Reliance Gold Saving Fund20122013

Annual Report 2012 - 2013
Reliance Gold Savings Fund

An Open ended Fund of Fund Scheme
Reliance Capital Asset Management Limited
A Reliance Capital Company
11th foor & 12th foor, One ndiabulls Centre, Tower 1, Jupiter Mills Compound,
841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Reliance Mutual Fund (A Trust under the ndian Trust Act, 1882)
SPONSOR
Reliance Capital Limited
(Incorporated under the Companies Act, 1956)
Regd. Offce :
'H' Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairane,
Navi Mumbai - 400 710.
Tel.: +9122 3032 7000, Fax: +9122 3032 7202
TRUSTEE
Reliance Capital Trustee Co. Limited
Corporate Ofce :
11th Floor & 12th Floor, One ndiabulls
Centre, Tower 1, Jupiter Mills Compound,
841, Senapati Bapat Marg,
Elphinstone Road, Mumbai - 400 013.
Tel.: 022-30994600 Fax: 022-30994699
Website : www.reliancemutual.com
Regd. Ofce :
'H' Block, 1st Floor,
Dhirubhai Ambani Knowledge City,
Koparkhairane,
DIRECTORS OF RELIANCE CAPITAL TRUSTEE CO. LIMITED
Mr. A. N. Shanbhag Mr. P. P. Vora
Mr. S. Santhanakrishnan CA. Uttam Prakash Agarwal
INVESTMENT MANAGER
Corporate Ofce :
11th foor & 12th foor, One ndiabulls Centre,
Tower 1, Jupiter Mills Compound, 841,
Senapati Bapat Marg,
Tel.: 022-30994600 Fax: 022-30994699
Website : www.reliancemutual.com
Regd. Ofce :
'H' Block, 1st Floor,
Dhirubhai Ambani Knowledge City,
Koparkhairane,
DIRECTORS OF RELIANCE CAPITAL ASSET MANAGEMANT LIMITED
Mr. Soumen Ghosh Mr. Kanu Doshi
Mr. S. C. Tripathi Mr. Yutaka deguchi
AUDITORS
Haribhakti & Co.
Chartered Accountants
42, Free Press House,
Nariman Point,
Mumbai - 400 021.
CUSTODIAN
Deutsche Bank A.G.
Kodak House, Ground Floor,
222, D. N. Road,
Mumbai - 400 001
REGISTRAR
Karvy Computershare Private Limited
46, Avenue 4,
Street No 1, Banjara Hills,
Hyderabad - 500034
Ph : 040-23312454
Fax : 040-23311968
INTERNAL AUDITORS
Price Waterhouse
252, Veer Savarkar Marg,
Shivaji Park, Dadar,
Mumbai 400 028
Annual Report 2012 - 2013 2
11th foor & 12th foor, One ndiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013.
Trustee Report
1. Scheme Performance, Future Outlook and Operations of the Scheme
Name of the Scheme
/ Benchmarks
Date of
Inception
Compounded Annualised Returns
as on 31.03.2013 (in %)
1 year 3 years 5 years Since
Inception
Reliance Gold
Savings Fund-
Growth
14-Mar-11 2.95 N.A. N.A. 16.25
Domestic Price Gold 4.28 N.A. N.A. 18.69
Reliance Gold
Savings Fund- Direct
Plan Growth
1-Jan-13 N.A. N.A. N.A. -4.97
Domestic Price Gold N.A. N.A. N.A. -2.51
Past performance may or may not be sustained in future.
Returns are for Growth Option for Reliance Gold Savings Fund. Returns less
than 1 year are on absolute basis and more than or equal one year are on
compounded annualised basis.
Reliance Gold Savings Fund is the frst gold fund of fund in the industry which
opens a new avenue for investing in gold as an asset class. The fund seeks to
provide returns of gold through investments in R* Shares Gold ETF, which in
turn invest in physical gold. t enables you to reap the returns of gold in a paper
form without the need of a demat account.
Future Outlook - The ndian Mutual Fund industry is one of the fastest growing
industries in the fnancial services sector with 44 AMCs currently operating in the
country. The industry AAUM has grown at a CAGR of 25% since 1965 and at a
CAGR of 10% in the last three years, with Rs. 8,16,657 crores of average assets
as on March 31, 2013.
Your Company intends to aggressively pursue growth opportunities in the
mutual fund industry both domestic and international and therefore be the
most preferred investment choice for investors. Your Company expects that an
emerging market like ndia would experience a sustained higher growth rate.
Given the country's high household savings rate along with the current low levels
of investments by retail investors where only less than 3% of the household
savings is channeled into capital markets, your Company believes that the
Mutual Fund ndustry is still in a nascent stage and has a huge opportunity
for growth and expansion. Being one of the large players in the ndustry, your
Company will continue investing in growing the market size, achieving product
innovation, educating the investors, increasing the distribution reach, enhancing
customer service infrastructure with aggressive expansion strategies.
2. Brief background of Sponsors, Trust, Trustee Co. and AMC.
a. Reliance Capital Limited [Sponsor]
Reliance Mutual Fund has been sponsored by Reliance Capital Limited
(RCL), which also happens to be the Settler of this Trust i.e. Reliance Mutual
Fund. RCL is a RB registered Non-Banking Finance Company (NBFC) and
has its business interests in Asset Management, Life nsurance, General
nsurance, Private Equity, Proprietary nvestments, Stock Broking, & other
activities in the Financial Services Sector.
b. Reliance Mutual Fund [Trust]
Reliance Mutual Fund (RMF) has been set up as a Trust in accordance with
the provisions of the ndian Trust Act, 1882 by RCL acting as its Settlor /
Sponsor. The Trust came into being vide Trust Deed dated April 25, 1995
(the Original Trust Deed ), which was duly registered under the ndian
Registration Act, 1908. The Original Trust Deed has also been subsequently
amended from time to time. n order to consolidate all amendments to the
Original Trust Deed, an Amended and Restated Trust Deed was executed
on March 15, 2011 (the Amended and Restated Trust Deed ), which
was then duly registered under the ndian Registration Act, 1908 and also
submitted with the Securities & Exchange Board of ndia (SEB).
c. Reliance Capital Trustee Co Limited [Trustee]
Reliance Capital Trustee Co. Limited (RCTC) is an unlisted Public Limited
Company incorporated under the Companies Act, 1956 on February 24,
1995, having its registered offce at 'H' Block, 1st Floor, Dhirubhai Ambani
Knowledge City, Koparkhairane, Navi Mumbai 400710 and its Corporate
Offce at "One ndiabulls Centre Tower One, 11th and 12th foor, Jupiter
Mills Compound, Elphinstone Road, Mumbai 400 013. RCTC is a
subsidiary of RCL. RCTC has been appointed as the Trustee of RMF vide
Trust Deed dated April 25, 1995 and which Trust Deed has been amended
from time to time. As Trustee to RMF, RCTC is discharging its duties and
carrying out its responsibilities in terms of the applicable SEB Regulations
and as more particularly provided in the Trust Deed.
d. Reliance Capital Asset Management Limited [Asset Manager]
Reliance Capital Asset Management Limited (RCAM) is an unlisted Public
Limited Company incorporated under the Companies Act, 1956 on February
24, 1995, having its registered offce at 'H' Block, 1st Floor, Dhirubhai
Ambani Knowledge City, Koparkhairane, Navi Mumbai 400710 and its
Corporate Offce at "One ndiabulls Centre Tower One, 11th and 12th foor,
Jupiter Mills Compound, Elphinstone Road, Mumbai 400 013. RCAM
is a subsidiary of RCL. RCAM has been appointed as an Asset Manager
of Reliance Mutual Fund by the Trustee i.e. RCTC, vide nvestment
Management Agreement (MA) dated May 12, 1995. The MA has been
executed between RCTC and RCAM and has since been amended on
August 12, 1997, on January 20, 2004 and then on February 17, 2011.
3. Investment Objective of the Scheme:
Reliance Gold Savings Fund (An Open Ended Fund of Fund Scheme): The
investment objective of the Scheme is to seek to provide returns that closely
correspond to returns provided by R* Shares Gold ETF.
4. Signicant Accounting PoIicies:
Accounting policies followed by Reliance Mutual Fund are in accordance with
Securities Exchange Board of ndia (Mutual Funds) Regulations, 1996.
5. Unclaimed Dividend & Redemptions:
Unclaimed Dividend Unclaimed Redemptions
No. of investors Amount (Rs) No. of investors Amount (Rs.)
- - 122 597,312.72
6. Statutory Information:
a. The Sponsors are not responsible or liable for any loss resulting from the
operation of the Schemes of the Fund beyond their initial contribution (to the
extent contributed) of Rs. 1 Lakh for setting up the Fund, and such other
accretions / additions to the same.
b. The price and redemption value of the units, and income from them, can
go up as well as down with fuctuations in the market value of its underlying
investments.
c. Full Annual Report shall be disclosed on the website (www.reliancemutual.
com) and shall be available for inspection at the Head Offce of the mutual
fund. Present and prospective unit holder can obtain copy of the trust deed,
the full Annual Report of the Fund / AMC at a price.
For and on behalf of
Sd/- Sd/-
Place: Mumbai A.N. Shanbhag P.P. Vora
Date: June 27, 2013 Director Director
Annexure to Trustee Report
Redressal of Complaints received against Reliance Mutual Fund during F.Y.2012-2013
Name of the MutuaI Fund : Reliance Mutual Fund
TotaI Number of FoIios : 6309394 (As on 31
st
March, 2013)
Complaint
code
Type of complaint# (a) No. of
complaints
pending at the
beginning of
the year
(b) No of
complaints
received
during the
year
Action on (a) and (b)
Resolved Non
Actionable*
Pending
Within
30 days
30-60
days
60-180
days
Beyond
180
days
0-3
months
3-6
months
6-9
months
9-12
months
A Non receipt of Dividend on
Units
0 224 204 19 0 0 0 1 0 0 0
B nterest on delayed payment
of Dividend
0 51 48 3 0 0 0 0 0 0 0
C Non receipt of Redemption
Proceeds
0 652 607 33 1 0 0 12 0 0 0
D nterest on delayed payment
of Redemption
1 65 59 6 1 0 0 0 0 0 0
A Non receipt of Statement of
Account/Unit Certifcate
0 706 696 6 0 0 0 3 0 0 0
B Discrepancy in Statement of
Account
0 5042 5038 4 0 0 0 0 0 0 0
C Non receipt of Annual
Report/Abridged Summary
0 0 0 0 0 0 0 0 0 0 0
A Wrong switch between
Schemes
0 56 53 2 0 0 0 1 0 0 0
B Unauthorized switch between
Schemes
0 0 0 0 0 0 0 0 0 0 0
C Deviation from Scheme
attributes
0 0 0 0 0 0 0 0 0 0 0
D Wrong or excess charges/
load
0 0 0 0 0 0 0 0 0 0 0
E Non updation of changes viz.
address, PAN, bank details,
nomination, etc
0 2843 2823 20 0 0 0 0 0 0 0
V Others 3 4040 3896 98 3 0 0 46 0 0 0
Total 4 13679 13424 191 5 0 0 63 0 0 0
# including against its authorized persons/ distributors/ employees. etc.
*Non actionable means the complaint that are incomplete / outside the scope of the mutual fund

CIassication of compIaints
Type of Complaint
TYPE I Delay/Non-receipt of money
A Dividend on Units
B nterest on delayed payment of Dividend
C Redemption Proceeds
D nterest on delayed payment of Redemption
TYPE II Statement of Account/Unit Certicate/AnnuaI Report
A Non receipt of Statement of Account/Unit Certifcate
B Discrepancy in Statement of Account
C Non receipt of Annual Report/Abridged Summary
TYPE III Service related
A Wrong switch between Schemes
B Unauthorized switch between Schemes
C Deviation from Scheme attributes
D Wrong or excess charges/load
E Non updation of changes viz. address, PAN, bank details, nomination, etc
TYPE IV Others
AUDITORS REPORT
To
The Board of Directors
Reliance Mutual Fund
We have audited the accompanying fnancial statements of the Reliance Gold
Savings Fund ("the Scheme), which comprises the Balance Sheet as at March
31, 2013, and the Revenue Account and Cash Flow Statement of the scheme for
the year then ended and a summary of signifcant accounting policies and other
explanatory information.
Managements Responsibility for the Financial Statements
Trustees of Reliance Mutual Fund and Reliance Capital Asset Management Limited
are responsible for the preparation of these fnancial statements that give a true
and fair view of the fnancial position, fnancial performance and cash fows of the
Scheme in accordance with the accounting policies and standards as specifed in
the Ninth Schedule of the Securities and Exchange Board of ndia (Mutual Funds)
Regulations, 1996 and amendments thereto ("the Regulations). This responsibility
includes the design, implementation and maintenance of internal control relevant to
the preparation and presentation of the fnancial statements that give a true and fair
view and are free from material misstatement, whether due to fraud or error.
Auditors Responsibility
Our responsibility is to express an opinion on these fnancial statements based on
our audit. We conducted our audit in accordance with the Standards on Auditing
issued by the nstitute of Chartered Accountants of ndia. Those Standards require
that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the fnancial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts
and disclosures in the fnancial statements. The procedures selected depend on the
auditors' judgment, including the assessment of the risks of material misstatement
of the fnancial statements, whether due to fraud or error. n making those risk
assessments, the auditor considers internal control relevant to the Scheme's
preparation and fair presentation of the fnancial statements in order to design
audit procedures that are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness
of the accounting estimates made by management, as well as evaluating the overall
presentation of the fnancial statements.
We believe that the audit evidence we have obtained is suffcient and appropriate to
provide a basis for our audit opinion.
Opinion
n our opinion and to the best of our information and according to the explanations
given to us, the fnancial statements give the information required by the Regulations
as applicable and give a true and fair view in conformity with the accounting
principles generally accepted in ndia:
(a) in the case of the Balance Sheet, of the state of affairs of the Scheme as at
March 31, 2013;
(b) in the case of the Revenue Account , of the surplus, for the year ended on that
date; and
(c) in the case of the Cash Flow Statement, of the cash fows for the year ended
on that date.
Report on Other Legal and Regulatory Requirements
As required under the Regulations, we report that:
1. We have obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit;
2. The Balance Sheet, Revenue Account, and Cash Flow Statement dealt with
by this Report are in agreement with the books of accounts of the Scheme;
3. n our opinion, the Balance Sheet, Revenue Account, and Cash Flow
Statement dealt with by this report have been prepared in accordance with
the accounting policies and standards as specifed in Ninth Schedule of the
Regulations.
4. The methods used to value non traded securities, as determined by Reliance
Capital Asset Management Limited under procedures approved by the
trustees of Reliance Mutual Fund are in good faith and in accordance with
the guidelines for valuation of securities for mutual funds as mentioned in the
Eighth Schedule of the Regulations issued by the Securities and Exchange
Board of ndia, are fair and reasonable.
For HARIBHAKTI & CO.
Chartered Accountants
Firm Membership No.103523W
Sd/-
CHETAN DESAI
(Partner)
Membership No. 17000
Place: Mumbai
Date: 27
th
June, 2013
Abridged Balance Sheet as at March 31, 2013
Rupees in Lakhs
RELIANCE GOLD
SAVINGS FUND
As at
31.03.2013
As at
31.03.2012
LIABILITIES
1 Unit Capital 160,022.22 161,715.32
2 Reserves & Surplus 58,582.18 53,250.65
2.1 Unit Premium Reserves 18,280.62 17,997.84
2.2 Unrealised Appreciation Reserve 38,118.19 34,637.12
2.3 Other Reserves 2,183.37 615.69
3 Loans & Borrowings - -
4 Current Liabilities & Provisions 1,399.85 1,736.21
4.1 Provision for doubtful ncome/Deposits - -
4.2 Other Current Liabilities & Provisions 1,399.85 1,736.21
TOTAL 220,004.25 216,702.19
ASSETS
1 Investments
1.1. Listed Securities: - -
1.1.1 Equity Shares - -
1.1.2 Preference Shares - -
1.1.3 Equity Linked Debentures -
1.1.4 Other Debentures & Bonds - -
1.1.5 Securitised Debt securities - -
1.1.6 Derivatives - -
1.1.7 Others - -
1.2 Securities Awaited Listing: - -
1.2.3 Equity Linked Debentures - -
1.3 Unlisted Securities - -
1.3.3 Equity Linked Debentures - -
1.4 Government Securities - -
1.5 Treasury Bills - -
1.6 Commercial Paper - -
1.7 Certifcate of Deposits - -
1.8 Bill Rediscounting - -
1.9 Units of Domestic Mutual Fund 218,266.28 214,353.48
1.10 Foreign Securities - -
Total Investments 218,266.28 214,353.48
2 Deposits - -
3 Other Current Assets 1,737.96 2,348.71
3.1 Cash & Bank Balance 402.54 182.64
3.2 CBLO/ Reverse Repo Lending 528.06 505.45
3.3 Others 807.36 1,660.62
4 Deferred Revenue Expenditure - -
(to the extent not written off)
TOTAL 220,004.25 216,702.19
Notes to Accounts - Annexure
Abridged Revenue Account For The Year / Period
Ended March 31, 2013
Rupees in Lakhs
RELIANCE GOLD SAVINGS FUND
Year Ended
31.03.2013
Period Ended
31.03.2012
1 INCOME
1.1 Dividend - -
1.2 nterest 95.05 71.08
1.3 Realised Gain / (Loss) on Foreign
Exchange Transactions
- -
1.4 Realised Gains / (Losses) on
nterscheme sale of investments
- -
External sale / redemption of
investments
2,792.80 381.35
Derivative Transactions
- -
1.7 Other ncome 472.43 877.37
( A ) 3,360.28 1,329.80
2 EXPENSES
2.1 Management fees - -
2.2 Service tax on Management fees - -
2.3 Transfer agents fees and expenses - 24.92
2.4 Custodian fees 7.75 10.85
2.5 Trusteeship fees 0.66 -
2.6 Commission to Agents 1,109.05 488.10
2.7 Marketing & Distribution expenses 257.16 253.69
2.8 Audit fees 1.48 1.30
2.9 Other operating expenses 4.45 19.60
( B ) 1,380.55 798.45
3 NET REALISED GAINS / (LOSSES)
FOR THE YEAR / PERIOD (A -B = C)
1,979.73 531.35
4 Change in Unrealised Depreciation in
value of investments (D)
- 95.07
5 NET GAINS / (LOSSES) FOR THE
YEAR / PERIOD (E=(C+D))
1,979.73 626.42
6 Change in unrealised appreciation in the
value of investments (F)
- -
7 NET SURPLUS / (DEFICIT) FOR THE
YEAR / PERIOD ( E + F = G )
1,979.73 626.42
7.1 Add: Balance transfer from
Unrealised Appreciation Reserve
- -
7.2 Less: Balance transfer to
Unrealised Appreciation Reserve
- -
7.3 Add / (Less): Equalisation (412.06) 25.89
7.4 Net Gain/(Loss) Brought Forward
From Previous Year
615.69 (36.62)
8 Total 2,183.37 615.69
9 Dividend appropriation - -
9.1 ncome Distributed during the year /
period
- -
9.2 Tax on income distributed during
the year / period
- -
10 Retained SurpIus / (Decit) carried
forward to Balance sheet
2,183.37 615.69
Notes to Accounts - Annexure
Notes to Accounts - Annexure I to the Abridged Balance Sheet and Revenue Account for the Year / Period ended March 31, 2013
1 Investments:-
1.1. All the investments are held in the name of the Scheme, (except for Government Securities and Treasury Bills which are held in the name of the fund) as per clause 7
of the Seventh Schedule under Regulation 44(1) of SEB (Mutual Funds) Regulations, 1996.
1.2. Open Position of derivatives (outstanding market value & % to Net Assets as of the Year end) is NL
For details on derivative positions please refer to Annexure .
1.3. nvestments in Associates and Group Companies : NL
1.4. There are NL Open position of Securities Borrowed and / or Lent by the scheme.
1.5. There are no NPA's as on March 31, 2013
1.6. Aggregate Unrealised Gain / Loss as at the end of the Financial Year / Period and percentage to net assets.
Scheme Name
2012-2013 2011-2012
Aggregate Unrealised Gain /
(Loss) (Rs. In lakhs)
% of Net Assets Aggregate Unrealised Gain /
(Loss) (Rs. In lakhs)
% of Net Assets
RELIANCE GOLD SAVINGS FUND 38,118.19 17.44% 34,637.12 16.11%
1.7. Aggregate Value of Purchase and Sale with Percentage to average assets.

2012-2013 2011-2012
Purchases Sales Purchases Sales
Amount
(Rs. In lakhs)
% to average
Net Assets
Amount
(Rs. In lakhs)
% to average
Net Assets
Amount
(Rs. In lakhs)
% to average
Net Assets
Amount
(Rs. In lakhs)
% to average
Net Assets
RELIANCE GOLD
SAVINGS FUND
12,632.69 5.50% 14,993.76 6.53% 128,779.04 80.64% 2,459.47 1.54%
1.8. Non-Traded securities in the portfolio: NL
2 Details of Transaction with Associates under regulation 25(8).
Brokerage paid to associates/related parties/group companies of Sponsor/AMC : Nil
Commission Paid to associates/related parties/group companies of Sponsor/AMC
Name of associate/related
parties/group companies of
sponsor/AMC
Nature of
Association/
Nature of relation
Period covered Business given (Rs. Cr. &
% of total business
received by the fund)
Commission paid
( Rs Cr& % of total
commission paid by the fund)
ndusind Bank Limited Associate 2012-2013 10.50 0.00% 0.21 0.05%
2011-2012 37.30 0.01% 0.76 0.22%
Quant Capital Advisors Private
Limited
Associate 2012-2013 0.00 0.00% 0.00 0.00%
2011-2012 0.00 0.00% 0.00 0.00%
Reliance Securities Limited Associate 2012-2013 3.25 0.00% 0.03 0.01%
2011-2012 2.37 0.00% 0.06 0.02%
3 Large Holdings in the Scheme (i.e. in excess of 25% of the net assets) as on March 31, 2013 is NL
4 Unit Capital movement during the year ended / period ended : Refer ANNEXURE
5 Prior Year Comparatives: The fgures of the previous period have been regrouped / rearranged, wherever applicable, to conform to current year's presentation
6 Contingent Liability - NL
7 Expenses other than management fee is inclusive of service tax where applicable.
8 Other ncome : Other ncome includes exit load income, interest on delayed receipt and gain/loss on foreign exchange etc.
