Application Debt and Liquid Schemes

8/3/2019 Application Debt and Liquid Schemes

1/26

Debt, Liquid & Interval Schemes

Continuous offer of Open-Ended Debt, Liquid & Interval Schemes at NAV based prices.

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. further details of the Scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors rights & services, risk factpenalties & pending litigations, etc., investors should, before investment, refer to the respective Scheme Information Document Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the webs

li t l

Key Information Memorandum cum Common Application Form

An open-ended Income Scheme

Reliance

Money Manager Fund

An open-ended Liquid scheme

Reliance Liquid Fund

- Treasury Plan

A open-ended Income Scheme

Reliance

Dynamic Bond Fund

Reliance

Short Term FundA open-ended Income Scheme

An open-ended Liquid Scheme

Reliance

Liquidity Fund


Reliance Floating

Rate Fund -Short Term Plan

Reliance

Income FundA open-ended Income Scheme

Reliance Monthly

Income PlanAn open-ended Fund. Monthly Incomeis not assured & is subject to the

availability of distributable surplus

REGISTERED OFFICE:Reliance House,

Nr. Mardia Plaza,Off. C.G. Road,Ahmedabad 380 006.

REGISTRARKarvy Computershare Private LimitedMadhura Estate, Muncipal No 1-9/13/CPlot No 13 & 13C , Survey No 74 & 75Madhapur Village, Serlingampally Mandal & MuncipalityR R District, Hyderabad 500 081.Tel: 040-40308000 Fax: 040-23394828

AUDITORS TO THE SCHEMHaribhakti & Co.Chartered Accountants42, Free Press HouseNariman PointMumbai-400 021.

CUSTODIANDeutsche Bank AGKodak House, Ground Floor,Mumbai-400 001.

SPONSORCorporate Office

Reliance Capital LimitedH Block, 1st FloorDhirubhai Ambani Knowledge CityKoparkhairne, Navi Mumbai - 400 710

Tel: 022-3032 7000, Fax: 022-3032 7202

TRUSTEECorporate OfficeReliance Capital Trustee Co. LimitedOne Indiabulls Centre, Tower 1,11th & 12th Floor, Jupiter Mill Compound,841, Senapati Bapat MargElphinstone Road, Mumbai-400 013Tel No. +91 022 30994600Fax No. +91 022 30994699

INVESTMENT MANAGERCorporate Office

Reliance Capital Asset Management LimitedOne Indiabulls Centre, Tower 1, 11th & 12th Floor,Jupiter Mill Compound, 841, Senapati Bapat MargElphinstone Road, Mumbai-400 013Tel No. +91 022 30994600 Fax No. +91 022 30994699Customer Care: 1800-300-11111 (Toll free) / 3030 1111

www.reliancemutual.com

Reliance Capital Asset Management Limited

A Reliance Capital Company

An open-ended scheme

Reliance Regular

Savings Fund-Debt Option

An open-ended Liquid scheme

Reliance Liquid Fund

- Cash Plan

A debt oriented Interval Scheme

Reliance

Interval Fund

Reliance Gilt

Securities FundAn open-ended Government

Securities Scheme


with no assured returns

Reliance

Medium Term Fund


2/26

KEY SCHEME FEATURESName of the Scheme

Investment objective

Rs. 1,000 & in multiples of Re. 1 thereafter

Plans and Options

Performance of the Scheme

as on 31/05/2011

Calculation assume that all payouts during the period have been re-investedin the units of the scheme at the then prevailing NAV. All the returns are of - Growth Plan - Growth Option

Reliance Money Manager Fund(An Open ended Income Scheme)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investindebt securities and money market securities.,

Asset Allocation Pattern Debt Instruments* including Government Securities, Corporate Debt, Other debt instruments and Money Market Instruments withaverage maturity less than equal to 12 months- 0-100%, Debt Instruments* including Government Securities, Corporate Debt and othdebt Instruments with average maturity greater than 12 months- 0-50% *Securitised debt upto 60% of the corpus.

This fund belongs to the family of ultra short term debt funds with very low exposure to MTM instruments. The fund is managed w

relatively conservative approach to credit r isk and duration as compared to Reliance Medium Term Fund & Reliance Floating Rate Fu

Short Term Plan. As a result of having a higher credit profile and a low MTM component, the returns may be less volatile than Relia

Medium Term Fund & Reliance Floating Rate Fund - Short Term Plan. The fund portfolio is designed to generate a moderate yield picover liquid funds and is suitable for investors with investment between 1 week to 1 month.

Differentiation

No of Folios as on

31/05/201116635

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorprocedures for monitoring investment restrictions, monitor ing of rating transitions, and effective implementation of various noprescribed by SEBI from time to time.

Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balancemanagement of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity rdefault risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective us

hedging techniques. The fund management team will take an active view of the interest rate movement by keeping a close watch on variparameters of the Indian economy, as well as developments in global markets.,

Under both Retail and Institutional Plan: Growth option, Bonus Option & Dividend Option (Reinvestment & Payout option)

For Retail Plan - 1 lac and in multiples of Re 1 thereafter, For Institutional Plan - Rs 1 crore and in multiples of Re 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount

Minimum Redemption Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimubalance equal to the minimum subscr iption amount under each of the plans, is required to be maintained in the account.

Crisil Liquid Fund IndexBenchmark

Amit Tripathi & Anju ChajjerFund Manager

Based on NAV of Retail Plan-Growth Option.Date of Inception 21/03/2007

3 Years 5 yearsPeriod 1 Year Returns Since Inception

Scheme Returns % 7.00 6.74 NA 7.26

Benchmark Returns % 6.91 6.19 NA 6.61

Dividend Frequency Under dividend Reinvestment option: Daily, Weekly, Monthly, Quarterly; Under dividend Payout option: Weekly, Monthly, Quarterly

The total expenses of the scheme including the investment management and advisory fee shall not exceed the limits (i.e. % of thedaily or average weekly net assets) stated in Regulation 52(6) of SEBI (Mutual Funds) Regulations, 1996. (i) On the first Rs. 100crore - 2.25%; (ii) On the next Rs. 300 crore - 2.00%; (iii) On the next Rs. 300 crore - 1.75%; (iv) Balance 1.50%;

Nil

Nil

Entry Load

Exit Load

(ii)Recurring Expenses

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to thinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based othe investors' assessment of various factors including the service rendered by the distributor

Expenses of the scheme (i) Load Structure

Performance of the Scheme as on 31/03/2011

Absolute returns for each Financial Year for the last 4 years

RetailPlan: 0 67% Institutional Plan: 0 30%Actual expenses

Compounded Annualised Returns

Quarterly AAUM

as on 31/03/2011Rs. 8809 Crs.

