliance Industries Ltd. 8.18Larsen & Toubro Ltd. 7.77HDFC Bank Ltd. 7.07ITC Ltd 6.96State Bank Of India 6.90ICICI Bank Ltd. 6.59Tata Consultancy Services Ltd. 5.27Oil & Natural Gas Corporation Ltd. 4.98Tata Motors Ltd. 4.16Other Equities 22.84Wrrts,Csh d other Receivbles 10.61

Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.8784Standard Deviation 4.0791R Squared 0.9760Sharpe Ratio 0.0630Portfolio Turnover Ratio 1.89Note: The above measures have been calculated by taking rolling return

since inception with 6.27% Risk Free returns (taken as 91days T-bill yield

as on September 29, 2010)


Reliance Quant Plus Fund-Growth Plan 14.3249Reliance Quant Plus Fund-Bonus Plan 14.3249Reliance Quant Plus Fund-Dividend Plan 14.3249

PERFoRManCE oF RELIanCE QUanT PLUS FUnD-RETaIL PLan - GRoWTH vs S&P Cnx nIFTy FRoMaPRIL 18, 2008 To SEPTEMBER 30, 2010


6 Months 21.32 14.581 Year 24.17 18.61

3 Years N.A. N.A.5 Years N.A. N.A.Since Inception 15.79 8.30Inception date- April 18, 2008"Returns are of Retail Plan - Growth Plan. Returns less than one year areabsolute returns and returns of one year and more are compoundedannualized returns. Calculations assume all payouts during the period havebeen reinvested in the units of the scheme at the prevailing NAV. Pstperfrmce m r m t be sustied i the future."

Reliance Index Fund Sensex Plan and Nifty Plan was launched on February8, 2005. Subsequently the trustees of RMF (w.e.f April 18, 2008) changedthe features of the scheme and renamed the same as Reliance Quant PlusFund. For more details on the features of Reliance Quant Plus Fund pleaserefer addendum to the offer document dated March 17, 2008.

22.70%

13.93%

9.42%

7.77%

6.96%

6.89%

4.98%

3.86%

3.47%

3.12%

2.29%

2.02%

1.98%

BANKS

SOFTWARE

PETROLEUM PRODUCTS



AUTO

OIL

FERROUS METALS

TELECOM - SERVICES


PHARMACEUTICALS

POWER




SEPTEMBER 30, 2010

Equities89.39%

Warrants,Cash a ndOther Receivables

10.61%

figures in %





RelianceNRI Equity FundInVESTMEnT oBjECTIVE

The primary investment objective of the scheme is togenerate optimal returns by investing in equity andequity-related instruments primarily drawn from theCompanies in the BSE 200 Index.

FUnD DaTa

Type. . . . . An Open Ended Diversified Equity SchemeDate of allotment: . . . . . . . . . . November 15, 2004Inception Date . . . . . . . . . . . . . November 16, 2004Corpus: . . . . . .142.64 crore (September 30, 2010)Minimum Investment . . . .Rs 5,000 & in multiples of. . . . . . . . . . . . . . . . . . . . . . . . . . . . Re.1 thereafter.Fund Manager . . . . . . . . . . . . . . Omprakash KuckianEntry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . . 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completion of

1 year from the date of allotment of units.


PoRTFoLIo oF RELIanCE nRI EQUITy FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 97.67Tata Motors Ltd. 6.93

State Bank Of India 6.82Corporation Bank 6.07Oil India Ltd. 5.27Cummins India Ltd. 5.16Oil & Natural Gas Corporation Ltd. 4.92Oracle Financial Serv Software Ltd 4.70ICICI Bank Ltd. 4.68HCL Technologies Ltd. 4.42Infosys Technologies Ltd. 4.28Zee Entertainment Enterprises Ltd 4.21Reliance Industries Ltd. 4.15Grasim Industries Ltd. 3.89Reliance Infrastructure Ltd. 3.75Bajaj Finserv Ltd. 3.75Larsen & Toubro Ltd. 3.60Divi's Laboratories Ltd. 3.59Hindustan Petroleum Corporation Ltd. 3.56

Sterlite Industries Ltd. 3.51Pantaloon Retail (India) Ltd. 3.39Voltas Ltd. 3.38Hindustan Unilever Ltd. 3.25Equity Less Than 1% Of Corpus 0.40Csh d other Receivbles 2.33Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.9562Standard Deviation 4.7428R Squared 0.9120Sharpe Ratio 0.0431Portfolio Turnover Ratio 0.36Note: The above measures have been calculated by taking rolling return fora 3 year period from September 30, 2007 with 6.27% Risk Free returns(taken as 91days T-bill yield as on September 29, 2010)


Reliance NRI Equity Fund-Growth Plan 42.5986Reliance NRI Equity Fund-Bonus Plan 42.5986

Reliance NRI Equity Fund-Dividend Plan 25.3440

DIVIDEnD HISToRy


August 7, 2006 1.00 19.6692 18.6693 January 29, 2007 2.50 23.9940 21.3911August 17, 2007 2.00 22.4467 20.7827March 14, 2008 1.50 21.3340 18.5803September 18, 2009 4.00 23.5344 19.7095Pst perfrmce m r m t be sustied i the future; Dividenddistribution is subject to availability & adequacy of distributable surplus. TheMutual Fund is not assuring that it will make periodical dividenddistributions, though it has every intention of doing so. After the payment ofdividend, the per unit NAV falls to the extent of the dividend payout anddistribution taxes, if any. Performance of Dividend Plan/Option would benet of applicable statutory levy, if any

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

PERFoRManCE oF RELIanCE nRI EQUITy FUnDVS BSE 200 InDEx aS on SEPTEMBER 30, 2010


6 Months 22.41 14.871 Year 27.59 20.793 Years 9.60 6.085 Years 23.52 18.16Since Inception 27.92 22.07"Returns are of Growth Plan. Returns less than one year are absolute returnsand returns of one year and more are compounded annualized returns.Calculations assume all payouts during the peri od have been reinvested inthe units of the scheme at the p revailing NAV. Pst perfrmce m rm t be sustied i the future."

17.57%

13.40%

10.19%

7.71%

6.98%

6.93%

5.16%

4.21%

3.89%

3.79%

3.75%

3.75%

3.59%

3.51%

3.25%

0.00%

BANKS

SOFTWARE

OIL

PETROLEUM PRODUCTS


AUTO

INDUSTRIALPRODUCTS

MEDIA& ENTERTAINMENT

CEMENT

RETAILING

POWER

FINANCIALSERVICES

PHARMACEUTICALS


DIVERSIFIED

MISCELLANEOUS


SEPTEMBER 30, 2010

Equities97.67%

Cash and OtherReceivables2.33%


figures in %

SIP RETURn

as on September 30, 2010Perid 1 yer 3 yer 5 yers Sice iceptiSIP Start Date October 1, 2009 October 1, 2007 October 1, 2005 November 16, 2004Current NAV (As on September 30, 2010) 42.60 42.60 42.60 42.60Total No. of units accumulated 336.23 1344.36 2511.04 3458.26Total Amount Invested in Rs. 12000 36000 60000 71000Market Value of Scheme in Rs. 14322.81 57267.93 106966.73 147316.96Market Value if invested in Benchmark in Rs. 13868.71 51455.37 93759.42 125001.85Return on SIP in Scheme 39.74% 33.16% 23.55% 24.82%Return on SIP in Benchmark (BSE 200) 31.65% 25.06% 18.07% 19.16%Assumptions:

a) Returns on SIP and Benchmark are annualised and cumul ative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked o uton Microsoft Excel spreadsheet function known as XIRR.

b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that


concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager doesnot assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with otherinvestments. SIP does not guarantee or assure any protection against losses in declining market conditions. Pst perfrmce my r my t be sustied i future.