9 Details of Credit Default Swap as follows
1. No. of transactions during the year - NL
2. Amount of protection bought during the year - NL
3. No. of transactions where credit event payment was received during the year:
a. Pertaining to current years transactions. - NL
b. Pertaining to previous year (s) transactions- NL
4. Outstanding transactions as on year end:
a. No. of transactions - NL
b. Amount of protection - NL
5. Net income/ expense in respect of CDS transactions during year-to-date:
a. Premium Paid - NL
b. Credit event payments received (net of value of derivable obligations)- NL
Key Statistics for the year / period ended March 31, 2013
RELIANCE GOLD
SAVINGS FUND
Year Ended
March 31, 2013
Period Ended
March 31, 2012
1. NAV per unit (Rs.):
Growth Plan
Open 13.2929 9.9967
High 15.1554 13.8543
Low 13.1246 10.0170
End 13.6615 13.2929
Dividend Plan
Open 13.2929 9.9967
High 15.1554 13.8544
Low 13.1247 10.0170
End 13.6615 13.2929
Direct Plan-Growth Plan
Open - -
High 14.5633 -
Low 13.5231 -
End 13.6771 -
Direct Plan-Dividend Plan
Open - -
High 14.5632 -
Low 13.5231 -
End 13.6771 -
2. Closing Assets Under Management
(Rs. in Lakhs)
End 218,604.40 214,965.98
Average (AAuM) 229,483.13 159,690.03
3. Gross income as % of AAuM
1
1.46% 0.83%
4. Expense Ratio:
a. Total Expense as % of AAuM
(plan wise)
Other than Direct Plan 0.60% 0.50%
Direct Plan 0.30% -
b. Management Fee as % of
AAuM (plan wise)
Other than Direct Plan 0.00% 0.00%
Direct Plan 0.00% -
Sd/-
Soumen Ghosh
Director
Sd/-
Kanu Doshi
Director
Sd/-
Sundeep Sikka
CEO
Sd/-
Hiren Chandaria
Fund Manager
Place : Mumbai
Date : June 27, 2013
Sd/-
A.N. Shanbhag
Director
Sd/-
P.P. Vora
Director

RELIANCE GOLD
SAVINGS FUND
Year Ended
March 31, 2013
Period Ended
March 31, 2012
5. Net Income as a percentage of
AAuM
2
0.86% 0.33%
6. Portfolio turnover ratio
3
0.06 0.02
7. Total Dividend per unit distributed
during the year / period (plan wise)
Dividend Plan - -
Direct Dividend Plan - -
8. Returns:
a. Last One Year
Growth Plan 2.95% 32.91%
Direct Growth Plan N.A. -
Benchmark (Price of Gold) 4.28% 37.00%
b. Since nception
Direct Growth Plan -4.97% -
Benchmark (Price of Gold)
Direct Growth Plan -2.51% -
1. Gross income = amount against (A) in the Revenue account i.e. ncome.
2. Net income = amount against (C) in the Revenue account i.e. NET REALSED
GANS / (LOSSES) FOR THE YEAR / PEROD
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM
for the year/period.
4. AAuM=Average daily net assets
ANNEXURE II
Unit Capital movement during the year ended 31st March 2013
GROWTH PLAN DIVIDEND PLAN
Reliance Gold Savings Fund 2012-2013 2011-2012 2012-2013 2011-2012
Face Value of Rs. 10 Each Units Amount in Rs Units Amount in Rs Units Amount in Rs Units Amount in Rs
Unit Capital (Opening Balance) 1,282,915,640 12,829,156,396 397,648,429 3,976,484,295 334,237,586 3,342,375,860 150,194,611 1,501,946,106
Add : Subscription during nitial Offer
period
- - - - - - - - -
Add : Subscription during the year /
period
640,587,667 6,405,876,666 1,425,379,132 14,253,791,316 85,352,555 853,525,552 367,306,908 3,673,069,082
Less : Redemption during the year /
period
588,049,374 5,880,493,741 540,111,921 5,401,119,215 162,221,796 1,622,217,956 183,263,933 1,832,639,328
Unit Capital (Closing Balance) 1,335,453,932 13,354,539,321 1,282,915,640 12,829,156,396 257,368,346 2,573,683,456 334,237,586 3,342,375,860
DIRECT GROWTH PLAN DIRECT DIVIDEND PLAN
Reliance Gold Savings Fund 2012-2013 2011-2012 2012-2013 2011-2012
Face Value of Rs. 10 Each Units Amount in Rs Units Amount in Rs Units Amount in Rs Units Amount in Rs
Unit Capital (Opening Balance) - - - - - - - -
Add : Subscription during nitial Offer
period
- - - - - - - -
Add : Subscription during the year /
period
6,982,622 69,826,218 - - 608,385 6,083,851 - -
Less : Redemption during the year /
period
139,603 1,396,034 - - 51,498 514,983 - -
Unit Capital (Closing Balance) 6,843,018 68,430,183 - - 556,887 5,568,868 - -
ANNEXURE III
Derivatives Disclosure
A. Hedging Positions through Futures as on March 31, 2013 NL.
Total %age of existing assets hedged through futures NL.
For the Year ended March 31, 2013 following details specifed for hedging transactions through futures which have been squared off/expired: NL.
B. Other than Hedging Position through Futures as on March 31, 2013 NL.
Total exposure due to futures (non hedging positions) as a %age of net assets : NL.
For the Year ended March 31, 2013 following details specifed for non-hedging transactions through futures which have been squared off/expired:
NL.
C. Hedging Position through Put Options as on March 31, 2013 : NL.
Total % age of existing assets hedged through Put Options : NL.
For the Year ended March 31, 2013 following details specifed for hedging transactions through options which have already been exercised/
expired : NL.
D. Other than Hedging Position through Options as on March 31, 2013 : NL
Total Exposure through options as a %age of net assets NL.
For the Year ended March 31, 2013 following details specifed with regard to non-hedging transactions through options which have already been
exercised/expired :NL.
E. Hedging Positions through swaps as on March 31, 2013 : NL.
Note on Derivatives:
The disclosure with respect to nvestments in derivatives have been made basis SEB Circular on Abridged Scheme-wise Annual Report Format and
periodic disclosures to the unitholders vide reference MD/CR No.8/132968/2008 dated July 24, 2008 and Review of norms for investment and disclosure
by Mutual Funds in derivatives vide reference Cir/ MD/ DF/ 11/ 2010 dated August 18, 2010.
Proxy Voting Policy and Procedures
Background
Securities & Exchange Board of ndia (SEB), vide circular ref. SEB/MD/Cir No. 18/198647/2010 dated March 15, 2010 stipulated that mutual funds should play an active
role in ensuring better corporate governance of listed Companies. n this regard, SEB has mandated that, Asset Management Companies shall disclose their policy and
procedure, for exercising the voting rights in respect of shares held on behalf of the mutual funds on their website as well as in the annual reports of the schemes.
Pursuant to the aforesaid SEB circular, Reliance Capital Asset Management Limited, (henceforth referred to as "RCAM and/or AMC), the nvestment Manager of Reliance
Mutual Fund, has formulated the Proxy Voting Policy and Procedure ('the Policy') for Reliance Mutual Fund
Voting Policy Guidelines and Procedures
Reliance Capital Asset Management Ltd (RCAM) is the nvestment Manager to the Reliance Mutual Fund (RMF). Proxy voting is the paramount, fduciary duty of the AMC
on behalf of the unit holders. The AMC recognizes that this duty requires it, to vote on behalf of the unit-holders in a timely manner and make voting decisions in advancing
the economic interests of the unit-holders and protecting their rights as benefcial owners of the companies in whose securities the AMC invests through the schemes that
it manages.
RCAM will generally vote with the issuer company's management on routine matters. With respect to non-routine matters such as proposed anti-takeover provisions or
mergers, the fnancial impact will be analyzed and the proxy will be voted on a case-by-case basis, in the best interest of the unit-holders.
While arriving at the decision to vote, views of the Fund Managers, Research Analysts and other executives and sources may be considered. The requirements from SEB
shall be complied with as may be applicable from time to time.
A. Corporate Governance matters (incIuding changes in the state of incorporation, merger and other corporate restructuring and anti takeover provisions):
Mergers and acquisitions and corporate restructuring proposals will be subject to appropriate review on a case-by-case basis to determine whether they would be
benefcial to shareholders' interest.
B. Changes to capital structure, (incIuding increases or decreases of capitaI and preferred stock issuances): The proposals for approval to alter the capital
structure of the company, such as an increase in authorized capital will generally be supported. However, each proposal shall be evaluated on a case-by-case basis,
to determine whether the proposed changes are in the best interest of the shareholders.
C. Stock option plans and other management compensation issues: n general, compensation matters are normally determined by the Company's Board of Directors,
rather than the shareholders. The AMC would generally support proposals for Employee Stock option plans and other management compensation plans, but would
oppose excessive compensation, if it feels that approval of the plan would be against shareholder interest.
D. Corporate Social Responsibilities: The AMC would generally support proposals on social issues that have demonstrable economic beneft to the issuer and long
term economic value of the securities held in the scheme on case-by-case basis.
E. Appointment and Removal of Directors: The foundation of good corporate governance is in the selection of responsible and qualifed, ndependent Directors who are
likely to diligently represent the interest of the shareholders and oversee management of the Company in the manner that will seek to maximize shareholder value over
time. Hence, the AMC would generally support the Board's nominees in the election of Directors and generally support proposals that strengthen the independence of
Board of Directors. However, each such proposal shall be evaluated on a case-by-case basis.
There may be circumstances where the AMC believes it is in the best interests of a Fund to vote differently than the manner contemplated by the Guidelines. The ultimate
decision as to the manner in which the AMC's representatives/proxies will vote rests with Proxy Voting Committee
Proxy Voting Committee
The Proxy Voting Committee would consist of the following members
Chief Executive Offcer
Head Equity nvestments
Head Compliance, Legal and Secretarial
Head- Service Delivery & Operations Excellence
Head Risk Management
Quorum
Minimum 3 members, out of which one should be from the Risk Management Team and one should be either of Chief Executive Offcer or Head Legal, Secretarial &
Compliance and one should be from the nvestments Team.
For the purposes of quorum, the presence may either be in person or via teleconference/ video conference.
Members and personnel from various departments may be asked to participate when considered necessary.
Chairman of the Meeting
CEO or any other member present
Frequency
As and when required subject to at least one meeting per quarter.
The Minutes of the Committee to be fnal shall to be signed by the chairperson of the relevant committee meeting.
The above committee composition, quorum, and chairpersons would be subject to approval and revision by the board of directors from time to time.
There may be circumstances where the AMC believes it is in the best interests of a Fund to vote differently than the manner contemplated by the Guidelines. The ultimate
decision as to the manner in which the AMC's representatives/proxies will vote rests with Proxy Voting Committee.
Corporate Governance standards, disclosure requirements, and voting mechanisms vary greatly among the markets outside ndia in which the schemes may invest. RCAM
will accordingly cast the vote in a manner believed to be consistent with the policy, while taking into account differing practices by market. n addition there may be instances
in which the RCAM may refrain from voting if, the cost of voting in foreign markets may be substantially higher. t may also refrain from voting on the issues presented in
which RCAM feels are unlikely to have a material impact on shareholder value and its unit-holders.
Conict of Interest
RCAM recognizes that there may be a potential confict of interest when it votes on an entity with which RCAM may have some relationship. However, RCAM will ensure to
vote in the interest of the unit holders.
DiscIosure of Exercise of Proxy Voting in AGM/EGMs etc of Investee companies for ReIiance GoId Savings Fund during FinanciaI Year 2012 2013 : NIL
As the scheme did not hold any securities which entitled voting on resolutions no disclosure is made in the annual report.
Disclosure of Actual Exercise of Proxy Voting in AGM/EGMs etc of Investee companies across all schemes of Reliance Mutual Fund during Financial Year 2012
2013 are provided on the website www.reliancemutual.com under Voting Policy Section
VARIOUS ADDENDA TO THE SCHEME INFORMATION DOCUMENT,STATEMENT OF ADDITIONAL INFORMATION & KEY
INFORMATION MEMORANDUM
NOTICE CUM ADDENDUM NO. 2 DATED APRIL 03, 2012
Notice is hereby given that Reliance Mutual Fund (RMF)/ Reliance Capital Asset Management Limited (RCAM) has decided to introduce / modify features of special product
offered by schemes of RMF as mentioned below -
I CIassication pertaining to processing of transactions such as Systematic Investment PIan ("SIP"), Systematic Transfer PIan ("STP") and Dividend
Transfer Plan ( DTP ) of all the eligible schemes of the Reliance Mutual Fund.
Considering the investor convenience, following modifcations are been carried out in the features of SP and STP facility of the Reliance Mutual Fund Scheme.
A. Systematic Investment Plan (SIP)
1. DefauIt SIP date:
f an investor does not mention SP Date in the application form or multiple SP dates are mentioned in the SP Mandate or the SP Date is unclear in the
application form / SP Mandate, the default SP date shall be treated as 10th of every month/quarter as per the frequency defned by the investor.
2 DefauIt SIP EnroIIment period when start date is not specied:
f an investor does not mention SP start date or the SP start date is unclear in the application form/SP Mandate, the SP date will by default start from the next
subsequent month after meeting the minimum registration requirement of 21 working days.
3. DefauIt SIP EnroIIment period when end date is not provided:
f an investor does not mention SP end date or the SP end date is not expressly mentioned/ unclear in the application form/SP Mandate, the tenure of SP will
be treated as perpetual i.e. the end date shall be considered as December 2099.
4. Termination of SIP:
n case of three consecutive failures due to insuffcient balance in bank account while processing request for SP, RCAM shall reserve the right to terminate the
SP without any written request from the investor.
B. Systematic Transfer Plan (STP)
1. Reduction in Minimum BaIance Amount for STP:
t is proposed to standardize the minimum balance amount that an unitholder (new or existing) has to maintain in his folio to opt for STP facility for all the eligible
schemes to Rs 5,000 or the minimum application amount as stated in the SD of the respective Transferor scheme, whichever is higher.
2. Introduction of PerpetuaI STP option:
An investor who opts for perpetual option, his STP will continue forever with no end date unless a written request for cancellation is given by the investor in this
regard.
3. Frequency of STP:
f an investor does not mention any frequency or mentions multiple frequencies on the STP application form or the frequency is unclear on the STP application
form, the default frequency shall be monthly
4. DefauIt STP Date:
f an investor opts for Monthly or Quarterly frequency of STP but does not mention the STP Date or mentions multiple STP dates on the mandate or the STP date
is unclear on the STP Mandate, the default STP date shall be treated as 10th of every month/quarter as per the frequency defned by the investor
5. DefauIt STP EnroIIment period when start date is not provided:
f an investor does not mention STP start date, or the STP start date is unclear/not expressly mentioned on the STP Application form, then by default STP would
start from the next subsequent cycle after meeting the minimum registration requirement of 7 working days as per the defned frequency by the investor.
6. DefauIt STP EnroIIment period when end date is not provided:
f an investor does not mention STP end date or the STP end date is unclear, it will be considered as perpetual STP .
7. AppIication processing of Systematic Transfer PIan ("STP"):
The Enrolment form completed in all respects can be submitted at any of the Designated nvestor Service Centre (DSC) of RCAM at least seven calendar days
before the commencement of frst execution date of STP. n case the required time of seven calendar days are not met then the STP will be processed from the
next STP cycle
C. Dividend Transfer PIan ("DTP") Registration & CanceIIation:
t is proposed to reduce the timeline for DTP registration & cancellation from existing T + 10 days to T + 7 days.
The aforesaid changes/ modifcation in features of SP, STP and DTP shall be effective from April 20, 2012.
II Changes in Scheme Information Document offering facility of Reliance Any Time Money Card.
Reliance Mutual Fund (RMF) / Reliance Capital Asset Management Limited (RCAM) has decided to notify the following clarifcation in one of the Special Facility termed
as " Redemption by means Reliance Any Time Money Card ("hereinafter referred to as "the Card) mentioned in the respective Scheme nformation Document (SD).
The Card issued / to be issued by RMF is a Co-Branded debit Card, called as Reliance Any Time Money Card (a mutual fund linked debit card), which will be / is
facilitating instant cash withdrawal / Purchase by unit holders of the eligible schemes offering this faclity, at all VISA enabled ATMs and Merchant Establishments/ Point
of Sale (PoS) terminals across the world. This Co-Branded Card is issued / being issued by RMF in collaboration with HDFC Bank Ltd. This facility is a unique offering
and rst of its kind being offered by RCAM in the Indian Mutual Fund Industry.
The aforesaid change will be effective from April 04, 2012.
This addendum shall form an integral part of the Scheme nformation Document(s)/ Statement of Additional nformation/ Key nformation Memorandum(s)(KM) of
the Scheme(s) of RMF as amended from time to time. All the other terms and conditions of the SD/KM read with the addenda issued from time to time shall remain
unchanged.
NOTICE CUM ADDEDNUM NO. 7 DATED APRIL 27, 2012
. Notice is hereby given that pursuant to AMF circular no. 135/BP/26/11-12 dated March 21, 2012 with respect to Uniform procedure for change/ updation of Bank details
& Change of Address, Reliance Mutual Fund (RMF)/ Reliance Capital Asset Management Limited ("RCAM) has decided to make the following changes to Scheme
nformation Documents ("SD)/ Key nformation Memorandum ("KM) /Statement of Additional nformation ("SA) (as may be applicable) with effect from May 1, 2012:
1. In case of Updation / Change of Bank Details
A. nvestor can change bank account details in their account/ folio either through Multiple Bank Account Registration Form or a standalone separate change of Bank
Mandate form.
B. n case of standalone change of bank details request, nvestors shall provide the supporting documents towards the proof of existing and new bank account.
Details of the documents to be submitted by the investor are as follows;
i) Documents to be submitted for New bank account:
Original of any one of the following documents or originals should be produced for verifcation or copy should be attested by the Bank:
Cancelled original cheque of the new bank mandate with frst unit holder name and bank account number printed on the face of the cheque OR
Self attested copy of bank statement OR
Bank passbook with current entries not older than 3 months OR
Bank Letter duly signed by branch manager/authorized personnel
AND
ii) Documents to be submitted for existing bank mandate currently registered in the folio/account
Original of any one of the following documents or copy should be attested by the Bank or originals should be produced for verifcation:
Cancelled original cheque with frst unit holder name and bank account number printed on the face of the cheque OR
Original bank account statement / Pass book OR
n case such bank account is already closed, a duly signed and stamped original letter from such bank on the letter head of the bank confrming the closure
of said account.
C. n case of Updation of bank details wherein bank details were not recorded/ registered with us/in the records of Registrar & Transfer Agent/ not available in SoA (Legacy
folios), nvestors shall provide the supporting documents towards the new bank account proof and photo identity proof.
Details of the documents to be submitted by the investor are as follows:
i) Documents to be submitted for New bank account:
Original of any one of the following documents or originals should be produced for verifcation or copy should be attested by the Bank:
Cancelled original cheque of the new bank mandate with frst unit holder name and bank account number printed on the face of the cheque OR
Self attested copy of bank statement OR
Bank passbook with current entries not older than 3 months OR
Bank Letter duly signed by branch manager/authorized personnel
AND
ii) Self attested copy of any one of the documents admissible as Proof of dentity (PO) as follows:
a) Unique dentifcation Number (UD) (Aadhaar)/ Passport/ Voter D card/ Driving license.
b) PAN card with photograph.
c) dentity card/ document with applicant's Photograph, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory
Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial nstitutions, Colleges affliated to Universities, Professional Bodies
such as CA, CWA, CS, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.
RCAM may at its own discretion collect additional documents in order to mitigate risk as a Proof of investment such as copy of acknowledgement of investment, debit
entry in pass book, counterfoil of the dividend warrant or SoA (issue date more than 2 years old)*/ Membership Advice/ certifcate from where the investment has been
converted / merged to the present scheme, if applicable.
