mazboot income planmazboot incomeplan reliance monthly income plan-growth (%) crisil mip blended...

December 2010

Statutory Details: Reliance Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882. Sponsor: Reliance Capital Limited. Trustee:Reliance Capital Trustee Company Limited. Investment Manager: Reliance Capital Asset Management Limited (Registered Office of Trustee & Investment Manager: “Reliance House”Nr. Mardia Plaza, Off. C.G. Road, Ahmedabad 380 006). The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956. The Sponsor is notresponsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of Rs.1 lakh towards the setting up of the Mutual Fund and such otheraccretions and additions to the corpus. Reliance Monthly Income Plan (An Open Ended Fund. Monthly Income is not assured & is subject to the availability of distributable surplus):The primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit holders and the secondary objective is growth ofcapital. Asset Allocation: Equities and Equity related Securities - 20 to 0%, Fixed Income Securities (Debt and Money Market) - 100 to 80%. Loads: 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 thereafter. Terms of issue: The NAV of the Scheme will be calculatedand declared on every Working Day. The scheme provides sale / switch - in & repurchase /switch - out facility on all Business Days at NAV based prices. Risk Factors: Mutual Fundsand securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment insecurities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. Reliance Monthly IncomePlan is only the name of the Scheme and do not in any manner indicates either the quality of the Scheme; its future prospects or returns. Past performance of theSponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The NAV of the Scheme may be affected, interalia, by changes in the market conditions,interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has everyintention of doing so. All dividend distributions are subject to the availability of distributable surplus in the Scheme. For details of scheme features apart from those mentioned aboveand for scheme specific risk factors, please refer to the Scheme Information Document and KIM cum application form which is available at all the DISC / Distributors /www.reliancemutual.com . Please read the Scheme Information Document and Statement of Additional Information carefully before investing.

RelianceMonthly Income Plan(An open ended fund. Monthly Income is not assuredand is subject to availability of distributable surplus)

Helps minimise tax liability

Tax free dividend

Daily redemption facility

Easy redemption

Aims at giving regular monthly returns

Regular & Stable returns

Badhte kharchon ke liye

mazboot income plan

Reliance Monthly

Income Plan-Growth (%)

Crisil MIP Blended

Index (%)

5.21 8.81 13.74 12.62 11.74

3.99 6.42 5.97 7.87 7.08

Past Performance may or may not be sustained in future.Returns for less than one year are absolute returns. Returns of one yearand more than one year are compounded annualized returns. (InceptionDate: 13th Jan 2004) Calculations assume that all payouts during theperiod have been reinvested in the units of the scheme at the thenprevailing NAV. NAV as on Dec 14, 2010 is 21.5963.

SinceInceptionScheme / Period 6 months 1 Year 3 Years 5 Years

Performance as on 30/11/2010

1 Fundamentals Dec 2010

Diversified Large Cap

Reliance Vision Fund................................................................................................................................... 02

Reliance Equity Advantage Fund. .............................................................................................................. 03

Reliance Quant Plus Fund.......................................................................................................................... 04

Reliance NRI Equity Fund .......................................................................................................................... 05

Reliance Equity Fund.................................................................................................................................. 06

Index

Reliance Index Fund - Sensex Plan.......................................................................................................... 07

Reliance Index Fund - Nifty Plan ............................................................................................................. 07

Diversified Mid Cap & Small Cap

Reliance Growth Fund................................................................................................................................ 08

Reliance Long Term Equity Fund............................................................................................................... 09

Reliance Small Cap Fund .......................................................................................................................... 10

Diversified Multi Cap

Reliance Regular Savings Fund – Equity Option ...................................................................................... 11

Reliance Equity Opportunities Fund.......................................................................................................... 12

Balanced

Reliance Regular Savings Fund – Balanced Option.................................................................................. 13

Diversified Theme Based

Reliance Infrastructure Fund...................................................................................................................... 14

Reliance Natural Resources Fund.............................................................................................................. 15

Sector

Reliance Banking Fund............................................................................................................................... 16

Reliance Diversified Power Sector Fund.................................................................................................... 17

Reliance Media & Entertainment Fund..................................................................................................... 18

Reliance Pharma Fund ............................................................................................................................... 19

Tax Saver

Reliance Tax Saver (ELSS) Fund ................................................................................................................ 19

Reliance Equity Linked Saving Funds - Series 1...................................................................................... 21

Arbitrage

Reliance Arbitrage Advantage Fund........................................................................................................... 22

Fixed Income

Liquid

Reliance Liquidity Fund .............................................................................................................................. 23

Reliance Liquid Fund – Treasury Plan ........................................................................................................ 24

Reliance Liquid Fund – Cash Plan.............................................................................................................. 25

Ultra Short Term

Reliance Floating Rate Fund – Short Term Plan....................................................................................... 25

Reliance Money Manager Fund ................................................................................................................ 26

Reliance Medium Term Fund..................................................................................................................... 28

Short Term

Reliance Short Term Fund.......................................................................................................................... 29

Long Term

Reliance Regular Savings Fund – Debt Option ......................................................................................... 30

Reliance Income Fund................................................................................................................................ 31

Dynamic

Reliance Dynamic Securities Fund ............................................................................................................ 32

Gilt

Reliance Gilt Securities Fund ..................................................................................................................... 33

MIP

Reliance Monthly Income Plan................................................................................................................. 34

ETF

Reliance Banking Exchange Traded Fund ................................................................................................. 36

Reliance Gold Exchange Traded Fund ....................................................................................................... 36

e gefunEquity

Fixed Income

Exchange Traded Funds


PORTFOLIO COMPOSITION AS ON

NOVEMBER 30, 2010

SECTOR ALLOCATION AS ON NOVEMBER 30, 2010

figures in %

Reliance

Vision FundINVESTMENT OBJECTIVE

The primary investment objective of the scheme is to

achieve long-term growth of capital by investment in

equity and equity related securities through a research

based investment approach.

Equity : Diversified Large Cap FUND DATA

Type......................... Open-ended Equity Growth Scheme

Date of allotment........................................... .08/10/1995

Inception Date............................................... . .08/10/1995

Corpus: .................. 3697.96 crores (September 30, 2010)

Minimum Investment ;............Retail Plan- Rs 5000 and in

multiples of Re. 1 thereafter

....................................Institutional Plan- Rs 5 cr and in

multiples of Re. 1 thereafter

Fund Manager............................................... Ashwani Kumar

Entry Load*.....................................................Retail Plan ; Nil

............................................................Institutional Plan : Nil

Exit Load......................... ...... (w.e.f. from 24th Aug 2009)

Retail Plan & Institutional Plan

of 1 year from the date of allotment of units

year from the date of allotment of units

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.

PERFORMANCE OF RELIANCE VISION FUND

vs BSE 100 INDEX AS ON NOVEMBER 30, 2010

Period Returns ofScheme (%)

Returns ofBenchmark (%)

6 months 14.25 14.49

1 Year 18.59 15.32

3 Years 2.37 -0.33

5 Years 19.16 17.19

Since Inception 24.70 12.88

Past performance may or may not be sustained in future. Returns are of

Retail Plan - Growth Plan. Returns less than one year are absolute returns and

returns of one year and more are compounded annualized returns. Calculations

assume all payouts during the period have been reinvested in the units of the

scheme at the prevailing NAV.

SPECIAL FEATURE

Reliance Any Time Money Card

PORTFOLIO OF RELIANCE VISION FUND

as on November 30, 2010Holdings Weightage (%)Equities 93.80

State Bank Of India 10.98

Oil & Natural Gas Corporation Ltd. 4.43

Siemens Ltd. 4.32

Divi's Laboratories Ltd. 4.20

ICICI Bank Ltd. 4.16

Bharat Forge Ltd. 3.95

Cadila Healthcare Ltd. 3.90

Maruti Suzuki India Ltd. 3.88

Reliance Industries Ltd. 3.72

Infosys Technologies Ltd. 3.71

Glaxosmithkline Pharmaceuticals Ltd. 3.69

Aventis Pharma Ltd. 3.47

Tata Consultancy Services Ltd. 3.26

Tata Steel Ltd. 3.19

Bharat Petroleum Corporation Ltd. 3.07

Larsen & Toubro Ltd. 2.96

Coal India Ltd 2.31

Hindustan Petroleum Corporation Ltd. 2.25

United Spirits Ltd. 2.11

Reliance Infrastructure Limited 2.10

Automotive Axles Ltd. 1.93

Cairn India Limited 1.77

Ashok Leyland Ltd. 1.72

Financial Technologies India Ltd 1.71

Tata Motors Ltd. 1.51

Canara Bank 1.46

Indiabulls Financial Services Ltd 1.33

Ranbaxy Laboratories Ltd. 1.22

Jaiprakash Associates Ltd. 1.09

Mahindra Forgings Limited 1.04

Equity Less Than 1% Of Corpus 3.34

Idr,Warrants,Derivatives,Cash And

Other Receivables6.20

Grand Total 100.00

VOLATILITY MEASURES

Beta: 0.8557

Standard Deviation: 4.1082

R Squared: 0.9222

Sharpe Ratio : 0.0045

Portfolio Turnover Ratio: 1.11Note: The above measures have been calculated by taking rolling return

for a 3 year period from 30/11/2007 with 6.83% Risk Free returns

(taken as 91days T-bill yield as on 30/11/2010)

NAV AS ON NOVEMBER 30, 2010 RS.

Reliance Vision Fund-Growth Plan 283.7060

Reliance Vision Fund-Bonus Plan 47.6542

Reliance Vision Fund-Dividend Plan 46.2781

Reliance Vision Fund-Institutional Growth 283.7807

Reliance Vision Fund-Institutional Dividend 260.7016

DIVIDEND HISTORY

Date

Rate

(Re/

Unit)

Cum

Dividend

NAV

*Ex-

Dividend

NAV

2/24/2003 3.00 27.65 24.51

6/25/2003 2.50 30.51 28.01

9/23/2003 2.50 37.52 35.02

12/3/2003 4.50 46.04 42.02

2/5/2004 10.00 43.96 33.96

6/4/2004 3.00 29.36 26.19

12/17/2004 2.50 37.40 35.61

3/28/2005 5.00 38.02 32.36

12/19/2005 3.00 48.02 44.85

3/28/2006 7.50 54.43 47.39

10/9/2006 2.00 50.40 48.40

1/19/2007 8.00 55.80 47.79

10/26/2007 3.00 67.06 65.93

3/14/2008 7.00 51.89 41.52

3/20/2009 2.00 26.38 25.27

11/27/2009 5.00 45.59 41.40

3/30/2010 2.50 43.5704 41.1180

Past performance may or may not be sustained in the future;

Dividend distribution is subject to availability & adequacy of distributable

surplus. The Mutual Fund is not assuring that it will make periodical

dividend distributions, though it has every intention of doing so.

After the payment of dividend, the per unit NAV falls to the extent

of the dividend payout and distribution taxes, if any. Performance of

dividend plan/option would be net of applicable statutory levy , if any.

* NAV on the 1st transaction day after Record Date, which includes the mark

to market impact also.

SIP RETURN

as on November 30, 2010

Period 1 Year 3 Year 5 Year Since inception

SIP Start Date 12/1/2009 12/1/2007 12/1/2005 10/8/1995

Current NAV (As on 30/11/2010) 283.71 283.71 283.71 283.71

Total No. of units accumulated 45.50 178.47 321.91 7279.92

Total Amount Invested in Rs. 12000.00 36000.00 60000.00 182000.00

Market Value if invested in Scheme in Rs. 12908.71 50631.91 91328.26 2065355.79

Market Value if invested in Benchmark in Rs. 12915.86 48689.05 87185.22 755714.21

Return on SIP in Scheme 15.05% 23.86% 16.98% 28.27%

Return on SIP in Benchmark (BSE 100) 15.17% 20.98% 15.08% 17.05%

Past performance may or may not be sustained in future.

Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR

b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.

c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that load has not been taken into consideration.

d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. SIP does not guarantee or assure any protection against losses in declining market conditions. not necessarily provide a basis for comparison with other investments. SIP does not guarantee or assure any protection against losses in declining market conditions.

Industry Classification as per AMFI.



NOVEMBER 30, 2010



figures in %

Equity : Diversified Large Cap

Reliance

Equity Advantage

Fund

INVESTMENT OBJECTIVE


seek to generate capital appreciation & provide

long-term growth opportunities by investing in a

portfolio predominately of equity & equity related

instruments with investments generally in S & P CNX

Nifty stocks and the secondary objective is to generate

consistent returns by investing in debt and money &

money market securities.

FUND DATA

Type. . . . . . .Open-ended Diversified Equity Scheme

Date of allotment . . . . . . . . . . . . . . . 08/08/2007

Inception Date . . . . . . . . . . . . . . . . . . 09/08/2007

Corpus . . . Rs 1326.65 crore (September 30, 2010)

Minimum Investment . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter

IP Plan- Rs 5 cr and in multiples of Re. 1 thereafter

Fund Manager . . . . .Ashwani Kumar,Sailesh Raj Bhan

Entry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan ;Nil

. . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan ; Nil

Exit Load . . . . . . . . ......(w.e.f. from 24th Aug 2009)


completion of 1 year from the date of allotment of units

1 year from the date of allotment of units

Benchmark. . . . . . . . . . . . . . . . . . . . .S&P CNX Nifty

PERFORMANCE OF RELIANCE EQUITY ADVANTAGE

FUND vs S&P CNX NIFTY AS ON NOVEMBER 30,

2010

PeriodReturns of

Scheme (%)Returns of

Benchmark (%)

6 months 16.33 15.71

1 Years 18.90 16.49

3 Years 2.62 0.57

5 Years N.A. N.A.


Past performance may or may not be sustained in the

future.

Returns of retail plan- growth plan. returns less than

one year are absolute returns and returns of one year

and more are compounded annualized returns.

calculations assume that all payouts during the period

have been reinvested in the units of the scheme at the

then prevailing NAV.

SPECIAL FEATURE


PORTFOLIO OF RELIANCE EQUITY

ADVANTAGE FUND


Holdings Weightage(%)

Equity 98.35



HDFC Bank Ltd. 6.48



HCL Technologies Ltd. 5.57

Housing Development Finance Cor Ltd 5.03






Siemens Ltd. 3.65

Hindustan Unilever Ltd. 3.12

ITC Ltd 2.37


Bharti Airtel Ltd. 1.83


ACC Ltd 1.72

Sterlite Industries Ltd. 1.67


Pidilite Industries Ltd. 1.51

Cipla Ltd. 1.48

Kirloskar Oil Engines Ltd 1.37

Mahindra & Mahindra Ltd. 1.32


NTPC Ltd. 1.11

Sun Pharmaceutical Industries Ltd. 1.10

Kpit Cummins Infosystem Ltd. 1.04

Torrent Power Limited 1.02


Warrants,Cash And Other Receivables 1.65

Grand Total 100.00

VOLATILITY MEASURES

Beta 0.9069

Standard Deviation 4.2199

R Squared 0.9816

Sharpe Ratio 0.0097

Portfolio Turnover Ratio 1.09

Note: The above measures have been calculated by taking rolling

return for a 3 year period from 30/11/2007 with 6.83% Risk

Free returns (taken as 91days T-bill yield as on 30/11/2010)

NAV AS ON NOVEMBER 30, 2010 RS

Reliance Equity Advantage Fund-

Growth Plan13.3504


Bonus Plan13.3492


Dividend Plan13.3504


Institutional Bonus Plan13.5823


Institutional Dividend Plan13.5823



NOVEMBER 30, 2010



figures in %

Equity: Diversified Large Cap

Reliance

Quant Plus Fund


The investment objective of the Scheme is to generate

capital appreciation through investment in equity and

equity related instruments. The Scheme will seek to

generate capital appreciation by investing in an active

portfolio of stocks selected from S & P CNX Nifty on

the basis of a mathematical model.

FUND DATA

Type.....................................Open-ended Equity Scheme

Date of allotment.....................................18/04/2008 Inception Date .........................................18/04/2008

Corpus . . . . . Rs 42.25 crore (September 30, 2010)

Minimum Investment : Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter

Institutional Plan - Rs 5 cr and in multiples of Re. 1 thereafter

Fund Manager ..............................................Krishan Daga

Entry Load*...............................................Retail Plan ; Nil

........................................................Institutional Plan ; Nil

Exit Load............................(w.e.f. from 24th Aug 2009)


out on or before completion of 1 Year from the date of allotment of units

from the date of allotment of units

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the

distributor

Benchmark ............................................... S&P CNX Nifty


RELIANCE QUANT PLUS FUND

- Growth Plan

14.1367


- Bonus Plan

14.1367


- Dividend Plan

14.1367

PERFORMANCE OF RELIANCE QUANT PLUS FUND RETAIL PLAN - GROWTH VS S&P CNX NIFTY

FROM APRIL 18, 2008 TO NOVEMBER 30, 2010



6 months 22.59 15.71

1 Year 24.23 16.49

3 Years N.A N.A

5 Years N.A N.A


Inception date - April 18, 2008


Returns are of Retail Plan - Growth Plan. Returns less than one year are

absolute returns and returns of one year and more are compounded

annualized returns. Calculations assume all payouts during the period have

been reinvested in the units of the scheme at the prevailing NAV. The

Fundamental attribute of the Scheme was changed with effect from April 18,

2008. Original inception date of the Scheme is February 8, 2005.

PORTFOLIO OF RELIANCE QUANT PLUS FUND


Holdings Weightage (%)

Equity 94.22





ITC Ltd 7.12

HDFC Bank Ltd. 6.88





Other Equities 24.42

Warrants,Cash And Other Receivables 5.78

Grand Total 100.00

VOLATILITY MEASURES

Beta 0.8797


R Squared 0.9758

Sharpe Ratio 0.0524


Note: The above measures have been calculated by

taking rolling return since inception with 6.83%

Risk Free returns (takan as 91days T-bill yield as on

30/11/2010)



NOVEMBER 30, 2010



figures in %


Reliance

NRI Equity FundINVESTMENT OBJECTIVE


generate optimal returns by investing in equity and

equity related instruments primarily drawn from the

Companies in the BSE 200 Index

FUND DATA


Date of allotment:...................................... 15/11/2004

Inception Date............................................16/11/200

Corpus: ............... 142.64 crore (September 30, 2010)

Minimum Investment . ..................................... Rs 5,000

Fund Manager................................... Omprakash Kuckian

Entry Load* .................................................................. Nil

Exit Load ...........................(w.e.f. from 24th Aug 2009)

completion of 1 year from the date of allotment of

units


*In terms of SEBI circular no. SEBI/IMD/CIR No.4/

168230/09 dated June 30, 2009, no entry load will

be charged by the Scheme to the investor effective

August 1, 2009. Upfront commission shall be paid

directly by the investor to the AMFI registered

Distributors based on the investors' assessment of

various factors including the service rendered by the

distributor

Benchmark. . . . . . . . . . . . . . . . . . . . BSE 200 Index


Reliance NRI Equity Fund-Growth Plan 41.5549

Reliance NRI Equity Fund-Bonus Plan 41.5549

Reliance NRI Equity Fund-Dividend Plan 24.7248

PERFORMANCE OF RELIANCE NRI EQUITY FUND VS BSE 200 INDEX AS ON NOVEMBER 30, 2010



6 months 16.62 14.80

1 Year 24.07 16.43

3 Years 4.74 -0.04

5 Years 22.21 17.07


Past performance may or may not be sustained in the

future. Returns are of growth plan. returns less than


and more are compounded annualized returns.calcula-

tions assume all payouts during the period have been

reinvested in the units of the scheme at the prevailing

NAV.

PORTFOLIO OF RELIANCE NRI EQUITY FUND


Holdings Weightage %

Equities 95.24



Cummins India Ltd. 5.96

Corporation Bank 5.84


Oil India Limited 5.16

Dr. Reddy's Laboratories Ltd. 4.69

Oracle Financial Serv Software Ltd 4.69




Patni Computers System Ltd. 4.36

Grasim Industries Ltd. 4.26




Mundra Port & Special Eco Zone Ltd 3.43




Pantaloon Retail (India) Ltd. 2.95


Cash And Other Receivables 4.76

Grand Total 100.00

VOLATILITY MEASURES

Beta: 0.9585


R Squared: 0.9156


Portfolio Turnover Ratio: 0.48Note: The above measures have been calculated by taking rolling return for

a 3 year period from 30/11/2007 with 6.83% Risk Free returns (taken as

91days T-bill yield as on 30/11/2010)

DIVIDEND HISTORY

Date

Rate

(Re/

Unit)

Cum

Dividend

NAV

*EX

Dividend

NAV

8/7/2006 1.00 19.6692 18.6693

1/29/2007 2.50 23.9940 21.3911

8/17/2007 2.00 22.4467 20.7827

3/14/2008 1.50 21.3340 18.5803

9/18/2009 4.00 23.5344 19.7095Past performance may or may not be sustained in future; Dividend

distribution is subject to availability & adequacy of distributable surplus.

The Mutual Fund is not assuring that it will make periodical dividend

distributions, though it has every intention of doing so. After the payment

of dividend, the per unit NAV falls to the extent of the dividend payout and

distribution taxes, if any. Performance of dividend plan/option would be net of

applicable statutory levy , if any.



SIP RETURN



SIP Start Date 12/1/2009 12/1/2007 12/1/2005 11/16/2004

Current NAV (As on 30/11/2010) 41.55 41.55 41.55 41.55








Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly subscriptions

have been worked out on "Excel" spreadsheet function known as XIRR


c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please

be noted that load has not been taken into consideration.

d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for

understanding the concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual

Fund or the Investment Manager does not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may

not necessarily provide a basis for comparison with other investments. SIP does not guarantee or assure any protection against losses in declining market

conditions.


PORTFOLIO COMPOSITION AS ON NOVEMBER 30, 2010




figures in %

figures in %


Reliance

Equity FundINVESTMENT OBJECTIVE


seek to generate capital appreciation and provide long

term growth opportunities by investing in a portfolio

constituted of equity and equity related securities of top

100 companies by market capitalization and of

companies which are available in the derivatives

segment from time to time and the secondary objective

is to generate consistent returns by investing in debt and


FUND DATA

Type. .............. Open-ended Diversified Equity Scheme

Date of allotment..................................... 28/03/2006

Inception Date ......................................... 30/03/2006

Corpus . .. . Rs. 1814.55 crore (September 30, 2010)

Minimum Investment . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter IP Plan- Rs 5 cr and in multiples of Re. 1 thereafter.............................................Fund Manager.................................... Omprakash Kuckian

Entry Load* ...............................................Retail Plan: Nil

..........................................................Institutional Plan: Nil





*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Benchmark. . . . . . . . . . . . . . . . . . . . .S&P CNX Nifty

VOLATILITY MEASURES

Beta 0.7691


R Squared 0.9198

Sharpe Ratio -0.0282



taking rolling return for a 3 year period from

30/11/2007 with 6.83% Risk Free returns (taken as



Reliance Equity Fund-Growth Plan 14.7749

Reliance Equity Fund-Bonus Plan 14.7749

Reliance Equity Fund-Dividend Plan 14.7749

PERFORMANCE OF RELIANCE EQUITY FUND

VS S&P CNX NIFTY AS ON NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 3.35 15.71

1 Year 0.37 16.49

3 Years -3.73 0.57

5 Years N.A N.A




returns more than one year are compounded annualized returns. Calculations



SPECIAL FEATURE


Equity: Index

Reliance

Index Fund - Nifty PlanINVESTMENT OBJECTIVE


replicate the composition of the NIFTY, with a view to

generate returns that are commensurate with the

performance of the NIFTY, subject to tracking errors.

FUND DATA

Type. . . . . . . . . An Open Ended Index Linked Scheme

Date of allotment . . . . . . . . . . . . . . . . 28/09/2010

Inception Date . . . . . . . . . . . . . . . . . . . 01/10/2010

Corpus: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.A.