Past performance may or may not be sustained in future

Scheme Returns (%) Benchmark Returns(%)


0.001.002.003.004.005.006.007.008.009.00

10.00

6.27

4.97

8.88 8.43

6.21

3.69

8.81

7.43

FY 10 -11 FY 09 -10 FY 08 -09 FY 07 -08

Percentage(%)

Period


3/26



Nil

Nil


Plans and Options

Entry Load

Exit Load

Calculation assume that all payouts during the period have been re-investedn the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option

Reliance Medium Term Fund(An open ended Income Scheme with no assured returns)

The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholdand the secondary objective is growth of capital.

Asset Allocation Pattern Money Market Instruments/Short Term debt Instruments/Floating Rate Notes with maturity/interest rate reset period not exceedimonths 0%- 80%. Money Market Instruments (CPs, T-Bills, CDs) and/or other Short Term debt instruments (Floating Rate Notes, STenor NCDs, Securitized debt#) and any other instrument with duration of more than 3 months but not exceeding 3 years 20100%#Securitized debt upto 80% of the corpus.

This fund belongs to the family of ultra short term debt funds, with moderate exposure to MTM assets. The portfolio is positioned ashorter end of the yield curve but has a leeway to take marginal exposure to securities upto 1 year maturity in case value is identified at

part of the curve. This fund can marginally enhance the credit risk profile of the portfolio to enhance returns. The NAV of the fund may little more volatile than a liquid fund because of a higher MTM component in the fund. The fund is suitable for investors with an investmhorizon of 1 month or more

Differentiation

24686

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedufor monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various norms prescribed by Sfrom time to time.

Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between saliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance for managemof the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity risk, default purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective use of hedtechniques. Income may be generated through the receipt of coupon payments, the amortisation of the discount on debt instrume

receipt of dividends or the purchase and sale of securities in the underlying portfolio. The Scheme will, under normal market conditinvest its net assets primarily in fixed income securities, money market instruments, cash and cash equivalents, while at the same tmaintaining a small exposure to the equity market. The fund management team will take an active view of the interest rate movemenkeeping a close watch on various parameters of the Indian economy, as well as developments in global markets.

Growth Plan (Growth option) & Dividend Plan (Payout & Reinvestment options)

Rs. 5,000 & in multiples of Re. 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount

Minimum Redemption Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimumbalance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account.

Crisil Short Term Bond Fund IndexBenchmark

Amit Tripathi & Anju ChajjerFund ManagerBased on NAV of Retail Plan - Growth Plan - Growth Option. Date of Inception 25/09/2000


Scheme Returns % 7.13 6.67 6.68 6.96

Benchmark Returns % 5.00 6.75 6.92 NA

(ii) Recurring Expenses

Dividend Frequency Under dividend reinvestment option: Daily, Weekly, Monthly, Quarterly; Under dividend payout option: Weekly, Monthly, Quarterly

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to thinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors baseon the investors' assessment of various factors including the service rendered by the distributor


The total expenses of the scheme including the investment management and advisory fee shall not exceed the limits (i.e. % of thedaily or average weekly net assets) stated in Regulation 52(6) of SEBI (Mutual Funds) Regulations, 1996. (i) On the first Rs. 100

crore - 2.25%; (ii) On the next Rs. 300 crore - 2.00%; (iii) On the next Rs. 300 crore - 1.75%; (iv) Balance 1.50%;




Period


6.62

5.03

8.187.20

6.265.12

5.88

9.798.78

5.71

0.00

2.00

4.00

6.00

8.00

10.00

12.00

FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

0.32%Actual expenses

(For the previous financial(2010 2011) Y t


Quarterly AAUM

as on 31/03/2011Rs. 1956 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011

Percentage(%)



4/26



In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on investors' assessment of various factors including the service rendered by the distributor

Nil

Additional purchase can be made any amount for all categories of investor under all the plans/opt ions.

Plans and Options

Entry Load

Exit Load

Calculation assume that all payouts during the period have been re-investedin the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option

Reliance Liquidity Fund(An Open ended Liquid Scheme)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity.Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Asset Allocation Pattern Repo and Reverse Repo 0 - 35%, Money Market Instruments (Mibor linked instruments, CPs, T-Bills, CDs) and/or otherShort Term debt instruments (Floating Rate Notes, Short Tenor NCDs, PTCs) and/or Less than 1 year maturity Gsecs- 65-100%Securitised debt upto 40% of the corpus

The fund belongs to the family of Liquid Funds. It is designed to handle extremely large ticket size investments with the minimapplication amount being Rs. 5 crore. Since the fund is meant for large ticket size investors, therefore, on an average maintains low toexpense ratio resulting from low marketing expense.The portfolio endeavors to maintain a larger proportion of assets in liquid, cash a

near cash instruments to handle the possibility of larger volatility in a smooth manner.

Differentiation

208

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedfor monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various norms prescribed by Sfrom time to time.

Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balancemanagement of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity rdefault risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective ushedging techniques. The fund management team will take an active view of the interest rate movement by keeping a close watch on vari

parameters of the Indian economy, as well as developments in global markets.

Growth option, Bonus option & Dividend option (Payout & Reinvestment option)

Rs 5 Crore & in multiples of Re. 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount

Minimum Redemption Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum

balance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account.


Amit Tripathi & Anju ChajjerFund Manager

Based on NAV of Growth Plan-Growth Option. Date of Inception 16/06/2005

1Year 3 Years 5 yearsPeriod Returns Since Inception

Scheme Returns % 7.22 6.71 7.21 7.01

Benchmark Returns % 6.91 6.19 6.51 6.32


Dividend Frequency For dividend reinvestment option - Daily, Weekly, Monthly, Quarterly; For dividend payout option - Monthly & Quaterly


Nil






Quarterly AAUM

as on 31/03/2011

Rs. 13113 Crs.

No of Folios as on

31/05/2011

Performance of the Schemeas on 31/05/2011

Period



6.53

4.64

8.948.16

7.48

6.21

3.69

8.81

7.436.46

0.00

1.002.00

3.00

4.005.006.00

7.008.009.00

10.00

FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

Percentage(%)



5/26



In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based oninvestors' assessment of various factors including the service rendered by the distributor

Nil

1,000 & in multiples of Re. 1 thereafter

Plans and Options

Entry Load

Exit Load

Calculation assume that all payouts during the period have been re-investedin the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan- Growth Plan - Growth Option

Reliance Liquid Fund-Treasury Plan(An open ended Liquid Scheme)

The investment objective of the scheme is to generate optimal returns consistent wi th moderate levels of risk and high liquiditAccordingly, investments shall predominantly be made in Debt and Money Market Instruments

Asset Allocation Pattern Call Money/Cash/Repo and Reverse Repo- 0 - 50%, Money Market Instruments (Mibor linked instruments,)CPs, T-Bills, CDsand/or other Short Term papers) 0 - 95%.Securitised debt may go upto 40% of the corpus.

