Reliance Regular Savings Fund – Debt Option (An open ended scheme) PRODUCT LABEL This product is suitable for investors who are seeking*: • Income over medium term Investment predominantly in debt instruments having maturity of more than 1 year and money market instruments *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Reliance Regular Savings Fund – Debt option primarily seeks to generate accrual returns through yield enhancing credit exposures along with capital appreciation due to the moderate duration in the portfolio. The fund invests based on short to medium term interest rate view and shape of the yield curve. It typically maintains a moderate duration upto 2 years and invests in well researched credits/ structures for yield enhancement. It is ideal for investors who have a low appetite for interest rate volatility and seeking accrual returns with moderate duration The fund is intended for investors having a holding period return over 1 – 2 years. Investment Objective: The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in Debt & Money Market Instruments. Benchmark: Crisil Composite Bond Inception Date : 09/06/2005 Fund Index Monthend AUM as on 29.02.2016: Fund Manager : Prashant Pimple Rs. 5341.77 Crs Exit Load** - 1%, if redeemed/switched out on or before completion of 1 year -Nil, if redeemed/switched out after completion of 1 year Why Invest in RRSF - Debt: ** If charged, the same shall be credited to the scheme immediately net of service tax, if any Suitable fund for all kinds of interest rate scenario as the fund emphasis is on maintaining relatively high carry on an ongoing basis. The fund also endeavors to provide protection in a rising yield scenario on a steep yield curve mainly because of roll down in maturity and higher gross yields due to the exposure to high accrual assets. Dedicated credit team assessing the credit worthiness of the issuers enabling the fund manager to make investments in private sector credits. Tax efficient due to the indexation benefits available to debt funds This fund is well positioned for investors with a holding period of 1-2 years Current Investment Strategy Rating Profile as on 29th Feb, 2016 The fund strategy is to benefit from accrual based returns by running a moderate duration portfolio which maintains a prudent balance in exposure towards short to medium tenor corporate bonds and PTCs. It endeavors to generate alpha by investing in acceptable Scheme factor:sector Trading volumes and settlement periodsand may restrict liquidity in equity and debt investments. Investment in Debt creditspecific qualityRisk private exposures in the plain vanilla is subject to price, credit, and interest rate risk. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, structured space. interest rates, trading volumes, settlement periods and transfer procedures. The NAV may also be subjected to risk associated with The endeavor is to limit duration risk by limiting individual investment in derivatives, foreign securities or script lending as may be permissible by the Scheme Information Document. asset duration to 4 years and overall duration range of 1 to 2 Years and thereby trying to reduce volatility and emphasize Disclaimers: To maintain a healthy Risk Return Ratio, within these asset classes the more on accruals over a period of time. To ensure reasonable liquidity in the portfolio at all points of fund manager strives to maintain a balanced exposure in the portfolio The information herein below is meant only for general reading purposes and the views being expressed only constitute opinions and time, the strategy is to ladder the portfolio in terms of maturity through different rating profile. therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, Portfolio Features as on 29th Feb, 2016 while striving to maintain modified duration in the range of 1 the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. 1 to 2ofyears None the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, shall be liable Weighted Averageaffiliates YTM or representatives 10.96% in Going willindirect, endeavor to incidental, maintain higher runningpunitive or exemplary damages, including on account of lost profits any wayforward for any we direct, special, consequential, Modified Duration 1.66 Yrs yields also run moderate in line with our arising fromand the information contained in duration this material. Weighted Average Maturity 2.13 Yrs expectations to benefit out of steep yield curve. 