Minimum Investment . . . Rs 5000 and in multiples of

Re. 1 thereafter

Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga

Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil

Exit Load . . . . 1% of the applicable NAV if redeemed

or switched out on or before completion of 1 year

from the date of allotment of units. There shall be no

exit load after completion of 1 year from the date of

allotment of units

*In accordance with the requirements specified by the

SEBI circular no. SEBI/IMD/CIR No.4/168230/09

dated June 30, 2009 no entry load will be charged for

purchase / additional purchase / switch-in accepted by

the Fund with effect from August 01, 2009. Similarly,

no entry load will be charged with respect to applications

for registrations under systematic investment plans/

systematic transfer plans accepted by the Fund with

effect from August 01, 2009.

Benchmark: - S&P CNX NIFTY

PORTFOLIO OF RELIANCE NRI EQUITY FUND



Equities 82.83










Financial Technologies India Ltd 3.83

Bharat Heavy Electricals Ltd. 3.44

Cipla Ltd. 3.22



Reliance Communications Ltd 2.47


Engineers India Ltd 2.45

United Spirits Ltd. 2.17



Other Equities 1.77


Grand Total 100.00

Derivatives (Figures as a % Of Equity

Corpus)

Futures -2.84

Total Long Futures

Total Short Futures -2.84

Options 0.00

Total Call Written Notional Value 0.00

Total Put Written Notional Value 0.00

Total Call Bought Notional Value 0.00

Total Put Bought Notional Value 0.00

PORTFOLIO OF RELIANCE INDEX FUND - NIFTY

PLAN



Equities 99.31





ITC Ltd 5.16


HDFC Bank Ltd. 4.61








Axis Bank Limited 1.99



Hindalco Industries Ltd. 1.54


Jindal Steel & Power Ltd. 1.42

NTPC Ltd. 1.35







figures in %

PERFORMANCE OF RELIANCE INDEX FUND -

NIFTY PLAN - RETAIL PLAN - GROWTH vs S&P

CNX NIFTY AS ON NOVEMBER 30, 2010

PeriodReturns of


Benchmark (%)

Since Inception -4.65 -4.57

Past performance may or may not be sustained in

future. Returns of the Growth Plan. Returns less than



Calculations assume that all payouts during the period

have been reinvested in the units of the scheme at the

then prevailing NAV.


Reliance Index Fund - Nifty Plan - Growth Plan

9.5256

Reliance Index Fund - Nifty Plan - Bonus Plan

9.5257

Reliance Index Fund - Nifty Plan - Quarterly Dividend Plan

9.5257

Reliance Index Fund - Nifty Plan - Half Yearly Dividend Plan

9.5257

Reliance Index Fund - Nifty Plan - Annual Dividend Plan

9.5257

Equity: Index

Reliance

Index Fund - Sensex

PlanINVESTMENT OBJECTIVE


replicate the composition of the SENSEX, with a view

to generate returns that are commensurate with the

performance of the SENSEX, subject to tracking errors.

FUND DATA

Type. . . . . . . . . An Open Ended Index Linked Scheme


Inception Date . . . . . . . . . . . . . . . . . . . 01/10/2010

Corpus: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.A.


Re. 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil

Exit Load . . . . 1% of the applicable NAV if redeemed or switched out on or before completion of 1 year from the date of allotment of units. There shall be no exit load after completion of 1 year from the date of allotment of units

*In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load will be charged for purchase / additional purchase / switch-in accepted by the Fund with effect from August 01, 2009. Similarly, no entry load will be charged with respect to applications for registrations under systematic investment plans/ systematic transfer plans accepted by the Fund with

effect from August 01, 2009.

Benchmark: - BSE SENSEX

PERFORMANCE OF RELIANCE INDEX FUND -

SENSEX PLAN - GROWTH vs BSE SENSEX AS ON

NOVEMBER 30, 2010

PeriodReturns of


Benchmark (%)

Since Inception -4.85 -4.52


Returns of the Growth Plan. Returns less than one year are

absolute returns and returns of one year and more are

compounded annualized returns. Calculations assume that all

payouts during the period have been reinvested in the units of

the scheme at the then prevailing NAV.


Reliance Index Fund - Sensex Plan-

Growth Plan9.5260


Bonus Plan9.5261


Quarterly Dividend Plan9.5261


Half Yearly Dividend Plan9.5261


Annual Dividend Plan9.5261

Equity: Index

Reliance

Index Fund - Nifty Plan

PORTFOLIO OF RELIANCE INDEX FUND - NIFTY

PLAN


Dr. Reddy's Laboratories Ltd. 1.30

Gail (India) Ltd. 1.27

Bajaj Auto Limited 1.25

Infrastructure Development Finance

Company Ltd.1.22

Wipro Ltd. 1.21

Tata Power Co. Ltd. 1.20

Hero Honda Motors Ltd. 1.09




Grand Total 100.00

PORTFOLIO OF RELIANCE INDEX FUND - SENSEX PLAN



Equities 94.22





ITC Ltd 5.65



HDFC Bank Ltd. 5.20









NTPC Ltd. 1.87





Wipro Ltd. 1.31


Hero Honda Motors Ltd. 1.16

Cipla Ltd. 1.11



Grand Total 100.00



NOVEMBER 30, 2010



figures in %

Equity: Diversified Mid Cap & Small Cap

Reliance

Growth FundINVESTMENT OBJECTIVE


achieve long term growth of capital by investing in

equity ang equity related securities through a research

based investment approach.

FUND DATA

Type ........................Open-ended Equity Growth Scheme

Date of allotment.......................................08/10/1995

Inception Date.............................................08/10/1995

Corpus:..............8106.62 crores (September 30, 2010)

Minimum Investment: Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter IP Plan- Rs 5 cr and in multiples of Re. 1 thereafter.............................................

Fund Manager...........................................Sunil Singhania

Entry Load*...............................................Retail Plan : Nil

......................................................Institutional Plan - Nil





* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

Benchmark. . . . . . . . . . . . . . . . . . . . . . . . . BSE 100

VOLATILITY MEASURES

Beta 0.8532


R Squared 0.8714

Sharpe Ratio 0.0219

Portfolio Turnover Ratio 0.50Note: The above measures have been calculated by taking rolling return for a

3 year period from 30/11/2007 with 6.83% Risk Free returns (taken as



Reliance Growth Fund-Growth Plan 494.1548

Reliance Growth Fund-Bonus Plan 81.9667

Reliance Growth Fund-Dividend Plan 60.5758

Reliance Growth Fund-Institutional Growth 497.9634

Reliance Growth Fund-Institutional Dividend 481.7830

PERFORMANCE OF RELIANCE GROWTH FUND

vs BSE 100 INDEX AS ON NOVEMBER 30, 2010



6 months 12.74 14.49

1 Year 21.93 15.32

3 Years 5.63 -0.33

5 Years 23.07 17.19


Past performance may or may not be sustained in future. Returns are of Retail Plan - Growth Plan. Returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV.

SPECIAL FEATURE


PORTFOLIO OF RELIANCE GROWTH FUND

as on November 30, 2010Holdings Weightage %Equities 93.00State Bank Of India 4.74Bank Of Baroda 4.28Lupin Ltd. 4.23ICICI Bank Ltd. 3.69E.I.D. Parry (India) Ltd. 3.02Jindal Saw Ltd. 2.94Reliance Industries Ltd. 2.43HCL Technologies Ltd. 2.20Infosys Technologies Ltd. 2.20Jindal Steel & Power Ltd. 2.14Oil & Natural Gas Corporation Ltd. 2.06Ranbaxy Laboratories Ltd. 2.06Divi's Laboratories Ltd. 1.94Tata Consultancy Services Ltd. 1.93Sintex Industries Ltd. 1.88Greaves Cotton Ltd. 1.88United Phosphorus Ltd. 1.80Strides Arcolab Ltd. 1.78Edelweiss Capital Limited 1.77Gujarat State Fertilizers & Chemicals Ltd. 1.70Maruti Suzuki India Ltd. 1.69Radico Khaitan Ltd 1.56Crompton Greaves Ltd. 1.52Gujarat Mineral Development Corp Ltd 1.51Bombay Dyeing & Manufacturing Co. Ltd. 1.44Federal Bank Ltd. 1.38Escorts Ltd. 1.38Bharti Airtel Ltd. 1.37Bajaj Holdings And Investment Ltd 1.35Ht Media Limited 1.29Jaiprakash Associates Ltd. 1.21BEML Limited 1.19Indiabulls Financial Services Ltd 1.16Orient Paper & Industries Ltd. 1.16United Spirits Ltd. 1.15Hindalco Industries Ltd. 1.05NTPC Ltd. 1.04Equity Less Than 1% Of Corpus 19.86Debt,Cash And Other Receivables 7.00Grand Total 100.00

DIVIDEND HISTORY

DateRate (Re/Unit)

Cum Dividend

NAV

*Ex-Dividend

NAV

3/21/2000 10.00 40.89 30.90

2/18/2003 2.00 22.61 20.67

7/18/2003 3.00 27.96 24.47

10/9/2003 3.00 34.67 31.80

12/18/2003 6.00 41.1 35.28

3/12/2004 7.50 34.67 27.17

10/19/2004 3.00 33.61 30.37

12/24/2004 2.50 37.34 34.91

3/29/2005 5.00 36.21 31.80

12/19/2005 3.00 50.83 47.63

3/29/2006 7.50 57.77 50.90

10/30/2006 2.50 55.58 53.08

3/12/2007 7.50 54.09 47.16

8/17/2007 3.50 54.72 52.04

3/19/2008 6.50 54.53 47.42

3/20/2009 2.00 29.72 28.60

10/31/2009 5.00 53.40 46.98

3/30/2010 2.50 56.29 53.84

Past performance may or may not be sustained in future;

Dividend distribution is subject to availability & adequacy of

distributable surplus. The Mutual Fund is not assuring that it

will make periodical dividend distributions, though it has every

intention of doing so. After the payment of dividend, the per unit

NAV falls to the extent of the dividend payout and distribution

taxes, if any. Performance of dividend plan/option would be net

of applicable statutory levy , if any.

* NAV on the 1st transaction day after Record Date, which

includes the mark to market impact also.

SIP RETURN as on November 30, 2010

Period 1 Year 3 Year 5 Year Since inceptionSIP Start Date 12/1/2009 12/1/2007 12/1/2005 10/8/1995Current NAV (As on 30/11/2010) 494.15 494.15 494.15 494.15Total No. of units accumulated 26.0378 108.1002 205.0269 6214.3747Total Amount Invested in Rs. 12000.00 36000.00 36000.00 182000.00Market Value if invested in Scheme in Rs. 12866.72 53418.21 101315.02 3070863.10Market Value if invested in Benchmark in Rs. 12915.86 48689.05 87185.22 755714.21Return on SIP in Scheme 14.34% 27.86% 21.28% 32.69%Return on SIP in Benchmark (BSE 100) 15.17% 20.98% 15.08% 17.05%Past performance may or may not be sustained in future.

Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting o1ut of uniform and regular monthly subscriptions have been worked

out on "Excel" spreadsheet function known as XIRR


c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please be noted that

load has not been taken into consideration.

d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the

concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does

not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other

investments. SIP does not guarantee or assure any protection against losses in declining market conditions.




NOVEMBER 30, 2010


figures in %


Reliance

Long Term

Equity FundINVESTMENT OBJECTIVE


seek to generate long term capital appreciation &

provide long-term growth opportunities by investing in

a portfolio constituted of equity & equity related

securities and Derivatives and the secondary objective is

to generate consistent returns by investing in debt and


FUND DATA

Type. . . . An Open Ended Diversified Equity Scheme


Inception Date . . . . . . . . . . . . . . . . . . 27/12/2006


Minimum Investment ..................................Rs 5,000 and in multiples of Re.1 thereafter..........................................

Fund Manager . . . . . . . . . . . . . . . . . .Sunil Singhania

Assistant Fund Manager (w.e.f 1st Sep 2010): .........................................................................Samir Rachh

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load : 1% if redeeemed/switched out on or before completion of 1 year from the date of alotment of units

Nil if redeemed/switched out after completion of 1 year from the date of allotment of units



VOLATILITY MEASURES

Beta 0.7329


R Squared 0.755

Sharpe Ratio 0.0174


Note: The above measures have been calculated by taking rolling return for a


91days T-bill yield as on 30/11/2010).


RELIANCE LONG TERM EQUITY FUND

- Growth Plan

16.8828

RELIANCE LONG TERM EQUITY FUND

- Dividend Plan

16.8828

PERFORMANCE OF RELIANCE LONG TERM EQUITY

FUND vs BSE 200 INDEX AS ON

NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 19.83 14.80

1 year 33.35 16.43

3 year 4.58 -0.04

5 year N.A N.A



Growth Plan. Returns less than one year are absolute returns and returns more

than one year are compounded annualized returns. Calculations assume all

payouts during the period have been reinvested in the units of the scheme at

the prevailing NAV.

PORTFOLIO OF RELIANCE LONG TERM

EQUITY FUND



EQUITY 97.56

Rallis India Ltd. 5.70

Wabco TVs India Ltd 5.66

Greaves Cotton Ltd. 4.48

Unichem Laboratories Limited 4.14


Abbott India Ltd 3.80

Bank Of Baroda 3.61

Oriental Hotels Limited 3.39

Bombay Rayon Fashions Ltd. 2.96

Lakshmi Machine Works Ltd. 2.90

Tube Investments Of India Limited 2.75

Gujarat Narmada Valley Fertilisers Co. Ltd. 2.74

Era Infra Engineering Limited 2.64


Jsl Stainless Ltd 2.33

United Phosphorus Ltd. 2.14

Sintex Industries Ltd. 2.13

CCL Products India Limited 2.01

India Cements Ltd. 1.98

Sundaram Finance Limited 1.93

Karnataka Bank Ltd 1.93

Anant Raj Ind Ltd. 1.90

Nirma Ltd. 1.86

Rain Commodities Limited 1.83

Time Technoplast Limited 1.82

Gulf Oil Corporation Ltd. 1.61

Astra Microwave Products Ltd 1.54

Kirloskar Oil Engines Ltd 1.50

Sarda Energy And Minerals Limited 1.44

Essel Propack Ltd. 1.32

Everest Industries Limited 1.24

Mindtree Limited 1.23

Finolex Industries Ltd. 1.17

3I Infotech Limited 1.17

Hinduja Ventures Ltd. 1.16

PSL Ltd. 1.12

Triveni Engeering & Industries Ltd. 1.07


Spicejet Limited 1.06



Grand Total 100.00




figures in %


NOVEMBER 30, 2010


Reliance

Small Cap FundINVESTMENT OBJECTIVE


generate long term capital appreciation by investing

predominantly in equity and equity related instruments

of small cap companies and the secondary objective is

to generate consistent returns by investing in debt and


FUND DATA

Type. . . . . . . . . . . . .An Open Ended Equity Scheme


Inception Date . . . . . . . . . . . . . . . . . . 21/09/2010

Corpus: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N.A.

Minimum Investment ........................................Rs 5,000

and in multiples of Re.1 thereafter...................................


Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load : 2%- If redeemed or switched out on or before

completion of 12 months from the date of allotment of

units

on or before completion of 24 months from the date of

allotment of units

of 24 months from the date of allotment of units


168230/09 dated June 30, 2009, no entry load will be

charged by the Scheme to the investor effective August 1,

2009. Upfront commission shall be paid directly by the

investor to the AMFI registered Distributors based on the

investors' assessment of various factors including the

service rendered by the distributor

Benchmark. . . . . . . . . . . . . . . . . . . BSE SMALL CAP


RELIANCE SMALL CAP FUND

-Growth Plan

10.0445


-Bonus Plan

10.0446


-Dividend Plan

10.0446

PERFORMANCE OF RELIANCE SMALL CAP FUND

vs BSE SMALL CAP FUND AS ON NOVEMBER 30,

2010



Since Inception 0.52 -4.24Past performance may or may not be sustained in future. Returns are of

Growth Plan. Returns less than one year are absolute returns and returns more

than one year are compounded annualized returns. Calculations assume all

payouts during the period have been reinvested in the units of the scheme at

the prevailing NAV.

PORTFOLIO OF RELIANCE SMALL CAP FUND



Equities 44.94

Fag Bearings India Limited 2.58

Dhanalaxmi Bank Ltd 2.47

Unichem Laboratories Limited 2.44


JBF Industries Limited 2.00

Take Solutions Ltd 1.93

Strides Arcolab Ltd. 1.92

Ashoka Buildcon Limited 1.91

Indoco Remedies Limited 1.74

Prestige Estates Projects Ltd 1.67

Atul Ltd 1.53

Indosolar Limited 1.48

Orient Paper & Industries Ltd. 1.47

Career Point Infosystems Ltd 1.42

Mercator Lines Limited 1.40

Solar Industries (I) Ltd 1.40

United Breweries Holdings Ltd. 1.33

ICRA Ltd 1.31

Nahar Spinning Mills Ltd. 1.25

Usha Martin Ltd. 1.23

Greaves Cotton Ltd. 1.13

Excel Crop Care Ltd 1.08

Kaveri Seed Company Limited 1.04



Grand Total 100.00




NOVEMBER 30, 2010


figures in %

Equity: Diversified Multi Cap

Reliance

Regular Savings Fund - Equity Option


The primary investment objective of this option is to

seek capital appreciation and or to generate consistent

returns by actively investing in equity / equity related

securities.

FUND DATA

Type. . . . . . . . . . . . . . . . . . . . Open-ended scheme


Inception Date . . . . . . . . . . . . . . . . . . 09/06/2005

Corpus . . . Rs. 3275.32 crore (September 30, 2010)

Minimum Investment . . . Rs 500 & in multiples of Re 1

Fund Manager . . . . . . . . . . . . . . Omprakash Kuckian

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . ......(w.e.f 24th August 2009)

-pletion of 1 year from the date of allotment of units


*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distrib


VOLATILITY MEASURES

Beta 0.9054


R Squared 0.855

Sharpe Ratio 0.0448


Note: The above measures have been calculated by taking rolling

return for a 3 year period from 30/11/2007 with 6.83% Risk

Free returns (taken as 91days T-bill yield as on 30/11/2010)


Reliance Regular Savings Fund Equity Plan

- Growth Plan

32.6214

Reliance Regular Savings Fund Equity Plan

-Dividend Plan

25.4267

PERFORMANCE OF RELIANCE REGULAR SAVINGS

- EQUITY OPTION FUND VS BSE 100 INDEX AS ON

NOVEMBER 30, 2010



6 months 16.54 14.49

1 Year 22.77 15.32

3 yrs 11.00 -0.33

5 Years 26.56 17.19


Past performance may or may not be sustained in future. Returns are of growth plan. returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. calculations assume all payouts during the period have been reinvested in the units of the

scheme at the prevailing nav.

SPECIAL FEATURE


PORTFOLIO OF RELIANCE REGULAR SAVINGS FUND –

EQUITY OPTIONas on November 30, 2010


Equities 93.16






Mphasis Limited 3.03




Irb Infrastructure Developers Ltd 2.38

Biocon Limited 2.33




Cipla Ltd. 2.05

Torrent Pharmaceuticals Limited 2.01

Federal Bank Ltd. 1.99


Exide Industries Ltd. 1.93

Wipro Ltd. 1.88


Indiabulls Real Estate Limited 1.84


Indian Bank 1.67

Oriental Bank Of Commerce 1.65

Bombay Rayon Fashions Ltd. 1.60

Gammon India Ltd. 1.58

Lupin Ltd. 1.53

Motherson Sumi Systems Ltd. 1.41

Phoenix Mills Limited 1.39

Jindal Saw Ltd. 1.39


Piramal Healthcare Limited 1.28


Db Corp Limited 1.09

Arshiya International Ltd. 1.09

Ptc India Limited 1.08

Pipavav Shipyard Limited 1.05

Nilkamal Limited 1.00

Adani Enterprises Limited 1.00


Debt,Cash And Other Receivables 6.84

Grand Total 100.00

DIVIDEND HISTORY

Date Rate (Re/

Unit)

Cum

Dividend

NAV

*EX

Dividend

NAV

24-Jul-09 5 22.6391 17.7355


future; Dividend distribution is subject to availability

& adequacy of distributable surplus. The Mutual Fund

is not assuring that it will make periodical dividend

distributions, though it has every inte

SIP RETURN



SIP Start Date 12/1/2009 12/1/2007 12/1/2005 6/9/2005

Current NAV (As on 30/11/2010) 32.62 32.62 32.62 32.62








Assumptions:

a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular

monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR


c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the

first installment. It may please be noted that load has not been taken into consideration.

d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for

illustrative purposes for understanding the concept of SIP. This illustration should not be construed as a promise, guarantee on or a

forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure any safeguard of capital and the

illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other

investments. SIP does not guarantee or assure any protection against losses in declining market conditions.



NOVEMBER 30, 2010



figures in %

Reliance

Equity Opportunities

FundINVESTMENT OBJECTIVE


seek to generate capital appreciation & provide long-

term growth opportunities by investing in a portfolio

constituted of equity securities & equity related

securities and the secondary objective is to generate

consistent returns by investing in debt and money

market securities.

Equity: Diversified Multi Cap FUND DATA



Inception Date . . . . . . . . . . . . . . . . . . 31/03/2005

Corpus . . . . . 2792.43 crore (September 30, 2010)Minimum Investment . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter ...........................Institutional Plan- Rs 5 cr and in multiples of Re. 1 thereafter

Fund Manager . . . . . . . . . . . . . . . . .Sailesh Raj Bhan

Assistant Fund Manager (w.e.f 1st Sep 2010): ......................................................................Viral Berawala

Entry Load* . . Retail Plan ; Nil Institutional Plan ; Nil

Exit Load . . . . . . . . ......(w.e.f. from 24th Aug 2009)






VOLATILITY MEASURES

Beta 0.8748


R Squared 0.8772

Sharpe Ratio 0.0353

Portfolio Turnover Ratio 0.77Note: The above measures have been calculated by taking rolling return for




Reliance Equity Opportunities Fund-Growth Plan

37.2717

Reliance Equity Opportunities Fund-Bonus Plan

37.2718

Reliance Equity Opportunities Fund-Dividend Plan

26.3279

Reliance Equity Opportunities Fund-Institutional Dividend

37.3410

PERFORMANCE OF RELIANCE EQUITY

OPPORTUNITIES FUND VS BSE 100 INDEX AS ON

NOVEMBER 30, 2010



6 months 20.49 14.49

1 Year 38.61 15.32

3 Years 8.36 -0.33

5 years 22.68 17.19

Since Inception 26.25 21.04Past performance may or may not be sustained in future.

Returns are of retail plan - growth plan. returns less than one

year are absolute returns and returns of one year and more are

compounded annualized returns. calculations assume all payouts

during the period have been reinvested in the units of the


SPECIAL FEATURE


PORTFOLIO OF RELIANCE EQUITY OPPORTUNITIES

FUND


Holdings Weightage %Equity 93.01Aventis Pharma Ltd. 4.78Trent Limited 4.09State Bank Of India 3.68Maruti Suzuki India Ltd. 3.67Infosys Technologies Ltd. 3.48Dish TV India Limited 3.45Divi's Laboratories Ltd. 3.43Tata Consultancy Services Ltd. 3.40Info Edge India Limited 3.21Larsen & Toubro Ltd. 3.08HCL Technologies Ltd. 2.98Indian Metal And Ferro Alloys Limit 2.75Bharti Airtel Ltd. 2.66Shoppers Stop Limited 2.52Torrent Power Limited 2.50Cummins India Ltd. 2.37Cox And Kings Ltd 2.27ICICI Bank Ltd. 2.21Siemens Ltd. 2.00Rain Commodities Limited 2.00Ashok Leyland Ltd. 1.91Unichem Laboratories Limited 1.82Coal India Ltd 1.67HDFC Bank Ltd. 1.61Graphite India Limited 1.51Bosch Limited 1.51

Hathway Cable And Datacom Limited 1.32

Pidilite Industries Ltd. 1.32Hindustan Unilever Ltd. 1.31Coromandel International Ltd. 1.26Motherson Sumi Systems Ltd. 1.22

Hindustan Media Ventures Limited 1.22Sasken Communication Technologies 1.21Alstom Projects India Ltd. 1.14Nava Bharat Ventures Limited 1.08Equity Less Than 1% Of Corpus 11.36

Warrants,Preference Shares,Cash And Other Receivables

6.99

Grand Total 100.00

DIVIDEND HISTORY

Date Rate

(Re/

Unit)

Cum

Dividend

NAV

*EX

Dividend

NAV

7-Aug-06 1.00 16.41 15.41

1-Feb-07 1.50 20.88 19.53

19-Mar-08 1.50 18.19 16.56

24-Jul-09 2.00 17.1017 15.2886









* NAV on the 1st transaction day after Record Date, which

includes the mark to market impact also.