(*Account statement issued on current date shall not be treated as investment proof.)
n case if the investor is not able to produce any of the above mentioned supporting documents, RCAM may devise an alternate procedure to establish genuineness
of the request before executing the request or making payment to the investor
nvestors will have an option to choose any of the registered bank accounts towards receipt of redemption proceeds. However, any unregistered bank account or a
new bank account forming part of redemption request will not be entertained or processed.
Any change of bank mandate request received / processed few days prior to submission of a redemption request or on the same day as a standalone request or
received along with the redemption request, RCAM will follow cooling period of 10 calendar days for validation and registration of new bank account and dispatch/credit
of redemption proceeds shall be completed within 10 working days.
2. Modication to the process of Change of Address:
A. In case of KYC Not Complied folios below list of documents will be collected by RCAM
i) Proof of new Address (POA)*,
ii) Proof of dentity (PO) *: Only PAN card copy if PAN is updated in the folio, or PAN/other proof of identity if PAN is not updated in the folio
B. In case of KYC CompIied foIios the investor are requested to submit the supporting documents as specied by KYC Registration Agency (KRA) /
Regulators from time to time.
* List of admissible documents for Proof of new Address (POA) and Proof of dentity (PO) above should be in conformity with SEB circular no. MRSD/SE/
Cir21/2011 dated October 5, 2011.
Copies of all the documents submitted by the applicants/clients will be self-attested and accompanied by originals for verifcation. n case the original of any
document is not produced for verifcation, then the copies will be properly attested / verifed by entities authorized for attesting/verifcation of the documents.
NOTICE CUM ADDENDUM NO. 12 DATED MAY 10, 2012
Changes in Designated nvestor Service Center (DSC)
1. With effect from May 14, 2012, the existing DSC of Reliance Capital Asset Management Limited situated at 575 C, Shylaja Chambers, D B Road, R S Puram;
Coimbatore - 641002 is proposed to be shifted and shall operate from its new address i.e. Second Floor, Ahuja Towers, 42/15, T.V.Swamy Road (West), R.S.Puram,
Coimbatore- 641002.
2. The following DSCs shall be cease to operate with effect from May 31, 2012:
1st Floor, Srinath Complex, 87B, Veer Dugra Das Nagar, Pali 306401- Rajasthan
1st Floor, Plot No 4, NH-15, Opposite Bihani Petrol Pump, Sri Ganganagar 335001- Rajasthan
Ground Floor, Offce No. 1, Pooja Complex, Next to CC Bank, Station Road, Bhuj 3700 01- Gujarat
2nd Floor, Gurukrupa Complex, LC Road, Near SB, Godhara 389001-Gujarat
1st Floor, D No 40-3-4-4, Bhagya Nagar, Near Moorya nn Hotel, Kurnool 518004- Andhra Pradesh
3rd Floor, Chandra Square, Cullen Road, Alappuzha 688011- Kerala
1st Floor,(Rear side), Dharussalam Complex, Private Bus stand Road, Thamarakulam, Kollam-691001- Kerala
1st Floor, Dr.Aboos Arcade, Kunnummel, Near St. James Girls High school, Malappuram 676505- Kerala
Notice is hereby given that Reliance Mutual Fund (RMF)/ Reliance Capital Asset Management (RCAM) has decided the following changes to Statement of Additional
nformation (SA) or Scheme nformation Document (SD)/Key nformation Memorandum (KM) (as applicable) of the respective scheme of Reliance Mutual Fund
I Changes in Designated Investor Service Center (DISC)
1. The existing DSC of Reliance Capital Asset Management Limited situated at Ground Floor 57, Karamkala Building, Opp. Old Corporation Building, New Pandit
Colony, Saharanpur Road, Nasik - 422002 shall be shifted to First Floor, Plot No.5/2,Survey No. 649/A/1/17/2,CTS No.- 6862, Kulkarni Garden, Saharanpur
Road, Nashik-422002 with effect from May 24, 2012.
2. The existing DSC of Reliance Capital Asset Management Limited situated at Jawahar Market, 1st Floor, 323 / 321, Delhi Road, Nr D Park, Rohtak Haryana
124004 shall be shifted to 2nd Floor, Ashoka Plaza, Delhi Road, Rohtak 124001 with effect from May 28, 2012
3. The existing DSC of Reliance Capital Asset Management Limited situated at 637-B, 2nd Floor, Bhansali Tower, Residency Road, Jodhpur - 342001shall be
shifted to Dhir Jhankar, 3rd Floor, Opp. Gulab Halwa Wala, rd B Road, Sardarpura, Jodhpur 342003 with effect from May 31, 2012.
4. The existing DSC of Reliance Capital Asset Management Limited situated at Jai Complex, 1st Floor, Plot No. 1, Road No. 2, Alwar 301001 shall be shifted to
1st Floor, Offce No 137, Jai Complex, Plot No. 1, Near Canara Bank, Road No. 2, Alwar - 301001with effect from June 1, 2012.
5. With reference to Notice cum Addendum No. 12, the communication for closure of DSC located at 1st Floor, Plot No 4, NH-15, Opposite Bihani Petrol Pump,
Sri Ganganagar 335001- Rajasthan with effect from May 31, 2012 is shall stand cancelled.
Changes in Designated nvestor Service Center (DSC) With reference to Notice cum Addendum No. 12, the communication for closure of DSC located at Ground Floor,
Offce No. 1, Pooja Complex, Next to CC Bank, Station Road, Bhuj 3700 01- Gujarat with effect from May 31, 2012 shall stand cancelled.
This addendum forms an integral part of the Statement of Additional nformation (SA) or Scheme nformation Document (SD)/ Key nformation Memorandum (KM) (as
applicable) of the respective scheme of Reliance Mutual Fund. All the other terms and conditions of the aforesaid documents read with the addenda issued from time to time
will remain unchanged.
NOTICE CUM ADDEDNUM NO. 20 DATED JUNE 06, 2012
NOTICE S HEREBY GVEN THAT Reliance Mutual Fund ('RMF') / Reliance Capital Asset Management Limited ('RCAM') have decided to accept investment / redemption
requests from eligible Qualifed Foreign nvestors ('QFs') in the schemes of RMF. The aforesaid acceptances shall be subject to and effective from the date of implementation
of the operational processes by RCAM / relevant intermediaries and the framework and guidelines as prescribed by the appropriate authorities / intermediaries in terms of
the SEB Circular CR / MD / DF / 14 / 2011 dated August 9, 2011.
n view of the above, the following changes shall be made in the Scheme nformation Document(s)/ Key nformation Memorandum(s) of the eligible Schemes of RMF and
Statement of Additional nformation (as applicable) of RMF.
n terms of the SEB Circular CR / MD / DF / 14 / 2011 dated August 9, 2011, the Qualifed Foreign nvestors (QFs) who meet KYC requirement shall be eligible to make
investment in the existing as well as prospective equity schemes, and debt schemes which invest in nfrastructure debt (as and when launched) of RMF as well as such
other scheme(s) of RMF, as may be permitted to accept investments from QFs as per the extant regulatory provisions, applicable from time to time, subject to the following
guidelines:
QuaIied Foreign Investor ('QFI') shall mean a person resident in a country that is compliant with Financial Action Task Force (FATF) standards and that is a signatory to
nternational Organization of Securities Commission's (OSCO's) Multilateral Memorandum of Understanding;
Provided that such person is not resident in ndia;
Provided further that such person is not registered with SEB as a Foreign nstitutional nvestor or as a Sub-account.
Explanation - For the purposes of this subject matter:
(1) the term "Person shall carry the same meaning under Section 2(31) of the ncome Tax Act, 1961.
(2) the phrase "resident in ndia shall carry the same meaning as in the ncome Tax Act, 1961.
(3) "resident in a country, other than ndia, shall mean resident as per the direct tax laws of that country.
RCAM reserves the right to include/exclude new/existing categories of the Schemes of RMF, as may be permitted by the SEB Regulations from time to time.
Guidelines applicable for QFIs
QF(s) who meet the KYC and other requirements stip ulated by SEB / RMF/ RCAM and other applicable regulator(s), may invest in existing as well as prospective schemes
(as and when launched) of RMF, as may permitted by extant applicable laws, through holding mutual fund ('MF') units through the following route:
1. Direct Route - Holding MF units in Demat account maintained by the QF with a SEB registered depository participant (DP).
2. Indirect Route - Holding MF units via Unit Confrmation Receipt (UCR).
QFs are required to submit the necessary information for the purpose of obtaining PAN. For this the QFs are required to submit the combined PAN cum KYC form, which
is notifed by CBDT or other appropriate authorities from time to time, for QFs. Further, RCAM reserves the right to obtain any additional information / documents from the
QF to ensure the compliance of extant laws and regulations.
A person who satisfes the requirements of QF, as stated above, can only invest under the Direct Route or ndirect Route. Further, such investment(s) shall be in compliance
with the extant applicable laws of the country in which the QF is resident and from which the investment is made.
n case of Direct Route, a QF can open only one demat account with any one of the qualifed DPs and shall subscribe and redeem the units of RMF only through that DP.
The bank account which QF has designated for the purposes of investment(s) in the units of RMF schemes should be based in either of the countries as are permitted by
the appropriate regulatory authorities from time to time. Further, QFs are requested to note that, when subscriptions are received from bank account, the same bank account
will only be eligible for receipt of redemption/dividend proceeds.
Units which are held by QFs, of any scheme of RMF, shall be non-transferrable and non tradable.
QFs shall be entitled to only subscribe or redeem units of schemes of RMF and shall not be entitled to carry out systematic investments/ systematic transfer / systematic
withdrawals and switches of such units.
Further, the QFs shall not be entitled to create any encumbrance i.e. pledge or lien on the units/UCRs of the schemes of RMF that are held by them and they shall be
required to hold such units free from all encumbrances.
Process for subscription / redemption of units by QFIs through Direct Route:
There shall be 3 parties under this route - QFs, qualifed DP and RMF:
1. Subscription Process
a) Subscription from QF
i. The QF will make an application for purchase / subscription to the concerned DP, mentioning the name of the RMF scheme and remit the funds.
ii. The DP in turn will forward the purchase / subscription order to RMF / RCAM and remit the funds received by it to the relevant RMF scheme bank account
on the same day as the receipt of the funds from the QF.
iii. n case the funds are received by the DP after business hours, then the DP will remit the funds to the RMF scheme bank account on the next business day.
b) RMF / RCAM shall process the purchase / subscription request and credit the units into the demat account of the QF, held with the DP.
c) Units will be allotted on the basis of NAV of the day when funds are received in the RMF scheme bank account, subject to the receipt of the purchase /
subscription application from the QF, through the DP.
2. Redemption Process
a. QFs can redeem, either through delivery instruction (physical/ electronic) or any another mode prescribed by the DP.
b. QF shall issue redemption instruction to the DP and the DP shall in turn process the same and forward the redemption instruction(s) to RMF / RCAM.
c. DP shall simultaneously transfer the relevant units held in demat account of the QF to the respective RMF scheme demat account.
d. Upon receipt of the redemption instructions and the concerned units, RMF/ RCAM shall process the redemption request and credit the redemption amount, net
of all applicable taxes, within the timelines for redemption specifed elsewhere in the SD.
e. NAV in case of redemption would be applicable on the basis of time stamping of transaction slip & applicable cut off timing of the concerned RMF scheme.
f. DP will, in turn, remit the funds to bank account of the QF.
3. Dividend
a. Dividend amount will be credited by RMF / RCAM to the single rupee pool bank account of the DP.
b. The DP will, in turn, transfer the dividend amounts to the bank account of the QF within 2 working days of the date of receipt of the money from RMF / RCAM.
4. Refund Process
f for any reason units are not allotted by RMF / RCAM, after receipt of funds from the DP, then RMF / RCAM shall refund the funds to DP. RMF/DP /RCAM will remit
money back to the bank account of the QF, within the prescribed timelines.
Process for subscription / redemption of units by QFIs through Indirect Route:
There shall be 4 parties under this route - QFs, UCR issuer (based overseas), SEB registered Custodian (based in ndia) and RMF.
RMF / RCAM shall appoint one SEB registered custodian in ndia and one or more UCR issuer(s) overseas from time to time, in accordance with the extant laws and
regulations and notify the same appropriately.
1. Subscription Process
(a) QFs can subscribe only through the UCR issuer
(b) The rupee denominated units of the respective schemes of RMF would be held as underlying by the custodian in ndia in demat mode against which the UCR
issuer would issue UCR(s) to be held by QFs.
(c) RMF / RCAM may, at their discretion, receive funds from the QF towards subscription, either in any freely convertible foreign currency or in ndian Rupees;
(d) n case RMF / RCAM intends to receive funds from the QFs, towards transactions, in any freely convertible foreign currency, RMF / RCAM will open a bank
account overseas and the following process shall be followed by the QF in respect of his investments:
i. The QF(s) shall place a purchase/ subscription order through the UCR issuer and remit the funds to the overseas bank account of RMF.
ii. UCR issuer shall forward the order(s) of QF(s) to RMF / RCAM / Custodian.
iii. Upon receipt and transfer of funds to ndia, RMF / RCAM shall issue units to the custodian and custodian in turn will confrm to the UCR ssuer to issue
UCR(s) to the QFs.
(e) n case RMF / RCAM intend to receive funds from the QFs, towards transactions, in ndia, then upon receipt of the subscription form and the funds in ndia from
the QF(s) in the relevant scheme's account of RMF, RMF / RCAM shall issue units to the custodian and the custodian shall in turn confrm to the UCR ssuer to
issue relevant UCR(s) to the QF(s).
2. Redemption Process
(a) QFs can redeem only through the UCR issuer
(b) Upon receipt of redemption instruction(s), RMF / RCAM shall process the same and shall either
i. transfer the redemption proceeds to the overseas bank account of RMF for making payment to the bank account of the QF(s); or
ii. remit redemption proceeds to the UCR issuer which in turn shall remit redemption proceeds to the bank account of the QF(s).
3. Dividend
n case of dividend payout, RMF / RCAM shall either:
(a) transfer the dividend amounts to overseas bank account of RMF for making payment to the bank account of the QF(s); or
(b) remit the dividend amount proceeds to the UCR issuer which in turn shall remit the dividend amount to the bank account of the QF(s).
All payments by RMF / RCAM to the QF(s) shall be made net of applicable taxes.
The investment(s) by the QF(s) in RMF schemes shall also be subject to the relevant and extant FEMA regulations and guidelines issued by the Reserve Bank of ndia
from time to time.
RCAM reserves the right to introduce / modify any terms and conditions for processing the transactions of QFs in line with applicable regulations and amendments
from time to time.
All other features and terms and conditions of the Scheme nformation Document / Key nformation Memorandum cum Application Form of the Scheme(s) of RMF and
the Statement of Additional nformation (as applicable) of RMF will remain unchanged.
This addendum forms an integral part of the Scheme nformation Document / Key nformation Memorandum cum Application Form of the Scheme(s) of RMF and the
Statement of Additional nformation (as applicable) of RMF, read with the addenda issued therefore.
NOTICE CUM ADDENDUM NO. 23 DATED JUNE 13, 2012
Changes in Designated Investor Service Centre (DISC)
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at Reliance House, No 6, Haddows Road, Opposite
Shastri Bhavan, Nungambakkam, Chennai 600006 shall be shifted to 2nd Floor, Old door No.52,New door No.8,North Boag Road, TNagar, Chennai-600017 with effect
from June 18, 2012.
This addendum forms an integral part of the Scheme nformation Document(s), Statement of Additional nformation and Key nformation Memorandum(s) of the Schemes of
Reliance Mutual Fund, read with the Addenda issued from time to time.
NOTICE CUM ADDENDUM NO. 26 DATED JUNE 15, 2012
The existing DSC of Reliance Capital Asset Management Limited situated at Old No. 31 & 32, New no. 52 & 54, TVL Boag Willa, North Boag Road, T Nagar, Near
Kariakudi Restaurant Chennai - 600 017 shall cease to operate with effect from June 16, 2012.
The existing DSC of Reliance Capital Asset Management Limited situated at 1st Floor, 2/2, Surya Towers, Above CC Bank, Salai Road, Dindigul - 624001 shall cease
to operate with effect from June 30, 2012.
The existing DSC of Reliance Capital Asset Management Limited situated at 1st Floor, DK Complex, SCO-514/515 A Gobind Puri Road. Yamuna Nagar, Haryana
-135001 shall be shifted to 2nd Floor, 221, Professor Colony, Gobindpuri Road, Yamunanagar 135001 with effect from June 20, 2012.
nvestors are requested to take note of the above. This addendum forms an integral part of the Scheme nformation Document(s), Statement of Additional nformation and
Key nformation Memorandum(s) of the Schemes of Reliance Mutual Fund, read with the Addenda issued from time to time.
NOTICE CUM ADDENDUM NO. 34 DATED JULY 05, 2012
Notice is hereby given that Ms. Geeta Chandran - Head - Operations has retired from the services of Reliance Capital Asset Management Limited, with effect from the close
of business hours on June 30, 2012 and hence, she ceased to be a Key Personnel of the Company.
nvestors are requested to take note of the above. This addendum forms an integral part of the Statement of Additional nformation (SA). All the other terms and conditions
of SA read with the addenda issued from time to time will remain unchanged.
CA. Uttam Prakash Agarwal has been appointed as an independent director on the Board of Reliance Capital Trustee Company Limited (RCTC) with effect from the June
29, 2012.
The Reliance Capital Asset Management Limited ("RCAM)/Reliance Mutual Fund ("RMF) has decided to modify the Statement of Additional nformation ("SA) of RMF in
order to include the details of CA. Uttam Prakash Agarwal, the same are as follows:
Name Age QuaIication Brief Experience
CA. Uttam Prakash
Agarwal
49 B.Com, FCA,
CA (Australia),
CPA (Australia)
CA. Uttam Prakash Agarwal, is a senior partner in M/s. Uttam Abuwala & Co., Chartered Accountants. Having qualifed
as a Chartered Accountant in 1988 and being in the practice of Chartered Accountancy for about 2 decades, CA. Agarwal
specializes in the area of implementation of XBRL, Corporate Advisory, Taxation, and Management Consultancy. CA.
Agarwal is coming out with a new concept of Uttam Prakash Agarwal Chartered Accountants Academy to systemize the
educational framework in the feld of Accountancy and Finance, with specifc emphasis on Chartered Accountancy to create
industry ready professionals.
CA. Agarwal was elected as the President of the nstitute of Chartered Accountants of ndia for the year 2009-10. He also
holds the honorary membership of nstitute of Chartered Accountants of Australia. As a prolifc speaker, he has addressed
various conferences, seminars and workshops, organized nationally and internationally by CA and has authored several
books as well.
CA. Agarwal has been rewarded by the President of ndia, Her Excellency Smt. Pratibha Devisngh Patil with "Recognition
of Excellence Award. He was also awarded with "UDAN 2011 by the Times of ndia Group Newspaper Navbharta Times
the same has been handed over by Shri Uddhav Thackeray, Executive President, Shiv Sena, for being one of the youngest
President of CA, taking ndia Chartered Accountancy profession worldwide & for his contribution towards nfrastructure
Development at CA.
He had held memberships on several Boards viz. nternational Federation of Accountants (FAC), Developing Nations
Committee (DNC) of FAC, Small and Medium Practices Committee (SMP) of FAC, Confederation of Asian and Pacifc
Accountants (CAPA), CAPA Sub-Committee on Environmental Accounting, South Asian Federation of Accountants (SAFA),
Central Direct Taxes Advisory Committee (CDTAC), nsurance Regulatory and Development Authority (RDA), Tariff Advisory
Committee of RDA, Standing Committee on Accounting ssues (SCA) constituted by RDA, National Advisory Committee on
Accounting Standards constituted by the Ministry of Corporate Affairs, Audit Advisory Board and the Government Accounting
Standards Advisory Board both constituted by the Comptroller and Auditor General of ndia, nternal Audit constituted by
the Offce of Controller General of Accounts, Government of ndia.
He also holds Directorship in various companies and has been actively associated, for a number of years, with various
professional and social associations. Articles contributed by him on various matters of interest and importance to the
profession have been published in leading Journals.
nvestors are requested to take note of the above. This addendum forms an integral part of the SA. All the other terms and conditions of SA read with the addenda issued
by RCAM/RMF from time to time will remain unchanged.
Notice is hereby given to the Unitholders of the schemes of Reliance Mutual Fund ("RMF) that Nippon Life nsurance Company ('Nippon') is proposing to acquire 26% of
the total issued and paid up equity share capital of Reliance Capital Asset Management Limited ("RCAM), subject to the fulfllment of certain conditions precedent, including
the receipt of necessary regulatory approvals ("the Acquisition).
t may be noted that Reliance Capital Limited ("RCL) will continue in its capacity as Sponsor of RMF. t may also be noted that pursuant to the Acquisition, there will not be
any change in the shareholding pattern of Reliance Capital Trustee Co. Limited (the "Trustee Company) and that there will not be any change in the name of RMF, RCAM
or that of the Trustee Company.
Securities and Exchange Board of India ( SEBI ), vide its letter no. OW/12971/2012 dated June 12, 2012, has already accorded its No Objection for the
Acquisition.
Information about Nippon
Nippon is a mutual company incorporated and existing under the laws of Japan, having its registered offce at 3-5-12, mabashi, Chuo-ku, Osaka 541-8501, Japan and is
regulated by the Financial Services Agency of Japan.