This fund belongs to the family of Liquid Funds. It is targeted towards varied investor categories like retail/SMEs/HNIs due to which

minimum investment amount in the fund is Rs 5000. Since the fund is targeted towards a diverse investor base, the AUM of the fun

relatively more stable in nature. This is reflected in its portfolio wherein there is a relatively lower allocation to relative cash and cash

instruments. Also because of a more diversified investor base, the marketing expenses on an average are slightly higher than Relia

Liquidity Fund resulting in relatively higher expense charged.

Differentiation

36740

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorprocedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various noprescribed by SEBI from time to time.

Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance betwsafety, liquidity and profitability aspects of var ious investments. The fund manager will try to achieve an optimal risk return balafor management of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquirisk, default risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification aeffective use of hedging techniques. The fund management team will take an active view of the interest rate movement by keepinclose watch on various parameters of the Indian economy, as well as developments in global markets.

Under Retail & Institutional Plan: Growth option & Dividend option (Payout & Reinvestment option)

Retail Plan: Rs. 5,000 and in multiples of Re. 1 thereafter; Institutional Plan: Rs. 1,00,00,000 and in multiples of Re. 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount

Minimum Redemption Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimum balance equal tominimum subscription amount under each of the plans, is required to be maintained in the account.


Prashant PimpleFund Manager

Based on NAV of Retail Plan - Growth Plan - Growth option. Date of Inception 23/03/98

1 Years 3 Years 5 yearsPeriod Returns Since Inception

Scheme Returns % 6.75 6.40 6.79 6.76



Dividend Frequency Under Dividend Payout Option: Monthly & Quarterly; Under Dividend Reinvestment: Daily, Weekly, Monthly, Quarterly


Nil

The total expenses of the scheme including the investment management and advisory fee shall not exceed the limits (i.e. % of thedaily or average weekly net assets) stated in Regulation 52(6) of SEBI (Mutual Funds) Regulations, 1996. (i) On the first Rs. 100

crore - 2.25%; (ii) On the next Rs. 300 crore - 2.00%; (iii) On the next Rs. 300 crore - 1.75%; (iv) Balance 1.50%;



Period



6.07

4.53

8.567.67

6.656.21

3.69

8.81

7.43

6.46

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

Retail Plan: 0.64% Institutional Plan: 0.38%Actual expenses

(For the previous financialyear (2010 2011) Year to


Quarterly AAUM

as on 31/03/2011Rs. 2229 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011

Percentage(%)



6/26



In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme toinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based oninvestors' assessment of various factors including the service rendered by the distributor

Nil

1,000 & in multiples of Re. 1 thereafter

Plans and Options

Entry Load

Exit Load

alculation assume that all payouts during the period have been re-invested the units of the scheme at the then prevailing NAV. All the returns are of - Growth Plan - Growth Option

Reliance Liquid Fund-Cash Plan(An open ended Liquid Scheme)

The investment objective of the scheme is to generate optimal returns consistent wi th moderate levels of risk and high liquidityAccordingly, investments shall predominantly be made in Debt and Money Market Instruments

Asset Allocation Pattern Money Market Instruments - 80% - 100% Debt Instruments (Corporate Debt, Financial Institutions & Banking Sector Bonds, PublicSector Bonds, Government Guaranteed Bonds and related instruments) - 0% - 20%.

This fund also belongs to the family of Liquid Funds. The fund is managed with a relatively conservative approach to credit risk compared to other liquid funds. Large part of the portfolio will be invested in the banks/financial institution space to achieve thobjective. The fund is suitable to park very short term investment surplus for a duration ranging from a day to a month.

Differentiation

2673

Risk Mitigation Factors

Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance betwesafety, liquidity and profitability aspects of various investments. The fund manager will t ry to achieve an optimal risk return balanfor management of the fixed income portfolios. The investments in debt instruments carry various ri sks like interest rate risk, liquidrisk, default risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification aeffective use of hedging techniques. The fund management team will take an acti ve view of the interest rate movement by keepinclose watch on various parameters of the Indian economy, as well as developments in global markets.

Growth option & Dividend option (Re-investment Option & Payout Option)

Rs. 5,000 and in multiples of Re. 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount




Amit TripathiFund Manager

Based on NAV of Growth Plan - Growth Option. Date of Inception 9/11/2010**


Scheme Returns % N. A. N. A. N. A. 4.56

Benchmark Returns % N. A. N. A. N. A. 4.29


Dividend Frequency Under Dividend Reinvestment option: Daily , Weekly, Monthly & Quarterly, Under Dividend Payout Option: Monthly & Quarterly

Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigoroprocedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various norprescribed by SEBI from time to time.


Nil



Absolute returns for the Financial Year


(For the previous financialyear (2010-2011) Year tod t R ti t A AUM)

Absolute Returns

Quarterly AAUM

as on 31/03/2011

Rs. 6725 Crs.

No of Folios as on

31/05/2011


Past performance may or may not be sustained in future 3.08 3.00

0

0.5

1

1.5

2

2.5

3

3.5

FY 10-11*



Percentage(%)

*Since Inception (9/11/2010 - 31/03/2011)


7/26


Scheme Returns % 7.25 N. A. N. A. 7.22

Benchmark Returns % 6.91 N. A. N. A. 6.85



0.25%, if the units are redeemed within 1 month from the date of allotment. Nil thereafter


Plans and Options

Entry Load

Exit Load


Absolute returns for the Financial Year


Reliance Floating Rate Fund Short Term Plan (Formerly Reliance Floating Rate Fund)( An open ended income scheme)

The primary investment objective of the scheme is to generate regular income through investment in a portfolio comprising substantiaFloating Rate Debt Securities (including floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instrumeswapped for floating rate returns) The scheme shall also invest in Fixed Rate Debt Securities (including fixed rate securitised debt, MoMarket Instruments and Floating Rate Debt Instruments swapped for fixed returns).

Asset Allocation Pattern Money market instruments and Floating Rate Debt Securities (including floating rate securitised debt & Fixed rate debt instrumentFloating Rate Debt Instruments swapped for Fixed Rate returns) with tenure exceeding 3 months upto a maturity of 3 years 25% - 10Fixed Rate Debt Securities (including securitized debt, Money Market Instruments & Floating Rate Debt Instruments swapped for fixedreturns) 0% - 75% Securitised debt will a part of debt securities upto 50% of the corpus

The fund belongs to the category of Ultra Short Term Funds. A significant portion of the fund is mandated to invest in a combination of securities, money market instruments and floating rate instruments with a maturity profile of three months and upto 2 years. This fundhave a slightly more aggressive credit and duration profile compared to Reliance Money Manager Fund and Reliance Medium Term Fand therefore would be suitable for investors with minimum 3 months holding period.