SIP RETURN



SIP Start Date 12/1/2009 12/1/2007 12/1/2005 3/31/2005

Current NAV (As on 30/11/2010) 37.27 37.27 37.27 37.27



Market Value of Scheme in Rs. 13694.67 61347.05 107713.66 137865.93





Assumptions:


b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the

first installment. It may please be noted that load has not been taken into consideration.d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for

illustrative purposes for understanding the concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. SIP does not guarantee or assure any protection against losses in declining market conditions.



NOVEMBER 30, 2010



figures in %

Equity: Balanced

Reliance

Regular Savings Fund - Balanced Option



generate consistent returns and appreciation of capital

by investing in a mix of securities comprising of equity,

equity related instruments & fixed income instruments.

FUND DATA

Type. . . . . . . . . . . . . . . . . . . . . Open-ended scheme


Inception Date . . . . . . . . . . . . . . . . . . 09/06/2005

Corpus . . . Rs. 725.15 crore (September 30, 2010)Minimum Investment . . . Rs 500 & in multiples of Re 1 thereafter ......................................................................................

Fund Manager . . .Omprakash Kuckian & Amit Tripathi

Weighted Average YTM: ...................................... 2.43%

Modified Duration: ............................................131 Days

Weighted Avg. Maturity: ..................................156 Days

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . ......(w.e.f 24th August 2009)



*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distrib

Benchmark. . . . . . . . . . . . Crisil Balanced Fund Index

VOLATILITY MEASURES

Beta 0.6771


R Squared 0.8893

Sharpe Ratio 0.0575


Note: The above measures have been calculated by taking

rolling return for a 3 year period from 30/11/2007 with

6.83% Risk Free returns (taken as 91days T-bill yield as

on 30/11/2010)


Reliance Regular Savings Fund

Balanced Plan - Growth Plan23.4245


Balanced Plan - Dividend Plan16.4229


FUND - BALANCED OPTION vs CRISIL BALANCED

FUND INDEX ON NOVEMBER 30, 2010

PeriodReturns of


Benchmark (%)

6 months 15.01 10.86

1 Year 25.56 12.50

3 Years 14.06 3.93

5 Years N.A N.A


Inception date: 13/01/2007


Growth Plan. Returns less than one year are absolute returns and returns of

one year and more are compounded annualized returns. Calculations assume

all payouts during the period have been reinvested in the units of the scheme

at the prevailing NAV.

Reliance Regular Savings Fund - Hybrid Option was launched on June 9, 2005

and subsequently Hybrid Option has been changed to Balanced Option w.e.f.

January 13, 2007.Consequently, Benchmark of Reliance Regular Saving Fund

Balanced option has been changed to Crisil Balanced Fund Index from Crisil

MIP Index with effect from February 21, 2007. Accordingly performance of

the scheme is from January 13, 2007.

SPECIAL FEATURE


PORTFOLIO OF RELIANCE REGULAR SAVINGS

FUND- BALANCED OPTION


Holdings Weightage (%)

Equities 71.37



Coal India Ltd 3.88

Areva T & D India Ltd 3.76

Patni Computers System Ltd. 3.56



HDFC Bank Ltd. 2.79



Oberoi Realty Limited 2.31



Power Finance Corporation Limited 2.06

UTV Software Communications Ltd. 1.93


Trent Limited 1.82


Kingfisher Airlines Ltd 1.63


Dish TV India Limited 1.58


GIC Housing Finance Limited 1.48

Petronet Lng Ltd 1.45

Thomas Cook (India) Ltd. 1.45


Max India Limited 1.28

Indian Oil Corporation Ltd. 1.27

Idbi Bank Ltd 1.20

Infinite Computersolution India Ltd 1.13




Certificate Of Deposit 9.52

HDFC Bank Ltd. 5.38

State Bank Of Patiala 2.97

Canara Bank 1.17

Floating Rate Note 3.07


Govt Securities(Gse) 4.77

7.17% Goi (Md 14/06/2015) 4.16

7.40% Goi 2012

(M/D.03/05/2012)0.61

Non Convertible Debentures. 9.22

Lic Housing Finance Ltd. 3.12

Citifinancial Consumer Finance India

Limited3.03

Reliance Capital Ltd. 1.87


Index/Stock Futures -1.21

Idbi Bank Ltd December 2010 Future -1.21


Grand Total 100.00

DIVIDEND HISTORY

Date Rate

(Re/

Unit)

Cum

Dividend

NAV

*EX

Dividend

NAV

30-Mar-10 2.5 16.9448 14.4334

24-Jul-09 3 16.9172 13.9043Past performance may or may not be sustained in future; Dividend distribution is subject to availability & adequacy

of distributable surplus. The Mutual Fund is not assuring that it will make

periodical dividend distributions, though it has every intention of doing so. After

the payment of dividend, the per unit NAV falls to the extent of the dividend

payout and distribution taxes, if any. Performance of dividend plan/option

would be net of applicable statutory levy , if any.





NOVEMBER 30, 2010



figures in %

Equity: Diversified Theme Based

Reliance

Infrastructure FundINVESTMENT OBJECTIVE


generate long term capital appreciation by investing

predominantly in equity ang equity related instruments

of companies engaged in infrastructure and infrastructure

related sectors and which are incorporated or have their

area of primary activity, in India and the secondary

objective is to generate consistent returns by investing

in debt & money market securities

FUND DATA

Type. . . . . . . . . . . . . . . Open-ended Equity Scheme


Inception Date . . . . . . . . . . . . . . . . . . 20/07/2009

Corpus . ....... . 1639.13 crore (September 30, 2010)

Minimum Investment . . . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter ...............................Institutional Plan- Rs 5 cr and in multiples of Re. 1 thereafter...................


Entry Load* ............................................... Retail Plan : Nil ....................................................... Institutional Plan : Nil

Exit Load . . . . . . . ......Retail Plan & Institutional Plan




Benchmark. . . . . . . . . . . . . . . . . . . . . . . . . . BSE100

NAV AS ON NOVEMBER 30, 2010 Rs.

Reliance Infrastructure Fund

-Retail Growth Plan

10.6654


-Retail Bonus Plan

10.6654


-Retail Dividend Plan

10.6654


-Institutional Growth Plan

10.6842


-Institutional Dividend Plan

10.6842

PERFORMANCE OF RELIANCE INFRASTRUCTURE

FUND vs BSE100 AS ON NOVEMBER 30, 2010

PeriodReturns of


Benchmark (%)

6 months -2.19 14.49

1 Year -3.75 15.32

3 Years N.A N.A

5 Years N.A N.A



future. Returns are of Retail Plan - Growth Plan.

Returns less than one year are absolute returns and

returns of one year and more are compounded annual-

ized returns. Calculations assume all payouts during the

period have been reinvested in the units of the scheme


SPECIAL FEATURE


PORTFOLIO OF RELIANCE INFRASTRUCTURE FUND



Equities 95.87

Era Infra Engineering Limited 6.86

Spml Infra Ltd. 5.63







NTPC Ltd. 3.59

Jayaswal Neco Industries Ltd 3.58


Company Ltd.3.51

Hindustan Construction Co. Ltd. 3.32


KSB Pumps Ltd. 2.81

Nagarjuna Construction Co. Ltd. 2.68

Gayatri Projects Limited 2.67

Marg Limited 2.65


PSL Ltd. 2.01


MBL Infrastructures Limited 1.87

Patel Engineering Limited 1.82

Beml Limited 1.79


Il&Fs Transportation Networks Ltd 1.71

GVK Power & Infrastructure Ltd 1.66


Sobha Developers Limited 1.45

Diamond Power Infrastructure Ltd 1.41

Texmaco Rail & Engineering Ltd. 1.38

Hindustan Zinc Ltd. 1.29




Grand Total 100.00

VOLATILITY MEASURES

Beta 0.876


R Squared 0.7663



Note: The above measures have been calculated by taking

rolling return for a 3 year period from 30/11/2007 with

6.83% Risk Free returns (taken as 91days T-bill yield as

on 30/11/2010)



NOVEMBER 30, 2010


(Domestic)


(Overseas)

figures in %


Industry Classification as per MSCI.

Equity: Diversified Theme Based

Reliance

Natural Resources



seek to generate capital appreciation & provide long-

term growth opportunities by investing in companies

principally engaged in the discovery, development,

production, or distribution of natural resources and the

secondary objective is to generate consistent returns by

investing in debt and money market securities.

FUND DATA

Type. . . . . . . . . . . . . . . Open-ended Equity Scheme


Inception Date . . . . . . . . . . . . . . . . . . 26/02/2008Corpus . . . Rs 2974.06 crore (September 30, 2010)

Minimum Investment . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter

Institutional Plan- Rs 5 cr and in multiples of Re. 1 thereafter.............................................................................

Fund Manager . . . . . . . Ashwani Kumar,Shiv Chanani

Entry Load* . . . . . . . . . . . . . . . . . . . .Retai Plan : Nil

........................................................Institutional Plan : Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .





Benchmark ........ A custom benchmark created using the BSE-200 to the extent of 65% of portfolio and MSCI World Energy Index for balance 35% of the portfolio.

VOLATILITY MEASURES

BETA 0.7457

STANDARD DEVIATION 3.6319

R SQUARED 0.8418

SHARPE RATIO 0.0014

PORTFOLIO TURNOVER RATIO 1.28Note: The above measures have been calculated by taking rolling return since

inception with 6.83% Risk Free returns (takan as 91days T-bill yield as on

30/11/2010)


RELIANCE NATURAL RESOURCES FUND-

Retail Growth Plan

10.6117


Retail Bonus Plan

10.6117


Retail Dividend Plan

10.6117

PERFORMANCE OF RELIANCE NATURAL RESOURCES

FUND vs BENCHMARK* AS ON NOVEMBER 30, 2010



6 months 12.71 14.27

1 year 6.03 10.14

3 Years N.A. N.A.

5 Years N.A. N.A.

Since Inception 1.64 -0.95


Returns of Retail Plan- Growth Plan. Returns less than one year are absolute

returns and returns of one year and more are compounded annualized returns.

Calculations assume that all payouts during the period have been reinvested in

the units of the scheme at the then prevailing NAV.

A custom benchmark created using the BSE-200 to the extent of 65% of

portfolio and MSCI World Energy Index for balance 35% of the portfolio.

SPECIAL FEATURE


PORTFOLIO OF RELIANCE NATURAL RESOURCES

FUND



Equities 64.18




Coal India Ltd 5.46



Cairn India Limited 3.14

Beml Limited 3.04


Gujarat State Fertilizers & Chemicals

Ltd.2.59

Gujarat Narmada Valley Fertilisers Co.

Ltd.2.49


Indian Oil Corporation Ltd. 2.38




Advanta India Limited 1.30




International Equity Shares 28.79

Potash Corp Of Saskatchewan Inc 3.80

Peabody Energy Corp 3.10

Caterpillar Inc 2.65

Mosaic Company Limited 2.52

Arcellor Mittal 2.49

Csx Corp 2.28

Bp Plc 2.11

Atlas Energy Inc- Usd 1.90

Jgc Ord 1.70

Riversdale Mining Limited 1.55

Paladin Energy Limited 1.55

Macarthur Coal Ltd 1.36

Agrium Ord 1.28

Alumina Ltd 0.45

Molycorp Inc 0.05

Overseas ETFs 4.36

Market Vectors Agribusiness-Etf 4.36


Grand Total 100.00


Equity: Sector

Reliance

Banking FundINVESTMENT OBJECTIVE


seek to generate continous returns by actively investing

in equity and equity related or fixed income securities

of companies in the Banking Sector

FUND DATA

Type. . . . . . . . Open-ended Banking Sector Scheme


Inception Date . . . . . . . . . . . . . . . . . . 28/05/2003

Corpus: . . . . .1502.65 crore (September 30, 2010)

Minimum Investment . . . ...............................................Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Institutional Plan- Rs 5 cr and in multiples of Re. 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fund Manager ............................................Sunil Singhania

Assistant Fund Manager (w.e.f. 1st Sep 2010): ......................................................................Shrey Loonker

Entry Load* ...................................Retail : Nil .............................................................................Institutional Plan : Nil

Exit Load .......................... (w.e.f. from 24th Aug 2009)




Benchmark. . . . . . . . . . . . . . . . S&P CNX Bank Index

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the

distributor

PORTFOLIO OF RELIANCE BANKING FUND


HoldingsWeigh

tage %

Equities 89.53

State Bank of India 15.44



Bank of Baroda 7.02

HDFC Bank Ltd. 6.56

Canara Bank 6.50

Bajaj Finance Ltd. 6.26

Oriental Bank Of Commerce 6.12

Federal Bank Ltd. 4.34

ING Vysya Bank Ltd. 2.93

Bank of India 2.48

Indiabulls Financial Services Ltd 2.42

Axis Bank Limited 2.07

Punjab National Bank 1.98

Kotak Mahindra Bank Ltd. 1.71

Cholamandalam Invt And Fin Co. Ltd. 1.40

Reliance Capital Ltd. 1.08

Equity Less than 1% Of Corpus 0.89

Debt,Cash and other Receivables 10.47

Grand Total 100.00

VOLATILITY MEASURES

Beta 0.9793


R Squared 0.7725

Sharpe Ratio 0.0858






RELIANCE BANKING FUND

-Retail Growth Plan

114.1158


-Retail Bonus Plan

114.1154


-Retail Dividend Plan

45.5302


-Institutional Growth Plan

10.2438

DIVIDEND HISTORY

Date Rate

(Re/ Unit)

Cum

Dividend

NAV

*EX

Dividend

NAV

11/25/2003 1.00 13.32 12.31

3/28/2005 3.00 23.26 19.94

12/29/2005 4.00 25.05 21.35

3/30/2006 5.00 21.16 16.32

2/21/2007 2.00 19.57 17.24

11/5/2007 2.00 27.85 25.85

8/28/2009 2.00 27.26 25.26“Past performance may or may not be sustained in the future; Dividend

distribution is subject to availability & adequacy of distributable surplus. The

Mutual Fund is not assuring that it will make periodical dividend distributions,

though it has every intention of doing so. After the payment of dividend, the

per unit NAV falls to the extent of the dividend payout and distribution taxes,

if any. Performance of dividend plan/option would be net of applicable

statutory levy , if any.

* NAV on the 1st transaction day after Record Date, which includes the

mark to market impact also. “

PERFORMANCE OF RELIANCE BANKING FUND VS

S&P CNX BANK INDEX AS ON NOVEMBER 30,

2010



6 months 36.50 33.82

1 Year 50.03 36.33

3 Years 22.91 9.94

5 Yrs 30.08 24.06


Past performance may or may not be sustained in future. "Returns are of





SIP RETURN



SIP Start Date 12/1/2009 12/1/2007 12/1/2005 5/28/2003

Current NAV (As on 30/11/2010) 114.12 114.12 114.12 114.12



Market Value if invested in Scheme Rs. 15436.06 70329.31 146938.55 347917.45



Return on SIP in Benchmark (S&P CNX Banks Index) 48.80% 42.21% 29.00% 28.29%


a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly

subscriptions have been worked out on "Excel" spreadsheet function known as XIRR


c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment.

It may please be noted that load has not been taken into consideration.

d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative

purposes for understanding the concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any

minimum returns. The Mutual Fund or the Investment Manager does not assure any safeguard of capital and the illustrated returns are not

necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. SIP does not guarantee

or assure any protection against losses in declining market conditions.


NOVEMBER 30, 2010

figures in %


Equity: Sector

Reliance

Diversified Power

Sector FundINVESTMENT OBJECTIVE


seek to generate continous returns by actively investing

in equity and equity related or fixed income securities

of Power and other associated companies

FUND DATA

Type. . . . . . . . . .Open-ended Power Sector Scheme

Date of allotment: . . . . . . . . . . . . . . . 08/05/2004

Inception Date . . . . . . . . . . . . . . . . . . 10/05/2004

Corpus: . . 5021.12 crore (September 30, 2010)

Minimum Investment . . Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter Institutional Plan- Rs 5 cr and in multiples of Re. 1 thereafter . . . . . . . . . . . . .


Entry Load* . . . . . . . . . . . . . . Retail Plan Nil

Institutional Plan Nil

Exit Load . . . . . . . ...... (w.e.f. from 24th Aug 2009)





Benchmark. . . . . . . . . . . . . . . . . . India Power Index

PORTFOLIO OF RELIANCE

DIVERSIFIED POWER SECTOR FUND


Holdings Weigh

tage %

Equities 94.65





PTC India Limited 4.21

Siemens Ltd. 4.12


Crompton Greaves Ltd. 3.76





NTPC Ltd. 3.04

JSL Stainless Ltd 2.76


Adani Power Limited 2.51

Thermax India Ltd. 2.24

Sterlite IndustRies Ltd. 2.24

BGR Energy Systems Limited 1.97

KEC International Ltd. 1.95

Sterlite Technologies Ltd 1.94

Bajaj Electricals Limited 1.92


Company Ltd.

1.86

Alstom Projects India Ltd. 1.72

Reliance Power Limited 1.71

Kirloskar Brothers Ltd 1.43

Jyoti Structures Ltd. 1.33

Kirloskar Pneumatic Company Limited 1.15

Prakash Industries Limited 1.10

Apar Industries Ltd. 1.00

Equity Less Than 1% of Corpus 8.33

Derivatives,Cash and Other Receivables 5.35

Grand Total 100.00

VOLATILITY MEASURES

Beta 0.839


R Squared 0.8874

Sharpe Ratio 0.0034


Note: The above measures have been calculated by taking rolling return for




Reliance Diversified Power Sector Fund-Growth Plan

81.0563

Reliance Diversified Power Sector Fund-Bonus Plan

81.0563

Reliance Diversified Power Sector Fund-Dividend Plan

47.8494

Reliance Diversified Power Sector Fund-Institutional Growth Plan

79.3747

DIVIDEND HISTORY

Date Rate

(Re/ Unit)

Cum

Dividend

NAV

*EX Dividend

NAV

12/29/2005 4.00 22.7957 18.9886

2/21/2007 2.50 30.4120 27.4754

8/17/2007 3.00 35.0854 32.5381

3/28/2008 1.50 44.8514 42.1742

3/26/2009 2.00 27.1657 25.3848

3/30/2010 2.50 49.1336 46.7484

“Past performance may or may not be sustained in the future;Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy , if any.

* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. “

PERFORMANCE OF RELIANCE DIVERSIFIED POWER

SECTOR FUND VS INDIA POWER INDEX AS ON

NOVEMBER 30, 2010



6 months 4.10 -3.91

1 Year 7.05 -4.76

3 Years 2.36 -11.36

5 years 30.27 14.25

Since Inception 37.48 18.11Past performance may or may not be sustained in future. Returns are of





SIP RETURN

November 30, 2010


SIP Start Date 12/1/2009 12/1/2007 12/1/2005 5/10/2004

Current NAV (As on 30/11/2010) 81.06 81.06 81.06 81.06





Return on SIP in Scheme -1.00% 19.03% 23.46% 31.56%

Return on SIP in Benchmark (India Power Index) -15.46% 3.42% 7.30% 13.80%Past performance may or may not be sustained in future.




c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment.

It may please be noted that load has not been taken into consideration.







NOVEMBER 30, 2010

figures in %


FUND DATA

Type. . . .Open-ended Media & Entertainment Sector SchemeDate of allotment: . . . . . . . . . . . . . . . 30/09/2004Inception Date . . . . . . . . . . . . . . . . . . 07/10/2004Corpus . . . . . 112.05 crore (September 30, 2010)Minimum Investment . . . . . . . . . . . . . . . . . Rs 5,000 Fund Manager . . . . . . . . . . . . . . . . . Sailesh RajBhanEntry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . NilExit Load ................................(w.e.f 24th August 2009)


1 year from the date of allotment of units*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributorBenchmark. . . S&P CNX Media & Entertainment Index

PORTFOLIO OF RELIANCE MEDIA & ENTERTAINMENT FUND


Holdings Weightage

Equities 93.43

Dish TV India Limited 14.19

Zee Entertainment Enterprises Ltd 12.03

Hinduja Ventures Ltd. 9.14

Sun TV Network Limited 8.97


Jagran Prakashan Ltd 8.50

PVR Ltd. 8.10

HT Media Limited 5.91

Balaji Telefilms Ltd. 5.56

Hindustan Media Ventures Limited 5.16

Info Edge India Limited 3.49

UTV Software Communications Ltd. 3.38


Preference Shares,Cash And Other Receivables 6.57

Grand Total 100.00

VOLATILITY MEASURES

Beta 0.8637


R Squared 0.6679



Note: The above measures have been calculated by taking rolling return for




Reliance Media & Entertainment Fund-Growth Plan

30.2201

Reliance Media & Entertainment Fund-Bonus Plan

30.2202

Reliance Media & Entertainment Fund-Dividend Plan

21.7297

DIVIDEND HISTORY

Date Rate

(Re/ Unit)

Cum

Dividend

NAV

*EX

Dividend

NAV

12/29/2005 1.00 15.3538 14.5695

1/29/2007 2.50 23.2086 20.2771

3/28/2008 1.50 23.3321 21.6013

9/18/2009 1.50 18.4531 17.3196

"Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy , if any.

* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. "

NAV PERFORMANCE OF RELIANCE MEDIA & ENTERTAINMENT FUND VS S&P CNX MEDIA & ENTERTAINMENT INDEX AS ON NOVEMBER 30, 2010

PeriodReturns of


Benchmark (%)6 months 15.50 10.041 Year 24.76 16.653 Years -5.08 -9.195 years 14.79 12.69Since Inception 19.68 14.14Past performance may or may not be sustained in future. "Returns are of growth plan. returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV.

SIP Return

as on November 30, 2010Period 1 Year 3 Year 5 Year Since inceptionSIP Start Date 12/1/2009 12/1/2007 12/1/2005 10/7/2004Current NAV (As on 30/11/2010) 30.22 30.22 30.22 30.22

Total No. of units accumulated 425.16 1604.30 2735.49 3909.58Total Amount Invested in Rs. 12000.00 36000.00 60000.00 74000.00Market Value if invested in Scheme Rs. 12848.46 48482.09 82666.74 118147.86Market Value if invested in Benchmark in Rs. 12286.64 47733.26 75897.40 104364.50Return on SIP in Scheme 14.03% 20.67% 12.90% 15.13%Return on SIP in Benchmark (S&P CNX Media & Entertainment)

4.67% 19.54% 9.43% 11.10%



b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing NAV.c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment.

It may please be noted that load has not been taken into consideration.d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative

purposes for understanding the concept of SIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. SIP does not guarantee or assure any protection against losses in declining market conditions.

