Reliance Industries: Mutual Funds To Invest In

Reliance Industries is a popular investment choice for mutual funds in India. As of July 2024, mutual funds held 5.55% of their total equity assets in the company, making it the second top stock held by mutual funds. In August 2024, 183 mutual funds bought and 73 sold Reliance Industries shares, with ICICI Prudential Energy Opportunities Fund Regular Growth being the highest buyer and Mirae Asset Large Cap Fund Regular Growth the highest seller. Reliance Mutual Fund, the largest non-banking mutual fund asset management company in India, offers a range of investment schemes in equity, debt, and hybrid categories. These schemes cater to investors with varying risk appetites and investment objectives, with equity schemes considered the best for long-term wealth creation due to their high risk and ability to fight volatility and inflation.

Reliance Mutual Fund's top holdings

Reliance Industries is one of the top holdings of mutual funds in India. In July 2020, mutual funds held 5.55% of their total equity assets in the company, despite it being the top stock sold that month.

In August 2024, 183 mutual funds bought and 73 sold Reliance Industries shares, for a net change of 4,504,641 stocks. The ICICI Prudential Energy Opportunities Fund Regular Growth Fund was the highest buyer of 4,352,711 shares, while the Mirae Asset Large Cap Fund Regular Growth Fund was the highest seller of 1,285,646 shares.

Reliance Industries is also traded by many mutual fund schemes, including those from ABSL, Axis, DSP, HSBC, ICICI, Kotak, L&T, and Nippon.

Best Reliance Mutual Fund Schemes in Equity Category

Reliance Mutual Fund is the largest non-banking mutual fund asset management company in India. It has a prestigious past and is supported by one of the largest conglomerates in India. The fund house has always provided innovative strategies to offer the best mutual funds to every investor. The best equity schemes of Reliance have successfully delivered remarkable returns in the long term as they aim to create long-term wealth. The funds are invested in the equity stocks of companies with strong growth potential.

• Nippon India Large Cap Fund (Formerly Known as Reliance Large Cap Fund)
• Nippon India Vision Fund (Formerly Known as Reliance Vision Fund)
• Nippon India Quant Fund (Formerly Known as Reliance Quant Fund)
• Nippon India Balanced Advantage Fund (Formerly Known as Reliance Balanced Advantage Fund)
• Nippon India Index Fund - Nifty Plan (Formerly Known as Reliance Index Fund - Nifty Plan)
• Nippon India Index Fund - Sensex Plan (Formerly Known as Reliance Index Fund - Sensex Plan)
• Nippon India Growth Fund (Formerly Known as Reliance Growth Fund)
• Nippon India Focused Equity Fund (Formerly Known as Reliance Focused Equity Fund)
• Nippon India Small Cap Fund (Formerly Known as Reliance Small Cap Fund)
• Nippon India Value Fund (Formerly Known as Reliance Value Fund)
• Nippon India Multi-Cap Fund (Formerly Known as Reliance Multi Cap Fund)
• Nippon India Equity Hybrid Fund (Formerly Known as Reliance Equity Hybrid Fund)
• Nippon India Equity Savings Fund (Formerly Known as Reliance Equity Savings Fund)
• Nippon India Banking Fund (Formerly Known as Reliance Banking Fund)
• Nippon India Power & Infra Fund (Formerly Known as Reliance Power & Infra Fund)
• Nippon India Consumption Fund (Formerly Known as Reliance Consumption Fund)
• Nippon India Pharma Fund (Formerly Known as Reliance Pharma Fund)
• Nippon India Tax Saver (ELSS) Fund (Formerly Known as Reliance Tax Saver (ELSS) Fund)
• Nippon India Arbitrage Fund (Formerly Known as Reliance Arbitrage Fund)
• Nippon India Japan Equity Fund (Formerly Known as Reliance Japan Equity Fund)
• Nippon India US Equity Opportunities Fund (Formerly Known as Reliance US Equity Opportunities Fund)

Best Reliance Mutual Fund Schemes in Debt Category

Reliance Mutual Fund is among the most reputable mutual funds in India, with some highly-rated schemes in its portfolio. The fund has a strong pedigree and has provided returns that have beaten benchmark indices for many years.

Reliance Mutual Fund offers a variety of mutual fund products to cater to diverse investor requirements. It has a wide network across 160 cities in India and provides 24/7 customer service.

• Nippon India Prime Debt Fund: This fund aims to generate regular income and capital growth by investing in debt securities and money market instruments. It has a moderately low risk and has delivered a CAGR of 7.4% since its launch.
• Nippon India Short Term Fund: This fund seeks to provide stable returns with a short-term investment horizon by investing in fixed-income securities with short-term maturities. It has a moderately low risk and has generated a CAGR of 7.6% since its inception.
• Nippon India Gilt Securities Fund: The fund's objective is to generate optimal, risk-free returns by investing in securities guaranteed by the Central and State Governments. It is a moderately risky investment option with a CAGR of 8.3% since its launch.
• Nippon India Liquid Fund: This fund aims to generate optimal returns with moderate risk and high liquidity by investing in debt and money market instruments. It is a low-risk fund and has delivered a CAGR of 6.9% since its inception.
• Nippon India Ultra Short Duration Fund: This fund invests in debt and money market instruments with maturities between 3 and 6 months. It aims to provide income with moderate risk and has a CAGR of 6.9% since its launch.