Nippon is engaged in the business activities of (a) providing life insurance; (b) providing agency services or administration services to other insurance companies (including
foreign insurers) or fnancial institutions, providing guarantees for liabilities, and other businesses incidental to the businesses of the preceding items; and (c) sale and
purchase of government bonds, local government bonds or government-guaranteed bonds, handling of the offering or administration and other business permitted under
the nsurance Business Act of local government bonds, corporate bonds or other debentures, and other businesses which life insurance companies may conduct under the
laws other than the nsurance Business Act.
Nippon is a 122-year old Global Fortune 100 company, and manages over USD 600,000,000,000 (United States Dollars Six Hundred Billion) (approximately, Rs.
30,000,000,000,000 (Rupees Thirty Trillion)) in assets, amongst the largest total assets managed in the world by any life insurer. Nippon is the 7th (Seventh) largest life
insurer in the world and the number one private life insurer in Asia and Japan. Nippon has over 14,000,000 (Fourteen Million) policies in Japan.
Nippon also has an asset management arm, Nissay Asset Management Corporation ("Nissay), which manages assets worth about USD 60,000,000,000 (United States
Dollars Sixty Billion).
Exit Option for Unitholders
Pursuant to Regulation 22(e) read with 2 (g) of SEB (Mutual Funds) Regulations, 1996, in case of change in the controlling interest of the asset management company (in
this case, RCAM), an option is required to be provided to the unitholders of the schemes of RMF to exit at the prevailing Net Asset Value, without any exit load ("exit option).
Since the Acquisition will result in Nippon holding 26% (Twenty Six per cent) of the total paid-up equity share capital of RCAM, and consequently, will result in a change in
the 'controlling interest' of RCAM, the said exit option is being provided to the unitholders of the schemes of RMF during a period of 30 (thirty) days, commencing from the
August 6, 2012 till September 4, 2012 (both days inclusive).
Should you therefore wish to exercise the exit option, you may do so, by sending a valid redemption request during the aforesaid period of 30 days and the redemption
proceeds will be mailed/credited within 10 (ten) working days from the date of the receipt of the redemption request. t may however be noted that all requests for exit
option received after September 4, 2012, shall be subject to the applicable exit load, in terms of the relevant details, as specifed in the respective Scheme nformation
Documents of the schemes of Reliance Mutual Fund. Unitholders should ensure that any change in address or pay-out bank details required by them, are updated in the
Fund's records before exercising the exit option in line with the timelines as mentioned in the Statement of Additional nformation / Scheme nformation Document / Key
nformation Memoranda.
t may further be noted that (a) in case you do not have any objection to the Acquisition, no action is required to be taken at your end; (b) the unitholders who do not exercise
the exit option within the aforesaid period, would be deemed to have consented to the proposed change in the controlling interest; (c) the exit option is not available to the
unitholders whose investments have not completed the statutory lock-in periods under the Section 80C of the ncome Tax Act, 1961; (d) the unitholders who have pledged
or encumbered their units will not have the option to exit unless they procure an effective release of their pledges / encumbrances prior to the submission of redemption
requests; and (e) the impact of securities transaction tax, if any, arising out of the exit option exercised during the exit option period hereunder, shall be borne by RCAM.
However, any other tax consequences, arising out of exercise of exit option during the exit option period hereunder, shall be borne by the investor in line with the relevant
provisions, as have been set forth in the Statement of Additional nformation / Scheme nformation Document / Key nformation Memoranda.
The unitholders of the Schemes are also being individually informed about the details of the aforesaid proposed Acquisition through a separate written communication, which
also includes a statement of unclaimed redemption and / or unclaimed dividend outstanding as on March 31, 2012 and procedure for claiming the same.
The Schemes will continue to be governed by the features / terms & conditions as mentioned in the Statement of Additional nformation / Scheme nformation Documents /
Key nformation Memorandum of RMF and there would be no change in any of the fundamental attributes governing the schemes as a result of the Acquisition.
Unitholders who do not receive the communication in this regard may contact the Registrar and Transfer Agent of RMF viz. Karvy Computershare Private Limited at the
below mentioned address:
Karvy Computershare Pvt. Ltd.
Madhura Estate, Municipal No.1-9/13/C, Plot No.13 & 13C, Survey No.74 & 75,
Madhapur Village, Serlingampally Mandal & Municipality, R.R.District, Hyderabad - 500 081.
n case of any further clarifcation for the proposed arrangement or for processing the redemption requests the investor may contact / submit the transaction request at any
of the Designated nvestor Service Centres of the RMF or the Registrar and Transfer Agents of RMF viz. Karvy Computershare Private Limited.
This addendum forms an integral part of the Scheme nformation Document/ Statement of Additional nformation and Key nformation Memorandum of the Scheme from time
to time. All the other terms and conditions of the aforesaid documents read with the addenda issued from time to time will remain unchanged.
NOTICE CUM ADDENDUM NO. 42 DATED AUGUST 01, 2012
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at 2nd Floor, Harpreet Plaza, above Federal Bank,
G.T.Road, Panipat-132103 shall be shifted to 1st Floor, Royal , 1181, G T Road, Opposite Railway Road, Panipat 132103 with effect from August 2, 2012.
Notice is hereby given that Reliance Mutual Fund ("RMF)/Reliance Capital Asset Management Limited (RCAM) has decided to introduce the following facilities under the
heading special product/facilities for all the existing eligible schemes of RMF and such schemes as may be launched by RMF from time to time, consequently the following
changes will be applicable in the Scheme nformation Documents ("SD)/Key nformation Memorandum ("KM) of the respective schemes.
These facilities will be available only to the individual investor having folio with the single mode of holding with effect from August 4, 2012.
I. Interbank Mobile Payment Service ( IMPS ) facility as an additional mode of payment for subscription.
MPS is a payment platform provided by National Payments Corporation of ndia ("NPC)that allows investor(s) to use mobile technology as a channel for accessing
their bank accounts and initiating interbank fund transaction in a convenient and secure manner.
Existing nvestor(s) of RMF are required to register with their bank to activate MPS facility for their bank account and obtain Mobile Money dentifer.
Features/process for subscription through IMPS
1. nvestor has to obtain a Mobile Money dentifer ("MMD) and Mobile PN ("MPN) for the bank account held with his/her Bank. The process of registration varies
from Bank to Bank.
2. nvestor need to register for this facility with RMF by sending a SMS 'START MPS' to '9243 777 710' seven days prior to transacting. This SMS should be sent
from the Mobile number registered with RMF.
3. Reliance Mutual Fund's MMD is "9039001
4. Reliance Mutual Fund Mobile Number is "9664001111
5. nvestor will have to send a SMS or use the bank mobile application from his/her mobile number registered with his bank, instructing to transfer funds from his/
her bank account. nvestor will have to provide RMF MMD, Mobile Number, and the amount he/she wishes to transfer and the payment reference details i.e.
Folio Number registered against the mobile number and scheme code.
6. The SMS/instruction from mobile application sent by the investor to his bank will be routed through NPC to the collection banker appointed RMF for collection of
funds through MPS.
7. All valid instruction received by the collection banker from NPC up to 2.p.m. would be considered for same day Time Stamping. Schemes where the unit
allotment is done on the basis of receipt of credit, the NAV applicability will be based on receipt of funds.
8. Valid nstructions received after 2.00 pm by the collection banker would be considered for the next transaction date.
9. ncomplete / invalid MPS instruction received by the collection banker will be rejected and refunded back through MPS within 3 working days
10. nvestment instruction received through MPS, units will be allotted in Physical Mode only.
11. As per the process laid down by NPC for movement of funds, the amount may be debited from the investor account immediately and the funds may be credited
into RMF collection account on the next working day of the bank.
12. This feature will be applicable for all schemes and minimum investment amount criteria will be applicable as per the SD/KM.
13. To deactivate the service of subscription through MPS investor can send SMS 'STOP MPS' to '9243 777 710'. The feature will be deactivated with RMF with in
7 calendar days from the date of receipt of request. Funds received through MPS (if any) post deactivation of this service will be refunded.
14. Subscription through MPS will be accepted only from registered bank account as updated in the folio with the fund house.
15. The current transaction amount limit set by NPC is Rs 5,000 per day for transactions done through SMS and limit is Rs 50,000 per day for transactions done
through mobile application of the debit bank.
16. Any Chargeback / dispute has to be raised within 60 days from the date of transaction with RMF.
17. Only Resident ndividuals, Non Resident ndividuals with mode of holding as 'Single' only are eligible for MPS facility with RMF.
II. Following facility has been introduced as an Invest Easy - Individuals mode of transactions in the eligible schemes of RMF
(i) Transact on Phone through RMF Call Centre
(ii) Transactions through SMS
(iii) Website of Reliance Mutual Fund www.reliancemutual.com
a) Who can apply
1. Existing investors having a folio (including zero balance folio)
2. New nvestor(s) to Reliance Mutual Fund
3. nvestor(s) with Mobile Number issued in ndia and valid Email D.
b) Features/Process
1. Existing nvestor(s) of the Fund can register for this Facility by duly flling the nvest Easy Registration Form and submit it at any of the Designated nvestor
Service Centre ("DSC) of RMF.
2. New nvestors to Reliance Mutual Fund can register for this facility by flling the common application form along with nvest Easy Registration Form and
submit it at any of the DSC of RMF.
3. This Facility is available with bank/branches that participate in Reserve Bank of ndia's Electronic Clearing Service (ECS) / Regional Electronic Clearing
Services (RECS). nvestor are requested to check with your bank / branch to check if your bank/branch participates in this facility. n addition to this, the
RCAM/RMF also has an auto debit tie up with CC Bank, DB Bank and State Bank of ndia. RCAM/RMF may reserve right to add / delete the banks from
time to time.
nvestors are advised to mention their Core Banking Account number in the nvest Easy Registration Form else the form may be rejected.
4. nvestor has to provide the per transaction Upper Cap Limit in the nvest Easy Registration Form. The Per transaction Upper Cap Limit is restricted up
to Rupee One Crore. Mandate with per transaction Upper Cap limit above Rupee one Crore will be rejected. The Per Transaction Upper Cap Limit is
applicable only for subscription / SP. f no amount is mentioned on the registration form then the request will be rejected.
5. nvestor(s) needs to submit the nvest Easy Registration Form Twenty Five (25) calendar days in advance for activation of this facility.
6. nvestor(s) can start using this Facility only after successful registration of the nvest Easy Registration Form with their bankers. RMF will endeavour to
provide a confrmation over email/sms/letter on successful registration with the investor bank.
7. Folio with status Minor and Non ndividuals cannot register for nvest Easy - ndividuals.
8. Transactions reported through nvest Easy ndividual facility (Transaction through RMF SMS / Call Center / RMF Website / RMF Mobile Site) will be
processed under the ARN code of the distributor/broker that is mentioned in the nvest Easy Registration Form. nvestors may be charged with transaction
charges if the distributor/broker has opted for the same. nvestors are advised to check with the distributor/broker.
9. f the nvest Easy Registration Form is successfully accepted by RMF but is rejected by the nvestor bank. Subscription, Redemption and SP through SMS
will be deactivated for the investor to make an nvestment in the folio. nvest easy pay mode on RMF website will also be deactivated. However, investor
can only redeem through call center with the PN issued by RMF.
10. t is mandatory for investor to provide an original cancelled cheque or a copy of the cheque of the bank account to be registered failing which registration
may not be accepted.
11. t is the responsibility of the investor bank / branch to ensure the nvest Easy Registration Form is registered and confrmed to the RCAM. f no confrmation
of registration or rejection is received, the RCAM its agents will deem the same to be registered and confrm the registration to Unit holder(s) entirely at the
risk of Unit holder(s).
12. n case the nvestor wishes to cancel the nvest Easy ndividual - Mandate for Purchase / SP through nvest Easy facility. nvestor will have to submit an
nvest Easy Cancellation Form 15 calendar day prior to discontinue the Mandate.
13. n case the nvestor wishes to change the Debit Bank Mandate for Purchase / SP through nvest Easy facility. nvestor will have to submit an nvest Easy
change of bank form 25 calendar day prior to discontinue the existing mandate and re-register with the new bank mandate for subsequent debits to be
initiated with the new bank.
c) Unitholder Information
1. nvest Easy ndividuals facility through SMS is available to the investor with the mode of holding as 'Single' and the sms instruction being received from
registered Mobile number in the folio.
2. nvest Easy ndividuals facility through Call Centre and website is available only for folio with mode of Holding as 'Single'.
3. nvestor should specify the(ir) Folio No, Full Name, in the Applicant Details of nvest Easy Registration Form. The applicant name and the folio number should
match with the details in the existing folio. n case of mismatch of details, the nvest Easy Registration Form is liable to be rejected.
4. nvestors Mobile Number issued in ndia and Email D is to be provided in the nvest Easy Registration Form or is available in the folio to avail this facility. The
Mobile Number and / or Email d provided in the nvest Easy Registration Form will super cede the existing Mobile Number and / or Email D available in the folio.
5. The mode of allotment for transactions reported through RMF Call Centre or through SMS will be allotted only in physical mode. nvestors cannot opt for units in
Demat mode. However nvestors will have an option in our website for allotment in Demat Mode
6. nvestors holding units in Demat mode cannot report redemption through nvest Easy ndividual.
7. nvestors who have been transacting only through the exchange platform ie Bombay Stock Exchange / National Stock Exchange cannot register for nvest Easy
ndividuals.
8. Once registered under the nvest Easy ndividuals facility, the nvestor would be registered for all eligible schemes. nvestor(s) do not have an option to
selectively choose the Scheme(s) they would like to be registered under the nvest Easy ndividuals facility.
9. The bank mandate mentioned in the nvest Easy ndividuals Form is limited/ applicable only for Purchases through nvest Easy Facility and will not be added
to the registered bank details for transactions through other modes, in the folio. Third party payments are not permitted.
10. Any transaction request on a non-transaction Day will be processed on the next transaction Day in accordance with the provisions provided in the SD of the
Schemes and/or Statement of Additional nformation ('SA').
11. The bank account of the customer may be debited towards purchases either on the same day of transaction or within seven business days depending on ECS
cycle of RB / Auto Debit arrangement with the bank. However, in case of non receipt of the funds, for whatsoever reasons, the transaction shall stand rejected
and the units allotted, if any would be reversed.
(i) Process/features Transact on Phone through Reliance Mutual Fund Call Centre.
1. Purchase / Redemption, SP registration through call centre is accepted only in Rupee Amount.
2. Applicable NAV for the redemption will be dependent upon the time of completion of the call with the investor; the transaction will be electronically time-stamped.
3. The uniform cutoff time as prescribed by SEB and mentioned in the SD of the respective schemes shall be applicable for application received though such
facilities
4. The nvestor will have to call the dedicated call centre of RMF and authenticate oneself using the folio number and PN issued by RMF.
5. On successful authentication over the VR, the investor would be guided over to the call centre agent to place the redemption request.
6. A confrmation message over the VR would be read out to the investor to confrm the scheme/amount before confrming the redemption.
7. f the call cannot be connected to the call centre for whatsoever reason, the Unit holder(s) will not hold the RMF/RCAM responsible for the same.
(ii) Process/features for transact through SMS
1. nvestors has to send SMS to RMF 9664001111
2. Purchase, Redemption, SP registration through SMS is accepted only in Rupee Amount.
3. Applicable NAV for the transaction will be dependent upon the time of receipt of the SMS into the RTA server, and will be electronically time-stamped.
4. The uniform cutoff time as prescribed by SEB and mentioned in the SD of the respective schemes shall be applicable for application received though such
facilities
5. The RCAM/RMF will endeavor to identify multiple SMS received from the same mobile number for the same folio, Amount & scheme-plan-option. n the event of
multiple SMS being received. The RCAM/RMF will consider the frst transaction received, reject the subsequent multiple SMS received on the same day.
n case investor wish to register SP Following will be applicable:
Debit frequency Monthly
Debit Cycle 10th of every month
Tenure Perpetual.
No of days required to start SP 10 calendar days
nvestor has to send a SMS to Reliance Mutual Fund on 9664001111
For List of schemes codes, Terms & conditions and further details , please visit www.reliancemutual.com
6. f the transaction is delayed or not effected at all for reasons of incomplete or incorrect information/key word or due to non-receipt of the SMS message by the
RTA or due to late receipt of SMS due to mobile network congestions or due to non-connectivity or due to any reason whatsoever, the Unit holder(s) will not hold
the RMF, RCAM responsible for the same.
7. The request for transaction is to be considered as accepted, subject to realization of funds towards purchases and only on the receipt of the confrmation from
RCAM/RMF on the registered mobile number or email id of the Unit holder.
8. n case of non-receipt of confrmation by investors within a reasonable time, investor(s) are requested to immediately call up the call centre to confrm the status
of the transaction.
9. n case the investor receives multiple confrmations against a single transaction, the same needs to be brought to the attention of the RCAM/RMF.
f the nvestor(s) believes there has been any an unauthorized transaction effected, the investor shall notify the RCAM/RMF immediately.
(iii) Terms and conditions - Website of Reliance Mutual Fund www.reliancemutual.com
1. nvestors having registered nvest Easy - ndividuals registered in the folio can now subscribe to the schemes of Reliance Mutual Fund through our website www.
reliancemutual.com and make the payment through nvest Easy Facility.
2. This facility is n addition to the existing mode of payment like Net Banking / Debit Card.
3. nvestor(s) will have to login to the online account using the user id and password/transaction pin to authorize the transaction for Reliance Mutual Fund to initiate
the debit instruction to the bank.
The above facilities is available subject to such limits, operating guidelines, terms and conditions as may be prescribed by the RMF/RCAM from time to time.
RMF/RCAM resereve the right to introduced, change, modify or withdraw the features available in these facilities from time to time. nvestors are requested to
note that investors transacting through the above modes are agreed to the terms and conditions as mentioned in the form and on our website.
This notice cum addendum forms an integral part of the SD(s), SA and KM (s) of the schemes of Reliance Mutual Fund. All the other terms and conditions of
the aforesaid documents read with the addenda issued from time to time will remain unchanged.
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at 201 / 202, 2nd Floor, 'SANAS' Memories, F. C. Road,
Shivajinagar, Pune 411004 shall be shifted to 5th Floor, Guru Krupa, 1179/4, F.P. No. 554/4, Modern College Road, Dnyaneshwar Paduka Chowk, Above 5 Fitness Health
Club Offce FC Road Pune 411 005 with effect from August 11, 2012.
Notice is hereby given that Mr. Raghuvir Mukherji, has been appointed as Head of Risk Management of Reliance Capital Asset Management Limited with effect from August
1, 2012. The details of his appointment are as follows:
Name &
Designation
Age / QuaIications Brief Experience
Mr. Raghuvir
Mukherji,
Head of Risk
Management
37 Years
Chartered Accountant
and
Certifed Financial Risk
Manager (from Global
Association of Risk
Professionals, USA)
Over 13 years of experience across banking, capital markets and risk management
August 2012 till date
Reliance Capital Asset Management: Head of Risk
February 2011 - July 2012
HSBC - Vice President Risk Policy and Analytics managing wholesale lending policies, administration of lending limits
and analytics for risk management committee
February 2008 February 2011
HSBC (Securities Services) - Vice President, Product Management - New product due diligence, marketing and
communications, budgeting
August 2007- February 2008
Purputo Content Management Pvt Ltd. (Trade name: Gridstone Research) - Senior Manager ndustry Research - Lead Analyst
for Banking and Financial Services (equity research)
October 2004 July 2007
nfosys Technologies Ltd. - Senior Consultant, Domain Competency Group, Financial Securities team - Requirements
gathering and functional design; Sales support and profle building
August 2003 September 2004
JPMorgan Services ndia Private Ltd. Process Manager, Global ncome - Managing operations of global income
(corporate actions) process
July 2002-July 2003
Citibank NA Assistant Manager, Clearing and Cash Management, Ahmedabad Branch
February 2000 July 2002
Citibank NA Assistant Manager, offcer in charge of internal controls, Securities Services
February 1999 February 2000
Tata Consultancy Services - Assistant Systems Engineer, (Management Consulting team) - requirements gathering and
functional design
This addendum forms an integral part of the Statement of Additional nformation. All the other terms and conditions of the aforesaid document read with the addenda issued
from time to time will remain unchanged.
. Notice is hereby given that Mr. Yutaka Ideguchi has been appointed as an Associate Director on the Board of Reliance Capital Asset Management Limited (RCAM)
with effect from the August 17, 2012.
The Reliance Capital Asset Management Limited ("RCAM)/Reliance Mutual Fund ("RMF) has decided to modify the Statement of Additional nformation ("SA) of
RMF in order to include the details of Mr. Yutaka deguchi, the same are as follows:
Name Age QuaIication Brief Experience
Mr. Yutaka deguchi 49
Years
MBA from The Wharton School, University of
Pennsylvania, Philadelphia, USA, Bachelor of Law
from Hokkaido University, Sapporo, Japan and
certifed as a Chartered member of the Security
Analysts Association of Japan.
Mr. Yutuka deguchi is presently acting as General Manager, nternational
Planning & Operations Department of Nippon Life nsurance Company,
Japan.
He joined Nippon in 1986. Since then he has worked at various levels
in Corporate Planning Department, Risk Management Department and
nternational Planning & Operations Department of the said Company.
. Notice is hereby given that Mr. Manu Chadha Associate Director of RCAM has resigned from his position, as such, with effect from August 17, 2012.
