Reliance Banking Fund

Details as on May 31, 2019 RBF
Sector Fund
Type of Scheme

An open ended equity scheme predominantly investing in Banking stocks

Current Investment Philosophy

Reliance Banking fund is a focused banking and financial services sector oriented fund investing across market caps within the sector. The fund is well diversified across sub segments like Private Banks, PSUs, NBFCs, Housing Fin Co’s, Broking houses, etc. The fund endeavors to generate superior alpha through active fund management. The alpha generation is attempted through tactical allocation across various sub segments and differentiated investment ideas. The fund thus attempts to lower risk through diversification while retaining the alpha creation potential.

Date of Allotment

May 26, 2003

Fund Manager

Vinay Sharma

Benchmark

Nifty Bank TRI

Fund Size
Monthly Average : ₹ 3,026.97 Cr
Month End : ₹ 3,203.36 Cr
NAV as on May 31, 2019
Growth Plan ₹ 299.1947
Dividend Plan ₹ 53.8827
Bonus Option ₹ 299.1947
Direct - Growth Plan ₹ 311.8894
Direct - Dividend Plan ₹ 68.7539
Direct - Bonus Option ₹ 311.8894

Load structure
Entry Load: Nil
Exit Load:1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil, thereafter.

Special Feature: Reliance Any Time Money Card
Volatility Measures
Standard Deviation 5.33
Beta 0.92
Sharpe Ratio 0.21
Note: The above measures have been calculated using monthly rolling returns for 36 months period with 6.00% risk free return (FBIL Overnight MIBOR as on 31/05/2019).

Portfolio Turnover (Times)
Portfolio Turnover1.18

Total Expense Ratio^
Regular/Other than Direct2.15
Direct1.50

Please click here for explanation on symbol: ^ and @ wherever available
Company/Issuer% of Assets
Banks
ICICI Bank Limited* 14.73
State Bank of India* 11.59
HDFC Bank Limited* 11.17
Axis Bank Limited* 5.97
Bank of Baroda* 5.87
The Federal Bank Limited* 5.34
Canara Bank* 5.21
IndusInd Bank Limited 2.51
Karur Vysya Bank Limited 1.59
Finance
Bharat Financial Inclusion Limited* 3.27
Bajaj Finserv Limited* 3.04
PNB Housing Finance Limited* 2.61
Muthoot Finance Limited 2.37
Cholamandalam Financial Holdings Limited 2.29
Bajaj Finance Limited 2.16
Magma Fincorp Limited 2.15
SBI Life Insurance Company Limited 1.97
Max Financial Services Limited 1.76
Equitas Holdings Limited 1.56
Certificate of Deposit 3.08
National Bank For Agriculture and Rural Development 3.08
Equity Less Than 1% of Corpus 2.66
Cash and Other Receivables 7.11
Grand Total 100.00

*Top 10 Holdings


For SIP performance refer page 59. For scheme performance please click here. For Fund manager wise scheme performance click here.
Record DateRate (₹/ Unit) Cum Dividend NAV Ex-Dividend NAV
Dividend Plan
8-Feb-19 3.98 50.0401 45.5401
9-Feb-18 6.25 58.6318 52.3818
10-Feb-17 5.00 51.0340 46.0340
Direct - Dividend Plan
8-Feb-19 3.98 62.4875 57.9875
09-Feb-18 6.25 71.1748 64.9248
10-Feb-17 5.00 60.4012 55.4012

Past performance may or may not be sustained in future. Pursuant to dividend payment, NAV falls to the extent of payout & statutory levy (if applicable). Face Value-₹ 10.

This product is suitable for investors who are seeking*:
• Long term capital growth
• Investment in equity and equity related securities of companies in banking sector and companies engaged in allied activities related to banking sector

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.



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