Reliance Factsheet 16-06-2011 WEB

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Equity Diversied Large Cap Reliance Vision Fund................................................................................................................................... Reliance Equity Advantage Fund. .............................................................................................................. Reliance Quant Plus Fund .......................................................................................................................... Reliance NRI Equity Fund .......................................................................................................................... Reliance Equity Fund .................................................................................................................................. Index Reliance Index Fund - Nifty Plan ............................................................................................................. Reliance Index Fund - Sensex Plan .......................................................................................................... Diversied Mid Cap & Small Cap Reliance Growth Fund ................................................................................................................................ Reliance Long Term Equity Fund ............................................................................................................... Reliance Small Cap Fund .......................................................................................................................... Diversied Multi Cap Reliance Regular Savings Fund Equity Option ...................................................................................... Reliance Equity Opportunities Fund .......................................................................................................... Balanced Reliance Regular Savings Fund Balanced Option .................................................................................. Diversied Theme Based Reliance Infrastructure Fund ...................................................................................................................... Reliance Natural Resources Fund .............................................................................................................. Sector Reliance Banking Fund ............................................................................................................................... Reliance Diversied Power Sector Fund.................................................................................................... Reliance Media & Entertainment Fund..................................................................................................... Reliance Pharma Fund ............................................................................................................................... Tax Saver Reliance Tax Saver (ELSS) Fund ................................................................................................................ Reliance Equity Linked Saving Funds - Series 1 ...................................................................................... Arbitrage Reliance Arbitrage Advantage Fund........................................................................................................... ETF Reliance Banking Exchange Traded Fund Fixed Income Liquid Reliance Liquidity Fund .............................................................................................................................. Reliance Liquid Fund Treasury Plan ........................................................................................................ Reliance Liquid Fund Cash Plan .............................................................................................................. Ultra Short Term Reliance Floating Rate Fund Short Term Plan....................................................................................... Reliance Money Manager Fund ................................................................................................................ Reliance Medium Term Fund ..................................................................................................................... Short Term Reliance Short Term Fund .......................................................................................................................... Long Term Reliance Regular Savings Fund Debt Option ......................................................................................... Reliance Income Fund................................................................................................................................ Dynamic Reliance Dynamic Bond Fund ................................................................................................................... Gilt Reliance Gilt Securities Fund ..................................................................................................................... MIP Reliance Monthly Income Plan ................................................................................................................. Gold ETF Reliance Gold Exchange Traded Fund ....................................................................................................... FOF Reliance Gold Savings Fund .......................................................................................................................
Fundamentals June 2011
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36 36
Equity : Diversified Large Cap
FUND DATA
Type......................... Open-ended Equity Growth Scheme Date of allotment........................................... .08/10/1995 Inception Date............................................... . .08/10/1995 Quarterly AAUM: . . . . . . Rs. 2936 Crores (31/03/2011) 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.
Reliance Vision Fund

INVESTMENT 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.
VOLATILITY MEASURES: Beta: 0.8382 Standard Deviation: 3.7368 R Squared: 0.9187 Sharpe Ratio : 0.0148 Portfolio Turnover Ratio: 0.88 Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Vision Fund-Growth Plan Reliance Vision Fund-Bonus Plan Reliance Vision Fund-Dividend Plan Reliance Vision Fund-Institutional Growth Reliance Vision Fund-Institutional Dividend Rs. 267.4692 44.9261 39.3642 267.7933 241.6629
Benchmark. . . . . . . . . . . . . . . . . . . . . . . . . BSE 100 PORTFOLIO OF RELIANCE VISION FUND as on May 31, 2011 Holdings Weightage EquitiesState Bank Of India 6.65 Maruti Suzuki India Ltd 5.30 Infosys Technologies Ltd 5.01 Glaxosmithkline Pharmaceuticals Ltd 5.00 Divis Laboratories Ltd 4.95 Bharat Petroleum Corporation Ltd 4.87 ICICI Bank Ltd 4.65 Aventis Pharma Ltd 4.30 Cadila Healthcare Ltd 4.26 Siemens Ltd 3.83 Hindustan Petroleum Corporation Ltd 3.56 Bharat Forge Ltd 3.55 Oil & Natural Gas Corporation Ltd 3.54 Reliance Industries Ltd 3.46 Tata Steel Ltd 3.06 Coal India Ltd 2.94 Axis Bank Ltd 2.65 Tata Consultancy Services Ltd 2.49 Larsen & Toubro Ltd 2.36 Automotive Axles Ltd 2.16 United Spirits Ltd 1.91 Indian Oil Corporation Ltd 1.77 Reliance Infrastructure Ltd 1.68 Ranbaxy Laboratories Ltd 1.53 Tata Motors Ltd 1.12 Mahindra Forgings Ltd 1.11 Equity Less Than 1% of Corpus 5.26 Sub Total of Equities 92.97 Warrants, Derivatives, Cash and Other 7.03 Receivables GRAND TOTAL 100.00
PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %
Warrants,Derivatives,Cash and Other Receivables 7.03
DIVIDEND HISTORY Rate Cum *ExDate (Re/ Dividend Dividend Unit) NAV 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 43.57 41.12 3/18/2011 4.00 41.04 36.93 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 VISION FUND vs BSE 100 INDEX AS ON MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark (%) 6 months -5.72 -5.45 1 Year 6.70 7.52 3 Years 8.07 3.83 5 Years 13.52 12.53 Since Inception 23.36 12.04 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.
Equities 92.97
SECTOR ALLOCATION AS ON MAY 31, 2011
Retailing Telecom - Services Consumer Non Durables Construction Project Power Auto Ancillaries Minerals/Mining Ferrous Metals Oil Industrial Capital Goods Industrial Products Software Auto Petroleum Products Banks Pharmaceuticals
0.75% 0.78% 1.91% 2.36% 2.67% 2.77% 2.94% 3.06% 3.54% 4.58% 4.78% 7.50% 7.69% 13.66% 13.95% 20.05%
SPECIAL FEATURE Reliance Any Time Money Card
SIP RETURN as on May 31, 2011 Period SIP Start Date Current NAV (As on 31/05/2011) Total No. of units accumulated Total Amount Invested in Rs. Market Value if invested in Scheme in Rs. Market Value if invested in Benchmark in Rs. Return on SIP in Scheme Return on SIP in Benchmark (BSE 100) 1 Year 6/1/2010 267.47 44.08 12000.00 11791.21 11822.34 -3.37% -2.87% 3 Year 6/1/2008 267.47 175.23 36000.00 46868.86 45634.97 18.23% 16.32% 5 Year Since inception 6/1/2006 10/8/1995 267.47 267.47 301.98 7302.57 60000.00 188000.00 80770.59 1953213.75 77664.29 720547.86 11.96% 26.32% 10.37% 15.59%
Industry Classication as per AMFI.
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 ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Retail Plan - Growth Plan. 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 rst 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 : Diversified Large Cap
FUND DATA Type. . . . . . .Open-ended Diversified Equity Scheme Date of allotment . . . . . . . . . . . . . . . 08/08/2007 Inception Date . . . . . . . . . . . . . . . . . . 09/08/2007
Quarterly AAUM: . . . .Rs. 1052 Crores (31/03/2011)
VOLATILITY MEASURES: Beta: 0.8854 Standard Deviation: 3.818 R Squared: 0.9821 Sharpe Ratio : 0.0136 Portfolio Turnover Ratio: 1.36 Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Equity Advantage Fund-Growth Plan Reliance Equity Advantage Fund-Bonus Plan Reliance Equity Advantage Fund-Dividend Plan Reliance Equity Advantage FundInstitutional Bonus Plan Reliance Equity Advantage FundInstitutional Dividend Plan DIVIDEND HISTORY Date 2/18/2011 Rate (Re/ Unit) 1.00 Cum Dividend NAV 12.5284 *ExDividend NAV 11.6183 Rs. 12.8476 12.8476 11.8291 13.0836 12.0650
Reliance Equity Advantage Fund

The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm 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.
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,Sailesh Raj Bhan Entry Load* . . . . . . . . . . . . . . . . . . . . Retail Plan ;Nil . . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan ; Nil Exit Load . . . . . . . . ......(w.e.f. from 24th Aug 2009) Retail Plan & Institutional Plan completion of 1 year from the date of allotment of units 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. . . . . . . . . . . . . . . . . . . . .S&P CNX Nifty
Warrants, Cash and Other Receivables 3.37
Equities 96.63

Chemicals Media & Entertainment Auto Ancillaries Industrial Products Non -Ferrous Metals Retailing Power Industrial Capital Goods Consumer Non Durables Telecom - Services Oil Pharmaceuticals Finance Construction Project Ferrous Metals Auto Software Petroleum Products Banks 0.31% 0.56% 1.02% 1.13% 1.90% 2.06% 2.35% 2.44% 2.56% 3.15% 3.39% 3.50% 3.79% 4.54% 6.42% 8.68% 13.61% 14.02% 19.50%
PORTFOLIO OF RELIANCE EQUITY ADVANTAGE FUND as on May 31, 2011 Holdings Weightage Equity Infosys Technologies Ltd 8.76 Maruti Suzuki India Ltd 7.43 Reliance Industries Ltd 6.70 HDFC Bank Ltd 6.66 ICICI Bank Ltd 6.56 HCL Technologies Ltd 4.81 Larsen & Toubro Ltd 4.54 Tata Steel Ltd 4.45 State Bank Of India 4.05 Bharat Petroleum Corporation Ltd 3.98 Housing Development Finance Corp. Ltd 3.79 Oil & Natural Gas Corporation Ltd 3.39 Hindustan Petroleum Corporation Ltd 3.33 Bharti Airtel Ltd 2.64 Bharat Heavy Electricals Ltd 2.44 Federal Bank Ltd 2.24 Trent Ltd 2.06 ITC Ltd 1.95 Sterlite Industries Ltd 1.90 Reliance Infrastructure Ltd 1.31 Tata Motors Ltd 1.26 Steel Authority Of India Ltd 1.25 Sun Pharmaceutical Industries Ltd 1.20 Ranbaxy Laboratories Ltd 1.19 Bharat Forge Ltd 1.13 Divis Laboratories Ltd 1.11 Torrent Power Ltd 1.05 Kirloskar Oil Engines Ltd 1.02 Equity Less Than 1% of Corpus 2.77 Sub Total of Equities 94.93 Equity Equivalents 1.70 Total of Equity & Equity Equivalents 96.63 Warrants,Cash and Other Receivables 3.37 GRAND TOTAL 100.00
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 EQUITY ADVANTAGE FUND vs S&P CNX NIFTY AS ON MAY 31, 2011 Period 6 months 1 Years 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) -3.77 11.40 6.71 N.A. 7.47 -5.16 9.32 4.51 N.A. 6.31
Past performance may or may not be sustained in the 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 that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV. SPECIAL FEATURE Reliance Any Time Money Card
Equity: Diversified Large Cap
FUND DATA Type .................................. Open-ended Equity Scheme Date of allotment ....................................18/04/2008 Inception Date .........................................18/04/2008 Quarterly AAUM: ............Rs. 91 Crores (31/03/2011) 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) Retail Plan & Institutional Plan 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
NAV AS ON MAY 31, 2011 Reliance Quant Plus Fund-Growth Plan Reliance Quant Plus Fund-Bonus Plan Reliance Quant Plus Fund-Dividend Plan DIVIDEND HISTORY Date Rate (Re/ Unit) Cum Dividend NAV
Rs. 13.3780 13.3776 10.9263
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.
*ExDividend NAV
3/24/2011 2.50 13.2676 11.1021 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 QUANT PLUS FUND RETAIL PLAN - GROWTH VS S&P CNX NIFTY AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Inception date - April 18, 2008 Returns of Returns of Scheme (%) Benchmark (%) -5.37 15.49 10.48 N.A 9.78 -5.16 9.32 4.51 N.A 3.74
Benchmark ............................................... S&P CNX Nifty PORTFOLIO OF RELIANCE QUANT PLUS FUND as on May 31, 2011 Holdings Weightage 9.13 8.09 7.97 7.58 6.41 6.03 5.65 5.04 4.97 4.31 29.07 94.25 5.75 100.00 Equity Infosys Technologies Ltd ITC Ltd Reliance Industries Ltd ICICI Bank Ltd State Bank Of India HDFC Bank Ltd Tata Consultancy Services Ltd Larsen & Toubro Ltd Tata Motors Ltd Tata Steel Ltd Other Equities Sub Total of Equities Warrant,Cash and Other Receivables GRAND TOTAL
Warrants,Cash and Other Receivables 5.75
Equities 94.25
Past performance may or may not be sustained in future. Reliance Index Fund Sensex Plan and Nifty Plan was launched on Feb 8,2005. Subsequently the trustees of RMF (w.e.f April 18,2008) changed the features of the scheme and renamed the same as Reliance Quant Plus Fund. For more details on the features of Reliance Quant Plus Fund please refer addendum to the offer document dated 17th March 08.
VOLATILITY MEASURES: Beta: Standard Deviation: 0.8866 3.8356 0.9756 0.0303 2.25
Finance Industrial Capital Goods Non - Ferrous Metals Telecom - Services Pharmaceuticals Power Ferrous Metals Construction Project Oil Auto Petroleum Products Consumer Non Durables Software Banks
1.91% 2.98% 2.99% 3.00% 3.64% 4.23% 4.31% 5.04% 5.60% 7.36% 7.97% 8.09% 14.78% 22.34%
R Squared: Sharpe Ratio : Portfolio Turnover Ratio:
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011)
FUND DATA Type. . . . . . .Open-ended Diversified Equity Scheme Date of allotment:...................................... 15/11/2004 Inception Date............................................16/11/2004 Quarterly AAUM: . . . .Rs. 122 Crores (31/03/2011) 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 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 PORTFOLIO OF RELIANCE NRI EQUITY FUND as on May 31, 2011 Holdings EquitiesOracle Financial Serv Software Ltd HCL Technologies Ltd Weightage % 5.74 5.53 5.53 5.32 5.29 5.15 4.95 4.94 4.91 4.86 4.79 4.71 4.67 4.17 3.53 3.49 3.27 3.22 3.04 2.95 2.94 2.84 95.84 4.16 100.00
Reliance NRI Equity Fund