The existing DSC of Reliance Capital Asset Management Limited located at 1st Floor, Near M.R.M. Offce, Modern Market Circle, Bikaner - 334001 shall be shifted to
Shop no. 26-27, 1st Floor, Silver Square, Rani Bazaar, Bikanerr - 334001 with effect from August 24, 2012.
The existing DSC of Reliance Capital Asset Management Limited located at C/O Jagnath Properties, J.K.Tower, 1st Floor, Vaishali, Nainital Road, Haldwani-263139,
District Nainital shall be shifted to C/O Uma Nand Sharma, B Block, 2nd Floor, Above Birla Sun Life nsurance Co Ltd, Durga City Centre, Haldwani - 263139 District
- Naintal with effect from August 24, 2012.
The existing DSC of Reliance Capital Asset Management Limited located at Shop no-1, Pooja Complex-A, Near CC bank Station road, Bhuj-370001 shall be shifted
to Shop no-214 & 215, 1st Floor, Shah Commercial Complex, B/s SB bank, Near CC bank, Station road, Bhuj-370001 with effect from August 24, 2012.
NOTICE CUM ADDENDUM NO. 55 DATED SEPTEMBER 07, 2012
1. Changes in Designated Investor Service Centre (DISC):
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at 4th foor, chinar commercial complex, The Bund
Residency Road, Srinagar 190 001 shall be shifted to 1st Floor, Munawar Plaza, Munawarabad, M A Link Road, Srinagar 190001 with effect from September 08,
2012.
This addendum forms an integral part of the Statement of Additional nformation, Scheme nformation Document(s) and Key nformation Memorandum(s) of the
Schemes of Reliance Mutual Fund, read with the Addenda issued from time to time.
With reference to our Notice cum Addendum no.44 dated August 3, 2012, Reliance Mutual Fund ("RMF)/Reliance Capital Asset Management Limited (RCAM) has further
decided to introduce/modify the features of "nvest Easy - ndividuals which is available in all the existing eligible schemes of RMF:
1) Modication in the features/process for avaiIing the "Invest Easy - IndividuaIs" faciIity:
A. Mode of hoIding:
The Invest Easy Individuals facility is currently available only for individual investor having the mode of holding as Single . The said facility shall with effect
from September 18, 2012, will also be available to investor having a mode of holding as Anyone or Survivor .
This will enable the investors to transact through SMS, Call center, mobile WAP (Web Access Portal) Site and Website of RMF.
B. Acceptance of Invest Easy Mandate if onIy mobiIe number / emaiI id is avaiIabIe:
The nvest easy mandate is currently being processed if the mobile number and email id of investor is registered with RCAM / RMF.
As an investor service initiative, the said facility with effect from September 28, 2012, be registered if either the mobile number or the email id is available /
registered with RCAM / RMF.
(a) f only the mobile number of the investor is registered with RCAM / RMF, investor can execute transaction only through SMS. The confrmation pertaining
to mandate registration /transaction confrmation / account statement and such other communication as required under Securities & Exchange (Mutual
Funds) Regulations, 1996, will be dispatched through physical mode on the registered address & SMS.
(b) f only the email id of the investor is registered with RCAM / RMF, investor can execute the following transactions:
Transaction through Call Center.
Transaction through mobile WAP (Web Access Portal) Site.
Transaction through RMF website
n this regard, PN will be issued only in physical mode and mandate registration / transaction confrmation / account statement and such other communication
as required under Securities & Exchange (Mutual Funds) Regulations, 1996, will be dispatched through electronic mode in line with the applicable regulations as
amended from time to time. nvestor may please note that the confrmation of mandate registration shall be informed to the investor through Physical Mode also.
nvestors may please note that for transacting through the "nvest Easy ndividual facility only one email id / mobile number can be registered with RCAM /
RMF in the individual folio. n case if the investor wishes to transact otherwise he / she can use the offine mode for transacting.
All other terms and conditions as mentioned in the above mentioned Notice cum addendum (no.44 dated August 3, 2012) remain unchanged.
The above facilities is available subject to such limits, operating guidelines, terms and conditions as may be prescribed by the RMF/RCAM from time to time.
RMF/RCAM reserve the right to introduced, change, modify or withdraw the features available in these facilities from time to time. nvestors are requested to note
that investors transacting through the above modes are agreed to the terms and conditions as mentioned in the form and on our website.
This notice cum addendum forms an integral part of the SD(s), SA and KM (s) of the schemes of Reliance Mutual Fund. All the other terms and conditions of
the aforesaid documents read with the addenda issued from time to time will remain unchanged.
Notice is hereby given that in line with the SEB circular No. CR/MD/DF/21/2012 dated September 13, 2012 and SEB Notifcation No. LAD-NRO/GN/2012-13/1721502
dated September 26, 2012, Reliance Mutual Fund ("RMF)/Reliance Capital Asset Management Limited ("RCAM) has decided to incorporate the following changes in the
Scheme nformation Documents ("SD)/Key nformation Memorandum ("KM) / Statement of Additional nformation ("SA) [wherever as applicable] for all the existing and
prospective eligible schemes of RMF w.e.f. October 01, 2012:
I. Modication in the Para titIed "Cut off timing for subscriptions/ redemptions/ switches" / "AppIicabIe NAV" of aII the SID / KIM of aII the open ended
schemes of RMF (other than Iiquid schemes) basis the detaiIs mentioned beIow:
Cut-off timings with respect to Subscriptions/Purchases incIuding switch - ins:
1. Purchases for an amount of Rs 2 lakh and above:
n respect of valid application received before 3.00 p.m. and funds for the entire amount of subscription / purchase as per the application are credited to the bank
account of the scheme and are available for utilization before the cut-off time of 3.00 p.m., the closing NAV of the day shall be applicable;
n respect of valid application received after 3.00 p.m. and funds for the entire amount of subscription / purchase as per the application are credited to the bank
account of the scheme and available for utilization before the cut-off time of the next business day, the closing NAV of the next business day shall be applicable;
rrespective of the time of receipt of application, the closing NAV of the day on which the funds are credited to the bank account of the scheme and available for
utilization before the cut-off time on any subsequent business day, the closing NAV of such subsequent business day shall be applicable.
For switch-in of Rs 2 lakh and above
a. Application for switch-in is received before the applicable cut-off time of 3.00 p.m;
b. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the respective switch-in schemes
before the cut-off time;
c. The funds are available for utilization before the cut-off time, by the respective switch-in schemes
2. Purchases/switch-in for amount of less than Rs 2 lakh:
a. where the application is received upto 3.00 pm with a local cheque or demand draft payable at par at the place where it is received closing NAV of the
day of receipt of application;
b. where the application is received after 3.00 pm with a local cheque or demand draft payable at par at the place where it is received closing NAV of the
next business day and;
c. where the application is received with an outstation cheque or demand draft which is not payable on par at the place where it is received closing NAV of
day on which the cheque or demand draft is credited
Investors are requested to note that Applicability of NAV with respect to redemptions including switch outs shall remain unchanged.
II. Modication in the Para titIed "Transaction Charges" in aII SIDs of the schemes of RMF / SAI:
n partial modifcation of the details mentioned in the captioned paragraph, the distributors shall have an option to either "Opt-in / Opt-out from levying transaction
charge based on the type of product. Therefore, the "Opt-in / Opt-out status shall be at distributor level, basis the product selected by the distributor at the Mutual Fund
industry level.
Rest all the details as mentioned in the above mentioned Para remains unchanged.
III. PartiaI Modication in the Para titIed "Load Structure" in aII SIDs/KIMs of the schemes of RMF,
Exit Load:
Exit load if charged, by RMF to the unitholders shall be credited to the respective schemes immediately net of service tax, if any.
Rest all the details as mentioned in the captioned Para and wherever appearing in SDs/KMs remains unchanged.
IV. Revision in para tittled Annual Scheme Recurring Expenses in all the SIDs/KIMs of the RMF
These are the fees and expenses for operating the scheme. These expenses include nvestment Management and Advisory Fee charged by the AMC and other
expenses as given in the table below:
The AMC has estimated that following % of the daily net assets of the scheme will be charged to the scheme as expenses. For the actual current expenses being
charged, the investor should refer to the website of the mutual fund.
Particulars
% of Net Assets
Type of Scheme
Equity Debt
Index/
Exchange
Traded Fund
Fund of Fund
(Reliance Gold
Savings Fund)
nvestment Management & Advisory Fee 1.45 1.45 0.95 0.00
Custodial Fees 0.06 0.06 0.01 0.01
Registrar & Transfer Agent Fees including cost related to providing accounts statement,
dividend/redemption cheques/warrants etc.
0.07 0.07 0.07 0.07
Marketing & Selling Expenses including Agents Commission and statutory advertisement 0.05 0.05 0.15 0.08
Brokerage & Transaction Cost pertaining to the distribution of units 0.75 0.50 0.32 0.55
Audit Fees / Fees and expenses of trustees 0.02 0.02 0.01 0.01
Costs related to investor communications 0.05 0.05 0.01 0.01
Costs of fund transfer from location to location 0.05 0.05 - -
Other Expenses 0.20 0.20 0.18 0.02
Total Recurring Expenses 2.70 2.45 1.70 0.75
These estimates have been made in good faith as per the information available to the nvestment Manager based on past experience and are subject to change inter-se
as per actual but the total expenses shall not exceed the limits permitted by SEB. Types of expenses charged shall be as per the SEB (MF) Regulations. The purpose
of the above table is to assist the investor in understanding the various costs and expenses that an investor in the scheme will bear directly or indirectly.
Mutual funds /AMCs may charge service tax on investment and advisory fees to the scheme in addition to the maximum limit as prescribed in regulation 52 of the SEB
Regulations.
Service tax on other than investment and advisory fees, if any, shall be borne by the scheme within the maximum limit as per regulation 52 of the SEB Regulations.
Mutual Funds/AMCs will annually set apart at least 2 basis points on daily net assets within the maximum limit as per regulation 52 of the SEB Regulations for investor
education and awareness initiatives.
Service tax on brokerage and transaction cost paid for asset purchases, if any, shall be within the limit prescribed under regulation 52 of the SEB Regulations.
However, no nvestment Management fees would be charged on RCAM's investment in the Scheme.The Trustee Company, shall be entitled to receive a sum
computed @ 0.05% of the Unit Capital of all the Schemes of RMF on 1st April each year or a sum of Rs.5,00,000/- which ever is lower or such other sum as may be
agreed from time to time in accordance with the SEB Regulations or any other authority, from time to time.
The total expenses of the scheme including the investment management and advisory fee shall not exceed the limits stated in Regulation 52(6) which are as follows:
(i) On the frst Rs. 100 crore of the daily net assets 2.50%;
(ii) On the next Rs. 300 crore of the daily net assets 2.25%;
(iii) On the next Rs. 300 crore of the daily net assets 2.00%;
(iv) On the balance of the assets 1.75%;
Provided that in respect of a scheme investing in bonds such recurring expenses shall be lesser by at least 0.25% of the daily net assets outstanding in each fnancial
year.
The total expenses of the ETF/ndex scheme including the investment management and advisory fee shall not exceed one and one half (1.5%) of the daily net assets
as stated in Regulation 52(6).
n case of a fund of funds scheme, the total expenses of the scheme including weighted average of charges levied by the underlying schemes shall not exceed 2.50
per cent of the daily net assets of the scheme as stated in regulation 52(6).
The investors in the Reliance Gold Saving Fund(RGSF) will be charged a maximum of 1.50% of the daily net assets including the expenses charged in its underlying
investments in R* Shares Gold Exchange Traded Fund and additional expenses as allowed by sub regulation 6A of regulation 52.
n addition to the limits specifed in regulation 52(6), the following costs or expenses may be charged to the scheme as per new sub regulation 6A, namely-
(a) brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent
in case of cash market transactions and 0.05 per cent in case of derivatives transactions;
(b) expenses not exceeding of 0.30 per cent of daily net assets, if the new infows from such cities as specifed by the Board from time to time are at least -
(i) 30 per cent of gross new infows in the scheme, or;
(ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher:
Provided that if infows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the scheme shall
be charged on proportionate basis:
Provided further that expenses charged under this clause shall be utilised for distribution expenses incurred for bringing infows from such cities.
Provided further that amount incurred as expense on account of infows from such cities shall be credited back to the scheme in case the said infows are
redeemed within a period of one year from the date of investment;
(c) additional expenses, incurred towards different heads mentioned under sub-regulations (2) and (4), not exceeding 0.20 per cent of daily net assets of the
scheme..
The Fund will strive to reduce the level of these expenses so as to keep them well within the maximum limits allowed by SEB. Expenses on an ongoing
basis will not exceed the following percentage of the daily net assets or such maximum limits as may be specifed by SEB Regulations from time to time.
The recurring expenses incurred in excess of the limits specifed by SEB (MF) Regulations will be borne by the AMC or by the Trustee or the Sponsor.
This notice cum addendum forms an integral part of the SD(s), SA and KM (s) of the schemes of Reliance Mutual Fund. All the other terms and conditions
of the aforesaid documents read with the addenda issued from time to time will remain unchanged.
NOTICE CUM ADDENDUM NO. 64 DATED OCTOBER 06, 2012
Notice is hereby given that Reliance Mutual Fund ("RMF)/Reliance Capital Asset Management Limited ("RCAM) has decided to incorporate the following changes in the
prospective eligible schemes of RMF w.e.f. October 08, 2012:
1. Schemes' investments into Liquid MutuaI Fund Schemes:
n order to allow investments by all the existing open ended close ended and interval schemes of RMF into Liquid Mutual Fund Schemes, the details shall be
incorporated in the SDs / KMs of schemes of RMF in the following manner:
n the para titled "Who Can nvest of open ended liquid schemes, the Schemes of Mutual Funds registered with SEB shall be added in the category of investors
eligible for investments in open ended liquid schemes.
n the para titled "Where will the Scheme nvest of all the open-ended, close ended and interval schemes other than liquid schemes, the liquid schemes launched
by SEB registered Mutual Fund or schemes that invest predominantly in money market instruments / securities shall be added in the category of investments
made by the schemes.
2. SpeciaI faciIities across aII existing schemes of RMF:
With the intent to facilitate the investors with varied nature of services, it has been decided to provide the following facilities common across all open ended schemes
of RMF (except for Exchange Traded schemes, nterval schemes and close ended schemes of RMF).
The said facilities are:
A. Systematic nvestment Plan (SP)
B. Systematic Transfer Plan (STP)
C. Reliance Salary AddVantage
D. Dividend Transfer Plan (DTP)
E. Systematic Withdrawal Plan (SWP)
F. Trigger Facility
G. Reliance Smart Step (transferor schemes being Liquid/Debt schemes and transferee schemes being equity schemes)
nvestors may please note that the above mentioned facilities are already being provided in majority of the schemes (basis the details mentioned in the SD of
respective schemes)and the same shall continue in line with existing terms & conditions.
n extension to the same, in some of the open ended schemes wherein currently the said facilities are not available the same shall be introduced. Details of the
same are mentioned below:
A. SYSTEMATIC INVESTMENT PLAN (SIP)
An investor can beneft under this facility by investing specifed amounts regularly. By investing a fxed amount of rupees at regular intervals, one would end up buying
more units of the Fund when the price is low and fewer units when the price is high. As a result, over a period of time, the average cost per unit to the unitholder may
tend to be less than the average subscription price per unit, irrespective of whether it is a rising, falling or fuctuating market. Thus, the unitholder automatically tends
to gains and averages out the fuctuations of the market, without having to monitor prices on a day-to-day basis. This concept is called "Rupee Cost Averaging.
Minimum investment amount for investing SP route is as follows:
(1) Rs.100/- per month and in multiples of Re. 1/- thereafter for minimum 60 months
(5) Rs.500/- per quarter and in multiples of Re. 1/- thereafter for minimum 12 quarters
(4) Rs.1500/- per quarter and in multiples of Re. 1/- thereafter for minimum 4 quarters
The cheques should be drawn in favour of "Reliance Dynamic Bond Fund A/c PAN or "Reliance Dynamic Bond Fund A/c First nvestor Name and crossed "Account
Payee Only and must be payable at the centre where the applications are submitted to the Customer Service Centre. n case of fresh/additional purchases, if the name
of the Scheme on the application form/transaction slip differs with the name on the Cheque/Demand Draft, then the AMC will reject the transaction.
An investor shall have the option of choosing for 1 or more than 1 SP in the same scheme same plan and in the same month. SP debit dates shall be 2nd, 10th, 18th
or 28th. However more than one SP for the same debit date is not allowed. To register multiple SP in the same scheme/same month, please submit separate ECS/
Auto Debit Mandate Forms.
Micro SP where aggregate of installments in a rolling 12 months period or in a fnancial year i.e. April to March does not exceed Rs 50,000 per year per investor
(hereinafter referred as "Micro SP), is exempted from the requirement of Permanent Account Number (PAN) with effect from August 01, 2009. However micro
SP investors are required to submit the copy of KYC acknowledgement. Micro SP facility is available in the Scheme subject to submission of necessary Photo
dentifcation Document along with Micro SP application as a proof of identifcation in lieu of PAN. The list of acceptable Photo dentifcation Documents is given in the
aforesaid AMF Guidelines, which is available on our website www.reliancemutual.com. Post Dated Cheques will not be accepted as a mode of payment for application
of MCRO SP. Reliance SP nasure facility will not be extended to investors applying under the category of Micro SPs.
The frst SP cheque/draft could be of any Business Day but subsequent Auto Debit mandate should be for date 2nd, 10th, 18th or 28th and there should be a minimum
gap of at least 21 Business Days between the 1st SP and the 2nd SP. The Auto Debit transaction date should have a gap of atleast a month or a quarter depending
upon the frequency chosen. ncase the criteria of 21 days is not met, the SP would start on the same date from the next month f the date of SP execution is a non-
Business Day for the scheme, then the units shall be allotted on the next Business Day. nvestors can also start a SP directly without any initial investment, however
he has to submit the application for enrolment of SP on any working day but the subsequent installment date of SP shall be 2nd / 10th / 18th / 28th with a minimum
gap of at least 21 working days between the submission of application form and the 1st SP.
ncase an investor intends to continue his SP forever; he can opt for perpetual SP which will not have an end date. n the event if the investors want to discontinue the
SP, a written communication will be required from the investors to discontinue the same. f the SP end date is not flled, the SP Auto Debit will be considered perpetual
till further instructions are received from the investor. Such facility of perpetual SP will not be applicable incase mode of payment is via Post Dated Cheques.
DefauIt SIP date:
f an investor does not mention SP Date in the application form or multiple SP dates are mentioned in the SP Mandate or the SP Date is unclear in the application
form / SP Mandate, the default SP date shall be treated as 10th of every month/quarter as per the frequency defned by the investor.
DefauIt SIP EnroIIment period when start date is not specied:
f an investor does not mention SP start date or the SP start date is unclear in the application form/SP Mandate, the SP date will by default start from the next
subsequent month after meeting the minimum registration requirement of 21 working days.
DefauIt SIP EnroIIment period when end date is not provided:
f an investor does not mention SP end date or the SP end date is not expressly mentioned/ unclear in the application form/SP Mandate, the tenure of SP will be
treated as perpetual i.e. the end date shall be considered as December 2099.
Termination of SIP:
n case of three consecutive failures due to insuffcient balance in bank account while processing request for SP, RCAM shall reserve the right to terminate the SP
without any written request from the investor.
n accordance with the requirements specifed by the SEB circular SEB/MD/CR No.4/168230/09 dated June 30, 2009 no entry load will be charged with respect
to applications for enrolment / registrations accepted by RMF with effect from August 01, 2009. Exit Load as applicable in the Scheme at the time of enrolment /
registration will be applicable.
This is purely for operational convenience. The unit holder is however free to discontinue from the SP facility at any point of time by giving necessary written
instructions atleast 15 days prior to the next due date of the SP.
nvestments can be made through Post Dated Cheques (PDC), Electronic Clearing System (ECS), Auto Debit and Direct Electronic Debit to the investor's bank
account. nvestors may please note that PDC will not be accepted in case minimum investment amount via SP is Rs. 100/- per month.
Auto Debit facility will be available with the banks as notifed by RMF from time to time. The ECS facility would be provided at all the locations where RB or its associate
Clearing House offers this facility. The list of such banks and centers where this arrangement will be available may undergo changes from time to time as and when
banks/centers are added/ deleted. nvestors are advised to contact the nearest Designated nvestor Service Centre for details before investing. The investor opting for
Auto debit/ ECS facility will be required to sign up a mandate form on the basis of which RMF will arrange for his account to be debited as per the frequency, amount
& date chosen by the investor.
Operational procedures for the facility will be announced by the Fund from time to time. RCAM in consultation with Trustees reserves the right to withdraw this facility,
modify the procedure, frequency, dates, load structure in accordance with the SEB Regulations and any such change will be applicable only to units transacted
pursuant to such change on a prospective basis.
B. SYSTEMATIC TRANSFER PLAN (STP)
STP is a facility wherein unit holders of designated open ended schemes of RMF can opt to transfer a Fixed amount (capital) or variable amount (capital appreciation)
at regular intervals to another designated open ended scheme of RMF.