1 The weighted average YTM displayed above is for the invested amount of the portfolio ( i.e. excluding other receivables) For the entire portfolio weighted average YTM , i.e. including other receivables is 10.50% Investors who are comfortable with investments in well researched credits and whose time horizon is more than a year, may invest in Reliance Regular Savings Fund – Debt Option , which will run a modified duration upto 2 years , through high accrual assets. Reliance Regular Savings Fund – Debt Option (An open ended scheme) Portfolio of RELIANCE RSF DEBT PLAN As on 29/02/2016 Holding Rating Instrument ICRA A1+ CD Weightage(%) Certificate of Deposit AXIS BANK LIMITED Sub Total of Certificate of Deposit 1.03 1.03 Corporate Bond JSW STEEL LIMITED CARE AA NCD 8.33 VEDANTA LTD CRISIL AA- NCD 7.94 COFFEE DAY ENTERPRISES LIMITED BWR A+(SO) NCD 5.53 CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LTD CARE AA+(SO) NCD 5.38 HANSDEEP INDUSTRIES & TRADING CO. LTD. CARE AA(SO) NCD 4.68 ADITYA BIRLA FINANCE LTD CARE AA+ / FITCH AA+ NCD 4.61 EDISONS UTILITY WORKS PRIVATE LIMITED UNRATED NCD 4.39 ADANI PROPERTIES PVT. LTD. BWR AA-(SO) NCD 2.92 DEWAN HOUSING FINANCE CORPORATION LTD CARE AAA NCD 2.48 PVR LIMITED CRISIL A+ NCD 2.24 JANALAKSHMI FINANCIAL SERVICES LTD. ICRA A NCD 2.20 HINDUJA LEYLAND FINANCE LTD CARE A+ NCD 2.17 JINDAL ITF LTD CARE AA- (SO) NCD 2.05 TATA VALUE HOMES LTD CARE AA NCD 1.97 CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED ICRA AA NCD 1.92 MAGMA FINCORP LIMITED CARE AA- NCD 1.90 DALMIA CEMENT (BHARAT) LTD ICRA AA- NCD 1.82 DALMIA BHARAT CEMENTS HOLDINGS LTD BWR A+(SO) NCD 1.80 MAHINDRA LIFESPACE DEVELOPERS LIMITED CRISIL AA- NCD 1.69 JM FINANCIAL CREDIT SOLUTION LIMITED FITCH AA NCD 1.60 ADITYA BIRLA RETAIL LTD CRISIL A- NCD 1.42 ADITYA BIRLA FASHION AND RETAIL LIMITED ICRA AA NCD 1.42 INDIABULLS HOUSING FINANCE LTD CARE AAA NCD 1.29 ASPIRE HOME FINANCE CORPORATION LTD ICRA A+ NCD 1.28 INOX AIR PRODUCTS PVT LTD CRISIL AA NCD 1.15 STERLITE TECHNOLOGIES LIMITED CRISIL A+ NCD 1.14 TATA POWER COMPANY LIMITED CRISIL AA- NCD 1.08 UJJIVAN FINANCIAL SERVICES PVT LTD ICRA A- NCD 1.06 AU FINANCIERS (INDIA) LIMITED FITCH A+ NCD 1.06 BHARAT ALUMINIUM CO LTD. CRISIL A NCD 0.97 KALPATARU POWER TRANSMISSION LIMITED CRISIL AA NCD 0.96 MUSIC BROADCAST LIMITED CRISIL AA NCD 0.94 AU HOUSING FINANCE LIMITED LTD FITCH A+ NCD 0.83 G R INFRA PROJECTS LTD CARE A+ NCD 0.83 IL&FS TRANSPORTATION NETWORKS LIMITED ICRA A NCD 0.76 SHRIRAM CITY UNION FINANCE LIMITED CARE AA+ NCD 0.75 RELIANCE CAPITAL LIMITED CARE AAA NCD 0.47 INDIA INFOLINE HOUSING FINANCE LTD CRISIL AA- NCD 0.39 EQUITAS FINANCE PVT LTD FITCH A- NCD 0.38 EQUITAS MICRO FINANCE LIMITED CRISIL A- NCD 0.33 PIRAMAL ENTERPRISES LTD ICRA AA NCD 0.19 ASHOK LEYLAND LIMITED ICRA AA- NCD 0.18 KOTAK MAHINDRA INVESTMENTS LTD CRISIL AAA NCD 0.15 THE INDIAN HOTELS COMPANY LIMITED ICRA AA NCD 0.09 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED CRISIL AAA NCD 0.09 SHRIRAM TRANSPORT FINANCE COMPANY LIMITED CRISIL AA+ NCD 0.03 SUNDARAM FINANCE LIMITED ICRA AA+ NCD 0.00 MAHINDRA VEHICLE MFG LTD ICRA AAA NCD Sub Total of Corporate Bond 0.00 86.86 Reliance Regular Savings Fund – Debt Option (An open ended scheme) Zero Coupon Bond CONTINENTAL DRUG COMPANY PVT LTD UNRATED ZCB 2.40 KKR INDIA FINANCIAL SERVICES PRIVATE LIMITED CRISIL AA ZCB 1.58 EMAMI ESTATES PRIVATE LIMITED FITCH AA-(SO) ZCB 1.30 COFFEE DAY BARE FOOT RESORTS PVT LTD UNRATED ZCB 1.04 CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED ICRA AA ZCB 0.39 MAHINDRA LIFESPACE DEVELOPERS LIMITED CRISIL AA- ZCB 0.32 MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED FITCH AAA ZCB 0.11 ICICI HOME FINANCE COMPANY LTD ICRA AAA ZCB 0.08 Sub Total of Zero Coupon Bond 7.21 CASH AND OTHER RECEIVABLES GRAND TOTAL 4.90 100.00 Scheme specific Risk factor: Trading volumes and settlement periods may restrict liquidity in debt investments. Investment in Debt is subject to price, credit, and interest rate risk. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The NAV may also be subjected to risk associated with investment in derivatives, foreign securities or script lending as may be permissible by the Scheme Information Document. Disclaimers The information herein below is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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