INVESTMENT OBJECTIVE 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
VOLATILITY MEASURES Beta: Standard Deviation: R Squared: Sharpe Ratio : Portfolio Turnover Ratio:
0.9346 4.1734 0.9157 0.0379 0.53
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance NRI Equity Fund-Growth Plan Reliance NRI Equity Fund-Bonus Plan Reliance NRI Equity Fund-Dividend Plan DIVIDEND HISTORY Date 8/7/2006 1/29/2007 8/17/2007 3/14/2008 9/18/2009 Rate (Re/ Unit) 1.00 2.50 2.00 1.50 4.00 Cum Dividend NAV 19.6692 23.9940 22.4467 21.3340 23.5344 *EX Dividend NAV 18.6693 21.3911 20.7827 18.5803 19.7095 Rs. 39.2327 39.2327 20.8056
Oil India Ltd Cummins India Ltd Maruti Suzuki India Ltd Corporation Bank Grasim Industries Ltd State Bank Of India Reliance Industries Ltd Dr. Reddy'S Laboratories Ltd Infosys Technologies Ltd Tata Motors Ltd ICICI Bank Ltd Mundra Port & Special Eco Zone Ltd Larsen & Toubro Ltd Glenmark Pharmaceuticals Ltd Hindustan Petroleum Corporation Ltd Bharti Airtel Ltd Aurobindo Pharma Ltd Sterlite Industries Ltd Motherson Sumi Systems Ltd Pantaloon Retail (India) Ltd Sub Total of Equities Cash and Other Receivables GRAND TOTAL
3/3/2011 2.50 23.0132 20.5056 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 NRI EQUITY FUND VS BSE 200 INDEX AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Scheme (%) -5.59 9.45 12.37 17.46 23.19 Returns of Benchmark (%) -6.11 6.94 4.13 12.27 17.90
Cash and Other Receivables 4.16
Equities 95.84
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 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.
SECTOR ALLOCATION AS ON MAY 31, 2011 as on May 31, 2011

Retailing Auto Ancillaries Non - Ferrous Metals Telecom - Services Construction Project Transportation Textile Products Industrial Products Oil Petroleum Products Auto Pharmaceuticals Banks Softw are 2.84% 2.94% 2.95% 3.22% 3.53% 4.17% 4.95% 5.32% 5.53% 8.18% 10.00% 11.39% 14.76% 16.06%
SIP RETURN Period SIP Start Date Current NAV (As on 31/05/2011) Total No. of units accumulated Total Amount Invested in Rs. Market Value if invested in Scheme in Rs. Market Value if invested in Benchmark in Rs. Return on SIP in Scheme Return on SIP in Benchmark (BSE 200) 1 Year 6/1/2010 39.23 302.38 12000.00 11863.28 11772.85 -2.21% -3.66% 3 Year 6/1/2008 39.23 1287.17 36000.00 50499.07 46080.13 23.69% 17.01% 5 Year Since inception 6/1/2006 11/16/2004 39.23 39.23 2235.54 3656.61 60000.00 79000.00 87706.22 143458.75 78149.81 15.33% 10.62% 121440.56 18.02% 12.97%
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 ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Growth Plan. 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 rst 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.
FUND DATA Type. . .............. Open-ended Diversified Equity Scheme Date of allotment..................................... 28/03/2006 Inception Date......................................... 30/03/2006 Quarterly AAUM: . . .Rs. 1434 Crores (31/03/2011) 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 Exit Load............................(w.e.f. from 24th Aug 2009) Retail Plan & Institutional Plan completion of 1 year from the date of allotment of units 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. . . . . . . . . . . . . . . . . . . . . . S&P CNX Nifty PORTFOLIO OF RELIANCE EQUITY FUND as on May 31, 2011 Holdings Equities State Bank Of India Reliance Industries Ltd 6.00 5.68 5.67 5.38 5.18 5.14 4.68 4.59 4.57 4.35 4.25 4.04 3.89 3.06 3.02 2.84 2.34 2.26 Weightage %
Pantaloon Retail (India) Ltd Housing Development Finance Corporation Ltd OTHER EQUITIES Sub Total of Equities Cash and Other Receivables GRAND TOTAL VOLATILITY MEASURES Beta: Standard Deviation: R Squared: Sharpe Ratio : Portfolio Turnover Ratio:
2.07 2.04 13.07 94.13 5.87 100.00
Reliance Equity Fund

The primary investment objective of the scheme is to 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 money market securities PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %
Cash and Other Receivables 5.87 Equities 94.13
0.7759 3.4504 0.9233 -0.0268 1.67
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Equity Fund-Growth Plan Reliance Equity Fund-Bonus Plan Reliance Equity Fund-Dividend Plan Rs. 13.5259 13.5259 13.5259
PERFORMANCE OF RELIANCE EQUITY FUND VS S&P CNX NIFTY AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) -8.45 -5.74 0.14 7.32 5.71 -5.16 9.32 4.51 12.60 9.86
ICICI Bank Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Divis Laboratories Ltd Infosys Technologies Ltd Maruti Suzuki India Ltd Financial Technologies India Ltd Bharat Heavy Electricals Ltd Reliance Infrastructure Ltd Oil & Natural Gas Corporation Ltd Cipla Ltd Larsen & Toubro Ltd Dr. Reddy'S Laboratories Ltd Hindustan Petroleum Corporation Ltd Engineers India Ltd Mahindra & Mahindra Ltd FUND DATA
Construction Ferrous Metals Telecom - Services Finance Retailing Engineering Services Consumer Non Durables Construction Project Oil Power Industrial Capital Goods Auto Petroleum Products Pharmaceuticals Banks Software
1.61% 1.94% 2.00% 2.04% 2.23% 2.34% 2.90% 3.06% 4.04% 4.25% 4.35% 6.85% 8.52% 12.05% 14.29% 21.64%
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 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.
Equity: Index
Reliance Index Fund - Nifty Plan

The primary investment objective of the scheme is to 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. PORTFOLIO COMPOSITION AS ON MAY 31, 2011
figures in %
Type. . . . . . . . . An Open-Ended Index Linked Scheme Date of allotment . . . . . . . . . . . . . . . . 28/09/2010 Inception Date . . . . . . . . . . . . . . . . . . . 01/10/2010 Quarterly AAUM: . . . . . Rs. 67 Crores (31/03/2011) 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 INDEX FUND - NIFTY PLAN as on May 31, 2011 Holdings Equities Reliance Industries Ltd Infosys Technologies Ltd ICICI Bank Ltd ITC Ltd Housing Development Finance Corporation Ltd Larsen & Toubro Ltd HDFC Bank Ltd State Bank Of India Tata Consultancy Services Ltd Bharti Airtel Ltd Tata Steel Ltd Tata Motors Ltd Oil & Natural Gas Corporation Ltd Axis Bank Ltd Mahindra & Mahindra Ltd Hindustan Unilever Ltd Bharat Heavy Electricals Ltd Hindalco Industries Ltd Jindal Steel & Power Ltd Sterlite Industries Ltd 9.60 7.99 7.44 6.10 5.29 5.22 5.08 3.53 3.50 2.69 2.31 2.28 2.26 1.96 1.90 1.89 1.83 1.51 1.50 1.45 Weightage %
Equity: Index
PORTFOLIO OF RELIANCE INDEX FUND - NIFTY PLAN as on May 31, 2011 WIPRO LTD NTPC Ltd Dr. Reddy'S Laboratories Ltd GAIL (India) Ltd Tata Power Co Ltd Bajaj Auto Ltd Sun Pharmaceutical Industries Ltd Hero Honda Motors Ltd Equity Less Than 1% of Corpus Sub Total of Equities Cash and Other Receivables GRAND TOTAL 1.34 1.28 1.21 1.19 1.19 1.08 1.07 1.05 14.82 99.56 0.44 100.00
PERFORMANCE OF RELIANCE INDEX FUND - NIFTY PLAN vs S&P CNX NIFTY AS ON MAY 31, 2011 Period 6 months Since Inception Returns of Returns of Scheme (%) Benchmark (%) -5.08 -5.16 -9.49 -9.49
Reliance Index Fund - Nifty Plan

Minerals/Mining Textile Products Construction Gas Cement Industrial Capital Goods Non Ferrous Metals Telecom -Services Oil Pharmaceuticals Power Ferrous Metals Construction Project Finance Auto Consumer Non Durables Petroleum Products Software Banks 0.66% 0.87% 1.11% 1.19% 1.27% 2.61% 2.96% 3.03% 3.13% 3.76% 4.18% 4.30% 5.22% 6.52% 7.28% 7.99% 10.08% 13.57% 19.82%
Past performance may or may not be sustained in future. Returns are 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.
NAV AS ON MAY 31, 2011 Reliance Index Fund - Nifty PlanGrowth Plan Reliance Index Fund - Nifty PlanBonus Plan Reliance Index Fund - Nifty PlanQuarterly Dividend Plan Reliance Index Fund - Nifty PlanHalf Yearly Dividend Plan Reliance Index Fund - Nifty PlanAnnual Dividend Plan FUND DATA
Rs. 9.0419 9.0419 9.0419 9.0419 9.0419
Equity: Index
Reliance Index Fund - Sensex Plan

