Thursday, May 29, 2008

Reliance Growth Mutual Fund - The name for consistency

Reliance Growth. It is one mutual fund that is known for its consistency and performance. We will see the internals of this fund, the top five categories and the top sectors on which it is betting on and the reason behind its success. Here is a snapshot of this fund.

Reliance growth is a mid cap oriented fund. So it carries a bit of risk but it has done exceptionally well so far.

Top holdings (as on 30th Apr): Divis Labs (4.49%), Reliance Industries (4.26%), Jindal Steel & Power (4.15%), Jaiprakash Associates (3.06%)

Top 5 sectors: Energy, Metals and Metal Products, Health Care, Services, Chemicals

Last 1 year return: 21.09% (category return is -10.09%)

5 year returns: 59.5%



This is one fund with great consistency and performance. One noticeable point is that the fund has grown to such huge amounts that it is now almost impossible to stay in 100% cash.
I also recommend this fund to be the core fund in ones portfolio for those who are willing to take that amount of risk to build wealth. It has all that to become one of the star performer.

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