Reliance Junior BeES Fund of Funds NFO Launched

Reliance Mutual Fund has launched a New Fund Offer (NFO) for Reliance Junior BeES FoF (Fund of Funds). The NFO periods begins on February 18, 2019 and will end on February 28, 2019. The scheme will re-open for continuous sale and repurchase by March 15, 2019. This open-ended scheme aims to provide returns closely corresponding to returns provided by Reliance ETF Junior BeES by investing its assets in the units of a large cap equity scheme.

Asset Allocation of Reliance Junior BeES FoF

The Reliance Junior BeES FoF will allocate its assets in the following manner:

Asset Class	Asset Allocation
	Minimum	Maximum
Units of Reliance ETF Junior BeES	95%	100%
Reverse repo and /or Tri-Party Repo and/or short-term fixed deposits and/or schemes which invest predominantly in the money market securities or liquid schemes	0%	5%

The scheme will not invest in derivatives, securitized debt, American Depositary Receipt (ADR), Global Depositary Receipt (GDR) and foreign Securities.

It will also not participate in short selling and repo of corporate debt instruments.

Benchmark of Reliance Junior BeES FoF

The performance of Reliance Junior BeES FoF will be benchmarked against the NIFTY Next 50 Index. The same index is also used as the benchmark for the Reliance ETF Junior BeES. Returns data of this benchmark index are as follows:

Index	1 Year Return	5 Year Return
NIFTY Next 50 Index (TRI)	-11.85%	18.83%

(Data as on January 31, 2019; Source: NSE)

Fund Manager of Reliance Junior BeES FoF

The Reliance Junior BeES FoF will be managed by Mr. Mehul Dama. Other passive schemes managed by him since November 2018 include Reliance Index Fund – Sensex Plan and Reliance Index Fund – Nifty Plan.

Key information about Reliance Junior BeES FoF NFO

NFO period	February 18, 2019 – February 28, 2019
Minimum application amount	Rs. 1,000
Exit load	Nil
Benchmark	NIFTY Next 50 Index (TRI)
Fund Manager	Mehul Dama

Other Funds by Nippon India Asset Management

Scheme Name	3Y Returns (%)	AUM (Rs. Cr.)	Category
Nippon India US Equity Opportunities Fund	20.3	13.52	Sectoral/Thematic Fund
Nippon India Index Fund Sensex Plan	13.69	6.34	Large Cap Fund
Nippon India Index Fund Nifty Plan	11.8	127.05	Large Cap Fund
Nippon India Large Cap Fund	10.83	9832.83	Large Cap Fund
Nippon India Banking Fund	10.59	2959.26	Sectoral/Thematic Fund
Nippon India Growth Fund	10.47	7177.4	Mid Cap Fund
Nippon India Gold Savings Fund	10.28	655.99	Gold Funds
Nippon India Japan Equity Fund	10.25	17.58	Sectoral/Thematic Fund
Nippon India Gilt Securities Fund	10.23	995.98	Gilt Fund
Nippon India Gilt Securities Fund Direct Defined Maturity Date-Growth	10.23	995.98	Gilt Fund
Nippon India Value Fund	10.13	3374.75	Value Fund
Nippon India Small Cap Fund	9.9	7207.07	Small Cap Fund
Nippon India Multi Cap Fund	9.87	10053.46	Multi Cap Fund
Nippon India Balanced Advantage Fund	9.74	88.21	Dynamic Asset Allocation
Nippon India Income Fund	8.83	435.23	Medium to Long Duration Fund
Nippon India Quant Fund Retail	8.65	28.37	Sectoral/Thematic Fund
Nippon India Banking & PSU Debt Fund	8.5	4111.1	Banking and PSU Fund
Nippon IndiaRetirement Fund – Income Generation Scheme Direct-Growth	8.27	212.64	Conservative Hybrid Fund
Nippon India Short Term Fund	7.91	12068.23	Short Duration Fund
Nippon India Prime Debt Fund	7.82	9100.28	Corporate Bond Fund

{Data as on Feb 19, 2020; Source: Value Research}