14.74%

7.58%

7.54%

6.96%

5.30%

4.67%

4.49%

3.47%

3.41%

2.91%

2.79%

2.76%

2.31%

2.17%

0.00%

17.21%SOFTWARE

BANKS

PHARMACEUTICALS

PETROLEUM PRODUCTS

OIL

POWER

AUTO




RETAILING

TELECOM - SERVICES


ENGINEERING

CONSTRUCTION

MISCELLANEOUS


FUnD DaTa

Type. . . . . An Open Ended Diversified Equity SchemeDate of allotment . . . . . . . . . . . . . March 28, 2006Inception Date . . . . . . . . . . . . . . . . March 30, 2006Corpus . . .Rs. 1814.55 crore (September 30, 2010)Minimum Investment . . . Retail Plan - Rs 5,000 andin multiples of Re 1 thereafter. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr andin multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . Omprakash KuckianEntry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan: Nil. . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .Retil Pl & Istitutil Pl: 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completionof 1 year from the date of allotment of units.

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load willbe charged by the Scheme to the investor effectiveAugust 1, 2009. Upfront commission shall be paiddirectly by the investor to the AMFI registeredDistributors based on the investors' assessment ofvarious factors including the service rendered by thedistributor.

Benchmark . . . . . . . . . . . . . . . . . . . . .S&P CNX Nifty

PoRTFoLIo oF RELIanCE EQUITy FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 88.32Oil & Natural Gas Corporation Ltd. 6.96Tata Consultancy Services Ltd. 6.64ICICI Bank Ltd. 6.13Reliance Industries Ltd. 5.44State Bank Of India 5.36Reliance Infrastructure Ltd. 5.30HCL Technologies Ltd. 4.64Divi's Laboratories Ltd. 4.56Zee Entertainment Enterprises Ltd 3.47Bharat Heavy Electricals Ltd. 3.41Financial Technologies India Ltd 3.41Canara Bank 3.25United Spirits Ltd. 3.03Cipla Ltd. 3.02Reliance Communications Ltd 2.79Sterlite Industries Ltd. 2.76Pantaloon Retail (India) Ltd. 2.67Infosys Technologies Ltd. 2.52Maruti Suzuki India Ltd. 2.38Engineers India Ltd 2.31Other Equities 8.25Csh d other Receivbles 11.68Grd Ttl 100.00Derivatives (Figures as a % Of Equity Corpus)Futures -9.30Total Long Futures 1.99Total Short Futures -11.29optis -11.23Total Put Bought Notional Value* -11.23*Not considered while calculating the NAV of the fund

VoLaTILITy MEaSURES





Reliance Equity Fund-Growth Plan 15.6341Reliance Equity Fund-Bonus Plan 15.6341Reliance Equity Fund-Dividend Plan 15.6341

PERFoRManCE oF RELIanCE EQUITy FUnDVS S&P Cnx nIFTy aS on SEPTEMBER 30, 2010


6 months 5.24 14.581 Year 4.54 18.613 Years 2.61 6.275 Years N.A. N.A.Since Inception 10.06 13.42"Returns are of Retail Plan - Growth Plan. Returns less than one year are

absolute returns and returns of one year and more are compounded

annualized returns. Calculations assume all payouts during the period have

been reinvested in the units of the scheme at the prevailing NAV. Pst

perfrmce m r m t be sustied i the future."


RelianceEquity Fund


The primary investment objective of the scheme is toseek to generate capital appreciation and providelong term growth opportunities by investing in aportfolio constituted of equity and equity relatedsecurities of top 100 companies by marketcapitalization and of companies which are available inthe derivatives segment from time to time and thesecondary objective is to generate consistent returnsby investing in debt and money market securities.


SEPTEMBER 30, 2010

Equities88.32%

Cash andOther Receivables

11.68%

figures in %




Equit : Diversified Mid Cp FUnD DaTaType. . . . . . . An Open Ended Equity Growth SchemeDate of allotment . . . . . . . . . . . . . October 8, 1995Inception Date . . . . . . . . . . . . . . . . October 8, 1995Corpus: . . . .8106.62 crores (September 30, 2010)Minimum Investment . . . Retail Plan - Rs 5,000 andin multiples of Re 1 thereafter. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr andin multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaEntry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan: Nil. . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .Retil Pl & Istitutil Pl 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completion of1 year from the date of allotment of units


PoRTFoLIo oF RELIanCE GRoWTH FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 94.63

State Bank Of India 4.94Bank Of Baroda 3.89ICICI Bank Ltd. 3.39 Jindal Saw Ltd. 3.25Lupin Ltd. 3.09Oil & Natural Gas Corporation Ltd. 2.59E.I.D. Parry (India) Ltd. 2.46 Jindal Steel & Power Ltd. 2.29HCL Technologies Ltd. 2.24Infosys Technologies Ltd. 2.11Divi's Laboratories Ltd. 2.08Ranbaxy Laboratories Ltd. 1.94Strides Arcolab Ltd. 1.88Edelweiss Capital Ltd. 1.79Maruti Suzuki India Ltd. 1.74Sintex Industries Ltd. 1.73Reliance Industries Ltd. 1.73Bombay Dyeing & Manufacturing Co. Ltd. 1.70

Tata Consultancy Services Ltd. 1.66Crompton Greaves Ltd. 1.61Radico Khaitan Ltd 1.61Greaves Cotton Ltd. 1.59United Spirits Ltd. 1.56Adani Enterprises Ltd. 1.55United Phosphorus Ltd. 1.54Escorts Ltd. 1.50Gujarat Mineral Development Corp Lt 1.42HT Media Ltd. 1.34Gujarat State Fertilizers & Chemicals Ltd. 1.34Bank Of India 1.31BEML Ltd. 1.25Zee Entertainment Enterprises Ltd 1.21Orient Paper & Industries Ltd. 1.21Bajaj Holdings And Investment Ltd 1.20NTPC Ltd. 1.19Federal Bank Ltd. 1.18

Financial Technologies India Ltd 1.18Bharti Airtel Ltd. 1.12Hindalco Industries Ltd. 1.09DB Realty Ltd. 1.06

Jaiprakash Associates Ltd. 1.05Equity Less Than 1% Of Corpus 19.00Debt,Csh d other Receivbles 5.37Grd Ttl 100.00

VoLaTILITy MEaSURES





Reliance Growth Fund-Growth Plan 509.5282Reliance Growth Fund-Bonus Plan 84.5187Reliance Growth Fund-Dividend Plan 62.4591Reliance Growth Fund-Institutional Growth 513.2638Reliance Growth Fund-Institutional Dividend 496.5890

DIVIDEnD HISToRy


March 21, 2000 10.00 40.89 30.90February 18, 2003 2.00 22.61 20.67 July 18, 2003 3.00 27.96 24.47

October 9, 2003 3.00 34.67 31.80December 18, 2003 6.00 41.1 35.28March 12, 2004 7.50 34.67 27.17October 19, 2004 3.00 33.61 30.37December 24, 2004 2.50 37.34 34.91March 29, 2005 5.00 36.21 31.80December 19, 2005 3.00 50.83 47.63March 29, 2006 7.50 57.77 50.90October 30, 2006 2.50 55.58 53.08March 12, 2007 7.50 54.09 47.16August 17, 2007 3.50 54.72 52.04March 19, 2008 6.50 54.53 47.42March 20, 2009 2.00 29.72 28.60October 31, 2009 5.00 53.40 46.98March 30, 2010 2.50 56.29 53.84Pst perfrmce m r m t be sustied i the future; Dividenddistribution is subject to availability & adequacy of distributable surplus. TheMutual Fund is not assuring that it will make periodical dividend

distributions, though it has every intention of doing so. After the payment ofdividend, the per unit NAV falls to the extent of the dividend payout anddistribution taxes, if any. Performance of Dividend Plan/Option would benet of applicable statutory levy, if any* NAV on the 1st transaction day after Record Date, which includes themark to market impact also.

