fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » Reliance Banking Fund

Reliance Banking Fund - G

NAV  ₹282.443 ↓ 2.07   (0.74 %) as on 15 Nov 19

Scheme Objective

The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking Sector and companies engaged in allied activities related to Banking Sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Reliance Banking Fund is a Equity - Sectoral fund launched on 26 May 03. It is a fund with High risk and has given a CAGR return of 22.5% since its launch.  Ranked 15 in Sectoral category.  Return for 2018 was -1.2% , 2017 was 44.1% and 2016 was 11.5% .

Below is the key information for Reliance Banking Fund

NAV as on 15 Nov 19₹282.443 ↓ 2.07   (0.74 %)
Net Assets (AUM) as on 30 Sep 2019 ₹2,872 Cr.
Launch Date26 May 2003
CategoryEquity - Sectoral
Rating
TypeOpen Ended Fund
RiskHigh
AMCReliance Nippon Life Asset Management Ltd.
Alpha Ratio-6.49
Expense Ratio2.39 %
Sharpe Ratio0.343
Information Ratio-0.74
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Nov 19

DurationReturns
1 Month 10.8%
3 Month 8%
6 Month 4.6%
1 Year 10.4%
3 Year 13.2%
5 Year 10.8%
10 Year
15 Year
Since launch 22.5%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 -1.2%
2017 44.1%
2016 11.5%
2015 -6%
2014 64.9%
2013 -10.4%
2012 60.5%
2011 -32%
2010 46.1%

Growth of 10k Over Years

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,460
31 Oct 16₹12,325
31 Oct 17₹15,975
31 Oct 18₹14,975
31 Oct 19₹16,546
Reliance Banking Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.03%
Equity95.64%
Other0.32%
Reliance Banking Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services95.64%
Reliance Banking Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional - Asia17%₹492 Cr11,337,130
↑ 200,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
Banks - Regional - Asia13%₹362 Cr2,950,000
State Bank of India (Financial Services)
Equity, Since 31 Mar 14 | SBIN
Banks - Regional - Asia9%₹258 Cr9,530,830
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 532215
Banks - Regional - Asia8%₹230 Cr3,355,216
↑ 989,913
Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Sep 18 | 532978
Insurance - Diversified7%₹199 Cr233,959
↓ -25,000
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 04 | FEDERALBNK
Banks - Regional - Asia6%₹176 Cr19,422,030
Bank of Baroda (Financial Services)
Equity, Since 31 Jul 18 | 532134
Banks - Regional - Asia5%₹140 Cr15,062,608
Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 30 Apr 19 | 504973
Insurance - Diversified3%₹99 Cr2,013,531
↑ 100,000
Canara Bank (Financial Services)
Equity, Since 30 Jun 18 | 532483
Banks - Regional - Asia3%₹97 Cr5,329,213
RBL Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | RBLBANK
Banks - Regional - Asia3%₹89 Cr2,703,000
↑ 400,000
1 - 10 of 28
Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Fund Managers

NameSinceTenure
Vinay Sharma9 Apr 181.48 Yr.
Kinjal Desai25 May 181.35 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

Karvy Fintech Pvt Ltd.
Address"KARVY HOUSE",46, Avenue 4, Street No.1,,Banjara Hills,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Nippon India Mutual Fund9th Floor, Crescenzo, C-38 & 39,,G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051

Auditors

CompanyAddress
Haribhakti & Co. Chartered Accountants42, Free Press House,4th Floor,,215, Nariman Point,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Reliance Banking Fund
Normal Dividend, Payout
₹50.8659
↑ 0.37
4.58 %9.28 %12.86 %10.46 %
Reliance Banking Fund
Normal Dividend, Reinvestment
₹50.8659
↑ 0.37
4.58 %9.28 %12.86 %10.46 %
Reliance Banking Fund
Growth
₹282.443
↑ 2.07
4.58 %10.42 %13.25 %10.79 %
Data as on 15 Nov 19

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.