A. Plans / Options available - There are two plans available Fixed Systematic Transfer Plan and Capital Appreciation Systematic Transfer Plan. Details of which are
provided as below:
(1) Fixed Systematic Transfer Plan - nvestor has the option to transfer a fxed amount of his choice as per the options available from one any of the eligible
Transferor scheme to any of the Transferee scheme. Unit holders are required to select any one of the following options under Fixed Systematic Transfer Plan.
(i) Daily Option where STP will be executed on Daily basis,
(ii) Weekly Option where STP will be executed on 1st, 8th, 15th and 22nd of every month,
(iii) Fortnightly Option where STP will be executed on 1st and 15th of every month,
(iv) Monthly Option where STP will be executed on any pre-specifed date of every month to be chosen by the unit holders,
(v) Quarterly Option - where STP will be executed on any pre-specifed date of the frst month of the quarter to be chosen by the unitholder.
(2) Capital Appreciation Systematic Transfer Plan - nvestor has the option to transfer only the appreciated amount from one any of the eligible Transferor scheme
to any of the Transferee scheme. Unit holders are required to select any one of the following options under Capital Appreciation Systematic Transfer Plan.
(i) Monthly Option where STP will be executed on 1st of every month,
(ii) Quarterly Option where STP will be executed 1st of the starting month of every quarter
(3) PerpetuaI STP option: An investor who opts for perpetual option, his STP will continue forever with no end date unless a written request for cancellation is given
by the investor in this regard.
B. Minimum amount of transfer The following minimum amount will be transferred in the selected Transferee Scheme under various plans / options.
(1) Fixed Systematic Transfer Plan - The following amount will be transferred on STP execution date, subject to applicable exit load in the Transferor Scheme:
(i) Daily Option - Minimum of Rs. 100 and in multiples of Rs. 100 thereof
(ii) Weekly / Fortnight / Monthly option - Minimum of Rs. 1000 and in multiples of Rs 100 thereof
(iii) Quarterly option Minimum of Rs. 3000 and in multiples of Rs 100 thereof
Applications not in multiple of Rs.100 will be processed for the nearest lower multiple of Rs.100, subject to minimum amount specifed.
(2) Capital Appreciation STP - Monthly option or Quarterly option A minimum of Rs. 500 and above thereof will be transferred on STP execution date, subject to
applicable exit load of the transferor Scheme. n case the capital appreciation amount is less then Rs.500 on any STP due date, the systematic transfer will not
be processed for that due date.
C. Minimum Balance Requirements following is minimum balance amount that an unitholder has to maintain in his folio to opt for STP facility.
The minimum balance amount that an unitholder has to maintain in his folio to opt for STP facility for all the eligible schemes to Rs 5,000 or the minimum application
amount as stated in the SD of the Transferor scheme, whichever is higher. n case of insuffcient balance in the account / folio, the application for enrolment for STP
will be rejected
D. Loads the following load structure will be applicable.
(1) Entry Load - n accordance with the requirements specifed by the SEB circular no. SEB/MD/CR No.4/168230/09 dated June 30, 2009 no entry load will be
charged.
(2) Exit Load - as applicable in the respective Transferor and Transferee Scheme at the time of enrolment of STP will be applicable.
E. Other Important Points
(1) All valid transfer requisitions would be treated as switch-out / redemption for the transferor scheme and switch-in/ subscription transactions for the transferee
scheme and would be processed at the applicable NAV of the respective schemes. The difference between the NAVs of the two Schemes/ Plans will be refected
in the number of units allotted.
(2) This facility is not available for units which are under any Lien/Pledged or any lock-in period.
(3) RCAM in consultation with the Trustees, reserves the right to modify the procedure, load structure in accordance with the SEB Regulations and any such change
shall be applicable only to units transacted pursuant to such change on a prospective basis.
(4) The unit holders may approach/ consult their tax consultants in regard to the treatment of the transfer of units from the tax point of view.
(5) Minimum number of transfers required for a STP shall be two. ncase of daily STP, minimum number of transfer is one month.
(6) Unit a holder has to ensure to maintain minimum balance in accordance with Plans selected in the Transferor Scheme or Rs. 5000 (whichever is higher) on the
transfer date / execution date under Fixed Systematic Transfer Plan. n case of insuffcient balance / unclear units on the date of transfer in the folio, STP for that
particular due date will be rejected. However, future STPs will continue to be active. Also if the investor continues to have insuffcient balance /unclear units for
three consecutive months, RCAM will have the right to discontinue the future STPs at its own discretion. This will help the investor to continue his STP facility
seamlessly. STP facility is available for all sub options except for Daily Dividend Option (wherever applicable) of the mentioned Transferor Scheme.
(7) nvestor can discontinue STP by providing a written notice to DSC atleast 7 calendar days (excluding of submission) prior to the due date of the next transfer
date. n case of Daily STP, the cancellation will effect from the date falling after 7 calendar days.
(8) The registered STP will be automatically terminated if units are pledged or upon receipt of intimation of death of the unit holder.
(9) Frequency of STP : f an investor does not mention any frequency or mentions multiple frequencies on the STP application form or the frequency is unclear on
the STP application form, the default frequency shall be monthly
(10) DefauIt STP Date: f an investor opts for Monthly or Quarterly frequency of STP but does not mention the STP Date or mentions multiple STP dates on the
mandate or the STP date is unclear on the STP Mandate, the default STP date shall be treated as 10th of every month/quarter as per the frequency defned by
the investor
(11) DefauIt STP EnroIIment period when start date is not provided: f an investor does not mention STP start date, or the STP start date is unclear/not expressly
mentioned on the STP Application form, then by default STP would start from the next subsequent cycle after meeting the minimum registration requirement of
7 working days as per the defned frequency by the investor.
(12) DefauIt STP EnroIIment period when end date is not provided: f an investor does not mention STP end date or the STP end date is unclear, it will be
considered as perpetual STP.
(13) AppIication processing of Systematic Transfer PIan ("STP"): The Enrolment form completed in all respects can be submitted at any of the Designated
nvestor Service Centre (DSC) of RCAM at least seven calendar days before the commencement of frst execution date of STP. n case the required time of
seven calendar days are not met then the STP will be processed from the next STP cycle.
(14) RCAM in consultation with Trustees reserves the right to withdraw this facility, modify the procedure, frequency, dates, load structure in accordance with the SEB
Regulations and any such change will be applicable only to units transacted pursuant to such change on a prospective basis.
Note: t may be noted that all the transfers to Reliance Gold Savings Fund (RGSF) have been termed as Reliance Golden Transfer Step with effect from May
21, 2011. All other features under these facilities remain unchanged. Also n case if the investor exercises an option of STP - Out from RGSF, the same shall be
termed as STP - Out and not Reliance Golden Transfer Step.
C. RELIANCE SALARY ADDVANTAGE
The Salient Features of Reliance Salary AddVantage are as follows
Under this facility, an employer enters into an arrangement with RMF which shall enable the employer to deduct a certain amount from the salary / other payments
which the employee is entitled to receive and remit the same to RMF through a consolidated cheque / fund transfer / debit instructions or such other mode as
may be applicable from time to time. The said facility can be offered by the Employer for its Employees who are on their payroll and deductions and subsequent
remittance can be in the form of Systematic nvestment Plans (SP) or lump-sum/one-time subscription. All the scheme specifc features/ facilities / terms &
conditions (including terms and conditions of any systematic transaction) shall be applicable to investments coming through Salary Addvantage.
n case of processing of a SP under Salary Addvantage, the employer shall have the fexibility to decide any date (working day) of the month or the quarter on
which the said deduction shall be made and remitted to RMF. Thereafter, for the registered Systematic nvestment Plan (SP) the subsequent monthly / quarterly
deductions will happen on each month / quarter on a specifed date. n the interest of investors RMF / RCAM shall process the said transactions on the date when
it receives the valid requirements for processing of applications instead on the designated SP dates. This Facility offers a fexibility of choosing any working day
of the month for execution of the SP in Salary Addvantage facility.
This facility shall be offered only to resident individual investors of the scheme.
RMF / RCAM reserve the right to introduce, change, modify or withdraw the features available in this facility from time to time.
D. DIVIDEND TRANSFER PLAN (DTP)
All the unit holders in the Dividend Plans whether in Dividend Reinvestment Option or Dividend Payout Option with any Dividend frequency can transfer their dividend
to any other open ended Scheme by availing such facility.
The Dividend declared in the Transferor scheme will be automatically invested into the Transferee Scheme at the applicable NAV and accordingly the equivalent units
will be allotted in the Transferee Scheme.
The units will be allotted in the Transferee Scheme subject to the terms and conditions mentioned in the Scheme nformation Document (SD) of Transferee Scheme
after deduction of applicable statutory levy, if any.
The provision of "Minimum Application Amount' specifed in the SD of the opted Transferee Scheme will not be applicable for availing DTP facility.
No entry and/or exit load will be charged for the units allotted on reinvestment of dividend. Accordingly no exit load will be charged to the Transferor Scheme and no
entry load will be charged for the investments in Transferee Scheme. The exit load applicable at the time of transfer will be applicable for the investments in Transferee
Scheme.
This facility will not be available for units which are under any Lien/Pledged or any lock-in period.
The unitholder who wish to opt for this facility has to submit the Enrolment form complete in all respects at any of the Designated nvestor Service Centre (DSC) at
least 7 calendar days before the commencement of frst execution date of DTP
Unit holders can cancel DTP facility by providing a written notice to the DSC at least 7 calendar days (excluding date of submission) prior to the due date of the next
transfer date. The information need to be mentioned while submitting a cancellation request for DTP are (a) Name of the unit holder (b) Folio Number (c) Transferor
Scheme (d) Transferee Scheme (e) Cancellation effective date.
DTP will be automatically terminated if all the units are liquidated or withdrawn from the Transferor Scheme or pledged or upon receipt of intimation of death of the unit
holder.
Unit holders should clearly mention from and to which Scheme / option he / she wish to transfer their Dividend. Please note that if no Transferor Scheme or Transferee
Scheme is mentioned or in case of an ambiguity the application is liable to be rejected.
Notes
t may be noted that dividend transfer facility under Reliance Gold Savings Fund has been termed as Golden DTP with effect from May 21, 2011. All other features
under this facility remain unchanged
The Trustee/AMC reserves the right to modify the facilities at any time in future on a prospective basis.
E. SYSTEMATIC WITHDRAWAL PLAN (SWP)
Unitholders may utilize the SWP to receive regular monthly / quarterly payments their account. The minimum amount, which the unitholder can withdraw, is Rs.500/-
and in multiples of Rs. 100/-, thereafter, subject to revision by RCAM. The amount thus withdrawn will be considered as redemption and shall be converted into units
and will be deducted from the unit balance in the account, of the unitholder.
Subsequent to the request made in the application, a SWP form will be sent to the Unitholder. SWP will commence only upon receipt of this prescribed form duly
completed. SWP requests in any other format besides the specifed format will be treated as invalid and are liable for rejection.
All SWP transactions would be reported on either of the 1
st
, 8
th
, 15
th
, 22
nd
transaction day of the respective month/quarter. Month or quarter shall be calculated from the
date of execution of frst SWP transaction. The redemption proceeds will be posted within normal service standards to the investors. No post-dated cheques will be
issued against SWP transactions. There is no limitation on the amount of withdrawals
The unitholder will defne the frequency of withdrawals and the amount of withdrawal per SWP transaction. SWP forms received without this information will be treated
as incomplete and are liable for rejection. The unitholder needs to specify the start date and the end date for SWP. n cases where the start date and the end date has
not been specifed in the SWP form, the SWP will continue till the balance in the account becomes nil or below the amount specifed by the investor for SWP.
A unitholder who has opted for SWP under a specifc account can also redeem or switch his units to any other eligible scheme or any other plans/options under the
same scheme provided he has suffcient balance in his account, on the date of such request. SWP will automatically cease in case the unit balance becomes nil after
such redemption / switch transaction or falls below the required amount specifed by the investor for SWP.
A unitholder can put in additional subscription in the account, in accordance with conditions specifed in the Scheme nformation Document for additional subscriptions,
any time during the existence of the concerned account. Such additional subscriptions will in no way alter the functioning of the SWP. unless a subsequent request to
the contrary is received from the unitholder in writing.
This facility is available for all sub options except for Daily Dividend Option.
F. TRIGGER FACILITY
Under this facility the unit holders may opt for withdrawal/ switch of units to any other plan/ scheme on happening of any one of the following events under trigger option:
A. NAV reaches or crosses a particuIar vaIue:
E.g. NAV reaches or crosses Rs 11.00
f NAV on the date of allotment of investment is less than Rs 11.00, the trigger will be activated when the NAV rises to Rs 11.00 or more on close of any day on which
NAV is computed.
f NAV on the date of allotment of investment is more than Rs 11.00, the trigger will be activated when the NAV falls to Rs 11.00 or below on close of any day on which
NAV is computed
All transactions linked with trigger will be on the basis of the applicable NAV of the transaction day following the day on which NAV reaches, crosses or falls below Rs 11.00
B. Change in the vaIue of units heId by unit hoIders at Ieast by certain percentage:
E.g. Change in the value of nvestment by at least by (+ or - or +/-) 10%
The trigger will be activated when value of the unitholding rises to 10% or more at the close of any day on which the NAV is declared; or The trigger will be activated
when value of the unitholding falls by 10% or more at the end of any day on which the NAV is declared; or The trigger will be activated when value of the unitholding
either rises by 10% or more or falls by 10% or more on any day on which the NAV is declared.
On happening of any of the above mentioned event Unitholder can opt for following action on the date of happening of the relevant event;
1. Full redemption
2. Redemption to the extent of capital appreciation only
3. Full switch into other eligible plan/ scheme of RMF
4. Switch of only the appreciation into other plan/ scheme of RMF
Transactions linked with the triggers will be executed at the applicable NAVs for the transaction day following the day on which the trigger situation has arisen. Further
all the predetermined events i.e. rise or fall in the NAV upto a particular % or value will be compared with the value of units or NAV prevailing on the date of allotment
of units, irrespective of the fact whether the trigger is opted on the date of allotment or subsequently.
For e.g. an investor has invested at Rs 11.00 and opted for full redemption, if NAV appreciates at least by 10%, trigger will be activated on the transaction day when
NAV moves to 12.10 (i.e. 10% more than Rs 11/-) or more.
A trigger once activated will not be reactivated in any other plan/ scheme where the Switch happens or in the same plan which retains a part of the value or in case of
normal redemption /switch before the trigger is activated. Triggers will be deactivated on redemption and/or switch and/or pledge of units.
Trigger, thus, acts as a fnancial planning tool and enables the investor to minimize the losses and timely book profts.
NAVs of the schemes are declared at the close of the business day and hence Value of the unit holders unit holdings based on the end of day NAV will be considered
as a base for activating the triggers. Accordingly, all the redemptions/ switches etc will be done on the following transaction day on which the event occurs.
Please note that trigger is an additional facility provided to the unit holders to save the time for completing the redemption/ switch formalities on happening of a
particular event. Trigger is not to be conceived as an assurance on part of the Fund that the investor will manage to receive a particular sum of money/ appreciation/
and/ or fxed % of sum. Trigger is an event on happening of which the Fund will automatically redeem/ switch units on behalf of the investor on the date of happening
of the event. n actual parlance, a trigger will activate an automatic transaction when the event selected for has reached a value greater or less that the specifed value
(trigger point).
Trigger request is required to be given per transaction by flling in the relevant form. n the event of multiple triggers for a particular transaction, the trigger request will
be considered invalid and rejected.
Note: t may be noted that all the withdrawal/ switch of units to Reliance Gold Savings Fund have been termed as Reliance Golden Trigger with effect from May 21,
2011. All other features under these facilities remain unchanged.
G. RELIANCE SMART STEP
Reliance SMART STEP works on a proprietary scientifc model, which consolidates bull & bear phases in one cycle, so as to portray the current positioning of the
market. Thus, Reliance SMART STEP works on a simple concept of "NVEST MORE when the current stock market is positioned at lower levels, NVEST LESS when
current stock market is positioned at higher levels.
Investment process ow: At the time of enrolment of the facility, the investor selects any one of the Transferor (Liquid/Debt) Scheme, any one of the Transferee
(Equity) Scheme and one plan out of the 4 plans. The investment is made initially in any of the Transferor (Liquid/Debt) Schemes selected by the investor either in
lump sum or SP mode. The system would calculate the monthlyamount to be transferred under the selected plan, 2 trading days before the transfer date (10th of
every month), based on the scientifc model. However actual amount shall be transferred from Transferor (Liquid/Debt) Scheme and invested in the Transferee (Equity)
Scheme on 10th of every month. ncase 10th is a non transaction day, the amount shall be transferred on next working day.
PIans AvaiIabIe: nvestor may choose one of the following plans
Plan Low Medium High
Plan A Rs.500 Rs.1,000 Rs.1,500
Plan B Rs.1,500 Rs.3,000 Rs.4,500
Plan C Rs.8,000 Rs.12,000 Rs.16,000
Plan D Rs.15,000 Rs.22,500 Rs.30,000
Plan E X 1.5X 2X
The lowest amount (X) will be decided by the investor at the time of enrollment for "Plan E. The lowest investment amount (X) in "Plan E will be Rs.30,000 & in
multiples of Rs.500 thereafter. Please note that Reliance Tax Saver (ELSS) Fund will be not be considered as eligible Transferee Scheme in Plan E.
nvestor should clearly indicate plans as mentioned above. Please note that if no Plan is mentioned/indicated in the application form, Plan A shall be considered as
default Plan.
EIigibIe Transferor : All Open ended Liquid and Debt Schemes of RMF.
EIigibIe Transferee(Equity) Schemes: All Open ended Equity Schemes except Reliance NR Equity Fund
Minimum Investment Amount in Transferor (Liquid/ Debt) Scheme:
For new investors
i. Lumpsum Investment As applicable in respective Scheme
ii. Systematic Investment Plan (SIP) - As applicable in respective Scheme. SP Facility is presently available in Reliance Floating Rate Fund- Short Term Plan,
Reliance Liquid Fund - Treasury Plan, Reliance Medium Term Fund, Reliance Gilt Securities Fund, Reliance Monthly ncome Plan, Reliance ncome Fund and
Reliance Regular Savings Fund - Debt Option and Reliance Money Manager Fund
For existing investors - Existing investors have to maintain the minimum investment amount (as applicable in the respective SD) to keep the account in
operation. Existing investors have to maintain below mentioned minimum balance for starting Reliance SMART STEP.
Minimum Balance Amount in Transferor (Liquid/Debt) Scheme for starting Reliance SMART STEP
nvestors shall have to maintain below mentioned minimum balance in a particular option of the transferor scheme. ncase of insuffcient balance in the account / folio,
the application for Reliance SMART ST
E
P shall be rejected.
a. For new investors
Non-Liquid scheme: Rs. 10,000/- or the minimum amount as stated in the Scheme nformation Document of the respective transferor scheme, whichever is
higher.
Liquid scheme (Except Reliance Liquid Fund Treasury Plan) : Rs. 25,000/- or the minimumamount as stated in the Scheme nformation Document of the
respective transferor scheme, whichever is higher. No minimum balance shall be required for Reliance Liquid Fund Treasury Plan to start investing via Reliance
SMART STEP.
b. For existing investors
Non-Liquid scheme: Rs. 10,000/-
Liquid scheme (Except ReIiance Liquid Fund - Treasury PIan) : Rs. 25,000/. No minimum balance shall be required for Reliance Liquid Fund Treasury Plan
to start investing via Reliance SMART STEP.
Minimum Tenure of Investment in Transferor (Liquid/Debt) Scheme: For lumpsum investment is not applicable. For SP, minimum tenure is as applicable in
the respective scheme.Tenure of nvestment under Reliance SMART STEP: Minimum tenure is 1 year & in multiples of 1 year thereafter. There is no maximum
tenure of investment under Reliance SMART STEP.
Load structure:
Entry Load Not Applicable (Transferor (Liquid/Debt) Scheme and Transferee (Equity) Scheme)
Exit Load As applicable in the respective Transferor (Liquid/Debt) Scheme and Transferee (Equity) Scheme
Scheme Other Important Points:
1. Reliance SMART ST
E
P shall be automatically terminated if all the units are liquidated or withdrawn from the Transferor (Liquid/Debt) Scheme or pledged or upon
receipt of intimation of death of the unit holder.
2. nvestors have to maintain minimum balance in accordance with Plans selected in the Transferor (Liquid/Debt) Scheme on the transfer date. n case of insuffcient
balance / unclear units on the date of transfer in the folio the transaction will be rejected. However, Reliance SMART STEP will be continued.
3. Reliance SMART ST
E
P facility shall be available for all sub options except for Daily Dividend Option (wherever applicable) of the above mentioned Transferor
(Liquid/Debt) Scheme.
4. Application shall be submitted atleast ffteen calendar days before the commencement of frst execution date of Reliance SMART STEP.
5. nvestors can discontinue Reliance SMART STEP facility by providing a written notice to the Designated nvestor Service Centers atleast 15 calendar days prior
to the due date of the next transfer date.
6. nvestors should clearly indicate from and to which scheme / option he / she wish to transfer their investment. Please note that if no Transferor (Liquid/Debt)
Scheme is mentioned in the application form the application shall be rejected. However if no Transferee (Equity) Scheme is mentioned, Reliance Growth Fund -
Growth Option shall be considered as default scheme.