PERFoRManCE oF RELIanCE GRoWTH FUnDvs BSE 100 InDEx aS on SEPTEMBER 30, 2010


6 months 16.11 14.091 Year 29.54 19.003 Years 13.53 5.815 Years 23.92 18.39Since Inception 29.99 13.28"Returns are of Retail Plan - Growth Plan. Returns less than one year areabsolute returns and returns of one year and more are compounded annual-ized returns. Calculations assume all payouts during the period have been

reinvested in the units of the scheme at the prevailing NAV. Pst perfrm-ce m r m t be sustied i the future."


RelianceGrowth Fund


The primary investment objective of the scheme is toachieve long-term growth of capital by investing inequity and equity related securities through a researchbased investment approach.

14.71%

9.15%

7.18%

6.28%

5.64%

5.51%

4.67%

4.16%

3.51%

3.24%

2.83%

2.66%

2.66%

2.46%

2.45%

2.18%

1.97%

1.80%

1.76%

1.73%

1.52%

1.09%

1.06%

0.95%

0.79%

0.78%

0.60%

0.59%

0.24%

0.21%

0.14%

0.12%

0.01%

0.00%

BANKS

PHARMACEUTICALS

SOFTWARE

FERROUS METALS


FINANCE


INDUSTRIALPRODUCTS

OIL

AUTO

CEMENT


FERTILISERS

CONSTRUCTION

TEXTILES - COTTON

POWER

PESTICIDES

TRADING

TELECOM - SERVICES

PETROLEUM PRODUCTS

MINERALS/MINING



TEXTILE PRODUCTS

PAPER

RETAILING

TELECOM - EQUIPMENT& ACCESSORIES

AUTO ANCILLARIES

TRANSPORTATION

GAS

CHEMICALS

HARDWARE

MISCELLANEOUS

INFORMATIONTECHNO LOGY


SEPTEMBER 30, 2010

Equities94.63%

Debt,Cash andOther Receivables

5.37%


figures in %

SIP RETURn

as on September 30, 2010Perid 1 yer 3 yer 5 yer Sice iceptiSIP Start Date October 1, 2009 October 1, 2007 October 1, 2005 October 8, 1995

Current NAV (As on September 30, 2010) 509.53 509.53 509.53 509.53Total No. of units accumulated 27.3758 109.6526 212.9537 6210.6519

Total Amount Invested in Rs. 12000 36000 60000 180000Market Value of Scheme in Rs. 13948.74 55871.09 108505.89 3164502.27

Market Value if invested in Benchmark in Rs. 13821.63 50622.78 92873.96 779250.44Return on SIP in Scheme 33.06% 31.27% 24.15% 33.58%

Return on SIP in Benchmark (BSE 100) 30.82% 23.85% 17.68% 17.73%Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been workedout on Microsoft Excel spreadsheet function known as XIRR.

b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that


concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager doesnot assure any safeguard of capital and the i llustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with otherinvestments. SIP does not guarantee or assure any protection against losses in declining market conditions. Pst perfrmce my r my t be sustied i future.




Equit : Diversified Mid Cp FUnD DaTa

Type. . . . . An Open Ended Diversified Equity SchemeDate of allotment . . . . . . . . . . December 26, 2006Inception Date . . . . . . . . . . . . . December 27, 2006Corpus . . Rs 1764.98 crore (September 30, 2010)Minimum Investment . . . .Rs 5,000 & in multiples of. . . . . . . . . . . . . . . . . . . . . . . . . . . . Re.1 thereafter.Fund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaAssistant Fund Manager (w.e.f. September 1, 2010). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Samir RachhEntry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load . . . . 1% if redeeemed/switched out on orbefore completion of 1 year from the date of alotmentof unitsNil if redeemed/switched out after completion of 1year from the date of allotment of units


Benchmark . . . . . . . . . . . . . . . . . . . . BSE 200 Index

PoRTFoLIo oF RELIanCE LonG-TERMEQUITy FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 97.59Rallis India Ltd. 5.56Wabco Tvs India Ltd 5.28Corporation Bank 4.12 JSL Stainless Ltd 3.68Greaves Cotton Ltd. 3.61Bombay Rayon Fashions Ltd. 3.61Bank Of Baroda 3.22Unichem Laboratories Ltd. 3.17Oriental Hotels Ltd. 3.04Gujarat Narmada Valley Fertilisers Co. Ltd. 2.79Tube Investments Of India Ltd. 2.75Era Infra Engineering Ltd. 2.64Lakshmi Machine Works Ltd. 2.53

Divi's Laboratories Ltd. 2.52Abbott India Ltd 2.44CCL Products India Ltd. 2.34Anant Raj Ind Ltd. 2.21Sintex Industries Ltd. 2.11India Cements Ltd. 1.98Karnataka Bank Ltd 1.97United Phosphorus Ltd. 1.88Sobha Developers Ltd. 1.81Sundaram Finance Ltd. 1.70Rain Commodities Ltd. 1.66Nirma Ltd. 1.63Hinduja Ventures Ltd. 1.52Astra Microwave Products Ltd 1.52Reliance Infrastructure Ltd. 1.51Time Technoplast Ltd. 1.47

Everest Industries Ltd. 1.46Gulf Oil Corporation Ltd. 1.433i Infotech Ltd. 1.38Kirloskar Oil Engines Ltd 1.38PSL Ltd. 1.27Essel Propack Ltd. 1.18Mindtree Ltd. 1.15Triveni Engeering & Industries Ltd. 1.15Sarda Energy And Minerals Ltd. 1.14Finolex Industries Ltd. 1.11EIH Ltd. 1.06Equity Less Than 1% Of Corpus 7.60Csh d other Receivbles 2.41Grd Ttl 100.00

VoLaTILITy MEaSURES





Reliance Long Term Equity Fund -Growth Plan 17.2804Reliance Long Term Equity Fund -Dividend Plan 17.2804PERFoRManCE oF RELIanCE LonG TERMEQUITy FUnD vs BSE 200 InDEx aS onSEPTEMBER 30, 2010


6 Months 25.61 14.871 Year 37.65 20.793 Years 9.54 6.085 Years N.A. N.A.Since Inception 15.18 11.95

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

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

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

units of the scheme at the prevailing NAV. Pst perfrmce m r m

t be sustied i the future."

