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.