Differentiation

11646


Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance management of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity rdefault risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective use

hedging techniques. The fund management team will take an active view of the interest rate movement by keeping a close watchvarious parameters of the Indian economy, as well as developments in global markets.

Growth Plan (Growth Option), Dividend Plan (Payout & Reinvestment option)

Rs. 5000 and in multiples of Re 1 thereafterMinimum Application Amount

Minimum Additional

Purchase Amount

Minimum Redemption Redemptions can be for any amount or any number of units. However, in order to keep the account in operation, minimbalance equal to the minimum subscription amount under each of the plans, is required to be maintained in the account.



Based on NAV of Growth Plan - Growth Option. Date of inception 24/05/2010

Recurring Expenses

Dividend Frequency Under Payout Option (Weekly, Monthly, Quarterly), Under Reinvestment Option (Daily, weekly, Monthly, Quarterly)

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on investors' assessment of various factors including the service rendered by the distributor


Nil



(For the previous financialyear (2010-2011) Year tod t R ti t A AUM)

Quarterly AAUM

as on 31/03/2011Rs. 462 Crs.

No of Folios as on

31/05/2011





Period

*Since Inception (24/05/2010 - 31/03/2011)

6.085.66

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

Scheme Returns (%)

Benchmark Returns(%)

Percentage(%)

FY-10-11*


8/26



Nil


Plans and Options

Entry Load

Exit Load


Reliance Short Term Fund(An open ended Income Scheme)

The primary investment objective of the scheme is to generate stable returns for investors with a short term investment horizon binvesting in fixed income securitites of a short term maturity

Asset Allocation PatternDebt & Money market instruments with average maturity upto 1 year 60% - 100%Debt instruments with average maturity greater than a year and normally upto 7 years depending upon availability 0% - 40%Securitised debt may go upto 40% of the corpus.

The fund belongs to the family of income funds. It is suitable for investors with short to medium term investment horizon of 6 9 monthsmedium appetite for risk. The fund predominantly invests in various debt instruments like Government and Corporate bonds, SecuritDebt, Money Market Instruments etc and normally maintains a moderate maturity of the portfolio between 1- 2 years.

Differentiation

7114


Investment Strategy Reliance Short Term Fund is positioned as an intermediate product positioned between the long term Income Fund (Reliance IncomFund) and the very short term liquid Fund (Reliance Liquid Fund). Accordingly, investments will be made mainly in short to medium tematurity debt instruments in line with the investment objective of the Scheme of achieving stable returns. The fund management team wendeavor to maintain a consistent performance in the scheme by maintaining a balance between safety, liquidity and profitability aspecof various investments. The fund manager will try to achieve an optimal risk return balance for management of the fixed income portfolioThe investments in debt instruments carry various risks like interest rate risk, liquidity risk, default risk, purchasing power risk etc. Whthey cannot be done away with, they can be minimized by diversification and effective use of hedging techniques.

Growth Plan(Growth option) & Dividend Plan (Payout & Reinvestment option)

Rs. 5,000 and in multiples of Re. 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount




Based on NAV of Retail Plan-Growth Plan- Growth Option.Date of Incept ion 23/12/02

Recurring Expenses

Dividend Frequency Under both dividend payout & Dividend reinvestment option: Monthly, Quarterly

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors bason the investors' assessment of various factors including the service rendered by the distributor


Scheme Returns % 5.08 8.27 8.53 7.54



Nil






Quarterly AAUM

as on 31/03/2011Rs. 2864 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011

Period


Benchmark Returns(%)Scheme Returns (%)

5.42

7.59

12.62

9.98

7.556.21

3.69

8.817.43

6.39

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

Percentage(%)



9/26



Under both Retail & Institutional Plan:Nil

Under both Retail & Institutional Plan:2% if redeemed/switched out on or before completion of 1 year Nil, if redeemed/switched outafter completion of 1year.

Retail Plan: Rs. 500 & in multiples of Re. 1 thereafter Insti tutional Plan:Rs. 1lac per option & in multiples of Re. 1 thereafter

Plans and Options

Entry Load

Exit Load

Calculation assume that all payouts during the period have been re-investedin the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option

Reliance Regular Savings Fund- Debt Option(An open ended scheme)

The primary investment objective of this option is to generate optimal returns consistent with a moderate level of risk. This income maycomplemented by capital appreciation of the portfolio. Accordingly, investments will predominantly be made in Debt & Money MarketInstruments.

Asset Allocation Pattern Debt Instruments( including securit ised debt) with maturity of more than 1 year - 65-100% Money Market Instruments (includingCash/ Call Money & Reverse Repo) and Debentures with maturity of less than 1 year - 0-35% (Securitised debt will be a part of tdebt securities, upto 25% of the corpus)

This fund belongs to the family of income funds. This fund is positioned towards the retail/HNI/SME kind of fixed income investors. The has a limit on the amount that the investor can invest in a month. The fund basically seeks to benefit from any opportunity available indebt market space at different points in time. Therefore, this fund invests based on short to medium term interest rate view and shape oyield curve. It typically maintains a moderate duration between 1 - 2 years and invests in well researched credits/ structures for yenhancement. The fund is intended towards ensuring that the investors have a healthy holding period return over 1 - 2 years.

Differentiation

9215

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorprocedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various noprescribed by SEBI from time to time.

Investment StrategyThe Fund Management Team will endeavor to maintain a consistent performance in the Scheme by maintaining a balance betw

safety, liquidity & profitability aspects of various investments. The Scheme will, under normal market condi tions, invest its net ass

in fixed income securities like Central Government securities, Treasury Bills, Corporate Bonds, and CBLO etc. The scheme may a

invest its net assets in Derivatives like Interest rate swaps, Forward Rate agreements and other such instruments as permit ted by

/ SEBI. To reduce the volatility, the fund will keep a low government security exposure. The exposure in gover nment securities

generally not exceed 50% of the corpus of the scheme. Some of the Debt Instruments may not be listed and investments will be m

through public offer or private placement or secondary market open fund. The average maturity of the debt portfolio may normally

maintained between 1 and 7 years.

U Institutional Plan: Plan Plannder both Retail & Growth & Dividend (Dividend Payout & Dividend Reinvestment Option)

Retail Plan: Rs.500 per option & in multiples of Re. 1 thereafter Institutional Plan:Rs. 25lacs per option & in multiples of Re. 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount


Crisil Composite Bond Fund IndexBenchmark


Based on NAV of Growth Plan-Debt Option. Date of Inception 09/06/2005


Scheme Returns % 4.77 6.07 5.33 4.95



Dividend Frequency Quarterly

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to thinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based othe investors' assessment of various factors including the service rendered by the distributor





R t il Pl 1 60% I tit ti l Pl 1 00%Actualexpenses


Quarterly AAUM

as on 31/03/2011Rs. 2468 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011


0.00

1.002.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

4.80

9.52

4.31 4.46

3.07

5.06 5.41

7.358.20

3.68

P

ercentage(%)


RRSF Debt Option Crisil Composite Bond Fund Index

Period


10/26



Nil. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme toinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on investors' assessment of various factors including the service rendered by the distributor

1% of the applicable NAV if redeemed or switched out on or before completion of 30 days from the date of allotment of units. There shall be no exit load after completion of 30 days from the date of allotment of units.