RelianceLong TermEquity FundnVESTMEnT oBjECTIVE

The primary investment objective of the scheme is toeek to generate long term capital appreciation &

provide long-term growth opportunities by investingn a por tfolio constituted of equity & equity relatedecurities and Derivatives and the secondary objectives to generate consistent returns by investing in debtnd money market securities.


SEPTEMBER 30, 2010

Equities97.59%


2.41%

figures in %

9.21%

8.13%

7.45%

7.44%

7.35%

6.54%

5.11%

5.11%

4.09%

4.03%

3.40%

3.16%

2.79%

2.75%

1.70%

1.52%

1.52%

1.51%

1.43%

1.11%

0.89%

0.87%

0.77%

0.39%

9.31%BANKS

INDUSTRIALPRODUCTS

PHARMACEUTICALS

CONSTRUCTION

PESTICIDES

MISCELLANEOUS

FERROUS METALS


CEMENT

HOTELS

TEXTILE PRODUCTS

SOFTWARE


FERTILISERS

CONSUMER DURABLES

FINANCE


TELECOM - EQUIPMENT& ACCESSORIES

POWER

PETROLEUM PRODUCTS

CHEMICALS

TRANSPORTATION


OIL

AUTOANCILLARIES





Equit : Diversified Multi Cp

RelianceRegular Savings Fund Equity OptionInVESTMEnT oBjECTIVEThe primary investment objective of this option is toseek capital appreciation and or to generate consistentreturns by actively investing in equity / equity relatedsecurities.

FUnD DaTa

Type. . . . . . . . . . . . . . . . . . An Open Ended SchemeDate of allotment . . . . . . . . . . . . . . . . June 8, 2005Inception Date . . . . . . . . . . . . . . . . . . . June 9, 2005Corpus . . .Rs. 3275.32 crore (September 30, 2010)Minimum Investment. . . Rs 500 & in multiples of Re 1thereafter

Fund Manager . . . . . . . . . . . . . . Omprakash KuckianEntry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . . 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits.

Nil if redeemed or switched out after completion of1 year from the date of allotment of units.


Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index

PoRTFoLIo oF RELIanCE REGULaR SaVInGSFUnD EQUITy oPTIon

as on September 30, 2010

Hldigs Weightge (%)Equities 96.39State Bank Of India 4.44Oil & Natural Gas Corporation Ltd. 4.29Tata Consultancy Services Ltd. 4.25ICICI Bank Ltd. 3.40Hindalco Industries Ltd. 3.01Mphasis Ltd. 2.89Adani Enterprises Ltd. 2.80HCL Technologies Ltd. 2.57Tata Motors Ltd. 2.51Pantaloon Retail (India) Ltd. 2.22Biocon Ltd. 2.19GAIL (India) Ltd. 2.18Indian Bank 2.13Divi's Laboratories Ltd. 2.11

Indiabulls Real Estate Ltd. 2.09Torrent Pharmaceuticals Ltd. 2.02Hindustan Petroleum Corporation Ltd. 2.01Exide Industries Ltd. 2.00Cipla Ltd. 1.97Reliance Infrastructure Ltd. 1.96Bombay Rayon Fashions Ltd. 1.95Spicejet Ltd. 1.91Zee Entertainment Enterprises Ltd 1.83Federal Bank Ltd. 1.80Pratibha Industries Ltd. 1.79Canara Bank 1.75IRB Infrastructure Developers Ltd 1.75Mahindra & Mahindra Ltd. 1.69Gammon India Ltd. 1.66 Jindal Saw Ltd. 1.63

Bharti Airtel Ltd. 1.58Reliance Communications Ltd 1.54

Piramal Healthcare Ltd. 1.51Motherson Sumi Systems Ltd. 1.46Phoenix Mills Ltd. 1.46Infosys Technologies Ltd. 1.40Zuari Industries Ltd 1.20Arshiya International Ltd. 1.19Lupin Ltd. 1.18Bombay Dyeing & Manufacturing Co. Ltd. 1.15DB Corp Ltd. 1.14Nilkamal Ltd. 1.12Everest Kanto Cylinder Ltd. 1.09PTC India Ltd. 1.03Equity Less Than 1% Of Corpus 7.56Csh d other Receivbles 3.61Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.9037Standard Deviation 4.6282R Squared 0.8556Sharpe Ratio 0.0803Portfolio Turnover Ratio 0.77Note: The above measures have been calculated by taking rolling return for a 3

year period from September 30, 2007 with 6.27% Risk Free returns (taken as

91days T-bill yield as on September 29, 2010)


Reliance Regular Savings Fund -Equity Option-Growth Plan 33.3263

Reliance Regular Savings Fund -Equity Option-Dividend Plan 25.9776

DIVIDEnD HISToRy


July 24, 2009 5 22.6391 17.7355

Pst perfrmce m r m t be sustied i the future; Dividenddistribution is subject to availability & adequacy of distributable surplus. TheMutual Fund is not assuring that it will make periodical dividenddistributions, though it has every intention of doing so. After the payment ofdividend, the per unit NAV falls to the extent of the dividend payout anddistribution taxes, if any. Performance of Dividend Plan/Option would benet of applicable statutory levy, if any


PERFoRManCE oF RELIanCE REGULaRSaVInGS FUnD- EQUITy oPTIon VS BSE 100InDEx aS on SEPTEMBER 30, 2010


6 Months 16.47 14.091 Year 29.79 19.003 Yrs 19.47 5.815 Yrs 27.09 18.39Since Inception 25.38 22.15

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



SEPTEMBER 30, 2010

Equities96.39%


3.61%

figures in %

13.51%

12.08%

11.23%

4.55%

4.47%

4.29%

4.20%

3.56%

3.55%

3.45%

3.32%

3.12%

3.01%

2.98%

2.80%

2.22%

2.18%

2.01%

1.97%

1.74%

1.20%

1.19%

1.15%

1.12%

0.77%

0.74%

BANKS

SOFTWARE

PHARMACEUTICALS

AUTOANCILLARIES

TRANSPORTATION

OIL

AUTO

MEDIA & ENTERTAINMENT

CONSTRUCTION


POWER

TELECOM - SERVICES


FERROUS METALS

TRADING

RETAILING

GAS

PETROLEUM PRODUCTS

TEXTILE PRODUCTS


FERTILISERS

MISCELLANEOUS

TEXTILES - COTTON

INDUSTRIALPRODUCTS

NDUSTRIALCAPITALGOODS

CEMENT


SIP RETURn

as on September 30, 2010Perid 1 yer 3 yer 5 yers Sice iceptiSIP Start Date October 1, 2009 October 1, 2007 October 1, 2005 June 9, 2005Current NAV (As on September 30, 2010) 33.33 33.33 33.33 33.33Total No. of units accumulated 420.24 1726.47 3571.13 3969.81Total Amount Invested in Rs. 12000 36000 60000 64000Market Value of Scheme in Rs. 14005.11 57536.95 119012.59 132298.94Market Value if invested in Benchmark in Rs. 13821.63 50622.78 92873.96 103556.57Return on SIP in Scheme 34.06% 33.53% 28.05% 27.72%Return on SIP in Benchmark (BSE 100) 30.82% 23.85% 17.68% 18.20%Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked outon Microsoft Excel spreadsheet function known as XIRR.b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that

load has not been taken into consideration.d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the concept

of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any mini mum returns. The Mutual Fund or the Investment Manager does not assureany safeguard of capital and the i llustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.SIP does not guarantee or assure any protection against losses in declining market conditions. Pst perfrmce my r my t be sustied i future.