RCAM reserves the right to withdraw this offering, modify the procedure, frequency, dates, load structure in accordance with the SEB Regulations and any such
change shall be applicable only to units transacted pursuant to such change on a prospective basis.
3. Modications in the features of FIexibIe Asset SeIection TooI ("FAST"):
a. WeaIth Creation through Asset AIIocation: With an objective to create wealth creation through asset allocation, FAST earlier had two plans i.e. Plan A and
Plan B. The said plans shall be prospectively discontinued and a single plan namely "Wealth Creation Portfolio shall be available. Further, to clarify Plan A and
Plan B shall remain in existence only for the existing investments and all fresh subscriptions received from existing as well as new investors shall be processed
in the "Wealth Creation Portfolio Plan. nvestors may please note that this facility shall not be available for investors subscribing through demat mode.
b. Introduction of GoId as asset cIass in the "WeaIth Creation PortfoIio": n the said plan to enable an investors to achieve the wealth creation goal by
allocating the investments in various schemes of RMF as per the risk profle, RMF has defned the Risk Profle into "Conservative, "Moderate, "Aggressive &
"Very Aggressive category. On the basis of the above categorization of the investor's risk profle, a revised proprietary model has been devised which proposed
allocation of funds in various schemes of RMF. The said model recommends the below mentioned allocation of Equity, Fixed ncome and Gold as an asset class.
Asset Allocation Conservative
Portfolio(%)
Moderate Portfolio(%) Aggressive Portfolio(%) Very Aggressive Portfolio
(%)
Equity Asset Class 20 35 60 75
Fixed ncome Asset Class 70 45 30 15
Gold Asset Class 10 20 10 10
Total 100 100 100 100
For this purpose Equity Asset Class will include Schemes such as equity diversifed, sector, tax saver, balanced, index & arbitrage schemes of RMF, Fixed
ncome Asset Class will include Schemes such as liquid, debt and monthly income plan of RMF & Gold Asset Class will include Reliance Gold Savings Fund.
Details of the proportion of the portfolio allocations are mentioned in subscription document of FAST. The above mentioned asset allocation model have been
derived using established theories on risk and return. Readers are advised to seek appropriate independent professional advice and arrive at an informed
investment decision before making any investments.
c. Features of "WeaIth Creation PortfoIio":
The Wealth Creation Portfolio shall have two options namely Default Option (investments through selected proprietary model) or nvestor's Choice Option.
Mode of investment can be one time subscription (Lumpsum nvestment) or systematic investments (nvestments through Portfolio SP (details are as
mentioned below).
n Lumpsum nvestment subscriptions in various schemes will happen through auto-switch from Reliance Liquid Fund Treasury Plan all sub options
except for daily dividend option.
The minimum application amount and additional investment in "Wealth Creation Portfolio will be Rs. 51,000 & in multiples of Re. 1000 thereafter and
Rs.11,000 & in multiples of Rs.1000 thereafter respectively. nvestors are requested to note that the additional investment would be at the same portfolio
level.
d. Introduction of new faciIity - Investments through PortfoIio SIP:
n order to facilitate systematic investment through FAST, it has been decided to introduce a new feature namely "Portfolio SP. Portfolio SP in FAST will
enable unit holders of FAST to transfer a fxed amount at regular intervals from Reliance Liquid Fund Treasury Plan all sub options (except for daily and
weekly dividend option) to the portfolio (very aggressive/aggressive/moderate/conservative) or investors' choice option basis the selection. The same can
be done through Systematic nvestment Plan ("SP) in Reliance Liquid Fund Treasury Plan all sub options (except for daily and weekly dividend option)
and subsequent Systematic Transfer Plan ("STP) in the selected portfolio
This facility shall be available only for monthly and quarterly frequencies. The minimum application amount will be Rs.6,000 & in multiples of Rs.1000
thereafter (for monthly frequency) and Rs.16,000 & in multiples of Rs.1000 thereafter (for quarterly frequency).
The Portfolio SP facility will also be available through "nvest Easy with effect from November 5, 2012. Subject to investor providing the required forms
and reading the features, terms & conditions of the SD / KM / SA of the applicable schemes of RMF.
ncase Portfio SP is registered through nvest Easy, the transactions will be mandatorily processed on a monthly frequency, wherein SP date will be 10th
and STP date will be 25th day respectively of each month.
Please note the portfolio SP through invest easy will not be available in investor's choice option of portfolio SP
The scheme wherein the swithces/STPs are undertaken shall satisfy the minimum application amount of the transferee scheme. All other details of the
FAST facility remain unchanged. nvestors are required to refer to FAST enrolment form, Key nformation Memorandum (KM) and Scheme nformation
Document (SD) for more details. RCAM / RMF reserve the right to introduce, change, modify or withdraw the features available in this facility from time to
time at its discretion with the prior notice.
4. Introduction of MuItipIe Systematic Transfer PIan:
n this facility the unit holders of one designated open ended scheme of RMF can opt to transfer a Fixed amount (capital) at regular intervals to another one or more
designated open ended schemes of RMF.
- Eligible Transferor Scheme All open ended scheme where STP facility is available
- Eligible Transferee Scheme All open ended scheme where STP facility is available nvestor can specify maximum 5 transferee schemes
nvestor has the option to transfer a fxed amount of his choice as per the options available from one any of the eligible Transferor scheme to any of the Transferee
scheme. The investor has to specify the amount which will be transferred to the transferee schemes.
The above facility will be applicable only for Fixed Systematic Transfer Plan.
Unit holders are required to select any one of the following options:
(i) Daily Option where STP will be executed on Daily basis,
(ii) Weekly Option where STP will be executed on 1st, 8th, 15th and 22nd of every month,
(iii) Fortnightly Option where STP will be executed on 1st and 15th of every month,
(iv) Monthly Option where STP will be executed on any pre-specifed date of every month to be chosen by the unit holders,
(v) Quarterly Option - where STP will be executed on any pre-specifed date of the frst month of the quarter to be chosen by the unit holder
Minimum amount of transfer
The following amount will be transferred on STP execution date, subject to applicable exit load in the Transferor Scheme:
(i) Daily Option - Minimum of Rs. 100 and in multiples of Rs. 100 thereof
(ii) Weekly / Fortnight / Monthly option - Minimum of Rs. 500 and in multiples of Rs 100 thereof
(iii) Quarterly option Minimum of Rs. 1500 and in multiples of Rs 100 thereof
Applications not in multiple of Rs.100 will be processed for the nearest lower multiple of Rs.100, subject to minimum amount specifed.
Minimum Balance Requirements The minimum balance amount that an unitholder (new or existing) has to maintain in his folio to opt for STP facility for all the
eligible schemes to Rs 5,000 or the minimum application amount as stated in the SD of the respective Transferor scheme, whichever is higher.
RCAM reserves the right to withdraw this offering, modify the procedure, frequency, dates, load structure in accordance with the SEB Regulations and any such
change shall be applicable only to units transacted pursuant to such change on a prospective basis.
This addendum forms an integral part of the Scheme nformation Document(s), Statement of Additional nformation and Key nformation Memorandum(s) of the
All the other terms and conditions of the SD and KM, read with the addenda issued from time to time will remain unchanged.
The investors are requested to note the following:
1. With effect from October 8, 2012, the existing DSC of Reliance Capital Asset Management Limited located at 4th Floor, Sun plaza, Lucky Chowk , Morarji Path,
Solapur-413007shall be shifted to City Pride, " A " Wing, Shop No. 6, 1st Floor, 162, CTS no 8397, VP road, Railway Line, Solapur 413001.
2. With effect from October 15, 2012, the existing DSC of Reliance Capital Asset Management Limited located at Reliance Consumer Finance Offce, 5th Floor, Offce
No.1, Laxmi Commercial Premises, Opposite. Dadar Railway Station, Dadar (W), Mumbai - 400 028. shall be cease to operate.
This addendum forms an integral part of the Scheme nformation Document(s), Statement of Additional nformation and Key nformation Memorandum(s) of the
Notice is hereby given that Mr. Govind Agrawal Fund Manager - Equity has resigned from the services of Reliance Capital Asset Management Limited, with effect from the
close of business hours on September 30, 2012 and hence, he ceased to be a Key Personnel of the Company.
nvestors are requested to take note of the above. This addendum forms an integral part of the Statement of Additional nformation (SA). All the other terms and conditions of SA
read with the addenda issued from time to time will remain unchanged.
1. SingIe PIan Structure for the schemes of ReIiance MutuaI Fund("RMF"):
n line with the regulatory requirement, Single Plan Structure was implemented in the schemes of RMF. Accordingly, a few plans got discontinued and fresh subscriptions
could be accepted only under the Single Plan Structure of the scheme. The details of the same were mentioned in Notice Cum Addendum No. 63 dated September
28, 2012.
Reliance Capital Asset Management Company Limited ("RCAM)/RMF has decided to incorporate the following operating guidelines for processing the transactions
through Special facilities / Special products and otherwise. The said details shall be suitably incorporated in the Scheme nformation Documents ("SD)/Key nformation
Memorandum ("KM) / Statement of Additional nformation ("SA) [wherever as applicable] of all the eligible schemes.
Notice Cum Addendum No. 63 specifed that, no fresh purchases / additional purchases / switch- in(s) / new SP Registration and any other new systematic transactions
shall be accepted with effect from 01st October, 2012 in the discontinued Plans. However, if the investor has registered for special products like SP / STP / SMART
STeP / SP nsure / Trigger / FAST / RCE /DTP / Salary Addvantage etc. and dividend re-investment option, the transaction process shall continue as per the terms
and conditions of the respective facilities till further notice. nvestors are requested to note that the said transactions shall be carried out as per the existing terms and
conditions till 31st October, 2012.
Subsequent to 31st October, 2012, the above mentioned registrations / mandates in the discontinued Plans /Options shall continue to be processed in the new Plans /
Options as determined in the Single Plan Structure (details of the same has been mentioned in the Notice Cum Addendum No. 63) of the schemes. The units created
in line with the above mentioned details will be processed at the applicable NAV of the Single Plan for the respective options. The entry and exit loads for the units so
created in the Single Plan Structure, if applicable, will be as per the terms of the existing Single Plan.
n such a scenario, the same folio number will have units created in two plans i.e. units created on or before October 31, 2012 and units created on or after November
1, 2012
Further, investors are requested to note the following in terms of submission of the transaction requests:
a. While submitting the details for processing any transactions which inter alia includes redemptions, switch out, systematic transfers etc. there has to be a specifc
mention about the plan / option from which the transactions has to be initiated.
b. n case the investor has opted for Reliance Any Time Money Card ("The Card) in the discontinued plan, which is also the primary scheme for the card, then the
same will continue to act as the primary scheme. n case of any additional investment made in the discontinued plan, then the same will be processed in the
existing Single Plan Structure. n case if the investor desires to change the Primary Scheme, he will have to place a separate request with RMF.
c. nvestments and all other action(s) which will not have the impact of creating units in the discontinued plan will continue till such time all the units are switched
out / redeemed from the plan.
d. Cancellation request for any of the special products / facilities in the discontinued plan will by default be treated as cancellation request in the existing plan (in
addition to the discontinued plans) and the same shall be processed accordingly.
2. Changes in Designated Investor Service Centre (DISC):
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at Ground Floor, Mewara Plaza, 344, Shopping
Centre, Rawatbhata Gumanpura Road, Kota - 324007 shall be shifted to Plot no. 26, Mehta Compound, 1st Floor, Above Khadi Gram Udhyog, Jhalawar Road, Kota
324007 with effect from October 22, 2012, 2012.
Notice is hereby given that Mr. Amitabh Mohanty, Head - Fixed ncome of Reliance Capital Asset Management Limited (RCAM) will cease to act as such with effect from
close of business hours of October 31, 2012. Consequently, Mr. Amit Tripathi, Senior Fund Manager Debt has been redesignated as Head Fixed ncome of RCAM with
effect from November 1, 2012.
nvestors are requested to take note of the above. This addendum forms an integral part of the relevant Scheme nformation Document(s), Key nformation Memorandum(s)
and the Statement of Additional nformation. All the other terms and conditions of the aforesaid documents read with the addenda issued from time to time will remain
unchanged.
NOTICE CUM ADDENDUM NO. 79 DATED NOVEMBER 21, 2012
Notice is hereby given that Mr. Ajay Patel, has been appointed as Head of Banking Operations of Reliance Capital Asset Management Limited with effect from November
9, 2012. The details of his appointment are as follows:
Name & Designation
Age /
QuaIications
Brief Experience
Mr. Ajay Patel,
Head of Banking
Operations
46 Years
B.com., A.C.A.
Over 21 years of post quaIication experience across Banking Operations, CapitaI Market Operations, Accounting
and Audits.
April, 2001 - till date
Reliance Capital Asset Management: Head - Banking Operations (November 9, 2012 onwards) Monitoring and
controlling Operations, Handling Audits, Streamlining Operational processes, team building, developing and
smoothening banking relationship etc.
From April, 2001 - November 8, 2012, worked in various capacities including T department for developing various
modules for security transactions, Supervising NAV process, Settlement of trades etc.
June, 1999 March, 2001
BOB Assets Management Co. Ltd, (Subsidiary Co. of Bank of Baroda) Senior Manager Operations n charge of AMC
and Mutual Funds Schemes Finance and Accounts, Audits and Taxation, Member of valuation committee and Audit
Committee as per Company's framework.
December, 1997 - May 1999
Savani Financials Ltd. (NBFC) Manger Accounts and Finance Handled Accounts and Audits as per Prudential norms
of RB on six monthly basis. Evaluation of credit requirements from six banks for leasing and hire purchase requirements in
light of prudential norms. Budgeting cash fows.
April, 1997 - November 1997
Jayanti Business Machines Ltd. Manger Accounts. Supervision of day to day functions across seven branches, Stocks
and Debtors receivables statements, Audits etc.
May, 1995 March, 1997
Ajcon Capital Markets Ltd. (NSE broker) - Senior Executive Finance and Back Offce Operations. Looked into Financial
weekly settlement process across clients, handled clearing house and clients settlement process, nforming Accounts
department, handled receivables and Corporate actions on behalf of clients including auction trades.
November, 1993 February 1995
Maredias Group Hotel Maredias, Dubai (UAE) Manager Accounts Handled Accounts and Audits, developed
Accounting (T) systems under UNX (13 ports), Supervision of receivables along with Sales team, preparing budgets report
for management and banks etc.
December 1992 November 1993
n practice M/s V. Shenoy & Associates Chartered Accountants. Conducted stock audits and receivables, Bank Audits
and ncome Tax matters.
February, 1990 November, 1992
Maredias Group - Hotel Sagar Plaza Pune Chief Accountant Handled Accounts, Taxation and Audits, Preparing Variance
Reports, Revenue Reports for Financial nstitutions like CC and FC, Co-ordinated with Banks for Credit limits etc.
March 1985 January, 1990
M/s P. P. Patel & Co., - Chartered Accountants As an Article ship for the period (March, 1985 till March, 1988) Conducted
Tax Audits, Concurrent and Statutory Audits and Taxation matters like ncome Tax and Sales Tax.
This addendum forms an integral part of the Statement of Additional nformation. All the other terms and conditions of the aforesaid document read with the addenda issued
from time to time will remain unchanged.
NOTICE CUM ADDENDUM NO. 85 DATED NOVEMBER 30, 2012
Scheme nformation Documents ("SD)/Key nformation Memorandum ("KM) /Statement of Additional nformation ("SA) [wherever as applicable] of all the existing and
prospective eligible schemes of RMF:
1. Modication in the para titIed "Acceptance of Investment from QuaIied Foreign Investor ("QFI")" in the SAI of RMF:
n terms of SEB circular no. CR/ MD /DF / 14 /2011 dated August 9, 2011 and such other circulars issued by SEB on the said matter, the criteria of QF eligible for
subscription in the Schemes of Mutual Funds are revised. The revised provisions are mentioned below for the information of investors:
"QF shall mean a person who fulfls the following criteria:
(i) Resident in a country that is a member of Financial Action Task Force (FATF) or a member of a group which is a member of FATF; and
(ii) Resident in a country that is a signatory to OSCO's MMOU (Appendix A Signatories) or a signatory of a bilateral MOU with SEB:
Provided that the person is not resident in a country listed in the public statements issued by FATF from time to time on-(i) jurisdictions having a strategic Anti-Money
Laundering/Combating the Financing of Terrorism (AML/CFT) defciencies to which counter measures apply, (ii) jurisdictions that have not made suffcient progress in
addressing the defciencies or have not committed to an action plan developed with the FATF to address the defciencies:
Provided further such person is not resident in ndia:
Provided further that such person is not registered with SEB as Foreign nstitutional nvestor or Sub-account or Foreign Venture Capital nvestor.
Explanation.-For the purposes of this clause:
(1) The term "Person shall carry the same meaning under section 2(31) of the ncome Tax Act, 1961;
(2) The phrase "resident in ndia shall carry the same meaning as in the ncome Tax Act, 1961;
(3) "Resident in a country, other than ndia, shall mean resident as per the direct tax laws of that country.
(4) "Bilateral MoU with SEB shall mean a bilateral MoU between SEB and the overseas regulator that inter alia provides for information sharing arrangements.
(5) Member of FATF shall not mean an Associate member of FATF.
All other provisions / terms and conditions as mentioned in the captioned para will remain unchanged.
2. Addition in the para titIed "KYC CompIiance" in the SAI of RMF:
n line SEB circular No. MRSD/Cir-5/2012 dated April 13, 2012 and various other guidelines issued by SEB on the procedural matters for KYC Compliances, the
nvestors are requested to note the following additional provisions shall be applicable for "KYC Compliances with effect from December 1, 2012:
1) n case of an existing investor of RMF and who is already KYC Compliant under the erstwhile centralized KYC with CVL (CVLMF) then there will be no effect on
subsequent Purchase/Additional Purchase (or ongoing SPs/STPs,etc) in the existing folios/accounts which are KYC compliant. Existing Folio holder can also
open a new folio with Reliance Mutual Fund with the erstwhile centralized KYC
2) n case of an existing investor of Reliance Mutual Fund and who is not KYC Compliant as per our records, the investor will have to submit the standard KYC
Application forms available in the website www.cvlkra.com along with supporting documents at any of the SEB registered intermediaries at the time of purchase /
additional purchase/ new registration of SP/STP etc. n Person Verifcation (PV) will be mandatory at the time of KYC Submission. This uniform KYC submission
would a onetime submission of documentation.
3) nvestors who have complied with KYC process before December 31, 2011 (KYC status with CVL-KRA as "MF - VERFED BY CVLMF) and not invested in the
schemes of Reliance Mutual Fund i.e not opened a folio earlier, and wishes to invest on or after December 01, 2012, such investors will be required to submit
'missing/not available' KYC information and complete the PV requirements.
Updation of 'missing / not available' KYC information along with PV is currently a one-time requirement and needs to be completed with any one of the mutual
funds i.e. need not be done with all the mutual funds where investors have existing investments. Once the same is done then the KYC status at CVL-KRA will
change to 'Verifed by CVL KRA' after due verifcation. n such a scenario, where the KYC status changes to 'Verifed by CVL KRA', investors need not submit the
'missing/not available' KYC information to mutual funds again.
a) n case of ndividual investors, following details needs to be submitted:
i. Father's/Spouse's Name,
ii. Marital Status,
iii. Nationality,
iv. Gross Annual ncome or Net worth as on recent date
v. n-Person Verifcation (PV)
ndividual nvestors are required to submit 'KYC Details Change Form' issued by CVL-KRA available on their website www.cvlkra.com.
b) n case of Non ndividual investors, complied with KYC process before December 31, 2011, KYC needs to be done afresh due to signifcant and major
changes in KYC requirements.
3. Modications in the para titIed "AnnuaI Scheme Recurring Expenses" in aII the SIDs/KIMs of the RMF
Pursuant to clarifcation issued by SEB vide its circular no. CR/MD/DF/24/2012 dated November 19, 2012 and in line with our current practice, investors are
requested to note the following revised provisions in the captioned para:
Existing Provision Revised Provision
Service tax on brokerage and transaction cost paid
for asset purchases, if any, shall be within the limit
prescribed under regulation 52 of the SEB Regulations.
Service tax on brokerage and transaction cost paid for execution of trade, if any, shall be within the limit
prescribed under regulation 52 of the Regulations.
Brokerage and Transaction costs which are incurred for
the purpose of execution of trade and is included in the
cost of investment, not exceeding 0.12 per cent in case
of cash market transactions and 0.05 per cent in case of
derivatives transactions.
Brokerage and Transaction costs incurred for the execution of trades may be capitalized to the extent of
0.12 per cent of the value of trades in case of cash market transactions and 0.05 per cent of the value
of trades in case of derivatives transactions. Any payment towards brokerage and transaction costs
incurred for the execution of trades, over and above the said 0.12 per cent and 0.05 per cent for cash
market transactions and derivatives transactions respectively may be charged to the scheme within the
maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the SEB (Mutual
Funds) Regulations, 1996. Any expenditure in excess of the said prescribed limit (including brokerage
and transaction costs, if any) shall be borne by the AMC or by the Trustee or Sponsors.
This notice cum addendum forms an integral part of the SD(s), SA and KM (s) of the schemes of Reliance Mutual Fund. All the other terms and conditions of the
aforesaid documents read with the addenda issued from time to time will remain unchanged.