Equity: Sector

Reliance

Media &

Entertainment FundINVESTMENT OBJECTIVE


generate continous returns by investing in equity and

equity related or fixed income securities of Media &

Entertainment and other associated companies

Reliance

Pharma FundINVESTMENT OBJECTIVE


seek to generate consistent returns by investing in

equity and equity related or fixed income securities of

Pharma and other associated companies

FUND DATA

Type. . . . . . . . . . . . . .Open-ended Pharma Sector Scheme

Date of Allotment . . . . . . . . . . . . . . . . . . . . 05/06/2004

Inception Date . . . . . . . . . . . . . . . . . . . . . . 08/06/2004

Corpus . . .............. . 504.36 crore (September 30, 2010)

Minimum Investment . . . . . . . . . . . . . . . . . . . . . Rs 5,000

Fund Manager . . . . . . . . . . . . . . . . . . . . . . Sailesh Rajbhan

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . . ...... (w.e.f. 24th August 2009)

of 1 year from the date of allotment of units

year from the date of allotment of units






investors' assessment of various factors including the service

rendered by the distributor

Benchmark. . . . . . . . . . . . . . . . BSE - Health Care Index

PORTFOLIO OF RELIANCE PHARMA FUND



Equity 92.70



Sun Pharmaceutical Industries Ltd. 7.88

Wyeth Ltd. 6.87

Cipla Ltd. 6.82


Lupin Ltd. 5.54

Cadila Healthcare Ltd. 5.47

Astrazeneca Pharma India Ltd. 4.93

Indoco Remedies Limited 4.90

Biocon Limited 4.23

Sun Pharma Advance Research Co Ltd 4.00

Fulford India Limited 3.95

Zydus Wellness Ltd 3.89


NOVEMBER 30, 2010

figures in %


DIVIDEND HISTORY

Date Rate (Re/ Unit)

Cum Dividend

NAV

*EX Dividend

NAV12/19/2005 1.00 16.8681 15.8674

2/21/2007 1.50 19.1030 17.5537

3/19/2008 1.50 17.5487 15.9285

8/28/2009 1.50 25.4824 23.9825

Past performance may or may not be sustained in future: Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy, if any.

* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. “

PERFORMANCE OF RELIANCE PHARMA FUND VS BSE - HEALTH CARE INDEX AS ON NOVEMBER 30, 2010

Period Returns of Scheme (%)

Returns of Benchmark (%)

6 months 12.62 22.031 Year 42.86 38.083 Years 30.66 19.845 years 28.15 16.98Since Inception 30.43 18.06

Past performance may or may not be sustained in future."Returns are of Growth Plan. Returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV.


RELIANCE PHARMA FUND -Growth Plan 55.9886

RELIANCE PHARMA FUND -Bonus Plan 55.9892

RELIANCE PHARMA FUND -Dividend Plan 41.7600

VOLATILITY MEASURES

Beta: 0.6351


R Squared: 0.5883


Portfolio Turnover Ratio: 0.86


taking rolling return for a 3 year period from

30/11/2007 with 6.83% Risk Free returns (taken as


SIP RETURN


Period 1 Year 3 Year 5 Year Since

inception

SIP Start Date 12/1/2009 12/1/2007 12/1/2005 6/8/2004

Current NAV (As on 30/11/2010) 55.99 55.99 55.99 55.99






Return on SIP in Benchmark (BSE HC) 42.26% 35.29% 21.90% 19.54%





c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first

installment. It may please be noted that load has not been taken into consideration.






Equity: Sector

Reliance

Pharma Fund

Equity: Tax Saver

Reliance

Tax Saver (ELSS)


The primary objective of the scheme is to generate long

term capital appreciation from a portfolio that is

invested predominantly in equity and equity related

instruments.

FUND DATA

Type. . . . . . .Open-ended Equity Linked Savings Scheme


Inception Date . . . . . . . . . . . . . . . . . . 22/09/2005


Minimum Investment . . Rs. 500 & in multiples of Rs

500 thereafter

Fund Manager . . . . . . . . . . . . . . . . . Ashwani Kumar

Assistant Fund Manager (w.e.f 1st Sep 2010):

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Viral Berawala

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil








distributor


PORTFOLIO OF RELIANCE TAX SAVER (ELSS) FUND


HoldingsWeigh

tage %

Equity 94.50

State Bank of India 7.59

Eicher Motors Ltd. 4.91



Indian Metal And Ferro Alloys Limit 3.43

Siemens Ltd. 3.08



Federal Mogal Goetze Ltd. 2.80

HDFC Bank Ltd. 2.75



Bajaj Finance Ltd. 2.47

Swaraj Engines Ltd 2.47


Madras Cements Limited 2.36

Swaraj Mazda Ltd. 2.24


NOVEMBER 30, 2010

figures in %

Torrent Pharmaceuticals Limited 3.53

Glaxosmithkline Pharmaceuticals Ltd. 2.19

Apollo Hospitals Enterprise Ltd 1.91

Fresenius Kabi Oncology Ltd 1.54


Derivatives,Cash And Other Receivables 7.30

Grand Total 100.00


Equity: Tax Saver

Reliance

Tax Saver (ELSS)

Fund

VOLATILITY MEASURES

Beta 0.8084


R Squared 0.8597

Sharpe Ratio 0.0195






RELIANCE TAX SAVER (ELSS) FUND-Growth Plan 22.0039

RELIANCE TAX SAVER FUND-Dividend Plan 17.1541

DIVIDEND HISTORY

DateRate (Re/

Unit)

Cum

Dividend

NAV

*EX

Dividend

NAV

28-Aug-09 1.50 13.55 12.05

21-Feb-07 1.00 14.69 13.52

5-Nov-07 1.00 17.08 16.08

“Past performance may or may not be sustained in future; Dividend

distribution is subject to availability & adequacy of distributable surplus. The

Mutual Fund is not assuring that it will make periodical dividend distributions,

though it has every intention of doing so. After the payment of dividend, the

per unit NAV falls to the extent of the dividend payout and distribution taxes,

if any. Performance of dividend plan/option would be net of applicable

statutory levy , if any.


to market impact also. “

PERFORMANCE OF RELIANCE TAX SAVER (ELSS)

FUND VS BSE 100 INDEX AS ON NOVEMBER 30, 2010


Returns of Benchmark (%)

6 months 17.29 14.49

1 Year 29.56 15.32

3 years 5.25 -0.33

5 years 16.34 17.19


"Returns are of Growth Plan. Returns less than one year are absolute returns

and returns of one year and more are compounded annualized returns

Calculations assume all payouts during the period have been reinvested in the

units of the scheme at the prevailing NAV. Past performance may or may not

be sustained in the future."

SIP RETURN



SIP Start Date 12/1/2009 12/1/2007 12/1/2005 9/22/2005

Current NAV (As on 30/11/2010) 22.00 22.00 22.00 22.00








a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform

and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR

b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then prevailing

NAV.

c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration

including the first installment. It may please be noted that load has not been taken into consideration.

d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are

simulated for illustrative purposes for understanding the concept of SIP. This illustration should not be construed as a

promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not

assure any safeguard of capital and the illustrated returns are not necessarily indicative of future results and may not

necessarily provide a basis for comparison with other investments. SIP does not guarantee or assure any protection

against losses in declining market conditions.


PORTFOLIO OF RELIANCE TAX SAVER (ELSS) FUND


HoldingsWeigh

tage %


Power Finance Corporation Limited 2.05


Va Tech Wabag 1.91






KSB Pumps Ltd. 1.37


Cipla Ltd. 1.35

ABB Ltd 1.33

Engineers India Ltd 1.28

Trent Limited 1.23



Cox And Kings Ltd 1.13

Gammon India Ltd. 1.04

Hathway Cable and Datacom Limited 1.01

Equity Less than 1% of Corpus 9.32

IDR,Preference Shares,Cash and Other

Receivables

5.50

Grand Total 100.00


NOVEMBER 30, 2010


figures in %


Equity: Tax Saver

Reliance

Equity Linked Saving

Fund – Series I


The primary objective of the scheme is to generate

long-term capital appreciation from a portfolio that is

invested predominantly in equities along with income

tax benefit.

FUND DATA

Type. . .A 10 year close-ended Equity Linked Savings

Scheme


Inception Date . . . . . . . . . . . . . . . . . . 01/04/2008

Corpus: . . .Rs 199.97 crore (September 30, 2010)

Minimum Investment . .Rs.500/- and in multiples of

Rs.500/- thereafter

Fund Manager . . . . . . . . . . . . . . . . .Sailesh Raj Bhan

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil*

*In accordance with the SEBI (MFs) Regulations, 1996,

NFO expenses not exceeding 6% of the amount

mobilised, will be charged to the scheme and will be

amortised over a period of 10 years. If the investor opts

for the redemption before the completion of 10 . ..

years, proportionate unamortized portion of the NFO

expenses outstanding as on the date of the redemption

shall be recovered from such investor.

Benchmark: - BSE 100

PORTFOLIO OF RELIANCE EQUITY LINKED

SAVING FUND – SERIES I


Holding Weigh

tage(%)

Equities 87.59

Astrazeneca Pharma India Ltd. 6.37

Fulford India Limited 5.94


Graphite India Limited 5.26



Hikal Ltd. 3.86

Coromandel International Ltd. 3.68





Procter & Gamble Hygiene & Health Care Ltd. 2.98

SKF India Ltd. 2.71

Sasken Communication Technologies 2.70


DCM Shriram Consolidated Ltd. 2.46

Coal India Ltd 2.45

HDFC Bank Ltd. 2.36

Blue Star Ltd. 2.24





Trent Limited 1.64



Equity Less than 1% Of Corpus 2.53

Warrants,Preference Shares,Cash and Other

Receivables

12.41

Grand Total 100.00

VOLATILITY MEASURES:

Beta 0.7448


R Squared 0.8648

Sharpe Ratio 0.0708



taking rolling return since inception with 6.83% Risk

Free returns (takan as 91days T-bill yield as on

30/11/2010)

PERFORMANCE OF RELIANCE EQUITY LINKED

SAVING FUND - SERIES I - GROWTH vs BSE 100

AS ON NOVEMBER 30, 2010

PeriodReturns of


Benchmark (%)

6 months 16.96 14.49

1 Year 24.75 15.32

3 Years N.A N.A

5 years N.A N.A


Past performance may or may not be sustained in future. Returns

of the Growth Plan. Returns less than one year are

absolute returns and returns of one year and more are

compounded annualized returns. Calculations assume

that all payouts during the period have been reinvested

in the units of the scheme at the then prevailing NAV.



NOVEMBER 30, 2010



Reliance Equity Linked Saving Fund-

Series I - Growth Plan15.0596

Reliance Equity Linked Saving Fund-

Series I - Dividend Plan15.0596

figures in %


Arbitrage:

Reliance

Arbitrage Advantage


The investment objective of the scheme is to generate

income by taking advantage of the arbitrage

opportunities that potentially exists between cash and

derivative market and within the derivative segment

along with investments in debt securities & money

market instruments.

FUND DATA

Type. . . . . . . . . . . . An Open Ended Arbitrage Scheme


Inception Date . . . . . . . . . . . . . . . . . . . 20/10/2010

Corpus: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.A.


Re. 1 thereafter


Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil

Exit Load . . . . 1% if redeemed/switched on or before

completion of 12 months from the date of allotment

of units. Nil if redeemed/switched after completion of

12 months from the date of allotment of units.








distributor

Benchmark: - Crisil Liquid Fund Index

PORTFOLIO OF ARBITRAGE ADVANTAGE FUND


Holding Weigh

tage(%)

Equities- 71.52



Apollo Tyres Ltd 7.42


Mercator Lines Limited 6.39

Gujarat State Petronet Ltd 6.09



LIC Housing Finance Ltd. 5.27

Lanco Infratech Limited 5.24

NMDC Limited 5.13

Derivatives,Cash and Other Receivables 28.48

Grand Total 100.00

PERFORMANCE OF RELIANCE ARBITRAGE

ADVANTAGE FUND - RETAIL PLAN - GROWTH vs

CRISIL LIQUID FUND AS ON NOVEMBER 30, 2010

PeriodReturns of


Benchmark (%)


Past performance may or may not be sustained in future. Returns

of the Growth Plan. Returns less than one year are absolute

returns and returns of one year and more are compounded

annualized returns. Calculations assume that all payouts

during the period have been reinvested in the units of the

scheme at the then prevailing NAV.


Reliance Arbitrage Advantage Fund -

Growth Plan10.1483

Reliance Arbitrage Advantage Fund-

Dividend Plan10.1482




NOVEMBER 30, 2010

figures in %


FUND DATA

Type . . . . . . . . . . . . . An Open Ended Liquid Scheme

Date of allotment . . . . . . . . . . . . . . . June 16, 2005

Inception Date . . . . . . . . . . . . . . . . . June 16, 2005

Minimum Investment . . Rs 5 crore for all investors &

in multiples of Re 1 thereafter

Fund Manager . . . . . . . . Amit Tripathi & Anju Chhajer

Weighted Average YTM . . . . . . . . . . . . . . . . 7%

Modified Duration . . . . . . . . . . . . . . . . . 20 Days

Weighted Avg. Maturity . . . . . . . . . . . . . 22 Days

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Nil

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/




directly by the investor to the AMFI registered Distributors

based on the investors' assessment of various factors

including the service rendered by the distributor.

Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index

PORTFOLIO OF RELIANCE LIQUIDITY FUND

As On November 30, 2010

Holding Rating Weightage(%)


Canara Bank P1+ 8.77

Allahabad Bank A1+ 4.94

Syndicate Bank Ltd. Pr1+ 3.89

IDBI Bank Ltd A1+ 3.71

Oriental Bank Of Commerce P1+ 3.67

Bank Of India P1+ 3.39

Bank Of Baroda A1+ 2.78

Corporation Bank Bwr P1+ 2.77

ICICI Bank Ltd. A1+ 2.47

Punjab & Sindh Bank Ltd A1+ 2.45

State Bank Of Travancore A1+ 2.45

Yes Bank Ltd. A1+ 2.35

Punjab National Bank Pr1+ 2.33

Allahabad Bank P1+ 1.57

State Bank Of Bikaner & Jaipur P1+ 1.53

Uco Bank P1+ 1.50

Andhra Bank Ltd Pr1+ 1.24

State Bank Of Hyderabad A1+ 1.11

Central Bank Of India Pr1+ 0.97

Vijaya Bank Pr1+ 0.74

State Bank Of Travancore P1+ 0.62

Andhra Bank Ltd F1+(Ind) 0.62

State Bank Of Patiala A1+ 0.57

Indian Overseas Bank P1+ 0.46

Union Bank Of India A1+ 0.12

United Bank Of India Ltd. P1+ 0.02

Commercial Paper 18.95

Housing Development Finance

Cor LtdA1+ 2.82

Reliance Industries Ltd. P1+ 2.47

Indiabulls Financial Services Ltd P1+ 2.44

Debt - Liquid

Reliance

Liquidity Fund



optimal returns consistent with moderate levels of risk

and high liquidity. ACCordingly, investments shall

predominantly be made in Debt and Money Market

Instruments


Ericsson India Private Ltd A1+ 1.85

Small Industries Dev Bank Of

IndiaPr1+ 1.61

ICICI Sec Primary Dealership Ltd. P1+ 1.24

Jm Financial Services Pvt Ltd P1+ 1.24

Tata Motors Finance Limited A1+ 1.05

Utkal Alumina International Ltd Pr1+ 0.93

Aditya Birla Finance Ltd A1+ 0.74

J M Financial Products Private

Ltd.P1+ 0.62

Indiabulls Securities Limited P1+ 0.62

ICICI Securities Ltd P1+ 0.61

Kotak Securities Ltd. A1+ 0.30

Rural Electrification Corp Ltd Pr1+ 0.25

Export Import Bank Of India P1+ 0.17

Pass Through Certificates 0.00

Invt Vehicle For Structure Tr

1208Aaa(So) 0.00


Grand Total 100.00


Reliance Liquidity Fund-Daily Dividend Plan 10.0051

Reliance Liquidity Fund-Weekly Dividend Plan 10.0110

Reliance Liquidity Fund-Growth Plan 14.3850

RATING PROFILE

Rating Weightage

P1+ 30.93%

A1+ 29.71%

BWR P1+ 2.77%

F1+(IND) 0.62%

PR1+ 11.94%

AAA(SO) 0.00%

Cash & Other Receivables 24.03%

Grand Total 100.00%

PERFORMANCE OF RELIANCE LIQUIDITY FUND VS CRISIL LIQUID FUND INDEX AS ON NOVEMBER30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark(%)

7days 0.13 0.13

15 days 0.26 0.26

30 days 0.59 0.56

3 months 1.61 1.57

6 months 2.98 2.92

1 Year 5.16 4.71

3 Years 6.71 6.12

5 Years 7.00 6.32


Past performance may or may not be sustained in future; "Returns are of Growth Plan. Returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV.

figures in %

DIVIDEND HISTORY

Date(DD/MM/YY) Rate (Re/ Unit)

Cum DividendNAV

EX DividendNAV*

Reliance Liquidity Fund - Weekly Dividend

26-Nov-10 0.0101 10.0164 10.0035

19-Nov-10 0.0099 10.0162 10.0035

12-Nov-10 0.0058 10.0109 10.0035

8-Nov-10 0.0145 10.0220 10.0035

Reliance Liquidity Fund - Monthly Dividend

25-Nov-08 0.0402 12.8956 12.8440

25-Feb-08 0.0534 10.7585 10.6900

25-Jan-08 0.0413 10.7387 10.6857

Past performance may or may not be sustained in future; Dividend distribution is subject to availability & adequacy of distributable

surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so.

After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of

dividend plan/option would be net of applicable statutory levy , if any.

* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.


FUND DATA

Type. . . . . . . . . . . . . . . . . . . . . Open-ended Liquid Scheme

Date of allotment . . . . . . . . . . . . . . . . . . . . . 18/03/1998

Inception Date . . . . . . . . . . . . . . . . . . . . . . . . 23/03/1998

Corpus . .............. Rs 13349.44 crore (September 30, 2010)

Minimum InvestmentRetail: Rs.5,000 in multiples of Re 1

thereafter Institutional : Rs. 1,00,00,000 & in multiples

of Re 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fund Manager . . . . . . . . . . . . . . . . . . . . . . Prashant Pimple

Weighted Average YTM . . . . . . . . . . . . . . . . . . . . . . 6.78%

Modified Duration . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Days

Weighted Avg. Maturity . . . . . . . . . . . . . . . . . . . . . 10 Days

Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Nil

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the

service rendered by the distributor.

Benchmark. . . . . . . . . . . . . . . . . . . . Crisil Liquid Fund Index

PORTFOLIO OF RELIANCE LIQUID FUND -TREASURY PLAN

As on November 30, 2010

Holding Rating Weightage(%)




Uco Bank P1+ 7.32









Axis Bank Limited P1+ 1.09

Bank Of Maharashtra. P1+ 0.54

HDFC Bank Ltd. A1+ 0.54




Company Ltd.A1+ 1.35


Grand Total 100.00

Debt - Liquid

Reliance

Liquid Fund

- Treasury Plan



optimal returns consistent with moderate levels of risk

and high liquidity. ACCordingly, investments shall

predominantly be made in Debt and Money Market

Instruments


Reliance Liquid Fund - Treasury Plan - Daily Dividend Plan

15.2428

Reliance Liquid Fund - Treasury Plan - Weekly Dividend Plan

10.3486

Reliance Liquid Fund - Treasury Plan - Monthly Dividend Plan

13.3189

Reliance Liquid Fund - Treasury Plan - Quarterly Dividend Plan

12.2927

Reliance Liquid Fund - Treasury Plan - Growth Plan

22.8399

Reliance Liquid Fund - Treasury Plan - Institutional Daily Dividend Plan

15.2874

Reliance Liquid Fund - Treasury Plan - Institutional Weekly Dividend Plan

15.3136

Reliance Liquid Fund - Treasury Plan - Institutional Monthly Dividend Plan

21.7608

Reliance Liquid Fund - Treasury Plan - Institutional Growth Plan

23.2680

RATING PROFILE

Rating Weightage

P1+ 27.93%

A1+ 38.88%

PR1+ 7.90%


Grand Total 100.00%

PERFORMANCE OF RELIANCE LIQUID FUND -

TREASURY PLAN VS CRISIL LIQUID FUND INDEX

AS ON NOVEMBER 30, 2010


Returns of Benchmark(%)

7days 0.12 0.13

15 days 0.23 0.26

30 days 0.54 0.56

3 months 1.49 1.57

6 months 2.70 2.92

1 Year 4.75 4.71

3 Years 6.40 6.12

5 yrs 6.52 6.32

Since Inception 6.71 N.A


Returns are of Retail Plan - Growth Plan. Returns less than one

year are absolute returns and returns of one year and more are

compounded annualized returns. Calculations assume all payouts

during the period have been reinvested in the units of the scheme


* N.A. denotes non-availability of suitable index at the time of

inception.

Special Feature

Reliance Any Time Money CardPORTFOLIO COMPOSITION AS ON NOVEMBER 30, 2010

figures in % DIVIDEND HISTORY


Cum DividendNAV

EX DividendNAV*

Reliance Liquid Fund - Treasury Plan - Retail - Monthly Dividend

25-Nov-10 0.0544 13.3773 13.3079

25-Oct-10 0.0486 13.3699 13.3079

27-Sep-10 0.0496 13.3714 13.3081

Reliance Liquid Fund - Treasury Plan - Retail - Weekly Dividend

26-Nov-10 0.0095 10.3538 10.3417

19-Nov-10 0.0095 10.3538 10.3417

12-Nov-10 0.0054 10.3486 10.3417

8-Nov-10 0.0138 10.3593 10.3417

Reliance Liquid Fund - Treasury Plan - Retail - Quartely Dividend

20-Sep-10 0.1133 12.2934 12.1488

21-Jun-10 0.1086 12.2839 12.1453

19-Mar-10 0.0841 12.2531 12.1452



After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance

of dividend plan/option would be net of applicable statutory levy , if any.



FUND DATA

Type. . . . . . . . . . . . . . . . . Open-ended Liquid Scheme


Inception Date . . . . . . . . . . . . . . . . . . . 07/12/2001

Corpus . . ... Rs 2624.54 crore (September 30, 2010)

Minimum Investment . . . .Rs. 5,000 & in multiples of

Re.1 thereafter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fund Manager . . . . . . . . . . . . . . . . . . . . .Amit Tripathi

Weighted Average YTM . . . . . . . . . . . . . . . . . 7.61%

Modified Duration . . . . . . . . . . . . . . . . . . . . 64 Days

Weighted Avg. Maturity . . . . . . . . . . . . . . . . 69 Days

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Benchmark. . . . . . . . . . . . . . . . Crisil Liquid Fund Index

PORTFOLIO OF RELIANCE LIQUID FUND - CASH PLAN


Holding Rating Weigh

Tage(%)







Andhra Bank Ltd Pr1+ 2.88


Grand Total 100.00

Debt - Liquid

Reliance

Liquid Fund

- Cash Plan



generate optimal returns consistent with moderate

levels of risk and high liquidity. ACCordingly, investments

shallpredominantly be made in Debt and Money Market

Instruments

Debt - Ultra Short Term

Reliance

Floating Rate Fund

- Short Term Plan(Formerly as Reliance Floating Rate Fund)



generate regular income through investment in a

portfolio comprising substantially of Floating Rate Debt

Securities (including floating rate securitised debt,

Money Market Instruments and Fixed Rate Debt

Instruments swapped for floating rate returns). The

scheme shall also invest in Fixed Rate Debt Securities

(including floating rate securitised debt, Money Market

Instruments and Fixed Rate Debt Instruments swapped

for fixed returns).

