Equity

fun Diversified Large Cap

e ge Reliance
Reliance
Vision Fund....................................................................................................................................3
Equity Advantage Fund................................................................................................................4
Your Fund Guide
Reliance Quant Plus Fund...........................................................................................................................5
Reliance NRI Equity Fund...........................................................................................................................6
Reliance Equity Fund....................................................................................................................................7
Diversified Mid Cap
Reliance Growth Fund.................................................................................................................................8
Reliance Long Term Equity Fund................................................................................................................9
Diversified Multi Cap
Reliance Regular Savings Fund – Equity Option.......................................................................................10
Reliance Equity Opportunities Fund.........................................................................................................11
Balanced
Reliance Regular Savings Fund – Balanced Option.................................................................................12
Diversified Theme Based
Reliance Infrastructure Fund.....................................................................................................................13
Reliance Natural Resources Fund.............................................................................................................14
Sector
Reliance Banking Fund..............................................................................................................................15
Reliance Diversified Power Sector Fund...........................................................................................15-16
Reliance Media & Entertainment Fund............................................................................................16-17
Reliance Pharma Fund.......................................................................................................................17-18
Tax Saver
Reliance Tax Saver (ELSS) Fund.........................................................................................................18-19
Reliance Equity Linked Saving Funds - Series 1.....................................................................................19

Fixed Income
Liquid
Reliance Liquidity Fund.............................................................................................................................20
Reliance Liquid Fund – Treasury Plan.......................................................................................................21
Reliance Liquid Fund – Cash Plan.............................................................................................................22
Ultra Short Term
Reliance Floating Rate Fund – Short Term Plan...............................................................................22-23
Reliance Money Manager Fund.........................................................................................................23-25
Reliance Medium Term Fund.............................................................................................................25-26
Short Term
Reliance Short Term Fund..................................................................................................................26-27
Long Term
Reliance Regular Savings Fund – Debt Option................................................................................27-28
Reliance Income Fund........................................................................................................................28-29
Dynamic
Reliance Dynamic Bond Fund..................................................................................................................29
Gilt
Reliance Gilt Securities Fund....................................................................................................................30

MIP
Reliance Monthly Income Plan................................................................................................................31

Exchange Traded Funds

ETF
Reliance Banking Exchange Traded Fund................................................................................................32
Reliance Gold Exchange Traded Fund......................................................................................................32

2 Fundamentals August 2010

 Equity : Diversified Large Cap Fund Data Mahindra Forgings Ltd. 1.04
Equity Less Than 1% Of Corpus 2.43
IDR,Warrants,Derivatives,
Reliance
Type . . . . . . . An Open Ended Equity Growth Scheme
Date of allotment . . . . . . . . . . . . . October 8, 1995 Cash and Other Receivables 5.02
Inception Date . . . . . . . . . . . . . . . October 8, 1995 Grand Total 100.00

Vision Fund Corpus: . . . . . . . . . 3653.99 crores (July 31, 2010)

Minimum Investment . . . Retail Plan - Rs 5,000 and
Volatility Measures
in multiples of Re 1 thereafter Beta 0.8511
investment objective . . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr and Standard Deviation 4.2642
in multiples of Re 1 thereafter R Squared 0.9252
The primary investment objective of the scheme is to Fund Manager . . . . . . . . . . . . . . . . . . Ashwani Kumar Sharpe Ratio 0.0322
achieve long-term growth of capital by investment in Entry Load* . . . . . . . . . . . . . . . . . . . Retail Plan: Nil Portfolio Turnover Ratio 1.42
Note: The above measures have been calculated by taking rolling return for
equity and equity related securities through a research . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: Nil
a 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken
based investment approach. Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . .
as 91days T-bill yield as on July 30, 2010)
Retail Plan & Institutional Plan
• 1% if redeemed or switched out on or before
Portfolio composition As On July 31, 2010 NAV as on July 30, 2010 Rs
completion of 1 year from the date of allotment of
figures in %
units. Reliance Vision Fund-Growth Plan 266.6405
• Nil if redeemed or switched out after completion of Reliance Vision Fund-Bonus Plan 44.7800
IDR,Warrants,
Derivatives,Cash and 1 year from the date of allotment of units Reliance Vision Fund-Dividend Plan 43.4948
Other Receivables
5.02%
Reliance Vision Fund-Institutional Growth 266.1796
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Vision Fund-Institutional Dividend 244.4978
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective dividend History
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered Date Rate Cum *Ex-
Distributors based on the investors' assessment of (Re/ Dividend Dividend
various factors including the service rendered by the Unit) NAV NAV
Equities
94.98% distributor. February 24, 2003 3.00 27.65 24.51
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index June 25, 2003 2.50 30.51 28.01
September 23, 2003 2.50 37.52 35.02
December 3, 2003 4.50 46.04 42.02
Portfolio of Reliance Vision Fund
February 5, 2004 10.00 43.96 33.96
June 4, 2004 3.00 29.36 26.19
as on July 31, 2010
December 17, 2004 2.50 37.40 35.61
Holdings Weightage (%)
March 28, 2005 5.00 38.02 32.36
Equities 94.98
December 19, 2005 3.00 48.02 44.85
State Bank Of India 9.59 March 28, 2006 7.50 54.43 47.39
Divi's Laboratories Ltd. 5.65 October 9, 2006 2.00 50.40 48.40
Oil & Natural Gas Corporation Ltd. 4.74 January 19, 2007 8.00 55.80 47.79
Reliance Industries Ltd. 3.87 October 26, 2007 3.00 67.06 65.93
Siemens Ltd. 3.64
March 14, 2008 7.00 51.89 41.52
Aventis Pharma Ltd. 3.59
March 20, 2009 2.00 26.38 25.27
Tata Steel Ltd. 3.45
November 27, 2009 5.00 45.59 41.40
Larsen & Toubro Ltd. 3.31
Maruti Suzuki India Ltd. 3.28 March 30, 2010 2.50 43.57 41.12
Tata Consultancy Services Ltd. 3.22 "Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Glaxosmithkline Pharmaceuticals Ltd. 3.20 Mutual Fund is not assuring that it will make periodical dividend
Sector Allocation As On July 31, 2010 Cadila Healthcare Ltd. 3.13 distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and
Infosys Technologies Ltd. 3.06 distribution taxes, if any. Performance of Dividend Plan/Option would be
Bharat Forge Ltd. 2.88 net of applicable statutory levy, if any
RETAILING 1.20%
Cairn India Ltd. 2.74 * NAV on the 1st transaction day after Record Date, which includes the
Reliance Infrastructure Ltd. 2.73 mark to market impact also. "
CEMENT 1.27% NTPC Ltd. 2.72
Financial Technologies India Ltd 2.34 performance of RELIANCE VISION FUND
AUTO ANCILLARIES 1.74% ICICI Bank Ltd. 2.23 vs BSE 100 index as on July 30, 2010
Bharat Petroleum Corporation Ltd. 2.11
Canara Bank 2.11 Period Returns of Returns of
TELECOM - SERVICES 2.45%
United Spirits Ltd. 1.93 Scheme (%) Benchmark (%)
ABB Ltd 1.89 6 months 11.54 9.75
FINANCE 2.60%
Ashok Leyland Ltd. 1.75 1 Year 27.36 18.64
Automotive Axles Ltd. 1.74 3 Years 7.28 6.79
CONSTRUCTION PROJECT 3.31% 5 Years 21.72 18.58
ITC Ltd 1.69
HDFC Ltd 1.51 Since Inception 24.80 12.63
FERROUS METALS 3.45% Hindustan Petroleum Corporation Ltd. 1.42 "Returns are of Retail Plan - Growth Plan. Returns less than one year are
absolute returns and returns of one year and more are compounded annual-
Jaiprakash Associates Ltd. 1.27 ized returns. Calculations assume all payouts during the period have been
CONSUMER NON DURABLES 3.62% Bharti Airtel Ltd. 1.26 reinvested in the units of the scheme at the prevailing NAV. Past performance
Pantaloon Retail (India) Ltd. 1.20 may or may not be sustained in the future.”

INDUSTRIAL PRODUCTS 3.91% Reliance Communications Ltd 1.19 Special Feature

Indiabulls Financial Services Ltd 1.09 Reliance Any Time Money Card
AUTO 5.03%
SIP Return
INDUSTRIAL CAPITAL GOODS 5.53% as on July 30, 2010
Period 1 Year 3 Year 5 Year Since Inception
6.12%
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 October 8, 1995
POWER
Current NAV (As on July 30, 2010) 266.64 266.64 266.64 266.64
Total No. of units accumulated 49.47 181.96 345.39 7266.27
PETROLEUM PRODUCTS 7.40% Total Amount Invested in Rs. 12000 36000 60000 178000
Market Value if invested in Scheme in Rs. 13190.74 48517.13 92093.91 1937481.60
OIL 7.48% Market Value if invested in Benchmark in Rs. 12792.88 45981.45 86183.49 698827.50
Return on SIP in Scheme 20.00% 20.76% 17.35% 28.52%
Return on SIP in Benchmark (BSE 100) 13.19% 16.87% 14.62% 16.82%
SOFTWARE 8.62%
Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out
BANKS 14.71% on Microsoft Excel spreadsheet function known as XIRR.
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
PHARMACEUTICALS 16.56% d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the
concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does
Industry Classification as per AMFI. not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other
investments. SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

Fundamentals August 2010 3

Equity : Diversified Large Cap Fund Data Volatility Measures

Reliance
Type . . . . An Open Ended Diversified Equity Scheme Beta 0.9043
Date of allotment . . . . . . . . . . . . . . August 8, 2007 Standard Deviation 4.4186
Inception Date . . . . . . . . . . . . . . . . August 9, 2007 R Squared 0.9817
Equity Advantage Corpus . . . . . . . . Rs 1367.60 crore (July 31, 2010)
Minimum Investment . . . Retail Plan - Rs 5,000 and
Sharpe Ratio
Portfolio Turnover Ratio
0.0422
0.74

Fund in multiples of Re 1 thereafter

. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr and
Note: The above measures have been calculated by taking rolling return
since inception with 5.70% Risk Free returns (taken as 91days T-bill yield
in multiples of Re 1 thereafter as on July 30, 2010)

investment objective Fund Manager . . . Ashwani Kumar & Sailesh Raj Bhan
Load Structure: NAV as on July 30, 2010 Rs
The primary investment objective of the scheme is to Entry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan Nil
seek to generate capital appreciation & provide long- . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: Nil Reliance Equity Advantage Fund-
term growth opportunities by investing in a portfolio Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Growth Plan 12.3575
predominately of equity & equity related instruments Retail Plan & Institutional Plan: Reliance Equity Advantage Fund-
with investments generally in S & P CNX Nifty stocks • 1% if redeemed or switched out on or before Bonus Plan 12.3575
and the secondary objective is to generate consistent completion of 1 year from the date of allotment of Reliance Equity Advantage Fund-
returns by investing in debt and money & money units. Dividend Plan 12.3575
• Nil if redeemed or switched out after completion of
market securities. Reliance Equity Advantage Fund-
1 year from the date of allotment of units.
Institutional Growth Plan 12.5649
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Reliance Equity Advantage Fund-
168230/09 dated June 30, 2009, no entry load will
Portfolio composition As On July 31, 2010 Institutional Bonus Plan 12.5649
be charged by the Scheme to the investor effective
figures in % August 1, 2009. Upfront commission shall be paid Reliance Equity Advantage Fund-
Cash and Other directly by the investor to the AMFI registered Institutional Dividend Plan 12.5649
Receivables
1.18% Distributors based on the investors' assessment of
various factors including the service rendered by the performance of RELIANCE equity advantage
distributor. FUND vs s&p cnx nifty as on July 30, 2010
Benchmark . . . . . . . . . . . . . . . . . . . . S&P CNX Nifty
Period Returns of Returns of
Portfolio of Reliance EQUITY  Scheme (%) Benchmark (%)
ADVANTAGE Fund 6 months 12.72 9.95
1 year 18.56 17.42
Equity &
Equity Equivalents as on July 31, 2010 3 Years N.A. N.A.
98.82%
Holdings Weightage (%) 5 Years N.A. N.A.
Equities 98.82 Since Inception 8.24 6.88
Reliance Industries Ltd. 7.38 Returns of Retail Plan- Growth Plan. Returns less than one year are absolute
State Bank Of India 6.41 returns and returns of one year and more are compounded annualized
Larsen & Toubro Ltd. 6.23 returns. Calculations assume that all payouts during the period have been
HDFC Bank Ltd. 5.51 reinvested in the units of the scheme at the then prevailing NAV. Past
Housing Development Finance Cor Ltd 5.45
performance may or may not be sustained in the future.
Tata Consultancy Services Ltd. 5.44
ICICI Bank Ltd. 4.96
ITC Ltd 4.52 Special Feature
HCL Technologies Ltd. 4.37 Reliance Any Time Money Card
Oil & Natural Gas Corporation Ltd. 4.08
Tata Steel Ltd. 3.93
Reliance Infrastructure Limited 3.24
Siemens Ltd. 3.07
Maruti Suzuki India Ltd. 3.07
Infosys Technologies Ltd. 2.55
Bharat Petroleum Corporation Ltd. 2.14
Sector Allocation As On July 31, 2010 Reliance Communications Ltd 2.07
Hindustan Petroleum Corporation Ltd. 1.90
MINERALS/MINING 0.45% Indian Oil Corporation Ltd. 1.85
Bharti Airtel Ltd. 1.79
DIVERSIFIED 0.74% Sasken Communication Technologies 1.56
INDUSTRIAL PRODUCTS 0.95% Sterlite Industries Ltd. 1.44
Tata Power Co. Ltd. 1.23
CHEMICALS 1.16% ACC Ltd 1.22
MISCELLANEOUS 1.16% Kirloskar Oil Engines Ltd 1.16
Pidilite Industries Ltd. 1.16
CEMENT 1.22%
DLF Ltd. 1.10
CONSTRUCTION 1.29% Ashok Leyland Ltd. 1.04
Equity Less Than 1% Of Corpus 7.53
NON - FERROUS METALS 1.44%
Equity Equivalents 1.42
PHARMACEUTICALS 2.69% Cash and Other Receivables 1.18
Grand Total 100.00
INDUSTRIAL CAPITAL GOODS 3.07%
TELECOM - SERVICES 3.87%
FERROUS METALS 3.93%
OIL 4.08%
AUTO 4.11%
CONSUMER NON DURABLES 4.52%
POWER 5.40%

FINANCE 5.45%

CONSTRUCTION PROJECT 6.23%

PETROLEUM PRODUCTS 13.28%

SOFTWARE 15.11%

BANKS 17.27%
Industry Classification as per AMFI.

4 Fundamentals August 2010

Equity : Diversified Large Cap Fund Data NAV as on July 30, 2010 Rs

Type . . . . . . . . . . . . . An Open Ended Equity Scheme
Reliance Date of allotment . . . . . . . . . . . . . . . April 18, 2008
Inception Date . . . . . . . . . . . . . . . . . April 18, 2008
Reliance Quant Plus Fund-Growth Plan 12.4075
Reliance Quant Plus Fund-Bonus Plan 12.4075
Reliance Quant Plus Fund-Dividend Plan 12.4075

Quant Plus Fund Corpus . . . . . . . . . . . Rs 59.24 crore (July 31, 2010)

investment objective
The investment objective of the Scheme is to
generate capital appreciation through investment in
equity and equity related instruments. The Scheme
will seek to generate capital appreciation by investing
in an active portfolio of stocks selected from S & P
CNX Nifty on the basis of a mathematical model.
Portfolio composition As On July 31, 2010
Cash and
figures in %
Other Receivables
4.93%
Minimum Investment . . . Retail Plan - Rs 5,000 and performance of RELIANCE QUANT PLUS FUND-
in multiples of Re 1 thereafter, RETAIL PLAN - GROWTH vs s&p cnx nifty from
. . . . . . . . . . . . Institutional plan - Rs 5 crore and in April 18, 2008 to July 30, 2010
multiples of Re 1 thereafter
Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga Period Returns of Returns of
Entry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan Nil Scheme (%) Benchmark (%)
. . . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan Nil 6 Months 11.62 9.95
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . 1 Year 18.66 17.42
3 Years N.A. N.A.
Retail Plan & Institutional Plan:
5 Years N.A. N.A.
• 1% of the applicable NAV if redeemed or switched
Since Inception 9.91 3.53
out on or before completion of 15 days from the date
Inception date- April 18, 2008
of allotment of units.
"Returns are of Retail Plan - Growth Plan. Returns less than one year are
• There shall be no exit load after completion of 15 absolute returns and returns of one year and more are compounded
days from the date of allotment of units. annualized returns. Calculations assume all payouts during the period have
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ been reinvested in the units of the scheme at the prevailing NAV. Past
performance may or may not be sustained in the future."
168230/09 dated June 30, 2009, no entry load will
Reliance Index Fund Sensex Plan and Nifty Plan was launched on February
be charged by the Scheme to the investor effective 8, 2005. Subsequently the trustees of RMF (w.e.f April 18, 2008) changed
August 1, 2009. Upfront commission shall be paid the features of the scheme and renamed the same as Reliance Quant Plus
Fund. For more details on the features of Reliance Quant Plus Fund please
directly by the investor to the AMFI registered refer addendum to the offer document dated March 17, 20008.
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Benchmark ........ S&P CNX Nifty

Portfolio of Reliance Quant Plus Fund

Equities
95.07%
as on July 31, 2010
Holdings Weightage (%)
Equities 95.07
Infosys Technologies Ltd. 9.41
State Bank Of India 8.45
Reliance Industries Ltd. 7.67
Larsen & Toubro Ltd. 7.57
HDFC Bank Ltd. 7.18
Tata Consultancy Services Ltd. 7.09
ITC Ltd 7.04
Oil & Natural Gas Corporation Ltd. 6.28
ICICI Bank Ltd. 6.11
Housing Development Finance Cor Ltd 5.03
Other Equities 23.24
Cash and Other Receivables 4.93
Sector Allocation As On July 31, 2010 Grand Total 100.00

Volatility Measures
NON - FERROUS METALS 2.21%

Beta 0.8763
POWER 2.25% Standard Deviation 4.1952
R Squared 0.9767
PHARMACEUTICALS 2.39% Sharpe Ratio 0.0421
Portfolio Turnover Ratio 1.54
Note: The above measures have been calculated by taking rolling return
INDUSTRIAL CAPITAL GOODS 2.95% since inception with 5.70% Risk Free returns (taken as 91days T-bill yield
as on July 30, 2010)

TELECOM - SERVICES 3.63%

FERROUS METALS 4.53%

FINANCE 5.03%

AUTO 5.29%

OIL 6.28%

CONSUMER NON DURABLES 7.04%

CONSTRUCTION PROJECT 7.57%

PETROLEUM PRODUCTS 7.67%

SOFTWARE 16.50%

BANKS 21.74%
Industry Classification as per AMFI.

Fundamentals August 2010 5

 Fund Data Volatility Measures
Equity : Diversified Large Cap
Type . . . . An Open Ended Diversified Equity Scheme Beta 0.9555
Reliance Date of allotment: . . . . . . . . . November 15, 2004
Inception Date . . . . . . . . . . . . November 16, 2004
Standard Deviation
R Squared
4.8140
0.9148

NRI Equity Fund

Corpus: . . . . . . . . . . . 136.35 crore (July 31, 2010)
Minimum Investment . . . Rs 5,000 & in multiples of
. . . . . . . . . . . . . . . . . . . . . . . . . . . . Re.1 thereafter.
Fund Manager . . . . . . . . . . . . . . Omprakash Kuckian
investment objective Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . .
The primary investment objective of the scheme is to • 1% if redeemed or switched out on or before
generate optimal returns by investing in equity and completion of 1 year from the date of allotment of
equity-related instruments primarily drawn from the units.
Companies in the BSE 200 Index. • Nil if redeemed or switched out after completion of
1 year from the date of allotment of units.
Portfolio composition As On July 31, 2010
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
figures in % 168230/09 dated June 30, 2009, no entry load will
Cash and Other
Receivables be charged by the Scheme to the investor effective
5.21%
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 200 Index
Portfolio of Reliance NRI EQUITY Fund
Equities
94.79%
as on July 31, 2010
Holdings Weightage (%)
Equities 94.79
Corporation Bank 6.29
Oracle Financial Serv Software Ltd 6.18
Tata Motors Ltd. 5.59
State Bank Of India 5.51
Oil India Ltd. 5.17
Cummins India Ltd. 4.67
Oil & Natural Gas Corporation Ltd. 4.55
Reliance Industries Ltd. 4.44
Zee Entertainment Enterprises Ltd 4.35
Divi's Laboratories Ltd. 4.32
HCL Technologies Ltd. 4.31
Infosys Technologies Ltd. 4.09
Reliance Infrastructure Ltd. 4.07
ICICI Bank Ltd. 3.98
Sterlite Industries Ltd. 3.85
Aurobindo Pharma Ltd. 3.56
Pantaloon Retail (India) Ltd. 3.37
Grasim Industries Ltd. 3.36
Sector Allocation As On July 31, 2010 Larsen & Toubro Ltd. 3.29
Hindustan Petroleum Corporation Ltd. 3.18
Bajaj Finserv Ltd. 3.16
FINANCIAL SERVICES 3.16% Voltas Ltd. 3.12
Equity Less Than 1% Of Corpus 0.40
CEMENT 3.36% Cash and Other Receivables 5.21
Grand Total 100.00
Sharpe Ratio 0.0432
Portfolio Turnover Ratio 0.40
Note: The above measures have been calculated by taking rolling return for
a 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
91days T-bill yield as on July 30, 2010)
NAV as on July 30, 2010 Rs
Reliance NRI Equity Fund-Growth Plan 38.1875
Reliance NRI Equity Fund-Bonus Plan 38.1875
Reliance NRI Equity Fund-Dividend Plan 22.7206
dividend HIstory
Date Rate Cum *Ex-
(Re/ Dividend Dividend
Unit) NAV NAV
August 7, 2006 1.00 19.6692 18.6693
January 29, 2007 2.50 23.9940 21.3911
August 17, 2007 2.00 22.4467 20.7827
March 14, 2008 1.50 21.3340 18.5803
September 18, 2009 4.00 23.5344 19.7095
Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend
distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and
distribution taxes, if any. Performance of Dividend Plan/Option would be
net of applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the
mark to market impact also.
PERFORMANCE OF RELIANCE NRI EQUITY FUND
VS BSE 200 INDEX as on July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 Months 14.93 10.48
1 Year 29.63 21.24
3 Years 10.66 7.08
5 Years 22.97 18.43
Since Inception 26.41 20.59
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."

RETAILING 3.76%

NON - FERROUS
3.85%
METALS

POWER 4.07%

MEDIA &
4.35%
ENTERTAINMENT

INDUSTRIAL PRODUCTS 4.67%

SIP Return
AUTO 5.59% as on July 30, 2010
Period 1 Year 3 Year 5 Years Since inception
CONSTRUCTION SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 November 16, 2004
6.41% Current NAV (As on July 30, 2010) 38.19 38.19 38.19 38.19
PROJECT
Total No. of units accumulated 351.07 1364.26 2605.79 3408.83
PETROLEUM PRODUCTS 7.62% Total Amount Invested in Rs. 12000 36000 60000 69000
Market Value if invested in Scheme in Rs. 13406.63 52097.57 99508.68 130174.71
Market Value if invested in Benchmark in Rs. 12916.25 46882.07 87159.14 110796.81
PHARMACEUTICALS 7.88%
Return on SIP in Scheme 23.75% 26.03% 20.56% 22.24%
Return on SIP in Benchmark (BSE 200) 15.29% 18.27% 15.08% 16.53%
OIL 9.72% Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out
on Microsoft Excel spreadsheet function known as XIRR.
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
SOFTWARE 14.59% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the
concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does
BANKS 15.78% not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other
investments. SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.
Industry Classification as per AMFI.

6 Fundamentals August 2010

Equity : Diversified Large Cap Fund Data Volatility Measures

Reliance
Type . . . . An Open Ended Diversified Equity Scheme
Date of allotment . . . . . . . . . . . . . March 28, 2006
Inception Date . . . . . . . . . . . . . . . March 30, 2006
Equity Fund Corpus . . . . . . . . . Rs. 1901.21 crore (July 31, 2010)
Minimum Investment . . . Retail Plan - Rs 5,000 and
in multiples of Re 1 thereafter
Beta 0.7662
Standard Deviation 3.8389
R Squared 0.9252
Sharpe Ratio
Portfolio Turnover Ratio
0.0198
1.66
Note: The above measures have been calculated by taking rolling return for

investment objective . . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr and a 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
in multiples of Re 1 thereafter 91days T-bill yield as on July 30, 2010)
The primary investment objective of the scheme is to Fund Manager . . . . . . . . . . . . . . . Omprakash Kuckian
seek to generate capital appreciation and provide Entry Load* . . . . . . . . . . . . . . . . . . . Retail Plan: Nil NAV as on July 30, 2010 Rs
long term growth opportunities by investing in a . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: Nil
portfolio constituted of equity and equity related Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Reliance Equity Fund-Growth Plan 15.0280
securities of top 100 companies by market Retail Plan & Institutional Plan: Reliance Equity Fund-Bonus Plan 15.0280
capitalization and of companies which are available in • 1% if redeemed or switched out on or before Reliance Equity Fund-Dividend Plan 15.0280
the derivatives segment from time to time and the completion of 1 year from the date of allotment of
secondary objective is to generate consistent returns units. PERFORMANCE OF RELIANCE EQUITY FUND
• Nil if redeemed or switched out after completion
by investing in debt and money market securities. vs S&P CNX NIFTY as on July 30, 2010
of 1 year from the date of allotment of units.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Period Returns of Returns of
168230/09 dated June 30, 2009, no entry load will Scheme (%) Benchmark (%)
be charged by the Scheme to the investor effective
6 months 3.51 9.95
August 1, 2009. Upfront commission shall be paid
Portfolio composition As On July 31, 2010 1 Year 9.31 17.42
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of 3 Years 4.55 6.52
Cash and
figures in %
various factors including the service rendered by the 5 Years N.A. N.A.
Other Receivables
12.83% distributor. Since Inception 9.47 10.96
"Returns are of Retail Plan - Growth Plan. Returns less than one year are
Benchmark . . . . . . . . . . . . . . . . . . . . S&P CNX Nifty absolute returns and returns of one year and more are compounded
annualized returns. Calculations assume all payouts during the period have
Portfolio of Reliance EQUITY Fund been reinvested in the units of the scheme at the prevailing NAV. Past
performance may or may not be sustained in the future."
as on July 31, 2010
Equities
87.17% Holdings Weightage (%) Special Feature
Equities 87.17 Reliance Any Time Money Card
State Bank Of India 7.90
Divi's Laboratories Ltd. 6.98
Tata Consultancy Services Ltd. 6.63
Oil & Natural Gas Corporation Ltd. 6.53
Reliance Infrastructure Ltd. 5.25
ICICI Bank Ltd. 4.28
HCL Technologies Ltd. 4.13
Zee Entertainment Enterprises Ltd 3.90
Reliance Industries Ltd. 3.72
Financial Technologies India Ltd 3.45
Reliance Communications Ltd 3.01
Infosys Technologies Ltd. 2.93
Sector Allocation As On July 31, 2010 United Spirits Ltd. 2.92
Cipla Ltd. 2.92
ENGINEERING 0.75% Adani Enterprises Ltd. 2.86
Canara Bank 2.55
FINANCE 0.88% Mahindra & Mahindra Ltd. 2.09
Indiabulls Real Estate Ltd. 1.98
Maruti Suzuki India Ltd. 1.89
CONSTRUCTION PROJECT 1.19%
Sterlite Industries Ltd. 1.84
Other Equities 9.42
NON - FERROUS METALS 1.84% Cash and Other Receivables 12.83
Grand Total 100.00
RETAILING 1.91% Derivatives (Figures as a % Of Equity Corpus)
Futures -5.65
CONSTRUCTION 1.98% Total Short Futures -5.65
Options -32.28
TRADING 2.86% Total Call Written Notional Value* -8.30
Total Put Bought Notional Value* -23.99
CONSUMER NON DURABLES 2.92% *Not considered while calculating the NAV of the fund

TELECOM - SERVICES 3.81%

MEDIA & ENTERTAINMENT 3.90%

AUTO 5.10%

PETROLEUM PRODUCTS 5.43%

POWER 6.29%

OIL 6.53%

PHARMACEUTICALS 9.90%

BANKS 14.73%

SOFTWARE 17.14%
Industry Classification as per AMFI.