Rs. 1000 & in multiples of Re. 1 thereafter

Plans and Options

Entry Load

Exit Load

Calculation assume that all payouts during the period have been re-invested inthe units of the scheme at the then prevailing NAV. All the returns are of - Growth Plan - Growth Option

Reliance Income Fund(An open ended Income Scheme)

The primary investment objective of the scheme is to generate optimal returns consistent with moderate level of risk. This income macomplemented by capital appreciation of the portfolio.Accordingly, investments shall predominantly be made in Debt & Money MaInstruments

Asset Allocation Pattern Debt Instruments - 50 - 100%, Money Market Instruments - 0 - 50% The Fund will normally endeavor to keep Securitised Debt upto of the corpus

This fund belongs to the family of income funds. It is suitable for investors with medium to longer term investment horizon ofmonths and more and medium to high appetite for risk. Income funds mainly invest in debt securities of varying maturi ty periods, both in short term and long term debt instruments like Government and Corporate bonds, Securitized Debt, Money Mar

Instruments etc, depending on the fund managers view of the market.

Differentiation

5749

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedfor monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various norms prescribed by Sfrom time to time.

Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balancemanagement of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity rdefault risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective ushedging techniques. The fund management team will take an active view of the interest rate movement by keeping a close watch on variparameters of the Indian economy, as well as developments in global markets.

Growth plan (Growth & Bonus options) & Dividend plan (Payout & Reinvestment options)

For Growth Plan (Growth & Bonus Option): Rs. 5,000 & in multiples of Re. 1 thereafter; Monthly Dividend option: Rs 25,000 & in multipof Re. 1 thereafter; Quarterly Dividend option: Rs 10,000 & in multiples of Re. 1 thereafter; Half Yearly Dividend option: Rs 5,000 &multiples of Re. 1 thereafter ; Annual Dividend option: Rs 5,000 & in multiples of Re. 1 thereafter

Minimum Application Amount

MinimumAdditional

PurchaseAmount




Based on NAV of Retail Plan - Growth Plan - Growth Option.Date of Inception 01/01/98

1 Year 3 Years 5 yearsPeriod Returns Since Inception

Scheme Returns % 3.47 8.15 7.82 9.18


Recurring Expenses

Dividend Frequency Dividend payout: Monthly, Quarterly, Half yearly, Annual & Dividend Reinvestment option: Monthly, Quarterly, Half yearly, Annual






(For the previous financialyear (2010-2011) Year to


Quarterly AAUM

as on 31/03/2011Rs. 211 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011

Period



FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

4.80

9.52

4.31 4.46

3.07

5.065.41

7.35

8.20

3.68

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

Percentage(%)



11/26



In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based onthe investors' assessment of various factors including the service rendered by the distributor

1.00%, if the units are redeemed within 6 months from the date of allotment of units. Nil, if units are redeemed after 6 months from the date of allotment of units.


Plans and Options

Entry Load

Exit Load

alculation assume that all payouts during the period have been re-investedn the units of the scheme at the then prevailing NAV. All the returns are of Growth Plan - Growth Option

Reliance Dynamic Bond Fund(An open ended Income Scheme)

(Formerly Reliance NRI Income Fund)

The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. Thisincome may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominant ly be made Debt and Money Market Instruments

Asset Allocation Pattern Debt instruments: 0%-100%. Investment in securitised debt upto 40% may be undertaken.

The fund has a dynamic asset allocation structure enabling complete flexibility in investment in debt instruments which may includinvestments in corporate and PSU bonds, Government Securities, money market instruments, securitized debt etc of varying tenors anthe quantum of investments in any of the above mentioned categories is also flexible. Therefore, the fund intends to take medium term caon interest rates and take significant bets on the same. A significant portion of the fund's pie shall be invested in higher rate corpora

bonds, money market instruments and gilts. Credit call, if at all, will be taken on low duration securities.

Differentiation

324

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedufor monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various norms prescribed by SEfrom time to time.

Investment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safeliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance fmanagement of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity risdefault risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective usehedging techniques. The fund management team will take an active view of the interest rate movement by keeping a close watch on varioparameters of the Indian economy, as well as developments in global markets.

Growth Plan (Growth option) & Dividend Plan (Payout & Reinvestment option)

Rs. 5000 and in multiples of Re 1 thereafterMinimumApplicationAmount

MinimumAdditional

PurchaseAmount


balance equal to the minimum subscription amount under each of the plans, is requi red to be maintained in the account.



Based on NAV of Growth Plan-Growth Option. Date of Inception 16/11/2004


Scheme Returns % 6.12 3.30 3.78 3.92


0 68%

ii) Recurring Expenses

Dividend Frequency N.A.


Nil.





Quarterly AAUM

as on 31/03/2011Rs. 284 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011


Percentage(%)


Period


5.63

2.211.49

2.33

7.30

5.065.41

7.358.20

3.68

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

Actual expenses


12/26

3 Years 5 yearsPeriod 1 Year Returns Since InceptionScheme Returns % 2.74 NA NA 7.47

Benchmark Returns % 4.44 NA NA 11.35



Retail Plan & Institutional Plan: Nil

Retail: Rs.1000 & in multiples of Re. 1thereafter Institutional Plan: Rs. 100,000 & in multiples of Re. 1thereafter

Plans and Options

Entry Load

Exit Load

Reliance Gilt Securities Fund(An open ended Government Securities Scheme)

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio ofsecurities issued and guaranteed by the Central Government and State Government

Asset Allocation Pattern Gilts - 70 - 100%, Money Market Instruments 0 - 30%

This fund belongs to the family of Gilt Funds. It predominantly invests in a portfolio comprising of securit ies issued and guaranteedthe Central Government and State Government , hence has a higher credit profile. It has a very low credit risk profile. However, it run extremely long durations and therefore, have a higher interest rate risk profile. It is suitable for investors with an investment horizof 12 months and longer who have a positive view on falling interest rates.

Differentiation

379

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorous procedurefor monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various norms prescribed by SEfrom time to time.

Investment Strategy

Under Retail & Institutional Plan Growth option(Growth option), Dividend option(Payout & Reinvestment option) & Provident Fund(PF) Option: Automatic Capital Appreciation Payout Option (ACAPO), Defined Maturity Date Option (DMDO), Automatic AnnualReinvestment Option (AARO).