FUND DATA

Type. . . . . . . . . . . . . An Open-ended Income Scheme


Inception Date . . . . . . . . . . . . . . . . . . . 02/09/2004


Minimum Investment Rs. 5,000 & in multiples of Re.1

thereafter

Fund Manager . . . . . . . . . . . . . . . . . . . . .Amit Tripathi

Weighted Average YTM . . . . . . . . . . . . . . . . . . . . 8%

Modified Duration . . . . . . . . . . . . . . . . . . . 142 Days

Weighted Avg. Maturity . . . . . . . . . . . . . . . 163 Days

Entry Load * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . 0.25%, if units are redeemed within 1

month from the date of allotment.






investors' assessment of various factors including the service

rendered by the distributor.


PORTFOLIO OF RELIANCE FLOATING RATE FUND -

SHORT TERM PLAN


Holding RatingWeigh

tage(%)



Bank Of India A1+ 7.36


ASSET ALLOCATIONHoldings Weightage (%)

BANKS 91.84%Cash and Other Receivables 8.16%Grand Total 100.00

PROFILE

Rating Weightage (%)

P1+ 37.83%PR1+ 54.02%Cash and Other Receivables 8.16%Grand Total 100.00

NAV AS ON NOVEMBER 30, 2010 Rs

Reliance Liquid Cash Plan-Growth Plan 15.4723

Reliance Liquid Cash Plan-Weekly Dividend Plan

10.9255

Reliance Liquid Cash Plan-Daily Dividend Plan

11.1415

PERFORMANCE OF RELIANCE LIQUID FUND - CASH PLAN VS CRISIL LIQUID FUND INDEX AS ON NOVEMBER 30, 2010



6 months 2.42 2.721 Year 3.8 4.453 Years 4.57 6.135 years 5.09 6.29Since Inception 4.97 N.A.

NAV PERFORMANCE REPORT RsAS ON 30/11/2010

Since Inception

Reliance Liquid Fund - Cash Plan - Growth

0.34

Crisil Liquid Fund Index 0.38

Past performance may or may not be sustained in future; Returns are of Growth Plan. Returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV.

Reliance Liquid Fund - Cash Plan was launched on Dec 7,2001. Subsequently the key features of the Scheme have been changed w.e.f Nov 9, 2010. Accordingly, above performance is calculated from November 9, 2010.

N.A. denotes non-availability of suitable index at the time of inception.

SPECIAL FEATUREReliance Any Time Money Card


Central Bank Of India PR1+ 5.11

Punjab National Bank PR1+ 5.05

Union Bank Of India P1+ 3.76

Andhra Bank Ltd PR1+ 3.68

Yes Bank Ltd. A1+ 3.20


State Bank Of Mysore A1+ 1.92

State Bank Of Patiala P1+ 1.92






National Bank For Agri. & Rural Dev P1+ 4.02

Ballarpur Industries Ltd. F1+(IND) 0.60

Kotak Mahindra Investments Ltd. A1+ 0.58


Tata Steel Ltd. AA(IND) 3.08

Ultratech Cement Ltd. AAA 1.03

Non Convertible Debentures 17.46

ICICI Home Finance Co. Ltd. LAAA 5.12

Indiabulls Financial Services Ltd LAA 3.67

Gruh Finance Ltd LAA+ 2.56

Small Industries Dev Bank Of India AAA 2.04

Manappuram General Fin & Leasing Ltd LA+ 2.03


LimitedAA+ 0.41

LIC Housing Finance Ltd. AAA 0.41

Indian Hotels Company Ltd. LAA+ 0.40

Tgs Investment & Trade Pvt Ltd A1+ 0.28

DIVIDEND HISTORYDate(DD/MM/YY) Rate

(Re/ Unit)Cum Dividend NAV EX Dividend NAV*

26-Nov-10 0.0095 10.9290 10.916919-Nov-10 0.0092 10.9286 10.916912-Nov-10 0.0051 10.9234 10.91698-Nov-10 0.0139 10.9347 10.9169Past performance may or may not be sustained in future; Dividend distribution is subject to availability & adequacy of distributable






Trapti Trading & Invest Pvt. Ltd. A1+ 0.28

Kotak Mahindra Prime Ltd. P1+ 0.24


Indian Inf Equip Rec Trust AAA(IND) 2.45

India Microfin Loan Receivable Trus P1+(SO) 1.11

Tata Capital LimitedCAREAA

+(SO)0.14

Zero Coupon Bonds. 0.41


Company Ltd.AAA(IND) 0.41


Grand Total 100.00

NAV AS ON NOVEMBER 30, 2010 Rs

Reliance Floating Rate - Short Term Plan-Growth Plan

15.0430

Reliance Floating Rate -Short Term Plan-Dividend Plan

10.1159

Reliance Floating Rate - Short Term Plan-Daily Dividend Plan

10.0692

Reliance Floating Rate - Short Term Plan-Weekly Dividend Plan

10.0814

Reliance Floating Rate - Short Term Plan-Quarterly Dividend Plan

10.1372

RATING PROFILE

P1+ 16.99%

P1+(SO) 1.11%

A1+ 34.27%

F1+(IND) 0.60%

PR1+ 13.84%

AAA 3.47%

LAAA 5.12%

AAA(IND) 2.86%

AA+ 0.41%

LAA+ 2.96%

AA(IND) 3.08%

LAA 3.67%

CAREAA+(SO) 0.14%

LA+ 2.03%


Grand Total 100.00%

PERFORMANCE OF RELIANCE FLOATING RATE FUND VS CRISIL LIQUID FUND INDEX AS ONNOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark(%)

6 months 2.22 1.72

1 Year 4.76 3.10

3 Years 7.18 6.23

5 Years 7.05 6.19


NAV PERFORMANCE REPORT AS ON 30/11/2010

6 Months Since Inception

Reliance Floating Rate Fund - Short Term Plan Growth

3.01 3.07

Crisil Liquid Fund Index 2.92 2.98

Past performance may or may not be sustained in future; Returns are of Growth Plan. Returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV.Reliance Floating Rate Fund was launched on Sep 2, 2004. Subsequently the key features of the Scheme have been changed w.e.f Nov 9, 2010. Accordingly, above performance is calculated from May 24, 2010. and the Scheme was renamed as Reliance Floating Rate Fund - Short Term Plan.

Debt - Ultra Short Term

Reliance

Floating Rate Fund

- Short Term Plan(Formerly as Reliance Floating Rate Fund)

Debt : Ultra Short Term

Reliance Money Manager FundINVESTMENT OBJECTIVE The investment objective of the Scheme is to generate

optimal returns consistent with moderate levels ofrisk

and liquidity by investing in debtsecurities and money

market securities.

FUND DATA

Type. . . . . . . . . . . . . . . .Open-ended Income Scheme


Inception Date . . . . . . . . . . . . . . . . . . . 21/03/2007

Corpus . .... Rs 13355.00 crore (September 30, 2010

Minimum Investment . For Retail Plan: Rs. 1 lac and in

multiples of Re. 1 thereafter For Institutional Plan:

Rs 1 Cr and in multiples of Re 1 thereafter

Fund Manager . . . . . . . . . Amit Tripathi & Anju Chhajer

Weighted Average YTM . . . . . . . . . . . . . . . . . .7.11%

Modified Duration . . . . . . . . . . . . . . . . . . . . .24 Days

Weighted Average Maturity . . . . . . . . . . . . . .26 Days

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIL

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil








distributor.


PORTFOLIO OF RELIANCE MONEY MANAGER FUND


Holding RatingWeigh

tage(%)





State Bank Of India P1+ 4.77


Ing Vysya Bank Ltd. P1+ 3.46




Indian Bank F1+(Ind) 1.58

Bank Of Maharashtra. Pr1+ 1.58


Corporation Bank P1+ 1.25

Axis Bank Limited A1+ 1.17

Uco Bank P1+ 1.15




Andhra Bank Ltd F1+(Ind) 0.99



Indian Overseas Bank P1+ 0.90



figures in %

DIVIDEND HISTORY


Cum DividendNAV

EX DividendNAV*

Reliance Floating Rate Fund - Short Term Plan

- Wkly Dividend30-Nov-10 0.0074 10.0898 10.081423-Nov-10 0.0086 10.0912 10.081416-Nov-10 0.0092 10.0919 10.08149-Nov-10 0.0099 10.0927 10.08142-Nov-10 0.0112 10.0941 10.0814Reliance Floating Rate Fund - Short Term Plan

- Dividend (Monthly)19-Nov-10 0.0506 10.1594 10.106319-Oct-10 0.0425 10.1542 10.107920-Sep-10 0.0434 10.1578 10.1099Reliance Floating Rate Fund - Short Term Plan

- Dividend (Quarterly)20-Sep-10 0.0952 10.1329 10.0259Past performance may or may not be sustained in future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy , if any.




United Bank Of India Ltd. A1+ 0.20

Bank Of Maharashtra. P1+ 0.20

Corporation Bank Bwr P1+ 0.20

IDBI Bank Ltd P1+ 0.12



Reliance Industries Ltd. P1+ 4.67

Infrastructure Development

Finance Company Ltd.A1+ 3.97

Bharat Petroleum Corporation

Ltd.P1+ 3.77

Export Import Bank Of India P1+ 3.40

National Housing Bank A1+ 1.98

Religare Finvest Limited A1+ 1.57

Indian Oil Corporation Ltd. P1+ 1.40

L & T Infrastructure Finance

Co LtdA1+ 1.19

Tata Capital Limited A1+ 0.99

Indiabulls Financial Services Ltd P1+ 0.80

Aditya Birla Finance Ltd A1+ 0.80


Ecl Finance Limited A1+ 0.40

Sbi Global Factors Ltd P1+ 0.40

Aditya Birla Nuvo Ltd. A1+ 0.40

Indiabulls Securities Limited P1+ 0.40

Shriram City Union Finance Ltd. Pr1+ 0.40

Edelweiss Capital Limited P1+ 0.40

Il&Fs Financial Services Ltd A1+ 0.39

Infina Finance Private Limited P1+ 0.20

Sundaram Bnp Paribas Home Fina

Ltd.A1+ 0.20


Cor LtdA1+ 0.06


Ge Capital Services India Ltd Aaa(Ind) 0.08

Unitech Ltd. B-(Ind) 0.01


Indian Infra Equp Rec TrustAaa(Ind)

(So)0.01

Ifmr Capital Mosec Ii P1+(So) 0.00

Invt Vehicle For Structure Tr

12080.00


LIC Housing Finance Ltd. Aaa 0.60


Finance Company Ltd.Laaa 0.20


Grand Total 100.00


Reliance Money Manager Fund-Retail Growth

1,289.8158

Reliance Money Manager Fund-Retail Bonus

1,281.3251

Reliance Money Manager Fund-Retail Daily Dividend

1,001.1218

Reliance Money Manager Fund-Retail Weekly Dividend

1,003.6362

Reliance Money Manager Fund-Retail Monthly Dividend

1,009.3833

Reliance Money Manager Fund-Retail Quarterly Dividend

1,034.5456

Reliance Money Manager Fund-Institutional Growth

1,302.8357

Reliance Money Manager Fund-Institutional Daily Dividend

1,001.3715

Reliance Money Manager Fund-Institutional Weekly Dividend

1,002.5984

Reliance Money Manager Fund-Institutional Monthly Dividend

1,008.2479

RATING PROFILE

Rating Weightage (%)

Banks 64.68%

Finance 12.04%

Petroleum Products 9.84%


Financial Institutions 3.40%

Miscellaneous 1.58%

Diversified 0.40%

Construction 0.01%

Finance - Asset Backed 0.01%

Grand Total 100.00%

PERFORMANCE OF LIQUID PLUS FUND VS CRISIL

LIQUID FUND INDEX AS ON NOVEMBER 30, 2010



6 Months 2.79 2.92

1 year 5.07 4.71

3 Years 6.74 6.12

5 Years N.A N.A

Since inception 7.11 6.43

Returns are of Retail Plan - Growth Plan. Returns less than one year are

absolute returns and returns of one year and more are compounded annualized

returns. Calculations assume all payouts during the period have been reinvested

in the units of the scheme at the prevailing NAV. Past performance may or

may not be sustained in the future."


Reliance Money Manager Fund


figures in %

DIVIDEND HISTORY


Cum DividendNAV

EX DividendNAV*

Reliance Money Manager Fund - Weekly Dividend

26-Nov-10 1.0773 1004.1662 1002.9398

19-Nov-10 1.0902 1004.1809 1002.9398

12-Nov-10 0.6208 1003.6465 1002.9398

8-Nov-10 1.5518 1004.7064 1002.9398

Reliance Money Manager Fund - Monthly Dividend

19-Nov-10 5.1209 1013.2763 1007.9827

19-Oct-10 4.2628 1012.6512 1007.9680

20-Sep-10 3.6525 1011.9555 1007.9477

Reliance Money Manager Fund - Quarterly Dividend

20-Sep-10 11.0551 1011.9555 1007.9477

21-Jun-10 10.6983 1034.0841 1022.0352

19-Mar-10 9.5158 1032.5403 1022.0395

Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable







Reliance

Medium Term FundINVESTMENT OBJECTIVE


generate regular income in order to make regular

dividend payments to unitholders and the secondary

objective is growth of capital.

FUND DATA

Type. . . Open-ended Income Scheme with no assured

returns


Inception Date . . . . . . . . . . . . . . . . . . . 25/09/2000


Minimum Investment . . . 5,000 & in multiples of Re.1

thereafter

Fund Manager . . . . . . . . . Amit Tripathi & Anju Chhajer

Weighted Average YTM . . . . . . . . . . . . . . . . 7.53%

Modified Duration . . . . . . . . . . . . . . . . . . . . 80 Days

Weighted Avg. Maturity . . . . . . . . . . . . . . . . 86 Days

Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil








distributor

Benchmark. . . . . . . Crisil Short-term Bond Fund Index

PORTFOLIO OF RELIANCE MEDIUM-TERM FUND


Holding RatingWeigh

tage(%)







Corporation Bank P1+ 5.17

Central Bank Of India PR1+ 3.51



HDFC Bank Ltd. PR1+ 1.69

State Bank Of Mysore P1+ 1.63

Andhra Bank LtdF1+

(IND)0.86






Housing Development Finance Cor Ltd P1+ 4.19

Cholamandalam Invt And Fin Co. Ltd. A1+ 3.19

Small Industries Dev Bank Of India PR1+ 2.07

Indian Oil Corporation Ltd. P1+ 2.06

India Infoline Investment Serv Ltd A1+ 1.72

Morgan Stanley (I) Capital Pvt LtdF1+

(IND)1.72

Hdb Financial Services Ltd. PR1+ 1.37



Housing Development Finance Cor Ltd AAA 1.73

Power Finance Corporation Limited AAA 0.87



Tata Capital Limited LAA+ 0.14


Godrej Consumer Products Ltd. A1+ 2.46


Grand Total 100.00


RELIANCE MEDIUM TERM FUND-Growth Plan 19.7991

RELIANCE MEDIUM TERM FUND-Bonus Plan 14.1405

RELIANCE MEDIUM TERM FUND-Quarterly

Dividend Plan

10.8324

RELIANCE MEDIUM TERM FUND-Monthly

Dividend Plan

10.3816

RELIANCE MEDIUM TERM FUND-Daily Dividend

Plan

17.0959

RELIANCE MEDIUM TERM FUND-Weekly

Dividend Plan

17.0959

RATING PROFILE

Rating Weightage

P1+ 49.56%

A1+ 16.46%

F1+(IND) 2.58%

PR1+ 16.35%

AAA 4.31%

LAA+ 0.14%


Grand Total 100.00%

PERFORMANCE OF RELIANCE MEDIUM-TERM

FUND VS CRISIL SHORT TERM BOND FUND INDEX

as on NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 2.92 2.10

1 Year 5.36 4.51

3 Years 6.40 7.04

5 Years 6.11 6.72







N.A. denotes non-availability of suitable index at the time of inception."

SPECIAL FEATURE



figures in %

DIVIDEND HISTORY


Cum DividendNAV

EX DividendNAV*

Reliance Medium Term Fund - Weekly

30-Nov-10 0.0139 17.1117 17.0959

23-Nov-10 0.0175 17.1158 17.0959

16-Nov-10 0.0173 17.1156 17.0959

9-Nov-10 0.0177 17.1161 17.0959

2-Nov-10 0.0187 17.1172 17.0959

Reliance Medium Term Fund - Quarterly

20-Sep-10 0.1290 10.8525 10.7072

21-Jun-10 0.1205 10.8419 10.7062

22-Mar-10 0.1080 10.8280 10.7061

Reliance Medium Term Fund - Monthly

22-Nov-10 0.0519 10.4296 10.3720

20-Oct-10 0.0463 10.4227 10.3723

20-Sep-10 0.0411 10.4179 10.3727







Debt : Short Term

Reliance

Short Term FundINVESTMENT OBJECTIVE


generate stable returns for investors with a short term

investment horizon by investing in fixed income

securitites of a short term maturity

FUND DATA

Type. . . . . . . . . . . . . . . .Open-ended Income Scheme


Inception Date . . . . . . . . . . . . . . . . . . . 23/12/2002


Minimum Investment . . . . . . . . . . . . . . . . . Rs. 5,000

& in multiples of Re.1 thereafter.

Fund Manager . . . . . . . . . . . . . . . . . . Prashant Pimple

Weighted Average YTM . . . . . . . . . . . . . . . . . 8.22%

Modified Duration . . . . . . . . . . . . . . . . . . 679 Days

Weighted Avg. Maturity . . . . . . . . . . . . . . . 860 Days

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil






Distributors based on the investors’ assessment of


distributor.


PORTFOLIO OF RELIANCE SHORT TERM FUND


Holding RatingWeigh

tage(%)





AXIS Bank Limited PR1+ 5.35



Bank Of India A1+ 2.34




IDBI Bank Ltd P1+ 1.20







Cholamandalam Invt And Fin

Co. Ltd.A1+ 2.17




Finance Company Ltd.LAAA 2.01


7.99% Goi (Md 09.07.2017) Sovereign 14.64

7.46% Goi 2017 (M/D.

28/8/2017)Sovereign 9.25


Tata Motors Ltd. AAA 3.97


National Bank For Agri. & Rural

DevAAA 1.86

Reliance Utilities & Power Pvt.

Ltd.

CAR

EAAA1.64

Rural Electrification Corp Ltd AAA 1.10

Tata Power Co. Ltd. AA 1.01

Power Grid Corporation Ltd. AAA 0.64

Indian Railway Finance Corpn.

Ltd.AAA 0.63

Power Finance Corporation

LimitedAAA 0.62


Cor LtdAAA 0.62

LIC Housing Finance Ltd. CAR

EAAA0.37

ICICI Bank Ltd. AAA 0.25


Airport Authority Of India AAA 0.07


Tata Teleservices Limited CARE A+

(SO)4.52

Ibm India Private Limited AAA(IND)

(SO)0.63


Grand Total 100.00


Reliance Short Term Fund -Growth Plan 17.9499

Reliance Short Term Fund-Dividend Re-Investment Plan 10.5966

Reliance Short Term Fund -Quarterly Dividend Plan 13.4377

RATING PROFILE

Rating Weightage

SOV 23.89%

P1+ 15.98%

A1+ 25.24%

PR1+ 5.98%

AAA 12.40%

LAAA 2.01%

CAREAAA 2.01%

AAA(IND)(SO) 0.63%

CARE A+ (SO) 4.52%

LAA+ 0.15%

AA 1.01%

AA(IND) 2.77%


Grand Total 100.00%

PERFORMANCE OF RELIANCE SHORT-TERM FUND VS CRISIL LIQUID FUND INDEX AS ON NOVEMBER30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 2.00 2.92

1 Year 4.62 4.71

3 Years 8.71 6.12

5 Years 8.47 6.32







SPECIAL FEATURE



figures in %

DIVIDEND HISTORY


Cum DividendNAV

EX DividendNAV*

Reliance Short Term Fund - Dividend

25-Nov-10 0.0536 10.6588 10.6026

25-Oct-10 0.0119 10.6224 10.6036

27-Sep-10 0.0483 10.6563 10.6034

Reliance Short Term Fund - Quarterly Dividend

20-Sep-10 0.1318 13.4785 13.3317

21-Jun-10 0.1581 13.5422 13.3684

19-Mar-10 0.1222 13.4605 13.3227







Reliance

Regular Savings Fund

- Debt OptionINVESTMENT OBJECTIVE


generate optimal returns consistent with moderate level

of risk. This income may be complemented by capital

appreciation of the portfolio. Accordingly investments

shall predominantly be made in Debt & Money Market

Instruments.

Debt : Long Term

FUND DATA

Type..................................................Open-ended scheme

Date of Allotment.......................................08/06/2005

Inception Date............................................09/06/2005


Minimum Investment:

Retail Plan: Rs. 500 per option & in multiples of Re.

1thereafter

Institutional Plan: Rs 25 lacs per option and in multiples

of Re.1 thereafter

Maximum Investment Amount (across all folios) in one

calendar quarter: Rs. 10 Cr

Fund Manager..........................................Prashant Pimple

Entry Load*.......Under both Retail and Institutional

Plan: Nil

Exit Load..........Under both Retail and Institutional Plan

2%, if redeemed/switched out on or before completion

of 1 year

Nil, if redeemed/switched out after completion of 1

year

Weighted Average YTM..........................................8.98%

Modified Duration..............................................545 Days

Weighted Avg. Maturity.....................................616 Days





directly by the investor to the AMFI registered Distributor

Benchmark..................Crisil Composite Bond Fund Index

PORTFOLIO OF RELIANCE REGULAR SAVINGS FUND-

DEBT OPTION


Holdings RatingWeigh

tage



Axis Bank Limited PR1+ 0.03


Sundaram Finance Limited LAA+ 7.41


Co. Ltd.LAA- 4.48

Citifinancial Consumer Finance

India Limited *AA+ 4.42

Kotak Mahindra Prime Ltd. LAA 4.11

Geetanjali Trading & Inv Pvt Ltd BWRAAA 3.25

Tata Capital Limited CAREAA+ 3.20

Tata Motors Finance Limited AA- 2.37

HCL Technologies Ltd. AA+ 2.36

Bilt Graphic Paper Products LtdAA-(IND)

(SO)1.78

Tube Investments Of India

LimitedAA 1.61

Shriram City Union Finance Ltd. CAREAA- 1.61


Mahindra & Mahindra Fin Ser Ltd. AA(IND) 1.58

Bajaj Finance Ltd. AA+ 1.46

Indiabulls Financial Services Ltd AA 1.40

Tech Mahindra Ltd. CAREAAA 1.34

Srei Equipment Finance Pvt Ltd CAREAA 1.31


Aditya Birla Nuvo Ltd. LAA+ 1.27

Srei Equipment Finance Pvt Ltd AA(IND) 1.18

Reliance Capital Ltd. CAREAAA 1.15

LIC Housing Finance Ltd. CAREAAA 1.11

L&T Finance Ltd CAREAA+ 1.11

Sundaram Bnp Paribas Home

Fina Ltd.CAREAA+ 0.82

Shriram Transport Finance Co Ltd. CAREAA+ 0.82

Ballarpur Industries Ltd.AA-(IND)

(SO)0.80

Ballarpur Industries Ltd. AA-(IND) 0.80

Tata Sons Ltd. AAA 0.52


Co. Ltd.AA- 0.42

India Infoline Investment Serv

LtdLAA-(SO) 0.35

Bajaj Finance Ltd. LAA+ 0.35


Indiabulls Infrastructure Credit Lt AA 0.24

Srei Equipment Finance Pvt Ltd PR1+ 0.03

Indiabulls Housing Finance Ltd AA 0.03


Tata Teleservices Limited CARE A+ (SO) 5.92


Aditya Birla Nuvo Ltd. LAA+(SO) 3.85

Tata Motors Finance Limited A+(SO) 2.32

Shriram Transport Finance Co Ltd. CAREAA+(SO) 1.63

Ibm India Private Limited AAA(IND)(SO) 1.23

Tml Auto Sec Trust AA+(SO) 0.68

Tata Capital Limited CAREAA+(SO) 0.57

Jet Airways (India) Ltd. AAA(SO) 0.07

Indian Infra Equp Rec Trust AAA(IND)(SO) 0.02


Lands End Properties Pvt. Ltd. CAREAA+ 4.42

Indiabulls Financial Services Ltd LAA 4.05


Deutsche Postbank Home

Finance Ltd

CAREAAA

(SO)2.04

Tata Housing Development Co

LtdCARE A+ 1.81


Citifinancial Consumer Finance

India LimitedAA+ 0.70

Sundaram Finance Limited AA+ 0.69


Grand Total 100.00

Interest Rate Swap

(Notional %)4.87

* Guaranteed by Citigroup Inc.