Fundamentals August 2010 7

 Fund Data IDR, Derivatives,Cash
Equity : Diversified Mid Cap and Other Receivables 6.37
Type . . . . . . . An Open Ended Equity Growth Scheme Grand Total 100.00
Date of allotment . . . . . . . . . . . . . October 8, 1995
Reliance Inception Date . . . . . . . . . . . . . . . October 8, 1995
Corpus: . . . . . . . . . 7758.41 crores (July 31, 2010) Volatility Measures
Minimum Investment . . . Retail Plan - Rs 5,000 and
Growth Fund in multiples of Re 1 thereafter
. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr and
in multiples of Re 1 thereafter
Beta
Standard Deviation
0.8506
4.3742
R Squared 0.8781
Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania Sharpe Ratio 0.0563
Entry Load* . . . . . . . . . . . . . . . . . . . Retail Plan: Nil
investment objective . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan: Nil Portfolio Turnover Ratio 0.42
The primary investment objective of the scheme is to Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Note: The above measures have been calculated by taking rolling return for
achieve long-term growth of capital by investing in Retail Plan & Institutional Plan a 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
• 1% if redeemed or switched out on or before 91days T-bill yield as on July 30, 2010)
equity and equity related securities through a research completion of 1 year from the date of allotment of
based investment approach. units.
• Nil if redeemed or switched out after completion of NAV as on July 30, 2010 Rs
1 year from the date of allotment of units
Reliance Growth Fund-Growth Plan 465.9134
Portfolio composition As On July 31, 2010 * In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Growth Fund-Bonus Plan 77.2846
figures in %
168230/09 dated June 30, 2009, no entry load will Reliance Growth Fund-Dividend Plan 57.1124
be charged by the Scheme to the investor effective
IDR, Derivatives,
August 1, 2009. Upfront commission shall be paid Reliance Growth Fund-Institutional Growth 469.1638
Cash and Other
Receivables directly by the investor to the AMFI registered Reliance Growth Fund-Institutional Dividend 453.9283
6.37% Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor. dividend HIstory
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index Date Rate Cum *Ex-
(Re/ Dividend Dividend
Unit) NAV NAV
Portfolio of Reliance GROWTH Fund
March 21, 2000 10.00 40.89 30.90
February 18, 2003 2.00 22.61 20.67
Equities as on July 31, 2010
93.63% July 18, 2003 3.00 27.96 24.47
Holdings Weightage (%)
October 9, 2003 3.00 34.67 31.80
Equities 93.63
December 18, 2003 6.00 41.1 35.28
State Bank Of India 4.91
Lupin Ltd. 4.24 March 12, 2004 7.50 34.67 27.17
Bank Of Baroda 3.87 October 19, 2004 3.00 33.61 30.37
Jindal Saw Ltd. 3.15 December 24, 2004 2.50 37.34 34.91
Divi's Laboratories Ltd. 2.36 March 29, 2005 5.00 36.21 31.80
E.I.D. Parry (India) Ltd. 2.32 December 19, 2005 3.00 50.83 47.63
Oil & Natural Gas Corporation Ltd. 2.31 March 29, 2006 7.50 57.77 50.90
HCL Technologies Ltd. 2.18 October 30, 2006 2.50 55.58 53.08
Infosys Technologies Ltd. 2.11 March 12, 2007 7.50 54.09 47.16
Jindal Steel & Power Ltd. 2.11
August 17, 2007 3.50 54.72 52.04
ICICI Bank Ltd. 2.03
Zee Entertainment Enterprises Ltd 2.01 March 19, 2008 6.50 54.53 47.42
Sintex Industries Ltd. 1.76 March 20, 2009 2.00 29.72 28.60
Reliance Industries Ltd. 1.72 October 31, 2009 5.00 53.40 46.98
Sector Allocation As On July 31, 2010 Escorts Ltd. 1.70 March 30, 2010 2.50 56.29 53.84
Edelweiss Capital Ltd. 1.69 Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
INFORMATION TECHNOLOGY 0.00% Strides Arcolab Ltd. 1.67 Mutual Fund is not assuring that it will make periodical dividend
United Phosphorus Ltd. 1.65 distributions, though it has every intention of doing so. After the payment of
MISCELLANEOUS 0.01% dividend, the per unit NAV falls to the extent of the dividend payout and
Tata Consultancy Services Ltd. 1.62 distribution taxes, if any. Performance of Dividend Plan/Option would be
CHEMICALS 0.14% net of applicable statutory levy, if any
Adani Enterprises Ltd. 1.60 * NAV on the 1st transaction day after Record Date, which includes the
GAS 0.17% Maruti Suzuki India Ltd. 1.51 mark to market impact also.
TRANSPORTATION 0.23% Crompton Greaves Ltd. 1.49
HARDWARE 0.23% Bombay Dyeing & Manufacturing Co. Ltd. 1.48
performance of RELIANCE GROWTH FUND
United Spirits Ltd. 1.44
AUTO ANCILLARIES 0.61% vs BSE 100 index as on July 30, 2010
Gujarat Mineral Development Corp Lt 1.37
NON - FERROUS METALS 0.68%
HT Media Ltd. 1.37 Period Returns of Returns of
RETAILING 0.77% BEML Ltd. 1.36 Scheme (%) Benchmark (%)
TELECOM - EQUIPMENT & ACCESSORIES 0.84% Gujarat State Fertilizers & Chemicals Ltd. 1.36 6 months 12.52 9.75
PAPER 0.90% Jain Irrigation Systems Ltd. 1.33
1 Year 33.95 18.64
Financial Technologies India Ltd 1.31
TEXTILE PRODUCTS 1.00%
Greaves Cotton Ltd. 1.30 3 Years 13.37 6.79
CONSTRUCTION PROJECT 1.04%
Orient Paper & Industries Ltd. 1.25 5 Years 25.31 18.58
MINERALS/MINING 1.51% Radico Khaitan Ltd 1.23 Since Inception 29.59 12.63
TELECOM - SERVICES 1.57% D B Realty Ltd. 1.16 "Returns are of Retail Plan - Growth Plan. Returns less than one year are
absolute returns and returns of one year and more are compounded annual-
PETROLEUM PRODUCTS 1.72% Bajaj Holdings And Investment Ltd 1.10 ized returns. Calculations assume all payouts during the period have been
Jaiprakash Associates Ltd. 1.07 reinvested in the units of the scheme at the prevailing NAV. Past perform-
TRADING 1.83% ance may or may not be sustained in the future."
Reliance Infrastructure Ltd. 1.07
PESTICIDES 2.04% Indiabulls Financial Services Ltd 1.06 Special Feature
POWER 2.08% NTPC Ltd. 1.01 Reliance Any Time Money Card
TEXTILES - COTTON 2.21% Equity Less Than 1% Of Corpus 22.33
CONSTRUCTION 2.47%
SIP Return
FERTILISERS 2.56%
as on July 30, 2010
CEMENT 2.87% Period 1 Year 3 Year 5 Year Since inception
OIL 3.27% SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 October 8, 1995
MEDIA & ENTERTAINMENT 3.38% Current NAV (As on July 30, 2010) 465.91 465.91 465.91 465.91
AUTO 3.87% Total No. of units accumulated 28.8054 111.8324 221.4776 6206.6110
INDUSTRIAL CAPITAL GOODS 4.49% Total Amount Invested in Rs. 12000 36000 60000 178000
CONSUMER NON DURABLES 4.99% Market Value if invested in Scheme in Rs. 13420.81 52104.21 103189.38 2891743.25
INDUSTRIAL PRODUCTS 5.23%
Market Value if invested in Benchmark in Rs. 12792.88 45981.45 86183.49 698827.50
FINANCE 5.44%
Return on SIP in Scheme 24.00% 26.04% 22.07% 33.12%
FERROUS METALS 6.04%
Return on SIP in Benchmark (BSE 100) 13.19% 16.87% 14.62% 16.82%
Assumptions:
SOFTWARE 7.21% a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked
PHARMACEUTICALS out on Microsoft Excel spreadsheet function known as XIRR.
9.25%
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
BANKS 13.01% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the
Industry Classification as per AMFI. concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does
not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other
investments. SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

8 Fundamentals August 2010

Equity : Diversified Mid Cap Fund Data Volatility Measures

Type . . . . An Open Ended Diversified Equity Scheme Beta 0.7162

Reliance Date of allotment . . . . . . . . . . . December 26, 2006
Inception Date . . . . . . . . . . . . . December 27, 2006
Standard Deviation
R Squared
3.9580
0.7604

Long Term Corpus . . . . . . . . Rs 1738.33 crore (July 31, 2010)

Minimum Investment . . . Rs 5,000 & in multiples of
Sharpe Ratio
Portfolio Turnover Ratio
0.0483
0.36

Equity Fund
. . . . . . . . . . . . . . . . . . . . . . . . . . . . Re.1 thereafter. Note: The above measures have been calculated by taking rolling return for
Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania a 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil 91days T-bill yield as on July 30, 2010)
Exit Load . . . . 1% if redeeemed/switched out on or
investment objective before completion of 1 year from the date of alotment NAV as on july 30, 2010 Rs
The primary investment objective of the scheme is to of units
seek to generate long term capital appreciation & Nil if redeemed/switched out after completion of 1 Reliance Long Term Equity Fund -
provide long-term growth opportunities by investing year from the date of allotment of units Growth Plan 15.7839
in a portfolio constituted of equity & equity related * In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Long Term Equity Fund -
securities and Derivatives and the secondary objective 168230/09 dated June 30, 2009, no entry load will Dividend Plan 15.7839
is to generate consistent returns by investing in debt be charged by the Scheme to the investor effective
and money market securities. August 1, 2009. Upfront commission shall be paid performance of RELIANCE LONG TERM
directly by the investor to the AMFI registered EQUITY FUND vs BSE 200 index as on
Distributors based on the investors' assessment of July 30, 2010
various factors including the service rendered by the
Portfolio composition As On July 31, 2010 distributor. Period Returns of Returns of
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 200 Index Scheme (%) Benchmark (%)
Derivatives, figures in % 6 Months 19.35 10.48
Cash and Other
Receivables Portfolio of Reliance LONG-TERM 1 Year 42.77 21.24
3.14% 3 Years 10.66 7.08
EQUITY Fund
5 Years N.A. N.A.
Since Inception 13.07 9.35
as on July 31, 2010
Holdings Weightage (%) "Returns are of Growth Plan. Returns less than one year are absolute returns
Equities 96.86 and returns of one year and more are compounded annualized returns.
Rallis India Ltd. 5.50 Calculations assume all payouts during the period have been reinvested in the
Equities Wabco Tvs India Ltd 4.76 units of the scheme at the prevailing NAV. Past performance may or may
96.86%
Bombay Rayon Fashions Ltd. 4.11 not be sustained in the future."
Corporation Bank 3.95
Bank Of Baroda 3.25
Divi's Laboratories Ltd. 3.07
JSL Ltd. 3.05
Unichem Laboratories Ltd. 2.93
Greaves Cotton Ltd. 2.88
Gujarat Narmada Valley Fertilisers Co. Ltd. 2.83
Oriental Hotels Ltd. 2.71
Tube Investments Of India Ltd. 2.55
Era Infra Engineering Ltd. 2.43
Abbott India Ltd 2.36
Lakshmi Machine Works Ltd. 2.34
Sintex Industries Ltd. 2.31
Karnataka Bank Ltd 2.07
United Phosphorus Ltd. 1.96
Sobha Developers Ltd. 1.93
Sector Allocation As On July 31, 2010 India Cements Ltd. 1.86
Reliance Infrastructure Ltd. 1.75
AUTO ANCILLARIES 0.31% Sundaram Finance Ltd. 1.71
TEXTILES - COTTON 0.33% 3i Infotech Ltd. 1.63
TEXTILES - SYNTHETIC 0.40% Time Technoplast Ltd. 1.55
TRANSPORTATION 0.75% Nirma Ltd. 1.54
OIL 0.76% PSL Ltd. 1.49
CHEMICALS 0.90% Everest Industries Ltd. 1.47
CONSTRUCTION PROJECT 1.00%
CCL Products India Ltd. 1.43
Rain Commodities Ltd. 1.41
PETROLEUM PRODUCTS 1.25%
Kirloskar Oil Engines Ltd 1.40
TELECOM - EQUIPMENT & ACCESSORIES 1.40%
Astra Microwave Products Ltd 1.40
FINANCE 1.71%
Hinduja Ventures Ltd. 1.38
MEDIA & ENTERTAINMENT 1.75% EIH Ltd. 1.34
POWER 1.75% Essel Propack Ltd. 1.26
CONSUMER DURABLES 2.55% Mindtree Ltd. 1.22
FERTILISERS 2.83% Sarda Energy And Minerals Ltd. 1.12
INDUSTRIAL CAPITAL GOODS 3.28% Gulf Oil Corporation Ltd. 1.03
CONSUMER NON DURABLES 3.95% Hindustan Construction Co. Ltd. 1.00
HOTELS 4.05% Equity Less Than 1% Of Corpus 12.88
SOFTWARE 4.28%
Derivatives,Cash and Other Receivables 3.14
Grand Total 100.00
TEXTILE PRODUCTS 4.70%
CEMENT 4.74%
CONSTRUCTION 5.67%
FERROUS METALS 6.11%
MISCELLANEOUS 6.88%
PESTICIDES 7.46%
PHARMACEUTICALS 9.23%
BANKS 9.26%
INDUSTRIAL PRODUCTS 9.58%

Industry Classification as per AMFI.

Fundamentals August 2010 9

Equity : Diversified Multi Cap Fund Data Reliance Industries Ltd. 1.35
Federal Bank Ltd. 1.28
Type . . . . . . . . . . . . . . . . . . An Open Ended Scheme Lupin Ltd. 1.26

Reliance Date of allotment . . . . . . . . . . . . . . . . June 8, 2005

Inception Date . . . . . . . . . . . . . . . . . . June 9, 2005
Grasim Industries Ltd.
Arshiya International Ltd.
1.23
1.23

Regular Savings Fund

Corpus . . . . . . . . . Rs. 2983.07 crore (July 31, 2010)
Minimum Investment . . . Rs 500 & in multiples of Re 1
thereafter
– Equity Option Fund Manager . . . . . . . . . . . . . . . Omprakash Kuckian
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Bombay Dyeing & Manufacturing Co. Ltd. 1.06
investment objective • 1% if redeemed or switched out on or before
The primary investment objective of this option is to completion of 1 year from the date of allotment of
seek capital appreciation and or to generate consistent units.
returns by actively investing in equity / equity related • Nil if redeemed or switched out after completion of
1 year from the date of allotment of units.
securities.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
Portfolio composition As On July 31, 2010 be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
figures in % directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
Cash and Other
Receivables various factors including the service rendered by the
4.48%
distributor.
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index
Portfolio of Reliance REGULAR SAVINGS 
FUND – EQUITY OPTION
as on July 31, 2010
Equities
95.52%
Holdings Weightage (%)
Equities 95.52
State Bank Of India 5.04
Tata Consultancy Services Ltd. 4.22
Oil & Natural Gas Corporation Ltd. 4.16
Mphasis Ltd. 2.97
Adani Enterprises Ltd. 2.74
ICICI Bank Ltd. 2.73
Reliance Infrastructure Ltd. 2.55
HCL Technologies Ltd. 2.30
Bombay Rayon Fashions Ltd. 2.22
GAIL (India) Ltd. 2.20
Indiabulls Real Estate Ltd. 2.20
Hindalco Industries Ltd. 2.15
Cipla Ltd. 2.13
Divi's Laboratories Ltd. 2.12
Biocon Ltd. 2.07
Bharti Airtel Ltd. 2.06
Reliance Communications Ltd 2.04
Pratibha Industries Ltd. 1.99
Tata Motors Ltd. 1.99
Sector Allocation As On July 31, 2010 Exide Industries Ltd. 1.95
Hindustan Petroleum Corporation Ltd. 1.89
INDUSTRIAL CAPITAL GOODS 0.92% Infosys Technologies Ltd. 1.87
INDUSTRIAL PRODUCTS 0.93% Mahindra & Mahindra Ltd. 1.77
TEXTILES - COTTON 1.06%
Gammon India Ltd. 1.66
RETAILING 1.12%
Indian Bank 1.66
Jindal Saw Ltd. 1.64
FERTILISERS 1.18%
Tata Steel Ltd. 1.62
MISCELLANEOUS 1.23%
Zee Entertainment Enterprises Ltd 1.59
CEMENT 1.91%
Canara Bank 1.58
NON - FERROUS METALS 2.15%
Spicejet Ltd. 1.57
GAS 2.20%
Phoenix Mills Ltd. 1.54
TEXTILE PRODUCTS 2.24% Motherson Sumi Systems Ltd. 1.49
CONSUMER NON DURABLES 2.28%
Everest Kanto Cylinder Ltd. 1.18
Zuari Industries Ltd 1.18
Deccan Chronicle Holdings Ltd. 1.15
Pantaloon Retail (India) Ltd.
DB Corp Ltd.
1.12
1.10
Equity Less Than 1% Of Corpus 10.69
Cash and Other Receivables 4.48
Grand Total 100.00
Volatility Measures
Beta 0.9024
Standard Deviation 4.7003
R Squared 0.8560
Sharpe Ratio 0.0789
Portfolio Turnover Ratio 0.73
Note: The above measures have been calculated by taking rolling return for a 3
year period from July 30, 2007 with 5.70% Risk Free returns (taken as 91days
T-bill yield as on July 30, 2010)
NAV as on July 30, 2010 Rs
Reliance Regular Savings Fund -
Equity Option-Growth Plan 30.3153
Reliance Regular Savings Fund -
Equity Option-Dividend Plan 23.6302
dividend HIstory
Date Rate Cum *Ex-
(Re/ Dividend Dividend
Unit) NAV NAV
July 24, 2009 5 22.6391 17.7355
Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend
distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and
distribution taxes, if any. Performance of Dividend Plan/Option would be
net of applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the
mark to market impact also.
PERFORMANCE OF RELIANCE REGULAR
SAVINGS Fund- EQUITY OPTION vs BSE 100
INDEX as on July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 Months 11.36 9.75
1 Year 32.41 18.64
3 Yrs 19.66 6.79
5 Yrs 24.73 18.58
Since Inception 24.01 20.45
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
Special Feature
Reliance Any Time Money Card

TRANSPORTATION 2.45%
SIP Return
TRADING 2.74%

PETROLEUM PRODUCTS 3.24% as on July 30, 2010

POWER 3.62%
Period 1 Year 3 Year 5 Years Since inception
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 June 9, 2005
FERROUS METALS 3.73%
Current NAV (As on July 30, 2010) 30.32 30.32 30.32 30.32
CONSTRUCTION 3.74%
Total No. of units accumulated 441.07 1774.21 3708.14 3907.58
3.76%
Total Amount Invested in Rs. 12000 36000 60000 62000
AUTO

MEDIA & ENTERTAINMENT 3.85%

Market Value if invested in Scheme in Rs. 13371.13 53785.70 112413.26 118459.33
TELECOM - SERVICES 4.09% Market Value if invested in Benchmark in Rs. 12792.88 45981.45 86183.49 91208.17
OIL 4.22% Return on SIP in Scheme 23.13% 28.43% 25.67% 25.55%
CONSTRUCTION PROJECT 4.42% Return on SIP in Benchmark (BSE 100) 13.19% 16.87% 14.62% 15.07%
Assumptions:
AUTO ANCILLARIES 4.62%
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out
PHARMACEUTICALS 8.63% on Microsoft Excel spreadsheet function known as XIRR.
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
BANKS 12.29% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
SOFTWARE 12.91% d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the concept
of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure
Industry Classification as per AMFI. any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.
SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

10 Fundamentals August 2010

Equity : Diversified Multi Cap Fund Data Piramal Life Sciences Ltd. 1.24
Phoenix Mills Ltd. 1.23
Type . . . . An Open Ended Diversified Equity Scheme Siemens Ltd. 1.21

Reliance Date of allotment . . . . . . . . . . . . . March 28, 2005

Inception Date . . . . . . . . . . . . . . . March 31, 2005
Corpus . . . . . . . . . . . 2319.97 crore (July 31, 2010)
Infosys Technologies Ltd.
SKS Microfinance Ltd.
1.20
1.14

Equity Opportunities
Maruti Suzuki India Ltd. 1.03
Minimum Investment . . . Retail Plan- Rs 5,000 and
Equity Less Than 1% Of Corpus 6.97
in multiples of Re 1 thereafter
Warrants,Cash and Other Receivables 6.05
Fund
. . . . . . . . . . . . . . . . . Institutional Plan- Rs 5 cr and
Grand Total 100.00
in multiples of Re 1 thereafter
Fund Manager . . . . . . . . . . . . . . . . . Sailesh Raj Bhan
Volatility Measures
Entry Load* . . . . . . . . . . . . . . . . . . . Retail Plan : Nil
investment objective
. . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan : Nil Beta 0.8623
The primary investment objective of the scheme is to
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Standard Deviation 4.4411
seek to generate capital appreciation & provide long-
Retail Plan & Institutional Plan: R Squared 0.8754
term growth opportunities by investing in a portfolio
• 1% if redeemed or switched out on or before Sharpe Ratio 0.0577
constituted of equity securities & equity-related
completion of 1 year from the date of allotment of Portfolio Turnover Ratio 0.98
securities and the secondary objective is to generate
units. Note: The above measures have been calculated by taking rolling return for a
consistent returns by investing in debt and money
• Nil if redeemed or switched out after completion of 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
market securities.
1 year from the date of allotment of units. 91days T-bill yield as on July 30, 2010)

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ NAV as on July 30, 2010 Rs
168230/09 dated June 30, 2009, no entry load will
Portfolio composition As On July 31, 2010 be charged by the Scheme to the investor effective Reliance Equity Opportunities Fund-
August 1, 2009. Upfront commission shall be paid Growth Plan 34.4220
figures in % directly by the investor to the AMFI registered Reliance Equity Opportunities Fund-
Warrants, Distributors based on the investors' assessment of Bonus Plan 34.4220
Cash and Other
Receivables various factors including the service rendered by the Reliance Equity Opportunities Fund-
6.05%
distributor. Dividend Plan 24.3154
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index Reliance Equity Opportunities Fund-
Institutional Dividend 34.4624
Portfolio of Reliance Equity
Opportunities Fund dividend HIstory

as on July 31, 2010 Date Rate Cum *Ex-

Holdings Weightage (%)
Equities Equities 93.95
93.95%
State Bank Of India 5.12
Divi's Laboratories Ltd. 5.07
Tata Consultancy Services Ltd. 5.02
Trent Ltd. 4.73
Aventis Pharma Ltd. 4.64
Indian Metal And Ferro Alloys Limit 3.76
Larsen & Toubro Ltd. 3.48
Torrent Power Ltd. 3.41
HCL Technologies Ltd. 3.38
Cox And Kings India Ltd 3.34
Shoppers Stop Ltd. 3.32
Ashok Leyland Ltd. 3.00
Bharti Airtel Ltd. 2.64
Cummins India Ltd. 2.47
Info Edge India Ltd. 2.29
Reliance Industries Ltd. 2.18
Rain Commodities Ltd. 2.00
Nava Bharat Ventures Ltd. 1.99
Sector Allocation As On July 31, 2010 Unichem Laboratories Ltd. 1.94
ICICI Bank Ltd. 1.76
Motherson Sumi Systems Ltd. 1.70
CHEMICALS 0.68%
Bosch Ltd. 1.64
TELECOM - EQUIPMENT & ACCESSORIES 0.89% Dish TV India Ltd. 1.52
INDUSTRIAL CAPITAL GOODS 1.21% Mahindra Forgings Ltd. 1.47
Hinduja Ventures Ltd. 1.46
CONSTRUCTION 1.23%
HDFC Bank Ltd. 1.38
FERTILISERS 1.28% Hindustan Media Ventures Ltd. 1.35
FINANCE 1.28%
Hathway Cable And Datacom Ltd. 1.31
Housing Development Finance Cor Ltd 1.28
MINERALS/MINING 1.99%
Coromandel International Ltd. 1.28
CEMENT 2.00%
(Re/ Dividend Dividend
Unit) NAV NAV
August 7, 2006 1.00 16.41 15.41
February 1, 2007 1.50 20.88 19.53
March 19, 2008 1.50 18.19 16.56
July 24, 2009 2.00 17.10 15.29
"Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend distributions,
though it has every intention of doing so. After the payment of dividend, the
per unit NAV falls to the extent of the dividend payout and distribution taxes,
if any. Performance of Dividend Plan/Option would be net of applicable
statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark
to market impact also.
PERFORMANCE OF RELIANCE EQUITY
OPPORTUNiTIES FUND vs BSE 100 INDEX AS ON
July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 months 22.52 9.75
1 Year 57.24 18.64
3 Years 13.73 6.79
5 Years 24.13 18.58
Since Inception 26.22 20.84
"Returns are of Retail Plan - Growth Plan. Returns less than one year are
absolute returns and returns of one year and more are compounded annual-
ized returns. Calculations assume all payouts during the period have been
reinvested in the units of the scheme at the prevailing NAV. Past performance
may or may not be sustained in the future."
Special Feature
Reliance Any Time Money Card

PETROLEUM PRODUCTS 2.55%

TELECOM - SERVICES 2.64% SIP Return

TRANSPORTATION 3.34% as on July 30, 2010
AUTO ANCILLARIES 3.34% Period 1 Year 3 Year 5 Years Since inception
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 March 31, 2005
POWER 3.41%
Current NAV (As on July 30, 2010) 34.42 34.42 34.42 34.42
CONSTRUCTION PROJECT 3.48% Total No. of units accumulated 424.64 1700.86 3107.83 3594.14
INDUSTRIAL PRODUCTS 3.94% Total Amount Invested in Rs. 12000 36000 60000 65000
Market Value if invested in Scheme in Rs. 14616.86 58546.99 106977.81 123717.38
AUTO 4.63%
Market Value if invested in Benchmark in Rs. 12792.88 45981.45 86183.49 99501.98
MEDIA & ENTERTAINMENT 6.43% Return on SIP in Scheme 45.41% 34.94% 23.58% 24.11%
MISCELLANEOUS 7.03% Return on SIP in Benchmark (BSE 100) 13.19% 16.87% 14.62% 15.83%
Assumptions:
BANKS 8.25%
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out
on Microsoft Excel spreadsheet function known as XIRR.
RETAILING 8.81% b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
SOFTWARE 12.64% load has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the concept
PHARMACEUTICALS 12.90% of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure
any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.
SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.
Industry Classification as per AMFI.

Fundamentals August 2010 11

 Fund Data Volatility Measures
Equity : Balanced
Type . . . . . . . . . . . . . . . . . . An Open Ended Scheme Beta 0.6752

Reliance Date of allotment . . . . . . . . . . . . . . . . June 8, 2005

Inception Date . . . . . . . . . . . . . . . . . . June 9, 2005
Standard Deviation
R Squared
3.4536
0.8877

Regular Savings Fund

Corpus . . . . . . . . . Rs. 593.71 crore (July 31, 2010) Sharpe Ratio 0.0869
Minimum Investment . . . Rs 500 & in multiples of Re 1 Portfolio Turnover Ratio 3.17
Note: The above measures have been calculated by taking rolling return for a 3
Fund Manager . . Omprakash Kuckian & Arpit Malaviya

– Balanced Option
investment objective
The primary investment objective of this option is to
generate consistent returns and appreciation of capital
by investing in a mix of securities comprising of
equity, equity related instruments & fixed income
instruments.
Portfolio composition As On July 31, 2010
Debt, Cash & Other Receivables
32.86%
Sector Allocation As On July 31, 2010
INDUSTRIAL PRODUCTS 0.92%
PESTICIDES 0.93%
GAS 1.53%
CONSUMER NON DURABLES
PETROLEUM PRODUCTS
MISCELLANEOUS
CEMENT
AUTO
CONSTRUCTION PROJECT
TELECOM - SERVICES
FERROUS METALS
INDUSTRIAL CAPITAL GOODS
FINANCE
OIL
MEDIA & ENTERTAINMENT
Weighted Average YTM . . . . . . . . . . . . . . . . 1.97%
Modified Duration . . . . . . . . . . . . . . . . . . 0.36 Years
Weighted Average Maturity . . . . . . . . . . . 0.43 Years
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Reliance Regular Savings Fund -
• 1% if redeemed or switched out on or before
completion of 1 year from the date of allotment of
units.
• Nil if redeemed or switched out after completion
of 1 year from the date of allotment of units.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
figures in %
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
Equities
67.14% distributor.
Benchmark . . . . . . . . . . . . Crisil Balanced Fund Index
Portfolio of Reliance REGULAR SAVINGS 
fund – BALANCED OPTION
as on July 31, 2010
Holdings Weightage (%)
Equities 67.14
State Bank Of India 4.65
ICICI Bank Ltd. 3.63
HCL Technologies Ltd. 3.57
Ackruti City Ltd 3.18
Oil & Natural Gas Corporation Ltd. 3.13
Power Finance Corporation Ltd. 3.08
Bharat Heavy Electricals Ltd. 3.08
Reliance Infrastructure Ltd. 2.80
Jindal Saw Ltd. 2.62
Bharti Airtel Ltd. 2.58
Zee Entertainment Enterprises Ltd 2.50
HDFC Bank Ltd. 2.47
Infosys Technologies Ltd. 2.35
Tata Power Co. Ltd. 2.22
Cipla Ltd. 2.20
Gammon India Ltd. 2.18
Tata Motors Ltd. 2.14
IDBI Bank Ltd 2.00
Jaiprakash Associates Ltd. 1.99
GIC Housing Finance Ltd. 1.93
Indian Oil Corporation Ltd. 1.83
Aurobindo Pharma Ltd. 1.63
1.61%
Jubilant Foodworks Ltd 1.61
Union Bank Of India 1.60
1.83%
Petronet LNG Ltd 1.53
Man Infraconstruction Ltd 1.13
1.93%
Equity Less Than 1% Of Corpus 3.50
Certificate Of Deposit 15.29
1.99%
State Bank Of Mysore A1+ By Icra 7.98
2.14% Bank Of India P1+ By Crisil 4.07
UCO Bank P1+ By Crisil 1.65
2.18%
Canara Bank P1+ By Crisil 1.59
Govt Securities(GSE) 4.15
2.58%
7.17% GOI (MD 14/06/2015) Sovereign 3.31
2.62% 7.40% GOI (MD 03/05/2012) Sovereign 0.85
Non Convertible Debentures 4.78
3.08% Reliance Capital Ltd. CareAAA By Care 2.61
HDFC Ltd AAA By Crisil 1.67
3.08% Tata Capital Ltd. CareAA+ By Care 0.50
Cash and Other Receivables 8.63
3.13%
Grand Total 100.00
3.26%
year period from July 30, 2007 with 5.70% Risk Free returns (taken as
91days T-bill yield as on July 30, 2010)
NAV as on July 30, 2010 Rs
Balanced Option-Growth Plan 21.8143
Reliance Regular Savings Fund -
Balanced Option-Dividend Plan 15.2923
Maturity Profile as on July 31, 2010
Holding Weightage (%)
Equities 67.14
Below 3 months 0.00
Between 3-6 months 1.65
Between 6-12 months 13.64
Between 1 - 2 Years 3.46
Between 2 - 4 Years 0.50
Above 4 Years 4.98
Cash and Other Receivables 8.63
rating Profile AS ON July 31, 2010
Holding Weightage (%)
Equities 67.14
A1+ by ICRA 7.98
P1+ by CRISIL 7.31
Sovereign 4.15
CAREAAA by CARE 2.61
AAA by CRISIL 1.67
CAREAA+ by CARE 0.50
Cash and Other Receivables 8.63
dividend HIstory
Date Rate Cum *Ex-
(Re/ Dividend Dividend
Unit) NAV NAV
March 30, 2010 2.5 16.9448 14.4334
July 24, 2009 3 16.9172 13.9043
Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend
distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and
distribution taxes, if any. Performance of Dividend Plan/Option would be
net of applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the
mark to market impact also.
performance of RELIANCE regular
savings FUND - Balanced option vs Crisil
Balanced fund Index on July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 months 16.57 7.43
1 Year 28.47 13.15
3 Years 19.80 8.03
5 Years 16.72 14.45
Since Inception 19.45 9.04
Inception date: January 13, 2007
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
Reliance Regular Savings Fund - Hybrid Option was launched on June 9,
2005 and subsequently Hybrid Option has been changed to Balanced
Option w.e.f. January 13, 2007.Consequently, Benchmark of Reliance
Regular Saving Fund Balanced option has been changed to Crisil Balanced
Fund Index from Crisil MIP Index with effect from February 21, 2008.
Accordingly performance of the scheme is from January 13, 2007.

