Monday, June 27, 2011

RELIANCE GROWTH FUND

Reliance Growth fund(RGF) is a mid-cap fund with small exposure to large cap stocks. RGF is ideal for those investors who are seeking a higher exposure to mid-cap stocks for capital appreciation and growth and considerably lower exposure to debt markets for consistent returns through a research based investment approach.

The largest in its category in terms of assets, Reliance Growth is also the best performer when one looks at the 5-year period ended April 30, 2010. Ever since 2001, this fund has beaten the category average every single year. Mr. Sunil B Singhania is the fund manger since Jan 2004. Top 5 sectors in which the fund has invested are financial services, Health care, Diversified industries, Technology and Energy. Being an out performer in the market for many years Reliance growth fund can be a good pick for SIPs for long term.
Following table will give you the outcome of SIP if you had invested Rs.5000/- per month regularly.

RELIANCE GROWTH FUND

SIP Performance

SIP (in Years)

Amount Invested

Present Value

CAGR(%)

3

180000.00

236254.06

18.56

5

300000.00

424227.02

13.86

7

420000.00

886017.02

20.28

10

600000.00

3685864.38

33.66

( NAV as on June 1, 2011: Rs.451.77)


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