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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please send a statement of my account AC No. 404104774447
Talk to your agent or the MF – this is like a news website – no one can send you anything from here.
please send a statement of my account in my mail address
sawinder singh my –deleted– –pan –deleted– Through broker code ARN-9992 Opening date 30-7-2019
ple. give imformation for my acounts
This is not the mutual fund website so I can’t give that information. More importantly – please do NOT write your bank account number or PAN number on websites like this, or any other website – this is visible to anyone with an internet connection, and your details may be misused.
I HAD PURCHASED RELIANCE INFRASTRUCTURE- FUND -GROWTH PLAN NFO A/C NO.- 412103921526.I had purchased it directly from your outlet without any broker. I wanted to have details of current fund value & its performance etc on a daily basis. Pls connect to me on 9304416904 or on my email i.d.
Make a portfolio on Moneycontrol or something – that’s the only way. No one is going to send you daily emails of your portfolio!!!
I had purchased reliance infrastructure NFO, Account # 405101678204
(Growth Option). I had purchased it directly from your outlet without any broker. I have not recieved any document till date. I wanted to have details of current fund value & its purformance etc on a daily basis. Pls connect to me on 9930468234.
pleasm inform me the latest NAV of Relience infructure fund.
Please inform me of the reliance infrasture mutual fund performance
Where I can get NAV updates of reliance infrastructure
please provide the contact details of Registrar of Reliance infra mutual fund .have not recd any details on the allotment of the same . my transaction no is 492948 and application number is 2079 .
Any body pl.let me know,when we will get dividends on the above said scheme and on what base.
when we will get the devidends, provide me the statement online.
Who did you buy this from? You need to check with them for the statement.
Please tell me about investment methods for guarnted return with reliance infrastructure/mutual fund.
sanjit mukherjee
Feel free to call @ 78 71 00 78 72 for any kind of information or issues regarding Investments.
what is the current of Reliance Infrastructure NFO.
i purchased reliance infracture fund through reliance money . my folio no 41196581246
i have not repeat not received any documents / status i/r of my account till date
i have also not received receipt of my deposite
You need to get in touch with the broker who sold you this. This site cant’ help you with this problem.
http://www.buzzingstocks.com/in/analysis.pl?ref=hybin joseph
check this for any equity related info
Srinivas, you can set up a free portfolio at moneycontrol.com and add your mutual fund to it. This way you can get daily information in a convenient way.
Here is a post that explains how to do that:
http://www.onemint.com/2009/09/11/track-mutual-fund-navs-with-moneycontrol/
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
dis is srinivas…..
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
You can view NAV information on http://www.amfiindia.com on which daily NAV is updated