PHARMACEUTICALS 3.83%
Special Feature
Reliance Any Time Money Card
CONSTRUCTION 4.32%

POWER 5.03%

SOFTWARE 6.80%

BANKS 14.36%

Industry Classification as per AMFI.

12 Fundamentals August 2010

Equity : Diversified Theme Based Fund Data NAV as on July 30, 2010 Rs

Type . . . . . . . . . . . . . An Open Ended Equity Scheme Reliance Infrastructure Fund-

Reliance Date of allotment . . . . . . . . . . . . . . . . July 17, 2009

Inception Date . . . . . . . . . . . . . . . . . . July 20, 2009
Retail Growth Plan 11.4389
Reliance Infrastructure Fund-
Corpus . . . . . . . . . . . 1857.99 crore (July 31, 2010) Retail Bonus Plan 11.4389
Infrastructure Fund Minimum Investment . . . Retail Plan - Rs 5,000 and
in multiples of Re 1 thereafter
Reliance Infrastructure Fund-
Retail Dividend Plan 11.4389
. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr and Reliance Infrastructure Fund-
investment objective in multiples of Re 1 thereafter Institutional Growth Plan 11.4548
The primary investment objective of the scheme is to Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania Reliance Infrastructure Fund-
generate long term capital appreciation by investing Entry Load* . . . . . . . . . . . . . . . . . . . Retail Plan : Nil Institutional Dividend Plan 11.4548
predominantly in equity and equity related instruments . . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan : Nil
of companies engaged in infrastructure and Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . PERFORMANCE OF RELIANCE Infrastructure
infrastructure related sectors and which are Retail Plan & Institutional Plan FUND vs BSE 100 INDEX AS ON July 30, 2010
incorporated or have their area of primary activity, in • 1% if redeemed or switched out on or before
India and the secondary objective is to generate completion of 1 year from the date of allotment of Period Returns of Returns of
consistent returns by investing in debt & money units. Scheme (%) Benchmark (%)
market securities. • Nil if redeemed or switched out after completion of 6 Months 6.32 9.75
1 year from the date of allotment of units. 1 Year 11.90 18.64
3 Years N.A. N.A.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Portfolio composition As On July 31, 2010 5 Years N.A. N.A.
168230/09 dated June 30, 2009, no entry load will
Since Inception 13.20 19.89
figures in % be charged by the Scheme to the investor effective
Cash and Other Since Inception Date is July 20, 2009.
Receivables August 1, 2009. Upfront commission shall be paid "Returns are of Retail Plan - Growth Plan. Returns less than one year are
6.35% directly by the investor to the AMFI registered absolute returns and returns of one year and more are compounded annual-
ized returns. Calculations assume all payouts during the period have been
Distributors based on the investors' assessment of reinvested in the units of the scheme at the prevailing NAV. Past perform-
various factors including the service rendered by the ance may or may not be sustained in the future."
distributor.
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index
Special Feature
Portfolio of Reliance Infrastructure Fund Reliance Any Time Money Card
Equities
93.65% as on July 31, 2010
Holdings Weightage (%)
Equities 93.65
Era Infra Engineering Ltd. 5.24
Reliance Infrastructure Ltd. 4.53
IDFC Ltd. 4.40
Hindustan Construction Co. Ltd. 4.21
Larsen & Toubro Ltd. 3.62
Sobha Developers Ltd. 3.47
Jindal Saw Ltd. 3.41
ICICI Bank Ltd. 3.38
Oil & Natural Gas Corporation Ltd. 3.34
SPML Infra Ltd. 3.33
NTPC Ltd. 3.32
Nagarjuna Construction Co. Ltd. 3.08
Sterlite Industries Ltd. 3.04
Sector Allocation As On July 31, 2010 Jayaswal Neco Industries Ltd 2.99
Jaiprakash Associates Ltd. 2.93
KSB Pumps Ltd. 2.61
AUTOANCILLARIES 0.73% Tata Power Co. Ltd. 2.47
State Bank Of India 2.37
GAS 1.47% Gayatri Projects Ltd. 2.08
PSL Ltd. 2.05
PETROLEUM PRODUCTS 1.63% Marg Ltd. 2.00
Texmaco Ltd. 1.81
TRANSPORTATION 2.59% MBL Infrastructures Ltd. 1.77
Jindal Steel & Power Ltd. 1.68
INDUSTRIALPRODUCTS 2.61% Reliance Industries Ltd. 1.63
Adani Power Ltd. 1.58
IVRCL Infrastructures & Projects Ltd. 1.57
OIL 3.34% GAIL (India) Ltd. 1.47
IL&FS Transportation Networks Ltd 1.45
MISCELLANEOUS 3.53% BEML Ltd. 1.44
GVK Power & Infrastructure Ltd 1.40
CEMENT 3.54% Patel Engineering Ltd. 1.29
IRB Infrastructure Developers Ltd 1.14
NON - FERROUS METALS 3.87% Punj Lloyd Ltd. 1.07
Diamond Power Infrastructure Ltd 1.05
INDUSTRIALCAPITALGOODS 3.87% Equity Less Than 1% Of Corpus 5.44
Cash and Other Receivables 6.35
FINANCE 4.40% Grand Total 100.00

BANKS 5.74%
FERROUS METALS 10.13%
CONSTRUCTION PROJECT 11.98%
POWER 14.23%
CONSTRUCTION 20.00%
Industry Classification as per AMFI.

Fundamentals August 2010 13

 Fund Data Mosaic Company Ltd. 0.67
Equity : Diversified Theme Based Santos Ord 0.33
Type . . . . . . . . . . . . . An Open Ended Equity Scheme Bluescope Steel Ltd Aud 0.27
Reliance Date of allotment . . . . . . . . . . . . February 25, 2008
Inception Date . . . . . . . . . . . . . . February 26, 2008
Aquarius Platinum Ltd
Overseas ETFs
0.01
2.59

Natural Resources Corpus . . . . . . . . Rs 3296.88 crore (July 31, 2010) Market Vectors Agribusiness-Etf 2.59
Derivatives,Cash and Other Receivables 4.70
Minimum Investment . Retail Plan - Rs 5000 and in
Grand Total 100.00

Fund
investment objective
The primary investment objective of the scheme is to
seek to generate capital appreciation & provide long-
term growth opportunities by investing in companies
principally engaged in the discovery, development,
production, or distribution of natural resources and
multiples of Re. 1 thereafter
. . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr and Volatility Measures
in multiples of Re. 1 thereafter
Fund Manager . . . . . . Ashwani Kumar & Shiv Chanani Beta 0.7479
Entry Load* . . . . . . . . . . . . . . . . . . Retail Plan - Nil Standard Deviation 3.8202
. . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - Nil R Squared 0.8508
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Sharpe Ratio -0.0030
Retail Plan & Institutional Plan: Portfolio Turnover Ratio 1.85
• 1% if redeemed or switched out on or before Note: The above measures have been calculated by taking rolling return since

the secondary objective is to generate consistent completion of 1 year from the date of allotment of inception with 5.70% Risk Free returns (taken as 91days T-bill yield as on

returns by investing in debt and money market units. July 30, 2010)
securities. • Nil if redeemed or switched out after completion of
1 year from the date of allotment of units. NAV as on July 30, 2010 Rs
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Portfolio composition As On July 31, 2010 168230/09 dated June 30, 2009, no entry load will Reliance Natural Resources Fund-
figures in % be charged by the Scheme to the investor effective Retail Growth Plan 9.8896
Mutual Fund Units
August 1, 2009. Upfront commission shall be paid Reliance Natural Resources Fund-
Derivatives,
2.59%
directly by the investor to the AMFI registered Retail Bonus Plan 9.8895
Cash and Other
Receivables
4.70%
Distributors based on the investors' assessment of Reliance Natural Resources Fund-
various factors including the service rendered by the
Retail Dividend Plan 9.8895
distributor.
Benchmark ........ A custom benchmark created using performance of RELIANCE NATURAL 
International
Equity Shares the BSE-200 to the extent of 65% of portfolio and RESOURCES FUND vs BENCHMARK* as on
24.42%
MSCI World Energy Index for balance 35% of July 30, 2010
Equities
68.29% the portfolio.
Period Returns of Returns of
Portfolio of Reliance Natural Scheme (%) Benchmark (%)*
Resources Fund 6 Months 0.91 4.38
1 Year 8.08 14.05
as on July 31, 2010 3 Years N.A. N.A.
Holdings Weightage (%) 5 Years N.A. N.A.
Equities 68.29 Since Inception -1.05 -4.36
Oil & Natural Gas Corporation Ltd. 6.59 Returns of Retail Plan- Growth Plan. Returns less than one year are absolute
Reliance Industries Ltd. 5.82 returns and returns of one year and more are compounded annualized
Hindustan Petroleum Corporation Ltd. 5.71 returns. Calculations assume that all payouts during the period have been
Sector Allocation As On July 31, 2010 (Domestic) Tata Steel Ltd. 4.66 reinvested in the units of the scheme at the then prevailing NAV. Past
Bharat Petroleum Corporation Ltd. 4.35
performance may or may not be sustained in the future.
TEXTILES - SYNTHETIC 1.05% United Phosphorus Ltd. 3.86
*A custom benchmark created using the BSE-200 to the extent of 65% of
Reliance Infrastructure Ltd. 3.09
CONSTRUCTION PROJECT 1.31% portfolio and MSCI World Energy Index for balance 35% of the portfolio.
BEML Ltd. 3.06
Cairn India Ltd. 3.04
NON - FERROUS METALS 1.86%
Triveni Engeering & Industries Ltd. 2.66
Gujarat Narmada Valley Fertilisers Co. Ltd. 2.03 Special Feature
GAS 3.01%
GAIL (India) Ltd. 2.00 Reliance Any Time Money Card
FERTILISERS 3.79%
Indian Oil Corporation Ltd. 1.98
Jindal Saw Ltd. 1.94
INDUSTRIAL CAPITAL
4.15% Gujarat State Fertilizers & Chemicals Ltd. 1.75
GOODS
Monnet Ispat And Energy Ltd. 1.49
PESTICIDES 4.21% Advanta India Ltd. 1.35
Hindalco Industries Ltd. 1.33
CONSUMER NON
DURABLES
5.60% Punj Lloyd Ltd. 1.31
Oil India Ltd. 1.30
POWER 5.60% Tata Power Co. Ltd. 1.13
Suzlon Energy Ltd. 1.08
FERROUS METALS 8.93% JBF Industries Ltd. 1.05
Gujarat State Petronet Ltd 1.01
OIL 10.93% Balrampur Chini Mills Ltd. 1.01
Equity Less Than 1% Of Corpus 3.68
PETROLEUM PRODUCTS 17.85%
International Equity Shares 24.42
Industry Classification as per AMFI. Potash Corp Of Saskatchewan Inc 2.90
Peabody Energy Corp 2.84
General Electric Co 2.05
Sector Allocation As On July 31, 2010 (Overseas) CSX Corp 2.00
Caterpillar Inc 1.76
ALUMINUM 0.01% Macarthur Coal Ltd 1.64
BP Plc 1.64
MINING, COAL & STEEL 0.27% Arcellor Mittal 1.34
MINERALS/MINING 0.82% JGC Ord 1.16
Xstrata Ord 1.14
INDUSTRIAL CAPITAL GOODS 1.16%
Atlas Energy Inc- Usd 0.83
ENERGY 1.64% Joy Global Inc 0.82
OIL / GAS EXPLORATION / PRODUCTION 1.89%
Alumina Ltd 0.82
Atlas Iron Ltd 0.79
INDUSTRIALS 2.58% Paladin Energy Ltd. 0.73
MISCELLANEOUS 2.59% Riversdale Mining Ltd. 0.69
MATERIALS 6.90%

MINING AND MATERIALS 9.15%

Industry Classification as per MSCI.

14 Fundamentals August 2010

 Equity : Sector Fund Data
Type . . . . . . . . . . . . . An Open Ended Banking Sector Scheme
Reliance
Date of allotment . . . . . . . . . . . . . . . . . . . . . . May 26, 2003
Inception Date . . . . . . . . . . . . . . . . . . . . . . . . May 28, 2003
Corpus: . . . . . . . . . . . . . . . . 1232.40 crore (July 31, 2010)
Minimum Investment . . . . . . . Retail Plan - Rs 5000 and in
R Squared 0.7565
Sharpe Ratio 0.0938
Portfolio Turnover Ratio 0.22
Note: The above measures have been calculated by taking rolling return for
a 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
91days T-bill yield as on July 30, 2010)

Banking Fund multiples of Re. 1 thereafter

. . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr and
in multiples of Re. 1 thereafter
Fund Manager . . . . . . . . . . . . . . . . . . . . . . . . . Sunil Singhania
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . Retail Plan - Nil
investment objective . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - Nil
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . . . . . . . . Reliance Banking Fund-Retail Dividend Plan 37.8050
The primary investment objective of the scheme is to Retail Plan & Institutional Plan
seek to generate continuous returns by actively • 1% if redeemed or switched out on or before completion of
1 year from the date of allotment of units.
investing in equity and equity related or fixed income • Nil if redeemed or switched out after completion of 1 year
securities of companies in the Banking Sector. from the date of allotment of units.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will be
charged by the Scheme to the investor effective August 1,
2009. Upfront commission shall be paid directly by the investor
to the AMFI registered Distributors based on the investors'
assessment of various factors including the service rendered by
the distributor.
Benchmark . . . . . . . . . . . . . . . . . . . . . . S&P CNX Bank Index
Portfolio of Reliance BANKING Fund
as on July 31, 2010
Holdings Weightage (%)
Equities 92.93
State Bank Of India 13.21
ICICI Bank Ltd. 10.53
Canara Bank 9.02
Bank Of Baroda 8.86
Oriental Bank Of Commerce 7.86
Corporation Bank 7.40
Bajaj Auto Finance Ltd. 6.52
HDFC Bank Ltd. 5.24
Ing Vysya Bank Ltd. 3.31
Federal Bank Ltd. 3.24
Indiabulls Financial Services Ltd 2.97
Andhra Bank Ltd 2.94
Bank Of India 2.94
Kotak Mahindra Bank Ltd. 1.88
Punjab National Bank 1.81
Reliance Capital Ltd. 1.76
Dhanalaxmi Bank Ltd 1.06
Karur Vysya Bank Ltd. 1.03
Equity Less Than 1% Of Corpus 1.35
Derivatives,Cash and Other Receivables 7.07
Grand Total 100.00
Portfolio composition As On July 31, 2010
figures in % Volatility Measures
Derivatives,
Cash and Other
Receivables Beta 0.9408
7.07% Standard Deviation 5.2124
NAV as on July 30, 2010 Rs
Reliance Banking Fund-Retail Growth Plan 94.7459
Reliance Banking Fund-Retail Bonus Plan 94.7442
Reliance Banking Fund
-Institutional Dividend Plan 91.8461
dividend HIstory
Date Rate Cum *Ex-
(Re/ Dividend Dividend
Unit) NAV NAV
November 25, 2003 1.00 13.32 12.31
March 28, 2005 3.00 23.26 19.94
December 29, 2005 4.00 25.05 21.35
March 30, 2006 5.00 21.16 16.32
February 21, 2007 2.00 19.57 17.24
November 5, 2007 2.00 27.85 25.85
August 28, 2009 2.00 27.26 25.26
Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend
distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and
distribution taxes, if any. Performance of Dividend Plan/Option would be
net of applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the
mark to market impact also.
PERFORMANCE OF RELIANCE BANKING FUND
VS S&P CNX BANK INDEX as on July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 months 28.82 21.67
1 Year 53.36 40.86
3 Years 24.90 14.59
5 Yrs 25.31 19.67
Since Inception 36.67 30.44
"Returns are of Retail Plan - Growth Plan. Returns less than one year are
absolute returns and returns of one year and more are compounded
annualized returns. Calculations assume all payouts during the period have
been reinvested in the units of the scheme at the prevailing NAV. Past
performance may or may not be sustained in the future."

SIP Return
as on July 30, 2010
Period 1 Year 3 Year 5 Year Since Inception
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 May 28, 2003
Current NAV (As on July 30, 2010) 94.75 94.75 94.75 94.75
Total No. of units accumulated 156.62 656.07 1379.74 3012.90
Equities
92.93% Total Amount Invested in Rs. 12000 36000 60000 87000
Market Value if invested in Scheme in Rs. 14839.00 62159.58 130724.46 285459.87
Market Value if invested in Benchmark in Rs. 14104.91 55966.17 108512.09 224008.59
Return on SIP in Scheme 49.50% 39.65% 32.09% 32.41%
Return on SIP in Benchmark (S&P CNX Banks Index) 36.12% 31.46% 24.18% 25.75%
Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out
on Microsoft Excel spreadsheet function known as XIRR.
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the
concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does
not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other
investments. SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

Reliance Fund Data

Type . . . . . . . An Open Ended Power Sector Scheme

Diversified Power
Sector Fund
investment objective
The primary investment objective of the scheme is to
seek to generate continous returns by actively
investing in equity and equity-related or fixed-income
securities of Power and other associated companies.
Date of allotment: . . . . . . . . . . . . . . . May 8, 2004
Inception Date . . . . . . . . . . . . . . . . . May 10, 2004
Corpus: . . . . . . . . . 5234.91 crore (July 31, 2010)
Minimum Investment . . . Retail Plan - Rs 5,000 & in
multiples of Re 1 thereafter
. . . . . . . . . . . . . . . . . . . Institutional Plan - Rs 5 cr
& in multiples of Re 1 thereafter
Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania
Entry Load* . . . . . . . . . . . . . . . . . . Retail Plan - Nil
. . . . . . . . . . . . . . . . . . . . . . . Institutional Plan - Nil
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . .
Retail Plan & Institutional Plan
• 1% if redeemed or switched out on or before
completion of 1 year from the date of allotment of
units.
• Nil if redeemed or switched out after completion of
1 year from the date of allotment of units.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Benchmark . . . . . . . . . . . . . . . . . . India Power Index
Portfolio of Reliance DIVERSIFIED POWER 
SECTOR Fund
as on July 31, 2010
Holdings Weightage (%)
Equities 94.10
Torrent Power Ltd. 6.62
contd...
Fundamentals August 2010 15
 Cummins India Ltd. 5.40 NAV as on July 30, 2010 Rs
Equity: Sector Reliance Infrastructure Ltd. 4.92

Reliance Tata Power Co. Ltd.

Adani Power Ltd.
3.91
3.74
Reliance Diversified Power Sector
Growth Plan
Fund-
82.0522
ICICI Bank Ltd. 3.67
Diversified Power Jindal Steel & Power Ltd.
PTC India Ltd.
3.47
3.37
Reliance Diversified Power Sector
Bonus Plan
Fund-
82.0523
Reliance Diversified Power Sector Fund-
Sector Fund
Oil & Natural Gas Corporation Ltd. 3.32
Jaiprakash Associates Ltd. 3.28 Dividend Plan 48.4317
Siemens Ltd. 3.09 Reliance Diversified Power Sector Fund-
Crompton Greaves Ltd. 2.96 Institutional Growth Plan 80.3203
NTPC Ltd. 2.71 Reliance Diversified Power Sector Fund-
Larsen & Toubro Ltd. 2.61 Institutional Dividend Plan 77.7415
Sterlite Technologies Ltd 2.58
ABB Ltd 2.48
Bajaj Electricals Ltd. 2.31 dividend HIstory
BGR Energy Systems Ltd. 2.29 Date Rate Cum *Ex-
KEC International Ltd. 2.06 (Re/ Dividend Dividend
Sterlite Industries Ltd. 2.01 Unit) NAV NAV
JSL Ltd. 1.92
December 29, 2005 4.00 22.7957 18.9886
Thermax India Ltd. 1.67
Rural Electrification Corp Ltd 1.65 February 21, 2007 2.50 30.4120 27.4754
Reliance Power Ltd. 1.63 August 17, 2007 3.00 35.0854 32.5381
IDFC Ltd. 1.57 March 28, 2008 1.50 44.8514 42.1742
Alstom Projects India Ltd. 1.45 March 26, 2009 2.00 27.1657 25.3848
Kirloskar Brothers Ltd 1.43 March 30, 2010 2.50 49.1336 46.7484
Jyoti Structures Ltd. 1.39 "Past performance may or may not be sustained in the future; Dividend
Reliance Industries Ltd. 1.37 distribution is subject to availability & adequacy of distributable surplus. The
Hindustan Petroleum Corporation Ltd. 1.33 Mutual Fund is not assuring that it will make periodical dividend distributions,
though it has every intention of doing so. After the payment of dividend, the
Voltamp Transformers Ltd. 1.25 per unit NAV falls to the extent of the dividend payout and distribution
Prakash Industries Ltd. 1.10 taxes, if any. Performance of Dividend Plan/Option would be net of
Adani Enterprises Ltd. 1.04 applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the
Equity Less Than 1% Of Corpus 8.51 mark to market impact also. "
Cash and Other Receivables 5.90
Grand Total 100.00 PERFORMANCE OF RELIANCE DIVERSIFIED
POWER SECTOR FUND VS INDIA POWER INDEX
Volatility Measures as on July 30, 2010

Beta 0.8506 Period Returns of Returns of

Standard Deviation 4.3887 Scheme (%) Benchmark (%)
R Squared 0.8723 6 months 9.19 -1.44
Sharpe Ratio 0.0841 1 Year 22.38 3.11
Portfolio Turnover Ratio 0.31 3 Years 20.85 5.73
Note: The above measures have been calculated by taking rolling return for a 5 Years 35.64 19.87
3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as Since Inception 40.14 20.56
91days T-bill yield as on July 30, 2010)
Returns are of Retail Plan - Growth Plan. Returns less than one year are
absolute returns and returns of one year and more are compounded annual-
ized returns. Calculations assume all payouts during the period have been
reinvested in the units of the scheme at the prevailing NAV.
Portfolio composition As On July 31, 2010 Past performance may or may not be sustained in the future
figures in %
Cash and Other SIP Return
Receivables
5.90%
as on July 30, 2010
Period 1 Year 3 Year 5 Year Since inception
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 May 10, 2004
Current NAV (As on July 30, 2010) 82.05 82.05 82.05 82.05
Total No. of units accumulated 156.63 609.82 1475.56 2710.85
Total Amount Invested in Rs. 12000 36000 60000 75000
Market Value if invested in Scheme in Rs. 12852.19 50037.10 121073.11 222430.84
Equities
94.10% Market Value if invested in Benchmark in Rs. 12040.37 40784.06 82598.64 130176.81
Return on SIP in Scheme 14.20% 23.03% 28.81% 35.10%
Return on SIP in Benchmark (India Power Index) 0.66% 8.43% 12.88% 17.61%
Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out
on Microsoft Excel spreadsheet function known as XIRR.
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the
concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does
not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other
investments. SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

Reliance Fund Data

Type . . . . . . An Open Ended Media & Entertainment
various factors including the service rendered by the
distributor.
Benchmark . . . S&P CNX Media & Entertainment Index
Media & Sector Scheme
Date of allotment: . . . . . . . . . September 30, 2004
Portfolio of Reliance MEDIA &

Entertainment Fund
investment objective
The primary investment objective of the scheme is
togenerate continous returns by investing in equity
and equity-related or fixed-income securities of
Media & Entertainment and other associated
companies.
Inception Date . . . . . . . . . . . . . . . October 7, 2004
Corpus . . . . . . . . . . . . . 119.23 crore (July 31, 2010)
Minimum Investment . . . . . . . . . . . . . . . . Rs 5,000
Fund Manager . . . . . . . . . . . . . . . . . . Sailesh Rajbhan
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . - Nil
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Equities 98.59
• 1% if redeemed or switched out on or before
completion of 1 year from the date of allotment of
units.
• Nil if redeemed or switched out after completion of
1 year from the date of allotment of units.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
ENTERTAINMENT Fund
as on July 31, 2010
Holdings Weightage (%)
Zee Entertainment Enterprises Ltd 14.91
Dish TV India Ltd. 11.77
Hinduja Ventures Ltd. 10.03
Sun Tv Network Ltd. 9.53
Jagran Prakashan Ltd 8.54
PVR Ltd. 6.45
Balaji Telefilms Ltd. 6.03
Network 18 Media And Investments Lt 5.96
Hathway Cable And Datacom Ltd. 5.86
HT Media Ltd. 5.44
contd...

16 Fundamentals August 2010

 dividend HIstory
Equity: Sector DB Corp Ltd. 4.11
Wire and Wireless India Ltd. 3.54
Date Rate Cum *Ex-
Reliance Info Edge India Ltd.
Hindustan Media Ventures Ltd.
2.34
2.26


(Re/ Dividend Dividend
Unit) NAV NAV

Media &
ETC Networks Ltd. 1.03 December 29, 2005 1.00 15.3538 14.5695
Equity Less Than 1% Of Corpus 0.81 January 29, 2007 2.50 23.2086 20.2771
Preference Shares,Cash March 28, 2008 1.50 23.3321 21.6013
Entertainment Fund and Other Receivables
Grand Total
1.41
100.00
September 18, 2009 1.50 18.4531 17.3196
Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend distributions,
Volatility Measures though it has every intention of doing so. After the payment of dividend, the
per unit NAV falls to the extent of the dividend payout and distribution
Beta 0.8300 taxes, if any. Performance of Dividend Plan/Option would be net of
Standard Deviation 4.9905 applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark
R Squared 0.6423 to market impact also.
Sharpe Ratio 0.0006
Portfolio Turnover Ratio 0.66 PERFORMANCE OF RELIANCE MEDIA &
Note: The above measures have been calculated by taking rolling return for a ENTERTAINMENT FUND VS S&P CNX MEDIA &
3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
91days T-bill yield as on July 30, 2010) ENTERTAINMENT INDEX AS ON July 30, 2010

NAV as on July 30, 2010 Rs Period Returns of Returns of

Scheme (%) Benchmark (%)
Reliance Media & Entertainment Fund-
6 Months 11.25 9.47
Growth Plan 28.4943
1 Year 42.18 43.96
Reliance Media & Entertainment Fund- 3 Years -1.34 -9.52
Portfolio composition As On July 31, 2010 Bonus Plan 28.4944 5 Years 14.15 10.74
Reliance Media & Entertainment Fund- Since Inception 19.72 14.99
figures in %
Dividend Plan 20.4867 "Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Preference Shares,
Calculations assume all payouts during the period have been reinvested in
Cash and Other
Receivables the units of the scheme at the prevailing NAV. Past performance may or
1.41% may not be sustained in the future."