Reliance Regular Savings Fund Debt Option-Retail Growth 13.0061

Reliance Regular Savings Fund Debt Option-Retail Quarterly Dividend

12.2191

Reliance Regular Savings Fund Debt Option-Institutional Growth

13.1373

Reliance Regular Savings Fund Debt Option-

Institutional Quarterly Dividend

12.2916

DIVIDEND HISTORY

Date(DD/MM/YY)

Rate

(Re/

Unit)

Cum-

Dividend

NAV

EX

Dividend

NAV*

29-Sep-10 0.0864 12.2651 12.1715

28-Jun-10 0.1212 12.2847 12.1486

30-Mar-10 0.1206 12.2437 12.1108

12-Jan-10 0.3416 12.4739 12.0860









RATING PROFILE

Rating Weightage

LAA+(SO) 3.85%

A1+ 1.17%

PR1+ 0.06%

AAA 0.80%

CAREAAA 3.61%

CAREAA 1.31%

AAA(SO) 0.07%

AAA(IND) 3.98%

AAA(IND)(SO) 1.25%

BWRAAA 3.25%

AA-(IND)(SO) 2.59%

CAREAAA(SO) 2.04%

CAREAA- 1.61%

AA+ 9.63%

LAA+ 13.25%

AA+(SO) 0.68%

AA 4.59%

AA(IND) 2.75%

LAA 9.03%

CAREAA+(SO) 2.19%

CAREAA+ 10.36%

CARE A+ (SO) 5.92%

AA- 2.79%

LAA- 4.48%

LAA-(SO) 0.35%

A+(SO) 2.32%

CARE A+ 1.81%

AA-(IND) 0.80%


Grand Total 100.00%


FUND - DEBT OPTION VS CRISIL COMPOSITE

BOND FUND INDEX AS ON NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 1.82 1.96

1 Year 4.75 4.52

3 Years 6.28 6.01

5 Years 5.05 5.54


"Returns are of Growth Plan. Returns less than one year are absolute returnsand returns of one year and more are compounded annualized returns.Calculations assume all payouts during the period have been reinvested inthe units of the scheme at the prevailing NAV. Past performance may ormay not be sustained in the future."

SPECIAL FEATURE



figures in %


Reliance

Income FundINVESTMENT OBJECTIVE


generate optimal returns consistent with moderate level

of risk. This income may be complemented by capital

appreciation of the portfolio. Accordingly, investments

shall predominantly be made in Debt & Money Market

Instruments

Debt : Long Term

"Past performance may or may not be sustained in future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual Fund

is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls

to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy , if any.



RELIANCE INCOME FUND-Growth Plan 31.5835

RELIANCE INCOME FUND-Bonus Plan 14.8863

RELIANCE INCOME FUND-Annual Dividend Plan 12.5595

RELIANCE INCOME FUND-Half-yearly Dividend Plan 12.1339

RELIANCE INCOME FUND-Quarterly Dividend Plan 13.2487

RELIANCE INCOME FUND-Monthly Dividend Plan 10.1674

FUND DATA

Type. . . . . . . . . . . . . . Open-ended Income Scheme


Inception Date . . . . . . . . . . . . . . . . . . 01/01/1998


Minimum Investment . . . . Growth Option: Rs. 5,000

& in multiples of Re.1 thereafter;

Monthly Dividend Plan: Rs 25,000 & in multiples of

Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . .

Qurterly Dividend Plan: Rs 10,000 & in multiples of

Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . .

Half Yearly Dividend Plan: Rs 5,000 & in multiples of

Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annual Dividend Plan: Rs 5,000 & in multiples of Re.1

thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple




Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . (w.e.f. from 24th Aug 2009)

1% of the applicable NAV if redeemed or switched out

on or before completion of 30 days from the date of

allotment of units

There shall be no exit load after completion of 30 days







Distributors based on the investors’ assessment of


distributor.

Benchmark. . . . . . . Crisil Composite Bond Fund Index

PORTFOLIO OF RELIANCE INCOME FUND


Holding RatingWeight-age(%)

Certificate Of Deposit 0.34State Bank Of Mysore A1+ 0.34Govt Securities(Gse) 77.798.26% Goi 2027 (Md 02/08/2027) Sovereign 18.968.30% Goi (Md 02/07/2040) Sovereign 15.468.13% Goi 2022 (M/D 21/09/2022) Sovereign 12.29

7.99% Goi (Md 09.07.2017) Sovereign 8.757.80% Goi (Md 03/05/2020). Sovereign 8.597.46% Goi 2017 (M/D. 28/8/2017) Sovereign 8.508.08% Goi (Md 02/08/2022) Sovereign 5.24Non Convertible Debentures. 13.57Tata Motors Ltd. AAA 9.57Housing Development Finance Cor Ltd AAA 3.43Rural Electrification Corp Ltd AAA 0.35State Bank Of Hyderabad AAA 0.22Cash And Other Receivables 8.30Grand Total 100.00

RATING PROFILE

Rating Weightage

SOV 77.79%

A1+ 0.34%

AAA 13.57%


Grand Total 100.00%

PERFORMANCE OF RELIANCE INCOME FUND VS

CRISIL COMPOSITE BOND FUND INDEX AS ON

NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 0.96 1.96

1 Year 3.20 4.52

3 Years 8.25 6.01

5 Years 7.65 5.54



Growth Plan. Returns less than one year are absolute returns

and returns of one year and more are compounded annualized returns.

Calculations assume all payouts during the period have been reinvested in

the units of the scheme at the prevailing NAV.

* N.A. denotes non-availability of suitable index at the time of inception.

SPECIAL FEATURE


DIVIDEND HISTORY

Date(DD/MM/YY) Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV*

Reliance Income Fund - Half Yearly

20-Sep-10 0.1789 12.2342 12.0449

19-Mar-10 0.1595 12.2065 12.0233

22-Sep-09 0.3153 12.3467 12.0021

19-Mar-09 0.7337 12.7144 11.9005

Reliance Income Fund - Monthly

19-Nov-10 0.0527 10.2173 10.1677

19-Oct-10 0.0220 10.1898 10.1523

20-Sep-10 0.0351 10.2051 10.1772

Reliance Income Fund - Quarterly

21-Jun-10 0.1581 13.3143 13.1438

19-Mar-10 0.0758 13.1741 13.0863

21-Dec-09 0.1007 13.1666 13.0615

Reliance Income Fund - Annualy

19-Mar-10 0.5941 12.9176 12.2381

19-Mar-09 1.2530 13.6323 12.2273

19-Mar-08 1.4189 13.6953 12.0146


figures in %


Reliance

Dynamic Bond Fund

(Formerly as Reliance NRI Income Fund)




levels of risk. This income may be complemented by

capital appreciation of the portfolio. ACCordingly,

investments shall predominantly be made in Debt

Instruments

Debt : Dynamic FUND DATA

Type. . . . . . . . . . . . . . Open-ended Income Scheme

Date of Allotment . . . . . . . . . . . . . . . 15/11/2004

Inception Date . . . . . . . . . . . . . . . . . . 16/11/2004

Corpus . . . . Rs 362.50 crore (September 30, 2010)Minimum Investment . . . . . Rs 5,000 & in multiples

of Re.1 thereafter

Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load: (w.e.f 24th Aug 2009)

- 1% if the units are redeemed within 6 months .


- Nil if units are redeemed after 6 months from the

date of allotment of units

Weighted Average YTM . . . . . . . . . . . . . . . . .7.83%










distributor

Benchmark. . . . . . . Crisil Composite Bond Fund Index

PORTFOLIO OF RELIANCE DYNAMIC BOND FUND


Holding RatingWeightage

(%)





8.13% Goi 2022 (M/D

21/09/2022)

Sovereign 15.76

7.99% Goi (Md 09.07.2017) Sovereign 14.38

8.26% Goi 2027 (Md

02/08/2027)

Sovereign 11.61

8.30% Goi (Md 02/07/2040) Sovereign 11.57

8.08% Goi (Md 02/08/2022) Sovereign 9.15

7.80% Goi (Md 03/05/2020). Sovereign 5.14




Cor Ltd

AAA 2.05

Reliance Capital Ltd. AAA 1.33

Shriram Transport Finance Co Ltd. AA(IND) 0.89




Srei Equipment Finance Pvt Ltd AA(IND)(SO) 0.26




Grand Total 100.00

ASSET ALLOCATION

Sector Weightage

Government Of India 67.61%

Banks 12.22%

Auto 7.16%

Finance 6.52%


Grand Total 100.00%

RATING PROFILE

Rating Weightage

SOV 67.61%

A1+ 11.87%

PR1+ 0.61%

AAA 10.54%

LAA+ 0.42%

AA(IND) 0.89%

AA(IND)(SO) 0.26%

LAA 0.79%

CAREAA+ 0.51%


Grand Total 100.00%


RELIANCE DYNAMIC BOND FUND-Dividend Plan 12.4963

RELIANCE DYNAMIC BOND FUND-Growth Plan 12.4948

PERFORMANCE OF RELIANCE INCOME FUND VS

CRISIL COMPOSITE BOND FUND INDEX AS ON

NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 2.92 1.96

1 Year 5.24 4.52

3 Years 2.56 6.01

5 Years 3.63 5.54


Past performance may or may not be sustained in future. Returns are of Growth Plan. Returns less than one year are absolute returns and returns of one year and more are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV.


figures in %


Debt : Gilt

Reliance

Gilt Securities FundINVESTMENT OBJECTIVE


generate optimal credit risk-free returns by investing in

a portfolio of securities issued and guaranteed by the

Central Government and State Government

DIVIDEND HISTORY

Date(DD/MM/YY) Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV*

Reliance Gilt Securities Fund - Retail - Dividend

25-Nov-10 0.0492 10.0642 10.0233

25-May-10 0.0719 10.1296 10.0000

26-Apr-10 0.0195 10.0309 10.0280

25-Jan-10 0.0390 10.0445 10.0135

27-Apr-09 0.2628 10.9402 10.6373

28-Jan-09 0.0613 10.5098 10.4398

26-Dec-08 0.6462 11.8046 11.0669

25-Nov-08 0.0821 10.4811 10.4681

29-Oct-08 0.5473 10.9056 10.2808

25-Sep-08 0.0363 10.1237 10.0000

"Past performance may or may not be sustained in future; Dividend distribution is subject to availability &

adequacy of distributable surplus. The Mutual Fund is not assuring that it will make periodical dividend

distributions, though it has every intention of doing so. After the payment of dividend, the per unit NAV falls to

the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be

net of applicable statutory levy , any.


FUND DATA

Type . . . . . . . . . . . . . . .An Open Ended Government

. . . . . . . . . . . . . . . . . . . . . . . . . . Securities Scheme

Date of allotment . . . . . . . . . . . . . August 22, 2008

Inception Date . . . . . . . . . . . . . . . August 22, 2008

Corpus . . . . . . Rs 64.97 crore (September 30, 2010)

Corpus . ........ . Rs 64.97 crore (September 30, 2010)

Minimum Investment . . . . . . Retail Plan Rs 10,000

per plan per option . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . Institutional Plan : Rs 1 Cr per

plan per option . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fund Manager: . . . . . . . . . . . . . . . . Prashant Pimple

Load Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load (w.e.f. August 24, 2009) . . . . . . . . . . . Nil



Weighted Avg. Maturity . . . . . . . . . . . 4416 Days








distributor.

Benchmark . . . . . . . . . . . . . . . . . . . . . I-Sec Li-BEX

PORTFOLIO OF RELIANCE GILT SECURITIES FUND


Holding Rating Weightage

(%)

GOVT SECURITIES(GSE) 89.01

8.13% GOI 2022 (M/D

21/09/2022)

Sovereign 19.56

7.80% GOI (MD 03/05/2020). Sovereign 19.15

7.99% GOI (MD 09.07.2017) Sovereign 12.98

8.26% GOI 2027 (MD

02/08/2027)

Sovereign 12.80

8.30% GOI (MD 02/07/2040) Sovereign 12.76

8.08% GOI (MD 02/08/2022) Sovereign 6.48

STATE GOVERNMENT OF UTTAR

PRADESH 8.55% SDL (MD

27/10/2020)

Sovereign 4.04

11.83% GOI M/D 12/11/2014 Sovereign 1.18

10.95% GOI 2011

(MD(30.05.2011)

Sovereign 0.04

8.33% GOI 2036 (07/06/2036) Sovereign 0.02

CASH AND OTHER RECEIVABLES 10.99

GRAND TOTAL 100.00


Reliance Gilt Securities Fund-Retail Growth

Plan

11.9650

Reliance Gilt Securities Fund-Retail Dividend

Plan

10.0000

Reliance Gilt Securities Fund-Retail

Automatic Capital App Plan

11.9650

Reliance Gilt Securities Fund-Retail Defined

Maturity Plan

11.9650

Reliance Gilt Securities Fund-Retail

Automatic Annual Reinvestment Plan

10.0289

Reliance Gilt Securities Fund-Institutional

Growth Plan

11.9825


Dividend Plan

10.0007


AutOmatic Capital App Plan

11.9825

RATING PROFILE

Rating Weightage

SOV 89.01%


Grand Total 100.00%

PERFORMANCE OF RELIANCE GILT SECURITIESFUND - RETAIL - GROWTH VS I-SEC LI-BEXINDEX AS ON NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 0.34 1.43

1 Year 2.16 4.81

3 Years N.A N.A

5 Yrs N.A N.A


Past performance may or may not be sustained in future. Returns are

of Retail Plan - Growth Plan. Returns less than one year are absolute

returns and returns of one year and more are compounded annualized

returns. Calculations assume all payouts during the period have been

reinvested in the units of the scheme at the prevailing NAV. The key

features of Reliance Gilt Securities Fund having Short Term Plan and

Long Term Plan have been changed w.e.f August 22, 2008. Pursuant

to the changes, the scheme will have Retail Plan and Institutional Plan

. For more details please refer to the Addendum dated July 21, 2008

SPECIAL FEATURE



figures in %


Reliance

Monthly Income

PlanINVESTMENT OBJECTIVE


generate regular income in order to make regular


objective is growth of capital

Debt: MIP FUND DATA

Type...... Open-ended Fund. Monthly Income is not

assured & is subject to the availability of distributable

surplus.


Inception Date . . . . . . . . . . . . . . . . . . 13/01/2004


Minimum Investment (w.e.f. December 07, 2010):

For all plans & options Rs. 5000 & in multiples of Re.

1 thereafter

Fund Manager . . . . . . Amit Tripathi , Ashwani Kumar


Modified Duration . . . . . . . . . . . . . . . . . . 759 Days


Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . (w.e.f 24th August 2009)

- 1% if the units are redeemed/switched out on or

before completion of 1 year from the date of allotment

of units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

- There shall be no exit load after completion of 1 year

from the date of allotment of units . . . . . . . . . . . . .








distributor

Benchmark. . . . . . . . . . . . . Crisil MIP Blended Index

PORTFOLIO OF RELIANCE MONTHLY INCOME PLAN

As on November 30, 2010 Rating Weigh

tage(%)
















Cor Ltd

A1+ 0.01

Equity Shares 19.45





Siemens Ltd. 0.92

Wipro Ltd. 0.78


Coal India Ltd 0.74


SKF India Ltd. 0.65


Eicher Motors Ltd. 0.53

Talwalkars Better Value Fitness Ltd 0.51


Hindustan Petroleum Corporation

Ltd.

0.43

Va Tech Wabag 0.43

Glaxosmithkline Pharmaceuticals

Ltd.

0.41


Madras Cements Limited 0.39


ABB Ltd 0.36

Hindalco Industries Ltd. 0.36contd...

Cipla Ltd. 0.36

Areva T & D India Ltd 0.36


ACC Ltd 0.35



Graphite India Limited 0.33


Hindustan Media Ventures Limited 0.32






Orient Green Power Co Ltd 0.17

Bank Of Baroda 0.16


Sobha Developers Limited 0.13

Gujarat State Fertilizers &

Chemicals Ltd.

0.12

Jagran Prakashan Ltd 0.11

Piramal Healthcare Limited 0.11

Mahindra Forgings Limited 0.09

Pvr Ltd. 0.05

Swaraj Mazda Ltd. 0.04



Zee Learn Limited 0.00





Finance Company Ltd.

LAAA 1.99


Shriram Transport Finance Co Ltd. AA(IND) 0.12


7.99% Goi (Md 09.07.2017) Sovereign 4.73

8.26% Goi 2027 (Md

02/08/2027)

Sovereign 3.20

8.13% Goi 2022 (M/D

21/09/2022)

Sovereign 2.93

8.08% Goi (Md 02/08/2022) Sovereign 2.91

7.46% Goi 2017 (M/D.

28/8/2017)

Sovereign 2.84

8.30% Goi (Md 02/07/2040) Sovereign 1.84

7.80% Goi (Md 03/05/2020). Sovereign 0.75

8.28% Goi (Md 15/02/2032) Sovereign 0.40

7.17% Goi (Md 14/06/2015) Sovereign 0.05


Cairn India Limited CAREAAA 3.07



LIC Housing Finance Ltd. CAREAAA 1.64




Limited

AA+ 1.45

Reliance Utilities & Power Pvt.Ltd. CAREAAA 1.18




AAA(IND) 0.80


Cor Ltd

AAA 0.76


Tata Motors Ltd. LAA- 0.65

Rallis India Ltd. AA 0.58

Indian Hotels Company Ltd. LAA+ 0.44

Aditya Birla Nuvo Ltd. CAREAA+ 0.42



Reliance

Monthly Income

Plan

Debt : MIP

DIVIDEND HISTORY

Date(DD/MM/YY) Dividend Per Unit Cum Dividend NAV EX Dividend NAV*

Dividend Plan

Date(DD/MM/YY) Dividend Per Unit Cum Dividend NAV EX Dividend NAV*

Reliance Monthly Income Plan - Monthly Dividend

22-Nov-10 0.0615 11.1593 11.0661

20-Oct-10 0.0605 11.1876 11.1576

20-Sep-10 0.0615 11.2351 11.1675

Reliance Monthly Income Plan - Quarterly Dividend

20-Sep-10 0.1933 11.8985 11.6811

21-Jun-10 0.1757 11.6465 11.4377

22-Mar-10 0.1332 11.4777 11.3366

"Past performance may or may not be sustained in future; Dividend distribution is subject to availability & adequacy of distributable surplus. The Mutual

Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. After the payment of dividend, the per unit

NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy,

if any.



HCL Technologies Ltd. AA+ 0.29

National Housing Bank AAA(IND)(SO) 0.28


Rural Electrification Corp Ltd AAA 0.23

Indian Railway Finance Corpn. Ltd. AAA 0.23

Tata Communications Limited CAREAA+ 0.18



Power Grid Corporation Ltd. AAA 0.06

Ultratech Cements Ltd AAA 0.06

Aditya Birla Nuvo Ltd. LAA+ 0.05


Tata Teleservices Limited CARE A+ (SO) 1.83

Aditya Birla Nuvo Ltd. LAA+(SO) 1.34


Jet Airways (India) Ltd. AAA(SO) 0.08

Tata Capital Limited CAREAA+(SO) 0.03

Warrants 0.48


Cor Ltd

0.48


Lands End Properties Pvt. Ltd. CAREAA+ 0.32



LAAA 0.25


Cor Ltd

AAA 0.21


Grand Total 100.00

Interest Rate Swap (Notional %) 1.75


Reliance Monthly Income Fund-Monthly Dividend Plan

11.0317

Reliance Monthly Income Fund-Quarterly Dividend Plan

11.6837

Reliance Monthly Income Fund-Growth Plan

21.5173

PERFORMANCE OF RELIANCE MIP VS CRISILMIPBLENDED INDEX AS ON NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 5.21 3.99

1 Year 8.81 6.42

3 Years 13.74 5.97

5 Years 12.62 7.87



future. Returns are of Growth Plan. Returns less than



Calculations assume all payouts during the period have

been reinvested in the units of the scheme at the

prevailing NAV.

SPECIAL FEATURE


figures in %


ETF

Reliance

Banking Exchange

Traded FundINVESTMENT OBJECTIVE

The investment objective of Reliance Banking Exchange

Traded Fund (RBETF) is to provide returns that, before

expenses, closely correspond to the total returns of the

securities as represented by the CNX Bank Index.

However, the performance of Scheme may differ from

that of the underlying index due to tracking error.

FUND DATA

Type .. . . Open-ended, exchange listed, index linked

scheme (tracking CNX Bank Index)

Date of allotment . . . . . . . . . . . . . . .June 19, 2008

Inception Date . . . . . . . . . . . . . . . . . .June 24, 2008

Corpus: . . . ......Rs 14.79 crore (September 30, 2010)

Minimum Investment On-going purchases directly from

the Mutual Fund would be restricted to Authorised

Participants and Large Investors provided the value of

units to be purchased is in creation unit size. Authorised

Participants and Large Investors may buy the units on

any business day for the scheme directly from the

Mutual Fund at applicable NAV and transaction charges,

if applicable, by transferring stocks or cash, value of

which is equal to creation unit size. Each creation unit

consist of 10,000 units and cash component, if any, of

Reliance Banking Exchange Traded Fund.

Fund Manager . . . . . . . . . . . . . . . . . . . Krishan Daga

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil

Exchange Listed . . . . . . . . . . . . . . . . . . . . . . . . . NSE

NSE Symbol . . . . . . . . . . . . . . . . . . . . . . . .RELBANK



charged by the Scheme to the investor effective August

1, 2009. Upfront commission shall be paid directly by

the investor to the AMFI registered Distributors based on

the investors' assessment of various factors including the

service rendered by the distributor.

Benchmark. . . . . . . . . . . . . . . . . . . .CNX Bank Index

PORTFOLIO OF RELIANCE BANKING EXCHANGE

TRADED FUND


Holding Weightage(%)

Equities

ICICI BANK LTD. 31.79

HDFC BANK LTD. 19.32

STATE BANK OF INDIA 18.54

AXIS BANK LIMITED 8.59

KOTAK MAHINDRA BANK LTD. 4.19

PUNJAB NATIONAL BANK 3.97

BANK OF BARODA 3.86

BANK OF INDIA 2.07

UNION BANK OF INDIA 1.92

IDBI BANK LTD 1.84

ORIENTAL BANK OF COMMERCE 1.24

Sub Total of Equities 99.27

Cash and Other Receivables 0.73

Grand Total 100.00

NAV AS ON NOVEMBER 30, 2010 ) Rs.

RELIANCE BANKING EXCHANGE

TRADED FUND1,223.2425

Asset Allocation (%)

Equities 99.27


Volatility Measures:

Beta: 0.2452


R Squared: 0.0039

Sharpe Ratio: 0.1261

Portfolio Turnover Ratio: 0.18


taking rolling return since inception with 6.83%

Risk Free returns (takan as 91days T-bill yield as on

30/11/2010)

PERFORMANCE OF BANKING EXCHANGE TRADEDFUND VS CNX BANK INDEX AS ON NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 28.99 28.35

1 Year 32.62 32.12

3 Years N.A N.A

5 Years N.A N.A








prevailing NAV.

ETF

Reliance

Gold Exchange

Traded FundINVESTMENT OBJECTIVE:

The investment objective is to seek to provide returns

that closely correspond to returns provided by price of

gold through investment in physical Gold (and Gold

related securities as permitted by Regulators from time

to time). However, performance of the scheme may

differ from that of the domestic prices of Gold due to

expenses and or other related factors.