Equit : Diversified Multi Cp

14.10%

11.17%

8.69%

7.01%

6.39%

5.53%

4.59%

3.84%

3.31%

3.28%

3.00%

2.76%

2.73%

2.65%

2.63%

1.82%

1.66%

1.58%

1.36%

1.20%

0.88%

0.61%

0.26%

SOFTWARE

PHARMACEUTICALS


RETAILING

BANKS

AUTO

INDUSTRIALPRODUCTS

MISCELLANEOUS


TELECOM - SERVICES

AUTOANCILLARIES

POWER

TRANSPORTATION


CEMENT

PETROLEUM PRODUCTS

DIVERSIFIED

MINERALS/MINING

CHEMICALS

FERTILISERS

TELECOM - EQUIPMENT&ACCESSORIES

CONSTRUCTION

FINANCE


SEPTEMBER 30, 2010

Equities91.05%

Warrants,PreferenceShares, Cash andOther Receivables

8.95%

figures in %

RelianceEquity OpportunitiesFundInVESTMEnT oBjECTIVEThe primary investment objective of the scheme is toseek to generate capital appreciation & provide long-

term growth opportunities by investing in a portfolioconstituted of equity securities & equity-relatedsecurities and the secondary objective is to generateconsistent returns by investing in debt and moneymarket securities.

FUnD DaTa

Type. . . . . An Open Ended Diversified Equity SchemeDate of allotment . . . . . . . . . . . . . March 28, 2005Inception Date . . . . . . . . . . . . . . . . March 31, 2005Corpus . . . . . 2792.43 crore (September 30, 2010)Minimum Investment . . . . Retail Plan- Rs 5,000 andin multiples of Re 1 thereafter. . . . . . . . . . . . . . . . . Institutional Plan- Rs 5 cr andin multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . .Sailesh Raj BhanAssistant Fund Manager (w.e.f. September 1, 2010). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Viral BerawalaEntry Load* . . . . . . . . . . . . . . . . . . . Retail Plan : Nil

. . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan : NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .Retil Pl & Istitutil Pl: 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completion of1 year from the date of allotment of units.


PoRTFoLIo oF RELIanCE EQUITyoPPoRTUnITIES FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 91.05Trent Ltd. 4.52Aventis Pharma Ltd. 4.32Divi's Laboratories Ltd. 3.87Tata Consultancy Services Ltd. 3.65Info Edge India Ltd. 3.61Maruti Suzuki India Ltd. 3.61State Bank Of India 3.48Larsen & Toubro Ltd. 3.31Bharti Airtel Ltd. 3.28Indian Metal And Ferro Alloys Limit 3.19HCL Technologies Ltd. 3.01

Dish Tv India Ltd. 2.90Torrent Power Ltd. 2.76Cox And Kings Ltd 2.73Shoppers Stop Ltd. 2.49Infosys Technologies Ltd. 2.46Cummins India Ltd. 2.24Siemens Ltd. 2.06Rain Commodities Ltd. 1.98Ashok Leyland Ltd. 1.91ICICI Bank Ltd. 1.79Hindustan Unilever Ltd. 1.66Unichem Laboratories Ltd. 1.62Nava Bharat Ventures Ltd. 1.58Motherson Sumi Systems Ltd. 1.51Hathway Cable And Datacom Ltd. 1.50Bosch Ltd. 1.49

Pidilite Industries Ltd. 1.36Hindustan Media Ventures Ltd. 1.30Mahindra Forgings Ltd. 1.25

Coromandel International Ltd. 1.20Piramal Life Sciences Ltd. 1.20Sasken Communication Technologies 1.11HDFC Bank Ltd. 1.11Hinduja Ventures Ltd. 1.09Equity Less Than 1% Of Corpus 8.86Wrrts,Preferece Shres,Csh d otherReceivbles 8.95Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.8671Standard Deviation 4.3930

R Squared 0.8742Sharpe Ratio 0.0659Portfolio Turnover Ratio 0.94Note: The above measures have been calculated by taking rolling return for a

3 year period from September 30, 2007 with 6.27% Risk Free returns (taken

as 91days T-bill yield as on September 29, 2010)


Reliance Equity Opportunities Fund-Growth Plan 38.7718Reliance Equity Opportunities Fund-Bonus Plan 38.7718Reliance Equity Opportunities Fund-Dividend Plan 27.3873Reliance Equity Opportunities Fund-Institutional Dividend 38.8299

DIVIDEnD HISToRy


August 7, 2006 1.00 16.41 15.41February 1, 2007 1.50 20.88 19.53March 19, 2008 1.50 18.19 16.56 July 24, 2009 2.00 17.10 15.29

"Pst perfrmce m r m t be sustied i the future; Dividenddistribution is subject to availability & adequacy of distributable surplus. TheMutual Fund is not assuring that it will make periodical dividend distributions,though it has every intention of doing so. After the payment of dividend, theper unit NAV falls to the extent of the dividend payout and distribution taxes,if any. Performance of Dividend Plan/Option would be net of applicablestatutory levy, if any* NAV on the 1st transaction day after Record Date, which includes the markto market impact also.

PERFoRManCE oF RELIanCE EQUITy

oPPoRTUnITIES FUnD VS BSE 100 InDEx aS onSEPTEMBER 30, 2010


6 months 25.32 14.091 Year 49.36 19.003 Years 15.39 5.815 Years 24.46 18.39Since Inception 28.06 22.47"Returns are of Retail Plan - Growth Plan. Returns less than one year areabsolute returns and returns of one year and more are compounded annual-ized returns. Calculations assume all payouts during the period have beenreinvested in the units of the scheme at the prevailing NAV. Pst perfrmcem r m t be sustied i the future."



SIP RETURn

as on September 30, 2010Perid 1 yer 3 yer 5 yers Sice iceptiSIP Start Date October 1, 2009 October 1, 2007 October 1, 2005 March 31, 2005Current NAV (As on September 30, 2010) 38.77 38.77 38.77 38.77Total No. of units accumulated 392.14 1670.50 2995.77 3648.46Total Amount Invested in Rs. 12000 36000 60000 67000Market Value of Scheme in Rs. 15203.83 64768.16 116151.50 141457.31Market Value if invested in Benchmark in Rs. 13821.63 50622.78 92873.96 112779.59Return on SIP in Scheme 55.83% 42.85% 27.02% 27.13%Return on SIP in Benchmark (BSE 100) 30.82% 23.85% 17.68% 18.77%Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out

on Microsoft Excel spreadsheet function known as XIRR.b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that

load has not been taken into consideration.d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the concept

of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assureany safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.SIP does not guarantee or assure any protection against losses in declining market conditions. Pst perfrmce my r my t be sustied i future.Industry Classification as per AMFI.