SIP Return

as on July 30, 2010

Period 1 Year 3 Year 5 Years Since inception
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 October 7, 2004
Equities Current NAV (As on July 30, 2010) 28.49 28.49 28.49 28.49
98.59% Total No. of units accumulated 473.92 1608.45 2875.63 3783.76
Total Amount Invested in Rs. 12000 36000 60000 70000
Market Value if invested in Scheme in Rs. 13504.12 45831.74 81939.00 107815.46
Market Value if invested in Benchmark in Rs. 13793.62 47187.50 79117.30 100532.98
Return on SIP in Scheme 25.46% 16.64% 12.55% 14.83%
Return on SIP in Benchmark (S&P CNX Media & Entertainment) 30.56% 18.74% 11.13% 12.41%
Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out
on Microsoft Excel spreadsheet function known as XIRR.
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that load
has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the concept
of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure
any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.
SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

Reliance Fund Data Cipla Ltd.

Divi's Laboratories Ltd.
6.48
5.96

Pharma Fund
Type . . . . . . An Open Ended Pharma Sector Scheme
Date of Allotment . . . . . . . . . . . . . . . . June 5, 2004
Inception Date . . . . . . . . . . . . . . . . . . June 8, 2004
Corpus . . . . . . . . . . . . 503.59 crore (July 31, 2010)
investment objective
Minimum Investment . . . . . . . . . . . . . . . . Rs 5,000
The primary investment objective of the scheme is to Fund Manager . . . . . . . . . . . . . . . . . . Sailesh Rajbhan
seek to generate consistent returns by investing in Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . - Nil
equity and equity related or fixed income securities of Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . . Biocon Ltd. 3.07
Pharma and other associated companies . • 1% if redeemed or switched out on or before
completion of 1 year from the date of allotment of
Portfolio composition As On July 31, 2010 units.
• Nil if redeemed or switched out after completion of
figures in % 1 year from the date of allotment of units
Cash and Other
Receivables * In terms of SEBI circular no. SEBI/IMD/CIR No.4/
9.25%
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Equities Benchmark . . . . . . . . . . . . . . BSE Health Care Index
90.75%
Portfolio of Reliance PHARMA Fund
as on July 31, 2010
Lupin Ltd. 5.59
Astrazeneca Pharma India Ltd. 5.08
Zydus Wellness Ltd 5.01
Torrent Pharmaceuticals Ltd. 4.51
Fulford India Ltd. 4.49
Ranbaxy Laboratories Ltd. 4.46
Cadila Healthcare Ltd. 4.32
Sun Pharma Advance Research Co Ltd 2.79
Apollo Hospitals Enterprise Ltd 2.43
Fresenius Kabi Oncology Ltd 2.40
Glaxosmithkline Pharmaceuticals Ltd. 1.92
Equity Less Than 1% Of Corpus 1.85
Cash and Other Receivables 9.25
Grand Total 100.00
Volatility Measures
Beta 0.6183
Standard Deviation 3.9416
R Squared 0.5715
Sharpe Ratio 0.1153
Portfolio Turnover Ratio 0.27
Note: The above measures have been calculated by taking rolling return for
a 3 year period from July 30, 2007 with 5.70% Risk Free returns (taken as
91days T-bill yield as on July 30, 2010)

Holdings Weightage (%)

Equities 90.75 NAV as on July 30, 2010 Rs
Sun Pharmaceutical Industries Ltd. 8.90
Reliance Pharma Fund-Growth Plan 52.2583
Wyeth Ltd. 7.87
Reliance Pharma Fund-Bonus Plan 52.2589
Aventis Pharma Ltd. 6.90 Reliance Pharma Fund-Dividend Plan 38.9780
Indoco Remedies Ltd. 6.72

contd...
Fundamentals August 2010 17
 dividend HIstory PERFORMANCE OF RELIANCE PHARMA FUND
Equity: Sector Date Rate Cum *Ex-
VS BSE - HEALTH CARE INDEX as on
July 30, 2010

Reliance
(Re/ Dividend Dividend
Unit) NAV NAV Period Returns of Returns of
December 19, 2005 1.00 16.8681 15.8674 Scheme (%) Benchmark (%)
Pharma Fund February 21, 2007
March 19, 2008
1.50
1.50
19.1030 17.5537
17.5487 15.9285
6 months
1 Year
23.21
84.25
17.46
47.67
August 28, 2009 1.50 25.4824 23.9825 3 Years 25.91 14.96
Past performance may or may not be sustained in the future; Dividend 5 Years 29.02 14.06
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend distributions,
Since Inception 30.87 16.03
though it has every intention of doing so. After the payment of dividend, the "Returns are of Growth Plan. Returns less than one year are absolute returns
per unit NAV falls to the extent of the dividend payout and distribution and returns of one year and more are compounded annualized returns.
taxes, if any. Performance of Dividend Plan/Option would be net of Calculations assume all payouts during the period have been reinvested in
applicable statutory levy, if any the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
* NAV on the 1st transaction day after Record Date, which includes the
mark to market impact also.

SIP Return
as on July 30, 2010
Period 1 Year 3 Year 5 Year Since Inception
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 June 8, 2004
Current NAV (As on July 30, 2010) 52.26 52.26 52.26 52.26
Total No. of units accumulated 290.51 1371.39 2661.41 3847.24
Total Amount Invested in Rs. 12000 36000 60000 74000
Market Value if invested in Scheme in Rs. 15181.40 71666.68 139080.65 201049.97
Market Value if invested in Benchmark in Rs. 13930.32 52282.04 91195.12 121854.24
Return on SIP in Scheme 55.87% 51.23% 34.76% 32.69%
Return on SIP in Benchmark (BSE HC) 32.99% 26.29% 16.95% 16.15%
Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked
out on Microsoft Excel spreadsheet function known as XIRR.
b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the
concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does
not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other
investments. SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

Equity: Tax Saver

Fund Data Madras Cements Ltd. 1.79

Reliance Type . . . . An Open Ended Equity Linked Savings Scheme

Bharat Petroleum Corporation Ltd.
Gammon India Ltd.
1.69
1.69
Swaraj Mazda Ltd. 1.66
Tax Saver (ELSS) Date of allotment . . . . . . . . . . September 21, 2005
Inception Date . . . . . . . . . . . . September 22, 2005 Sobha Developers Ltd.
KSB Pumps Ltd.
1.64
1.59
Corpus . . . . . . . . . Rs 2276.12 crore (July 31, 2010)
Fund Minimum Investment . . . . . . . Rs 500 & in multiples
. . . . . . . . . . . . . . . . . . . . . . . . of Rs 500 thereafter
Hindustan Petroleum Corporation Ltd.
United Spirits Ltd.
1.50
1.35
Trent Ltd. 1.26
investment objective Fund Manager . . . . . . . . . . . . . . . . . . Ashwani Kumar Shoppers Stop Ltd. 1.23
The primary objective of the scheme is to generate Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Cox and Kings India Ltd 1.16
long term capital appreciation from a portfolio that is Exit Load . . . . . . . . . . Nil (Lock in Period of 3 Years) Hathway Cable And Datacom Ltd. 1.07
invested predominantly in equity and equity-related * In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Equity Less Than 1% Of Corpus 7.18
instruments. 168230/09 dated June 30, 2009, no entry load will IDR, Cash and Other Receivables 4.99
be charged by the Scheme to the investor effective Grand Total 100.00
Sector Allocation As On July 31, 2010 August 1, 2009. Upfront commission shall be paid
TEXTILE
directly by the investor to the AMFI registered Volatility Measures
0.20%

TRANSPORTATION 1.16%
Distributors based on the investors' assessment of
CONSTRUCTION 1.64%
various factors including the service rendered by the Beta 0.7923
CONSTRUCTION PROJECT 1.69%
distributor. Standard Deviation 4.1468
FERROUS METALS 2.12% Benchmark . . . . . . . . . . . . . . . . . . . . . . . . . BSE 100 R Squared 0.8477
RETAILING 2.69% Sharpe Ratio 0.0424
OIL 3.10% Portfolio of Reliance TAX SAVER (elss) Fund Portfolio Turnover Ratio 1.12
MISCELLANEOUS 3.85%
Note: The above measures have been calculated by taking rolling return for
CEMENT 3.87%
as on July 31, 2010 a 3-year period from July 30, 2007 with 5.70% Risk Free returns (taken as
Holdings Weightage (%)
MEDIA & ENTERTAINMENT 4.17%
91days T-bill yield as on July 30, 2010)
PETROLEUM PRODUCTS 4.18%

FINANCE 4.53%
Equities 95.01
INDUSTRIAL CAPITAL
4.98%
State Bank Of India 7.15 NAV as on July 30, 2010 Rs
HDFC Bank Ltd. 4.67
GOODS

SOFTWARE 5.19%

AUTO 5.99%
Eicher Motors Ltd. 4.32 Reliance Tax Saver (ELSS) Fund-Growth Plan 20.5253
AUTO ANCILLARIES 6.02%
NTPC Ltd. 4.29 Reliance Tax Saver (ELSS) Fund-Dividend Plan 16.0012
CONSUMER NON
6.38%
Indian Metal And Ferro Alloys Limit 3.85
DURABLES

Oil India Ltd. 3.10

POWER 6.95%
dividend HIstory
PHARMACEUTICALS 7.22%
Cummins India Ltd. 2.88
INDUSTRIAL PRODUCTS 7.26%
Siemens Ltd. 2.84 Date Rate Cum *Ex-
BANKS 11.82%
Aventis Pharma Ltd. 2.66 (Re/ Dividend Dividend
Industry Classification as per AMFI. Tata Consultancy Services Ltd. 2.58 Unit) NAV NAV
Power Finance Corporation Ltd. 2.52 August 28, 2009 1.50 13.55 12.05
PERFORMANCE OF RELIANCE TAX SAVER Divi's Laboratories Ltd. 2.33 February 21, 2007 1.00 14.69 13.52
(ELSS) FUND vs BSE 100 INDEX AS ON Cipla Ltd. 2.23 November 5, 2007 1.00 17.08 16.08
July 30, 2010 Triveni Engeering & Industries Ltd. 2.19 Past performance may or may not be sustained in the future; Dividend
ITC Ltd 2.17 distribution is subject to availability & adequacy of distributable surplus. The
Period Returns of Returns of ABB Ltd 2.14 Mutual Fund is not assuring that it will make periodical dividend
distributions, though it has every intention of doing so. After the payment of
Scheme (%) Benchmark (%) Tata Steel Ltd. 2.12 dividend, the per unit NAV falls to the extent of the dividend payout and
6 Months 16.20 9.75 Torrent Power Ltd. 2.12 distribution taxes, if any. Performance of Dividend Plan/Option would be

1 Year 36.02 18.64 Jaiprakash Associates Ltd. 2.08 net of applicable statutory levy, if any

Info Edge India Ltd. 2.07 * NAV on the 1st transaction day after Record Date, which includes the
3 Years 9.69 6.79 mark to market impact also.
Federal Mogal Goetze Ltd. 2.06
5 Years N.A. N.A.
Swaraj Engines Ltd 2.02
Since Inception 16.08 17.59
Bajaj Auto Finance Ltd. 2.01
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Zee Entertainment Enterprises Ltd 1.95
Calculations assume all payouts during the period have been reinvested in the Motherson Sumi Systems Ltd. 1.83
units of the scheme at the prevailing NAV. Past performance may or may
contd...
not be sustained in the future."

18 Fundamentals August 2010

Equity: Tax Saver SIP Return
as on July 30, 2010
Portfolio composition As On July 31, 2010 Period 1 Year 3 Year 5 Year Since Inception
SIP Start Date August 1, 2009 August 1, 2007 August 1, 2005 June 9, 2005
figures in %
Current NAV (As on July 30, 2010) 30.32 30.32 30.32 30.32
IDR, Cash and
Other Receivables Total No. of units accumulated 441.07 1774.21 3708.14 3907.58
4.99%
Total Amount Invested in Rs. 12000 36000 60000 62000
Market Value if invested in Scheme in Rs. 13371.13 53785.70 112413.26 118459.33
Market Value if invested in Benchmark in Rs. 12792.88 45981.45 86183.49 91208.17
Return on SIP in Scheme 23.13% 28.43% 25.67% 25.55%
Return on SIP in Benchmark (BSE 100) 13.19% 16.87% 14.62% 15.07%
Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked
out on Microsoft Excel spreadsheet function known as XIRR.
Equities b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.
95.01% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that
load has not been taken into consideration.
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the
concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does
not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other
investments. SIP does not guarantee or assure any protection against losses in declining market conditions. Past performance may or may not be sustained in future.

Reliance
Warrants,Cash and Other Receivables 11.77
Fund Data
Grand Total 100.00

Equity Linked Saving

Type . . . . . . . . . A 10 Year Close Ended Equity Linked Volatility Measures
Savings Scheme
Date of allotment . . . . . . . . . . . . . March 31, 2008 Beta 0.7443
Fund – Series I Inception Date . . . . . . . . . . . . . . . . . . April 1, 2008
Corpus: . . . . . . . . . Rs 187.06 crore (July 31, 2010)
Standard Deviation
R Squared
3.7497
0.8691
Minimum Investment . . . . . . . . . . . Rs 500/- and in Sharpe Ratio 0.0817
investment objective multiples of Rs 500/- thereafter Portfolio Turnover Ratio 0.73
The primary objective of the scheme is to generate Fund Manager . . . . . . . . . . . . . . . . . Sailesh Raj Bhan Note: The above measures have been calculated by taking rolling return
long-term capital appreciation from a portfolio that is Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil since inception with 5.70% Risk Free returns (taken as 91days T-bill yield
invested predominantly in equities along with income Exit Load** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil as on July 30, 2010)
tax benefit. * In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will NAV as on July 30, 2010 Rs

Portfolio composition As On July 31, 2010 be charged by the Scheme to the investor effective Reliance Equity Linked Saving Fund-
August 1, 2009. Upfront commission shall be paid Series I-Growth Plan 14.5243
Warrants,
Cash and Other figures in % directly by the investor to the AMFI registered Reliance Equity Linked Saving Fund-
Receivables Distributors based on the investors' assessment of Series I-Dividend Plan 14.5243
11.77%
various factors including the service rendered by the
distributor. performance of RELIANCE EQUITY LINKED 
**In accordance with the SEBI (MFs) Regulations, SAVING FUND - SERIES I - Growth vs BSE 100
1996, NFO expenses not exceeding 6% of the as on July 30, 2010
amount mobilised, will be charged to the scheme and
will be amortised over a period of 10 years. If the Period Returns of Returns of
Equities investor opts for the redemption before the Scheme (%) Benchmark (%)
88.23%
completion of 10 years, proportionate unamortized 6 Months 19.32 9.75
portion of the NFO expenses outstanding as on the 1 Year 43.31 18.64
date of the redemption shall be recovered from such 3 Years N.A. N.A.
investor. 5 Years N.A. N.A.
Since Inception 17.22 6.65
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index
Returns of the Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Portfolio of Reliance EQUITY LINKED Calculations assume that all payouts during the period have been reinvested
in the units of the scheme at the then prevailing NAV. Past performance
SAVING Fund – Series I may or may not be sustained in the future.

as on July 31, 2010

Holdings Weightage (%)
Sector Allocation As On July 31, 2010 Equities 88.23
Fulford India Ltd. 7.27
POWER 1.94% Astrazeneca Pharma India Ltd. 6.87
FERROUS METALS 2.02% Tata Consultancy Services Ltd. 6.29
Hikal Ltd. 6.15
TELECOM - SERVICES 2.05% Divi's Laboratories Ltd. 5.61
CONSUMER DURABLES 2.36% Nava Bharat Ventures Ltd. 4.28
State Bank Of India 4.01
AUTO 2.84%
Coromandel International Ltd. 3.86
CONSTRUCTION PROJECT 2.88% Reliance Industries Ltd. 3.79
HCL Technologies Ltd. 3.67
PETROLEUM PRODUCTS 3.79%
HDFC Bank Ltd. 3.41
MINERALS/MINING 4.28% Graphite India Ltd. 3.01
RETAILING SKF India Ltd. 2.92
4.84%
Larsen & Toubro Ltd. 2.88
INDUSTRIAL PRODUCTS 5.92% Ashok Leyland Ltd. 2.84
PESTICIDES Pantaloon Retail (India) Ltd. 2.84
6.15%
DCM Shriram Consolidated Ltd. 2.60
FERTILISERS 6.46% Sasken Communication Technologies 2.53
BANKS 9.84% ICICI Bank Ltd. 2.42
Blue Star Ltd. 2.36
SOFTWARE 13.10% Bharti Airtel Ltd. 2.05
PHARMACEUTICALS 19.75% Ratnamani Metals & Tubes Ltd 2.02
Torrent Power Ltd. 1.94
Industry Classification as per AMFI. Trent Ltd. 1.73
Equity Less Than 1% Of Corpus 0.89

Fundamentals August 2010 19

 Fund Data Kesoram Industries Ltd. PR1+ By Care 0.28
Debt : Liquid Apollo Tyres Ltd P1+ 0.01
Type . . . . . . . . . . . . . An Open Ended Liquid Scheme Floating Rate Note 2.18

Reliance Date of allotment . . . . . . . . . . . . . . . June 16, 2005

Inception Date . . . . . . . . . . . . . . . . . June 16, 2005
Liquidity Fund Corpus . . . . . . . . . Rs 7165.97 crore (July 31, 2010)
Minimum Investment . . Rs 5 crore for all investors &
in multiples of Re 1 thereafter
investment objective Fund Manager . . . . . . . . Amit Tripathi & Anju Chhajer
The investment objective of the Scheme is to Weighted Average YTM . . . . . . . . . . . . . . . . 5.65% Enam Finance Private Ltd. A1+(SO) By Icra 0.49
generate optimal returns consistent with moderate Modified Duration . . . . . . . . . . . . . . . . . 0.11 Years Kotak Mahindra Invest. Ltd. A1+ By Icra 0.35
levels of risk and high liquidity. Accordingly, Weighted Avg. Maturity . . . . . . . . . . . . . 0.12 Years
investments shall predominantly be made in Debt and Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Money Market Instruments. Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index
Portfolio of reliance liquidity Fund
as on July 31, 2010
Holdings Rating Weigh-
tage(%)
Certificate of Deposit 64.85
ICICI Bank Ltd. A1+ By Icra 7.79
Oriental Bank Of Commerce P1+ 6.53
Corporation Bank P1+ 5.19
Punjab National Bank PR1+ By Care 4.96
Kotak Mahindra Bank Ltd. P1+ 4.50
Central Bank Of India P1+ 4.35
Allahabad Bank A1+ By Icra 4.01
Punjab & Sindh Bank Ltd A1+ By Icra 3.96
Syndicate Bank Ltd. PR1+ By Care 3.81
State Bank Of Patiala A1+ By Icra 2.98
Central Bank Of India PR1+ By Care 2.78
IDBI Bank Ltd P1+ 2.75
Andhra Bank Ltd PR1+ By Care 2.75
State Bank Of Bikaner & Jaipur P1+ 2.01
Karur Vysya Bank Ltd. A1+ By Icra 1.32
State Bank Of Hyderabad A1+ By Icra 1.25
UCO Bank P1+ 1.05
Jammu & Kashmir Bank Ltd. P1+ 1.04
Union Bank Of India P1+ 0.48
United Bank Of India Ltd. A1+ By Icra 0.35
Allahabad Bank P1+ 0.35
Ing Vysya Bank Ltd. P1+ 0.35
Vijaya Bank PR1+ By Care 0.22
State Bank Of Indore P1+ 0.07
Commercial Paper 18.12
Indian Oil Corporation Ltd. P1+ 5.90
Indiabulls Financial Services Ltd P1+ 1.39
L & T Infra. Finance Co Ltd A1+ By Icra 1.39
L&T Finance Ltd PR1+ By Care 1.39
Morgan Stanley (I) 3 Months 1.26 1.13
Capital Pvt Ltd F1+(Ind) By Fitch 1.25
Religare Finvest Ltd. A1+ By Icra 1.24
ECL Finance Ltd. A1+ By Icra 0.70
Edelweiss Capital Ltd. P1+ 0.70
Indiabulls Securities Ltd. P1+ 0.70
Mahindra & Mahindra Fin Ser Ltd. P1+ 0.69
J M Financial Products Private Ltd. P1+ 0.55
I L & F S Ltd. PR1+ By Care 0.48
Portfolio composition As On July 31, 2010 HDB Financial Services Ltd. PR1+ By Care 0.42
Reliance Industries Ltd. P1+ 0.35
figures in %
Finance - Asset
SIDBI PR1+ By Care 0.35
Financial Cement
Backed
Institutions 0.28% 0.27%
Auto Ancillaries
0.01%
SKS Microfinance Ltd. PR1+ By Care 0.34
Miscellaneous 0.40%
4.59%
G E Money Financial Services Ltd.
Sundaram Finance Ltd.
IDBI Bank Ltd
AAA 0.70
LAA+ By Icra 0.70
AA+ 0.26
Export Import Bank Of India
Indian Railway Finance Corpn. Ltd.
AAA 0.21
AAA 0.20
Power Finance Corporation Ltd. AAA 0.12
Non Convertible Debentures 2.37
India Infoline Invest. Serv Ltd A1+ By Icra 1.40
ICICI Home Finance Co. Ltd. LAAA By Icra 0.14
Pass Through Certificates 0.31
Indian Infra Equp Rec
Trust July 09 AAA(Ind)(SO) By Fitch 0.13
Invt Vehicle For Structure Tr 1208 AAA(SO) 0.13
Shriram Transport
Finance Co Ltd. AA(Ind)(SO) By Fitch 0.05
Cash and Other Receivables 12.16
Grand Total 100.00
NAV as on July 30, 2010 Rs
Reliance Liquidity Fund-Daily Dividend Plan 10.0051
Reliance Liquidity Fund-Weekly Dividend Plan 10.0035
Reliance Liquidity Fund-Growth Plan 14.0913
Maturity Profile
Year Weightage(%)
Below 3 months 87.84
Cash & Other Receivables 12.16
Grand Total 100.00
Rating Profile
Rating Weightage(%)
P1+ 38.96
A1+ 26.73
A1+(SO) 0.49
F1+(IND) 1.25
PR1+ 17.78
AAA 1.22
LAAA 0.14
AAA(SO) 0.13
AAA(IND)(SO) 0.13
AA+ 0.26
LAA+ 0.70
AA(IND)(SO) 0.05
Cash & Other Receivables 12.16
Grand Total 100.00
PERFORMANCE OF RELIANCE LIQUIDITY
FUND VS CRISIL LIQUID FUND INDEX AS ON
July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
7 Days 0.10 0.10
15 Days 0.21 0.20
30 Days 0.45 0.43
6 Months 2.35 2.10
1 Year 4.53 3.54
3 Years 6.90 6.06
5 Years 6.95 6.21
Since Inception 6.92 6.17
"Returns are of Growth Plan. Returns less than one year are absolute
returns and returns of one year and more are compounded annualized
returns. Calculations assume all payouts during the period have been rein-
vested in the units of the scheme at the prevailing NAV. Past performance
may or may not be sustained in the future."

Petroleum
Products
dividend HIstory
6.25%

Date(DD/MM/YY) Rate Cum Dividend EX Dividend

Banks (Re/ Unit) NAV NAV*
65.46%
Finance Reliance Liquidity Fund - Weekly Dividend
10.58%
July 30, 2010 0.0082 10.0140 10.0035
July 23, 2010 0.0082 10.0140 10.0035
July 16, 2010 0.0084 10.0142 10.0035
July 9, 2010 0.0080 10.0137 10.0035
July 2, 2010 0.0080 10.0137 10.0035
Cash & Other
Receivables Reliance Liquidity Fund - Monthly Dividend
12.16%
November 25, 2008 0.0402 12.8956 12.8440
February 25, 2008 0.0534 10.7585 10.6900
January 25, 2008 0.0413 10.7387 10.6857
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus.
The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option would be net of
applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

20 Fundamentals August 2010

Debt : Liquid Fund Data Reliance Liquid Fund - Treasury Plan -
Weekly Dividend Plan 10.3417

Reliance
Type . . . . . . . . . . . . . An Open Ended Liquid Scheme Reliance Liquid Fund - Treasury Plan -
Date of allotment . . . . . . . . . . . . . March 18, 1998 Monthly Dividend Plan 13.3141
Inception Date . . . . . . . . . . . . . . . March 23, 1998 Reliance Liquid Fund - Treasury Plan -
Liquid Fund Corpus . . . . . . . . . Rs 1905.89 crore (July 31, 2010)
Minimum Investment . . . . . . . Retail Plan: Rs. 5,000
Quarterly Dividend Plan
Reliance Liquid Fund - Treasury Plan -
12.2064

- Treasury Plan & in multiples of Re 1 thereafter

. . . . . . . . . . . . . Institutional Plan: Rs. 1,00,00,000
Growth Plan
Reliance Liquid Fund - Treasury Plan -
22.4128

& in multiples of Re 1 thereafter Institutional Daily Dividend Plan 15.2874

investment objective
The primary investment objective of the scheme is to
generate optimal returns consistent with moderate
levels of risk and high liquidity. Accordingly,
investments shall predominantly be made in Debt and
Money Market Instruments
Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple Reliance Liquid Fund - Treasury Plan -
Weighted Average YTM . . . . . . . . . . . . . . . . 5.08% Institutional Weekly Dividend Plan 15.3030
Modified Duration . . . . . . . . . . . . . . . . . . 0.07 Years Reliance Liquid Fund - Treasury Plan -
Weighted Avg. Maturity . . . . . . . . . . . . . . 0.07 Years Institutional Monthly Dividend Plan 21.7530
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Reliance Liquid Fund - Treasury Plan -
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Institutional Growth Plan 22.8135
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will Maturity Profile
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid Year Weightage (%)
directly by the investor to the AMFI registered Below 3 months 60.09
Distributors based on the investors' assessment of Cash & Other Receivables 39.91
various factors including the service rendered by the Grand Total 100.00
distributor.
Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index Rating Profile

Portfolio of Reliance LIQUID fund - Rating Weightage (%)

TREASURY PLAN
as on July 31, 2010
Holdings Rating Weigh- AAA 0.52
tage(%)
Certificate Of Deposit 44.18
Canara Bank PR1+ By Care 10.45
IDBI Bank Ltd P1+ 8.63
ICICI Bank Ltd. A1+ By Icra 7.85
Union Bank Of India A1+ By Icra 5.21
State Bank Of Patiala A1+ By Icra 4.06
Corporation Bank P1+ 3.91
Bank Of Maharashtra. A1+ By Icra 2.61
Punjab National Bank PR1+ By Care 1.27
Syndicate Bank Ltd. PR1+ By Care 0.18
State Bank Of Mysore A1+ By Icra 0.01
Commercial Paper 15.10
Reliance Industries Ltd. P1+ 7.82
J M Financial Products Private Ltd. P1+ 2.60
ICICI Securities Ltd P1+ 1.30
Infina Finance Private Ltd. P1+ 1.29
Edelweiss Capital Ltd. P1+ 0.78
I L & F S Ltd. PR1+ By Care 0.78
Religare Finvest Ltd. A1+ By Icra 0.52
Floating Rate Note 0.52
GE Capital Services India Ltd AAA 0.52
Pass Through Certificates 0.29
Shriram Transport one year are absolute returns and returns of one year and more
Finance Co Ltd. AA(Ind)(SO) By Fitch 0.29
Cash and Other Receivables 39.91
Grand Total 100.00
NAV as on July 30, 2010 Rs
Reliance Liquid Fund - Treasury Plan -
Daily Dividend Plan 15.2428
P1+ 26.33
A1+ 20.26
PR1+ 12.69
AA(IND)(SO) 0.29
Cash & Other Receivables 39.91
Grand Total 100.00
PERFORMANCE OF RELIANCE LIQUID FUND-
TREASURY PLAN VS CRISIL LIQUID FUND INDEX
As On July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
7Days 0.09 0.10
15 Days 0.18 0.20
30 Days 0.39 0.43
3 Months 1.14 1.13
6 Months 2.17 2.10
1 Year 4.32 3.54
3 Years 6.59 6.06
5 Years 6.47 6.21
Since Inception 6.73 N.A.*
"Returns are of Retail Plan - Growth Plan. Returns less than
are compounded annualized returns. Calculations assume all
payouts during the period have been reinvested in the units of
the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
* N.A. denotes non-availability of suitable index at the time of
inception.
Special Feature
Reliance Any Time Money Card

dividend HIstory
Portfolio composition As On July 31, 2010
Date(DD/MM/YY) Rate Cum Dividend EX Dividend
figures in %
Petroleum Products
(Re/ Unit) NAV NAV*
7.82% Reliance Liquid Fund - Treasury Plan - Retail - Monthly Dividend
July 26, 2010 0.0414 13.3599 13.3070
Finance
8.09% June 25, 2010 0.0396 13.3572 13.3067
Banks May 25, 2010 0.0363 13.3531 13.3067
44.18%
Reliance Liquid Fund - Treasury Plan - Retail - Weekly Dividend
July 30, 2010 0.0075 10.3513 10.3417
July 23, 2010 0.0074 10.3512 10.3417
Cash & Other July 16, 2010 0.0073 10.3510 10.3417
Receivables
39.91%
July 9, 2010 0.0074 10.3511 10.3417
July 2, 2010 0.0072 10.3509 10.3417
Reliance Liquid Fund - Treasury Plan - Retail - Quarterly Dividend
June 21, 2010 0.1086 12.2839 12.1453
March 19, 2010 0.0841 12.2531 12.1452
December 21, 2009 0.1004 12.2729 12.1441
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus.
The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option would be net of
applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Fundamentals August 2010 21

 Fund Data Maturity Profile
Debt : Liquid
Type . . . . . . . . . . . . . An Open Ended Liquid Scheme Year Weightage(%)

Reliance Date of allotment . . . . . . . . . . . . December 7, 2001

Inception Date . . . . . . . . . . . . . . December 7, 2001
Cash and Other Receivables 100.00
Grand Total 100.00

Liquid Fund
- Cash Plan
investment objective
The primary investment objective of the scheme is to
generate optimal returns consistent with moderate
levels of risk and high liquidity. Accordingly,
investments shall predominantly be made in Debt and
Money Market Instruments
Corpus . . . . . . . . . . . Rs 34.57 crore (July 31, 2010)
Minimum Investment . . Rs 25,000 & in multiples of Rating Profile
. . . . . . . . . . . . . . . . . . . . . . . . . . . . Re.1 thereafter.
Fund Manager . . . . . . . . . . . . . . . . . . . . Amit Tripathi
Weighted Average YTM . . . . . . . . . . . . . . . . 4.38%
Rating Weightage(%)
Cash and Other Receivables 100.00
Modified Duration . . . . . . . . . . . . . . . . . . 0.00 Years Grand Total 100.00
Weighted Avg. Maturity . . . . . . . . . . . . 0.0027 Years
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil NAV as on July 30, 2010 Rs
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Liquid Cash Plan-Growth Plan 15.2023
168230/09 dated June 30, 2009, no entry load will Reliance Liquid Cash Plan-
be charged by the Scheme to the investor effective Weekly Dividend Plan 10.9169
August 1, 2009. Upfront commission shall be paid Reliance Liquid Cash Plan-
directly by the investor to the AMFI registered Daily Dividend Plan 11.1415
Distributors based on the investors' assessment of
various factors including the service rendered by the PERFORMANCE OF RELIANCE LIQUID FUND -
distributor. CASH PLAN VS CRISIL LIQUID FUND INDEX AS
Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index ON July 30, 2010

Portfolio of Reliance LIQUID FUND - Period Returns of Returns of

CASH PLan Scheme (%) Benchmark (%)
7Days 0.08 0.10
as on July 31, 2010 15 Days 0.18 0.20
Holdings Rating Weigh- 30 Days 0.39 0.43
tage (%) 3 Months 1.05 1.13
6 Months 1.77 2.10
Cash and Other Receivables 100.00
1 Year 3.00 3.54
Grand Total 100.00
3 Years 4.57 6.06
5 years 5.05 6.21
Asset Allocation Since Inception 4.96 N.A.
"Returns are of Growth Plan. Returns less than one year are absolute
returns and returns of one year and more are compounded annualized
Sector Weightage(%) returns. Calculations assume all payouts during the period have been rein-
Cash and Other Receivables 100.00 vested in the units of the scheme at the prevailing NAV. Past performance
may or may not be sustained in the future. N.A. denotes non-availability
Grand Total 100.00 of suitable index at the time of inception."