The primary investment objective of the scheme is to 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. PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %
Type. . . . . . . . . An Open Ended Index Linked Scheme Date of allotment . . . . . . . . . . . . . . . . 28/09/2010 Inception Date . . . . . . . . . . . . . . . . . . . 01/10/2010 Quarterly AAUM: . . . . . . . Rs. 2 Crore (31/03/2011) 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: - BSE SENSEX PORTFOLIO OF RELIANCE INDEX FUND - SENSEX PLAN as on May 31, 2011 Holdings Equities Reliance Industries Ltd Infosys Technologies Ltd ICICI Bank Ltd ITC Ltd Larsen & Toubro Ltd Housing Development Finance Corporation Ltd HDFC Bank Ltd Tata Consultancy Services Ltd State Bank Of India Bharti Airtel Ltd Oil & Natural Gas Corporation Ltd Tata Motors Ltd Tata Steel Ltd Hindustan Unilever Ltd Bharat Heavy Electricals Ltd Mahindra & Mahindra Ltd NTPC Ltd Wipro Ltd 11.52 9.16 8.39 7.02 6.05 6.04 5.96 4.57 4.44 3.34 3.24 2.74 2.66 2.24 2.23 2.22 1.87 1.84 Weightage %
Jindal Steel & Power Ltd Hindalco Industries Ltd Sterlite Industries Ltd Tata Power Co Ltd Bajaj Auto Ltd Hero Honda Motors Ltd Maruti Suzuki India Ltd Cipla Ltd Equity Less Than 1% of Corpus Sub Total of Equities Cash and Other Receivables GRAND TOTAL NAV AS ON MAY 31, 2011 Reliance Index Fund - Sensex FundGrowth Plan Reliance Index Fund - Sensex FundBonus Plan Reliance Index Fund - Sensex FundQuarterly Dividend Plan Reliance Index Fund - Sensex FundHalf Yearly Dividend Plan Reliance Index Fund - Sensex FundAnnual Dividend Plan
1.83 1.78 1.74 1.37 1.30 1.21 1.19 1.15 2.37 99.47 0.53 100.00 Rs. 8.9924 8.9924 8.9924 8.9924 8.9924
PERFORMANCE OF RELIANCE INDEX FUND - SENSEX PLAN vs BSE SENSEX AS ON MAY 31, 2011 Period 6 months Since Inception Returns of Returns of Scheme (%) Benchmark (%) -5.60 -10.18 -5.21 -9.50

Pharmaceuticals Construction Industrial Capital Goods Oil Non - Ferrous Metals Telecom - Services Power Ferrous Metals Finance Construction Project Auto Consumer Non Durables Petroleum Products Software Banks 1.15% 1.37% 2.23% 3.24% 3.52% 3.78% 3.81% 4.49% 6.04% 6.05% 8.67% 9.26% 11.52% 15.57% 18.79%
Past performance may or may not be sustained in future. Returns are 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.
Equity: Diversified Mid Cap & Small Cap
FUND DATA Type. . . . . . . . . Open-ended Equity Growth Scheme Date of allotment . . . . . . . . . . . . . . . 08/10/1995 Inception Date . . . . . . . . . . . . . . . . . . 08/10/1995 Quarterly AAUM: . . . Rs. 7166 Crores(31/03/2011) 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 Exit Load . . . . . . . . . . . (w.e.f. from 24th Aug 2009) Retail Plan & Institutional Plan completion 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 Benchmark. . . . . . . . . . . . . . . . . . . . . . . . . BSE 100 PORTFOLIO OF RELIANCE GROWTH FUND as on May 31, 2011 Holdings Weightage % Equities Bank Of Baroda ICICI Bank Ltd Lupin Ltd Reliance Industries Ltd HCL Technologies Ltd Jindal Saw Ltd E.I.D. Parry (India) Ltd State Bank Of India Infosys Technologies Ltd Divis Laboratories Ltd Jindal Steel & Power Ltd Ranbaxy Laboratories Ltd Gujarat State Fertilizers & Chemicals Ltd Bharti Airtel Ltd Strides Arcolab Ltd Sintex Industries Ltd Federal Bank Ltd Gujarat Mineral Development Corp Ltd Greaves Cotton Ltd United Phosphorus Ltd Financial Technologies India Ltd HT Media Ltd Maruti Suzuki India Ltd Radico Khaitan Ltd Mahindra & Mahindra Ltd Indiabulls Financial Services Ltd Orient Paper & Industries Ltd Bajaj Holdings And Investment Ltd Crompton Greaves Ltd Edelweiss Capital Ltd Jaiprakash Associates Ltd Tata Chemicals Ltd Oil & Natural Gas Corporation Ltd Escorts Ltd NTPC Ltd Bombay Dyeing & Manufacturing Co Ltd Zee Entertainment Enterprises Ltd Equity Less Than 1% of Corpus Sub Total of Equities Cash and other Receivables GRAND TOTAL as on May 31, 2011 Period SIP Start Date Current NAV (As on 31/05/2011) Total No. of units accumulated Total Amount Invested in Rs. Market Value if invested in Scheme in Rs. Market Value if invested in Benchmark in Rs. Return on SIP in Scheme Return on SIP in Benchmark (BSE 100) 4.46 4.28 4.05 3.84 3.62 3.24 3.23 3.18 3.12 2.73 2.47 2.46 2.27 2.26 2.14 2.13 2.04 1.96 1.85 1.82 1.69 1.60 1.48 1.45 1.45 1.39 1.39 1.38 1.35 1.35 1.32 1.28 1.22 1.19 1.15 1.13 1.03 16.28 96.28 3.72 100.00
Reliance Growth Fund

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.
VOLATILITY MEASURES: Beta: 0.8351 Standard Deviation: 3.8002 R Squared: 0.8819 Sharpe Ratio: 0.0177 Portfolio Turnover Ratio: 0.53 Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Growth Fund-Growth Plan Reliance Growth Fund-Bonus Plan Reliance Growth Fund-Dividend Plan Reliance Growth Fund-Institutional Growth Reliance Growth Fund-Institutional Dividend DIVIDEND HISTORY Date 3/21/2000 2/18/2003 7/18/2003 10/9/2003 12/18/2003 3/12/2004 10/19/2004 12/24/2004 3/29/2005 12/19/2005 3/29/2006 10/30/2006 3/12/2007 8/17/2007 3/19/2008 3/20/2009 10/31/2009 3/30/2010 3/24/2011 Rate (Re/ Unit) 10.00 2.00 3.00 3.00 6.00 7.50 3.00 2.50 5.00 3.00 7.50 2.50 7.50 3.50 6.50 2.00 5.00 2.50 4.00 Cum Dividend NAV 40.89 22.61 27.96 34.67 41.1 34.67 33.61 37.34 36.21 50.83 57.77 55.58 54.09 54.72 54.53 29.72 53.40 56.29 53.76 *ExDividend NAV 30.90 20.67 24.47 31.80 35.28 27.17 30.37 34.91 31.80 47.63 50.90 53.08 47.16 52.04 47.42 28.60 46.98 53.84 50.61 Rs. 450.3560 74.7010 51.1586 454.2326 435.4261
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.
Equities 96.28
Miscellaneous 0.05% Transportation 0.12% Auto Ancillaries 0.30% Construction Project 0.52% Telecom - Equipment & Accessories 0.60% Retailing 0.61% Paper 0.69% Textiles -Cotton 0.70% Textile Products 0.84% Gas 1.13% Textiles -Synthetic 1.13% Cement 1.39% Power 1.77% Oil 1.81% Minerals/Mining 1.96% Pesticides 2.17% Media & Entertainment 2.62% Telecom -Services 2.66% Construction 2.80% Fertilisers 3.55% Industrial Capital Goods 3.83% Auto 4.11% Finance 4.53% Industrial Products 4.80% Petroleum Products 5.03% Consumer Non Durables 6.19% Ferrous Metals 6.49% Software 8.44% Pharmaceuticals Banks
PERFORMANCE OF RELIANCE GROWTH FUND vs BSE 100 INDEX AS ON MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark (%) -8.86 -5.45 6 months 1.95 7.52 1 Year 3 Years 8.38 3.83 5 Years 15.34 12.53 Since Inception 27.53 12.04
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.
SIP RETURN 1 Year 6/1/2010 450.36 25.41 12000.00 11444.87 11822.34 -8.87% -2.87% 3 Year 6/1/2008 450.36 105.22 36000.00 47384.28 45634.97 19.02% 16.32% 5 Year Since inception 6/1/2006 10/8/1995 450.36 450.36 189.43 6227.58 60000.00 188000.00 85310.11 2804628.78 77664.29 720547.86 14.20% 30.19% 10.37% 15.59%
11.47% 13.97%
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 ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Retail Plan - Growth Plan. 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 rst 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.
FUND DATA Type. . . . An Open Ended Diversified Equity Scheme Date of allotment . . . . . . . . . . . . . . . 26/12/2006 Inception Date . . . . . . . . . . . . . . . . . . 27/12/2006 Quarterly AAUM: . . . Rs.1389 Crores (31/03/2011) 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 *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 PORTFOLIO OF RELIANCE LONG TERM EQUITY FUND as on May 31, 2011 Holdings EQUITY Rallis India Ltd Wabco TVS India Ltd Abbott India Ltd Greaves Cotton Ltd Bank Of Baroda Oriental Hotels Ltd Corporation Bank Tube Investments Of India Ltd Divis Laboratories Ltd Unichem Laboratories Ltd Bombay Rayon Fashions Ltd JSL Stainless Ltd Lakshmi Machine Works Ltd Gujarat Narmada Valley Fertilisers Co Ltd Sintex Industries Ltd Rain Commodities Ltd United Phosphorus Ltd ERA Infra Engineering Ltd Time Technoplast Ltd CCL Products India Ltd India Cements Ltd Sundaram Finance Ltd Essel Propack Ltd Gulf Oil Corporation Ltd Anant Raj Industries Ltd Sarda Energy And Minerals Ltd Kirloskar Oil Engines Ltd Finolex Industries Ltd KPIT Cummins Infosystem Ltd Everest Industries Ltd SKF India Ltd Karnataka Bank Ltd Mindtree Ltd PSL Ltd Equity Less Than 1% of Corpus Sub Total of Equities Cash and Other Receivables GRAND TOTAL 6.47 5.79 4.90 4.39 3.86 3.52 3.48 3.43 3.38 3.21 3.08 2.99 2.91 2.65 2.49 2.41 2.29 2.27 2.15 2.14 1.95 1.93 1.61 1.48 1.46 1.32 1.18 1.17 1.16 1.14 1.12 1.11 1.08 1.05 9.21 95.78 4.22 100.00 Weightage(%)
Reliance Long Term Equity Fund

The primary investment objective of the 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 objective is to generate consistent returns by investing in debt and money market securities.
VOLATILITY MEASURES: Beta 0.7135 Standard Deviation 3.5278 R Squared 0.7469 Sharpe Ratio 0.0153 Portfolio Turnover Ratio 0.15 Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Long Term Equity Fund-Growth Plan Reliance Long Term Equity FundDividend Plan DIVIDEND HISTORY Rate Cum *Ex(Re/ Dividend Dividend Unit) NAV NAV 2/18/2011 1.50 14.6380 13.1175 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. Date *NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. Rs. 14.9603 13.4253

