The Reliance Infrastructure Mutual Fund will primarily invest in shares of infrastructure companies in India. It will have at least 65% of its assets invested in shares of infrastructure companies and the balance in debt instruments. It will also invest in derivative instruments for hedging and rebalancing purposes.
The fund aims to capitalize on the fact that the infrastructure sector in India is lagging investments and is a focus area for the government to allow the economy to continue on its growth path and add momentum to the economic development.
The fund will invest in infrastructure and infrastructure related companies, but there is one thing that you need to be aware of.
Banks, financial institutions and such, which lend to this sector, also come under this category and the mutual fund may invest in such companies also. This is not a good or bad thing – just something to keep in mind. Most investors don’t equate a financing company with infrastructure and so are sometimes surprised when they hear that their infrastructure mutual fund holds State Bank of India or some other such bank or finance company.
Here is a list of sectors that the fund may invest in (from their prospectus): At first glance it may occur to you that the Reliance mutual fund will invest most of its assets in Airport, then Banks, then Cement and so on (which is what I felt), but this is not true. This is just a list of indicative sectors and is not in any particular order.
- Airports
- Banks, Financial Institutions and Term Lending institutions.
- Cement
- Coal
- Construction
- Electrical and Electric Component
- Engineering
- Energy
- Industry Capital Goods
- Metals and Minerals
- Ports
- Power and Power equipment
- Road and Railways
- Telecom
- Transportation
- Urban Infrastructure
- Mining
- Aluminum
Reliance Infrastructure Fund Manager
Mr. Sunil Singhania is the fund manager; he is a B.Com, CFA and has 11 years of experience in the capital markets. He also manages the Reliance Growth Fund, Reliance Equity Fund, Reliance Long Term Equity Fund, Reliance Diversified Power Sector Fund and Reliance Banking Fund.
Entry Load of Reliance Infrastructure Mutual Fund
- Subscription below Rs. 2 Crores: 2.25%
- Between Rs. 2 and 5 Crores: 1.25%
- Above Rs. 5 Crores: Nil
Exit Load of Reliance Infrastructure Mutual Fund
- 1% if redeemed within a year of allotment
- Nil if redeemed after a year of allotment
- Nil if subscription is more than Rs. 5 crores
Minimum Application Amount for Retail Investors
The minimum investment needed is Rs.5000 and if you want to invest additional money then you must invest a minimum of Rs.1000.
Plans offered by Reliance Infrastructure Mutual Fund
There are two types of plans in this fund:
- Growth Plan and
- Dividend Plan
The growth plan is meant for people who are not looking for regular dividend payouts from the mutual fund and the income from their funds will be reinvested in the fund. The Dividend plan on the other hand will give you dividend income (when the fund declares dividends). There is a dividend reinvestment plan also where the fund will reinvest your dividends to buy more units of the mutual fund.
How to Invest in the Reliance Infrastructure Mutual Fund NFO
If you have an online brokerage account like icicidirect.com, you can invest in this fund through them. You can also invest by filling out this form and submitting it in HDFC or Axis bank branches.
Tax Rates
The dividends are tax free in the hands of resident Indian investors. Similarly, there is no tax on long term capital gains. There is a 15% tax on short term capital gains of the scheme.
Disclosure: I will not be applying for this mutual fund. This is not a buy or sell recommendation for this fund, just a summary of it and my personal thoughts on it. If you are planning to buy or sell, please take advice specific to your financial situation and portfolio.
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i have invested 10000 rs in Reliance infrastructure fund, and i just want to know the present rate plz reply
pls send me reliance infractures matual fund’s todays rate i have alredy invested reliance matual fund 10000 pls send me latest rate
you can get the daily info here:
http://www.moneycontrol.com/india/mutualfunds/mfinfo/05/20/latestnav
since i have invested 10,000 in reliance infrastructure fund when the market value is RS 22 change , now i dont know the exact price
sir, i have invasted in reliance infrastructure fund but i want to check my status of allotement .how can i see it. plz suggest me
sir, i have invasted in reliance infrastructure fund but i want to check my status of allotement .how can i see it. plz suggest me.
pls send me reliance infractures matual fund’s todays rate i have alredy invested reliance matual fund 5000×2 pls send me latest rate
I have already invested in Reliance Infrastructure Fund. I want to know how I can get the daily information regarding the Unit Price of the same. If in any Website then please name it and that too from which date
i had subscribed but havent recd ny information nor the cheque is cleared can anyone tell me how to contact them
anyone has email of them as i cant personally meet them due to my schedule.
pls let me know
thanks
mutual fund NAV
well i had subscribed for this mf but i havent recd any intimation from the company its more than a mnth now
what to do
Did you try calling them and see what they have to say?
Dear Sir,
I have invested in RIF. I want to Know NAV of Reliance Infrastucture Fund.(growth plan) . So please tell me.
I have already invested in Reliance Infrastructure Fund. But still i didn’t get any documents against this investment. I want to know how I can get the daily information regarding the Unit Price of the same. If in any Website then please name it and that too from which date
why not you can call to customer care at Reliance mutual fund website
ya… i calld them today….
Toll free No. is 180030011111
u can check status of ur application, fund value etc,. by just providing ur pan card no. & necessory details to the cust care execu.
on enquiry with reliance mutual funds, they replied that within 10 working days from 22nd July one will receive documents @ add..
to get daily info about NAV link is already provided above by Manshu & again pasted below:-
http://www.moneycontrol.com/india/mutualfunds/mfinfo/05/20/latestnav
U CAN CHECK FROM MONEYCONTROL.COM. TODAY NAV IS 10.334
i’ve not received any documents or allotted any shares of RI NFO…. As usual hdfcsec cust care nos are ever busy to care for customers….!
from where could i get status of my investment? my de mat acco is showing the same things that of the day of investment….!
@manshu:- Thanks for the link….
Pls provide the my ststus of Reliance NFO.
minimum investment in mutual funds and min. duration . what security of return money ?
hi……………………
i want top inves in infrastucture fund.
thanks
i m very interested in the RIMF. I would like to c it uplifted very soon. i hav purchased it. from very open end.
amit srivastava, Lucknow
amitksri9@rediffmail.com
Yes it is fine
I have no idea about when he launch of market so please tell me
sir i have applied for this mf but i want to know that when it will be alloted to us ?????