Special Feature
Reliance Any Time Money Card
dividend HIstory

Date(DD/MM/YY) Rate Cum Dividend EX Dividend

(Re/ Unit) NAV NAV*
July 30, 2010 0.0071 10.9260 10.9169
July 23, 2010 0.0079 10.9270 10.9169
July 16, 2010 0.0080 10.9271 10.9169
July 9, 2010 0.0079 10.9270 10.9169
July 2, 2010 0.0077 10.9267 10.9169
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus.
The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option would be net of
applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Debt : Ultra Short Term Fund Data Portfolio of Reliance floating rate fund -
short Term plan

Reliance Type . . . . . . . . . . . . An Open Ended income Scheme

Date of allotment . . . . . . . . . . . . . August 27, 2004 as on July 31, 2010

Floating Rate Fund

-Short Term Plan
(Formerly Known as Reliance Floating Rate Fund)
investment objective
The primary investment objective of the scheme is to
generate regular income through investment in a Exit Load . . . . . . . 0.25%, if the units are redeemed
portfolio comprising substantially of Floating Rate
Debt Securities (including floating rate securitised
debt, Money Market Instruments and Fixed Rate
Debt Instruments swapped for floating rate returns). 168230/09 dated June 30, 2009, no entry load will
The scheme shall also invest in Fixed Rate Debt
Securities (including floating rate securitised debt, August 1, 2009. Upfront commission shall be paid
Money Market Instruments and Fixed Rate Debt
Instruments swapped for fixed returns).
22 Fundamentals August 2010
Inception Date . . . . . . . . . . . . . September 2, 2004
Corpus . . . . . . . . . Rs 3976.74 crore (July 31, 2010)
Minimum Investment . . . Rs 5,000 & in multiples of
. . . . . . . . . . . . . . . . . . . . . . . . . . . . Re.1 thereafter.
Fund Manager . . . . . . . . . . . . . . . . . . . . Amit Tripathi
Weighted Average YTM . . . . . . . . . . . . . . . . 6.51%
Modified Duration . . . . . . . . . . . . . . . . . . 0.32 Years
Weighted Avg. Maturity . . . . . . . . . . . . . . 0.45 Years
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
within 1 months from the date of allotment (w.e.f.
June 3, 2010). Nil thereafter
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
be charged by the Scheme to the investor effective
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index
Holdings Rating Weigh-
tage(%)
Certificate of Deposit 53.18
ICICI Bank Ltd.
Canara Bank
A1+ By Icra 14.26
P1+ 10.97
HDFC Bank Ltd. PR1+ By Care 6.28
Axis Bank Ltd. P1+ 5.66
Citibank N.A. F1+(Ind) By Fitch 5.60
Bank Of India P1+ 2.70
Punjab & Sindh Bank Ltd A1+ By Icra 2.12
IDBI Bank Ltd A1+ By Icra 2.08
State Bank Of Bikaner & Jaipur P1+ 1.22
Yes Bank Ltd. A1+ By Icra 0.89
Punjab National Bank PR1+ By Care 0.50
Oriental Bank Of Commerce P1+ 0.47
State Bank Of Travancore P1+ 0.25
Karur Vysya Bank Ltd. A1+ By Icra 0.18
Commercial Paper 15.96
SIDBI PR1+ By Care 4.36
Tata Motors Finance Ltd. A1+ By Icra 2.51
Religare Finvest Ltd. A1+ By Icra 1.49
India Infoline Invest. Serv Ltd A1+ By Icra 1.25
Century Textiles & Ind. Ltd. PR1+ By Care 1.24
HDFC Ltd P1+ 1.19
Redington India Ltd P1+ 1.12
contd...
 J M Financial Products Pvt Ltd. P1+ 0.63 Rating Profile
Debt : Ultra Short Term JM Financial Services Pvt Ltd. P1+ 0.63 Rating Weightage (%)
Cholamandalam Invt LAA+(SO) 1.26
Reliance and Fin Co. Ltd.
Tata Capital Ltd.
A1+ By Icra
A1+ By Icra
0.60
0.59
P1+
A1+
F1+(IND)
24.82
26.68
5.60

Floating Rate Fund

Kotak Mahindra Invest. Ltd. A1+ By Icra 0.35
Floating Rate Note 12.76
Tata Steel Ltd. AA(Ind) By Fitch 8.84
-Short Term Plan
(Formerly Known as Reliance Floating Rate Fund)
Tata Sons Ltd.
Ultratech Cement Ltd.
AAA
AAA
3.29
0.63
Non Convertible Debentures 9.82
ICICI Home Finance Co. Ltd. LAAA By Icra 2.73
Gruh Finance Ltd LAA+ By Icra 2.51
Tata Sons Ltd. AAA 1.71
SIDBI AAA 1.25
LIC Housing Finance Ltd. AAA 1.01
Indian Hotels Company Ltd. LAA+ By Icra 0.25
TGS Invest. & Trade Pvt Ltd A1+ By Icra 0.18
Trapti Trading & 7days 0.09 0.06
Invest Pvt. Ltd. A1+ By Icra 0.18
Pass Through Certificates 1.39
Aditya Birla Nuvo Ltd. LAA+(SO) By Icra 1.26
Tata Capital Ltd. CareAA+(SO) By Care 0.14
Cash and Other Receivables 6.89
Grand Total 100.00
Interest Rate Swap (Notional %) 3.77
Maturity Profile
Year Weightage (%)
Below 3 months 39.17
Between 3-6 months 7.64
Between 6-12 months 43.31
Cash & Other Receivables 6.91
Between 1 - 2 Years 2.97
Grand Total 100.00
NAV as on July 30, 2010 Rs
Reliance Floating Rate Fund - Short Term Plan - Since Inception 1.10 0.91
Growth Plan 14.7547
Portfolio composition As On July 31, 2010 Reliance Floating Rate Fund - Short Term Plan - Reliance Floating Rate Fund was launched on Sep 2,2004. Subsequently the
Hardware Hotels figures in % Dividend Plan 10.1251
Diversified
Cement 1.26%
1.12% 0.25% Reliance Floating Rate Fund - Short Term Plan - For more details on the features of Reliance Floating Rate Fund - Short Term
1.88% Daily Dividend Plan 10.0700
Miscellaneous Reliance Floating Rate Fund - Short Term Plan - The key features like Change in Name and Type of the Scheme, Change in
6.60% Weekly Dividend Plan 10.0861
Reliance Floating Rate Fund - Short Term Plan - scheme from a Liquid Scheme. Please refer to Addendum No. 106 dated
Banks Quarterly Dividend Plan 10.0504
Cash & Other 58.78%
Receivables
6.91%
Ferrous Metals
8.84%
PR1+ 12.39
AAA 7.89
LAAA 2.73
LAA+ 2.76
AA(IND)
CAREAA+(SO)
Intrest Rate Swaps
8.84
0.14
-0.02
Cash & Other Receivables 6.91
Grand Total 100.00
PERFORMANCE OF RELIANCE FLOATING RATE
FUND vs CRISIL LIQUID FUND INDEX AS ON
May 23, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
15 days 0.19 0.13
30 days 0.39 0.27
3 months 1.13 0.94
6 months 2.22 1.72
1 Year 4.76 3.10
3 Years 7.18 6.23
5 Years 7.05 6.19
Since Inception 7.43 6.50
Inception date : September 12, 2006
Reliance Floating Rate Fund was launched on Sep 2,2004. Subsequently the
trustees of RMF (w.e.f May 24,2010) changed the features of the scheme
and renamed the same as Reliance Floating Rate Fund - Short Term Plan.
For more details on the features of Reliance Floating Rate Fund - Short Term
Plan please refer addendum to the offer document dated April 17, 2010.
Performance of RELIANCE FLOATING RATE
FUND - Short term plan vs Crisil Liquid
Fund INDEX as on July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
Inception date : May 24, 2010
trustees of RMF (w.e.f May 24,2010) changed the features of the scheme
and renamed the same as Reliance Floating Rate Fund - Short Term Plan.
Plan please refer addendum to the offer document dated April 17, 2010.
Asset Allocation of Reliance Floating Rate Fund were made with effect from
May 24, 2010. Accordingly, the Scheme was converted into an income
April 17, 2010. Accordingly, performance of the Scheme subsequent to
change is also provided.
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
Special Feature
Reliance Any Time Money Card

Finance
14.37%

dividend HIstory
Date(DD/MM/YY) Rate Cum Dividend EX Dividend
(Re/ Unit) NAV NAV*
Reliance Floating Rate Fund - Short Term Plan- Weekly Dividend
July 27, 2010 0.0100 10.0928 10.0814
July 20, 2010 0.0099 10.0927 10.0814
July 13, 2010 0.0101 10.0929 10.0814
July 6, 2010 0.0105 10.0933 10.0814
Reliance Floating Rate Fund - Short Term Plan - Monthly Dividend
July 19, 2010 0.0411 10.1542 10.1089
June 21, 2010 0.0467 10.1604 10.1091
May 19, 2010 0.0305 10.1460 10.1070
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus.
The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option would be net of
applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Debt : Ultra Short Term

Fund Data Modified Duration . . . . . . . . . . . . . . . . . . 0.14 Years

Reliance
Type . . . . . . . . . . . . An Open Ended Income Scheme
Date of allotment . . . . . . . . . . . . . March 20, 2007
Money Manager Fund Inception Date . . . . . . . . . . . . . . . March 21, 2007
Corpus . . . . . . . . Rs 14201.17 crore (July 31, 2010)
Minimum Investment . . . . . . . . Retail Plan: Rs 1 lac
investment objective . . . . . . . . . . . . . and in multiples of Re. 1 thereafter
. . . . . . . . . . . . . . . . . . Institutional Plan: Rs 1 crore
The investment objective of the Scheme is to . . . . . . . . . . . . . and in multiples of Re. 1 thereafter
generate optimal returns consistent with moderate Fund Manager . . . . . . . . Amit Tripathi & Anju Chhajer
levels of risk and liquidity by investing in debt Weighted Average YTM . . . . . . . . . . . . . . . . . 5.36%
securities and money market securities.
Fundamentals August 2010
Weighted Average Maturity . . . . . . . . . . . 0.15 Years
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
contd...
23
Debt : Ultra Short Term IBM India Pvt Ltd. AAA(Ind)(SO) By Fitch 0.04
Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index Indian Infra Equp

Reliance
Rec Trust July 09 AAA(Ind)(SO) By Fitch 0.02
Portfolio of Reliance Money manager fund IFMR Trust Pioneer II P1+(SO) 0.01
Invt Vehicle For Structure Tr 1208 AAA(SO) 0.01

Money Manager Fund as on July 31, 2010

Holdings Rating Weigh-
tage(%)
Bills Re-Discounted 1.41
Kotak Mahindra Bank Ltd. Unrated 1.41
Certificate Of Deposit 63.85
Canara Bank P1+ 6.74
Central Bank Of India PR1+ By Care 5.62
IDBI Bank Ltd P1+ 4.46
Corporation Bank P1+ 4.37
Andhra Bank Ltd F1+(Ind) By Fitch 3.99
Allahabad Bank A1+ By Icra 3.50
Union Bank Of India P1+ 2.72
United Bank Of India Ltd. A1+ By Icra 2.62
Punjab National Bank PR1+ By Care 2.60
State Bank Of Indore P1+ 2.52
Oriental Bank Of Commerce P1+ 2.23
State Bank Of Patiala A1+ By Icra 2.18
UCO Bank P1+ 2.11
Axis Bank Ltd. P1+ 2.08
State Bank Of Bikaner & Jaipur P1+ 1.91
Punjab & Sindh Bank Ltd A1+ By Icra 1.55
State Bank Of Travancore P1+ 1.50
State Bank Of Mysore A1+ By Icra 1.44
ICICI Bank Ltd. A1+ By Icra 1.40
State Bank Of Hyderabad A1+ By Icra 1.32
Ing Vysya Bank Ltd. P1+ 1.22
Indian Bank F1+(Ind) By Fitch 1.22
Vijaya Bank PR1+ By Care 0.77
Yes Bank Ltd. A1+ By Icra 0.73
Karur Vysya Bank Ltd. A1+ By Icra 0.70
Punjab National Bank A1+ By Icra 0.53
Allahabad Bank P1+ 0.52
Indian Overseas Bank P1+ 0.52
Union Bank Of India A1+ By Icra 0.45
Kotak Mahindra Bank Ltd. P1+ 0.18
Syndicate Bank Ltd. PR1+ By Care 0.15
Commercial Paper 17.54
Rural Electrification Corp Ltd PR1+ By Care 3.49
Steel Authority Of India Ltd. PR1+ By Care 2.27
Idea Cellular Ltd. P1+ 2.10
National Housing Bank A1+ By Icra 1.57
Export Import Bank Of India AAA 1.05
Indiabulls Financial Services Ltd P1+ 1.03
Hindustan Petroleum Corporation Ltd. P1+ 0.70
Reliance Industries Ltd. P1+ 0.70
SIDBI PR1+ By Care 0.70
SIDBI P1+ 0.70
HDFC Ltd P1+ 0.52
E.I.D. Parry (India) Ltd. P1+ 0.42
J M Financial Products Pvt. Ltd. P1+ 0.35
Shriram City Union Fin. Ltd. PR1+ By Care 0.34
Apollo Tyres Ltd P1+ 0.33
Indian Oil Corporation Ltd. P1+ 0.33
STCI Primary Dealer Ltd. A1+ By Icra 0.30
ECL Finance Ltd. A1+ By Icra 0.28
ICICI Home Finance Co. Ltd. A1+ By Icra 0.19
Utkal Alumina International PR1+ By Care 0.14
HDB Financial Services Ltd. PR1+ By Care 0.04
Floating Rate Note 1.58
L & T Infra. Finance Co Ltd A1+ By Icra 0.53
GE Capital Services India Ltd AAA 0.25
Power Finance Corporation Ltd. AAA 0.22
Hero Honda Finlease Ltd. P1+ 0.21
Portfolio composition As On July 31, 2010 Aditya Birla Finance Ltd A1+ By Icra 0.18
Indian Railway Finance Corpn. Ltd. AAA 0.15
figures in %
Consumer Non IDBI Bank Ltd AA+ 0.05
Gas Durables
Treasury Bills
91 Days Tbil
0.14
Sovereign 0.07
182 Days Tbil Sovereign 0.07
Cash and Other Receivables 10.74
Grand Total 100.00
NAV as on July 30, 2010 Rs
Reliance Money Manager Fund-
Retail Growth 1,265.0312
Reliance Money Manager Fund-
Retail Bonus 1,256.7213
Reliance Money Manager Fund-
Retail Daily Dividend 1,001.1218
Reliance Money Manager Fund-
Retail Weekly Dividend 1,002.9398
Reliance Money Manager Fund-
Retail Monthly Dividend 1,009.2194
Reliance Money Manager Fund-
Retail Quarterly Dividend 1,027.1691
Reliance Money Manager Fund-
Institutional Growth 1,276.2990
Reliance Money Manager Fund-
Institutional Daily Dividend 1,001.3715
Reliance Money Manager Fund-
InstItutional Weekly Dividend 1,001.8698
Reliance Money Manager Fund-
Institutional Monthly Dividend 1,008.1368
Maturity Profile
Year Weightage (%)
Below 3 months 73.81
Between 3-6 months 15.46
Cash & Other Receivables 10.74
Grand Total 100.00
Rating Profile
Rating Weightage(%)
SOV 0.14
P1+ 40.51
P1+(SO) 0.12
A1+ 19.49
F1+(IND) 5.21
F1+(IND)(SO) 0.22
F1+(SO) 0.70
PR1+ 16.12
AAA 2.92
AAA(SO) 1.13
CARE A+ (SO) 0.18
AAA(IND)(SO) 0.06
AA+ 0.10
LAA+ 0.46
AA(IND) 0.35
AA(IND)(SO) 0.05
LAA 0.05
B-(IND) 0.03
UNRATED 1.41

Miscellaneous
0.70% 0.42%
Auto Ancillaries
Non Convertible Debentures 2.29 Cash & Other Receivables 10.74
0.75%
Finance - Asset Backed
0.33%
Government Of India HDFC Ltd AAA 1.26 Grand Total 100.00
Deutsche Postbank
1.15% 0.14%
Electrical & Electronics
Financial Institutions 0.04%
1.42%
Petroleum Products
Construction
0.03%
Home Finance Ltd LAA+ By Icra 0.46
1.73%
Telecom - Services
Shriram Transport
2.10%
Ferrous Metals
Finance Co Ltd. AA(Ind) By Fitch 0.35
2.27%
Unitech Ltd. B-(Ind) By Fitch 0.03
Finance Citifinancial Consumer
Finance India Ltd. LAA By Icra 0.04
9.92%

IDFC Ltd. AA+ 0.04

Kotak Mahindra Invest. Ltd. A1+ By Icra 0.04
Banks
68.27% Kotak Mahindra Prime Ltd. P1+ 0.04
Cash & Other
Kotak Mahindra Prime Ltd. LAA By Icra 0.02
Receivables
10.74%
Sundaram Finance Ltd. AA+ 0.02
Mahindra & Mahindra Fin Ser Ltd. P1+ 0.01
Pass Through Certificates 2.46
Invt Vehicle For Structure Tr 1508 AAA(SO) 1.12
Petronet LNG Ltd F1+(SO) By Fitch 0.70
Indian Railway
Finance Corpn. Ltd. F1+(Ind)(SO) By Fitch 0.22
Tata Teleservices Ltd. Care A+ (SO) By Care 0.18
IFMR Capital Mosec II P1+(SO) 0.11
Shriram Transport
Finance Co Ltd. AA(Ind)(SO) By Fitch 0.05

24 Fundamentals August 2010

Debt : Ultra Short Term PERFORMANCE OF RELIANCE Money Manager
FUND VS CRISIL LIQUID FUND INDEX
Reliance As On July 30, 2010

Money Manager Fund Period

Returns of Returns of
Scheme (%) Benchmark (%)
6 Months 2.29 2.10
1 Year 4.69 3.54
3 Years 6.97 6.06
5 Years N.A. NA.
Since inception 7.22 6.45
"Returns are of Retail Plan - Growth Plan. Returns less than one year are
absolute returns and returns of one year and more are compounded
annualized returns. Calculations assume all payouts during the period have
been reinvested in the units of the scheme at the prevailing NAV. Past
performance may or may not be sustained in the future."

dividend HIstory

Date (DD/MM/YY) Rate Cum Dividend EX Dividend

(Re/ Unit) NAV NAV*
Reliance Money Manager Fund - Weekly Dividend
July 30, 2010 0.8126 1003.8649 1002.9398
July 23, 2010 0.8254 1003.8794 1002.9398
July 16, 2010 0.8092 1003.8610 1002.9398
July 9, 2010 0.8179 1003.8709 1002.9398
July 2, 2010 0.8157 1003.8684 1002.9398
Reliance Money Manager Fund -Retail - Monthly Dividend
July 19, 2010 3.2634 1011.4628 1007.8857
June 21, 2010 3.6695 1011.9258 1007.8755
May 19, 2010 3.3878 1011.5751 1007.8580
Reliance Money Manager Fund -Retail - Quarterly Dividend
June 21, 2010 10.6983 1034.0841 1022.0352
March 19, 2010 9.5158 1032.5403 1022.0395
December 21, 2009 10.1059 1033.4521 1022.0480
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus.
The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of
dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option would be net of
applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Reliance Fund Data

Type . . . . . An Open Ended Income Scheme with no

Commercial Paper 16.30
Indian Oil Corporation Ltd. P1+ 4.55
Religare Finvest Ltd. A1+ By Icra 4.04
Medium Term Fund assured returns
Date of allotment . . . . . . . . . . September 14, 2000
Hindustan Petroleum Corporation Ltd. P1+ 3.03
Cholamandalam Invt
Inception Date . . . . . . . . . . . . September 25, 2000 and Fin Co. Ltd. A1+ By Icra 1.98
Corpus . . . . . . . . . Rs 4750.80 crore (July 31, 2010) Export Import Bank Of India P1+ 1.05
investment objective Reliance Industries Ltd. P1+ 1.05
Minimum Investment : Retail : . . . . . Rs. 5,000 & in
The primary investment objective of the scheme is to Tata Capital Ltd. A1+ By Icra 0.60
. . . . . . . . . . . . . . . . . . .multiples of Re.1 thereafter.
Floating Rate Note 5.60
generate regular income in order to make regular Fund Manager . . . . . . . . Amit Tripathi & Anju Chhajer Power Finance Corporation Ltd. AAA 4.76
dividend payments to unitholders and the secondary Weighted Average YTM . . . . . . . . . . . . . . . . 5.93% HDFC Ltd AAA 0.84
objective is growth of capital. Modified Duration . . . . . . . . . . . . . . . . . . 0.21 Years Zero Coupon Bonds 0.62
Weighted Avg. Maturity . . . . . . . . . . . . . . 0.27 Years LIC Housing Finance Ltd. AAA 0.62
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Cash and Other Receivables 4.92
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Grand Total 100.00
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ nav as on July 30, 2010 rs
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective Reliance Medium Term Fund-
August 1, 2009. Upfront commission shall be paid Growth Plan 19.4135
directly by the investor to the AMFI registered Reliance Medium Term Fund-
Distributors based on the investors' assessment of Bonus Plan 13.8648
various factors including the service rendered by the Reliance Medium Term Fund-
distributor. Quarterly Dividend Plan 10.7670
Benchmark . . . . . Crisil Short-term Bond Fund Index Reliance Medium Term Fund-
Monthly Dividend Plan 10.3874
Portfolio of reliance Medium-term Fund Reliance Medium Term Fund-
Portfolio composition As On July 31, 2010 Daily Dividend Plan 17.0959
as on July 31, 2010 Reliance Medium Term Fund-
figures in %
Cash & Other Financial Institutions
Holdings Rating Weigh- Weekly Dividend Plan 17.1038
Receivables 1.05%
4.92% tage(%)
Petroleum Products
Certificate of Deposit 72.56
8.63% Allahabad Bank P1+ 13.79
Banks Bank Of India P1+ 12.78
72.56%
Axis Bank Ltd. P1+ 11.22
Canara Bank P1+ 8.51
Vijaya Bank PR1+ By Care 4.67
Finance Federal Bank Ltd. P1+ 4.17
12.84% State Bank Of Bikaner & Jaipur P1+ 3.75
ICICI Bank Ltd. A1+ By Icra 3.45
State Bank Of Mysore A1+ By Icra 3.28
Bank Of Maharashtra. P1+ 2.09
HDFC Bank Ltd. P1+ 2.09
IDBI Bank Ltd P1+ 0.52
State Bank Of Patiala A1+ By Icra 0.52
Corporation Bank P1+ 0.52
State Bank Of Travancore P1+ 0.42
Oriental Bank Of Commerce P1+ 0.40
Punjab & Sindh Bank Ltd A1+ By Icra 0.31
Yes Bank Ltd. A1+ By Icra 0.08

Fundamentals August 2010 25

Debt : Ultra Short Term Maturity profile PERFORMANCE OF RELIANCE MEDIUM-TERM

Year weightage (%) FUND VS CRISIL SHORT TERM BOND FUND INDEX

Reliance Below 3 months

Between 3-6 months
69.54
6.02
as on July 30, 2010

Period Returns of Returns of

Medium Term Fund Between 6-12 months
Cash & Other Receivables
Grand Total
19.51
4.92
100.00

6 Months
Scheme (%) Benchmark (%)
2.53 2.14
1 Year 4.93 4.37
3 Years 6.44 7.16
Rating profile 5 Years 5.95 6.71
Since Inception 6.91 N.A.
Rating weightage(%) "Returns are of Growth Plan. Returns less than one year are absolute returns
P1+ 69.93 and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
A1+ 14.26 the units of the scheme at the prevailing NAV. Past performance may or
PR1+ 4.67 may not be sustained in the future. N.A. denotes non-availability of
AAA 6.22 suitable index at the time of inception."

Cash & Other Receivables 4.92

Grand Total 100.00 Special Feature
Reliance Any Time Money Card

dividend HIstory

Date(DD/MM/YY) Rate Cum Dividend EX Dividend

(Re/ Unit) NAV NAV*
Reliance Medium Term Fund - Retail - Weekly
July 27, 2010 0.0160 17.1141 17.0959
July 20, 2010 0.0160 17.1141 17.0959
July 13, 2010 0.0160 17.1141 17.0959
July 6, 2010 0.0148 17.1128 17.0959
Reliance Medium Term Fund - Retail - Quarterly
June 21, 2010 0.1205 10.8419 10.7062
March 22, 2010 0.1080 10.8280 10.7061
December 21, 2009 0.1061 10.8252 10.7054
Reliance Medium Term Fund - Retail - Monthly
July 20, 2010 0.0388 10.4158 10.3731
June 21, 2010 0.0400 10.4165 10.3725
May 20, 2010 0.0385 10.4146 10.3722
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual
Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit
NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option would be net of applicable statutory levy,
if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Debt : Short Term Fund Data & Fin Co. Ltd.