Type An open ended Gold ETF that tracks the domestic

prices of gold through investments in physical gold

Date of allotment . . . . . . . . . . November 21, 2007

Inception Date . . . . . . . . . . . . . November 22, 2007


Minimum Investment. . . . On going purchase directly

from mutual fund would be available only to the

Authorised Participants provided the value of units to

be purchased is in creation unit size. Authorised

Participants may buy the units on any business day for

the scheme directly from the mutual fund at applicable

NAV and transaction charges, if applicable, by depositing

Gold or cash, value of which is equal to creation size.

Each creation unit consists of 1000 units and cash

components, if any, of Reliance Gold Exchange Traded

Fund.

Exchange listed . . . . . . . . . . . . . . . . . . . . . . . . . NSE

NSE Symbol . . . . . . . . . . . . . . . . . . . . . . . RELGOLD

Fund Manager . . . . . . . . . . . . . . . . . Hiren Chandaria

Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . NIL

Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIl



charged by the Scheme to the investor effective August

1, 2009. Upfront commission shall be paid directly by

the investor to the AMFI registered Distributors based

on the investors' assessment of various factors including

the service rendered by the distributor.

Benchmark. . . . . . As there are no indices catering to

the gold sector/securities linked to Gold, . . currently

GETF shall be benchmarked against the price of Gold.

PORTFOLIO OF RELIANCE GOLD EXCHANGE

TRADED FUND


Holding Weightage(%)EquitiesGOLD

GOLD 995 1KG BAR 99.96Sub Total of Gold 99.96

Cash and Other Receivables 0.04Grand Total 100.00

NAV November 30, 2010 Rs.

Reliance Gold Fund-Dividend Payout 1,957.7754

Asset Allocation (%)

GOLD 99.96


PERFORMANCE OF RELIANCE GOLD EXCHANGETRADED FUND-DIVIDEND PAYOUT OPTION VS GOLDPRICE AS ON NOVEMBER 30, 2010

Period Returns of

Scheme (%)

Returns of

Benchmark (%)

6 months 10.40 10.96

1 Year 13.41 14.58

3 Years 24.83 27.05

5 Years N.A N.A








prevailing NAV.

37Fundamentals November 2010

Equity Fund Management Team

Name of the Experience in Total Experience

Fund Manager managing the

respective funds

Sunil Reliance Growth Over 19 Years of

Singhania Fund - Since experience, of

Dec 2003 which 13 years in

Capital MarketsReliance Long

Term Equity

Fund - Since

Dec 2006

Reliance

Diversified

Power Sector

Fund - Since

May 2004

Reliance

Banking

Fund - Since

May 2003

Reliance Small Cap Fund

Since Sept 10

Ashwani Over 15 years of

Kumar experience in

equity research

& 5 years

of experience

in managing

equity portfolios

& fund

management

Reliance Vision

Fund - Since

June 2003

Reliance Tax

Saver (ELSS)

Fund- Since

Sep1t 2005

Reliance Equity

Advantage

Fund - Since

Aug 2007

Reliance Monthly

Income Plan -

Since Jan 2004

Sailesh Reliance Equity Over 12 years

Raj Bhan Opportunities experience in

Fund- Since Equity Securities

March 2005 research, analysis

Reliance Equity and fund

Advantage management

Fund- Since

Aug 2007

Reliance Pharma

Fund - Since

June 2004

Reliance Media

& Entertainment

Fund- Since

Oct 2004

Reliance Equity

Linked Saving

Fund - Series 1-

Since March 2008

Omprakash Reliance NRI Over 18 years of

S. Kuckian Equity Fund- experience of

Since November which 3 years of

2004 managing

Reliance Regular investments in

Savings Fund- equities

Equity option -

Since Oct 2007

Reliance Regular

Savings Fund-

Balanced option-

Since Oct 2007Reliance EquityFund-SinceAug 31, 2009

Shiv Dedicated FundManager for overseas investments

Over 7 years of

Chanani experience in

Equity Securities

research and

analysisDe

Krishan Daga Reliance Quant Over 16 years of

Plus Fund - experience, of

Since July 2008 which 13 years in

Reliance Banking Equity Research

Exchange Traded

Fund - Since

June 2008

Reliance Index Fund

Nifty Plan & Reliance

Index Fund Sensex Plan

Since Oct 10

Reliance Arbitrage

Advantage Fund

Since Oct 10

Name of the Experience in Total Experience

Fund Manager managing the

respective funds

Mr. Amitabh Over 11 and half

Mohanty years experience

in Fixed Income

Function

Mr. Amit Reliance Liquidity Over 7 years

Tripathi Fund- Since experience in

June 05 managing Fixed

Reliance Floating Income portfolios

Viral Berawala Assistant Fund Over 11 years Manager for of experience of Reliance Tax which 4 years in Saver (ELSS) Fund equity research & Reliance Equity Opportunities Fund since Sep 2010Samir Rachh Assistant Fund Over 12 years of Manager for experience in Reliance Long equity research Term Equity Fund since Sep 2010

Rate Fund –

Since Oct 07

Reliance Liquid

Fund – Cash Plan –

Since Oct 2003

Reliance Income

Fund – From Oct 07

to Sept 08

Reliance Liquid

Plus Fund –

Since March 07

Reliance Monthly

Income Plan-

Since Oct 08

Reliance Medium

Term Fund-

Since Oct 08

Ms. Anju Over 9 years

ChhajerReliance MoneyManager FundSince Oct 2009 Reliance MediumTerm Fund - SinceOctober 2009Reliance LiquidityFund - SinceOctober 2009Reliance DualAdvantage FixedTenure Fund -Plan A-SinceMay 2010

experience in

managing Fixed

Income

portfolios

Mr. Hiren Reliance Gold ETF Over 3 years exp

Chandaria - Since May 2008 in commodity -

analysis, advisory,

dealing and

trading

Mr. Prashant Reliance NRI Income Over 7 years

Pimple Fund- Since experience in

Oct 2008 managing

Reliance Income fixed income

Fund- Since securities.

Oct 2008

Reliance Gilt

Securities Fund-

Since Oct 2008

Reliance Short

Term Fund-

Since Oct 2008

Reliance Liquid Fund-

Treasury Plan-

Since Oct 2008

Shrey Loonker Assistant Fund Over 6 years of Manager for experience in Reliance Banking finance and Fund since Sept 10 equity research


The facility of anytime withdrawal will be in addition to the physical mode

of redemption presently available to the unit holders, in any other

scheme/plan. Unitholders can opt for any of the redemption facility as per

his choice and convenience. One cash withdrawal and one balance enquiry

will be free every month on HDFC Bank ATMs only. Charges applicable on

subsequent transactions or balance enquiry. This card shall not be issued

to Minors, HUF, NRI, Pvt/Public Ltd Companies, Partnership Firms,

Proprietorship Firms, Trusts and any other category of investors as defined

in the offer document.

Debt Fund Management Team

38 Fundamentals November 2010

Features/

Scheme

Type

Inception Date

Investment

objective

Asset

Allocation

Entry Load

Exit Load

Choice of Plans

and Options

Fund Manager

Benchmark

Minimum Application

Amount

SIP

STP

SWP

SnapShot

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront

commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

equity

^ In accordance with the SEBI (MFs) Regulations, NFO expenses not

exceeding 6% of the amount mobilised, will be charged to the

scheme and will be amortised over a period of 10 years. If the

investor opts for the redemption before the completion of 10 years,

proportionate unamortised portion of the NFO expenses outstanding

as on the date of the redemption shall be recovered from such

investor.

Under each of Retail and Institutional Plan following options are included: Growth Plan (Growth Option & Bonus Option) & Dividend Plan (Dividend Payout

Option & Dividend Reinvestment Option)

Retail Plan: Rs.5000 & in multiples of Re 1 thereafter Institutional Plan: Rs.5 crore & in multiples of Re 1 thereafter

Reliance

Growth Fund

An open ended

equity growth scheme

October 8, 1995

The primary investment objective of

the scheme is to achieve long term

growth of capital by investing in

equity and equity related securities

through a research based investment

approach.

Equity & Equity Related Instruments

65%-100% & Debt & Money

Market Instrument 0% - 35%

Sunil Singhania

BSE 100

(only under Retail Plan)


(both Retail and Institutional Plan)

Reliance

Vision Fund

An open ended

equity growth scheme

October 8, 1995


the scheme is to achieve long-term

growth of capital by investing in

equity and equity related securities

through a research based investment

approach


60% - 100% & Debt Instruments

0% - 30% & Money Market

Instruments 0% - 10%

Ashwani Kumar

BSE 100



(both Retail and Institutional Plans)

Reliance Equity

Opportunities Fund

An open ended diversified equity

scheme

March 31, 2005


the scheme is to seek to generate

capital appreciation & provide long-

term growth opportunities by investing

in a portfolio constituted of equity

securities & equity related securities

and the secondary objective is to

generate consistent returns by

investing in debt and money market

securities.

Equity & Equity Related Instruments-

75%-100% & Debt & Money Market

Instruments* 0% - 25% (*including

upto 25% of the corpus in securitised

Debt). An overall limit of 50% of the

portfolio value (i.e. net assets

including cash) has been introduced

for the purpose of equity derivatives in

the scheme.

Sailesh Raj Bhan & Viral Berawala

(Assistant Fund Manager)

BSE 100




Reliance Quant Plus Fund#

An open ended equity scheme

April 18, 2008

The investment objective of the

scheme is to generate capital

appreciation through investment in

equity and equity related instruments.

The scheme will seek to generate

capital appreciation by investing in an

active portfolio of stocks selected

from S&P CNX Nifty on the basis of a

mathematical model.

Equity & Equity Related Instruments-

90%-100% & Debt & Money Market

Instruments - 0%-10%

Krishan Daga

S&P CNX Nifty




Reliance Equity Linked

Saving Fund-Series I

10 Year close ended equity linked

saving scheme

April 1, 2008


the scheme is to generate long term

capital appreciation from a portfolio

that is invested predominantly in

equities along with income tax

benefit.

Equity-80%-100% & Debt & Money

Market Instruments- 0% - 20%

Growth Plan (Growth Option) & Dividend

Plan (Dividend Payout Option)

Sailesh Raj Bhan

BSE 100

Rs 500 & in multiples of Rs 500

thereafter

(Available during specified redemption period)

(Aailable during specified redemption period)

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.


Reliance Regular

Savings Fund - Balanced Option**

An open ended scheme

June 9, 2005

The primary investment objective of this

option is to generate consistent return and

appreciation of capital by invseting in a mix

of securities comprising of equity, equity

related instruments and fixed income

instruments.

Equity and Equity Related Instruments-

50%-75%,Debt & Money Market

instruments-25%-50%

Growth Plan & Dividend Plan (Dividend Payout


Amit Tripathi & Omprakash Kuckian

#Crisil Balanced Fund Index

#Benchmark of Reliance Regular Savings

Fund Balanced Option has been changed to

Crisil Balanced Fund Index from Crisil MIP

Index with effect from 21st Feb-07

Rs. 500 & in multiples of

Re. 1 thereafter

Reliance Regular Savings

Fund-Equity Option


June 9, 2005


this option is to seek capital

appreciation and/or to generate

consistent returns by actively investing

in Equity & Equity-related Securities.

Equity and Equity related securities

80%-100% and Debt and Money

Market Instruments with an average

maturity of 5-10 yrs -0%-20%

Growth Plan & Dividend Plan (DividendPayout Option & Dividend Reinvestment

Option)

Omprakash Kuckian

BSE-100


Re. 1 thereafter

Reliance NRI

Equity Fund

An open ended diversified equity scheme

November 16, 2004

The primary investment objective of the

scheme is to generate optimal returns by

investing in equity and equity related

instruments primarily drawn from the

Companies in the BSE 200 Index.


(primarily drawn from the Companies in

the BSE 200 index. The Scheme may

also invest in listed companies that are in

the top 200 by market capitalization on

the BSE and/or in large IPO's where the

market capitalization of the Company

making the IPO based on the Issue price

would make such company to be apart

of the top 200 companies listed on the

BSE based on market capitalization.) -

65% -100% & *Debt & Money Market

Instruments 0% -35% (*including upto

35% of the corpus in securitised Debt)

Growth Plan (Growth Option, Bonus Option)& Dividend Plan ( Dividend Payout Option &

Dividend Reinvestment Option)

Om Prakash Kuckian

BSE 200

Rs 5000 and in multiples of Re 1

thereafter

Reliance Tax Saver

(ELSS) Fund

An open ended equity linked

savings scheme

September 22, 2005

The primary objective of the scheme is to

generate long-term capital appreciation

from a portfolio that is invested

predominantly in equity and equity related

instruments

Equity and Equity related securities 80%-

100% and Debt and Money Market

Instrument 0% - 20%

Nil (Lock in Period of 3 years)

Growth Plan (Growth Option) & DividendPlan (Dividend Payout Option & Dividend

Reinvestment Option)

Ashwani Kumar & Viral Berawala

(Assistant Fund Manager)

BSE 100


Rs. 500 thereafter

(Subject to 3 yrs Lock-in )



Reliance Natural

Resources Fund

An open ended equity scheme

February 26, 2008


scheme is to seek to generate capital

appreciation and provide long term growth

opportunities by investing in companies

principally engaged in the discovery,

development, production or distribution of

natural resources and the secondary

objective is to generate consistent returns by

investing in debt and money market

securities.

Equity and Equity related Securities of

companies principally engaged in the

discovery, development, production or

distribution of natural resources in: 65%-

100% ( Domestic Companies 65% -100

%, Foreign Companies as permitted by

SEBI/RBI from time to time 0 %-35 %);

Debt and Money market securities (including

investments in securitised debt*):-

0%-35% # including investments in ADRs/

GDRs/Foreign Securities/Overseas ETFs and

any other instruments as may be permitted

by SEBI/RBI upto 35%of the net assets of

the scheme, exposure in derivatives upto a

maximum of 100% of the portfolio value.

* including securitised debt upto 35%

Retail Plan & Institutional Plan 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


Retail and Institutional Plan: Growth Plan (Growth

Option and Bonus Option) & Dividend Plan (Dividend

Payout Option and Dividend Reinvestment Option)

Ashwani Kumar

A custom benchmark created using the

BSE-200 to the extent of 65% of portfolio

and MSCI World Energy Index for balance

35% of the portfolio.

Retail Plan: Rs 5000 per plan per option & inmultiples of Re 1 thereafter Institutional Plan:

Rs.5 crores & in multiples of Re 1 thereafter

(Only under Retail Plan)

(Only under Retail Plan)

(under both Retail and Institutional Plan)

Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid

directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor

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.

**Reliance Regular Savings Fund- Hybrid Option was launched onJune 9,2005 and subsequently Hybrid Option has been changed toBalanced Option w.e.f. January 13, 2007.

Fundamentals November 2010

SnapShotequity

Features/

Scheme

Type

Inception Date

Investment

objective

Asset

Allocation

Entry Load

Exit Load

Choice of Plans and

Options

Fund Manager

Benchmark

Minimum Application

Amount

SIP

STP

SWP

Reliance Long-Term

Equity Fund

An open ended diversified

equity scheme

December 27, 2006


scheme is to seek to generate long term

capital appreciation & provide long-term

growth opportunities by investing in a

portfolio constituted of equity & equity related

securities and Derivatives and the secondary


investing in debt and money market securities.

Equity and equity related securities

Instruments 70% -100%, Debt and money

market securities (including investments in

securitised debt) instruments 0%-30%. ( An

overall limit of 100% of the portfolio value

has been introduced for the purpose of equity

derivatives in the scheme)

Since it is a close ended scheme, for

subscription at the time of NFO N.A. On

ongoing basis on maturity of the scheme

when it is converted automatically into an

open ended scheme:For Subscription below

Rs 2 Crore- 2.25%,For Subscription of Rs 2

Crore & above but below Rs 5 Crore -1.25%,

For Subscription of Rs 5 Crore & above - Nil

1% if redeemed/switched out on or before

completion of 1 year from the date of allotment

of units

Nil if redeemed/switched after completion of

1year from the date of allotment of units

Growth Plan (Growth Option) & Dividend Plan

(Dividend Payout Option & Dividend


Sunil Singhania & Samir Rachh (Assistant Fund

Manager w.e.f. September 01, 2010)

BSE 200

Rs. 5000 and in multiples of Re 1 thereafter

under each plan

Retail Plan & Institutional Plan 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

Under Retail and Institutional Plan there are two options: Growth Plan (Growth Option& Bonus Option) & Dividend Plan (Dividend Payout Option & Dividend


Reliance

Equity Fund

An open ended diversified equity scheme

March 30, 2006

The primary investment objective of the scheme

is to seek to generate capital appreciation &

provide long-term growth opportunities by

investing in a portfolio constituted of equity &

equity related securities of top 100 companies

by market capitalization & of companies which

are available in the derivatives segment from

time to time and the secondary objective is to

generate consistent returns by investing in debt

and money market securities.

Equity and Equity related securities 75%

-100% and Debt and Money Market

Instrument 0% - 25%. (An overall limit of

100% of the portfolio value (i.e. net assets

including cash) has been introduced for the

purpose of equity derivatives in the schemes)

Retail Plan: For Subscription below Rs 2 crores-

2.25%, For subscription of Rs 2 crore & above

but below Rs 5 Crores- 1.25%, For subscriptions

of Rs 5 Crores & Above -Nil. Institutional Plan:

Nil

Omprakash Kuckian

S&P CNX Nifty



(under both Retail and Institutional Plans)

Reliance Equity

Advanatge Fund


equity scheme

August 9, 2007

The primary investment objective of the fund is

to seek to generate capital appreciation and

provide long term growth opportunities by

investing in a portfolio predominanatly of equity

and equity related instruments with investments

generally in S&P CNX Nifty stocks and the

secondary objective is to generate consistent

returns by investing in debt and money market

securities.

Equity and equity related securities 70%

-100%, Debt and money market securities

(including investments in securitised debt*) 0%

-30%.* Including upto 25% of the corpus in

securitised debt.(An overall limit of 100% of the

portfolio value has been introduced for the

purpose of equity derivatives in the scheme,

however the same is the notional value and it

will be seen that, the notional value of the net

exposure to the derivatives will not exceed the

fund corpus at any point of time. Notional value

shall mean value of Future or notional value of

Option)

Retail Plan: 2.25%

Institutional Plan: Nil

Ashwani Kumar & Sailesh Raj Bhan

S&P CNX Nifty



(under both Retail and Institutional Plans)

Reliance Infrastructure

Fund


equity scheme

July 20, 2009

The primary investment objective of the scheme

is to generate long term capital appreciation by

investing predominantly in equity ang equity

related instruments of companies engaged in

infrastructure and infrastructure related sectors

and which are incorporated or have their area of

primary activity, in India and the secondary


investing in debt & money market securities

Equities and equity related securities including

derivatives engaged in infrastructure sectors and

infrastructure related sectors #: 65%-100%.

Debt and Money market securities** (including

investments in securitised debt): 0% - 35%. **

including securitised debt upto 30%. #Atleast

65% of investment would be made in equity /

equity related securities of companies engaged

in infrastructure sectors and infrastructure related

sectors.

Retail Plan: 2.25%

Institutional Plan: Nil

The schemes Offers two plans, Retail Plan and

Institutional Plan. Each Plan has the following :

Growth Plan (Growth Option & Bonus Option) &

Dividend Plan (Dividend Payout Option &

Dividend Reinvestment Option)

Sunil Singhania

BSE 100



40

"Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter under each option, Institutional Plan: Rs. 5 crores in multiples of Re. 1

thereafter under each option


Equity & Equity Related Instruments- 0% (Minimum) - 80% (Most Likely) -100% (Maximum) & Debt & Money Market Instruments with Average Maturity of

5-10 years- 0% (Minimum) - 80% (Most Likely) - 100% (Maximum)

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 completion of 1 year from the date of allotment of units

Under Retail and Institutional Plan there are two options: Growth Plan (Growth Option & Bonus Option) & Dividend

Plan (Dividend Payout Option & Dividend Reinvestment Option)

Growth Plan (Growth Option & Bonus Option) & Dividend Plan (Dividend Payout Option & Dividend


Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter, Institutional Plan: Rs. 5 crore in multiples of

Re. 1 thereafter

Reliance

Banking Fund

An open ended banking sector scheme

May 28, 2003


seek to generate continuous returns by actively

investing in equity and equity related or fixed income

securities of companies in the Banking Sector

Equity & Equity Related Instruments-0%-100% &

Debt & Money Market Instruments: 0%-100%

Sunil Singhania & Shrey Loonker (Assistant Fund Manager

w.e.f. September 01, 2010)

S&P CNX Banks Index



(Both Retail & Institutional Plan)

Reliance Diversified

Power Sector Fund

An open ended power sector scheme

May 10, 2004


seek to generate continuous returns by actively

investing in equity and equity related or fixed income

securities of Power and other associated companies

Sunil Singhania

India Power Index



(Both Retail & Institutional Plan)

Reliance Media &

Entertainment Fund

An open ended media & entertainment sector

scheme

October 7, 2004


generate consistent returns by investing in equity

and equity related or fixed income securities of

Media & Entertainment and other associated

companies

Sailesh Raj Bhan

S&P CNX Media & Entertainment Index

Rs 5000 per plan per option and in multiples of Re

1 thereafter

Reliance

Pharma Fund

An open ended

pharma sector scheme

June 8, 2004


seek to generate continuous returns by investing in

equity and equity related or fixed income securities of

Pharma and other associated companies

Sailesh Raj Bhan

BSE Healthcare Index

Rs 5000 and in multiples of Re 1 thereafter



Retail Plan & Institutional Plan 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


SnapShotdebt

Features/

Scheme

Type

Inception Date

Investment

objective

Asset

Allocation

Entry Load

Exit Load

Choice of Plans and

Options

Dividend Frequencies

Dividend Periodicity$

Weekly

Monthly

Quarterly

Half yearly

Annual

Fund Manager

Benchmark

Minimum Application

Amount

SIP

STP

SWP

Reliance Medium-Term Fund

An open ended income scheme with no

assured returns

September 25, 2000


scheme is to generate regular income in

order to make regular dividend payments to

unitholders and the secondary objective is

growth of capital.

Money Market Instruments/Short Term debt

Instruments/Floating Rate Notes with maturity/

interest rate reset period not exceeding 3

months: 0% - 80%, Money Market

Instruments (CPs, T-Bills, CDs) and/or other

Short Term debt instruments (Floating Rate

Notes, Short Tenor NCDs, Securitized debt) and

any other instrument with maturity/interest rate

reset period of more than 3 months: 20% -

100%. w.e.f. September 19, 2009

Nil

Nil

Growth Plan (Growth Option) & Dividend

Plan (Dividend Payout Option & Dividend


For both Dividend Payout & Reinvestment

option - Weekly, Monthly & Quarterly. For

Dividend Reinvestment Option only - Daily

–

Tuesday

20th

20th of last month of each

calendar quarter

—

—

Amit Tripathi & Anju Chhajer

Crisil Short Term Bond Fund Index

Rs. 5,000

$ If the dividend declaration date for any of the specified frequencies is a non business day then theimmediate next business day becomes the record date.

Reliance Monthly

Income Plan

An open ended fund. Monthly Income is not

assured & is subject to the availability of

distributable surplus

January 13, 2004

The primary investment objective of the scheme is

to generate regular income in order to make regular


objective is growth of capital

Equity and Equity related Securities-0%-20%,

Fixed Income Securities 80% - 100% (Securitised

debt upto 25% of the corpus)

Nil

1% if the units are redeemed/switched out on or

before completion of 1year from the date of

allotment of units. There shall be no exit load after

completion of 1year from the date of allotment of

units.