Equit : Blced


SEPTEMBER 30, 2010

Equities65.25%

Debt, Cash & Other Receivables34.73%

figures in %

FUnD DaTa

Type. . . . . . . . . . . . . . . . . . An Open Ended SchemeDate of allotment . . . . . . . . . . . . . . . . June 8, 2005Inception Date . . . . . . . . . . . . . . . . . . . June 9, 2005Corpus . . .Rs. 725.15 crore (September 30, 2010)Minimum Investment . . . Rs 500 & in multiples of Re 1Fund Manager . . .Omprakash Kuckian & Amit TripathiWeighted Average YTM . . . . . . . . . . . . . . . . 2.16%Modified Duration . . . . . . . . . . . . . . . . . . 0.43 YearsWeighted Average Maturity . . . . . . . . . . . 0.50 YearsEntry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . . 1% if redeemed or switched out on or before

completion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completionof 1 year from the date of allotment of units.* In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load willbe charged by the Scheme to the investor effectiveAugust 1, 2009. Upfront commission shall be paiddirectly by the investor to the AMFI registeredDistributors based on the investors' assessment ofvarious factors including the service rendered by thedistributor.Benchmark. . . . . . . . . . . . Cr isil Balanced Fund Index

PoRTFoLIo oF RELIanCE REGULaR SaVInGSFUnD BaLanCED oPTIon

as on September 30, 2010Hldigs Weightge (%)Equities 65.27ICICI Bank Ltd. 4.61Bharat Heavy Electricals Ltd. 4.27HCL Technologies Ltd. 3.13Oil & Natural Gas Corporation Ltd. 2.90Power Finance Corporation Ltd. 2.72Ackruti City Ltd 2.65Bharti Airtel Ltd. 2.53State Bank Of India 2.23UTV Software Communications Ltd. 2.21Reliance Infrastructure Ltd. 2.21Infosys Technologies Ltd. 2.10IDBI Bank Ltd 2.10Zee Entertainment Enterprises Ltd 2.07Kingfisher Airlines Ltd 2.05

GIC Housing Finance Ltd. 1.97Thomas Cook (India) Ltd. 1.88Gammon India Ltd. 1.82Cipla Ltd. 1.78Indian Oil Corporation Ltd. 1.72HDFC Bank Ltd. 1.72 Jaiprakash Associates Ltd. 1.67Max India Ltd. 1.64Union Bank Of India 1.61Bajaj Corp Ltd. 1.56Anant Raj Ind Ltd. 1.55Ranbaxy Laboratories Ltd. 1.53Hindalco Industries Ltd. 1.29United Phosphorus Ltd. 1.24Infinite Computersolution India Ltd 1.16Bharat Forge Ltd. 1.09Equity Less Than 1% Of Corpus 2.24

Certificte of Depsit 4.64Bank Of India P1+ By Crisil 3.34Canara Bank P1+ By Crisil 1.31Fltig Rte nte 3.47Tata Steel Ltd. AA(Ind) By Fitch 3.47Gvt Securities(GSE) 5.427.17% GOI (MD 14/06/2015) Sovereign 4.737.40% GOI (MD 03/05/2012) Sovereign 0.69n Cvertible Debetures 10.33Citifinancial ConsumerFinance India Ltd. AA+ By Crisil 3.44LIC Housing Finance Ltd. AAA By Crisil 3.40Reliance Capital Ltd. CareAAA By Care 2.12HDFC Ltd AAA By Crisil 1.36Csh d other Receivbles 10.87Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.6764Standard Deviation 3.3924R Squared 0.8921Sharpe Ratio 0.0876Portfolio Turnover Ratio 3.05Note: The above measures have been calculated by taking rolling return for a 3year period from September 30, 2007 with 6.27% Risk Free returns (taken as91days T-bill yield as on September 29, 2010)


Reliance Regular Savings Fund -Balanced Option-Growth Plan 23.9864Reliance Regular Savings Fund -Balanced Option-Dividend Plan 16.8167

RaTInG PRoFILE aS on September 30, 2010

Hldig Weightge (%)AA(IND) by FITCH 3.47AA+ by CRISIL 3.44AAA by CRISIL 4.76CAREAAA by CARE 2.12P1+ by CRISIL 4.64Sovereign 5.42Equities 65.27Cash and Other Receivables 10.87Grand Total 100.00

DIVIDEnD HISToRy


March 30, 2010 2.5 16.9448 14.4334 July 24, 2009 3 16.9172 13.9043

Pst perfrmce m r m t be sustied i the future; Dividenddistribution is subject to availability & adequacy of distributable surplus. TheMutual Fund is not assuring that it will make periodical dividenddistributions, though it has every intention of doing so. After the payment ofdividend, the per unit NAV falls to the extent of the dividend payout anddistribution taxes, if any. Performance of Dividend Plan/Option would benet of applicable statutory levy, if any


PERFoRManCE oF RELIanCE REGULaRSaVInGS FUnD - BaLanCED oPTIon vs CRISILBaLanCED FUnD InDEx on SEPTEMBER 30, 2010

Perid Returs f Returs f

Scheme (%) Bechmrk (%)

6 months 16.41 10.411 Year 32.12 14.213 Years 19.45 7.915 Years 18.87 14.55Since Inception 21.55 10.95Inception date: January 13, 2007"Returns are of Growth Plan. Returns less than one year are absolute returnsand returns of one year and more are compounded annualized returns.Calculations assume all payouts during the period have been reinvested inthe units of the scheme at the prevailing NAV. Pst perfrmce m rm t be sustied i the future."Reliance Regular Savings Fund - Hybrid Option was launched on June 9,2005 and subsequently Hybrid Option has been changed to BalancedOption w.e.f. January 13, 2007.Consequently, Benchmark of RelianceRegular Saving Fund Balanced option has been changed to Crisil BalancedFund Index from Crisil MIP Index with effect from February 21, 2007.Accordingly performance of the scheme is from January 13, 2007.


RelianceRegular Savings Fund Balanced Option

InVESTMEnT oBjECTIVEThe primary investment objective of this option is togenerate consistent returns and appreciation of capitalby investing in a mix of securities comprising ofequity, equity related instruments & fixed incomeinstruments.

6.40%

5.20%

4.69%

4.27%

4.20%

3.92%

3.54%

3.31%

2.90%

2.53%

2.21%

1.82%

1.72%

1.67%

1.56%

1.29%

1.24%

0.51%

12.27%BANKS

SOFTWARE

MEDIA&

ENTERTAINMENT

FINANCE

INDUSTRIALCAPITAL

GOODS

CONSTRUCTION

TRANSPORTATION

INDUSTRIALPRODUCTS

PHARMACEUTICALS

OIL

TELECOM - SERVICES

POWER

CONSTRUCTION

PROJECT

PETROLEUM PRODUCTS

CEMENT

CONSUMER NON

DURABLES

NON - FERROUS

METALS

PESTICIDES

RETAILING





Equit : Diversified Theme Bsed

26.38%

12.22%

11.88%

11.18%

5.01%

4.23%

4.17%

4.07%

3.73%

3.57%

3.43%

2.70%

1.81%

1.79%

0.94%

CONSTRUCTION

POWER

FERROUS METALS


MISCELLANEOUS


CEMENT

BANKS

FINANCE


OIL

INDUSTRIALPRODUCTS

PETROLEUM PRODUCTS

TRANSPORTATION

AUTOANCILLARIES




SEPTEMBER 30, 2010

Equities97.09%


2.91%

figures in %

RelianceInfrastructure Fund

nVESTMEnT oBjECTIVEThe primary investment objective of the scheme is togenerate long term capital appreciation by investingpredominantly in equity and equity related instrumentsof companies engaged in infrastructure andnfrastructure related sectors and which arencorporated or have their area of primary activity, inndia and the secondary objective is to generateconsistent returns by investing in debt & moneymarket securities.

