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INVEST IN RELIANCE DIVERSIFIED POWER SECTOR FUND – GROWTH

Submitted by TheIndiaStreet on June 7, 2008 - 8:14am.
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BY: BHARAT RATNA


OBJECTIVE OF THIS SCHEME

The primary investment objective of the Scheme is to generate consistent returns by investing in equity / equity related or fixed income securities of power and other companies associated with the power sector.


FEATURES


Type: Open Ended, Equity – Growth

Started on – Apr 15, 2004

Minimum Investment – Rs.5000

Face Value : Rs.10

Fund size : Rs. 5513 Crores on May 30, 2008

Investor can invest on monthly basis in Systematic Investment Plan

Expense ratio: 1.87%

Portfolio Turnover: 40%

Entry Load : 2.25%

Exit load: 1%

Portfolios

Reliance Diversified Power Sector Fund - Growth
Fund Size as on May 30, 2008
Fund Size ( Rs. in crores) 5513.72
Asset Allocation as on May 30, 2008
Equity 70.14%
Debt 0%
Others 29.86%
 
 
Top 10 Holding as on Apr 30, 2008
EQUITY
Company Name Instrument No. of Shares Market Value (Rs. in crores) Percentage of Net Assets  
Other Equities Equity   412.66  7.05   
Tata Power Company Ltd Equity 2601174  363.11  6.2   
Reliance Industries Ltd Equity 1302287  340.48  5.82   
Reliance Energy Ltd Equity 2273011  325.17  5.56   
Jindal Steel and Power Ltd. Equity 1171001  281.00  4.8   
Oil & Natural Gas Corpn Ltd Equity 2718125  280.80  4.8   
Punj Lloyd Ltd. Equity 6557593  240.11  4.1   
JaiPrakash Associates Ltd. Equity 7414090  201.44  3.44   
Torrent Power Ltd Equity 12844317  167.88  2.87   
Siemens Ltd Equity 2376891  135.92  2.32   
* No. of shares shown above may have been calculated on the basis of percentage of net assets and market values taking NSE closing prices and not necessarily declared by fund house.
 
  
Change in Portfolio(Sector-Wise)(%) as on 31 mar 2008
 
  Sector Name Current Month Previous Month
A Power Generation, Transmission & Equip 23.17 22.19
B Oil & Gas, Petroleum & Refinery 12.89 12.69
C Housing & Construction 8.59 7.95
D Miscellaneous 8.16 8.50
E Electricals & Electrical Equipments 7.37 8.14
F Engineering & Industrial Machinery 4.80 4.93
G Steel 4.80 4.51
H Electronics 2.32 2.73
I Banks 2.10 2.00

 
RECOMMENDATION: This Reliance Diversified Power Sector Fund – Growth stood at Number One position in giving 44% return on investment for one year. Investment in June to December 2007 had given 67% returns on investment. This is the right time to invest in this scheme since it is Top Performance Scheme in the Open Ended Equity Growth Schemes. Investors can expect definitely 30-50% on their investments with a duration of six months from June 2nd week to 2nd week of December 2008. NAV as on June 5, 2008 – Rs.60.29


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