PERFORMANCE OF RELIANCE LONG TERM EQUITY FUND vs BSE 200 INDEX AS ON MAY 31, 2011 Period 6 months 1 year 3 year 5 year Since Inception Returns of Returns of Scheme (%) Benchmark (%) -11.39 4.87 8.03 N.A 9.15 -6.11 6.94 4.13 N.A 7.73
Equities 95.78
Transportation Oil Telecom - Equipment & Accessories Power Miscellaneous Petroleum Products Finance Consumer Non Durables Fertilisers Software Consumer Durables Textile Products Hotels Industrial Capital Goods Construction Ferrous Metals Cement Auto Ancillaries Banks Pesticides Pharmaceuticals Industrial Products
0.65% 0.67% 0.85% 0.89% 1.27% 1.48% 2.40% 2.61% 2.65 % 2.92% 3.43% 3.51% 3.52% 3.58% 4.68% 5.36% 5.50% 7.31% 8.45% 8.76% 11.49% 13.80%
Reliance Small Cap Fund

The primary investment objective of the scheme is to 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 money market securities.
FUND DATA Type. . . . . . . . . . . . . An Open Ended Equity Scheme Date of allotment . . . . . . . . . . . . . . . 16/09/2010 Inception Date . . . . . . . . . . . . . . . . . . 21/09/2010 Quarterly AAUM: . . . .Rs. 532 Crores (31/03/2011) Minimum Investment........................................Rs 5,000 and in multiples of Re.1 thereafter................................... Maximum Subscription Limit......................Rs.5 Lakh per investor (including all folios) Fund Manager . . . . . . . . . . . . . . . . . .Sunil Singhania 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 *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 SMALL CAP PORTFOLIO OF RELIANCE SMALL CAP FUND as on May 31, 2011 Holdings EquitiesABG Shipyard Ltd FAG Bearings India Ltd Take Solutions Ltd Biocon Ltd Federal Bank Ltd Dhanlaxmi Bank Ltd Rain Commodities Ltd Atul Ltd Tata Elxsi Ltd Kaveri Seed Company Ltd Orient Paper & Industries Ltd Kirloskar Brothers Investment Ltd Strides Arcolab Ltd Sundram Fasteners Ltd JBF Industries Ltd Ashoka Buildcon Ltd Power Finance Corporation Ltd Unichem Laboratories Ltd Indoco Remedies Ltd Persistent Systems Ltd Greaves Cotton Ltd Allcargo Global Logistics Ltd Prestige Estates Projects Ltd Jyoti Structures Ltd Kirloskar Pneumatic Company Ltd Tata Sponge Iron Ltd SETCO Automotive Ltd Solar Industries (I) Ltd Career Point Infosystems Ltd Clariant Chemicals India Ltd Century Enka Ltd Polyplex Corporation Ltd Gujarat Apollo Industries Ltd Zee Learn Ltd Kajaria Ceramics Ltd ICRA Ltd Crew B O S Products Limited Mercator Lines Ltd Indosolar Ltd Equity Less Than 1% of Corpus Sub Total of Equities Weightage % 3.98 3.35 2.85 2.58 2.48 2.44 2.30 2.29 2.29 2.21 2.18 1.96 1.93 1.86 1.84 1.82 1.73 1.64 1.59 1.59 1.56 1.51 1.49 1.48 1.48 1.40 1.40 1.38 1.35 1.33 1.28 1.27 1.21 1.17 1.15 1.13 1.10 1.03 1.01 12.20 81.88 18.12 100.00
NAV AS ON MAY 31, 2011 Reliance Small Cap Fund-Growth Plan Reliance Small Cap Fund-Bonus Plan Reliance Small Cap Fund-Dividend Plan
Rs. 9.8506 9.8506 9.8506
PERFORMANCE OF RELIANCE SMALL CAP FUND vs BSE SMALL CAP INDEX AS ON MAY 31, 2011 Period 6 months Since Inception Returns of Returns of Scheme (%) Benchmark (%) -1.93 -1.42 -15.49 -19.07

Equities 81.88
Paper Textiles - Cotton Media & Entertainment Pesticides Textile Products Miscellaneous Pow er Construction Project Textiles - Synthetic Auto Ancillaries Ferrous Metals Transportation Construction Cement Banks Finance Chemicals Consumer Non Durables Industrial Capital Goods Softw are Pharmaceuticals Industrial Products
0.87% 0.94% 1.17% 1.20% 1.28% 1.40% 1.48% 1.82% 1.84% 2.12% 2.28% 2.55% 3.30% 4.78% 4.92% 5.45% 5.83% 6.28% 6.36% 8.19% 8.33% 9.47%
Cash and Other Receivables GRAND TOTAL
10
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 Date of allotment . . . . . . . . . . . . . . . 08/06/2005 Inception Date . . . . . . . . . . . . . . . . . . 09/06/2005 Quarterly AAUM: . . .Rs. 3264 Crores (31/03/2011) Minimum Investment . . . Rs 500 & in multiples of Re 1 Fund Manager . . . . . . . . . . . . . . Omprakash Kuckian Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load . . . . . . . . . . ......(w.e.f 24th August 2009) completion of 1 year from the date of allotment of units 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 100 Index PORTFOLIO OF RELIANCE FUND EQUITY OPTION as on May 31, 2011 REGULAR SAVINGS
Indiabulls Real Estate Ltd Spicejet Ltd Jindal Saw Ltd Phoenix Mills Ltd ITC Ltd Equity Less Than 1% of Corpus Sub Total of Equities Derivatives,Cash and Other Receivables GRAND TOTAL
1.23 1.22 1.19 1.18 1.16 13.32 95.47 4.53 100.00
VOLATILITY MEASURES Beta 0.9072 Standard Deviation 4.1111 R Squared 0.8891 Sharpe Ratio 0.0313 Portfolio Turnover Ratio 0.98 Note:Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Regular Saving Fund Equity PlanGrowth Plan Reliance Regular Saving Fund Equity PlanDividend Plan DIVIDEND HISTORY Rs. 29.9866 21.2805
Derivatives,Cash and Other Receivables 4.53
Equities 95.47
Engineering Services Industrial Capital Goods M iscellaneous Industrial Products M edia & Entertainment Finance Retailing Fertilisers Non - Ferrous M etals Power Consumer Non Durables Textile Products Petroleum Products Oil Gas Ferrous M etals Telecom - Services Auto Transportation Auto Ancillaries Construction Project Construction Pharmaceuticals Software Banks
0.15% 0.50% 0.55% 0.85% 1.18% 1.40% 1.64% 1.65% 1.68% 1.72% 1.84% 2.14% 2.28% 2.78% 3.45% 3.50% 3.59% 3.99% 4.21% 4.66% 4.67% 5.40% 11.80% 13.84% 16.00%
Holdings EquitiesState Bank Of India ICICI Bank Ltd Tata Consultancy Services Ltd Divis Laboratories Ltd HCL Technologies Ltd Larsen & Toubro Ltd Oil & Natural Gas Corporation Ltd Bharti Airtel Ltd Mphasis Ltd Motherson Sumi Systems Ltd GAIL (India) Ltd Oriental Bank of Commerce Oracle Financial Serv Software Ltd Torrent Pharmaceuticals Ltd Hindustan Petroleum Corporation Ltd Biocon Ltd Cipla Ltd Bombay Rayon Fashions Ltd Mahindra & Mahindra Ltd Federal Bank Ltd Tata Motors Ltd Wipro Ltd Exide Industries Ltd Cox And Kings Ltd IRB Infrastructure Developers Ltd Hindalco Industries Ltd Zuari Industries Ltd Pantaloon Retail (India) Ltd Lupin Ltd Power Finance Corporation Ltd Indian Bank Jaiprakash Associates Ltd
Weightage %
Date Rate Cum *EX 5.52 (Re/ Dividend Dividend 3.91 Unit) NAV NAV 3.47 24-Jul-09 5 22.6391 17.7355 3.43 11-Mar-11 2 22.1558 20.3510 3.09 Past performance may or may not be sustained in 2.96 future; Dividend distribution is subject to availability 2.78 & adequacy of distributable surplus. The Mutual Fund 2.78 is not assuring that it will make periodical dividend distributions, though it has every intention of doing so. 2.76 After the payment of dividend, the per unit NAV falls to 2.74 the extent of the dividend payout and distribution taxes, 2.67 if any. Performance of dividend plan/option would be net of applicable statutory levy, if any. 2.64 * NAV on the 1st transaction day after Record Date, 2.60 which includes the mark to market impact also. 2.42 PERFORMANCE OF RELIANCE REGULAR SAVINGS 2.28 EQUITY OPTION FUND VS BSE 100 INDEX AS ON 2.18 MAY 31, 2011 2.15 Period Returns of Returns of 2.14 Scheme (%) Benchmark (%) 2.02 6 months -8.08 -5.45 2.00 1 Year 6.33 7.52 1.97 3 yrs 10.52 3.83 1.92 5 Years 20.25 12.53 1.92 Since Inception 20.12 17.69 1.71 1.69 Past performance may or may not be sustained in future. Returns are of growth plan. Returns less than one year are 1.68 absolute returns and returns of one year and more are 1.65 compounded annualized returns. calculations assume all payouts during the period have been reinvested in the units 1.64 of the scheme at the prevailing nav. 1.41 SPECIAL FEATURE 1.40 Reliance Any Time Money Card 1.33 1.30 SIP RETURN
as on May 31, 2011 Period 1 Year 3 Year 5 Year Since inception SIP Start Date 6/1/2010 6/1/2008 6/1/2006 6/9/2005 Current NAV (As on 31/05/2011) 29.99 29.99 29.99 29.99 Total No. of units accumulated 388.06 1636.98 3076.71 4226.48 Total Amount Invested in Rs. 12000.00 36000.00 60000.00 72000.00 Market Value if invested in Scheme in Rs. 11636.63 49087.44 92260.17 126737.70 Market Value if invested in Benchmark in Rs. 11822.34 45634.97 77664.29 102482.86 Return on SIP in Scheme -5.84% 21.60% 17.41% 18.87% Return on SIP in Benchmark (BSE 100) -2.87% 16.32% 10.37% 11.74% 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 ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of growth plan. 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 rst 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.
11
Equity: Diversified Multi Cap
Reliance Equity Opportunities Fund