FUnD DaTa

Type. . . . . . . . . . . . . An Open Ended Equity SchemeDate of allotment . . . . . . . . . . . . . . . July 17, 2009Inception Date . . . . . . . . . . . . . . . . . . July 20, 2009Corpus . . . . . 1639.13 crore (September 30, 2010)Minimum Investment . . . Retail Plan - Rs 5,000 andin multiples of Re 1 thereafter. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr andin multiples of Re 1 thereafterFund Manager . . . . . . . . . . . . . . . . . .Sunil SinghaniaEntry Load* . . . . . . . . . . . . . . . . . . . Retail Plan : Nil. . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan : NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .

Retil Pl & Istitutil Pl 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completion of1 year from the date of allotment of units.

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load willbe charged by the Scheme to the investor effectiveAugust 1, 2009. Upfront commission shall be paiddirectly by the investor to the AMFI registeredDistributors based on the investors' assessment ofvarious factors including the service rendered by thedistributor.Benchmark. . . . . . . . . . . . . . . . . . . . BSE 100 Index

PoRTFoLIo oF RELIanCE InFRaSTRUCTURE FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 97.09Era Infra Engineering Ltd. 6.50SPML Infra Ltd. 5.29Reliance Infrastructure Ltd. 4.57Larsen & Toubro Ltd. 4.38 Jindal Saw Ltd. 4.23Hindustan Construction Co. Ltd. 4.08ICICI Bank Ltd. 4.07Sobha Developers Ltd. 3.91IDFC Ltd. 3.73 Jayaswal Neco Industries Ltd 3.48NTPC Ltd. 3.44Oil & Natural Gas Corporation Ltd. 3.43 Jaiprakash Associates Ltd. 3.40

Marg Ltd. 3.05Nagarjuna Construction Co. Ltd. 2.71KSB Pumps Ltd. 2.70Sterlite Industries Ltd. 2.58Gayatri Projects Ltd. 2.36MBL Infrastructures Ltd. 2.23 Jindal Steel & Power Ltd. 2.16PSL Ltd. 2.01Texmaco Ltd. 1.96Reliance Industries Ltd. 1.81Anant Raj Ind Ltd. 1.81IL&FS Transportation Networks Ltd 1.79Patel Engineering Ltd. 1.66Tata Power Co. Ltd. 1.65BEML Ltd. 1.59GVK Power & Infrastructure Ltd 1.56Diamond Power Infrastructure Ltd 1.42IVRCL Infrastructures & Projects Ltd. 1.26Equity Less Than 1% Of Corpus 6.29Csh d other Receivbles 2.91Grd Ttl 100.00


Reliance Infrastructure Fund-Retail Growth Plan 12.1378Reliance Infrastructure Fund-Retail Bonus Plan 12.1378Reliance Infrastructure Fund-Retail Dividend Plan 12.1378Reliance Infrastructure Fund-Institutional Growth Plan 12.1569Reliance Infrastructure Fund-Institutional Dividend Plan 12.1569

PERFoRManCE oF RELIanCE InFRaSTRUCTURE

FUnD VS BSE 100 InDEx aS onSEPTEMBER 30, 2010


6 Months 7.78 14.091 Year 10.31 19.003 Years N.A. N.A.5 Years N.A. N.A.Since Inception 16.88 27.68Since Inception Date is July 20, 2009."Returns are of Retail Plan - Growth Plan. Returns less than one year areabsolute returns and returns of one year and more are compounded annual-ized returns. Calculations assume all payouts during the period have beenreinvested in the units of t he scheme at the prevailing NAV. Pst perfrm-ce m r m t be sustied i the future."

SPECIaL FEaTURE

Reliance Any Time Money Card



Equit : Diversified Theme Bsed FUnD DaTa

Type. . . . . . . . . . . . . An Open Ended Equity SchemeDate of allotment . . . . . . . . . . . February 25, 2008Inception Date . . . . . . . . . . . . . . February 26, 2008Corpus . . Rs 2974.06 crore (September 30, 2010)Minimum Investment. .Retail Plan - Rs 5000 and inmultiples of Re. 1 thereafter. . . . . . . . . . . . . . . .Institutional Plan - Rs 5 cr andin multiples of Re. 1 thereafterFund Manager . . . . . Ashwani Kumar & Shiv ChananiEntry Load* . . . . . . . . . . . . . . . . . . . Retail Plan - Nil. . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - NilExit Load (w.e.f August 24, 2009). . . . . . . . . . . . . .Retil Pl & Istitutil Pl: 1% if redeemed or switched out on or beforecompletion of 1 year from the date of allotment ofunits. Nil if redeemed or switched out after completion of1 year from the date of allotment of units.


Benchmark ........ A custom benchmark created usingthe BSE-200 to the extent of 65% of portfolio and

MSCI World Energy Index for balance 35% ofthe portfolio.

PoRTFoLIo oF RELIanCE naTURaLRESoURCES FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 65.70Oil & Natural Gas Corporation Ltd. 7.08Hindustan Petroleum Corporation Ltd. 6.65Reliance Industries Ltd. 5.64Bharat Petroleum Corporation Ltd. 5.29Tata Steel Ltd. 4.82BEML Ltd. 3.27Triveni Engeering & Industries Ltd. 2.90

United Phosphorus Ltd. 2.71Indian Oil Corporation Ltd. 2.52Cairn India Ltd. 2.25GAIL (India) Ltd. 2.25Gujarat Narmada Valley Fertilisers Co. Ltd. 2.15Gujarat State Fertilizers & Chemicals Ltd. 1.99 Jindal Saw Ltd. 1.94Reliance Infrastructure Ltd. 1.80Hindalco Industries Ltd. 1.66Oil India Ltd. 1.53Advanta India Ltd. 1.45 JBF Industries Ltd. 1.34Gujarat State Petronet Ltd 1.06Equity Less Than 1% Of Corpus 5.39Itertil Equit Shres 28.02Potash Corp Of Saskatchewan Inc 3.94Peabody Energy Corp 2.68General Electric Co 2.22Mosaic Company Ltd. 2.21Caterpillar Inc 2.18CSX Corp 2.02BP Plc 1.61 JGC Ord 1.57Macarthur Coal Ltd 1.53Xstrata Ord 1.49Riversdale Mining Ltd. 1.37United States Steel Corporation 1.20Atlas Energy Inc- Usd 1.06Agrium Ord 1.05Paladin Energy Ltd. 0.94Alumina Ltd 0.63Thompson Creek Metals Ord. 0.33overses ETFs 3.52Market Vectors Agribusiness-Etf 3.52Derivtives,Csh d other Receivbles 2.75

Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.7471Standard Deviation 3.7191R Squared 0.8452Sharpe Ratio 0.0103Portfolio Turnover Ratio 1.61Note: The above measures have been calculated by taking rolling return since

inception with 6.27% Risk Free returns (taken as 91days T-bill yield as on

September 29, 2010)


Reliance Natural Resources Fund-Retail Growth Plan 10.7258Reliance Natural Resources Fund-Retail Bonus Plan 10.7258Reliance Natural Resources Fund-Retail Dividend Plan 10.7258

PERFoRManCE oF RELIanCE naTURaLRESoURCES FUnD vs BEnCHMaRK* aS onSEPTEMBER 30, 2010

Perid Returs f Returs fScheme (%) Bechmrk (%)*

6 Months 6.11 8.161 Year 8.00 14.073 Years N.A. N.A.5 Years N.A. N.A.

Since Inception 2.16 -0.84Returns of Retail Plan- Growth Plan. Returns less than one year are absolute

returns and returns of one year and more are compounded annualized

returns. Calculations assume that all payouts during the period have been

reinvested in the units of the scheme at t he then prevailing NAV. Pst

perfrmce m r m t be sustied i 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.


