This entry is part 3 of 11 in the series Mutual Fund NFO

 

Reliance Mutual Fund launched new fund offer Reliance Capital Builder Fund-Series C, 36 month (3 year) closed ended scheme. The NFO Opens for subscription on 17 Sep. 2014 & closes on 01 Oct. 2014.  No entry load will be applicable for the scheme.

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Scheme Details

Key Scheme Feature 
Scheme NameReliance Capital Builder Fund - Series C
Fund HouseReliance Mutual Fund
TypeClosed Ended - 3 Years=
CategoryEquity : Large & Mid Cap
BenchmarkS&P BSE 200
Option Growth / Dividend
Fund ManagerJahnvee Shah & Shailesh Raj Bhan
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Scheme NameReliance Capital Builder Fund - Series C
NFO Open17 Sep 2014
NFO Close01 Oct 2014
Scheme Type3 years close ended scheme
PlanRegular
Minimum Application AmountRs 5000
Load StructureFor Purchase during NFO : Entry & Exit - NIL

Cheque Details        : “Reliance Capital Builder Fund – Series C”

Who can InvestThis product is suitable for investors:

  • Seeking long term capital appreciation
  • With risk appetite of investing in Equities
  • Investors willing to take exposure in equity and equity related securities

Objective

Investment Framework of the Fund

 

  • High Growth potential generating relatively good earnings
  • High ROEs or rising ROEs
  • High operating leverage
  • Sustainable business characteristics with 10-20 year operational track record which are at an inflexion point to scale up
  • Good quality management with no fractured balance sheets

Stock Selection Idea (Portfolio Construction )

Investments focused on high growth companies which have the potential to generate significant Earning growth across the following key themes

  • Economical Recovery
    • Urban recovery : Consumer discretionary themes like Auto, Retails etc
    • Industrial revival : Engineering, Capital Goods etc
  • New Businesses – beneficiaries of Govt. actions
    • Defence, Railways
    • Media
    • Internet, E-Commerce
    • Travel & Hospitality
  • High Capability Companies available at Reasonable Valuations
    • Leaders in their segments currently ignored or underpriced
    • Long operating history
    • Low near term visibility – hence low expectations
  • Portfolio Construct
    • Investment across market cap with bias towards Mid Cap companies
    • Focused portfolio – Investment primarily in 25-30 high conviction holdings
    • Diversified portfolio – Portfolio will be well diversified across sectors and stocks

 

 

 

Tax Implication

Illustrative List of Tax Implications

This summary of tax implication is based on the current provisions of the applicable laws. In view of the individual nature of tax implications, investor are advise to refer the provisions of the Income-Tax Act & consult Investment Advisor or Tax advisor  with respects to the specific tax implications arising out of an investment in the scheme.

  • Income from Fund : Exempt from Tax
  • Dividend from Fund  :  Tax Free
  • Long Term Capital Gain (Unit held for more than 12 months qualify) : Tax Free
  • Short Term Capital Gain (Unit held for less than 12 month qualify) : 15%
  • Security Transaction Tax : Payable  at 0.001% on the value of units sold
  • Tax Deduction at Source (TDS) :  Not applicable for person resident in India; TDS applied on redemption proceeds payable to NRIs.

 

 

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rajendra@puneinvest.com

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