The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm 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.
FUND DATA Type. . . . . . . . Open-ended Diversified Equity Scheme Date of allotment . . . . . . . . . . . . . . . . 28/03/2005 Inception Date . . . . . . . . . . . . . . . . . . . 31/03/2005 Quarterly AAUM: . . . . Rs. 2838 Crores (31/03/2011) 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) Retail Plan & Institutional Plan completion of 1 year from the date of allotment of units 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 100 Index PORTFOLIO OF RELIANCE EQUITY OPPORTUNITIES FUND as on May 31, 2011 Holdings Weightage % Equity Divis Laboratories Ltd 5.15 Aventis Pharma Ltd 4.79 Infosys Technologies Ltd 4.77 ICICI Bank Ltd 4.42 DISH TV India Ltd 4.25 Maruti Suzuki India Ltd 4.11 HCL TECHNOLOGIES LTD 3.27 State Bank Of India 3.18 Ashok Leyland Ltd 3.18 Trent Ltd 3.15 Larsen & Toubro Ltd 2.94 Info Edge India Ltd 2.90 HDFC Bank Ltd 2.74 Hindustan Petroleum Corporation Ltd 2.48 Shoppers Stop Ltd 2.34 Torrent Power Ltd 2.32 Coromandel International Ltd 2.11 Cummins India Ltd 2.07 Rain Commodities Ltd 2.02 Hathway Cable And Datacom Ltd 1.95 Tata Consultancy Services Ltd 1.89 Graphite India Ltd 1.83 Cox And Kings Ltd 1.73 Bharti Airtel Ltd 1.65 Indian Oil Corporation Ltd 1.61 Pidilite Industries Ltd 1.56 Bharat Petroleum Corporation Ltd 1.44 Indian Metal And Ferro Alloys Ltd 1.34 Eicher Motors Ltd 1.16 Bharat Forge Ltd 1.13 Persistent Systems Ltd 1.07 Hindustan Media Ventures Ltd 1.03 Hinduja Ventures Ltd 1.02 Sasken Communication Technologies Ltd 1.01 Equity Less Than 1% of Corpus 9.73 as on May 31, 2011 Period SIP Start Date Current NAV (As on 31/05/2011) Total No. of units accumulated Total Amount Invested in Rs. Market Value if invested in Scheme in Rs. Market Value if invested in Benchmark in Rs. Return on SIP in Scheme Return on SIP in Benchmark (BSE 100)
Sub Total of Equities Warrants,Preference Shares,Cash and Other Receivables GRAND TOTAL VOLATILITY MEASURES: Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio
93.34 6.66 100.00 0.8572 3.9052 0.8799 0.0589 0.75
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Equity Opportunities Growth Plan Reliance Equity Opportunities Bonus Plan Reliance Equity Opportunities Dividend Plan Reliance Equity Opportunities Institutional Growth Reliance Equity Opportunities Institutional Dividend DIVIDEND HISTORY Date Rate Cum *EX (Re/ Dividend Dividend Unit) NAV NAV 1.00 16.41 15.41 1.50 20.88 19.53 1.50 18.19 16.56 2.00 17.10 15.29 2.00 23.4875 21.6294 FundFundFundFundFundRs. 35.6693 35.6693 23.0625 9.3840 33.6372
7-Aug-06 1-Feb-07 19-Mar-08 24-Jul-09 11-Mar-11

Warrants,Preference Shares, Cash and Other Receivables 6.66
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.
Equities 93.34
Consumer Non Durables Telecom - Equipment & Accessories Construction Auto Ancillaries Oil Industrial Capital Goods Finance Ferrous Metals Chemicals Telecom-Services Transportation Fertilisers Power Cement Construction Project Retailing Petroleum Products Industrial Products Auto Media & Entertainment Banks Pharmaceuticals Software
0.47% 0.49% 0.56% 0.61% 0.68% 0.69% 1.02% 1.34% 1.56% 1.65% 1.73% 2.11% 2.32% 2.37% 2.94% 5.49% 5.53% 5.86% 8.45% 8.97% 10.35% 12.37% 15.79%
PERFORMANCE OF RELIANCE EQUITY OPPORTUNITIES FUND VS BSE 100 INDEX AS ON MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark (%) 6 months -4.30 -5.45 1 Year 14.85 7.52 3 Years 16.71 3.83 5 years 15.97 12.53 Since Inception 23.01 18.11 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.
SIP RETURN 1 Year 6/1/2010 35.67 338.61 12000.00 12078.08 11822.34 1.27% -2.87% 3 Year 6/1/2008 35.67 1574.96 36000.00 56177.62 45634.97 31.72% 16.32% 5 Year Since inception 6/1/2006 3/31/2005 35.67 35.67 2692.46 3870.82 60000.00 75000.00 96038.08 138069.50 77664.29 110919.26 19.07% 19.50% 10.37% 12.48%
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 ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of retail plan - growth plan. 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 rst 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.
12
Equity: Balanced
FUND DATA Type. . . . . . . . . . . . . . . . . . . . . . Open-ended scheme Date of allotment . . . . . . . . . . . . . . . . 08/06/2005 Inception Date . . . . . . . . . . . . . . . . . . . 09/06/2005 Quarterly AAUM: . . . . Rs. 843 Crores (31/03/2011) Minimum Investment . . . . Rs 500 & in multiples of Re 1 thereafter Fund Manager . . . .Omprakash Kuckian & Amit Tripathi Weighted Average YTM: . . . . . . . . . . . . . . . . . .9.77% Modified Duration: . . . . . . . . . . . . . . . . . . . 135 Days Weighted Avg. Maturity: . . . . . . . . . . . . . . . .163 Days Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load . . . . . . . . . . . . . . (w.e.f 24th August 2009) completion of 1 year from the date of allotment of units 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. . . . . . . . . . . . . Crisil Balanced Fund Index
Reliance Regular Savings Fund

- Balanced Option
The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in a mix of securities comprising of equity, equity related instruments & fixed income instruments.
Reliance Capital Ltd LIC Housing Finance Ltd Citinancial Consumer Finance India Ltd SREI Equipment Finance Pvt Ltd Sub Total of Non Convertible Debentures. Government Bond Government Of India Sub Total of Government Bond Cash and Other Receivables Grand Total
AAA NCD AAA NCD AA+ NCD AAA NCD
4.46 3.05 2.97 2.95 20.54
SOV GSEC
0.60 0.60 2.87 100.00
VOLATILITY MEASURES Beta 0.6934 Standard Deviation 3.1454 R Squared 0.8873 Sharpe Ratio 0.0543 Portfolio Turnover Ratio 2.13 Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 Reliance Regular Savings Fund - Balanced PlanGrowth Plan Reliance Regular Savings Fund - Balanced PlanDividend Plan DIVIDEND HISTORY Date Rate (Re/ Unit) 2 2.5 3 Cum *EX Dividend Dividend NAV NAV 15.0311 13.0213 16.9448 14.4334 16.9172 13.9043 Rs. 21.8872 13.3023
Auto Ancillaries 0.92% Textiles - Synthetic 1.22% Textile Products 1.31% Construction 1.89% Non - Ferrous Metals 2.07% Retailing 2.45% Cash and Other Receivables 2.87% Transportation 3.59% Petroleum Products 3.88% Industrial Products 3.90% Media & Entertainment 5.14% Banks 12.26% Government Of India 0.60% Power 0.53% Miscellaneous 0.00% Finance 18.79%
Pharmaceuticals 10.35% Software 8.98% Auto 6.73% Industrial Capital Goods 6.59%
Non Banking Finance Company 5.92%
Power Auto Ancillaries Textiles - Synthetic Textile Products Construction Non - Ferrous Metals Retailing Transportation Petroleum Products Industrial Products Finance Media & Entertainment Industrial Capital Goods Auto Software Pharmaceuticals Banks
0.53% 0.92% 1.22% 1.31% 1.89% 2.07% 2.45% 3.59% 3.88% 3.90% 4.17% 5.14% 6.59% 6.73% 8.98% 10.35% 10.44%
PORTFOLIO OF RELIANCE REGULAR SAVINGS FUNDBALANCED OPTION as on May 31, 2011 Holdings Weightage (%) Equities HDFC Bank Ltd 4.35 Divis Laboratories Ltd 3.74 Maruti Suzuki India Ltd 3.72 Bharat Heavy Electricals Ltd 3.52 State Bank Of India 3.47 Infosys Technologies Ltd 3.37 Areva T & D India Ltd 3.07 Tata Motors Ltd 3.02 2.97 Glenmark Pharmaceuticals Ltd ICICI Bank Ltd 2.62 HCL Technologies Ltd 2.49 Trent Ltd 2.45 Bharat Petroleum Corporation Ltd 2.29 Bajaj Finance Ltd 2.21 Hathway Cable And Datacom Ltd 2.16 Tata Consultancy Services Ltd 2.10 Sterlite Industries Ltd 2.07 Ranbaxy Laboratories Ltd 2.00 Sintex Industries Ltd 1.97 Power Finance Corporation Ltd 1.95 Bharat Forge Ltd 1.93 Oberoi Realty Ltd 1.89 Abbott India Ltd 1.64 Indian Oil Corporation Ltd 1.59 UTV Software Communications 1.57 Ltd Dish TV India Ltd 1.42 Jet Airways (India) Ltd 1.35 Raymond Ltd 1.31 JBF Industries Ltd 1.22 Thomas Cook (India) Ltd 1.21 Innite Computer Solution (India) 1.03 Ltd Kingsher Airlines Ltd 1.03 Equity Less Than 1% of Corpus 1.45 Sub Total of Equities 74.17 Certicate of Deposit Oriental Bank of Commerce P1+ CD 1.48 State Bank of Hyderabad P1+ CD 0.34 Sub Total of Certicate of 1.82 Deposit Non Convertible Debentures. Housing Development Finance AAA NCD 7.11 Corporation Ltd
3-Mar-11 30-Mar-10 24-Jul-09
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 REGULAR SAVINGS FUND - BALANCED OPTION vs CRISIL BALANCED FUND INDEX ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Inception date: 13/01/2007 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 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. Returns of Returns of Scheme (%) Benchmark (%) -6.56 6.85 16.01 N.A 15.56 -2.48 7.82 6.31 N.A 8.20
13
Equity: Diversified Theme Based
Reliance Infrastructure Fund

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and 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 Date of allotment . . . . . . . . . . . . . . . . 17/07/2009 Inception Date . . . . . . . . . . . . . . . . . . . 20/07/2009 Quarterly AAUM: . . . Rs. 1104 Crores (31/03/2011) 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 Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retail Plan : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Institutional Plan : . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (w.e.f. from 24th Aug 2009) Retail Plan & Institutional Plan 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 *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. . . . . . . . . . . . . . . . . . . . . . . . . . . BSE100 PORTFOLIO OF RELIANCE INFRASTRUCTURE FUND as on May 31, 2011 Holdings Weightage %
VOLATILITY MEASURES Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio
0.9732 2.7875 0.7754 -0.1217 0.18
Note: The above measures have been calculated by taking rolling return since inception with 8.16% Risk Free returns (takan as 91days T-bill yield as on 31/05/2011)
NAV AS ON MAY 31, 2011 Reliance Infrastructure Fund-Retail Growth Plan Reliance Infrastructure Fund-Retail Bonus Plan Reliance Infrastructure Fund-Retail Dividend Plan Reliance Infrastructure FundInstitutional Growth Plan Reliance Infrastructure FundInstitutional Dividend Plan
Rs. 8.6009 8.6009 8.6009 8.6202 8.6202
PERFORMANCE OF RELIANCE INFRASTRUCTURE FUND vs BSE100 AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) -19.36 -21.33 N.A N.A -8.12 -5.45 7.52 N.A N.A 11.54
EquitiesLarsen & Toubro Ltd Jindal Saw Ltd ERA Infra Engineering Ltd SPML Infra Ltd 5.63 5.36 5.03 4.63 4.60 4.58 4.21 4.15 3.75 3.72 3.67 3.60 3.45 3.42 2.79 2.60 2.47 2.31 2.31 2.21 2.13 1.61 1.61 1.58 1.57 1.52 1.52 1.39 1.31 1.13 1.06 1.04 3.41 95.35 4.65 100.00
NTPC Ltd ICICI Bank Ltd Jaiprakash Associates Ltd Oil & Natural Gas Corporation Ltd KSB Pumps Ltd Jayaswal Neco Industries Ltd Sterlite Industries Ltd Reliance Infrastructure Ltd Infrastructure Development Finance Company Ltd
Equities 95.35
Jindal Steel & Power Ltd Hindustan Construction Co Ltd TATA Power Co Ltd NCC Ltd MBL Infrastructures Ltd MARG Ltd Gayatri Projects Ltd
PSL Ltd Hindustan Zinc Ltd Reliance Industries Ltd Diamond Power Infrastructure Ltd IL&FS Transportation Networks Ltd Anant Raj Industries Ltd Texmaco Rail & Engineering Ltd Torrent Power Ltd Supreme Infrastructure India Ltd Patel Engineering Ltd Phillips Carbon Black Ltd Sobha Developers Ltd Equity Less Than 1% of Corpus Sub Total of Equities Cash and Other Receivables
Auto Ancillaries Chemicals Transportation Petroleum Products Miscellaneous Industrial Capital Goods Finance Oil Banks Non -Ferrous Metals Industrial Products Construction Project Power Ferrous Metals Construction
0.60% 1.06% 1.57% 1.61% 2.31% 2.98% 3.45% 4.15% 4.58% 5.28% 5.33% 10.89% 12.51% 14.63% 24.42%
GRAND TOTAL
14
Equity: Diversified Theme Based
FUND DATA Type . . . . . . . . . . . . . . . . . . . . Open-ended Equity Scheme Date of allotmen . . . . . . . . . . . . . . . . . . . . . . 25/02/2008 Inception Date . . . . . . . . . . . . . . . . . . . . . . . . 26/02/2008 Quarterly AAUM: . . . . . Rs.2396 Crores (31/03/2011) 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, Jahnvee Shah Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . Retai Plan : Nil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Institutional Plan : Nil Exit Load. . . . . . . . . . . . . . . (w.e.f. from 24th Aug 2009) Retail Plan & Institutional Plan completion of 1 year from the date of allotment of units 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 . . . 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.
Market Vectors Agribusiness-ETF Sub Total of Overseas ETFs Cash and Other Receivables GRAND TOTAL VOLATILITY MEASURES Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio
3.35 3.35 2.11 100.00
Reliance Natural Resources Fund

