About Reilance

Reliance Mutual Fund ('RMF'/ 'Mutual Fund') is one of Indias leading Mutual Funds, with Average Assets Under Management (AAUM) of Rs. 1,01,577 Crores and an investor count of over 66.71 Lakh folios. (AAUM and investor count Jan-Mar 2011) . Reliance Mutual Fund, a part of the Reliance Group, is one of the fastest growing mutual funds in India. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 159 cities across the country. Reliance Mutual Fund constantly endeavors to launch innovative products and customer service initiatives to increase value to investors. Reliance Capital Asset Management Limited (RCAM) is the asset manager of Reliance Mutual Fund. RCAM a subsidiary of Reliance Capital Limited, which holds 93.37% of the paid-up capital of RCAM, the balance paid up capital being held by minority shareholders.

Reliance Capital Ltd. is one of Indias leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital Ltd. has interests in asset management, life and general insurance, private equity and proprietary investments, stock broking and other financial services.

Sponsor Trustee

: Reliance Capital Limited : Reliance Capital Trustee Co. Limited

Investment Manager / : Reliance Capital Asset Management Limited AMC Statutory Details : The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956. Vision Statement To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission Statement To create and nurture a world-class, high performance environment aimed at delighting our customers.

Our Corporate Governance Policy: Reliance Capital Asset Management Limited has a vision of being a leading player in the mutual fund business and has achieved significant success and visibility in the market.

However, an imperative part of growth and visibility is adherence to good conduct in the marketplace. At Reliance Capital Asset Management Limited, the implementation and observance of ethical processes and policies has helped us in standing up to the scrutiny of our domestic and international investors.

Management:

The management at Reliance Capital Asset Management Limited is committed to good corporate governance, which includes transparency and timely dissemination of information to its investors and unit holders. The Board of Directors of RCAM is a professional body constituting inter-alia of, well-experienced and knowledgeable independent members. Regular audit committee meetings are conducted to review the operations and performance of the company.

Employees: Reliance Capital Asset Management Limited has at present, a code of conduct for all its officers. It has a clearly defined prohibition on insider trading policy and regulations. The management believes in the principles of propriety and utmost care is taken while handling public money, making proper and adequate disclosures.

All personnel at RCAM are made aware of their rights, obligations and duties as part of the Dealing Policy laid down in terms of SEBI guidelines. They are taken through a well-designed HR program, conducted to impart work ethics, the Code of Conduct, information security,

Internet and e-mail usage and a host of other issues.

One of the core objectives of RCAM is to identify issues considered sensitive by global corporate standards, and implement policies/guidelines in conformity with the best practices as an ongoing process.

RCAM gives top priority to compliance in true letter and spirit, fully understanding its fiduciary responsibilities.

Sponsor
Reliance Capital Limited: Corporate & Registered 022 30327000, Fax. 022 Office: Reliance Capital Ltd. H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai 400 710.Tel. 30327202

Reliance Mutual Fund schemes are managed by Reliance Capital Asset Management Limited, a subsidiary of Reliance Capital Limited, which holds 92.93% of the paid-up capital of Reliance Capital Asset Management Limited, the balance paid up capital being held by minority shareholders. Reliance Mutual Fund (RMF) has been sponsored by Reliance Capital Ltd (RCL). The promoter of RCL is AAA Enterprises Private Limited.

Reliance Capital Limited is a Non Banking Finance Company and is one of the Indias leading and fastest growing financial services companies, and ranks among the top three private sector financial services and banking companies in India, in terms of networth.

Reliance Capital Limited has interests in asset management and mutual funds, life and non-life insurance, private equity and proprietary investments, stock broking and other activities in the financial services sector. The net worth of RCL is as follows:

Particulars (Rs.in crores)

2009-10

2008-09

2007-08

Net Worth Total Income Profit After Tax

6885.70 2366.62 339.42

6687.30 2974.85 968.02

5927.50 2079.79 1025.45

Reliance Capital Limited has contributed Rupees One Lac as the initial contribution to the corpus for the setting up of the Reliance Mutual Fund. Reliance Capital Limited is responsible for discharging its functions and responsibilities towards the Fund in accordance with the Securities and Exchange Board of India (SEBI) Regulations

The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the contribution of an amount of Rupees one Lac made by them towards the initial corpus for setting up the Fund and such other accretions and additions to the corpus. The mutual fund About Reliance Mutual Fund Reliance Mutual Fund (RMF) has been established as a trust under the Indian Trusts Act, 1882 with Reliance Capital Limited (RCL), as the Settler/Sponsor and Reliance Capital Trustee Co. Limited (RCTCL), as the Trustee.

RMF has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. Reliance Mutual Fund was formed to launch various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.

The main objectives of the Reliance Mutual Fund are:

y

To carry on the activity of a Mutual Fund as may be permitted at law and formulate and devise various collective Schemes of savings and investments for people in India and abroad and also ensure liquidity of investments for the Unit holders;

To deploy Funds thus raised so as to help the Unit holders earn reasonable returns on their savings and

To take such steps as may be necessary from time to time to realise the effects without any limitation.
y y

Custodian Deutsche Bank, AG

The Trustee has appointed Deutsche Bank, AG located at Kodak House, Ground Floor, 222 Dr. D.N.Road, Mumbai-400 001, as the Custodian of the securities that are bought and sold under the Scheme. A Custody Agreement has been entered with Deutsche Bank in accordance with SEBI Regulations. The Custodian is approved by SEBI under registration no. IN/CUS/003 to act as Custodian for the Fund.

y y

egistrar Reliance Capital Asset Management Limited has appointed M/s. Karvy

Computershare Pvt. Limited to act as the Registrar and Transfer Agent to the Schemes of Reliance Mutual Fund. M/s. Karvy Computershare Pvt. Limited (KCL) having their office at Madhura Estate, Muncipal No 1-9/13/C, Plot No 13 & 13C, Survey No 74 & 75,Madhapur Village, Serlingampally Mandal & Muncipality R R District, Hyderabad 500 081, is a Registrar and Transfer Agent registered with SEBI under registration no. INR000000221.

Reliance Capital Asset Management Ltd. and the Trustee have satisfied themselves, after undertaking appropriate due diligence measures, that they can provide the services required and have adequate facilities, including systems facilities and back up, to do so.
y y
Awards and Achievements

CNBC TV18 - CRISIL Mutual Fund of the Year Award for 2009:Reliance Mutual Fund has won the CNBC TV18 - CRISIL Mutual Fund of the Year Award in the Category Mutual Fund House of the Year (Awarded by CRISIL Fund Services, CRISIL Limited). In total 37 fund houses were considered as the award universe. Fund Houses winning at least one award for their schemes in the category level awards for 2009 were

eligible to be in contention for the award. The award is based on consistency of fund houses performance across various scheme categories in the four quarterly CRISIL Composite Performance Rankings (CPRs) released during the calendar year 2009. The individual CRISIL CPR ranks for their schemes were aggregated on a weighted average basis to arrive at the final ranks for fund houses. The mutual fund house with the highest final score is the Mutual Fund House of the Year. The award has been granted for the year 2009 and will be in vogue till the announcement of the award for the next year in the same category.