Investors understand that their principal will be at Moderately High risk

This product is suitable for investors who are seeking*

· Long term capital growth.

· Investment in equity and equity related securities.

*Investors should consult their financial advisors if in doubt about whether the product issuitable for them.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

• Claim Deduction up to ` 1,50,000 u/s 80C# | • Aim to earn returns of a Mutual Fund, that too tax-free!

(An open ended Equity Linked Savings Scheme)

There aretax saving options.

And there’sReliance Tax Saver (ELSS) Fund!

#To save tax upto `46,350: Individual and HUF having taxable income of less than `50 lakhs can invest upto `1.5 lakhs under the ELSS scheme during the FY 2017-18 as per provision of Section 80C of the Income Tax Act 1961 (Includes applicable cess). Tax saving will be proportionately reduced subject to the taxable income and investments. Further, Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units. The tax benefits are as per the current income tax laws and rules. Investors are advised to consult their tax advisor before investing in such schemes. SMS charges apply. Common Source: RMF Internal Research

#To save tax up to ` 46,350, taxable income of less than `1 crore is required and ` 1.5 lakhs investment has to be made under the ELSS scheme. This is as per Sec 80C of the Income Tax Act 1961 for FY 2016-17 and includes applicable cess. Tax saving will be proportionately reduced subject to the taxable income and investments. Investment in ELSS schemes is subject to lock-in period of 3 years from the date of allotment of units. The tax benefits are as per the current income tax laws and rules and any other current applicable law. Investors are advised to consult their tax advisors before investing in such schemes. SMS charges apply.

One Lakh Fifty Thousand Only

Reliance Tax Saver ( ELSS) Fund

*Source: 3 years CAGR returns as on March 31st, 2017 - from CRISIL. The above comparison has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a guarantee of any minimum returns. ELSS invests in equity and there is no capital protection guarantee or assurance of any return in mutual fund investment. Kindly consult your financial advisor before investing. Past performance may or may not be sustained in future.

Lock-in Period

15 Years5/10 Years5 Years

Returns

7.9%7.9%6.0%

18.9%*

Tax status on returns

Tax-freeTaxableTaxable

3 Years Tax-free

Investment Option

Public Provident FundNational Saving CertificateBank Tax Saving Fixed DepositsAverage Industry Equity LinkedSaving Scheme

Contact your Financial Advisor | Call 1800 300 11111 | SMS ‘ELSS’ to 561617 | www.reliancemutual.com

“001231” 3001231

Reliance Tax Saver (ELSS) Fund

TOP 10 STOCKS WEIGHTAGE (%)

TVS Motor Company Limited 8.10Infosys Limited 6.17ICICI Bank Limited 5.76State Bank of India 5.19Tata Steel Limited 4.52ITC Limited 3.11Honeywell Automation India Limited 2.74ABB India Limited 2.47Jet Airways (India) Limited 2.44Federal-Mogul Goetze (India) Limited 2.34

For complete portfolio, please refer website www.reliancemutual.com.

TOP 5 SECTORS

Banks 22.4%

Industrial Capital Goods 9.9%

Software 8.3%

Auto 8.1%

AutoAncillaries 6.0%

2

SCHEME DETAILS

PORTFOLIO DETAILS

Inception Date

Scheme Type

Fund Manager

Fund Size

Benchmark

Entry /Exit Load

• 21st September 2005

• Month end AUM: Rs. 8046.90 crs (Apr 2017)

• An Open Ended Equity Linked Savings Scheme

• S&P BSE 100

• Ashwani Kumar

• Not Applicable

CURRENT INVESTMENT PHILOSOPHY

• Seeks to maintain balance between large cap companies and mid cap companies• Endeavors to invest in potential leaders• Invest in companies with potential of high growth prospects over medium term (2-3 years)• Generally, the fund has two or three sector calls at a time. They are mostly in-line of emerging

market trends• Small percentage of portfolio is invested in contrarian calls• Significant percent of outstanding equity of the scheme is invested in high conviction mid-cap

companies• Significant allocation/exposure is taken in Multinational Companies (MNC’s)• Attempt to have a balanced portfolio on a macro basis, allocating to themes like Domestic,

Consumption & Defensive

WHY INVEST

• Fund endeavors to generate sustained long term alpha• Portfolio offers optimal mix of cyclical & defensive themes.• Tax benefit as per Section 80C**Note: Please refer Scheme Information Document (SID) for details.

