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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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 invested in this but yet I have not received any kind of document.
Hopefully my query is solved.
regards
Shraddha baheti
I HAVE INVESTED 31,000 IN THE GROWTH – RETAIL PLAN in Reliance Infrastructure Fund. HOW MUCH INTEREST I CAN EXPECT IN THE NEXT TWO YEARS
I have invested in this but yet I have not received any kind of document.
Hopefully my query is solved.
regards
HELLO.
I HAVE INVESTED in reliance infrastructure fune. but till today i did not get any information or any document.
so please give some reply.
thanx
It’s been too late if you invested in the NFO, please get in touch with your broker to get details.
Sir,
I am member of ur reliance infrastructure mutual fund-retail-growth plan. but i don’t have any input about my acct. Acct No. are 449104164114,64125,91517,91527.
Kindly do the needfull.
Thanks
i want to know the status in reliance infra mutual fund. How i can get this. if any website.I invest the reliance-infrastructure,but i didn’t receive the acknowledgement letter. please help me.
The first thing to do will be to contact your broker and get the status. They will have a good idea of what happened to your money.
plz send all the details abt reliance infr and nav of this fund.
Hi, i wanna to know the status in reliance infra mutual fund. How i can get this.
i just want to know the present rate plz reply
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
The latest NAV of relience infrastructure mutual fund is eleven rupees
on 03/10/09
The latest NAV of relience infrastructure mutual fund is eleven rupees
i have invested 10000 rs in Reliance infrastructure fund, and i just want to know the present rate plz reply
You can find the present rate like this:
To find out the NAV of the Reliance Infrastructure Mutual Fund, go to this link:
http://www.moneycontrol.com/india/mutualfunds/mfinfo/05/20/latestnav
In there you will see a drop-down; select “Reliance Mutual Fund†from that drop-down and click “GOâ€.
The page will refresh to show all Reliance Mutual Funds and their NAVs in alphabetical order. Scroll down and you will see the fund and its latest NAV.
—-
To keep a track of this you can make a portfolio at Moneycontrol or Rediff.
These two links can help you understand that process:
http://www.onemint.com/2009/09/11/track-mutual-fund-navs-with-moneycontrol/
http://www.onemint.com/2009/09/25/rediff-money-portfolio/
Dear sir,
I have already invested in Reliance infra. pls tell me what is the unit prise current.
What is the NAV of Relience Infrastructure Mutual Funds.
I HAVE INVESTED 120,000 IN THE GROWTH – RETAIL PLAN. HOW MUCH INTEREST I CAN EXPECT IN THE NEXT TWO YEARS
Invested Rs. 10,000/- in Reliance Infrastructure NFO on 22/06/2009 vide application no. 1 1062080. No intimation/certificate till now. Please reply.
dear sir
i already invested Relinace Infrastructure mutual fund.now i want to know how to check my Account through the net.plz suggest me soon without fail.
TO WHOME IT MAY CONCERN
SOMEBODY PLEASE TELL ME HOW I CAN GET THE LATEST PRICE FOR THE RELIANCE INFRASTRUCTURE MUTUAL FUNDS NFO. AND THE TRANSACTION SLIP FOR THE SAME
AND PLEASE SEND THE DETAILS ON MY E-MAIL