The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm 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.
0.7523 3.5222 0.8331 -0.0149 0.92
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 RELIANCE NATURAL RESOURCES FUNDRetail Growth Plan RELIANCE NATURAL RESOURCES FUNDRetail Bonus Plan RELIANCE NATURAL RESOURCES FUNDRetail Dividend Plan Rs. 10.5271 10.5271 10.5271
PORTFOLIO COMPOSITION AS ON MAY 31, 2011

Cash and Other Receivables 2.11 Overseas ETFs 3.35 International Equity Shares 24.88
figures in %
PERFORMANCE OF RELIANCE NATURAL RESOURCES FUND vs BENCHMARK* AS ON MAY 31, 2011 Period 6 months 1 year Returns of Returns of Scheme (%) Benchmark (%) -0.80 11.92 1.83 N.A. 1.14 1.22 20.58 1.16 N.A. -0.15
PORTFOLIO OF RELIANCE NATURAL RESOURCES FUND as on May 31, 2011 Holdings Weightage(%)
Equities 69.66
3 Years 5 Years Since Inception
SECTOR ALLOCATION AS ON MAY 31, 2011 (Domestic)
Textiles - Synthetic Engineering Services Miscellaneous Consumer Non Durables Pesticides Industrial Capital Goods Fertilisers Minerals/Mining Ferrous Metals Oil Petroleum Products
0.77% 1.53% 1.62% 3.14% 3.29% 3.68% 5.28% 7.39% 9.04% 10.02% 23.91%
Equities Coal India Ltd Bharat Petroleum Corporation Ltd Hindustan Petroleum Corporation Ltd Oil & Natural Gas Corporation Ltd Reliance Industries Ltd Tata Steel Ltd Indian Oil Corporation Ltd Oil India Ltd Gujarat State Fertilizers & Chemicals Ltd United Phosphorus Ltd BEML Ltd Gujarat Narmada Valley Fertilisers Co Ltd Jindal Saw Ltd Triveni Turbine Ltd Indian Metal And Ferro Alloys Ltd Shree Renuka Sugars Ltd A2Z Maintenance And Engineering Services Ltd Moil Ltd Triveni Engeering & Industries Ltd Equity Less Than 1% of Corpus Sub Total of Equities International Equity Shares Caterpillar INC Potash Corp Of Saskatchewan Inc Molycorp ORD Peabody Energy Corp Macarthur Coal Ltd JGC CORP-JPY Chiyoda Corp NPV Komatsu Ltd (Prev As Komatsu Ltd 50) Mitsui & Co Ltd Nikkiso Co Ltd NPV
7.39 7.27 7.02 6.82 6.04 4.22 3.57 3.20 3.17 2.81 2.70 2.11 1.79 1.62 1.22 1.13 1.10 1.08 1.01 4.39 69.66 3.84 2.57 2.56 2.51 2.33 2.17 1.99 1.83 1.73 0.99 0.69 0.64 0.63 0.38 24.88
Past performance may or may not be sustained in 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. *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 Reliance Any Time Money Card
SECTOR ALLOCATION AS ON MAY 31, 2011 (Overseas)

Industrial Machinery Oil & Gas Exploration & Production Health Care Equipment Trading Companies & Distributors Construction & Farm Machinery & Heavy Trucks Fertilizers & Agricultural Chemicals Coal & Consumable Fuels Miscellaneous Industrials Construction & Engineering Diversified Metals & Mining 0.63% 0.64% 0.99% 1.73% 1.83% 2.57% 3.20% 3.35% 3.84% 4.17% 5.27%
Industry Classication as per MSCI.
Paladin Energy Ltd Santos Ltd-AUD Sumotomo Heavy Ind Npv Galaxy Resources Limited Sub Total Of International Equity Shares Overseas ETFs
15
Equity: Sector
PORTFOLIO OF RELIANCE BANKING FUND as on May 31, 2011 Holdings EquitiesICICI Bank Ltd State Bank Of India Bank Of Baroda HDFC Bank Ltd Federal Bank Ltd Canara Bank Corporation Bank Bajaj Finance Ltd Oriental Bank of Commerce Punjab National Bank Axis Bank Ltd ING Vysya Bank Ltd Bank Of India Indiabulls Financial Services Ltd Union Bank of India Kotak Mahindra Bank Ltd Cholamandalam Invt And Fin Co Ltd Equity Less Than 1% of Corpus Sub Total of Equities Derivatives,Cash and Other Receivables GRAND TOTAL VOLATILITY MEASURES Beta: Standard Deviation: R Squared: Sharpe Ratio : Portfolio Turnover Ratio: 1.0217 4.9667 0.772 0.0715 0.43 Weightage % 15.78 12.70 7.90 7.49 6.21 5.92 5.60 5.18 4.85 3.41 2.37 2.29 2.17 2.02 1.92 1.74 1.09 2.86 91.49 8.51 100.00
DIVIDEND HISTORY Date Rate Cum *EX (Re/ Unit) Dividend Dividend NAV 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 2/25/2011 2.50 38.92 36.79 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 MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Yrs Since Inception Returns of Returns of Scheme (%) Benchmark (%) -11.42 19.33 24.96 28.03 33.37 -10.88 23.01 21.41 23.15 28.35
Reliance Banking Fund

The primary investment objective of the scheme is to 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 Date of allotment . . . . . . . . . . . . . . . . 26/05/2003 Inception Date . . . . . . . . . . . . . . . . . . . 28/05/2003 Quarterly AAUM: . . . Rs. 1661 Crores (31/03/2011) 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) Retail Plan & Institutional Plan completion of 1 year from the date of allotment of units 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. . . . . . . . . . . . . . . . . S&P CNX Bank Index
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 RELIANCE BANKING FUND-Retail Growth Plan RELIANCE BANKING FUND-Retail Bonus Plan RELIANCE BANKING FUND-Retail Dividend Plan RELIANCE BANKING FUND-Institutional Growth Plan Rs. 101.0893 101.0881 37.7873 9.0858
PORTFOLIO COMPOSITION AS ON MAY 31, 2011 as on May 31, 2011 Period figures in %
SIP RETURN
1 Year 6/1/2010 101.09 117.46 12000.00 11874.29 12167.99 -2.03% 2.74%
3 Year 6/1/2008 101.09 570.92 36000.00 57714.00 56445.15 33.79% 32.08%
5 Year 6/1/2006 101.09 1154.87 60000.00 116744.65 102638.58 27.25% 21.84%
Since inception 5/28/2003 101.09 3107.36 97000.00 314121.10 255639.31 28.31% 23.37%
Debt,Cash and Other Receivables 8.51
SIP Start Date Current NAV (As on 31/05/2011) Total No. of units accumulated Total Amount Invested in Rs. Market Value if invested in Scheme in Rs. Market Value if invested in Benchmark in Rs. Return on SIP in Scheme Return on SIP in Benchmark (S&P CNX Banks Index)
Past performance may or may not be sustained in future. a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of
Retail Plan - Growth Plan.

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 rst 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.
Equities 91.49
16
Equity: Sector
Reliance Diversified Power Sector Fund

The primary investment objective of the scheme is to seek to generate continous returns by actively investing in equity and equity related or fixed income securities of Power and other associated companies
PORTFOLIO OF RELIANCE DIVERSIFIED POWER SECTOR FUND as on May 31, 2011 Holdings Equities Torrent Power Ltd ICICI Bank Ltd Jindal Steel & Power Ltd Cummins India Ltd Jaiprakash Associates Ltd Tata Power Co Ltd JSL Stainless Ltd PTC India Ltd Oil & Natural Gas Corporation Ltd NTPC Ltd Reliance Infrastructure Ltd Larsen & Toubro Ltd Crompton Greaves Ltd Sterlite Industries Ltd Bharat Heavy Electricals Ltd Reliance Industries Ltd Bajaj Electricals Ltd KEC International Ltd Adani Power Ltd Thermax India Ltd Sterlite Technologies Ltd Infrastructure Development Finance Company Ltd Alstom Projects India Ltd BGR Energy Systems Ltd Reliance Power Ltd Kirloskar Brothers Ltd Apar Industries Ltd Kirloskar Pneumatic Company Ltd Jyoti Structures Ltd Equity Less Than 1% of Corpus Sub Total of Equities Cash and Other Receivables GRAND TOTAL VOLATILITY MEASURES Beta: Standard Deviation: R Squared: Sharpe Ratio : Portfolio Turnover Ratio:
NAV AS ON MAY 31, 2011 RELIANCE DIVERSIFIED POWER SECTOR FUND-Growth Plan Weightage % RELIANCE DIVERSIFIED POWER SECTOR FUND-Bonus Plan RELIANCE DIVERSIFIED POWER SECTOR FUND-Dividend Plan DIVIDEND HISTORY Date Rate (Re/ Unit) 4.00 2.50 3.00 1.50 2.00 2.50 1.50
Rs. 69.0923 69.0922 39.2294
FUND DATA Type. . . . . . . . . . . Open-ended Power Sector Scheme Date of allotment: . . . . . . . . . . . . . . . . 08/05/2004 Inception Date . . . . . . . . . . . . . . . . . . . 10/05/2004 Quarterly AAUM: . . . Rs. 3654 Crores (31/03/2011) 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 Entry Load* Retail Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Institutional Plan . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load . . . . . . . . . . . (w.e.f. from 24th Aug 2009) Retail Plan & Institutional Plan completion of 1 year from the date of allotment of units 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. . . . . . . . . . . . . . . . . . . India Power Index
6.78 5.78 5.58 5.43 3.90 3.86 3.82 3.81 3.80 3.52 3.41 3.26 3.10 3.09 2.91 2.89 2.55 2.24 2.24 2.00 1.81 1.75 1.70 1.51 1.38 1.28 1.23 1.11 1.08 8.32 95.15 4.85 100.00
Cum *EX Dividend Dividend NAV NAV 22.7957 30.4120 35.0854 44.8514 27.1657 49.1336 39.4353 18.9886 27.4754 32.5381 42.1742 25.3848 46.7484 37.8239
12/29/2005 2/21/2007 8/17/2007 3/28/2008 3/26/2009 3/30/2010 3/18/2011
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 MAY 31, 2011 Period 6 months 1 Year 3 Years 5 years Since Inception Returns of Returns of Scheme (%) Benchmark (%) -14.76 -11.60 3.26 21.24 31.42 -12.34 -14.35 -1.32 9.77 14.84
0.8476 3.8532 0.8828 -0.0177 0.26
Equities 95.15
SIP RETURN as on May 31, 2011 Period 1 Year 3 Year 5 YearSince inception SIP Start Date 6/1/2010 6/1/2008 6/1/2006 5/10/2004 Current NAV (As on 31/05/2011) 69.09 69.09 69.09 69.09 Total No. of units accumulated 154.47 580.67 1171.36 2840.23 Total Amount Invested in Rs. 12000.00 36000.00 60000.00 85000.00 Market Value if invested in Scheme in Rs. 10672.36 40119.97 80931.71 196237.94 Market Value if invested in Benchmark in Rs. 10634.13 34780.07 61126.27 116987.62 Return on SIP in Scheme -20.75% 7.29% 12.04% 23.35% Return on SIP in Benchmark (India Power Index) -21.32% -2.27% 0.74% 8.93% Past performance may or may not be sustained in future. a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Retail Plan - Growth Plan. 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 rst 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.
17
Equity: Sector
Reliance Media & Entertainment Fund

