An Open Ended Diversified Equity Scheme.

Summary

Type	An Open Ended Diversified Equity Scheme.	Benchmark Index	S&P 500 Index
Min. investment: Additional purchase:	Rs 5,000/- and in multiples of Re 1 thereafter Rs 1,000 and in multiples of Re 1 thereafter	Plans:	Regular and Direct Plan: a) Growth b) Dividend Dividend Payout Dividend Re-investment Option
Face Value	Rs 10 per unit	Expense Ratio:	Upto 2.50%
Entry Load	Nil	Exit Load:	1% - if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil - if redeemed or switched out after the completion of 1 year from the date of allotment of units
Issue Opens	July 03, 2015	Issue Closes:	July 17, 2015

 

Investment Objective*

The primary investment objective of Reliance US Equity Opportunities Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the US and the secondary objective is to generate consistent returns by investing in debt and money market securities in India.

*Source: Scheme Information Document

 

Is this fund for you?

The investment strategy of the fund would be to create a portfolio of high quality – high growth stocks listed on recognized stock exchanges of US. The fund endeavours to adopt a combination of top down and bottom-up approach to stock picking without any sector or market capitalization bias. Companies would be selected on the basis parameters such as: the business fundamentals like nature and stability of business, prospects of future growth and scalability, financial discipline and returns, valuations in relation to broad market and expected growth in earnings, the company’s financial strength and track record, amongst host of other facets.

The asset allocation under normal circumstances:

 

Instruments	Indicative allocations (% of total assets)		Risk Profile High/Medium/Low
	Minimum	Maximum
Equity and Equity related Instruments listed on the recognized stock exchanges in the US *	80%	100%	High to Medium
Fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits in India	0%	20%	Medium to Low

*Includes ADRs/GDRs issued by Indian companies or foreign companies, equity of overseas companies listed on recognized stock exchanges of US, units/securities issued by overseas mutual funds or unit trusts which are registered with US regulators and overseas exchange traded funds (ETFs) which invest in the securities as permitted by SEBI/RBI from time to time. The fund will also invest in initial and follow on public offerings to be listed at recognized stock exchanges of US.
The Scheme will not invest in securitized debt & the scheme will not participate in short selling and securities lending. The scheme would not participate in repo in corporate bonds.

(Source: Scheme Information Document)

The performance of Reliance US Equity Opportunities Fund will be measured against the S&P 500 Index.

 

Fund Manager Profile

The fund will be managed by Ms Anju Chajjer, while Ms Jahnvee Shah will be the dedicated fund manager for overseas investments.

Ms Anju Chajjer is a Commerce graduate (B.Com.) and a Chartered Accountant (CA). She has a total work experience of over 11 years. She joined Reliance Capital Asset Management Ltd. in October 2007. Prior to this, she was associated with National Insurance co. Ltd., among others.

Ms Jahnvee Shah is the fund manager for overseas investments. She holds a Bachelor’s degree in Science (B.Sc) and has done Master’s in Business Administration (MBA). She holds a total work experience of about 14 years. She joined Reliance Capital Asset Management Ltd. in May 2006 and prior to this, was associated with Financial Express, among others.

 

Fund Outlook

Since a significant portion of the fund is mandated to be invested in US equities, its performance will largely depend on the economic, social and political developments taking place in the U.S. and also the currency movement. .At present there are signs of economic vigour appear in the US economy, with unemployment data dwindling and business confidence along with consumer confidence strengthening. But along positivity permeated, valuations are not cheap in the US stocks amid a period of risk-on. There are chances that this year, the Federal Reserve may increase interest rates. If that happens, there could be in volatility in the markets…and more so, as the second quarter (Q2) results of US corporates seem unimpressive.

  DISCLOSURE AS PER SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014  

About the Company including business activity

Quantum Information Services Private Limited (QIS) was incorporated on December 19, 1989.

QIS was promoted by Mr. Ajit Dayal with an objective of providing value-based information / views on news related to equity markets, the economy in general, sector analysis, budget review and various personal products and investments options available to the Public. It was the first company to start equity research on an institutional level.

‘PersonalFN' is a service brand of QIS and was started in the year 1999. In 1999, the Company registered the Domain name www.personalfn.com for providing information on mutual funds and personal financial planning, financial markets in general, etc and services related to financial planning and research in various financial instruments including mutual funds, insurance and fixed income products to customers. It offers asset allocation and researched investment recommendations through its financial planning services.

Disciplinary history

There are no outstanding litigations against the Company, it subsidiaries and its Directors.

For the terms and condition for research report click here.

Details of associates

1. Money Simplified Services Limited;
2. PersonalFN Insurance Services India Limited ;
3. Equitymaster Agora Research Private Limited;
4. Common Sense Living Private Limited;
5. Quantum Advisors Private Limited;
6. Quantum Asset Management Company Private Limited;
7. HelpYourNGO Private Limited;
8. HelpYourNGO Foundation;
9. QIEF Management LLC, Mauritius
10. Natural Streets for Performing Arts Foundation;
11. Rahul Goel;
12. Ajit Dayal;
13. I V Subramaniam.

Disclosure with regard to ownership and material conflicts of interest
 

1. Neither QIS, it's Associates, Research Analyst or his/her relative have any financial interest in the subject Company , except QIS receives fees for providing research to Quantum Equity Fund of Fund (QEFoF) which is Fund of Fund scheme managed by QMF.
2. Neither QIS, it's Associates, Research Analyst or his/her relative have actual/beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report.
3. Neither QIS, it's Associates, Research Analyst or his/her relative has any other material conflict of interest at the time of publication of the research report except that QIS (PersonalFN) is, as per SEBI (Mutual Funds) Regulations 1996, an associate / group Company of Quantum Asset Management Company Private Limited and Trustees and Sponsor of Quantum Mutual Fund (QMF) and to that extent there may be conflict of interest while recommending any schemes of QMF. However any such recommendation or reference made is based on the standard evaluation and selection process, which applies uniformly for all Mutual Fund Schemes. The payment of commission (upfront /annualized & trail), if any, for any Schemes by QMF to QIS (PersonalFN) is also at arm's length and as per prevailing market practices
    

Disclosure with regard to receipt of Compensation

1. Neither QIS nor it's Associates have any compensation from the subject Company in the past twelve months.
2. Neither QIS nor it's Associates have managed or co-managed public offering of securities for the subject Company in the past twelve months.
3. Neither QIS nor it's Associates have received any compensation for investment banking or merchant banking or brokerage services from the subject Company in the past twelve months.
4. Neither QIS nor it's Associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
5. Neither QIS nor it's Associates have received any compensation or other benefits from the subject Company or third party in connection with the research report
    

General disclosure

1. The Research Analyst has not served as an officer, director or employee of the subject Company.
2. QIS or the Research Analyst has not been engaged in market making activity for the subject Company.
    

Subject Company means Mutual Fund Schemes

Quantum Information Services Pvt. Ltd. 101, Raheja Chambers, 213, Nariman Point, Mumbai - 400021. Tel: +91 22 6136 1200
Website : www.personalfn.com CIN: U65990MH1989PTC054667

 

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