HDFC Ltd
A1+ By Icra
A1+ By Icra
1.76
1.00
Sundaram BNP
Type . . . . . . . . . . . . An Open Ended Income Scheme Paribas Home Fina Ltd. A1+ By Icra 0.51
Reliance Date of allotment . . . . . . . . . . . December 18, 2002
Inception Date . . . . . . . . . . . . . December 23, 2002
HDFC Ltd
Floating Rate Note
Tata Steel Ltd.
P1+
AA(Ind) By Fitch
0.49
1.57
1.25

Short Term Fund Corpus . . . . . . . . . Rs 4808.41 crore (July 31, 2010)
Minimum Investment . . . Rs 5,000 & in multiples of
. . . . . . . . . . . . . . . . . . . . . . . . . . . . Re.1 thereafter.
investment objective
Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple
The primary investment objective of the scheme is to Weighted Average YTM . . . . . . . . . . . . . . . . 7.05%
generate stable returns for investors with a short term Modified Duration . . . . . . . . . . . . . . . . . 1.18 Years
investment horizon by investing in fixed income Weighted Avg. Maturity . . . . . . . . . . . . . . 1.38 Years
securitites of a short term maturity Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Portfolio composition As On July 31 2010 168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
figures in %
directly by the investor to the AMFI registered
Diversified Electrical & Distributors based on the investors' assessment of
Ferrous Metals 1.04%
Electronics
Paper
1.25%
0.53%
0.52% various factors including the service rendered by the
Power
Finance - Asset
Backed
distributor.
1.38%
Auto 0.02% Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index
1.91%
Cash & Other Receivables
1.96% Portfolio of Reliance SHORT-TERM FUND
Government Of India
2.65% Banks
Financial Institutions 61.78% as on July 31, 2010
3.15%
Holdings Rating Weigh-
Miscellaneous tage(%)
7.22%
Certificate of Deposit 60.49
State Bank Of Patiala A1+ By Icra 8.92
Bank Of India P1+ 8.30
State Bank Of Hyderabad A1+ By Icra 6.64
Oriental Bank Of Commerce P1+ 6.00
Axis Bank Ltd. PR1+ By Care 4.16
Finance
16.57%
HDFC Bank Ltd. PR1+ By Care 3.79
ICICI Bank Ltd. A1+ By Icra 3.47
IDBI Bank Ltd A1+ By Icra 2.98
State Bank Of Mysore A1+ By Icra 2.97
Union Bank Of India P1+ 2.57
Punjab National Bank PR1+ By Care 2.28
State Bank Of Travancore P1+ 1.86
Axis Bank Ltd. P1+ 1.78
IDBI Bank Ltd P1+ 1.49
Union Bank Of India A1+ By Icra 1.01
Andhra Bank Ltd PR1+ By Care 0.98
Canara Bank P1+ 0.79
Bank Of Baroda A1+ By Icra 0.50
Commercial Paper 3.75
Cholamandalam Invt
26 Fundamentals August 2010
IDFC Ltd. LAAA By Icra 0.31
Govt Securities(GSE) 2.65
7.46% GOI (MD 28/8/2017) Sovereign 2.65
Non Convertible Debentures 20.68
LIC Housing Finance Ltd. AAA 2.90
Tata Motors Ltd. AAA 1.91
NABARD AAA 1.56
Rural Electrification Corp Ltd AAA 1.55
Power Finance Corporation Ltd. AAA 1.37
Reliance Utilities
& Power Pvt.Ltd. CareAAA By Care 1.27
HDFC Ltd AAA 1.17
Indian Railway Finance Corpn. Ltd. AAA 1.17
National Housing Bank AAA 1.03
LIC Housing Finance Ltd. CareAAA By Care 1.03
Tata Power Co. Ltd. AA 0.84
ONGC Videsh Ltd. AAA 0.62
Power Grid Corporation Ltd. AAA 0.54
Ballarpur Industries Ltd. AA-(Ind) By Fitch 0.52
Tata Sons Ltd. AAA 0.52
Bajaj Auto Finance Ltd. LAA+ By Icra 0.52
Sundaram Finance Ltd. LAA+ By Icra 0.51
Kotak Mahindra Prime Ltd. LAA By Icra 0.51
Export Import Bank Of India AAA 0.42
Bajaj Auto Finance Ltd. AA+ 0.23
ICICI Bank Ltd. AAA 0.21
L&T Finance Ltd CareAA+ By Care 0.14
IDBI Bank Ltd AA+ 0.07
Airport Authority Of India AAA 0.06
Pass Through Certificates 5.28
Tata Teleservices Ltd. Care A+ (SO) By Care 3.68
Aditya Birla Nuvo Ltd. LAA+(SO) By Icra 1.04
IBM India Pvt Ltd. AAA(Ind)(SO) By Fitch 0.53
Indian Infra Equp
Rec Trust July 09 AAA(Ind)(SO) By Fitch 0.02
Zero Coupon Bonds 3.63
Sundaram Finance Ltd. LAA+ By Icra 1.66
Citifinancial Consumer Fin. Ind Ltd. AA+ 0.89
Lands End
Properties Pvt. Ltd. CareAA+ By Care 0.56
HDFC Ltd AAA 0.53
Cash and Other Receivables 1.95
Grand Total 100.00
Interest Rate Swap (Notional %) 1.56
NAV as on July 30, 2010 Rs
Reliance Short Term Fund-Growth Plan 17.6970
Reliance Short Term Fund-
Dividend Re-Investment Plan 10.5966
Reliance Short Term Fund-
Quarterly Dividend Plan 13.3989
 Maturity Profile
Debt : Short Term
Reliance
Year Weightage (%)
Below 3 months 0.53
Between 3-6 months 5.22
Short Term Fund Between 6-12 months
Between 2 - 4 Years
68.12
9.79
Above 4 Years 7.82
Between 1 - 2 Years 6.56
Cash & Other Receivables 1.96
Grand Total 100.00
Rating Profile
Rating Weightage (%)
SOV 2.65
LAA+(SO) 1.04
P1+ 23.27
A1+ 29.75
PR1+ 11.22
AAA 15.56
LAAA 0.31
CAREAAA 2.30
AAA(IND)(SO) 0.55
AA+ 1.19
LAA+ 2.69
AA 0.84
AA(IND) 1.25
CARE A+ (SO) 3.68
Dividend History
Date(DD/MM/YY) Rate Cum Dividend EX Dividend
(Re/ Unit) NAV NAV*
Reliance Short Term Fund - Monthly Dividend
July 26, 2010 0.0218 10.6327 10.6052
June 25, 2010 0.0571 10.6636 10.6026
May 25, 2010 0.0439 10.6786 10.6272
Reliance Short Term Fund - Quarterly Dividend
June 21, 2010 0.1581 13.5422 13.3684
March 19, 2010 0.1222 13.4605 13.3227
December 21, 2009 0.2087 13.5422 13.3062
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable
surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the
payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option
would be net of applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.
Debt : Long Term
Fund Data
Reliance Type . . . . . . . . . . . . . . . . . . An Open Ended Scheme
Date of allotment . . . . . . . . . . . . . . . . June 8, 2005
Inception Date . . . . . . . . . . . . . . . . . . June 9, 2005
Regular Savings Fund Corpus . . . . . . . . . Rs 3418.79 crore (July 31, 2010)
Minimum Investment...Rs. 500 & in multiples of Re. 1
- Debt Option Retail Plan: Rs. 500 per option & in multiples of Re. 1
thereafter.
Institutional Plan: Rs. 25 lacs per option and in
multiples of Re. 1 thereafter.
investment objective Maximum Investment Amount (across all folios) in one
The primary investment objective of this option is to calendar quarter : . . . . . . . . . . . . . . . . . . . Rs. 10 Cr
generate optimal returns consistent with moderate Fund Manager . . . . Arpit Malaviya & Prashant Pimple
level of risk. This income may be complemented by Weighted Average YTM . . . . . . . . . . . . . . . . 7.61%
capital appreciation of the portfolio. Accordingly Modified Duration . . . . . . . . . . . . . . . . . . 1.37 Years
investments shall predominantly be made in Debt & Weighted Average Maturity . . . . . . . . . . . 1.54 Years
Money Market Instruments. Entry Load* Under both Retail and Institutional Plan
Nil.
Exit Load . . . Under both Retail and Institutional Plan
2%, if redeemed/switched out on or before
Portfolio composition As On July 31, 2010
completion of 1 year. Nil, if redeemed/switched out
after completion of 1 year.
Consumer Power Paper figures in %
Electrical & Durables
Electronics 1.46%
1.19% 0.73%
Transportation
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Cash & Other
1.66% 0.07% 168230/09 dated June 30, 2009, no entry load will
Receivables Finance - Asset Backed be charged by the Scheme to the investor effective
2.58% 0.03%
August 1, 2009. Upfront commission shall be paid
Software
3.75% directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
Finance
Diversified
37.58% various factors including the service rendered by the
7.65% distributor.
Benchmark . . . . . . Crisil Composite Bond Fund Index
Portfolio of Reliance Regular Savings
Fund - Debt Option
Miscellaneous
13.32%
as on July 31, 2010
Holdings Rating Weightage
Certificate Of Deposit 29.99
Bank Of India P1+ 5.65
Banks HDFC Bank Ltd. PR1+ By Care 5.59
29.99% Canara Bank P1+ 4.94
IDBI Bank Ltd A1+ By Icra 3.36
State Bank Of Mysore A1+ By Icra 2.80
State Bank Of Hyderabad A1+ By Icra 2.07
Fundamentals August 2010
AA-(IND) 0.52
LAA 0.51
CAREAA+ 0.70
Intrest Rate Swaps -0.01
Cash & Other Receivables 1.96
Grand Total 100.00
PERFORMANCE OF RELIANCE SHORT-TERM
FUND VS CRISIL LIQUID FUND INDEX AS ON
July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 Months 2.45 2.10
1 Year 5.23 3.54
3 Years 9.22 6.06
5 Years 8.56 6.21
Since Inception 7.77 5.58
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
Special Feature
Reliance Any Time Money Card
State Bank Of Travancore P1+ 1.41
Andhra Bank Ltd F1+(Ind) By Fitch 1.39
State Bank Of India P1+ 1.38
Bank Of Baroda A1+ By Icra 0.71
Axis Bank Ltd. PR1+ By Care 0.42
ICICI Bank Ltd. A1+ By Icra 0.28
Commercial Paper 1.41
HDFC Ltd
Non Convertible Debentures
A1+ By Icra 1.41
43.50
Sundaram Finance Ltd. LAA+ By Icra 3.50
Kotak Mahindra Prime Ltd.
Cholamandalam
Invt and Fin Co. Ltd.
LAA By Icra
LAA- By Icra
3.35
2.61
Tata Sons Ltd. AAA 2.61
Tata Capital Ltd. CareAA+ By Care 2.60
HCL Technologies Ltd. AA+ 2.52
Tata Capital Ltd. LAA+ By Icra 2.18
Tata Motors Finance Ltd. A+ 2.14
Citifinancial Consumer Fin. India Ltd.* AA+ 2.06
Shriram City Union Fin Ltd. CareAA- By Care 1.46
Tube Investments Of India Ltd. AA- 1.46
Aditya Birla Nuvo Ltd. LAA+ By Icra 1.45
M & M Fin Ser Ltd. AA(Ind) By Fitch 1.45
Reliance Capital Ltd. CareAAA By Care 1.35
Indiabulls Financial Services Ltd AA- 1.27
Tech Mahindra Ltd. CareAAA By Care 1.23
SREI Equipment Fin.Pvt Ltd CareAA By Care 1.20
Tata Power Co. Ltd. AA 1.19
Aditya Birla Nuvo Ltd. CareAA+ By Care 1.07
SREI Equipment
Finance Pvt Ltd AA(Ind) By Fitch 1.07
Sundaram BNP Paribas
Home Fina Ltd. CareAA+ By Care 1.01
L&T Finance Ltd CareAA+ By Care 0.87
Shriram Transport
Finance Co Ltd. CareAA+ By Care 0.75
Bajaj Auto Finance Ltd. AA+ 0.74
Ballarpur Industries AA-(Ind)(SO) By Fitch 0.73
RHC Holding Pvt Ltd A1+ By Icra 0.73
India Infoline Inv Serv Ltd LAA-(SO) By Icra 0.32
Indiabulls Infrastructure Credit Lt AA- 0.22
Reliance Capital Ltd. AAA 0.15
Shriram Transport
Finance Co Ltd. AA(Ind) By Fitch 0.10
SREI Equipment Fin Pvt Ltd PR1+ By Care 0.03
Kotak Mahindra Invest Ltd. A1+ By Icra 0.03
Indiabulls Housing Finance Ltd AA- 0.03
SREI Equipment
Fin Pvt Ltd AA(Ind)(SO) By Fitch 0.03
Pass Through Certificates 14.16
Aditya Birla Nuvo Ltd. LAA+(SO) By Icra 5.13
Tata Teleservices Ltd. Care A+ (SO) By Care 4.46
IBM India Pvt Ltd. AAA(Ind)(SO) By Fitch 1.66
Shriram Transport
Finance Co Ltd. CareAA+(SO) By Care 1.48
TML Auto Sec Trust Feb 2010 AA+(SO) 0.81
Tata Capital Ltd. CareAA+(SO) By Care 0.51
Jet Airways (India) Ltd. AAA(SO) 0.07
Indian Infra Equp
contd...
27
Debt : Long Term Rec Trust July 09 AAA(Ind)(SO) By Fitch 0.03
Zero Coupon Bonds 8.36
Indiabulls Financial Services Ltd LAA By Icra 4.41
Reliance Lands End
Properties Pvt. Ltd.
Kotak Mahindra Prime Ltd.
CareAA+ By Care
LAA By Icra
3.12
0.78
Regular Savings Fund Sundaram Finance Ltd. LAA+ By Icra 0.05
Cash and Other Receivables 2.58
Grand Total 100.00
Interest Rate Swap (Notional %) 4.39
- Debt Option *Guranteed by Citigroup Inc.
NAV as on July 30, 2010 Rs
Reliance Regular Savings Fund Debt Option- AAA(SO) 0.07
Retail Growth Plan 12.8442
Reliance Regular Savings Fund Debt Option- LAA+ 7.17
Retail Dividend Plan 12.1646
Reliance Regular Savings Fund Debt Option- AA(IND) 2.61
Institutional Growth Plan 12.9418
Reliance Regular Savings Fund Debt Option- LAA 8.54
Institutional Dividend Plan 12.2253
Maturity Profile as on July 31, 2010
Holding Weightage (%)
Between 3-6 months 5.79
Between 6-12 months 36.95
Between 2 - 4 Years 35.51
Between 1 - 2 Years 19.17
Cash & Other Receivables 2.58
Grand Total 100.00
PERFORMANCE OF RELIANCE REGULAR
SAVINGS FUND - DEBT OPTION VS CRISIL
COMPOSITE BOND FUND INDEX AS ON
july 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 Months 2.62 2.44
1 Year 6.77 4.43
3 Years 6.26 6.14
5 Years 4.98 5.55
Since Inception 4.93 5.53
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
Reliance
Fund Data
Type . . . . . . . . . . . . An Open Ended Income Scheme
Date of allotment . . . . . . . . . . . . . . January 1, 1998
Income Fund Inception Date . . . . . . . . . . . . . . . . January 1, 1998
Corpus . . . . . . . . . . Rs 340.29 crore (July 31, 2010)
Minimum Investment . . . . Growth Option: Rs. 5,000 8.28% GOI (MD 15/02/2032) Sovereign 4.38
. . . . . . . . . . . . . . . & in multiples of Re.1 thereafter; 8.30% GOI (MD 02/07/2040) Sovereign 1.46
investment objective Monthly Dividend Plan: Rs 25,000 & in multiples of
Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.99% GOI (MD 09/07/2017) Sovereign 0.01
The primary investment objective of the scheme is to
Qurterly Dividend Plan: Rs 10,000 & in multiples of
generate optimal returns consistent with moderate Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . . Reliance Utilities &
level of risk. This income may be complemented by Half Yearly Dividend Plan: Rs 5,000 & in multiples of
capital appreciation of the portfolio.Accordingly, Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . . ONGC Videsh Ltd. AAA 2.94
Annual Dividend Plan: Rs 5,000 & in multiples of Re.1
investments shall predominantly be made in Debt & thereafter
Money Market Instruments Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple
Weighted Average YTM . . . . . . . . . . . . . . . . 7.23%
Modified Duration . . . . . . . . . . . . . . . . . . 4.07 Years
Weighted Avg. Maturity . . . . . . . . . . . . . . 6.57 Years
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . NAV as on July 30, 2010 Rs
1% of the applicable NAV if redeemed or switched
out on or before completion of 30 days from the date
of allotment of units.
Portfolio composition As On July 31, 2010 There shall be no exit load after completion of 30
days from the date of allotment of units
Finance
0.61%
figures in % * In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
Miscellaneous
10.40% be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Government Of India
56.89%
Distributors based on the investors' assessment of
various factors including the service rendered by the
Banks
distributor.
14.29% Benchmark . . . . . . Crisil Composite Bond Fund Index
Portfolio of reliance Income Fund
as on July 31, 2010
Holdings Rating Weigh- Between 1 - 2 Years 0.61
tage(%)
Cash & Other
Receivables Certificate Of Deposit 14.10
17.81%
State Bank Of Travancore P1+ 6.96
State Bank Of Hyderabad A1+ By Icra 4.29
State Bank Of Bikaner & Jaipur P1+ 2.86
28 Fundamentals August 2010
rating Profile AS ON July 31, 2010
Rating Weightage (%)
LAA+(SO)
P1+
A1+
5.13
13.38
11.39
F1+(IND) 1.39
PR1+ 6.04
AAA 2.76
CARE A+ (SO) 4.46
AA-(IND)(SO)
CAREAA-
CAREAAA
0.73
1.46
2.58
CAREAA 1.20
AAA(IND)(SO) 1.69
AA+ 5.32
AA+(SO) 0.81
AA 1.19
AA(IND)(SO) 0.03
CAREAA+(SO) 2.00
CAREAA+ 9.43
AA- 2.98
LAA- 2.61
LAA-(SO) 0.32
A+ 2.14
Cash & Other Receivables 2.58
Grand Total 100.00
Dividend History
Date Rate Cum *Ex-
(Re/ Dividend Dividend
Unit) NAV NAV
June 28, 2010 0.1212 12.2847 12.1486
March 30, 2010 0.1206 12.2437 12.1108
January 12, 2010 0.3900 12.4760 12.0860
Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend distributions,
though it has every intention of doing so. After the payment of dividend, the
per unit NAV falls to the extent of the dividend payout and distribution
taxes, if any. Performance of Dividend Plan/Option would be net of
applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the
mark to market impact also.
Special Feature
Reliance Any Time Money Card
Govt Securities(GSE) 56.89
7.17% GOI (MD 14/06/2015) Sovereign 20.19
7.80% GOI (MD 03/05/2020). Sovereign 19.10
8.26% GOI (MD 02/08/2027) Sovereign
8.20% GOI (MD 15/02/2022) Sovereign
7.30
4.44
Non Convertible Debentures 11.20
Power Pvt.Ltd. CareAAA By Care 7.47
Rural Electrification Corp Ltd AAA 0.61
State Bank Of Hyderabad AAA 0.18
Cash and Other Receivables 17.81
Grand Total 100.00
Reliance Income Fund-Growth Plan 31.2267
Reliance Income Fund-Bonus Plan 14.7182
Reliance Income Fund-
Annual Dividend Plan 12.4177
Reliance Income Fund-
Half Yearly Dividend Plan 12.1998
Reliance Income Fund-
Quarterly Dividend Plan 13.0991
Reliance Income Fund-
Monthly Dividend Plan 10.1680
Maturity Profile
Year % of Total
Between 3-6 months 7.14
Between 6-12 months 6.96
Above 4 Years 67.48
Cash & Other Receivables 17.81
Grand Total 100.00
contd...
Debt : Long Term Rating Profile PERFORMANCE OF RELIANCE INCOME FUND
VS CRISIL COMPOSITE BOND FUND INDEX AS ON
Rating Weightage(%)
Reliance
July 30, 2010
SOV 56.89
Period Returns of Returns of
P1+ 9.82
Scheme (%) Benchmark (%)
A1+ 4.29
Income Fund AAA
CAREAAA
3.73
7.47
6 Months
1 Year
1.65
2.96
2.44
4.43
Cash & Other Receivables 17.81 3 Years 8.91 6.14
Grand Total 100.00 5 Years 7.67 5.55
Since Inception 9.50 N.A.*
Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future.
* N.A. denotes non-availability of suitable index at the time of inception.

Special Feature
Reliance Any Time Money Card

Dividend History
Date(DD/MM/YY) Rate Cum Dividend Ex Dividend
(Re/ Unit) NAV NAV*
Reliance Income Fund - Retail - Half Yearly
March 19, 2010 0.1595 12.2065 12.0233
September 22, 2009 0.3153 12.3467 12.0021
March 19, 2009 0.7337 12.7144 11.9005
September 19, 2008 0.0677 11.4306 11.3357
Reliance Income Fund - Retail - Monthly
July 19, 2010 0.0264 10.2434 10.2016
May 19, 2010 0.0878 10.3463 10.2472
April 19, 2010 0.0350 10.2353 10.2071
Reliance Income Fund - Retail - Quarterly
June 21, 2010 0.1581 13.3143 13.1438
March 19, 2010 0.0758 13.1741 13.0863
December 21, 2009 0.1007 13.1666 13.0615
Reliance Income Fund - Retail - Annually
March 19, 2010 0.5941 12.9176 12.2381
March 19, 2009 1.2530 13.6323 12.2273
March 19, 2008 1.4189 13.6953 12.0146
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The
Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the
per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option would be net of applicable
statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Debt : Dynamic Fund Data Asset Allocation

Reliance Type . . . . . . . . . . . . An Open Ended Income Scheme
Date of allotment . . . . . . . . . . November 15, 2004
Inception Date . . . . . . . . . . . . November 16, 2004
Dynamic Bond Fund
(Formerly Known as Reliance NRI Income Fund)
Corpus . . . . . . . . . . . Rs 51.03 crore (July 31, 2010)
Minimum Investment . . . . . Rs 5,000 & in multiples
. . . . . . . . . . . . . . . . . . . . . . . . . . of Re.1 thereafter
investment objective Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple
Weighted Average YTM . . . . . . . . . . . . . . . . 6.03%
The primary investment objective of the scheme is to Modified Duration . . . . . . . . . . . . . . . . . . 1.93 Years
generate optimal returns consistent with moderate Weighted Avg. Maturity . . . . . . . . . . . . . . 2.66 Years
levels of risk. This income may be complemented by Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
capital appreciation of the portfolio. Accordingly, Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . .
investments shall predominantly be made in Debt 1% if the units are redeemed within 6 months from
Instruments the date of allotment of units.
Nil if units are redeemed after 6 months from the
date of allotment of units.
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
Portfolio composition As On July 31, 2010 be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
figures in % directly by the investor to the AMFI registered
Financial Institutions
7.70% Distributors based on the investors' as sessment of
various factors including the service rendered by the
Banks distributor.
9.20% Cash & Other Receivables
48.51% Benchmark . . . . . . Crisil Composite Bond Fund Index
Portfolio of Reliance Dynamic Bond FUND
as on July 31, 2010
Finance
15.00%
Holdings Rating Weigh- 6 Months 3.30 2.44
tage (%)
Certificate of Deposit 9.20
State Bank Of Travancore P1+ 9.20
Commercial Paper 9.17
Government Of India HDFC Ltd P1+ 9.17
19.59% Govt Securities(GSE) 19.59
7.80% GOI (MD 03/05/2020) Sovereign 19.59
Non Convertible Debentures 13.53
Indian Railway Finance Corpn. Ltd. AAA 7.70
HDFC Ltd AAA 5.83
Cash and Other Receivables 48.51
Grand Total 100.00
Fundamentals August 2010
Sector Weightage(%)
Cash & Other Receivables
Government Of India
Finance
48.51
19.59
15.00
Banks
Financial Institutions
Grand Total
9.20
7.70
100.00
Maturity Profile
Year Weightage(%)
Below 3 months 18.36
Between 2 - 4 Years 7.70
Above 4 Years 25.42
Cash & Other Receivables 48.51
Grand Total 100.00
Rating profile
Rating Weightage(%)
SOV 19.59
P1+ 18.36
AAA 13.53
Cash & Other Receivables 48.51
Grand Total 100.00
NAV as on July 30, 2010 Rs
Reliance Dynamic Bond Fund-Dividend Plan 12.3048
Reliance Dynamic Bond Fund-Growth Plan 12.3048
PERFORMANCE - Dynamic Bond FUND vs
CRISIL COMPOSITE BOND FUND INDEX as on
July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
1 Year 3.51 4.43
3 Years 2.33 6.14
5 Years 3.60 5.55
Since Inception 3.66 5.78
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in
the units of the scheme at the prevailing NAV. Past performance may or
may not be sustained in the future."
29
 Fund Data Cash & Other Receivables 20.81
Debt : Gilt Grand Total 100.00
Type . . . . . . . . . . . . . . . An Open Ended Government

Reliance . . . . . . . . . . . . . . . . . . . . . . . . . . Securities Scheme

Gilt Securities Fund
investment objective
The primary investment objective of the scheme is to
generate optimal credit risk-free returns by investing
in a portfolio of securities issued and guaranteed by
the Central Government and State Government
Date of allotment . . . . . . . . . . . . . August 22, 2008 Rating Profile
Inception Date . . . . . . . . . . . . . . . August 22, 2008
Corpus . . . . . . . . . . . Rs 57.74 crore (July 31, 2010)
Minimum Investment . . . . . . Retail Plan Rs 10,000
Rating
SOV
Cash & Other Receivables
Weightage(%)
79.19
20.81
per plan per option Grand Total 100.00
. . . . . . . . . . . . . . . . . Institutional Plan : Rs 1 Cr per
plan per option PERFORMANCE OF RELIANCE GILT
Fund Manager: . . . . . . . . . . . . . . . . Prashant Pimple SECURITIES FUND VS I-SEC LI-BEX INDEX
Load Structure . . . . . . . . . . . . . . . . . . . . Retail Plan
as on July 30, 2010
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load (w.e.f. August 24, 2009) . . . . . . . . . . . Nil
Period Returns of Returns of
Load Structure . . . . . . . . . . . . . . . Institutional Plan
Scheme (%) Benchmark (%)
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
6 Months 0.43 3.55
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . Nil
1 Year 1.14 4.00
Weighted Average YTM . . . . . . . . . . . . . . . . 6.86%
3 Years N.A. N.A.
Modified Duration . . . . . . . . . . . . . . . . . 4.56 Years
5 years N.A. N.A.
Weighted Avg. Maturity . . . . . . . . . . . . . 6.55 Years
Since Inception 8.84 14.19
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Inception Date - August 22, 2008
168230/09 dated June 30, 2009, no entry load will Returns are of Retail Plan - Growth Plan. Returns less than one year are
be charged by the Scheme to the investor effective absolute returns and returns of one year and more are compounded
annualized returns. Calculations assume all payouts during the period have
August 1, 2009. Upfront commission shall be paid been reinvested in the units of the scheme at the prevailing NAV. Past
directly by the investor to the AMFI registered performance may or may not be sustained in the future.
Distributors based on the investors' assessment of The key features of Reliance Gilt Securities Fund having Short Term Plan and
Long Term Plan have been changed w.e.f August 22, 2008. Pursuant to the
various factors including the service rendered by the changes, the scheme will have Retail Plan and Institutional Plan . For more
distributor. details please refer to the Addendum dated July 21, 2008
Benchmark . . . . . . . . . . . . . . . . . . . . . I-Sec Li-BEX
Portfolio of reliance Gilt Securities Fund
as on July 31, 2010
Holdings Rating Weigh-
tage(%)
Govt Securities(gse) 79.19
7.80% GOI (MD 03/05/2020). Sovereign 43.29
7.17% GOI (MD 14/06/2015) Sovereign 25.50
8.20% GOI (MD 15/02/2022) Sovereign 8.72
11.83% GOI (MD 12/11/2014) Sovereign 1.59
10.95% GOI (MD 30/05/2011) Sovereign 0.05
8.33% GOI (MD 07/06/2036) Sovereign 0.03
Cash and Other Receivables 20.81
Grand Total 100.00

NAV as on July 30, 2010 Rs

Reliance Gilt Securities Fund-

Retail Growth Plan 11.8287
Reliance Gilt Securities Fund-
Retail Dividend Plan 9.9413
Reliance Gilt Securities Fund-
Retail Automatic Capital App Plan 11.8287
Reliance Gilt Securities Fund-
Retail Defined Maturity Plan 11.8287
Reliance Gilt Securities Fund-
Retail Automatic Annual Reinvestment Plan 9.9150
Reliance Gilt Securities Fund-
Institutional Growth Plan 11.8421
Reliance Gilt Securities Fund-
Institutional Dividend Plan 9.9310
Reliance Gilt Securities Fund-
InstitutiOnal Automatic Capital App Plan 11.8421

Maturity Profile
Year % of Total
Below 3 months 0.05
Above 4 Years 79.13

Portfolio composition As On July 31, 2010 Dividend History

figures in %
Cash & Other Receivables Date(DD/MM/YY) Rate Cum Dividend EX Dividend
20.81%
(Re/ Unit) NAV NAV*
Government Of India Reliance Gilt Securities Fund - Retail - Dividend
79.19%
May 25, 2010 0.0719 10.1296 10.0000
April 26, 2010 0.0195 10.0309 10.0280
January 25, 2010 0.0390 10.0445 10.0135
April 27, 2009 0.2628 10.9402 10.6373
January 28, 2009 0.0613 10.5098 10.4398
December 26, 2008 0.6462 11.8046 11.0669
November 25, 2008 0.0821 10.4811 10.4681
October 29, 2008 0.5473 10.9056 10.2808
September 25, 2008 0.0363 10.1237 10.0000
Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable
surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the
payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option
would be net of applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

