Reliance Equity Fund

Reliance Equity Fund is managed by a ‘celebrated’ manager Mr. Omprakash Kuckian. The scheme aims to generate capital appreciation and provide long-term growth opportunities by investing in equity & equity related securities of top 100 companies by market capitalization. If you have already invested in this scheme, exit now to invest in a better performing fund. New investors can safely skip this fund.

Where does Reliance Equity Fund invest your money?

Reliance Equity Fund is a large cap fund which means majority of your money will be invested in stocks of large companies. Large cap companies tend to be stable compared to mid cap and small cap companies. And just to give kicker returns it has some exposure to mid cap companies. Presently it has 71.32% exposure to large sized companies and 26.84% exposure to mid sized companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Lifestyle needs
How has Reliance Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Feb 2006, your value of investments would be around Rs 1.01 lakhs. If you had invested Rs 1 Lakh for 5 years your value of investments would sadly be dropped to Rs 103317. The performance has not been similar to other large cap mutual funds. 

Assume you had invested Rs 10,000 every month in Reliance Equity Fund through SIP for 5 years today you would have around Rs 6.90 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Reliance Equity Fund is 2.43%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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