Retail: Rs. 10,000 Institutional Plan: Rs. 1 crore & in multiples of Re. 1 thereafterMinimum Application Amount

MinimumAdditional

PurchaseAmount


I Sec - Li BexBenchmark



Dividend FrequencyNA

For Retail and Institutional Plan: NilIn terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme tothe investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributorsbased on the investors' assessment of various factors including the service rendered by the distributor

Calculation assume that all payouts during the period have been re-investedin the units of the scheme at the then prevailing NAV. All the returns are of Retail Plan - Growth Plan - Growth Option

The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance betweesafety, liquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balancfor management of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidirisk, default risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification aneffective use of hedging techniques. The fund management team will take an acti ve view of the interest rate movement by keepingclose watch on various parameters of the Indian economy, as well as developments in global markets.

Based on the NAV of Retail Plan - Growth option

Date of Inception 22/08/08




Absolute returns for each F inancial Year for the last 3 years

Retail 1.49% Institutional 1.39%Actual expenses

(For the previous financialyear (2010-2011) Year todate Ratio to Average AUM)


Quarterly AAUM

as on 31/03/2011Rs. 76 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011

Past performance may or may not be sustained in future.

Period


Returns for the period(22.08.08 -31.03.09)

3.95 3.63

25.00

7.39

3.09

22.37

0.00

5.00

10.00

15.00

20.00

25.00

30.00

FY 10-11 FY 09-10

Percentage(%)



13/26


nvestment objective

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based othe investors' assessment of various factors including the service rendered by the distributor


Plans and Options

Entry Load

Exit Load


Reliance Monthly Income Plan(An open ended Fund. Monthly Income is not assured & is subject to the availability of distributable surplus)

The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments tounitholders and the secondary objective is growth of capital

Asset Allocation Pattern Equity and Equity related Securities-0%-20%, Fixed Income Securities (Debt & Money Market Instruments) 80%-100%. Securitised dwill be a part of debt Securities up to 25% of corpus

This is a hybrid fund with a marginal allocation to equity which may go up to maximum 20%. This is ideal for a predominantly fixed incoinvestor with a marginal appetite for equity risk. The investment horizon in this fund should typically be 2 years or more so that the long tbenefit of having a marginal exposure to equity pays off. The fund intends to offer a predominantly fixed income investor the power of eqalong with the stability of debt.

Differentiation

224204


nvestment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance management of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity rdefault risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective usehedging techniques. The fund management team will take an active view of the interest rate movement by keeping a close watch on varioparameters of the Indian economy, as well as developments in global markets.

Growth Plan & Dividend Plan (Payout & Reinvestment option)

For All Plans & Options: Rs. 5000 and in multiples of Re. 1 thereafter.MinimumApplicationAmount

MinimumAdditional

PurchaseAmount


Crisil MIP Blended IndexBenchmark

Amit Tripathi & Ashwani KumarFund Manager

Based on NAV of Growth Plan - Growth Option.Date of Inception 13/01/2004

1 Year 3 Years 5 yearsPeriod Returns Since Inception

Scheme Returns % 6.16 14.55 11.20 11.07


(ii)Recurring Expenses

Dividend Frequency Under both dividend payout & reinvestment option: Monthly, Quarterly

1% if the units are redeemed/switched out on or before completion of 1year from the date of allotment of units. There shall be no exit load after completion 1year from the date of allotment of units.


Nil.




1 54%Actual expenses


Quarterly AAUM

as on 31/03/2011

Rs. 8393 Crs.

No of Folios as on

31/05/2011


as on 31/05/2011

Period



7.20

26.15

13.51

4.706.916.17

14.25

0.50

11.12

5.51

0.00

5.00

10.00

15.00

20.00

25.00

30.00

FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07

Percentage(%)



14/26

1 Year 6.03 5.12 6.59 6.21 6.79 6.21

3 Years 7.02 6.91 6.70 6.22 6.74 6.22

5 Years N.A. N.A. N.A. N.A. N.A. N.A.

Since 7.82 7.33 7.26 6.57 7.63 6.54

Inception


nvestment objective

Plans and Options

Reliance Interval Fund(A Debt Oriented Interval Scheme)

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in adiversified portfolio of Central and State Government securities and Other fixed income/ debt securities

Asset Allocation Pattern For Monthly & Quarterly Series- Money Market instruments(30-100%), Government Securities issued by Central &/or State Govt &

other fixed income/ debt securities# including but not limited to Corporate bonds and securitised debt - (0-70%),

For Annual Series- Money Market instruments (0-70%), Government Securities issued by Central &/or State Govt & other fixed

income/ debt securities## including but not limited to Corporate bonds and securitised debt - (30-100%).

#Debt Securities will also include Securitised Debt, which may go up to 70% of the portfolio.

## Debt securities will also include securitised debt, which may go up to 100% of the portfolio.

Interval Fund is a debt oriented interval fund which opens for subscript ions/redemptions on specified transaction days without a

load. On days other than the specified transaction day, the scheme remains closed for subscription. Moreover, the tenure ea

interval scheme is different from existing interval schemes. There are interval funds of different frequencies, viz. monthly, quarte

half yearly annual etc. The Specif ied Transaction Period would be generally for one day on every month, quarter, half year or year a

shall commence after the expiry of the respective f requency (one month, quarter, half year or a year) from the date of allotment.

Differentiation

Monthly Interval Series I-Rs.693Crore.,Monthly Interval Series II- Rs.1014Crore. Quarlerly Interval Series I- Rs.16Crore.,

Quarlerly Interval Series II- Rs.325Crore. Quarler ly Interval Series III- Rs.1083Crore Annual Interval Series I- Rs.20Crore.

Monthly Interval Series I- 763, Monthly Interval Series II- 907, Quarler ly Interval Series I- 409, Quarlerly Interval Series II- 553

Quarlerly Interval Series III- 512, Annual Interval Series I- 291

Risk Mitigation Factors Robust measures implemented to mitigate Risk include, adoption of internal policies on investments and valuations, rigorouprocedures for monitoring investment restrictions, monitoring of rating transitions, and effective implementation of various norm

prescribed by SEBI from time to time.

nvestment Strategy The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safetliquidity and profitability aspects of various investments. The fund manager will try to achieve an optimal risk return balance fomanagement of the fixed income portfolios. The investments in debt instruments carry various risks like interest rate risk, liquidity risdefault risk, purchasing power risk etc. While they cannot be done away with, they can be minimized by diversification and effective use ohedging techniques. The fund management team will take an active view of the interest rate movement by keeping a close watch ovarious parameters of the Indian economy, as well as developments in global markets.