The primary investment objective of the scheme is to generate continous returns by investing in equity and equity related or fixed income securities of Media & Entertainment and other associated companies
PORTFOLIO OF RELIANCE MEDIA & ENTERTAINMENT FUND as on May 31, 2011 Holdings Equities-
DIVIDEND HISTORY Date Rate (Re/ Unit) Weightage%
FUND DATA Type. . . .Open-ended Media & Entertainment Sector Scheme Date of allotment: . . . . . . . . . . . . . . . 30/09/2004 Inception Date . . . . . . . . . . . . . . . . . . 07/10/2004 Quarterly AAUM: . . . . .Rs. 77 Crores (31/03/2011) Minimum Investment . . . . . . . . . . . . . . . . . Rs 5,000 Fund Manager . . . . . . . . . . . . . . . . . Sailesh RajBhan Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load ................................(w.e.f 24th August 2009) completion of 1 year from the date of allotment of units 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. . . S&P CNX Media & Entertainment Index
Dish TV India Ltd 15.24 Zee Entertainment Enterprises Ltd 13.31 Jagran Prakashan Ltd 9.40 Sun TV Network Ltd 9.20 HT Media Ltd 8.92 Hinduja Ventures Ltd 8.48 PVR Ltd 8.11 Hathway Cable And Datacom Ltd 7.70 Balaji Telelms Ltd 6.30 Hindustan Media Ventures Ltd 6.27 Sub Total of Equities 92.92 Preference Shares,Cash and Other Receivables 7.08 GRAND TOTAL 100.00
Cum *EX Dividend Dividend NAV 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 2/25/2011 2.50 18.0010 15.3930 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.
VOLATILITY MEASURES Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio
0.8379 4.4007 0.6614 -0.0215 0.37
NAV AS ON MAY 31, 2011 RELIANCE MEDIA & ENTERTAINMENT FUND-Growth Plan RELIANCE MEDIA & ENTERTAINMENT FUND-Bonus Plan RELIANCE MEDIA & ENTERTAINMENT FUND-Dividend Plan
Rs. 27.2465 27.2465 16.8567
PERFORMANCE OF RELIANCE MEDIA & ENTERTAINMENT FUND VS S&P CNX MEDIA & ENTERTAINMENT INDEX AS ON MAY 31, 2011 Returns of Returns of Period Scheme (%) Benchmark (%) 6 months -9.84 -8.95 1 Year 3.71 3.01 3 Years -0.19 -2.62 5 years 8.05 7.26 Since Inception 16.26 11.90 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.
PORTFOLIO COMPOSITION AS ON MAY 31, 2011 as on May 31, 2011 figures in %

Preference Shares, Cash and Other Receivables 7.08
SIP Return SIP Start Date Current NAV (As on 31/05/2011) Total No. of units accumulated Total Amount Invested in Rs. Market Value if invested in Scheme in Rs. Market Value if invested in Benchmark in Rs. Return on SIP in Scheme Return on SIP in Benchmark (S&P CNX Media & Entertainment) 6/1/2010 27.25 424.70 12000.00 11571.48 11449.45 -6.87% -8.80% 6/1/2008 27.25 1634.95 36000.00 44546.58 45697.08 14.60% 16.41% 6/1/2006 27.25 2608.29 60000.00 71066.66 68085.75 6.78% 5.05% 10/7/2004 27.25 4134.61 80000.00 112653.76 103713.32 10.19% 7.73%
Equities 92.92
Past performance may or may not be sustained in future. a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of growth plan. 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 rst 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.
18
Equity: Sector
PORTFOLIO OF RELIANCE PHARMA FUND as on May 31, 2011 Holdings EquitiesDivis Laboratories Ltd Ranbaxy Laboratories Ltd Sun Pharmaceutical Industries Ltd Cadila Healthcare Ltd Aventis Pharma Ltd Cipla Ltd AstraZeneca Pharma India Ltd Sun Pharma Advance Research Co Ltd Lupin Ltd 11.59 10.18 9.11 8.98 8.58 4.87 4.82 4.73 4.09 3.94 3.42 3.24 3.15 3.03 2.93 2.62 2.09 2.04 1.41 1.02 95.83 4.17 100.00 Weightage %
DIVIDEND HISTORY Date Rate (Re/ Unit) 12/19/2005 2/21/2007 3/19/2008 8/28/2009 2/25/2011 1.00 1.50 1.50 1.50 2.50
Reliance Pharma Fund

The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities of Pharma and other associated companies
Cum Dividend NAV 16.8681 19.1030 17.5487 25.4824 37.4619
*EX Dividend NAV 15.8674 17.5537 15.9285 23.9825 34.8498
FUND DATA
Type. . . . . . . . . . . . . .Open-ended Pharma Sector Scheme Date of Allotment . . . . . . . . . . . . . . . . . . . . 05/06/2004 Inception Date . . . . . . . . . . . . . . . . . . . . . . 08/06/2004 Quarterly AAUM: . . . . . . . Rs. 552 Crores (31/03/2011) 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 *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 - Health Care Index
Indoco Remedies Ltd Fulford India Ltd Glaxosmithkline Pharmaceuticals Ltd Zydus Wellness Ltd Abbott India Ltd Biocon Ltd Wyeth Ltd Unichem Laboratories Ltd Glenmark Pharmaceuticals Ltd Fresenius Kabi Oncology Ltd Equity Less Than 1% of Corpus Sub Total of Equities Debt, Cash and other Receivables GRAND TOTAL VOLATILITY MEASURES Beta: Standard Deviation: R Squared: Sharpe Ratio : Portfolio Turnover Ratio:
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 MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark (%) 6 months 2.83 -2.88 1 Year 14.53 16.44 3 Years 34.06 13.28 5 years 26.69 13.53 Since Inception 28.49 16.18 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.
0.5887 3.1919 0.6206 0.1461 0.36
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011 RELIANCE PHARMA FUND -Growth Plan RELIANCE PHARMA FUND -Bonus Plan RELIANCE PHARMA FUND -Dividend Plan Rs. 57.5719 57.5719 40.0559
PORTFOLIO COMPOSITION AS ON MAY 31, 2011 as on May 31, 2011 figures in % Period SIP Start Date
Debt,Cash and Other Receivables 4.17 Equities 95.83
SIP RETURN 1 Year 6/1/2010 57.57 223.63 12000.00 12874.88 12760.82 14.50% 12.58% 3 Year 6/1/2008 57.57 1148.71 36000.00 66133.52 53580.36 44.58% 28.11% 5 Year Since inception 6/1/2006 57.57 2267.75 60000.00 130558.51 95186.69 32.02% 18.71% 6/8/2004 57.57 4032.15 84000.00 232138.64 149662.53 28.78% 16.32%
Current NAV (As on 31/05/2011) Total No. of units accumulated Total Amount Invested in Rs. Market Value if invested in Scheme in Rs. Market Value if invested in Benchmark in Rs. Return on SIP in Scheme Return on SIP in Benchmark (BSE HC)
Past performance may or may not be sustained in future. a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Growth Plan. 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 rst 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.
19
Equity: Tax Saver
Reliance Tax Saver (ELSS) Fund

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 Date of allotment . . . . . . . . . . . . . . . 21/09/2005 Inception Date . . . . . . . . . . . . . . . . . . 22/09/2005 Quarterly AAUM: . . Rs.2071 Crores (31/03/2011) 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
*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 Index
VOLATILITY MEASURES Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 0.766 3.4782 0.8857 0.0366 0.84
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV AS ON MAY 31, 2011
RELIANCE TAX SAVER (ELSS) FUND-Growth Plan RELIANCE TAX SAVER FUND-Dividend Plan
PORTFOLIO OF RELIANCE TAX SAVER (ELSS) FUND as on May 31, 2011 Holdings Weightage % Equity Eicher Motors Ltd State Bank Of India ICICI Bank Ltd Siemens Ltd Bharat Petroleum Corporation Ltd Hindustan Petroleum Corporation Ltd Maruti Suzuki India Ltd ABB Ltd Wipro Ltd Divis Laboratories Ltd Aventis Pharma Ltd Federal Mogal Goetze Ltd Cummins India Ltd Punjab National Bank Glaxosmithkline Pharmaceuticals Ltd Info Edge India Ltd Madras Cements Ltd Bharat Forge Ltd Bajaj Finance Ltd Swaraj Engines Ltd SML Isuzu Ltd Oil & Natural Gas Corporation Ltd Infosys Technologies Ltd Areva T & D India Ltd VA Tech Wabag Ltd Torrent Power Ltd Indian Metal And Ferro Alloys Ltd Trent Ltd KSB Pumps Ltd Triveni Turbine Ltd Dish TV India Ltd Axis Bank Ltd Engineers India Ltd Anant Raj Industries Ltd Federal Bank Ltd Equity Less Than 1% of Corpus Sub Total of Equities Preference Shares,Cash and Other Receivables GRAND TOTAL 6.03 5.46 4.65 4.12 3.55 3.48 3.18 3.18 3.18 3.12 3.09 3.07 2.65 2.61 2.54 2.45 2.45 2.38 2.35 2.34 2.29 2.14 1.99 1.96 1.96 1.82 1.63 1.55 1.43 1.28 1.25 1.22 1.19 1.15 1.05 9.23 99.01 0.99 100.00
Rs.
20.7912 14.6260
DIVIDEND HISTORY Date 11-Feb-11 28-Aug-09 21-Feb-07 5-Nov-07 Cum Rate (Re/ Dividend Unit) NAV 1.50 1.50 1.00 1.00 14.92 13.55 14.69 17.08 *EX Dividend NAV 13.86 12.05 13.52 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. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. PERFORMANCE OF RELIANCE TAX SAVER (ELSS) FUND VS BSE 100 INDEX AS ON MAY 31, 2011 Period 6 months 1 Year 3 years 5 years Since Inception Returns of Returns of Scheme (%) Benchmark (%) -5.51 -5.45 10.32 7.52 12.39 3.83 11.72 13.83 12.53 15.17
Preference Shares,Cash and Other Receivables 0.99
Equities 99.01
Past performance may or may not be sustained in the 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.