30 Fundamentals August 2010

 Canara Bank 0.50
Debt : MIP Fund Data
United Phosphorus Ltd. 0.47
Torrent Power Ltd. 0.46
Type . . . . . . . . . . . . . . . . . . . . An Open Ended Fund Talwalkars Better Value Fitness Ltd 0.44
Reliance Monthly income is not assured and is subject to the
availability of distributable surplus
Bharat Petroleum Corporation Ltd. 0.43
Hindustan Media Ventures Ltd. 0.43
Jaiprakash Associates Ltd. 0.40
Monthly Income Date of allotment . . . . . . . . . . . December 29, 2003
Inception Date . . . . . . . . . . . . . . . January 13, 2004
Zee Entertainment Enterprises Ltd 0.35
Bank Of Baroda 0.35
NTPC Ltd. 0.34
Corpus . . . . . . . . . Rs 5917.86 crore (July 31, 2010)
Plan Minimum Investment . . Growth Plan: Rs 10,000; & in
multiples of Re.1 thereafter.
Sobha Developers Ltd. 0.33
Cummins India Ltd. 0.32
Madras Cements Ltd. 0.28
. . . . . . . . . . . . . . . . . . . . . Monthly Dividend Plan: Rs 25,000; Eicher Motors Ltd. 0.25
investment objective & in multiples of Re.1 thereafter. Cadila Healthcare Ltd. 0.21
Aurobindo Pharma Ltd. 0.20
The primary investment objective of the scheme is to . . . . . . . . . . . . . . . . . . . . . Quarterly Dividend Plan: Rs 10,000 Jagran Prakashan Ltd 0.18
generate regular income in order to make regular & in multiples of Re.1 thereafter. Tata Motors Ltd. 0.16
dividend payments to unitholders and the secondary Fund Manager . . . . . . . Amit Tripathi , Ashwani Kumar Gujarat State Fertilizers & Chemicals Ltd. 0.15
ACC Ltd 0.14
objective is growth of capital Weighted Average YTM . . . . . . . . . . . . . . . . 5.91% Mahindra Forgings Ltd. 0.12
Modified Duration . . . . . . . . . . . . . . . . . . 1.79 Years Radico Khaitan Ltd 0.08
Weighted Avg. Maturity . . . . . . . . . . . . . . 2.48 Years Swaraj Mazda Ltd. 0.04
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Floating Rate Note 6.80
Portfolio composition As On July 31, 2010 IDFC Ltd. LAAA By Icra 3.99
Exit Load (w.e.f August 24, 2009) . . . . . . . . . . . . .
figures in %
Tata Steel Ltd. AA(Ind) By Fitch 2.21
1% if the units are redeemed/switched out on or Shriram Transport
Non - Ferrous
Consumer Non Media & Transportation Metals Financial
Durables Entertainment 0.52% 0.52% Institutions
before completion of 1 year from the date of Finance Co Ltd. AA(Ind) By Fitch 0.60
Hotels 0.60%
0.62%
0.53% 0.51%
Pesticides allotment of units. Govt Securities(GSE) 14.54
Industrial Capital
Goods
0.47%
Leisure Facilities
There shall be no exit load after completion of 1 year 7.80% GOI (MD 03/05/2020) Sovereign 5.15
0.80%
Cement
0.44%
Diversified 7.17% GOI (MD 14/06/2015) Sovereign 3.72
0.82% 0.42%
Construction
from the date of allotment of units 8.20% GOI (MD 15/02/2022) Sovereign 2.38
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Pharmaceuticals
0.33%
0.96%
Telecom - Services 8.26% GOI (MD 02/08/2027) Sovereign 1.26
Petroleum Products
1.09%
0.27%
Fertilisers 168230/09 dated June 30, 2009, no entry load will 7.46% GOI (MD 28/08/2017) Sovereign 0.83
Futures 0.15%
be charged by the Scheme to the investor effective
1.30%
Cash & Other Receivables
August 1, 2009. Upfront commission shall be paid 8.28% GOI (MD 15/02/2032) Sovereign 0.76
1.34%
Software
directly by the investor to the AMFI registered 8.30% GOI (MD 02/07/2040) Sovereign 0.43
1.71%
Non Convertible Debentures 17.62
Banks
Oil
1.93%
36.68% Distributors based on the investors' assessment of
Industrial Products various factors including the service rendered by the Tata Power Co. Ltd. AA 3.35
2.04%
Ferrous Metal distributor. Citifinancial Consumer Fin India Ltd. AA+ 1.72
2.21%
Power Finance Corporation Ltd. AAA 1.62
Auto
3.49% Benchmark . . . . . . . . . . . . . Crisil MIP Blended Index Tata Motors Ltd. AAA 1.55
Power
4.23%
Reliance Utilities &
Portfolio of Reliance monthly Power Pvt.Ltd. CareAAA By Care 1.37
Miscellaneous income PLAN  IDFC Ltd. AAA(Ind) By Fitch 1.17
5.60%
Kotak Mahindra Prime Ltd. LAA By Icra 1.05
Tata Motors Ltd. LA+ By Icra 0.84
Government Finance as on July 31, 2010 LIC Housing Finance Ltd. CareAAA By Care 0.84
HDFC Ltd AAA 0.83
15.90%
of India
14.54% Holdings Rating Weigh-
ONGC Videsh Ltd. AAA 0.68
tage(%) Indian Hotels Company Ltd. LAA+ By Icra 0.62
Index/Stock Futures 1.30 Indian Railway Finance Corpn. Ltd. AAA 0.51
Rating Profile Tata Steel Ltd. August 2010 Future 1.09 HCL Technologies Ltd. AA+ 0.43
Acc Ltd. August 2010 Future 0.14 Tata Communications Ltd. CareAAA By Care 0.27
Rating Weightage (%) Siemens Ltd Fv 2 August 2010 Future 0.07
P1+ 16.38 Rural Electrification Corp Ltd AAA 0.25
SOV 14.54 Certificate Of Deposit 34.11 L&T Finance Ltd CareAA+ By Care 0.19
PR1+ 11.25 Punjab National Bank PR1+ By Care 10.04 Tata Capital Ltd. LAA+ By Icra 0.14
A1+ 8.08 IDBI Bank Ltd A1+ By Icra 5.69 Power Grid Corporation Ltd. AAA 0.09
AAA 5.74 Canara Bank P1+ 3.66 Samruddhi Cement Ltd. AAA 0.08
LAAA 5.13 Oriental Bank Of Commerce P1+ 2.85
AA 3.35 Pass Through Certificates 3.41
AA(IND) 2.81 Bank Of India P1+ 2.72 Tata Teleservices Ltd. Care A+ (SO) By Care 2.58
CARE A+ (SO) 2.58 UCO Bank P1+ 2.32 Aditya Birla Nuvo Ltd. LAA+(SO) By Icra 0.42
CAREAAA 2.48 State Bank Of Patiala A1+ By Icra 1.64 Tata Capital Ltd. CareAA+(SO) By Care 0.41
AA+ 2.15 Union Bank Of India P1+ 1.45
AAA(IND) 1.17 HDFC Bank Ltd. PR1+ By Care 1.22 Warrants 0.21
LAA 1.05 State Bank Of Travancore P1+ 0.81 HDFC Ltd 0.21
LA+ 0.84 Corporation Bank P1+ 0.80 Zero Coupon Bonds 1.72
LAA+ 0.77 IDFC Ltd. LAAA By Icra 1.14
CAREAA+ 0.64 ICICI Bank Ltd. A1+ By Icra 0.74
LAA+(SO) 0.42 State Bank Of Bikaner & Jaipur P1+ 0.16 Lands End
CAREAA+(SO) 0.4 Commercial Paper 1.60 Properties Pvt. Ltd. CareAA+ By Care 0.45
Index/Stock Futures 1.30 HDFC Ltd P1+ 1.60 HDFC Ltd AAA 0.14
Equity Shares 17.39 Cash and Other Receivables 1.32
Warrants 0.21 Equity Shares 17.39 Grand Total 100.00
Cash & Other Receivables 1.34 Tata Consultancy Services Ltd. 1.28 Interest Rate Swap (Notional %) 8.45
Interest Rate Swaps -0.02 Oil & Natural Gas Corporation Ltd. 1.13
Grand Total 100.00 SKF India Ltd. 1.01
PERFORMANCE OF RELIANCE MIP VS CRISIL HDFC Bank Ltd. 0.90 NAV as on July 30, 2010 Rs
MIP BLENDED INDEX as on July 30, 2010 State Bank Of India 0.85
Siemens Ltd. 0.80
Period Returns of Returns of Cairn India Ltd. 0.79 Reliance Monthly Income Fund-
Scheme (%) Benchmark (%) Hindustan Petroleum Corporation Ltd. 0.66 Monthly Dividend Plan 10.9875
6 months 4.86 3.63 Maruti Suzuki India Ltd. 0.64 Reliance Monthly Income Fund-
Bharat Forge Ltd. 0.59
1 Year 13.44 6.52 Cipla Ltd. 0.54 Quarterly Dividend Plan 11.5564
3 Years 14.25 7.05 ITC Ltd 0.52 Reliance Monthly Income Fund-
5 Years 13.09 8.04 Spicejet Ltd. 0.52 Growth Plan 20.8894
Since Inception 11.87 7.02 Hindalco Industries Ltd. 0.52
"Returns are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized returns.
Calculations assume all payouts during the period have been reinvested in the Dividend History
units of the scheme at the prevailing NAV. Past performance may or may
not be sustained in the future."
Date (DD/MM/YY) Rate Cum Dividend EX Dividend
Maturity Profile (Re/ Unit) NAV NAV*
Reliance Monthly Income Plan - Monthly Dividend
Year % of Total
Below 3 months 0.18 July 20, 2010 0.0962 11.0919 10.9970
Between 3-6 months 13.27 June 21, 2010 0.1105 11.1171 10.9829
Between 6-12 months 33.56 May 20, 2010 0.0878 11.0752 10.9602
Between 1 - 2 Years 4.94
Between 2 - 4 Years 4.77 Reliance Monthly Income Plan - Quarterly Dividend
Above 4 Years 23.25 June 21, 2010 0.1757 11.6465 11.4377
Equity Shares 17.39 March 22, 2010 0.1332 11.4777 11.3366
Index/Stock Futures 1.30
Cash & Other Receivables 1.34 December 21, 2009 0.5062 11.8535 11.3007
Grand Total 100.00 Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable
Special Feature surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the
payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of Dividend Plan/Option
Reliance Any Time Money Card would be net of applicable statutory levy, if any
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Fundamentals August 2010 31


ETF
Reliance
Banking Exchange
Traded Fund
investment objective
The investment objective of Reliance Banking
Exchange Traded Fund (RBETF) is to provide returns
that, before expenses, closely correspond to the total
returns of the securities as represented by the CNX
Bank Index. However, the performance of Scheme
may differ from that of the underlying index due to
tracking error.
performance of RELIANCE BANKING  where they are traded.
EXCHANGE TRADED FUND vs CNX Bank index
as on July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 Months 18.38 17.45
1 Year 38.15 37.50
3 Years N.A. N.A.
5 Years N.A. N.A.
Since Inception 35.84 34.09
Calculations assume that all payouts during the period have been reinvested
in the units of the scheme at the then prevailing NAV. Past performance may
or may not be sustained in the future.
Reliance
Gold Exchange
Traded Fund
investment objective
The investment objective is to seek to provide returns
that closely correspond to returns provided by price of
gold through investment in physical Gold (and Gold
related securities as permitted by Regulators from
time to time). However, performance of the scheme
may differ from that of the domestic prices of Gold
due to expenses and or other related factors.
32 Fundamentals August 2010
Fund Data
Type . An Open Ended, Exchange Listed, Index Linked
Scheme (tracking CNX Bank Index)
Date of allotment . . . . . . . . . . . . . . . June 19, 2008
Inception Date . . . . . . . . . . . . . . . . . June 24, 2008
Corpus: . . . . . . . . . . Rs 13.23 crore (July 31, 2010)
Minimum Investment On-going purchases directly from
the Mutual Fund would be restricted to Authorised
Participants and Large Investors provided the value of
units to be purchased is in creation unit size. Authorised
Participants and Large Investors may buy the units on
any business day for the scheme directly from the
Mutual Fund at applicable NAV and transaction charges,
if applicable, by transferring stocks or cash, value of
which is equal to creation unit size. Each creation unit
consist of 10,000 units and cash component, if any, of
Reliance Banking Exchange Traded Fund. Others can
buy the units in multiple of one from the exchange
Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exchange Listed . . . . . . . . . . . . . . . . . . . . . . . . NSE
NSE Symbol . . . . . . . . . . . . . . . . . . . . . . . RELBANK
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Benchmark . . . . . . . . . . . . . . . . . . . CNX Bank Index
Fund Data
Type . . . . An Open Ended Gold ETF that tracks the
domestic prices of gold through investments in
physical gold
Date of allotment . . . . . . . . . . November 21, 2007
Inception Date . . . . . . . . . . . . November 22, 2007
Corpus . . . . . . . . . . Rs 284.09 crore (July 31, 2010)
Minimum Investment. . . . On going purchase directly
from mutual fund would be available only to the
Authorised Participants provided the value of units to
be purchased is in creation unit size. Authorised
Participants may buy the units on any business day for
the scheme directly from the mutual fund at applicable
NAV and transaction charges, if applicable, by depositing
Gold or cash, value of which is equal to creation size.
Each creation unit consists of 1000 units and cash
components, if any, of Reliance Gold Exchange Traded
Fund. Others can buy the units in multiple of one from
the exchange where they are traded.
Exchange listed . . . . . . . . . . . . . . . . . . . . . . . . NSE
NSE Symbol . . . . . . . . . . . . . . . . . . . . . . RELGOLD
Fund Manager . . . . . . . . . . . . . . . . . Hiren Chandaria
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective
August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor.
Benchmark . . . . . As there are no indices catering to
the gold sector/securities linked to Gold, . . currently
GETF shall be benchmarked against the price of Gold.
Portfolio of Reliance Banking Exchange
Traded Fund
as on July 31, 2010
Holdings Weightage (%)
Equities 98.31
ICICI Bank Ltd. 28.93
HDFC Bank Ltd. 21.38
State Bank Of India
Axis Bank Ltd
18.49
9.63
Punjab National Bank 4.08
Kotak Mahindra Bank Ltd. 3.82
Bank Of Baroda 3.63
Bank Of India 2.20
Union Bank Of India 2.05
Canara Bank 1.51
Oriental Bank Of Commerce 1.42
IDBI Bank Ltd 1.17
Cash and Other Receivables 1.69
Grand Total 100.00
NAV as on July 30, 2010 Rs
Reliance Banking Exchange Traded Fund 1,043.4742
Asset Allocation (%)
Equities 98.31
Cash and Other Receivables 1.69
Volatility Measures
Beta -0.2695
Standard Deviation 6.4955
R Squared 0.0046
Sharpe Ratio 0.1230
Portfolio Turnover Ratio 0.18
Note: The above measures have been calculated by taking rolling return
since inception with 5.70% Risk Free returns (takan as 91days T-bill yield
as on July 30, 2010)
Portfolio of Reliance gold exchange
traded fund
as on July 31, 2010
Holdings
Weigh-
tage (%)
GOLD 99.97
GOLD 995 1KG BAR 99.97
Cash and Other Receivables 0.03
Grand Total 100.00
NAV as on July 30, 2010 Rs
Reliance Gold Fund-Dividend Payout 1,688.8119
Asset Allocation (%)
Gold 99.97
Cash and Other Receivables 0.03
PERFORMANCE OF RELIANCE GOLD EXCHANGE
TRADED FUND-DIVIDEND PAYOUT OPTION VS GOLD
PRICE As On July 30, 2010
Period Returns of Returns of
Scheme (%) Benchmark (%)
6 Months 8.06 8.60
1 Year 19.47 20.69
3 Years N.A. N.A.
5 Years N.A. N.A.
Since Inception 20.36 22.60
Returns of Dividend Payout option. Calculations assume that all payouts dur-
ing the period have been reinvested in the units of the scheme at the then
prevailing NAV. Past performance may or may not be sustained in the
future.
 Equity Fund Management Team Debt Fund Management
June 2008 Team
Reliance Any Time Money Card
Name of the Experience in Total Experience
Fund Manager managing the Name of the Experience in Total Experience The facility of anytime withdrawal will be in addition to the physical mode
respective funds Fund Manager managing the of redemption presently available to the unit holders, in any other
Madhusudan Over 16 years respective funds scheme/plan. Unitholders can opt for any of the redemption facility as per
Kela, Head - experience in Mr. Amitabh Over 11 and half his choice and convenience. One cash withdrawal and one balance enquiry
Equity capital market Mohanty years experience will be free every month on HDFC Bank ATMs only. Charges applicable on
Investments in Fixed Income
subsequent transactions or balance enquiry. This card shall not be issued
Sunil Reliance Growth Over 19 Years of Function
to Minors, HUF, NRI, Pvt/Public Ltd Companies, Partnership Firms,
Singhania Fund - Since experience, of
Dec 2003 which 13 years in Mr. Amit Reliance Liquidity Over 7 years Proprietorship Firms, Trusts and any other category of investors as defined

Reliance Equity Capital Markets Tripathi Fund- Since experience in in the SID.
Fund - From June 05 managing Fixed
March 06 till Reliance Floating Income portfolios
Aug 31, 2009 Rate Fund –
Reliance Long Since Oct 07
Term Equity Reliance Liquid
Fund - Since Fund – Cash Plan –
Dec 2006 Since Oct 2003
Reliance Reliance Income
Diversified Fund – From Oct 07
Power Sector to Sept 08
Fund - Since Reliance Liquid
May 2004 Plus Fund –
Reliance Since March 07
Banking Reliance Monthly
Fund - Since Income Plan-
May 2003 Since Oct 08
Ashwani Reliance Vision Over 15 years of Reliance Medium
Kumar Fund - Since experience in Term Fund-
June 2003 equity research Since Oct 08
Reliance Tax & 5 years Mr. Prashant Reliance NRI Income Over 7 years
Saver (ELSS) of experience Pimple Fund- Since experience in
Fund- Since in managing Oct 2008 managing
Sept 2005 equity portfolios Reliance Income fixed income
Reliance Equity & fund Fund- Since securities.
Advantage management Oct 2008
Fund - Since Reliance Gilt
Aug 2007 Securities Fund-
Reliance Monthly Since Oct 2008
Income Plan - Reliance Short
Since Jan 2004 Term Fund-
Sailesh Reliance Equity Over 12 years Since Oct 2008
Raj Bhan Opportunities experience in Reliance Liquid Fund-
Fund- Since Equity Securities Treasury Plan-
March 2005 research, analysis Since Oct 2008
Reliance Equity and fund Reliance Regular
Advantage management Savings Fund – Debt
Fund- Since Option – Since
Aug 2007 Oct 2009
Reliance Pharma Ms. Anju Reliance Money Over 9 years
Fund - Since Chhajer Manager Fund - experience in
June 2004 Since Oct 2009 managing Fixed
Reliance Media Reliance Medium Income
& Entertainment Term Fund - Since portfolios
Fund- Since October 2009
Oct 2004 Reliance Liquidity
Reliance Equity Fund - Since
Linked Saving October 2009
Fund - Series 1- Reliance Dual
Since March 2008 Advantage Fixed
Reliance Dual Tenure Fund -
Advantage Fixed Plan A-Since
Tenure Fund - May 2010
Plan A-Since Mr. Arpit Reliance Medium Around 3 years of
May 2010 Malaviya Term Fund- Since experience of
Omprakash Reliance NRI Over 18 years of Oct 07 to Sept 08 dealing in fixed
S. Kuckian Equity Fund- experience of Reliance Liquid Fund income securities
Since November which 3 years of –Treasury Plan- Since
2004 managing Oct 07 to Sept 08
Reliance Regular investments in Reliance Regular
Savings Fund- equities Savings Fund-
Equity option - Debt option-
Since Oct 2007 Since Oct 07
Reliance Regular Reliance Regular
Savings Fund- Savings Fund-
Balanced option- Balanced option-
Since Oct 2007 Since Oct 07
Reliance Equity Mr. Hiren Reliance Gold ETF Over 3 years exp
Fund - Since Chandaria - Since May 2008 in commodity -
Aug 31, 2009 analysis, advisory,
Shiv Reliance Natural Over 7 years of dealing and
Chanani Resources Fund- experience in trading
Since Feb 2008 Equity Securities
research and
analysisDe
Krishan Daga Reliance Quant Over 16 years of
Plus Fund - experience, of
Since July 2008 which 13 years in
Reliance Banking Equity Research
Exchange Traded
Fund - Since

Fundamentals August 2010 33

SnapShot
equity
Features/ Reliance Reliance Reliance Equity Reliance Quant Plus Fund# Reliance Equity Linked
Scheme Growth Fund Vision Fund Opportunities Fund (Formerly known as Reliance Index Fund.) Saving Fund-Series I

Type An open ended An open ended An open ended diversified equity An open ended equity scheme 10 Year close ended equity linked
equity growth scheme equity growth scheme scheme saving scheme

Inception Date October 8, 1995 October 8, 1995 March 31, 2005 April 18, 2008 April 1, 2008

The primary investment objective of The investment objective of the

the scheme is to seek to generate scheme is to generate capital
capital appreciation & provide long- appreciation through investment in The primary investment objective of
The primary investment objective of The primary investment objective of term growth opportunities by investing equity and equity related instruments. the scheme is to generate long term
Investment the scheme is to achieve long term the scheme is to achieve long-term in a portfolio constituted of equity The scheme will seek to generate capital appreciation from a portfolio
objective growth of capital by investing in growth of capital by investing in securities & equity related securities capital appreciation by investing in an that is invested predominantly in
equity and equity related securities equity and equity related securities and the secondary objective is to active portfolio of stocks selected equities along with income tax
through a research based investment through a research based investment generate consistent returns by from S&P CNX Nifty on the basis of a benefit.
approach. approach investing in debt and money market mathematical model.
securities.

Equity & Equity Related Instruments-

Equity & Equity Related Instruments
Asset 65%-100% & Debt & Money
Allocation Market Instrument 0% - 35%
Equity & Equity Related Instruments
60% - 100% & Debt Instruments
0% - 30% & Money Market
Instruments 0% - 10%
75%-100% & Debt & Money Market
Instruments* 0% - 25% (*including Equity & Equity Related Instruments-
upto 25% of the corpus in securitised 90%-100% & Debt & Money Market Equity-80%-100% & Debt & Money
Debt). An overall limit of 50% of the Instruments - 0%-10% Market Instruments- 0% - 20%
portfolio value (i.e. net assets
including cash) has been introduced
for the purpose of equity derivatives in
the scheme.

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront
Entry Load
commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Retail Plan & Institutional Plan • 1%

of the applicable NAV if redeemed or
switched out on or before completion
of 15 days from the date of allotment Nil^
1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if
Exit Load of units. • There shall be no exit load
redeemed or switched out after the completion of 1 year from the date of allotment of units.
after completion of 15 days from the
date of allotment of units.

Choice of Plans Under each of Retail and Institutional Plan following options are included: Growth Plan (Growth Option & Bonus Option) & Dividend Plan (Dividend Payout Growth Plan (Growth Option) & Dividend
and Options Option & Dividend Reinvestment Option) Plan (Dividend Payout Option)

Fund Manager Sunil Singhania Ashwani Kumar Sailesh Raj Bhan Krishan Daga Sailesh Raj Bhan

Benchmark BSE 100 BSE 100 BSE 100 S&P CNX Nifty BSE 100

Minimum Application Rs 500 & in multiples of Rs 500

Amount Retail Plan: Rs.5000
& in multiples of Re 1 thereafter Institutional
Plan: Rs.5 crore & in multiples
of Re 1 thereafter thereafter

SIP  (only under Retail Plan)  (only under Retail Plan)  (only under Retail Plan)  (only under Retail Plan) 

STP  (only under Retail Plan)  (only under Retail Plan)  (only under Retail Plan)  (only under Retail Plan)  (Available during specified redemption period)

SWP  (both Retail and Institutional Plan)  (both Retail and Institutional Plans)  (both Retail and Institutional Plan)  (both Retail and Institutional Plan) (Aailable during specified redemption period)

#Reliance Index Fund- Sensex and Nifty Plan was launched ^ In accordance with the SEBI (MFs) Regulations, NFO expenses not
on Feb 8,2005. Subsequently the trusteees ofRMF(w.e.f. April 18, exceeding 6% of the amount mobilised, will be charged to the
2008) changed the features of the scheme and renamed the same scheme and will be amortised over a period of 10 years. If the
as Reliance Quant Plus Fund. Please refer addendum to the offer investor opts for the redemption before the completion of 10 years,
document dated March 17, 2008. proportionate unamortised portion of the NFO expenses outstanding
as on the date of the redemption shall be recovered from such
investor.

34 Fundamentals August 2010

 Reliance Regular Savings Reliance Regular Reliance NRI Reliance Tax Saver Reliance Natural
Fund-Equity Option Savings Fund - Balanced Option** Equity Fund (ELSS) Fund Resources Fund

An open ended scheme An open ended scheme An open ended diversified equity scheme An open ended equity linked An open ended equity scheme
savings scheme

June 9, 2005 June 9, 2005 November 16, 2004 September 22, 2005 February 26, 2008

The primary investment objective of
this option is to seek capital
appreciation and/or to generate
consistent returns by actively investing
in Equity & Equity-related Securities.
Equity and Equity related securities
80%-100% and Debt and Money
Market Instruments with an average
maturity of 5-10 yrs -0%-20%
The primary investment objective of this
option is to generate consistent return and
appreciation of capital by invseting in a mix
of securities comprising of equity, equity
related instruments and fixed income
instruments.
Equity and Equity Related Instruments-
50%-75%,Debt & Money Market
instruments-25%-50%
The primary investment objective of the
scheme is to generate optimal returns by
investing in equity and equity related
instruments primarily drawn from the
Companies in the BSE 200 Index.
Equity & Equity Related Instruments
(primarily drawn from the Companies in
the BSE 200 index. The Scheme may
also invest in listed companies that are in
the top 200 by market capitalization on
the BSE and/or in large IPO's where the
market capitalization of the Company
making the IPO based on the Issue price
would make such company to be apart
of the top 200 companies listed on the
BSE based on market capitalization.) -
65% -100% & *Debt & Money Market
Instruments 0% -35% (*including upto
35% of the corpus in securitised Debt)
The primary objective of the scheme is to
generate long-term capital appreciation
from a portfolio that is invested
predominantly in equity and equity related
instruments
Equity and Equity related securities 80%-
100% and Debt and Money Market
Instrument 0% - 20%
The primary investment objective of the
scheme is to seek to generate capital
appreciation and provide long term growth
opportunities by investing in companies
principally engaged in the discovery,
development, production or distribution of
natural resources and the secondary
objective is to generate consistent returns by
investing in debt and money market
securities.
Equity and Equity related Securities of
companies principally engaged in the
discovery, development, production or
distribution of natural resources in: 65%-
100% ( Domestic Companies 65% -100
%, Foreign Companies as permitted by
SEBI/RBI from time to time 0 %-35 %);
Debt and Money market securities (including
investments in securitised debt*):-
0%-35% # including investments in ADRs/
GDRs/Foreign Securities/Overseas ETFs and
any other instruments as may be permitted
by SEBI/RBI upto 35%of the net assets of
the scheme, exposure in derivatives upto a
maximum of 100% of the portfolio value.
* including securitised debt upto 35%

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Retail Plan & Institutional Plan • 1% if

redeemed or switched out on or before
1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or completion of 1 year from the date of
Nil (Lock in Period of 3 years)
switched out after the completion of 1 year from the date of allotment of units. allotment of units. • Nil if redeemed or
switched out after the completion of 1 year
from the date of allotment of units

Growth Plan & Dividend Plan (Dividend Growth Plan (Growth Option, Bonus Option) Growth Plan (Growth Option) & Dividend Retail and Institutional Plan: Growth Plan (Growth
Growth Plan & Dividend Plan (Dividend Payout
Payout Option & Dividend Reinvestment & Dividend Plan ( Dividend Payout Option & Plan (Dividend Payout Option & Dividend Option and Bonus Option) & Dividend Plan (Dividend
Option) Option & Dividend Reinvestment Option) Dividend Reinvestment Option) Reinvestment Option) Payout Option and Dividend Reinvestment Option)

Omprakash Kuckian Arpit Malaviya & Omprakash Kuckian Om Prakash Kuckian Ashwani Kumar Ashwani Kumar, Shiv Chanani

#Crisil Balanced Fund Index
#Benchmark of Reliance Regular Savings A custom benchmark created using the
BSE-100 Fund Balanced Option has been changed to BSE 200 BSE 100 BSE-200 to the extent of 65% of portfolio
Crisil Balanced Fund Index from Crisil MIP and MSCI World Energy Index for balance
Index with effect from 21st Feb-07 35% of the portfolio.

