NFO(New Fund Offer) Reliance Equity Advantage Fund

Reliance Equity Advantage Fund

Scheme Objective:-The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio predominately of equity & 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.

NFO Open From:- 12 /June/07
NFO Closes On :- 10/July/07

Fund Manager :- Ashwani Kumar/Shailesh Raj Bhan

Fund Class:- Equity Diversified
Fund Type :- Open Ended

Asset Allocation/Investment pattern
Under normal circumstances, the anticipated asset allocation would be

Instrument Indicative asset allocation Risk Profile
Equity and Equity related Securities 70% to 100% Medium to High
Debt and Money market securities
(including investments in securitised debt*) 0% to 30% Low to Medium


*Including up to 25% of the corpus in Securitised Debt. 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 scheme, however the same is the notional value and it will be seen that, the notional value of the net exposure to derivatives will not exceed the fund corpus at any point of time. Notional value shall mean value of Futures or notional value of the Options.

Options Available :
Retail Plan
Institutional Plan
Each of the above Plans will have Growth & Dividend Plans respectively as specified below

Growth Plan : Growth Option & Bonus Option
Dividend Plan : Dividend Payout Option & Dividend Reinvestment Option

Benchmark Index : S&P CNX Nifty

Application Amount :

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

Additional Purchase Amount
Retail Plan - Rs. 1000 per plan per option and in the multiples of Re. 1thereafter
Institutional Plan - Rs. 100,000 per plan per option and in the multiples of Re. 1 thereafter
Load Structure (During the New Fund Offer and continuous offer including SIP)

Entry Load

Plans Entry Load
Retail Plan 2.25%
Institutional Plan Nil


Exit Load

Retail Plan

1% if redeemed/switched on or before completion of 6 months from the date of allotment
0.5% if redeemed/switched between 6 months & before completion of 1 year from the date of allotment
Nil if redeemed/switched after completion of 1 year from the date of allotment.
Institutional Plan : Nil

SIP/Trigger/ STP/ SWP/ DTP/Switch/ Nomination : Available


Please read the offer document carefully before investing.
Mutual Funds investment refers to Market Risk.

Mutual Funds..

Franklin ranklin India High Growth Companies Fund
NFO Period: May 31st, 2007 till June 29th, 2007.
Investment Objective: An open-end diversified equity fund that seeks
to achieve capital appreciation through investments in Indian companies/
sectors with high growth rates or potential.
Structure: Open Ended Equity Scheme with high growth focus
Asset Allocation Pattern
Instrument % Of Net Assets
Equity and Equity Related Securities 70 - 100
Debt & Money Market Securities/Instruments/Funds 0 - 30
Benchmark Index: S&P CNX 500
Entry Load: Application Amount less than Rs 5 Crores: 2.25%,
Application Amount of Rs 5 Crores & above: Nil
Exit Load: Application Amount less than Rs. 5 Crores - 0.50% for
redemption within 6 months of allotment. Application Amount of Rs.
5 Crores and above - 1% for redemption within 1 year of allotment)
Minimum Investment: Rs.5000 and in multiples of Re.1
Fund Manager: K.N. Sivasubramanian & Anand Radhakrishnan
Plans & Options: The Scheme offers Growth option and Dividend
option. The Dividend option offers Dividend Payout and Dividend
Reinvestment facilities.
Cheque Favoring: Franklin India High Growth Companies Fund
Highlights: An open ended equity oriented scheme with an objective
to invest predominantly in a diversified portfolio constituting equity
and equity related instruments. The investment style of the fund
manager will be a combination of 'growth' & Blend of top-down and
bottom-up approach of investing.
Reliance Equity Advantage Fund
NFO Period: June 12th, 2007 till July 10th, 2007
Investment Objective: The primary investment objective of the scheme
is to seek to generate capital appreciation & provide long-term growth
opportunities by investing in a portfolio predominantly of equity &
equity related instruments with investments generally in S&P CNX Nifty
stocks. The secondary objective is to generate consistent returns by
investing in debt and money market securities.
Structure: An open-ended diversified equity scheme
Asset Allocation Pattern
Instrument % Of Net Assets
Equity and Equity Related Securities 70 - 100
Debt and Money market securities
(including investments in securitised debt) 0 - 30
Benchmark Index: S&P CNX Nifty
Entry Load: 2.25% for Retail Plan & Nil for Institutional Plan.
Exit Load: Retail Plan: 1% if redeemed/switched on or before 6 months,
0.50% if redeemed/switched between 6 months & before completion
of 1 year, Nil if redeemed/switched after completion of 1 year from
the date of allotment. Institutional Plan: Nil
Minimum Investment: Rs.5,000/- per application, plus in multiples of
Re.1 thereof for Retail Plan & Rs.5 crores per application, plus in
multiples of Re.1 thereof for Institutional Plan.
Fund Manager: Ashwani Kumar
Plans & Options: The Scheme offers Growth option and Dividend
option. The Dividend option offers Dividend Payout and Dividend
Reinvestment facilities.
Cheque Favoring: Reliance Equity Advantage Fund

Mutual Funds Performance..

PERFORMANCE AS ON 31st MAY 2007
Information Risk Adjusted Returns
Scheme Name Launch AUM Expense Minimum Standard Sharpe
Date (Rs. in Cr.) Ratio Invest. (Rs.) Deviation
DEBT - LIQUID
TATA Liquidity Management Fund - G 1-Mar-06 168.35 0.29 10,000 0.00 1.26
DSP ML Liquidity Fund - Regular Plan - G 9-Mar-98 1,114.54 0.45 25,000 0.00 0.60
Reliance Liquidity Fund - G 16-Jun-05 10,031.22 0.40 50,000,000 0.00 0.90
HDFC Cash Mgmt Fund - Savings Plan - G 19-Nov-99 3,976.71* 0.36 100,000 0.00 1.13
Sundaram BNP Paribas Money Fund - G 6-Mar-00 1,690.25 0.60 10,000 0.00 0.66
ICICI Prudential Liquid Plan - G 19-Jun-98 19,620.51 0.90 15,000 0.00 0.75
DEBT - LONG TERM
PRINCIPAL Income Fund - G 25-Oct-00 310.73 1.50 5,000 0.05 0.01
SBI Magnum Income - G 5-Nov-98 70.42 1.51 2,000 0.06 -0.16
DEBT - SHORT TERM
Reliance Short Term Fund - G 17-Dec-02 238.43 0.64 50,000 0.01 0.52
ICICI Prudential STP - G 19-Oct-01 242.14 1.10 5,000 0.01 0.24
DEBT - FLOATERS
HDFC F R I F - STF - G 8-Jan-03 681.55* 0.24 100,000 0.00 1.15
Reliance FRF - G 27-Aug-04 1,379.31 0.55 25,000 0.01 0.76
DSP ML Floating Rate Fund - Regular Plan - G 12-May-03 268.21 0.74 25,000 0.06 -0.06
Templeton Floating Rate Income Fund ST - G 2-Feb-02 790.30* 0.75 5,000 0.00 0.63
MIP (MORE THAN 20%)
ICICI Pru. Income Multiplier Fund - Cum. 27-Feb-04 464.00 2.00 5,000 0.31 0.07
HDFC MIP - LTP - G 8-Dec-03 1,138.92* 1.77 5,000 0.31 0.09
MIP (LESS THAN 20%)
ICICI Prudential MIP - Cumulative 14-Oct-00 581.85 1.94 5,000 0.20 0.05
Reliance MIP - G 29-Dec-03 424.49 1.94 10,000 0.24 0.01