RelianceNatural ResourcesFundInVESTMEnT oBjECTIVE

The primary investment objective of the scheme is toseek to generate capital appreciation & provide long-

term growth opportunities by investing in companiesprincipally engaged in the discovery, development,production, or distribution of natural resources andthe secondary objective is to generate consistentreturns by investing in debt and money marketsecurities.


SEPTEMBER 30, 2010

Equities65.70%

Derivatives,Cash andOther Receivables

2.75%

nternationalquity Shares28.02%

Overseas ETFs3.52%

figures in %

9.29%

8.17%

3.52%

2.18%

2.00%

1.61%

1.57%

1.20%

1.05%

0.63%

0.33%

MINING AND MATERIALS

MATERIALS

MISCELLANEOUS

INDUSTRIALS

OIL / GAS EXPLORATION

/ PRODUCTION

ENERGY


STEEL

CHEMICALS

MINERALS/MINING

MINING / METALS - SPECIALTY

SECToR aLLoCaTIon aS on SEPTEMBER 30, 2010 (Overseas)

20.11%

10.87%

8.16%

5.24%

4.20%

4.14%

3.61%

3.31%

3.07%

1.66%

1.34%

PETROLEUM PRODUCTS

OIL

FERROUS METALS

CONSUMER NON

DURABLES

INDUSTRIALCAPITAL

GOODS

FERTILISERS

POWER

GAS

PESTICIDES


TEXTILES - SYNTHETIC

SECToR aLLoCaTIon aS on SEPTEMBER 30, 2010 (Domestic)


Industry Classification as per MSCI.



Equit : Sectr

RelianceBanking Fund

nVESTMEnT oBjECTIVE

The primary investment objective of the scheme is toeek to generate continuous returns by activelynvesting in equity and equity related or fixed incomeecurities of companies in the Banking Sector.

FUnD DaTa

Type. . . . . . . . . . . . . An Open Ended Banking Sector SchemeDate of allotment . . . . . . . . . . . . . . . . . . . . . May 26, 2003Inception Date . . . . . . . . . . . . . . . . . . . . . . . . May 28, 2003Corpus: . . . . . . . . . . . 1502.65 crore (September 30, 2010)Minimum Investment. . . . . . . Retail Plan - Rs 5000 and inmultiples of Re. 1 thereafter. . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr andin multiples of Re. 1 thereafterFund Manager . . . . . . . . . . . . . . . . . . . . . . . . Sunil SinghaniaAssistant Fund Manager (w.e.f. September 1, 2010) . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Shrey LoonkerEntry Load* . . . . . . . . . . . . . . . . . . . . . . . . . Retail Plan - Nil. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - NilExit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . . . . . . . . .Retil Pl & Istitutil Pl 1% if redeemed or switched out on or before completion of1 year from the date of allotment of units.

Nil if redeemed or switched out after completion of 1 yearfrom the date of allotment of units.

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will becharged by the Scheme to the investor effective August 1,2009. Upfront commission shall be paid directly by the investorto the AMFI registered Distributors based on the investors'assessment of various factors including the service rendered bythe distributor.Benchmark . . . . . . . . . . . . . . . . . . . . . . . S&P CNX Bank Index

PoRTFoLIo oF RELIanCE BanKInG FUnD

as on September 30, 2010Hldigs Weightge (%)Equities 93.84State Bank Of India 14.03ICICI Bank Ltd. 12.10Canara Bank 9.01

Corporation Bank 8.12Bank Of Baroda 7.83Oriental Bank Of Commerce 7.38Bajaj Finance Ltd. 7.27HDFC Bank Ltd. 6.69Bank Of India 4.07Federal Bank Ltd. 3.01Ing Vysya Bank Ltd. 2.95Punjab National Bank 2.32Indiabulls Financial Services Ltd 2.20Kotak Mahindra Bank Ltd. 1.90Reliance Capital Ltd. 1.43Axis Bank Ltd. 1.28Karur Vysya Bank Ltd. 1.04Equity Less Than 1% Of Corpus 1.22Csh d other Receivbles 6.16Grd Ttl 100.00

VoLaTILITy MEaSURES

Beta 0.9528Standard Deviation 5.1988

R Squared 0.7537Sharpe Ratio 0.1006Portfolio Turnover Ratio 0.30Note: The above measures have been calculated by taking rolling return fora 3 year period from September 30, 2007 with 6.27% Risk Free returns(taken as 91days T-bill yield as on September 29, 2010)


Reliance Banking Fund-Retail Growth Plan 112.4780Reliance Banking Fund-Retail Bonus Plan 112.4780Reliance Banking Fund-Retail Dividend Plan 44.8818

DIVIDEnD HISToRy

Dte Rte Cum *E-

(Re/ Divided DividedUit) naV naV

November 25, 2003 1.00 13.32 12.31March 28, 2005 3.00 23.26 19.94December 29, 2005 4.00 25.05 21.35March 30, 2006 5.00 21.16 16.32February 21, 2007 2.00 19.57 17.24November 5, 2007 2.00 27.85 25.85August 28, 2009 2.00 27.26 25.26Pst perfrmce m r m t be sustied i the future; Dividenddistribution is subject to availability & adequacy of distributable surplus. TheMutual Fund is not assuring that it will make periodical dividenddistributions, though it has every intention of doing so. After the payment ofdividend, the per unit NAV falls to the extent of the dividend payout anddistribution taxes, if any. Performance of Dividend Plan/Option would benet of applicable statutory levy, if any* NAV on the 1st transaction day after Record Date, which includes themark to market impact also.

PERFoRManCE oF RELIanCE BanKInG FUnD VSS&P Cnx BanK InDEx aS onSEPTEMBER 30, 2010

Perid Returs f Returs f

Scheme (%) Bechmrk (%)6 months 41.48 35.931 Year 54.10 45.623 Years 26.49 16.395 Yrs 27.58 23.10Since Inception 38.90 33.16"Returns are of Retail Plan - Growth Plan. Returns less than one year areabsolute returns and returns of one year and more are compoundedannualized returns. Calculations assume all payouts during the period havebeen reinvested in the units of the scheme at the prevailing NAV. Pstperfrmce m r m t be sustied i the future."


SEPTEMBER 30, 2010

Equities93.84%


6.16%

figures in %

SIP RETURn

as on September 30, 2010Perid 1 yer 3 yer 5 yer Sice IceptiSIP Start Date October 1, 2009 October 1, 2007 October 1, 2005 May 28, 2003Current NAV (As on September 30, 2010) 112.48 112.48 112.48 112.48Total No. of units accumulated 145.47 634.29 1334.26 3032.30Total Amount Invested in Rs. 12000 36000 60000 89000Market Value of Scheme in Rs. 16362.63 71343.18 150074.65 341066.75Market Value if invested in Benchmark in Rs. 16067.10 66606.14 128225.73 275008.87Return on SIP in Scheme 77.76% 50.75% 38.03% 35.74%Return on SIP i

Documents

Reliance October 2010