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Reliance Growth Fund (G) is a Mid-Cap Fund which seeks to fulfil the goal of long term wealth creation. The fund is one of the best in its category due to multiple reasons, but the experienced and proficient staff of Reliance Mutual Fund gathers the trust of investors to invest with this scheme. It is one of the largest asset management companies in India. The fund manager targets the companies which have the potential to grow in the future. It has benefited thousands of investors in the past and is expected to perform well in the coming future. Connect with the official website of MySIPonline to invest in this fund today and get all the investment related assistance.
Reliance Growth Fund (G)
This mid-cap fund is the successful fund which has satisfied majority of its investors. According to SEBI, a mid-cap fund has to invest at least 65% of the corpus in the mid-cap companies. These companies are not very weak financially and are also not giants who cannot grow further. Hence these funds are trusted for the perfect blend of risk and returns. These funds are suitable for investors who seek for better returns compared to large-cap funds but don’t want to take enough risk in small-cap funds.
The performance of reliance growth fund g in the past have been appreciable, and the fund has provided an annualised return of 19.8% in the last 5 years. 14.2% annualised return has been provided in last 2 years. It is an old scheme which was launched in October 1995 and has generated an annualised returns of 22.82% since then. On comparing with S&P BSE Mid Cap TRI, the fund has been competitive and has reached it many times. (data as of 10th July 2018)
Fund Manager
The fund is managed by Mr Manish Gunwani who has been managing the fund since September 2017. He is a B.Tech and PGDM. Before joining Reliance Mutual Fund, he has worked with ICICI Prudential Mutual Fund as Fund Manager. He was also associated with Vicisoft Technologies, Lehman Brothers, Brics Securities, Lucky Securities, SSKI Securities, and Prime Securities. He also manages Reliance Balanced Advantage Fund and Reliance Capital Builder Fund.
Portfolio Allocation
The portfolio of the fund is highly dominated by the equity instruments of mid-cap companies. More than 75% of the corpus is invested in mid-cap companies, and a small proportion is invested in large-cap and small-cap companies as well. Banking/finance sector companies possess 23.54% of the corpus. The rest of the corpus is invested in manufacturing, pharmaceuticals, utilities, and food & beverage sector.
The fund allows investment through SIP as well as lumpsum and the minimum amount needed to be invested Rs 5000. The fund is advisable for the investors who can bear high risk and are more focused on growth. The fund is not suitable for new investor due to its high-risk-oriented portfolio. New investors should consult with a financial expert before investing in this fund. To know the latest details of the fund and performance connect with MySIPonline through the mail, call, or chat and get the investment advice based on the particular needs of the investors.