Rs. 500 & in multiples of Rs. 500 & in multiples of Rs 5000 and in multiples of Re 1 Rs. 500 & in multiples of Retail Plan: Rs 5000 per plan per option & in
multiples of Re 1 thereafter Institutional Plan:
Re. 1 thereafter Re. 1 thereafter thereafter Rs. 500 thereafter
Rs.5 crores & in multiples of Re 1 thereafter

    (Subject to 3 yrs Lock-in )  (Only under Retail Plan)

    (Subject to 3 yrs Lock-in )  (Only under Retail Plan)

   (Subject to 3 yrs Lock-in )  (under both Retail and Institutional Plan)

**Reliance Regular Savings Fund- Hybrid Option was launched on
June 9,2005 and subsequently Hybrid Option has been changed to
Balanced Option w.e.f. January 13, 2007.
*In accordance with the requirements specified by the SEBI circular to the ARN Holder and to meet other marketing and selling
no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no expenses. Any amount in excess of 1% shall be credited to the
entry load shall be charged by the Reliance Mutual Fund (RMF) with respective scheme immediately.
effect from August 01, 2009.
Similarly, with effect from August 01, 2009, Exit load/ CDSC (if any)
up to 1% of the redemption value shall be retained by the scheme
in a separate account and will be utilized for payment of commissions

Fundamentals August 2010 35

SnapShot
equity
Features/ Reliance Reliance Equity Reliance Infrastructure Reliance Long-Term
Scheme Equity Fund Advanatge Fund Fund Equity Fund

Type An open ended diversified equity scheme An open ended diversified An open ended diversified An open ended diversified
equity scheme equity scheme equity scheme

Inception Date March 30, 2006 August 9, 2007 July 20, 2009 December 27, 2006

The primary investment objective of the scheme
is to seek to generate capital appreciation &
provide long-term growth opportunities by
Investment investing in a portfolio constituted of equity &
objective equity related securities of top 100 companies
by market capitalization & of companies which
are available in the derivatives segment from
time to time and the secondary objective is to
generate consistent returns by investing in debt
and money market securities.
Equity and Equity related securities 75%
Asset -100% and Debt and Money Market
Allocation Instrument 0% - 25%. (An overall limit of
100% of the portfolio value (i.e. net assets
including cash) has been introduced for the
purpose of equity derivatives in the schemes)
Entry Load Retail Plan: For Subscription below Rs 2 crores-
2.25%,
Nil InFor subscription
terms of Rs 2no.
of SEBI circular crore & above
SEBI/IMD/CIR
but below Rs 5 Crores-
commission shall be1.25%, For subscriptions
paid directly
by the investor to the AMFI registeredPlan: Nil
of Rs 5 Crores & Above -Nil. Institutional Plan:
Nil
The primary investment objective of the fund is
to seek to generate capital appreciation and
provide long term growth opportunities by
investing in a portfolio predominanatly of equity
and equity related instruments with investments
generally in S&P CNX Nifty stocks and the
secondary objective is to generate consistent
returns by investing in debt and money market
securities.
Equity and equity related securities 70%
-100%, Debt and money market securities
(including investments in securitised debt*) 0%
-30%.* Including upto 25% of the corpus in
securitised debt.(An overall limit of 100% of the
portfolio value has been introduced for the
purpose of equity derivatives in the scheme,
however the same is the notional value and it
will be seen that, the notional value of the net
exposure to the derivatives will not exceed the
fund corpus at any point of time. Notional value
shall mean value of Future or notional value of
Option)
No.4/ 168230/09 dated
Retail Plan: June 30, 2009, no entry load will be
2.25%
Institutional
Distributors based on the investors' Institutional
The primary investment objective of the scheme
is to generate long term capital appreciation by
investing predominantly in equity ang equity
related instruments of companies engaged in
infrastructure and infrastructure related sectors
and which are incorporated or have their area of
primary activity, in India and the secondary
objective is to generate consistent returns by
investing in debt & money market securities
Equities and equity related securities including
derivatives engaged in infrastructure sectors and
infrastructure related sectors #: 65%-100%.
Debt and Money market securities** (including
investments in securitised debt): 0% - 35%. **
including securitised debt upto 30%. #Atleast
65% of investment would be made in equity /
equity related securities of companies engaged
in infrastructure sectors and infrastructure related
sectors.
charged
Retail Plan:by the Scheme to the investor
2.25%
assessment ofPlan: Nil factors includingopen
various
Crore & above but below Rs 5 Crore -1.25%,
The primary investment objective of the
scheme is to seek to generate long term
capital appreciation & provide long-term
growth opportunities by investing in a
portfolio constituted of equity & equity related
securities and Derivatives and the secondary
objective is to generate consistent returns by
investing in debt and money market securities.
Equity and equity related securities
Instruments 70% -100%, Debt and money
market securities (including investments in
securitised debt) instruments 0%-30%. ( An
overall limit of 100% of the portfolio value
has been introduced for the purpose of equity
derivatives in the scheme)
Since it is a close ended scheme, for
subscription at the time of NFO N.A. On
ongoing basis on maturity of the scheme
when effective Augustautomatically
it is converted 1, 2009. Upfront
into an
ended scheme:For
the service rendered bySubscription below
the distributor
Rs 2 Crore- 2.25%,For Subscription of Rs 2
For Subscription of Rs 5 Crore & above - Nil

Exit Load 1% if redeemed/switched out on or before

Retail Plan & Institutional Plan • 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. completion of 1 year from the date of allotment
• Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units of units
Nil if redeemed/switched after completion of
1year from the date of allotment of units

Choice of Plans and The schemes Offers two plans, Retail Plan and
Options Under Retail and Institutional Plan there are two options: Growth Plan (Growth Option Institutional Plan. Each Plan has the following : Growth Plan (Growth Option) & Dividend Plan
& Bonus Option) & Dividend Plan (Dividend
Payout Option & Dividend Growth Plan (Growth Option & Bonus Option) & (Dividend Payout Option & Dividend
Reinvestment
Option) Dividend Plan (Dividend Payout Option & Reinvestment Option)
Dividend Reinvestment Option)
Fund Manager Omprakash Kuckian Ashwani Kumar & Sailesh Raj Bhan Sunil Singhania Sunil Singhania

Benchmark S&P CNX Nifty S&P CNX Nifty BSE 100 BSE 200

Minimum Application Retail Plan: Rs 5000 and in multiples of Re. 1

Amount "Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter under each option, thereafter. Rs. 5000 and in multiples of Re 1 thereafter
Institutional Plan: Rs. 5 crores in multiples of Re. 1 thereafter under each option Institutional Plan: Rs. 5 crores and in multiples under each plan
of Re. 1 thereafter.

 
SIP (only under Retail Plan) (only under Retail Plan)  

 
STP (only under Retail Plan) (only under Retail Plan)  

SWP  
(under both Retail and Institutional Plans) (under both Retail and Institutional Plans)  

36 Fundamentals August 2010

 Reliance Reliance Diversified Reliance Media & Reliance
Banking Fund Power Sector Fund Entertainment Fund Pharma Fund

An open ended banking sector scheme An open ended power sector scheme An open ended media & entertainment sector An open ended
scheme pharma sector scheme

May 28, 2003 May 10, 2004 October 7, 2004 June 8, 2004

The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to
seek to generate continuous returns by actively seek to generate continuous returns by actively generate consistent returns by investing in equity seek to generate continuous returns by investing in
investing in equity and equity related or fixed income investing in equity and equity related or fixed income and equity related or fixed income securities of equity and equity related or fixed income securities of
securities of companies in the Banking Sector securities of Power and other associated companies Media & Entertainment and other associated Pharma and other associated companies
companies

Equity & Equity Related Instruments-0%-100% &
Equity & Equity Related Instruments- 0% (Minimum) - 80% (Most Likely) -100% (Maximum) & Debt & Money Market Instruments with Average Maturity of
Debt & Money Market Instruments: 0%-100%
5-10 years-
0% (Minimum) - 80% (Most Likely) - 100% (Maximum)

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered Distributors based on the investors'

assessment of various factors including the service rendered by the distributor

Retail Plan & Institutional Plan • 1% if redeemed or switched out on or before completion of 1 year
1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units.

from the date of allotment of units. • Nil if redeemed or switched out after the completion of 1 year from
Nil if redeemed or switched out after completion of 1 year from the date of allotment of units

the date of allotment of units




Under Retail and Institutional Plan there are two options: Growth Plan (Growth Option & Bonus Option) & Dividend Growth Plan (Growth Option & Bonus Option) & Dividend Plan (Dividend Payout Option & Dividend

Plan (Dividend Payout Option & Dividend Reinvestment Option) Reinvestment Option)

Sunil Singhania Sunil Singhania Sailesh Raj Bhan Sailesh Raj Bhan

S&P CNX Banks Index India Power Index S&P CNX Media & Entertainment Index BSE Healthcare Index

Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter,
Institutional Plan: Rs. 5 crore in multiples of Rs 5000 per plan per option and in multiples of Re Rs 5000 and in multiples of Re 1 thereafter
Re. 1 thereafter
1 thereafter

 (only under Retail Plan)  (only under Retail Plan)  

 (only under Retail Plan)  (only under Retail Plan)  

 (Both Retail & Institutional Plan)  (Both Retail & Institutional Plan)  

Fundamentals August 2010 37

SnapShot
debt
Features/ Reliance Medium-Term Fund Reliance Money Manager Fund Reliance Regular Savings Fund Reliance Monthly
Scheme -Debt Option Income Plan
An open ended income scheme with no An open ended fund. Monthly Income is not
Type assured returns An open ended income scheme An open ended scheme assured & is subject to the availability of
distributable surplus

Inception Date September 25, 2000 March 21, 2007 June 9, 2005 January 13, 2004

The primary investment objective of this
The primary investment objective of the The investment objective of the Scheme is to option is to generate optimal returns The primary investment objective of the scheme is
Investment scheme is to generate regular income in generate optimal returns consistent with consistent with a moderate level of risk. to generate regular income in order to make regular
objective order to make regular dividend payments to moderate levels of risk and liquidity by investing This income may be complemented by dividend payments to unitholders and the secondary
unitholders and the secondary objective is in debt securities and money market securities capital appreciation of the portfolio. objective is growth of capital
growth of capital. Accordingly, investments will
predominantly be made in Debt & Money
Market Instruments.

Money Market Instruments/Short Term debt Debt* Instruments including Government
Instruments/Floating Rate Notes with maturity/ Securities, Corporate Debt, Other debt Debt Instruments( including securitised
interest rate reset period not exceeding 3 instruments and Money Market Instruments with debt) with maturity of more than 1 year
Asset months: 0% - 80%, Money Market average maturity less than equal to 12 months- 65% -100% & Money Market Equity and Equity related Securities-0%-20%,
Allocation Instruments (CPs, T-Bills, CDs) and/or other 0% - 100%,Debt* Instruments including Instruments (including cash/ Call Money Fixed Income Securities 80% - 100% (Securitised
Short Term debt instruments (Floating Rate Government Securities, Corporate Debt and other & Reverse Repo) and Debentures with debt upto 25% of the corpus)
Notes, Short Tenor NCDs, Securitized debt) and debt Instruments with average maturity greater maturity of less than 1 year( Securitised
any other instrument with maturity/interest rate than 12 months- 0% - 50% (*Securitised debt debt will be a part of the debt securities,
reset period of more than 3 months: 20% - upto 60% of the corpus) upto 25% of the corpus) - 0% -35%
100%. w.e.f. September 19, 2009
Nil Under Retail and Institutional Plan: Nil Under both Retail and Institutional Plan : Nil Nil
Entry Load Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront
commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor


Under both Retail and Institutional Plan : 1% if the units are redeemed/switched out on or
2%, if redeemed/switched out on or before completion of 1year from the date of
Exit Load Nil Under Retail and Institutional Plan: Nil before completion of 1 year. Nil, if allotment of units. There shall be no exit load after
completion of 1year from the date of allotment of
redeemed/switched out after completion
units.
of 1 year.

For Retail and Institutional Plan: Growth Option,

Bonus Option, Dividend Option (Dividend
Growth Plan (Growth Option) & Dividend Reinvestment Option- (Daily Dividend Under Retail Plan and Institutional Plan: Growth Plan & Dividend Option (Dividend Payout
Choice of Plans and Plan (Dividend Payout Option & Dividend Reinvestment , Weekly Dividend Reinvestment , Growth Plan & Dividend Plan (Dividend Option & Dividend Reinvestment Option)
Options Reinvestment Option) Monthly Dividend Reinvestment, Quarterly Payout Option & Dividend Reinvestment
Dividend Reinvestment), Dividend Payout Option- Option)
(Monthly Dividend Payout, Quarterly Dividend
Payout)
For both Dividend Payout & Reinvestment Daily(reinvestment option),Weekly(reinvestment
Dividend Frequencies option - Weekly, Monthly & Quarterly. For option), under Monthly & Quarterly (both NA Monthly & Quarterly for both the options
Dividend Reinvestment Option only - Daily reinvestment option & payout option)
Dividend Periodicity$ – – – —
Weekly Tuesday Every Friday - —
Monthly 20th 19th - 20th
Quarterly 20th of last month of each 19th - 20th of last month of each calendar quarter
calendar quarter
Half yearly — – - —

Annual — - - —
Fund Manager Amit Tripathi & Anju Chhajer Amit Tripathi & Anju Chhajer Arpit Malaviya & Prashant Pimple Amit Tripathi & Ashwani Kumar
Benchmark
Crisil Short Term Bond Fund Index Crisil Liquid Fund Index Crisil Composite Bond Fund Index Crisil MIP Blended Index

For Retail Plan (All Options) - 1 lakh and in Retail Plan: Rs. 500 per option & in For Growth Option; Rs. 10,000 and in multiples of
Minimum Application multiples of Re 1 thereafter, For Institutional Plan multiples of Re. 1 thereafter. Institutional Re 1 thereafter; Monthly Dividend Option: Rs
Amount Rs. 5,000 (All Options) - Rs 1 Crore and in multiples of Re Plan: Rs. 25 lacs per option and in 25,000 and in multiples of Re 1 thereafter;
1 thereafter multiples of Re. 1 thereafter. Quarterly Dividend Option: Rs 10,000 and in
multiples of Re 1 thereafter

SIP    
STP    
SWP    

$ If the dividend declaration date for any of the specified frequencies is a non business day then the
immediate next business day becomes the record date.

38 Fundamentals August 2010

 Reliance Reliance Short Term Fund # Reliance Gilt Securities Fund Reliance Dynamic Bond Fund
Income Fund

An open ended income scheme An open ended income scheme An open ended government securities scheme An open ended income scheme

January 1, 1998 December 23, 2002 August 22, 2008 November 16, 2004

The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to
generate optimal returns consistent with moderate generate stable returns for investors with a short generate optimal credit risk-free returns by investing generate optimal returns consistent with moderate
level of risk. This income may be complemented by term investment horizon by investing in fixed income in a portfolio of securities issued and guaranteed by levels of risk. This income may be complemented by
capital appreciation of the portfolio.Accordingly, securitites of a short term maturity the Central Government and State Government capital appreciation of the portfolio. Accordingly,
investments shall predominantly be made in Debt & investments shall predominantly be made in Debt &
Money Market Instruments money market Instruments

Debt & Money market instruments with average

Debt Instruments 50% - 100%, Money Market maturity upto 1 year:- 60% - 100%; Debt Gilts 70% - 100%, Money Market Instruments 0% Debt instruments -0% - 100%. *Investment in
Instruments 0% - 50% instruments with average maturity greater than a year - 30% securitised debts upto 40% may be undertaken.
and normally upto 7 years depending upon
availability:- 0% - 40%

Nil Nil For Retail Plan and Institutional Plan: Nil Nil
Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

1% of the applicable NAV if the units are redeemed/

switched out on or before completion of 30 days 1.00%, if the units are redeemed within 6 months
from the date of allotment of units. There shall be
Nil Retail Plan & Institutional Plan: Nil from the date of allotment of units. Nil, if units are
no exit load after completion of 30 days from the
redeemed after six months from the date of allotment
date of allotment of units.
of units

Under Retail Plan: Growth Plan (Growth Option, Growth Plan (Growth Option) & Dividend Plan Growth Option , Dividend Plan (Dividend Payout Growth Plan (Growth Option) & Dividend Plan
Bonus Option) & Dividend Plan (Dividend Payout (Dividend Payout Option & Dividend Reinvestment Option & Dividend Reinvestment Option) & Provident (Dividend Payout Option & Dividend Reinvestment
Option & Dividend Reinvestment Option) Option) Fund (PF) Option (ACAPO,DMDO,AARO).## Option)

Monthly, Quarterly, Half Yearly, Annual for both

options Monthly & Quarterly for both options Monthly -

— — – –
— — - -
19th 25th 25th -
19th of last month of each 19th of last month of each - -
calendar quarter calendar quarter
19th of last month of each — - -
financial year
19th March — - -
Prashant Pimple Prashant Pimple Prashant Pimple Prashant Pimple

Crisil Composite Bond Fund Index Crisil Liquid Fund Index I Sec - Li Bex Crisil Composite Bond Fund Index

For Growth Option: Rs. 5,000; Monthly Dividend

Plan: Rs 25,000 and in multiples of Re 1 thereafter;
Quarterly Dividend Plan: Rs 10,000 and in multiples
of Re1 thereafter; Half Yearly Dividend Plan: Rs
5,000 and in multiples of Re 1 thereafter; Annual Rs. 5,000 and in multiples of Re 1 thereafter Retail: Rs. 10,000 Institutional Plan: Rs. 1 crore Rs. 5,000 and in multiples of Re 1 thereafter
Dividend Plan: Rs 5,000 and in multiples of Re 1
thereafter.

   (Retail Plan) 
   (Retail Plan) 
   (Retail Plan & Institutional Plan) 

#The key features of Reliance Gilt Securities Fund having Short Term Plan and Long Term Plan $ If the dividend declaration date for any of the specified frequencies is a non business day then
have been changed w.e.f August 22, 2008. Pursuant to the changes, the scheme will have Retail the immediate next business day becomes the record date.
Plan and Institutional Plan . For more details please refer to the Addendum dated July 21, 2008.
## ACAPO - Automatic Capital Appreciation Payout Option, DMDO - Defined Maturity Date
Option, AARO - Automatic Annual Reinvestment Option.

Fundamentals August 2010 39

SnapShot
debt
Features/ Reliance Liquid Fund-Cash Plan Reliance Liquid Fund-Treasury Plan Reliance Liquidity Fund Reliance Floating Rate Fund - Short Term Plan
Scheme

Type An open ended liquid scheme An open ended liquid scheme An open ended liquid scheme An open ended income Scheme

Inception Date December 7, 2001 March 23, 1998 June 16, 2005 September 2, 2004

The primary investment objective of the scheme is

The investment objective of the scheme is to
generate optimal returns consistent with
Investment objective moderate levels of risk and high liquidity.
Accordingly, investments shall predominantly
be made in Debt and Money Market
Instruments
The primary investment objective of the
scheme is to generate optimal returns
consistent with moderate levels of risk and
high liquidity. Accordingly, investments shall
predominantly be made in Debt and Money
Market Instruments
to generate regular income through investment in a
The investment objective of the Scheme is to portfolio comprising substantially of Floating Rate
generate optimal returns consistent with Debt Securities (including floating rate securitised
moderate levels of risk and high liquidity. debt, Money Market Instruments and Fixed Rate
Accordingly, investments shall predominantly be Debt Instruments swapped for floating rate returns)
made in Debt and Money Market Instruments. The scheme shall also invest in Fixed Rate Debt
Securities (including fixed rate securitised debt,
Money Market Instruments and Floating Rate Debt
Instruments swapped for fixed returns).

Fixed Rate Debt Securities (including securitized

Reverse Repo & CBLO 0% - 100% Mibor debt, Money Market Instruments & Floating Rate
Linked instruments with daily Put/ Call Options Repo and Reverse Repo 0% - 35%,Money Debt Instruments swapped for fixed rate
and Overnight Interest Rate Reset Linked Debt Call Money/Cash/Repo and Reverse Repo 0% Market Instruments (Mibor linked instruments, returns):- 0% - 75%. Money market instruments
Asset Instruments*0% - 100% *Investments in - 50%,Money Market Instruments (Mibor CPs, T-Bills, CDs) and/or other Short Term and Floating Rate Debt Securities (including
Allocation Overnight Interest Rate Reset Linked Debt linked instruments, CPs, T-Bills, CDs and/or instruments (Floating Rate Notes, Short Tenor floating rate securitised debt & Fixed rate debt
Instruments (with maturity or put/call greater other Short Term papers) 0% - 95% NCDs, PTCs) and/or Less than 1 year maturity instruments & Floating Rate Debt Instruments
than one day) shall not exceed 50% of the Gsecs- 65% -100% swapped for Fixed Rate returns) with tenure
corpus of the scheme. exceeding 3 months upto a maturity of 3 years:-
25% - 100%

Entry Load Nilcircular no. SEBI/IMD/CIR No.4/ 168230/09

Nil In terms of SEBI Nil
Nildated June 30, 2009, no entry load will be charged Nil 1, 2009. Upfront
by the Scheme to the investor effective August
commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

0.25%, if the units are redeemed within 1

Exit Load Nil Nil Nil months from the date of allotment (w.e.f. June 3,
2010). Nil thereafter

Under Retail Plan & Institutional Plan: Growth Growth Option, Bonus Option & Dividend Growth Plan (Growth Option) & Dividend Plan
Choice of Plans and Growth Option (Growth Option) & Dividend Option & Dividend Option (Dividend Payout Option (Dividend Payout Option & Dividend (Dividend Payout Option & Dividend Reinvestment
Options Option (Dividend Reinvestment Option) Option & Dividend Reinvestment Option) Reinvestment Option) Option)

Daily (Dividend Reinvestment),Weekly Daily(Dividend Reinvestment),Weekly(Dividend

Dividend Frequencies Weekly & Daily under only Dividend (Dividend Reinvestment), Under Monthly & Reinvestment), Under Monthly & Quarterly Under Payout Option (Weekly, Monthly,
Reinvestment option Quarterly options (both dividend reinvestment options (both dividend reinvestment & dividend Quarterly), Under Reinvestment Option (Daily,
& dividend payout) payout) weekly, Monthly, Quarterly)

Dividend Periodicity$ – – – –

Weekly Every Friday Every Friday Every Friday Every Tuesday

Monthly 25th 25th 19th

Quarterly - 19th 19th 19th

Half yearly - - - —

Annual - - - —

Fund Manager Amit Tripathi Prashant Pimple Amit Tripathi & Anju Chhajer Amit Tripathi

Benchmark Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index

Retail Plan: Rs. 5,000 and in multiples of Re 1

Minimum Application Rs. 25,000 and in multiples of Re 1 thereafter Institutional Plan: Rs. 1,00,00,000 Rs 5 Crore and in multiples of Re 1 thereafter Rs. 5,000 and in multiples of Re 1 thereafter
Amount thereafter and in multiples of Re 1 thereafter

SIP   (Retail Plan)  

STP    

SWP   (Retail Plan)  

$ If the dividend declaration date for any of the specified frequencies is a non business day then the immediate next business day becomes the record date.

40 Fundamentals August 2010

SnapShot
ETF
Reliance Gold Exchange Reliance Banking Exchange
Traded Fund Traded Fund

An open ended gold exchange traded fund An open ended, exchange listed, index linked scheme (tracking CNX Bank Index).

November 22, 2007 June 24, 2008

The investement objective is to seek to provide returns that closely correspond to returns provided by price
of Gold through investment in physical Gold (and Gold related securities as permitted by Regulators from
time to time). However, the performance of the scheme may differ from that of the domestic prices of
Gold due to expenses and or other related factors. However, there can be no assurance that the
investment objective of the scheme will be achieved.
The investment objective of Reliance Banking Exchange Traded Fund (RBETF) is to provide returns that,
before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank
Index. However, the performance of Scheme may differ from that of the underlying index due to tracking
error. There can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Physical Gold or Gold related Instruments as permitted by regulators from time to time^-90-100%, Securities covered by the CNX Bank Index- 90-100%;
Money Market Instrument, Bonds, Debentures, Government Securities including T-Bills, Securitised Debt** Money Market instruments including CBLO- 0-10%
& other debt securities as permitted by regulators from time to time-0-10%(** upto 10% in securitised
debt)

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/Nil 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective NilAugust 1, 2009. Upfront commission shall be paid
directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Nil Nil

Dividend Pay out option —

NA

NA

NA

NA

NA

NA

NA

Hiren Chandaria Krishan Daga

As there are no indices catering to gold sectors/securities linked to Gold, currently GETF shall be benchmarked against the price of Gold CNX Bank Index

On going purchase directly from mutual fund would be available only to the Authorised Participants provided the
value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business
day for the scheme directly from the mutual fund at applicable NAV and transaction charges, if applicable, by
depositing Gold or cash, value of which is equal to creation size. Each creation unit consists of 1000 units and
cash components, if any, of Reliance Gold Exchange Traded Fund. The minimum number of units that can be
bought or sold through the stock exchange is 1 (one) unit.
On going purchases directly from the Mutual Fund would be restricted to Authorised Participants and Large Investors
provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may
buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction
charges, if applicable, by transfering stocks or cash, value of which is equal to creation unit size. Each creation unit
consist of 10,000 units and cash component, if any, of Reliance Banking Exchange Traded Fund. On ongoing basis
for all category of investors, they can purchase the units from the exchange with minimum size being 1 unit

 

 

 

^ Presently, investment only in physical gold is allowed as per SEBI guidelines. Investment in gold
related instruments maybe undertaken as and when permitted by SEBI.

Fundamentals August 2010 41

42 Fundamentals August 2010
 Sponsor: Reliance Capital Limited Trustee: Reliance Capital Trustee Co. Limited Investment Manager: Reliance Capital Asset Management Limited.
Statutory Details: The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956.
Reliance Banking Exchange Traded Fund (An open-ended, exchange listed, index linked Scheme) : The investment objective of Reliance Banking
Exchange Traded Fund is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX
Bank Index. However, the performance of Scheme may differ from that of the underlying index due to tracking error.
Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance and no guarantee that the Schemes
objectives will be achieved. As with investments in any securities, the NAVs of the units issued under the Scheme can go up or down depending on the
factors and forces affecting the securities market. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of future performance of the
Scheme. Reliance Banking Exchange Traded Fund is only the name of the scheme and does not in any manner indicate either the quality of the Scheme,
its future prospects or returns. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial
contribution of Rs.1 lac towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. The NAV of the Scheme may
be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund
is not guaranteeing or assuring any dividends/ bonus. The Mutual Fund is also not assuring that it will make periodical dividend/ bonus distributions,
though it has every intention of doing so. All dividend/ bonus distributions are subject to the availability of distributable surplus in the respective Scheme
For details of scheme features apart from those mentioned above and scheme specific risk factors please refer to the Offer Document/Scheme
Information Document. Please read the offer document / scheme information document carefully before investing.

Disclaimers: The Fund Edge & Fund Snapshot is meant for general reading purpose only and is not meant to serve as a professional guide for the readers. Readers are advised
to seek independent professional advice and arrive at an informed investment decision before making any investments. This information is not intended to be an offer or
solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations.
Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. None of The Sponsor, The
Investment Manager, The Trustee, their respective directors, employees, affiliates or representatives shall be liable for any direct, indirect, special, incidental, consequential,
punitive or exemplary damages, including lost profits arising in any way from the information contained in this material.

Sponsor Reliance Capital Ltd. Trustee Reliance
Capital Trustee Co Ltd. Investment Manager
Reliance Capital Asset Management Ltd. Statutory
Details The Sponsor, the Trustee and the Investment
Manager are incorporated under the Companies Act
1956.
Term Fund, Reliance Regular Savings Fund – Debt,
Reliance Regular Savings Fund – Equity, Reliance
Regular Savings Fund – Balanced, Reliance Interval
Fund, Reliance Monthly Income Plan, Reliance
Gilt Securities Fund, Reliance Growth Fund,
Reliance Vision Fund, Reliance Equity Opportunities
of the Scheme may be affected, interalia, by
changes in the market conditions, interest rates,
trading volumes, settlement periods and transfer
procedures. The Sponsor is not responsible or liable
for any loss resulting from the operation of the
Scheme beyond their initial contribution of Rs.1 lac
Marcom/Factsheet/January 09/Ver 2.1/17/01/09

Risk Factors All Mutual Funds and securities
investments are subject to market risks and there
is no assurance or guarantee that the objectives
of the Scheme will be achieved. As with any
investment in securities, the NAV of the Units
issued under the Scheme can go up or down
depending on the factors and forces affecting the
capital markets. Reliance Liquidity Fund, Reliance
Money Manager Fund, Reliance Liquid Fund -
Treasury Plan, Reliance Liquid Fund - Cash Plan,
Reliance Floating Rate Fund Short Term Plan,
Reliance Dynamic Bond Fund, Reliance Income
Fund, Reliance Medium Term Fund, Reliance Short
Fund, Reliance Tax Saver (ELSS) Fund, Reliance
Equity Advantage Fund, Reliance Equity Fund,
Reliance NRI Equity Fund, Reliance Natural
Resources Fund, Reliance Quant Plus Fund,
Reliance Long Term Equity Fund, Reliance Equity
Linked Savings Scheme - Series I, Reliance Media
and Entertainment Fund, Reliance Pharma Fund,
Reliance Banking Fund, Reliance Diversified Power
Sector Fund, Reliance Gold Exchange Traded Fund
and Reliance Banking Exchange Traded Fund are
only the name of the schemes and does not in
any manner indicate either the quality of the
Scheme their future prospects or returns. The NAV
towards the setting up of the Mutual Fund and such
other accretions and additions to the corpus. The
NAV of the Scheme may be affected, interalia, by
changes in the market conditions, interest rates,
trading volumes, settlement periods and transfer
procedures. The Mutual Fund is not assuring that it
will make periodical dividend distributions, though it
has every intention of doing so. All dividend distri-
butions are subject to the availability of distributable
surplus in the Scheme. Please read the Scheme
Information Document of the respective Schemes
& Statement of Additional Information carefully
before investing.

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Fundamentals August 2010 43