Under Retail and Institutional Plan: Growth (Growth) & Dividend (Payout & Reinvestment)

Rs. 1,000 & in multiples of Re. 1 thereafterMinimum Additional Amount



For Monthly and Quarterly: Crisil Liquid Fund Index & For Annual Series: Crisil Composite Short Term Bond Fund IndexBenchmark


Minimum Amount For Retail Plan : Rs. 5,000 and in multiples of Re. 1 thereafter , For Institutional Plan : Rs. 1,00,00,000/- and in multiples of Re. 1thereafter

Period Scheme Returns % Scheme Returns % Scheme Returns %Benchmark Returns % Benchmark Returns % Benchmark Return

Compounded Annualised Returns Compounded Annualised Returns Compounded Annualised Returns

Performanceof theScheme ason31/03/2011

Absolute returns for each Financial Year

Performanceof theScheme ason31/05/2011

Reliance Interval Fund -

Annual Interval Fund - Series I

Inception date- 03.05.07


Monthly Interval Fund - Series I



Monthly Interval Fund - Series II


Quarterly AAUM

as on 31/03/2011

No of Folios as on

31/05/2011

Reliance Annual Interval Fund Series I vs

Crisil Short Term Bond Fund IndexReliance Monthly Interval Fund Series I vs

Crisil Liquid Fund Index

Period

7.43

0

12

3

4

5

6

7

8

9

10

FY 112010- FY 102009- FY 2008-09 FY 2007-08

6.596.21

4.233.69

9.228.81 8.84

Reliance Monthly Interval Fund Series II vs


Period

Reliance Monthly Interval Crisil Liquid Fund Index(%)

01

23456789

10

6.796.21

4.233.69

9.128

FY 2010-11 FY 2009-10 FY 2008


R li A lI t l C i ilC it Sh tT B d

Period

5.88

02

4

6

8

10

12

6.035.12

5.87

9.039.79

FY 2010-11 FY 2009-10 FY 2008-09

P

ercentage(%)

Percentage(%)

Percentage(%)


15/26

In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effectiveAugust 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of variofactors including the service rendered by the distributor

a. Durind the specified transaction period : Nil

b. Other than specified transaction period : Not Applicable.

The Units under the respective scheme(s) cannot be directly redeemed with the Fund as the units will be listed on the Stock Exchange(s). These units c

sold on a continuous basis on the Stock Exchange(s) where the units are listed during the trading hours on all trading days. The AMC reserves the rig

change/ alter the Specified Transaction Period and/or Load Structure depending upon the prevailing the market conditions and in the interest of th

holders.

ntry Load

xit Load

ecurring

xpenses

tualpenseson/03/2011

The total expenses of the scheme including the investment management and advisory fee shall not exceed the limits ( i.e. % of daily or average week

assets ) stated in Regulation 52 (6) of SEBI (Mutual Funds ) Regulation , 1996 Up to Rs. 100 crores 2.25% Next Rs. 300 crores 2.00% Next Rs 300 cro

1.75% Balance 1.50%

Scheme Retail Plan Institutional Plan

Reliance Interval Fund-Annual Interval Fund-Series I 0.68% ---

Reliance Interval Fund-Monthly Interval Fund-Series I 0.33% 0.12%

Reliance Interval Fund-Monthly Interval Fund-Series II 0.36% 0.15%

Scheme Retail Plan Institutio

Reliance Interval Fund-Quarterly Interval Fund-Series I 0.28% 0.09

Reliance Interval Fund-Quarterly Interval Fund-Series II 0.42% 0.22

Reliance Interval Fund-Quarterly Interval Fund-Series III 0.25% 0.05

Year 6.91 6.21 6.34 6.21 7.11 6.21

Years 7.31 6.22 7.19 6.22 7.24 6.22

5 Years N.A. N.A. N.A. N.A. N.A. N.A.

7.81ince 6.48 7.63 6.38 7.05 6.27nception

Period


Quarterly Interval Fund - Series I



Quarterly Interval Fund - Series II



Quarterly Interval Fund - Series III


erformance ofe Schemeon/05/2011

Scheme Returns % Scheme Returns % Scheme Returns %Benchmark Returns % Benchmark Returns % Benchmark Retu

Compounded Annualised Returns Compounded Annualised Returns Compounded Annualised Return

erformance ofe Scheme

s on/03/2011

Past performance may or may not be sustained inPast performance may or may not be sustained in future.

Calculation assume that all payouts during the period have been re-invested in the units of the scheme at the then prevailing NAV.All the returns are of Retail Plan -Growth Plan - Growth Option

Absolute returns for each Financial Year

or the previous financial year (2010-2011) Year to date Ratio to Average AUM)

xpenses of the scheme (i) Load Structure

Nil

Reliance Quarterly Interval Fund Series I vs


Reliance Quarterly Interval

Fund Series I (%)Crisil Liquid Fund Index(%)

Past performance may or may not be sustained in future.

6.91

4.79

6.21

3.69

8.81

0

2

4

6

8

10

12

FY 2010-11 FY 2009-10 FY 2008-09

10.19

pecified

ansaction

eriod

The Specified Date(s)/ Period on /during which subscription/ Redemption / Switch-out/ Switch-in may be made in the scheme without Load provided sday is a Working Day. In case such a day is a non-working day, then the immediate next working day shall be considered as the Specified Transaction Pe

The Specified Transaction Period is different for Monthly / Quarterly / Annual Interval Funds and will generally be two working days of every month / quyear respectively. The Specified Transaction Period shall be as follows:

Fund Frequency Specified Transaction Period

Monthly Interval Fund Series I Once every month 15th & 16th of every month

Monthly Interval Fund Series II Once every month 29th & 30th of every month

Quarterly Interval Fund Series I Once every quarter 3rd & 4th day of every 3rd month from the date of allotment. Hence the transaction

periods shall be 3rd & 4th July, 3rd & 4th October, 3rd & 4th January etc.

Quarterly Interval Fund Series II Once every quarter 7th & 8th day of every third month from the date of allotment. Hence thetransaction

periods shall be 7th & 8th August, 7th & 8th November, 7th & 8th February etc.

Quarterly Interval Fund Series III Once every quarter 6th & 7th day of every third month from the date of allotment. Hence the transaction

periods shall be 6th & 7th September, 6th & 7th December, 6th & 7th March etc.

Annual Interval Fund Series I Once every year 370th & 371th day after every Specified Transaction Period.

In case one or both of the specified transaction days is a non-business day(s), then the immediate next business day(s) shall be considered for theSpecified Transaction Period

However, the AMC reserves the right to change/ alter the Specified Transaction Period, depending upon the prevailing market conditions and to prothe interest of the investors.