NAV MOVEMENT

Please Refer Page 3 for detailed Scheme Performance

Please Refer Page 4 for detailed SIP Performance

Dividend History

The scheme's Dividend Plan has given 18 dividends in last 17 quarters!Record Date Rate (Re/ Unit) Cum Dividend NAV *EX Dividend NAV

23-Mar-17 0.60 21.9299 21.329923-Dec-16 0.45 19.0755 18.625515-Sep-16 0.45 21.3909 20.940915-Jun-16 0.45 19.6784 19.228411-Mar-16 0.45 18.2183 17.768328-Dec-15 0.45 20.6670 20.217021-Sep-15 0.45 19.8841 19.434129-Jun-15 0.45 21.7955 21.345513-Mar-15 0.35 23.7821 23.432124-Dec-14 1.00 23.2342 22.234222-Sep-14 0.45 21.9523 21.502327-Jun-14 0.36 20.2727 19.91277-Mar-14 0.30 14.1956 13.8956

26-Dec-13 0.30 13.8827 13.582723-Sep-13 0.25 11.7342 11.484228-Jun-13 0.25 12.5391 12.289115-Mar-13 0.70 13.5195 12.819525-Jan-13 0.70 15.2853 14.585329-Mar-12 1.50 14.9833 13.483411-Feb-11 1.50 14.9209 13.8581

28-Aug-09 1.50 13.5493 12.049321-Feb-07 1.00 14.6877 13.51525-Nov-07 1.00 17.0834 16.0835

Reliance Tax Saver (ELSS) Fund has given a dividend of Rs. 14.91 per unit on the face value of Rs. 10 per unit, since inception.

Disclaimer pertaining to SIP Returns: Past performance may or may not be sustained in the future. 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 excel spreadsheet function known as XIRR. It is assumed that a SIP of Rs. 10,000/- 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. 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 assure any safeguard of capital and the illustrated returns are not necessarily indica-tive 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.Disclaimer pertaining to Dividend History: 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. Performance of dividend plan/option would be net of applicable statutory levy , if any. Face value of Rs.10. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. The above table provides dividend details of Other-than-direct-plan.General Disclaimer: Data as on 30th April, 2017. Past Performance may or may not be sustained in future. Sector(s)/ Stock(s)/ Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the scheme(s) and should not be construed as a recommendation. The Fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

0

10

20

30

40

50

60

Norm

alize

d Va

lues

Reliance Tax Saver (ELSS) Fund S&P BSE 100

21 Sept 2005Rs. 1,00,000

30 Apr 2017Rs. 5,61,506

30 Apr 2017Rs. 3,69,945

SCHEME:

BENCHMARK:INVESTMENT:

Rs. 1 lac invested at the time of inception is worth Rs. 5.62 lac in the scheme compared to Rs. 3.70 lac in the

Benchmark.

1.2 3.6 6.0 12.0 14.01.4 4.5 10.4

31.640.9

0.0

20.0

40.0

60.0

1 Year 3 Years 5 Years 10 Years Since Inception

SIP Returns

Total Amount Invested (Rs. Lakhs) Market Value (Rs. Lakhs)

0%

20%

40%

60%

less than Rs. 3,500 crs Rs. 3,500 crs to

Rs. 10,000 crs Rs. 10,000 crs to Rs. 20,000 crs more than Rs.

20,000 crs

13% 14%

9%

54%

Portfolio Market Capitalization

Reliance Tax Saver (ELSS) Fund

SCHEME PERFORMANCE SUMMARY

Reliance Tax Saver (ELSS) Fund (RTSF)NAV as on Apr 28, 2017: Rs 56.1506Fund Manager: Ashwani Kumar (Since Sep 2005)

Particulars CAGR %

1 Year 3 Years 5 Years Since InceptionReliance Tax Saver (ELSS) Fund 28.47 24.85 21.07 16.03B: S&P BSE 100 21.33 12.94 12.92 11.93AB: S&P BSE Sensex 16.89 10.11 11.56 11.46Value of `10000 InvestedReliance Tax Saver (ELSS) Fund 12,838 19,449 25,999 56,175B: S&P BSE 100 12,127 14,401 18,353 36,998AB: S&P BSE Sensex 11,684 13,346 17,275 35,235Inception Date: Sep 21, 2005

