Reliance Pension Fund was incorporated on March 31, 2009. It is a subsidiary of Reliance Capital Limited which is part of the group of Reliance companies led by Mr Anil Ambani. Reliance Pension Fund is headed by Mr. Gurbir Chopra. He has more than 19 years of experience in Banking and Investment solutions.
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Reliance Pension Fund NPS Tier 1 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets | Average Return* |
| 1 Year | 13.71% | 2.36% | -1.29% | 7.13% | 4.93% |
| 3 Years | 12.97% | 8.14% | 7.35% | NA | 9.49% |
| 5 Years | 16.55% | 10.04% | 9.88% | NA | 12.16% |
| Since Inception | 11.56% | 9.06% | 7.89% | 6.53% | 9.50% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds, with nothing invested in the Alternative Asset class considering its recent inclusion as a scheme category.
Reliance Pension Fund NPS Tier 2 Account
| Returns/Scheme | Equity | Corporate Bonds | Government Bonds | Average Return* |
| 1 Year | 14.28% | 2.48% | -1.12% | 5.21% |
| 3 Years | 13.24% | 8.06% | 7.45% | 9.58% |
| 5 Years | 16.79% | 10.10% | 9.88% | 12.26% |
| Since Inception | 10.44% | 8.82% | 8.11% | 9.12% |
*Average return reflects the return earned on a scheme with equal allocation in Equity, Corporate Bonds and Government Bonds.
The Management
Gurbir Chopra
Reliance Pension Fund is led by Mr. Gurbir Chopra as its CEO. He has 19+ years experience in Banking and Investment solutions. Prior to this, he was acting as the Zonal Business Head (North) of Reliance Capital Asset Management Ltd.
Manish Shah
Mr. Manish Shah acts as the Fund Manager of Reliance Pension Fund. He is an MBA in Finance and has more than 7 years of experience in SLR & Non SLR segment of the debt market.
Portfolio Details of Reliance Pension Fund
Reliance Pension Fund NPS Tier 1 Account
The value of total assets under management (AUM) for NPS Tier 1 is Rs. 230.12 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds | Alternative Assets |
| Scheme Inception Date | May 21, 2009 | November 2, 2016 | ||
| Asset Under Management (AUM) | Rs. 91 crore | Rs. 55 crore | Rs. 84 crore | Rs. 12 lakh |
| Top 5 Holdings | Reliance Industries, HDFC Bank, Infosys, ITC | 8.45% Bajaj Fin Ltd TIER II NCD
(2026), 8.95% Jamnagar Utilities & Pow Pvt Ltd (2023), 8.80% Power Grid Corp Ltd NCD (2024), 9.24% HDFC NCD 2024, 8.52% NABARD NCD Sr LTIF 2 E (2033) |
8.28% GOI 2027, 8.28% GOI 2032, 8.32% GOI 2032, 7.73% GOI 2034, 8.17% GOI 2044 | Birla Sunlife Cash Plus Growth Direct
Plan |
| Weightage of Top 5 Holdings | 29.84% | 18.03% | 34.70% | 100% |
| Top 3 Sectors | Fuel, Banking, IT | Institutions granting credit and accepting deposits, Institutions generating electric power, Institutions involved with transmission of
electric energy |
Government securities | Money market instruments |
Reliance Pension Fund NPS Tier 2 Account
The value of total assets under management (AUM) for NPS Tier 2 is Rs. 15 crore.
| Details/Scheme | Equity | Corporate Bonds | Government Bonds |
| Scheme Inception Date | December 21, 2009 | ||
| Asset Under Management (AUM) | Rs. 7 crore | Rs. 4 crore | Rs. 4 crore |
| Top 5 Holdings | Reliance Industries, HDFC Bank, Infosys, ITC | 8.67% IDFC BK Ltd NCD 2025, 8.40% Canara Bank NCD TIER 2 BS-3 2026, 8.06% REC Ltd
NCD 2023, 8.45% Bajaj Fin Ltd TIER II NCD 2026, 7.90% Sikka Ports & Terminals NCD 2026 |
8.28% GOI 2027
8.24% GOI 2033 7.73% GOI 2034 9.20% GOI 2030 8.28% GOI 2032 |
| Weightage of Top 5 Holdings | 30.10% | 22.97% | 42.70% |
| Top 3 Sectors | Fuel, Banking, IT | Banking, Discount houses, other credit granting institutions | Government Securities |
*All above details are as on September 25, 2018.