These funds offer stable returns and are suitable for investors seeking lower-risk investment options. However, it is important to carefully consider factors such as duration, expense ratio, assets under management, credit risk, and prevailing interest rate regimes before investing in any debt mutual fund.

Best Reliance Mutual Fund Schemes in Hybrid Category

Hybrid mutual funds are a blend of more than one asset class, investing in a mix of underlying assets such as equity, debt, and gold instruments. The combination of investments depends on the investment objective of the fund. The returns and risk schemes are based on the type of allocation for each asset class.

ICICI Prudential Equity & Debt Fund

ICICI Prudential Equity & Debt Fund is ranked #1 out of 28 in aggressive hybrid funds. The fund has generated 23.43% annualized returns over the past three years and 25.05% over the last five years. The minimum investment amount is ₹5,000 via lump sum and ₹100 via SIP.

JM Aggressive Hybrid Fund

JM Aggressive Hybrid Fund is ranked #13 out of 28 in aggressive hybrid funds. The fund has generated 24% annualized returns over the past three years and 27.86% over the last five years. The minimum investment amount is ₹1,000 via lump sum and ₹100 via SIP.

Edelweiss Aggressive Hybrid Fund

Edelweiss Aggressive Hybrid Fund is ranked #4 out of 28 in aggressive hybrid funds. The fund has generated 21.54% annualized returns over the past three years and 22.19% over the last five years. The minimum investment amount is ₹100 via lump sum and SIP.

Kotak Equity Savings Fund

Kotak Equity Savings Fund is a hybrid fund that has generated 13.82% annualized returns over the past three years and 13.29% over the last five years. The minimum investment amount is ₹100 via lump sum and SIP.

ICICI Prudential Income Optimizer Fund

ICICI Prudential Income Optimizer Fund is a hybrid fund that has generated 12.24% annualized returns over the past three years and 11.98% over the last five years. The minimum investment amount is ₹5,000 via lump sum and ₹1,000 via SIP.

Kotak Debt Hybrid Fund

Kotak Debt Hybrid Fund is a hybrid fund that has generated 11.99% annualized returns over the past three years and 13.77% over the last five years. The minimum investment amount is ₹100 via lump sum and SIP.

Hybrid funds are suitable for various investor profiles, including conservative and aggressive investors, as they come in various combinations with different levels of risk, asset allocation, capital appreciation, and diversification. They are also a good option for first-time mutual fund investors and those with a 3-5 year investment horizon.

Reliance Mutual Fund's fund managers

Reliance Mutual Fund (RMF) is one of India's leading mutual funds, with an Average Assets Under Management (AAUM) of Rs. 1,07,749 Crores and an investor count of over 72 Lakh folios as of September 2010. RMF is part of the Reliance - Anil Dhirubhai Ambani Group and offers investors a diverse portfolio of products. The schemes are managed by Reliance Capital Asset Management Limited, a subsidiary of Reliance Capital Limited, which is one of India's top financial services companies.

Reliance Mutual Fund was renamed Nippon India Mutual Fund in October 2019 when Nippon Life Insurance Company bought Reliance's stake. Nippon India Mutual Fund is one of India's top Asset Management Companies, managing assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds. The company is led by its CEO, Sundeep Sikka, and its asset manager is Nippon Life India Asset Management Limited (NAM India). NAM India's promoters are Reliance Capital Limited and Nippon Life Insurance Company, holding 75.93% of its total issued and paid-up equity share capital.

• Mr. Ashwani Kumar: Mr. Kumar has a long and rich experience in wealth management and has been a fund manager since 2003. He joined Nippon India Mutual Funds at a crucial juncture and is currently the Senior Fund Manager in Equity Investments.
• Mr. Sailesh Raj Bhan: Mr. Bhan has been with the company for over 10 years and also worked for 15 years in Nippon India Nippon Life Asset Management Limited. He is the Deputy CIO and manages the Nippon India Multi Cap Fund and Nippon India Consumption Fund.
• Mr. Rachh: Mr. Rachh has 29 years of experience in asset and capital management and is an alumnus of the University of Mumbai. He previously managed his own advisory and research institution, Anvicon Research, and is now with Nippon India Mutual Fund, specialising in Mid Cap and Small Cap stocks.
• Mr. Sanjay Parekh: Mr. Parekh has 24 years of experience in Equity Research and Fund Management. Before joining Nippon India, he was a Senior Fund Manager at ICICI Prudential Asset Management Company Ltd. and Head of Investment at ASK Investment Managers Ltd.
• Ms. Meenakshi Dawar: Ms. Dawar has been with Nippon India Mutual Fund for about 10 years and has a research background in Fund Management and Equity. She currently works with Nippon India Value Fund and Nippon India Vision Fund.
• Mr. Manish Gunwani: Mr. Gunwani is the current CIO of Equity Investments at Nippon India Mutual Fund. With over 21 years of experience, mostly in Equity and Fund management, he previously managed two flagship funds at ICICI Prudential AMC.

There are several other industry-leading equity professionals who jointly manage Nippon India Mutual Funds.

Frequently asked questions