NOTICE CUM ADDENDUM NO. 91 DATED DECEMBER 24, 2012
Temporary Shifting of Designated Investor Service Center ("DISC"):
nvestors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at Shop No 4, Ground Floor, Satyam Apartment, M G Road,
Near Naupada Police Station, Thane - 400 602 has been temporarily shifted to Shree Prabhavee,1st Floor, Almeida Road, Agra Road Junction, Panchpakhadi, Thane West
400602 with effect from December 24, 2012 to January 6, 2013.
t may be further noted that the DSC located at M G Road shall once again be operational with effect from January 7, 2013
NOTICE CUM ADDENDUM NO. 95 DATED DECEMBER 31, 2012
Notice is hereby given that in line with the SEB circular No. CR/MD/DF/21/2012 dated September 13, 2012, Reliance Mutual Fund ("RMF)/Reliance Capital Asset
Management Limited ("RCAM) has decided to incorporate the following changes in the Scheme nformation Documents ("SD)/Key nformation Memorandum ("KM) /
Statement of Additional nformation ("SA) (wherever as applicable) for all the existing and prospective eligible schemes of RMF w.e.f. January 1, 2013 ("Effective Date"):
Introduction of Direct PIan:
A new Plan named "Direct Plan shall be introduced for the direct investments (i.e. investments not routed through an AMF Registration Number (ARN) Holder) under all the
existing and prospective Eligible Schemes as under:
(a) All open-ended schemes of RMF except (i) Exchange Traded Funds and (ii) Plans discontinued for further subscriptions;
(b) New Fund Offer of Fixed Maturity Plans under close-ended schemes of the Fund launched on or after the Effective Date; and
(c) nterval Schemes (Specifed Transaction Period commencing from the frst day of immediately succeeding the Effective Date).
(hereinafter collectively referred to as the Schemes )
1. PIans / Options / Sub-options: All existing Plans / Options / Sub-Options offered under the eligible schemes will also be available for subscription under the Direct
Plan. Thus, from the Effective Date, there shall be Two Plans available for subscription under the Schemes i.e., Existing Plan and Direct Plan.
ExampIe 1: Scheme Name - ReIiance Equity Fund
Existing Plan Direct Plan (introduced w.e.f. January 1, 2013)
Subscription Plan Reliance Equity Fund Reliance Equity Fund Direct Plan
Options Growth Plan (Growth Option & Bonus Option)
Dividend Plan (Payout Option &
Re-investment Option)
Growth Plan (Growth Option & Bonus Option)
Dividend Option (Payout Option &
Re-investment Option)
Thus, investors subscribing Direct Plan of Reliance Equity Fund will have to indicate the Scheme / Plan name in the application form as Reliance Equity Fund
Direct Plan Growth Option .
ExampIe 2: Scheme Name - ReIiance MonthIy Income PIan ("ReIiance MIP")
Existing Plan Direct Plan (introduced w.e.f. January 1, 2013)
Subscription Plan Reliance Monthly ncome Plan Reliance Monthly ncome Plan Direct Plan
Options Growth Plan
Dividend Plan
(Monthly Dividend (Payout Option & Re-investment Option)
Quarterly Dividend (Payout Option & Re-investment Option)
Growth Plan
Dividend Plan
(Monthly Dividend (Payout Option & Re-investment Option)
Quarterly Dividend (Payout Option & Re-investment Option)
Thus, investors subscribing Direct Plan of Reliance MP Dividend Plan will have to indicate the Scheme / Plan name in the application form as Reliance MIP - Direct
Plan - Dividend Plan .
2. Scheme characteristics: Under the Direct Plan, Scheme characteristics such as nvestment Objective, Asset Allocation Pattern, nvestment Strategy, Portfolio, Risk
Factors, Facilities offered and Terms & conditions including Load structure shall remain same as that of Existing Plan except the following:
a) nvestments routed through a distributor with ARN code, whether before or after the Effective Date, any Switch of units from Existing Plan to Direct Plan of a
Scheme shall be subject to applicable exit load, if any. (subject to statutory taxes and levies, if any)
b) No Exit Load shall be levied for switch of investments made directly without ARN code, whether before or after the Effective Date, from Existing Plan to Direct
Plan of the Scheme or vice versa (subject to statutory taxes and levies, if any)
c) Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, and no commission shall be paid from such plan.
3. AppIicabIe NAV and aIIotment of units:
(a) Liquid Scheme(s): Allotment of units for valid applications received on the effective date before the cut-off time (subject to provisions on realization of funds),
NAV of previous day shall be applicable. e.g. Application received on January 1, 2013 before the cut off time under Direct Plan(s), Net Asset Value (NAV) of
previous day i.e. December 31, 2012 of corresponding option(s) under Existing Plan(s) shall be applicable. Thereafter, separate NAV will be calculated and
published for Direct Plan.
(b) Non-Liquid Scheme(s): Allotment of units for valid application received before cut-off time (subject to provisions on realization of funds, wherever applicable),
on the effective date, NAV of January 1, 2013 of corresponding option(s) under Existing Plan(s) shall be applicable. Thereafter, separate NAVs will be calculated
and published for option(s) under Direct Plan(s).
The above points are illustrated below:
Subscriptions in Direct Plan on January 1, 2013 before cut off time* Applicable NAV
Liquid Scheme(s) NAV of the corresponding Existing Plan / Option / Sub-option as on December 31, 2012
Non-Liquid Scheme(s) NAV of the corresponding Existing Plan / Option / Sub-option as on January 1, 2013
* Subject to applicable provisions on realization of funds.
(c) Where application is received without any ARN Code under the Existing Plan before cut-off time on December 31, 2012, but the Applicable NAV based on
realization of funds is on or after the Effective Date e.g. January 2, 2013, the Units will be allotted under Existing Plan and not under Direct Plan.
(d) Where application is received without any ARN Code under the Existing Plan after cut-off time on December 31, 2012, the same shall be deemed to have been
received on the next Business Day and hence the Units will automatically be allotted under the Direct Plan at Applicable NAV.
(e) The starting NAV of the Direct Plan would be that of the Existing Plan on the day of the frst purchase in Direct Plan.
4. All categories of investors (whether existing or new Unitholders) as permitted under the Scheme nformation Document of the Schemes are eligible to subscribe under
Direct Plan. nvestments under Direct Plan can be made through various modes offered by the Fund {except transactions submitted through nvest Easy facility of
RCAM where the ARN Code is provided in the Mandate form}.
5. How to appIy: nvestors subscribing under Direct Plan of a Scheme will have to indicate "Direct Plan against the Scheme name in the application form in addition to
the option e.g. Reliance Equity Fund Direct Plan Growth Option . nvestors should also indicate "Direct in the ARN column of the application form. However,
in case ARN code is mentioned in the application form and "Direct Plan is indicated against the Scheme name, the application will be processed under Direct Plan. f
the investor does not mention Direct against the scheme name and the ARN code is also not provided the default allotment would be made in the Direct Plan.
6. Investments through SpeciaI Products:
a) n case of investments through the Systematic nvestment Plan (SP) / SP nsure / Systematic Transfer Plan (STP) / Reliance Salary AddVantage, which were
registered without ARN Code under the Existing Plan prior to the Effective Date, the future transactions shall be processed under the Direct Plan of the same
scheme.
n case above said investments, which were registered with ARN Code under the Existing Plan prior to the Effective Date, and if the investors wishes to invest
their future transactions under the direct plan they would be required to re-register afresh request.
b) All the terms & conditions of the SP insure as applicable on the day of registration would continue for the existing Direct nvestments, whose future transactions
would be processed under Direct Plan.
c) n case of investments (with ARN code or without ARN code) through the following mode, the future transactions shall continue to remain under the existing plan.
n case such investors wish to invest their future transactions/investments under the Direct Plan through the below mode, they are required to re-register afresh
for such special products.
. Dividend Transfer Plan (DTP) . Trigger Facility
. Reliance Smart Step V. Recurring nvestment Plan for Corporate Employees (RCE)
V. Flexible Asset Selection Tool (FAST) etc
7. ReIiance Any Time Money Card ("the card") : n case the investor has opted for the Card, in the Existing Plan/Options, which is the primary scheme for the card,
then the same will continue to act as the primary scheme. n case of any investment being made in the Direct Plan, and the investor desires to change the Primary
scheme/Plan/Option for the card, the investor will have to place a separate request with RMF for change in primary scheme.
8. Redemption requests: While submitting the details for processing any transactions which inter alia includes redemptions, switch out, and systematic transfers etc.
there has to be a specifc mention about the plan from which the transactions has to be initiated. f no plan is mentioned, redemption request will be processed on a
frst in frst out (FFO) basis considering both the plans.
9. Tax consequences: Switch / redemption may entail tax consequences. nvestors should consult their professional tax advisor before initiating such requests.
For any further clarifcation investors are requested to contact the nearest investor service centre or contact us at 1800 300 11111.
This notice cum addendum forms an integral part of the SA, SD(s), and KM(s) of the schemes of Reliance Mutual Fund. All the other terms and conditions of the
aforesaid documents read with the addenda issued from time to time will remain unchanged.
NOTICE CUM ADDENDUM NO. 103 DATED JANUARY 19, 2013
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at S.C.O. 149,1st Floor, Red Square Market, Hissar-125001
shall be shifted to S.C.O. 52,1st Floor, Adjoining Vimal Jain Hospital, Red Square Market, Hissar-125001with effect from January 24, 2013.
This addendum forms an integral part of the Statement of Additional nformation, Scheme nformation Document(s), and Key nformation Memorandum(s) of the Schemes
of Reliance Mutual Fund, read with the Addenda issued from time to time.
NOTICE CUM ADDENDUM NO. 105 DATED JANUARY 29, 2013
1. With effect from January 30, 2013, the existing DSC of Reliance Capital Asset Management Limited located at 3rd Floor, ndia Square, ndia Motor Circle, Kutchery
Road, Ajmer 305001 shall be shifted to 2nd Floor, ndia Heights, ndia Motor Circle, Kutchery Road, Ajmer 305001.
2. With effect from February 5, 2013, the existing DSC of Reliance Capital Asset Management Limited located at 2nd Floor, Laxi Narayan Avenue, Room No - 30,
Murgasol, G.T Road, Asansol - 713301 shall be shifted to 4th Floor, CHATTERJEE PLAZA, 69 (101), G.T Road, Rambandhu Tala, Asansol 713303.
This addendum forms an integral part of the Statement of Additional nformation, Scheme nformation Document(s) and Key nformation Memorandum(s) of the Schemes of
NOTICE CUM ADDENDUM NO. 107 DATED FEBRUAY 1, 2013
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at 1st foor, ahuja tower, near krishna hotel, dayanand
saraswati ward, bhanwartal extension, Jabalpur - 482001 Shall be shifted to 1st Floor, Raj Leela Tower, 1276 Wight Town, Allahabad Bank, Jabalpur 482001, with effect
from February 2, 2013.
This addendum forms an integral part of the Statement of Additional nformation, Scheme nformation Document(s) and Key nformation Memorandum(s) of the Schemes of
NOTICE CUM ADDENDUM NO. 112 DATED FEBRUARY 12, 2013
. Notice is hereby given that Mr. Milind Gandhi, Chief Financial Offcer of Reliance Capital Asset Management Limited ("RCAM) ceased to act as such with effect from
close of business hours of January 31, 2013. Consequently, Mr. Prateek Jain, has been appointed as Chief Financial Offcer of RCAM with effect from February 1,
2013. Details of his appointment is as follows:
Name & Designation Age / QuaIications Brief Experience
Mr. Prateek Jain,
Chief Financial
Offcer
40 years,
CA, CS, CWA
17 years of totaI experience in nanciaI service sector
February 1, 2013 onwards
Reliance Capital Asset Management Limited, Chief Financial Offcer.
March 2007 till November 2012
AG Global Asset Management Company (ndia) Pvt. Ltd., Chief Financial Offcer & Head Risk.
April 2004 till February 2007
Howden nsurance Brokers (ndia) Pvt. Ltd., Head- Finance & accounts.
April 2001 to March 2004
CC Lombard General nsrance Company Ltd., Sr. Manager Accounts & Finance.
October 1998 till March 2001
Oman National nvestment Corporation., Audit Supervisor
March 1997 to September 1998
A.F Ferguson & Co., Assistant Manager Audit
. Notice is hereby given that Mr. Viral Berawala, Assistant Fund Manager of Reliance Tax Saver (ELSS) Fund and Reliance Equity Opportunities Fund of Reliance
Mutual Fund ceased to act as such with effect from close of business hours of January 31, 2013.
This notice cum addendum forms an integral part of the respective Scheme nformation Document(s), Key nformation Memorandum(s) and the Statement of Additional
nformation (wherever as applicable). All the other terms and conditions of the aforesaid documents read with the addenda issued from time to time will remain
unchanged.
1. With effect from February 20, 2013, the existing DSC of Reliance Capital Asset Management Limited located at 2nd Floor, 19/A, Corporate House, Offcers Line,
Vellore - 632001 shall be shifted to First Floor, Grand Lingam Residency,No.104,Arni Main Road, Sankarapalayam Vellore - 632001
2. With effect from February 20, 2013, the existing DSC of Reliance Capital Asset Management Limited located at Palm Court Building, Ground foor, Unit not 4 and 5,
Sector 14 Gurgaon 122001 shall be shifted to 7th Floor, Palm court building, Near Maharanapratap Square, Sector 14, Gurgaon - 122001.
Scheme nformation Documents ("SD)/Key nformation Memorandum ("KM) / Statement of Additional nformation ("SA) for all the existing and prospective eligible
schemes of RMF.
1. Modication in Turn Around Time for the beIow mentioned SpeciaI Products:
Under the Para titIed "Systematic Investment PIan (SIP)" and "Invest Easy - IndividuaI" foIIowing modication shaII be made appIicabIe with immediate
effect:
Special Products Existing Provision Revised Provision
Systematic
Investment Plan
(SIP)
The unit holder is however free to discontinue from the SP facility
at any point of time by giving necessary written instructions at least
15 days prior to the next due date of the SP.
The unit holder is however free to discontinue from the SP facility at
any point of time by giving necessary written instructions at least 21
business days prior to the next due date of the SP.
Invest Easy
Individual
n case the nvestor wishes to cancel the nvest Easy ndividual -
Mandate for Purchase / SP through nvest Easy facility. nvestor
will have to submit an nvest Easy Cancellation Form 15 calendar
day prior to discontinue the Mandate.
n case the nvestor wishes to cancel the nvest Easy ndividual -
Mandate for Purchase / SP through nvest Easy facility. nvestor will
have to submit an nvest Easy Cancellation Form 21 business days
prior to discontinue the Mandate.
2. Quoting of EmpIoyee Unique Identication Number ("EUIN") in the AppIication Form:
Pursuant to SEB circular no.CR/MD/DF/21/2012 dated September 13, 2012 and various AMF Guidelines issued in this regard, investors are requested to disclose
the details of EUN along with the AMF Registration Number ("ARN) of the distributor and the sub-distributor while submitting the applicable transaction request.
n this regard the investors are requested to note the following:
i. Kindly use the new application forms/ transaction forms which have spaces for the ARN code, Sub broker code and the EUN.
ii. EUN will not be applicable for overseas distributors who comply with the requirements of AMF Guidelines
iii. nvestors should provide valid ARN code, sub broker code and EUN of the distributor, particularly in advisory transactions. This will assist in handling the
complaints of mis-selling, if any, even if the sales person on whose advice the transaction was executed leaves the employment of the distributor.
iv. Where the EUN is left blank, the declaration by the investor should state that EUN space has been left blank as the transaction is an "execution-only
transaction.
3. Changes in Designated Investor Service Centre (DISC)
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at Shop no. 3, ground foor, Mona shopping centre,
J P Road, Near Navrang Cinema, Andheri-400058 Shall be shifted to Offce No 304, Kshitij Building, 3rd Floor, Near Garden Court Restaurant, Veera Desai Road,
Andheri (W), Mumbai 400 053, with effect from March 4, 2013.
This addendum forms an integral part of the SD (s), KM(s) and SA [wherever as applicable] of the Schemes of Reliance Mutual Fund, read with the Addenda issued
from time to time.
All the other terms and conditions of the aforesaid documents read with the addenda issued from time to time will remain unchanged.
NOTICE CUM ADDENDUM NO. 122 DATED MARCH 04, 2013
prospective eligible schemes of RMF.
I. Uniform process for aggregating spIit transactions for NAV appIicabiIity:
Modication in the Para titIed "Cut off timing for subscriptions / redemptions / switches" / "AppIicabIe NAV" of the SID / KIM of aII eIigibIe schemes of RMF
(other than Iiquid schemes) basis the detaiIs mentioned beIow:
Pursuant to AMF circular no. 135/BP/35/2012-13 dated February 18, 2013, the following practice of aggregating split transactions shall be followed and accordingly
the closing NAV of the day on which the funds are available for utilization shall be applied where the aggregated amount of investments is Rs. 2 lacs and above:
a. All transactions received on the same day (as per Time stamp rule).
b. Transactions shall include purchases, additional purchases, excluding Switches, SP/STP/triggered transactions and various other eligible systematic transactions
as mentioned in the para titled "Special Products of respective SDs.
c. Aggregations shall be done on the basis of investor's PAN. n case of joint holding, transactions with similar holding structures shall be aggregated.
d. All transactions shall be aggregated where investor holding pattern is same as stated above, irrespective of whether the amount of the individual transaction is
above or below Rs 2 lacs.
e. Only transactions in the same scheme shall be clubbed. This will include transactions at plan / option level (Dividend, Growth, Direct).
f. Transactions in the name of minor, received through guardian should not be aggregated with the transaction in the name of same guardian.
Further, investors may please note that the said process is being followed in line with the directives specifed by Association of Mutual Funds in ndia ("AMF).
RMF / RCAM shall reserve the right to change / modify any of the terms with respect to processing of transaction in line with directives specifed by Securities &
Exchange of Board of ndia or AMF from time to time.
II. Change in the name of the Benchmark indices:
nvestors are requested to note that, due to modifcation in licensing agreement between the third party service providers, the name of applicable benchmark indices
as mentioned in the SD / KM / SA have been revised. Therefore, the usage of words "S&P mentioned in various indices related to SL stands deleted and wherever
the name of "BSE has been mentioned in the benchmark indices, the same shall be prefxed by the word "S&P.
For example :
a. Nomenclature of "S&P CNX 100 stands revised and shall now be termed as "CNX 100.
b. Nomenclture of "BSE 100 stands revised and shall now be termed as "S&P BSE 100.
nvestors are requested to visit our website www.reliancemutual.com for the detailed list in connection with the scheme names vis--vis current name of the benchmark.
t may be noted that the abovementioned modifcation is only a name change and all other features related to benchmark remain unchanged.
This addendum forms an integral part of the SID /KIM and the SAI of the Schemes. All the other terms and conditions of the aforesaid documents read with
the addenda issued from time to time will remain unchanged.
Notice is hereby given that additional Designated Investor Service Centre of Reliance Capital Asset Management Ltd. shall be operational at Shop No 7A, Karishma
Building, Madavdas Pasta Lane, Naigaon Cross Road, Dadar (E), Mumbai 400014. with effect from March 11, 2013.
nvestors are requested to take note of the above. This notice cum addendum forms an integral part of the Statement of Additional nformation, Scheme nformation
Document(s) and Key nformation Memorandum(s) of the Schemes of Reliance Mutual Fund, read with the Addenda issued from time to time
prospective eligible schemes of RMF.
AdditionaI information requirement for NRI Investors:
n order to serve the NR nvestors in a better manner, it shall be mandatory for NR nvestors to provide a valid email id and / or mobile number. The same shall be required
for opening a new folio / zero balance folio on or after the effective date. n absence of valid email id and /or mobile number, RCAM reserves the right to reject the application.
The aforesaid condition shall be effective from March 28, 2013.
RMF / RCAM shall reserve the right to change / modify the said condition at any point of time.
This addendum forms an integral part of the SID/KIM/SAI of the Schemes. All the other terms and conditions of the aforesaid documents read with the addenda
issued from time to time will remain unchanged.
The investors are requested to note that the existing DSC of Reliance Capital Asset Management Limited located at The Axis Building, 4th Floor, Plot No. 1, Balra Dass
Colony, BMC Chowk, G T Road, Jalandhar - 144001 shall be shifted to 2nd Floor, Shanti Tower, SCO No.37, PUDA Complex, Opposite Tehsil Complex, Jalandhar 144001
with effect from March 28, 2013.
This addendum forms an integral part of the Scheme nformation Document(s) and Key nformation Memorandum(s) and Statement of Additional nformation of the Schemes
of Reliance Mutual Fund, read with the Addenda issued from time to time.
BOOK-POST
Investors may note that any queries related to
Reliance Mutual Fund has to be addressed to
Reliance Capital Asset Management Ltd,
11th foor & 12th foor, One ndiabulls Centre, Tower 1,
Jupiter Mills Compound, 841, Senapati Bapat Marg,
Toll free : 1800-300-11111
If undeIivered, pIease return to :
Reliance Capital Asset Management Ltd,
C/o. Western Press Pvt. Ltd.,
Todi Estate, 'B' Wing, 1st Floor,
Sun Mill Compound, Lower Parel,
Mumbai - 400 013.

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Annual Report 2012 - 2013

Reliance Gold Savings Fund

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