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY THE SAME FUND MANAGERS

Fund Manager: Ashwani Kumar

Scheme Name/sCAGR %

1 Year Return 3 Years Return 5 Years ReturnScheme Benchmark Scheme Benchmark Scheme Benchmark

Reliance Vision Fund 19.87 21.33 18.93 12.94 14.70 12.92Reliance Top 200 Fund 27.96 22.99 20.33 14.97 18.03 13.83

Note: a. Mr. Ashwani Kumar manages 3 open-ended schemes of Reliance Mutual Fund .b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes

managed by fund manager has been provided herein.c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisementd. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

Note: Performance as on April 30, 2017

B: Benchmark, AB: Additional Benchmark,

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Performance of the schemes (wherever provided) are calculated basis CAGR for the past 1 year, 3 years, 5 years and since inception. Dividends (if any) are assumed to be reinvested at the prevailing NAV. Bonus (if any) declared has been adjusted. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.

PRODUCT LABELS

Name of Scheme This product is suitable for investors who are seeking*:

Reliance Vision Fund(An open ended Equity Growth Scheme)

• long term capital growth• Investment in equity and equity related instruments

through a research based approach

Reliance Top 200 Fund(An open ended Diversified Equity Scheme)

• long term capital growth• Investment in equity and equity related securities of

companies whose market capitalization is within the range of highest & lowest market capitalization of S&P BSE 200 Index.

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

3

Investors understand that their principalwill be at Moderately High risk

Reliance Tax Saver (ELSS) Fund

4

SIP PERFORMANCE OF EQUITY SCHEMES (as on April 30, 2017)

Reliance Tax Saver (ELSS) FundPeriod Since Inception 15 Years 10 Years 5 Years 3 Years 1 YearTotal Amount Invested (Rs.) 1,400,000 - 1,200,000 600,000 360,000 120,000Market Value (Rs.) 4,086,815 - 3,155,805 1,042,479 452,240 136,915Scheme Return (%) 17.28 - 18.48 22.54 15.72 29.00B: S&P BSE 100 Return (%) 10.51 - 10.49 12.56 10.68 21.57AB: S&P BSE Sensex Return (%) 9.47 - 9.31 10.25 7.64 17.01Reliance Vision FundPeriod Since Inception 15 Years 10 Years 5 Years 3 Years 1 YearTotal Amount Invested (Rs.) 2,590,000 1,800,000 1,200,000 600,000 360,000 120,000Market Value (Rs.) 37,659,696 7,709,969 2,293,406 898,878 426,386 132,091Scheme Return (%) 20.93 17.62 12.51 16.38 11.55 20.49B: S&P BSE 100 Return (%) 13.34 13.96 10.49 12.56 10.68 21.57AB: S&P BSE Sensex Return (%) 12.29 13.10 9.31 10.25 7.64 17.01Reliance Top 200 FundPeriod Since Inception 15 Years 10 Years 5 Years 3 Years 1 YearTotal Amount Invested (Rs.) 1,170,000 - - 600,000 360,000 120,000Market Value (Rs.) 2,482,996 - - 939,393 444,595 136,502Scheme Return (%) 14.88 - - 18.20 14.50 28.26B: S&P BSE 200 Return (%) 11.37 - - 14.00 12.21 23.61AB: S&P BSE Sensex Return (%) 9.42 - - 10.25 7.64 17.01

Inception Dates: Reliance Tax Saver (ELSS) Fund - 21/09/2005, Reliance Vision Fund - 08/10/1995, Reliance Top 200 Fund - 08/08/2007.

B: Benchmark, AB: Additional Benchmark

Disclaimer: Past performance may or may not be sustained in the future. 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 excel spreadsheet function known as XIRR. It is assumed that a SIP of Rs. 10,000/- each executed on 10th of every month has been taken into con-sideration including the first installment. It may please be noted that load has not been taken into consideration. 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 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 other investments. SIP does not guarantee or assure any protection against losses in declining market conditions.

Mutual Fund Investments are subject to market r isks, read al l scheme related documents careful ly.