Percentage(%)

Percentage(%)

Period

Reliance Quarterly Interval Fund Series III vs


Reliance Quarterly Interval

Fund Series III (%)Crisil Liquid Fund Inde

7.11

4.99

6.21

3.69

0

2

4

6

8

10

12

FY 2010-11 FY 2009-10 FY

9.55

Period

Percentage(%)

Reliance Quarterly Interval Fund Series II vs


Reliance Quarterly IntervalFund Series II(%)

Crisil Liquid Fund Index(%)

6.345.25

6.21

3.69

8.81

0

2

4

6

8

10

12

FY 2010 -11 FY 20 09-10 FY 2 008-09

9.93

Period


16/26

COMMON INFORMATION TO ALL SCHEMES

Trustee Company : Reliance Capital Trustee Co. Limited

Dividend Policy : Dividend will be distributed from the available distributable surplus after the

deduction of the dividend distribution tax and the applicable surcharge, if any. The Mutual

Fund is not guaranteeing or assuring any dividend. Please read the Scheme information

document. For details. Further payment of all the dividends shall be in compliance with SEBI

Circular No. SEBI/IMD/CIR No. 1/64057/06 dated 4/4/06.

Applicable NAV :

For Liquid Schemes

1. For Purchases:

The following cut-off timings shall be observed by a mutual fund in respect of

purchase of units of the scheme and their plans, and the following NAVs shall be

applied for such purchase.

a. For valid applications received upto 2.00 p.m. on a day and funds for the entire

subscription/purchase as per the application are credited to the bank account of therespective liquid scheme and are available for utilization before the cut-off time, the

closing NAV of the day immediately preceding the day of receipt of application;

b. In respect of valid applications received after 2.00 p.m. on a day and funds for the

entire subscription/purchase as per the application are credited to the bank account

of the respective liquid scheme and are available for utilization on the same day, the

closing NAV of the day immediately preceding the next business day; and

c. Irrespective of the time of receipt of application, where the funds for the entire

subscription/purchase as per the application are not credited to the bank account of

the respective liquid scheme and are not available for utilization before the cut-off

time, the closing NAV of the day immediately preceding the day on which the funds

are available for utilization.

2. For switch-in to Liquid Schemes/Plans from other Schemes of RMF:

a.Application for switch-in is received before the applicable cut-off time.

b. Funds for the entire amount of subscription/purchase as per the switch-in request

are credited to the bank account of the respective switch-in liquid schemes before

the cut-off time.

c. The funds are available for utilization before the cut-off time, by the respective

switch-in schemes.

For Income/Debt Oriented Schemes/Plans other than Liquid Schemes.

1. Purchases for an amount of Rs.1 crore and above:

a. In respect of valid application received before 3.00 p.m. and funds for the entire

amount of subscription / purchase as per the application are credited to the bank

account of the respective scheme and are available for utilization before the cut-off

time, the closing NAV of the day shall be applicable;

b. In respect of valid application received after 3.00 p.m. and funds for the entire

amount of subscription / purchase as per the application are credited to the bank

account of the respective scheme and available for utilization before the cut-off time

of the next business day, the closing NAV of the next business day shall be

applicable;

c. Irrespective of the time of receipt of application, the closing NAV of the day on

which the funds are credited to the bank account of the respective scheme and

available for utilization before the cut-off time on any subsequent business day, the

closing NAV of such subsequent business day shall be applicable.

2. For switch-in of Rs.1 crore and above from other schemes of RMF;

a. Application for switch-in is received before the applicable cut-off time;

*For further details please refer to Applicable NAV under COMMON INFORMATION TO ALL SCHEMES

Asset allocation For all Liquid Schemes: Pursuant to Circular SEBI/IMD/CIR No.13/150975 / 09 dated January 19, 2009, issued by SEBI, the asset allocation pattern of aLiquid Schemes (Reliance Liquid Fund - Treasury Plan, Reliance Liquid Fund - Cash Plan, Reliance Liquidity Fund ) of Reliance Mutual Fund shall be as mentioned below: I.effect from February 01, 2009 all Liquid Fund Schemes shall make investment in /purchase debt and money market securities with maturity of upto182 days only. II. With effectMay 01, 2009 all Liquid Fund Schemes shall make investment in /purchase debt and money market securities with maturity of upto 91 days only.

Name of the

Scheme

Cut off Time for Subscription& redemption

SIP

STP

SWP

RelianceLiquidity Fund

Subscription - 2.00 pm*Redemption - 3.00 pm

X

X

RelianceLiquid Fund - Cash Plan


X

X

RelianceMoney Manager Fund

3.00 pm

X

X

3.00 pm

X

X

X

(Available during specified transac

RelianceShort term Fund

RelianceRegular Saving Fund-Debt

RelianceInterval Fund

3.00 pm 3.00 pm

KEY SCHEME FEATURES

RelianceMonthly Income Fund

RelianceIncome Fund

RelianceDynamic Bond Fund

3.00 pm 3.00 pm 3.00 pm

RelianceMedium Term Fund

3.00 pm

RelianceGilt Securities Fund

(Retail Plan)

(Retail Plan)

Name of the Scheme

Cut off Timefor Subscription & redemption

SIP

STP

SWP

Name of the Scheme

Cut off Timefor Subscription & redemption

SIP

STP

SWP

X

(Retail Plan)

(Retail Plan)

(both Retail &

Institutional Plans)

(both Retail & Institutional Plans)

(Retail Plan)

RelianceLiquid Fund - Treasury Plan

(Retail Plan)

(Retail Plan)


(both Retail & Institutional Plans)

3.00 pm

Reliance Floating RFund - Short Term P

3.00 pm

c.The funds are available for utilization before the cut-off time, by the respe

switch-in schemes.

3. Purchases/switch-in for amount of less than Rs.1 crore:

a.where the application is received upto 3.00 pm with a local cheque or demand

payable at par at the place where it is received closing NAV of the day of recei

application;

b. where the application is received after 3.00 pm with a local cheque or dem

draft payable at par at the place where it is received closing NAV of the

business day and;

c. where the application is received with an outstation cheque or demand draft w

is not payable on par at the place where it is received closing NAV of day on w

the cheque or demand draft is credited.

Daily Net Asset Value (NAV) Publication: The NAV will be declared on all wor

days and will be published in 2 newspapers. NAV can also be viewedwww.reliancemutual.com and www.amfiindia.com

Redemptions including Switch outs: In respect of valid applications rece

upto 3.00 pm on a working day the closing NAV of the day immediately prece

the next business day and In respect of valid applications received after 3.00 p

a working day the closing NAV of the next business day.

Despatch of Repurchase (Redemption) Request : Within 10 working days of th

receipt of the redemption request at the authorised centre of Reliance Mutual Fun

Risk Profile of the Scheme: Mutual Fund Units involve investment risks includin

the possible loss of principal. Please read the Scheme information document. (SI

carefully for details on risk factors before investment.

Scheme specific Risk : Trading volumes and settlement periods may restrict

liquidity in equity and debt investments. Investment in Debt is subject to price, cr

and interest rate risk. The NAV of the Scheme may be affected, inter alia, by chan

in the market conditions, interest rate

Application Debt and Liquid Schemes

Documents

Transcript of Application Debt and Liquid Schemes