Growth Plan & Dividend Option (Dividend Payout


Monthly & Quarterly for both the options

—

—

20th

20th of last month of each calendar quarter

—

—

Amit Tripathi & Ashwani Kumar

Crisil MIP Blended Index

For all Plans & Options Rs 5000 & in multiples

of Rs 1 thereafter

Reliance Money Manager Fund

An open ended income scheme

March 21, 2007

The investment objective of the Scheme is to

generate optimal returns consistent with

moderate levels of risk and liquidity by investing

in debt securities and money market securities

Debt* Instruments including Government

Securities, Corporate Debt, Other debt

instruments and Money Market Instruments with

average maturity less than equal to 12 months-

0% - 100%,Debt* Instruments including

Government Securities, Corporate Debt and other

debt Instruments with average maturity greater

than 12 months- 0% - 50% (*Securitised debt

upto 60% of the corpus)

Nil

Under Retail and Institutional Plan: Nil

For Retail and Institutional Plan: Growth Option,

Bonus Option, Dividend Option (Dividend

Reinvestment Option- (Daily Dividend

Reinvestment , Weekly Dividend Reinvestment ,

Monthly Dividend Reinvestment, Quarterly

Dividend Reinvestment), Dividend Payout Option-

(Monthly Dividend Payout, Quarterly Dividend

Payout)

Daily(reinvestment option),Weekly(reinvestment

option), under Monthly & Quarterly (both

reinvestment option & payout option)

–

Every Friday

19th

19th

–

-


Crisil Liquid Fund Index

For Retail Plan (All Options) - 1 lakh and in

multiples of Re 1 thereafter, For Institutional Plan

(All Options) - Rs 1 Crore and in multiples of Re

1 thereafter


-Debt Option


June 9, 2005

The primary investment objective of this

option is to generate optimal returns

consistent with a moderate level of risk.

This income may be complemented by

capital appreciation of the portfolio.

Accordingly, investments will

predominantly be made in Debt & Money

Market Instruments.

Debt Instruments( including securitised

debt) with maturity of more than 1 year

65% -100% & Money Market

Instruments (including cash/ Call Money

& Reverse Repo) and Debentures with

maturity of less than 1 year( Securitised

debt will be a part of the debt securities,

upto 25% of the corpus) - 0% -35%

Nil

Under both Retail and Institutional Plan :

2%, if redeemed/switched out on or

before completion of 1 year. Nil, if

redeemed/switched out after completion

of 1 year.

Under Retail Plan and Institutional Plan:

Growth Plan & Dividend Plan (Dividend

Payout Option & Dividend Reinvestment

Option)

NA

21st of the last month of each calendar

quarter

-

-

-

-

-

Prashant Pimple

Crisil Composite Bond Fund Index

Retail Plan: Rs. 500 per option & in

multiples of Re. 1 thereafter. Institutional

Plan: Rs. 25 lacs per option and in

multiples of Re. 1 thereafter.




#The key features of Reliance Gilt Securities Fund having Short Term Plan and Long Term Planhave been changed w.e.f August 22, 2008. Pursuant to the changes, the scheme will have RetailPlan and Institutional Plan . For more details please refer to the Addendum dated July 21, 2008.## ACAPO - Automatic Capital Appreciation Payout Option, DMDO - Defined Maturity DateOption, AARO - Automatic Annual Reinvestment Option.

Reliance Short Term Fund


December 23, 2002


generate stable returns for investors with a short

term investment horizon by investing in fixed income

securitites of a short term maturity

Debt & Money market instruments with average

maturity upto 1 year:- 60% - 100%; Debt

instruments with average maturity greater than a year

and normally upto 7 years depending upon

availability:- 0% - 40%

Nil

Nil


(Dividend Payout Option & Dividend Reinvestment

Option)

Monthly & Quarterly for both options

—

—

25th


calendar quarter

—

—

Prashant Pimple


Rs. 5,000 and in multiples of Re 1 thereafter

Reliance

Income Fund


January 1, 1998



level of risk. This income may be complemented by

capital appreciation of the portfolio.Accordingly,

investments shall predominantly be made in Debt &

Money Market Instruments

Debt Instruments 50% - 100%, Money Market

Instruments 0% - 50%

Nil

1% of the applicable NAV if the units are redeemed/

switched out on or before completion of 30 days

from the date of allotment of units. There shall be

no exit load after completion of 30 days from the

date of allotment of units.

Under Retail Plan: Growth Plan (Growth Option,

Bonus Option) & Dividend Plan (Dividend Payout


Monthly, Quarterly, Half Yearly, Annual for both

options

—

—

19th


calendar quarter


financial year

19th March

Prashant Pimple


For Growth Option: Rs. 5,000; Monthly Dividend

Plan: Rs 25,000 and in multiples of Re 1 thereafter;

Quarterly Dividend Plan: Rs 10,000 and in multiples

of Re1 thereafter; Half Yearly Dividend Plan: Rs

5,000 and in multiples of Re 1 thereafter; Annual

Dividend Plan: Rs 5,000 and in multiples of Re 1

thereafter.

# Reliance Gilt Securities Fund

An open ended government securities scheme

August 22, 2008


generate optimal credit risk-free returns by investing

in a portfolio of securities issued and guaranteed by

the Central Government and State Government

Gilts 70% - 100%, Money Market Instruments 0%

- 30%

For Retail Plan and Institutional Plan: Nil

Retail Plan & Institutional Plan: Nil

Growth Option , Dividend Plan (Dividend Payout

Option & Dividend Reinvestment Option) & Provident

Fund (PF) Option (ACAPO,DMDO,AARO).##

Monthly

–

-

25th

-

-

-

Prashant Pimple

I Sec - Li Bex

Retail: Rs. 10,000 Institutional Plan: Rs. 1 crore

(Retail Plan)

(Retail Plan)

(Retail Plan & Institutional Plan)

Reliance Dynamic Bond Fund


November 16, 2004



levels of risk. This income may be complemented by

capital appreciation of the portfolio. Accordingly,

investments shall predominantly be made in Debt &

money market Instruments

Debt instruments -0% - 100%. *Investment in

securitised debts upto 40% may be undertaken.

Nil

1.00%, if the units are redeemed within 6 months

from the date of allotment of units. Nil, if units are

redeemed after six months from the date of allotment

of units



Option)

-

–

-

-

-

-

-

Prashant Pimple






Features/

Scheme

Type

Inception Date

Investment objective

Asset

Allocation

Entry Load

Exit Load

Choice of Plans and

Options

Dividend Frequencies

Dividend Periodicity$

Weekly

Monthly

Quarterly

Half yearly

Annual

Fund Manager

Benchmark

Minimum Application

Amount

SIP

STP

SWP

SnapShotdebt

Reliance Liquidity Fund

An open ended liquid scheme

June 16, 2005

The investment objective of the Scheme is to


moderate levels of risk and high liquidity.

Accordingly, investments shall predominantly be

made in Debt and Money Market Instruments.

Repo and Reverse Repo 0% - 35%,Money

Market Instruments (Mibor linked instruments,

CPs, T-Bills, CDs) and/or other Short Term

instruments (Floating Rate Notes, Short Tenor

NCDs, PTCs) and/or Less than 1 year maturity

Gsecs- 65% -100%

Nil

Nil

Growth Option, Bonus Option & Dividend

Option (Dividend Payout Option & Dividend


Daily(Dividend Reinvestment),Weekly(Dividend

Reinvestment), Under Monthly & Quarterly

options (both dividend reinvestment & dividend

payout)

–

Every Friday

25th

19th

-

-



Rs 5 Crore and in multiples of Re 1 thereafter

$ If the dividend declaration date for any of the specified frequencies is a non business day then the immediate next business day becomes the record date.

@ The fundamental attributes of Reliance Liquid Fund – Cash Plan will be changed w.e.f. Nov 9, 2010. Please refer addendum No 45 dated Sep 30, 2010 available on Downloads section of ourwebsite www.reliancemutual.com

Reliance Floating Rate Fund - Short Term Plan

An open ended income Scheme

September 2, 2004

The primary investment objective of the scheme is

to generate regular income through investment in a

portfolio comprising substantially of Floating Rate

Debt Securities (including floating rate securitised

debt, Money Market Instruments and Fixed Rate

Debt Instruments swapped for floating rate returns)

The scheme shall also invest in Fixed Rate Debt

Securities (including fixed rate securitised debt,

Money Market Instruments and Floating Rate Debt

Instruments swapped for fixed returns).

Fixed Rate Debt Securities (including securitized

debt, Money Market Instruments & Floating Rate

Debt Instruments swapped for fixed rate

returns):- 0% - 75%. Money market instruments

and Floating Rate Debt Securities (including

floating rate securitised debt & Fixed rate debt

instruments & Floating Rate Debt Instruments

swapped for Fixed Rate returns) with tenure

exceeding 3 months upto a maturity of 3 years:-

25% - 100%

Nil

0.25%, if the units are redeemed within 1

months from the date of allotment (w.e.f. June 3,

2010). Nil thereafter



Option)

Under Payout Option (Weekly, Monthly,

Quarterly), Under Reinvestment Option (Daily,

weekly, Monthly, Quarterly)

–

Every Tuesday

19th

19th

—

—

Amit Tripathi



Reliance Liquid Fund-Cash Plan@


December 7, 2001

The investment objective of the scheme is to


moderate levels of risk and high liquidity.

Accordingly, investments shall predominantly

be made in Debt and Money Market

Instruments

Reverse Repo & CBLO 0% - 100% Mibor

Linked instruments with daily Put/ Call Options

and Overnight Interest Rate Reset Linked Debt

Instruments*0% - 100% *Investments in

Overnight Interest Rate Reset Linked Debt

Instruments (with maturity or put/call greater

than one day) shall not exceed 50% of the

corpus of the scheme.

Nil

Nil

Growth Option (Growth Option) & Dividend

Option (Dividend Reinvestment & Dividend

Payout Option)

Daily (Dividend Reinvestment),Weekly

(Dividend Reinvestment), Under Monthly &

–

Every Friday

-

-

Amit Tripathi


Rs. 5,000 and in multiples of Re 1

thereafter

Reliance Liquid Fund-Treasury Plan


March 23, 1998


scheme is to generate optimal returns

consistent with moderate levels of risk and

high liquidity. Accordingly, investments shall

predominantly be made in Debt and Money

Market Instruments

Call Money/Cash/Repo and Reverse Repo 0%

- 50%,Money Market Instruments (Mibor

linked instruments, CPs, T-Bills, CDs and/or

other Short Term papers) 0% - 95%

Nil

Nil

Under Retail Plan & Institutional Plan: Growth

Option & Dividend Option (Dividend Payout


Daily (Dividend Reinvestment),Weekly

(Dividend Reinvestment), Under Monthly &

Quarterly options (both dividend reinvestmentQuarterly options (both dividend reinvestment

& dividend payout)& dividend payout)

–

Every Friday

25th25th

19th19th

-

-

Prashant Pimple


Retail Plan: Rs. 5,000 and in multiples of Re 1

thereafter Institutional Plan: Rs. 1,00,00,000

and in multiples of Re 1 thereafter

(Retail Plan)

(Retail Plan)




SnapShotETF

Reliance Gold Exchange

Traded Fund

An open ended gold exchange traded fund

November 22, 2007

The investement objective is to seek to provide returns that closely correspond to returns provided by price

of Gold through investment in physical Gold (and Gold related securities as permitted by Regulators from

time to time). However, the performance of the scheme may differ from that of the domestic prices of

Gold due to expenses and or other related factors. However, there can be no assurance that the

investment objective of the scheme will be achieved.

Physical Gold or Gold related Instruments as permitted by regulators from time to time^-90-100%,

Money Market Instrument, Bonds, Debentures, Government Securities including T-Bills, Securitised Debt**

& other debt securities as permitted by regulators from time to time-0-10%(** upto 10% in securitised

debt)

Nil

Nil

Dividend Pay out option

NA

NA

NA

NA

NA

NA

NA

Hiren Chandaria

As there are no indices catering to gold sectors/securities linked to Gold, currently GETF shall be benchmarked against the price of Gold

On going purchase directly from mutual fund would be available only to the Authorised Participants provided the

value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business

day for the scheme directly from the mutual fund at applicable NAV and transaction charges, if applicable, by

depositing Gold or cash, value of which is equal to creation size. Each creation unit consists of 1000 units and

cash components, if any, of Reliance Gold Exchange Traded Fund. The minimum number of units that can be

bought or sold through the stock exchange is 1 (one) unit.

Reliance Banking Exchange

Traded Fund

An open ended, exchange listed, index linked scheme (tracking CNX Bank Index).

June 24, 2008

The investment objective of Reliance Banking Exchange Traded Fund (RBETF) is to provide returns that,

before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank

Index. However, the performance of Scheme may differ from that of the underlying index due to tracking

error. There can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Securities covered by the CNX Bank Index- 90-100%;

Money Market instruments including CBLO- 0-10%

Nil

Nil

—

Krishan Daga

CNX Bank Index

On going purchases directly from the Mutual Fund would be restricted to Authorised Participants and Large Investors

provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may

buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction

charges, if applicable, by transfering stocks or cash, value of which is equal to creation unit size. Each creation unit

consist of 10,000 units and cash component, if any, of Reliance Banking Exchange Traded Fund. On ongoing basis

for all category of investors, they can purchase the units from the exchange with minimum size being 1 unit

^ Presently, investment only in physical gold is allowed as per SEBI guidelines. Investment in goldrelated instruments maybe undertaken as and when permitted by SEBI.



46 Fundamentals Nov 2010

Features/ Scheme Reliance Small Cap Fund Reliance Index Fund - Sensex Plan

Reliance Index Fund - NiftyPlan

Reliance Arbitrage Advantage Fund

Type An open ended equity growth scheme An Open Ended EquityScheme

An Open Ended Index LinkedScheme

An Open Ended Arbitrage Scheme

Inception Date 21-Sep-10 1-Oct-10 1-Oct-10 20-Oct-10

InvestmentObjective

The primary investment objectiveof the scheme is to generate longterm capital appreciation by investingpredominantly in equity and equityrelated instruments of small capcompanies and the secondary objectiveis to generate consistent returns byinvesting in debt and money marketsecurities.

The primary investmentobjective of the scheme isto replicate the compositionof the SENSEX, with a viewto generate returns that arecommensurate with theperformance of the SENSEX,subject to tracking errors.

Theprimary investmentobjectiveof the scheme is to replicatethe composition of the NIFTY,with a view to generate returnsthat are commensurate withthe performance of the NIFTY,subject to tracking errors.

The investment objective of thescheme is to generate income bytaking advantage of the arbitrageopportunities that potentiallyexists between cash and derivativemarket and within the derivativesegment along with investmentsin debt securities & money marketinstruments.

Asset Allocation Equity & Equity Related Securitiesof Small Cap Companies includingDerivatives# 65%-100% & Equity &Equity Related Securities of companiesother than Small Cap Companiesincluding Derivatives# 0%-35% Debt& Money Market Securities**(includinginvestments in securitised debt) 0% -35%. **Securitised debt may go upto30% of the corpus. # The Schemeproposes to invest at least 65% ofthe corpus in Equity & equity relatedinstruments of small cap companieswhich may go upto 100% of thecorpus. The investment in Equity &equity related instruments of anyother companies other than smallcap companies will be in the range of0-35% of the corpus

Equities and equity relatedsecurities covered by theSensex:-95% - 100% &Cash/CBLO/Repo & ReverseRepo & Money Marketinstruments (CPs,CDs, Tbills,Mibor linked instruments withdaily Put/Call options& overnight Interest rateReset Linked Instruments),butexcluding Subscription andRedemption Cash Flow #

Equity & Equity RelatedSecurities covered by Nifty-95%-100% & Cash/CBLO/Repo & Reverse Repo &Money Market instruments(CPs,CDs, Tbills, Mibor linkedinstruments with daily Put/Calloptions & overnight Interestrate Reset Linked Instruments)but excluding Subscription andRedemption Cash Flow #: 0%- 5%. #Subscription Cash Flowis the subscription money intransit before deployment andRedemption Cash Flow is themoney kept aside for meetingredemptions

Under normal circumstances, theanticipated asset allocation wouldbe:Equities and equity relatedinstruments, Derivatives includingindex futures, stock futures, indexoptions, & stock options, etc. #65%-90%. Debt and Moneymarket instruments** (includinginvestments in securitized debt) 10%- 35%. When adequate arbitrageopportunities are not available in theDerivative and Equity markets, theanticipated alternate asset allocationon defensive considerations would bein accordance with the allocation givenbelow. However, in case no arbitrageopportunity is available, then100% of the remaining investiblecorpus (to the extent not deployedin arbitrage opportunities in the assetallocation pattern mentioned above)will be deployed in short term debtand money market instrumentswith tenure not exceeding 91 days(including investments in securitizeddebt). In this scenario also, theallocation in Equities and equityrelated instruments, Derivativesincluding index futures, stock futures,index options, and stock options, etcwill continue to be made in arbitrageopportunities only. Equities and equityrelated instruments, Derivativesincluding index futures, stockfutures, index options, & stock options,etc. (Only arbitrage opportunities)#0%-65%. Debt and Money marketinstruments** (including investmentsin securitized debt) 10%-35%.Short term Debt and Money marketinstruments not exceeding tenure of91 days**(including investments in securitizeddebt)0%-100%. # the exposureto derivatives shown in the aboveasset allocation tables is exposuretaken against the underlying equityinvestments and should not beconsidered for calculating the totalasset allocation and/or investmentrestrictions on the issuer. The idea isnot to take additional asset allocationwith the use of derivative. The marginmoney deployed on these positionswould be included in Money Marketcategory.** including securitized debtup to 30%

Entry Load Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on theinvestors' assessment of various factors including the service rendered by the distributor

Exit Load 2%- If redeemed or switched out onor before completion of 12 monthsfrom the date of allotment of units

If redeemed or switched outafter 12 months but on or beforecompletion of 24 months from thedate of allotment of units

Nil - If redeemed or switched outafter the completion of 24 monthsfrom the date of allotment of units

1% of the applicable NAV ifredeemed or switched out onor before completion of 1 yearfrom the date of allotment ofunits. There shall be no exitload after completion of 1year from the date of allotmentof units

1% of the applicable NAV ifredeemed or switched out on orbefore completion of 1 yearfrom the date of allotment ofunits. There shall be no exit loadafter completion of 1 year fromthe date of allotment of units

1% if redeemed/switched on orbefore completion of 12 monthsfrom the date of allotment of units.Nil if redeemed/switched aftercompletion of 12 months from thedate of allotment of units.

Choice of Plans and Options

Growth Plan (Growth Option &Bonus Option) & Dividend Plan(Dividend Payout Option & DividendReinvestment Option)

Growth Plan (Growth Option) &Dividend Option (Dividend PayoutOption & Dividend Reinvestment

Growth Plan (Growth Option & Bonus Option),

Dividend Plan (Payout Option & Reinvestment

Option), Quarterly Dividend Option, Half Yearly

Dividend Option, Annual Dividend Option

Growth Plan (Growth Option & Bonus Option),

Dividend Plan (Payout Option & Reinvestment

Option), Quarterly Dividend Option, Half Yearly

Dividend Option, Annual Dividend Option Option)

Fund Manager Sunil Singhania Krishan Daga Krishan Daga Krishan Daga

Benchmark BSE Small Cap Index BSE SENSEX INDEX S&P CNX NIFTY INDEX Crisil Liquid Fund Index

MinimumApplication Amount

Rs 5000 and in multiples of Re. 1 thereafter

Div

ers

ified

Equit

yFu

nds


Marcom/Factsheet/January09/Ver2.1/17/01/09

Statutory Details: Reliance Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882. Sponsor Reliance Capital Ltd. Trustee Reliance Capital Trustee Company Limited. Investment Manager Reliance Capital Asset Management Limited (Registered Office of Trustee & Investment Manager: “Reliance House” Nr. Mardia Plaza, Off. C.G. Road, Ahmedabad 380 006). The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of Rs.1 lakh towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. Risk Factors Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. Reliance Equity Advantage Fund, Reliance NRI Equity Fund, Reliance Vision Fund, Reliance Quant Plus Fund, Reliance Equity Fund, Reliance Growth Fund, Reliance Long Term Equity Fund, Reliance Equity Opportunities Fund, Reliance Regular Savings Fund - Equity, Option, Reliance Regular Savings Fund - Balanced Option, Reliance Infrastructure Fund, Reliance Natural Resources Fund, Reliance Banking Fund, Reliance Diversi-fied Power Sector Fund, Reliance Media & Entertainment Fund, Reliance Pharma Fund, Reliance Tax Saver (ELSS) Fund, Reliance Money Manager Fund, Reliance Medium Term Fund, Reliance Liquidity Fund, Reliance Liquid Fund, Reliance Floating Rate Fund - Short Term Plan, Reliance Short Term Fund, Reliance Regular Savings Fund - Debt Option, Reliance Income Fund, Reliance Dynamic Bond Fund, Reliance Gilt Securities Fund, Reliance Monthly Income Plan, Reliance Gold Exchange Traded Fund, Reliance Banking Exchange Traded Fund, Reliance Small Cap Fund, Reliance Arbitrage Advantage Fund, Reliance Index Fund - Nifty Plan and Reliance Index Fund - Sensex Plan are only the names of the Schemes and does not in any manner indicates either the quality of the Scheme; its future prospects or returns. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer proce-dures. For details of scheme features and for Scheme specific risk factors please refer to the Scheme Information Document which is available at all the DISC / Distributors / www.reliancemutual.com. Please read the Scheme Information Document and Statement of Additional Information carefully before investing.

Disclaimers: The Fund Edge and Fund Snap Shot “Fundamentals” is meant for general reading purpose only and is not meant to serve as a professional guide for the readers.

This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The Sponsor, The

Investment Manager, The Trustee or any of their respective directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy,

completeness, adequacy and reliability of such information. Whilst no action has been solicited based upon the information provided herein, due care has been taken to

ensure that the facts are accurate and opinions given fair and reasonable. This information is not intended to be an offer or solicitation for the purchase or sale of any financial

product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent

professional advice and arrive at an informed investment decision before making any investments. None of The Sponsor, The Investment Manager, The Trustee, their respective

directors, employees, affiliates or representatives shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits

arising in any way from the information contained in this material. The Sponsor, The Investment Manager, The Trustee, any of their respective directors, employees including

the fund managers, affiliates, representatives including persons involved in the preparation or issuance of this material may from time to time, have long or short positions

in, and buy or sell the securities thereof, of company(ies) / specific economic sectors mentioned herein.

An earning member of my family

Toll free: 1800-300-11111

SMS 'SIP' to 561617www.reliancemutual.com

Charges upto Rs. 3/ SMS.

Reliance Systematic InvestmentPlan (SIP)

SIP is a Special Product available only in selected Schemes of Reliance Mutual Fund. Entry load will be Nil and Exit load as applicable in the respective Scheme at the time of registration will be applicable. The unit holder is free to discontinue from the SIP facility at any point of time by giving necessary instructions. Statutory Details: Reliance Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882. Sponsor: Reliance Capital Limited. Trustee: Reliance Capital Trustee Company Limited. Investment Manager: Reliance Capital Asset Management Limited (Registered Office of Trustee & Investment Manager: "Reliance House" Nr. Mardia Plaza, Off. C.G. Road, Ahmedabad 380 006). The Sponsor, the Trustee and the Investment Manager are incorporated under the Companies Act 1956. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of Rs.1 lakh towards the setting up of the Mutual Fund and such other accretions and additions to the corpus. Risk Factors: Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. The names of the Schemes do not in any manner indicate either the quality of the Scheme; its future prospects or returns. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. All dividend distributions are subject to the availability of distributable surplus in the Scheme. For details of Scheme features apart from those mentioned above and for Scheme specific risk factors, please refer to the Scheme Information Document which is available at all the DISC, Distributors and www.reliancemutual.com. Please read the Scheme Information Document and Statement of Additional Information carefully before investing.

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