Reliance Vision Fund

Reliance Vision fund is being managed by an experienced manager Ashwani Kumar. Ashwani has been managing the fund since June 2003. In 2005 the fund changed its portfolio structure to include large cap companies. It was a great performer in the past but has slowed down of late. If you have invested in this fund continue to do so while keeping a close watch on its performance. Do not allocate more than 30% of your investment funds to this one.

Where does Reliance Vision Fund invest your money ?

Reliance Vision Fund is a diversified large & mid cap fund which means most of your money will be invested in large and mid cap companies, and a small portion in small size companies. The fund allocates around 64% in stocks of large cap companies, 29% in stocks of mid cap companies and close to 6% in stocks of small cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies.

Suitable for what?
  • Lifestyle Needs
  • Wealth Creation
Not Suitable for?
  • Child's Education
  • Child's Marriage
  • Planning for Retirement
  • Buying a house 
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has Reliance Vision Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Oct 1995, your value of investments would be around Rs 21 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.3 lakhs. The performance has not been on par with other diversified large cap mutual funds. The fund has been giving at around 6% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in Reliance Vision through SIP for the past 5 years today you would have around Rs 6.87 lakhs.

When to review the performance?

Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance once a year. Too much attention is not good.

What charges apply?

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 No exit load applies for units withdrawn post one year.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 Vision Fund is 2.32%. 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.

When to exit?

Withdraw when your goals are closer to achievement. Do not remove the money during when the markets go up or down. Do not panic. Stick to your goals.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you did not withdraw within 1 year. Reliance Vision Fund does not qualify for sec 80C ELSS benefits.

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