Textile Products 0.09% Leisure Facilities 0.39% Construction Project Consumer Non Durables Ferrous Metals Transportation Pow er Construction Miscellaneous Media & Entertainment Oil Retailing Cement Auto Ancillaries Engineering Services Finance Petroleum Products Softw are Pharmaceuticals Industrial Capital Goods Industrial Products Auto Banks 0.54% 0.80% 1.63% 1.66% 1.82% 1.93% 1.94% 1.99% 2.14% 2.18% 2.45% 3.13% 3.14% 3.32% 7.03% 8.03% 8.75% 9.26% 10.29% 11.50% 14.99%
SIP RETURN as on May 31, 2011 Period 1 Year SIP Start Date 6/1/2010 Current NAV (As on 31/05/2011) 20.79 Total No. of units accumulated 570.84 Total Amount Invested in Rs. 12000.00 Market Value if invested in Scheme in Rs. 11868.42 Market Value if invested in Benchmark in Rs. 11822.34 Return on SIP in Scheme -2.13 % Return on SIP in Benchmark (BSE 100) -2.87% Past performance may or may not be sustained in future.
3 Year 6/1/2008 20.79 2389.19 36000.00 49674.05 45634.97 22.47% 16.32%
5 Year Since inception 6/1/2006 9/22/2005 20.79 20.79 4065.66 4860.84 60000.00 69000.00 84529.91 101062.74 77664.29 94997.93 13.82% 13.29% 10.37% 11.12%
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash ows resulting out of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Growth Plan. 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 rst 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.
20
Equity: Tax Saver
FUND DATA Type. . . A 10 year close-ended Equity Linked Savings Scheme Date of allotment . . . . . . . . . . . . . . . 31/03/2008 Inception Date . . . . . . . . . . . . . . . . . . 01/04/2008 Quarterly AAUM: . . . . Rs.179 Crores (31/03/2011) Minimum Investment . . Rs.500/- and in multiples of Rs.500/- thereafter Fund Manager . . . . . . . . . . . . . . . . .Sailesh Raj Bhan Entry Load* . . . . . . . . . . . . . . . . . . . : Not Applicable 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
VOLATILITY MEASURES: Beta Standard Deviation R Squared Sharpe Ratio Portfolio Turnover Ratio 0.7685 3.5182 0.8713 0.036 0.74
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.
Note: The above measures have been calculated by taking rolling return for a 3 year period from 31/05/2008 with 8.16% Risk Free returns (taken as 91days T-bill yield as on 31/05/2011) NAV As on May 31, 2011 Reliance Equity Linked Saving FundSeries I - Growth Plan Reliance Equity Linked Saving FundSeries I - Dividend Plan Rs. 14.2776 14.2776
PERFORMANCE OF RELIANCE EQUITY LINKED SAVING FUND - SERIES I - GROWTH vs BSE 100 AS ON MAY 31, 2011 Returns of Returns of Period Scheme (%) Benchmark (%) 6 months -5.19 -5.45 1 Year 3 Years 5 years 10.42 11.63 N.A 11.79 7.52 3.83 N.A 5.42
PORTFOLIO OF RELIANCE SAVING FUND SERIES I as on May 31, 2011 Holding Equities AstraZeneca Pharma India Ltd Eicher Motors Ltd Divis Laboratories Ltd Fulford India Ltd ICICI Bank Ltd PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in % Coromandel International Ltd Indian Metal And Ferro Alloys Ltd
EQUITY
LINKED
Weightage(%)
Since Inception
7.89 7.87 6.55 6.36 4.98 4.84 4.35 4.01 3.70 3.64 3.46 3.36 3.21 2.97 2.89 2.71 2.68 2.01 1.91 1.85 1.68 1.58 1.55 1.01 87.07 12.93 100.00
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.
Hindustan Petroleum Corporation Ltd Hikal Ltd

Warrants,Preference Shares,Cash and Other Receivables 12.93
SKF India Ltd State Bank Of India Infosys Technologies Ltd Sasken Communication Technologies Ltd Larsen & Toubro Ltd HDFC Bank Ltd DCM Shriram Consolidated Ltd Hathway Cable And Datacom Ltd Blue Star Ltd Bharat Petroleum Corporation Ltd
Equities 87.07
Maruti Suzuki India Ltd Rain Commodities Ltd Torrent Power Ltd HCL Technologies Ltd Equity Less Than 1% of Corpus
Sub Total of Equities Warrants,Preference Shares,Cash and Other Receivables
Retailing 0.20% Finance 0.81% Power 1.58% Cement 1.68% Consumer Durables 2.01% Media & Entertainment 2.68% Consumer Non Durables 2.71% Construction Project 2.97% Industrial Products 3.64% Pesticides 3.70% Ferrous Metals 4.35% Fertilisers 4.84% Petroleum Products 5.92% Software 8.12% Auto 9.72% Banks 11.34% Pharmaceuticals
GRAND TOTAL
20.79%
21
Arbitrage:
FUND DATA Type. . . . . . . . . . . . An Open Ended Arbitrage Scheme
Reliance Arbitrage Advantage Fund

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. PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %
PORTFOLIO OF ARBITRAGE ADVANTAGE FUND as on May 31, 2011 Holding Weightage(%) EquitiesIndusind Bank Ltd GTL INFRASTRUCTURE LTD Indraprastha Gas Ltd IFCI Ltd Aurobindo Pharma Ltd Gujarat State Petronet Ltd Ruchi Soya Industries Ltd Divis Laboratories Ltd Hindustan Oils Exploration Ltd Mercator Lines Ltd Dena Bank Reliance Communications Ltd Pantaloon Retail (India) Ltd Jet Airways (India) Ltd Lanco Infratech Ltd Sub Total of Equities Derivatives,Cash and Other Receivables GRAND TOTAL NAV AS ON MAY 31, 2011 Reliance Arbitrage Advantage Fund Growth Plan Reliance Arbitrage Advantage FundDividend Plan 6.75 6.70 6.56 6.17 5.64 5.17 5.15 4.96 4.91 4.22 3.59 3.43 3.37 2.85 2.60 72.08 27.92 100.00 Rs. 10.5508 10.5508
Date of allotment . . . . . . . . . . . . . . . . 14/10/2010 Inception Date . . . . . . . . . . . . . . . . . . . 20/10/2010 Quarterly AAUM: . . . . . . . Rs. 1 Crore (31/03/2011) Minimum Investment . . . Rs 5000 and in multiples of Re. 1 thereafter Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga 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. *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 SECTOR ALLOCATION AS ON MAY 31, 2011
Construction Project Retailing Telecom -Services Oil Consumer Non Durables Finance Telecom - Equipment & Accessories 2.60% 3.37% 3.43% 4.91% 5.15% 6.17% 6.70% 7.07% 10.33% 10.60% 11.73%
Derivatives,Cash and Other Receivables 27.92
PERFORMANCE OF RELIANCE ARBITRAGE ADVANTAGE FUND - CRISIL LIQUID FUND AS ON MAY 31, 2011 Returns of Returns of Period Scheme (%) Benchmark (%) 6 months 3.97 3.89 Since Inception 5.37 4.66 Past performance may or may not be sustained in future. Returns are 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.
Equities 72.08
Transportation Banks Pharmaceuticals Gas
ETF
Reliance Banking Exchange Traded Fund

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.
Traded Fund. Others can buy the units in multiple of one from the exchange where they are traded. Fund Manager . . . . . . . . . . . . . . . . . . . Krishan Daga Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exchange Listed . . . . . . . . . . . . . . . . . . . . . . . . . NSE NSE Symbol . . . . . . . . . . . . . . . . . . . . . . . .RELBANK *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. . . . . . . . . . . . . . . . . . . .CNX Bank Index PORTFOLIO OF RELIANCE BANKING EXCHANGE TRADED FUND As on May 31, 2011 Holding Weightage(%) Equities ICICI Bank Ltd 32.48 HDFC Bank Ltd 22.24 State Bank Of India 15.39 Axis Bank Ltd 8.59 Kotak Mahindra Bank Ltd 4.06 Punjab National Bank 3.78 Bank Of Baroda 3.78 Bank Of India 2.17 Canara Bank 2.02 Union Bank of India 1.86 IDBI Bank Ltd 1.20 Oriental Bank of Commerce 1.12 Sub Total of Equities 98.70 Cash and Other Receivables 1.30 GRAND TOTAL 100.00
NAV As on MAY 31, 2011 Reliance Banking Exchange Traded Fund Asset Allocation Equities Cash and Other Receivables
Rs. 1,129.0631 (%) 98.70 1.30
Volatility Measures: Beta: 0.2093 Standard Deviation: 5.8231 R Squared: 0.0027 Sharpe Ratio: 0.09 Portfolio Turnover Ratio: 0.02 Note: The above measures have been calculated by taking rolling return since inception with 8.16% Risk Free returns (takan as 91days T-bill yield as on 31/05/2011) PERFORMANCE OF BANKING EXCHANGE TRADED FUND VS CNX BANK INDEX AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) -7.70 18.41 N.A N.A 27.88 -7.80 17.70 N.A N.A 26.81
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 Quarterly AAUM: . . . . Rs. 13 Crores (31/03/2011) 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 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
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.
22
Debt - Liquid
PORTFOLIO OF RELIANCE LIQUIDITY FUND As on May 31, 2011 Holding Rating Weightage (%) 1.31 1.13 2.43 9.33 7.31 5.96 4.75 4.53 4.23 2.46 2.44 2.36 2.03 1.80 1.80 1.77 1.62 1.35 1.13 0.97 0.90 0.81 0.68 0.63 0.50 0.45 0.23 0.12 0.07 0.04 0.03 0.02 60.31
Cash And Other Receivables GRAND TOTAL NAV AS ON MAY 31, 2011 Reliance Liquidity Fund-Daily Dividend Plan Reliance Liquidity Fund-Weekly Dividend Plan Reliance Liquidity Fund-Growth Plan RATING PROFILE Rating SOV P1+ A1+ PR1+ AAA UNRATED Cash & Other Receivables GRAND TOTAL
10.21 100.00 Rs. 10.0051 10.0129 14.9782
Reliance Liquidity Fund

The investment objective of the 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.
FUND DATA Type. . . . . . . . . . . . . . . An Open Ended Liquid Scheme Date of allotment . . . . . . . . . . . . . . June 16, 2005 Inception Date . . . . . . . . . . . . . . . . . . June 16, 2005 Quarterly AAUM: . . Rs. 13113 Crores (31/03/2011) Minimum Investment . . Rs 5 crore for all investors & in multiples of Re 1 thereafter Fund Manager . . . . . . . . . . . . . Amit Tripathi & Anju Chhajer Weighted Average YTM . . . . . . . . . . . . . . . 9.08% Modified Duration . . . . . . . . . . . . . . . . . . . 30 Days Weighted Avg. Maturity . . . . . . . . . . . . . . . 28 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

Petroleum Products 0.09% Chemicals 0.18% Telecom - Services 0.45% Miscellaneous 1.52% Non Banking Finance Company 2.90% Finance 5.81% Non - Ferrous Metals 5.84% Banks 62.98%
Bills Re-Discounted ICICI Bank Ltd UNRATED Axis Bank Ltd UNRATED Sub Total Of Bills Rediscounting Certicate Of Deposit HDFC Bank Ltd PR1+ Punjab National Bank PR1+ Canara Bank P1+ ICICI Bank Ltd A1+ Central Bank Of India PR1+ Allahabad Bank A1+ IDBI Bank Ltd A1+ ING Vysya Bank Ltd P1+ Axis Bank Ltd P1+ IDBI Bank Ltd P1+ Allahabad Bank P1+ Uco Bank P1+ State Bank Of Travancore P1+ Oriental Bank Of Commerce P1+ Bank Of India P1+ Karur Vysya Bank Ltd A1+ State Bank Of Bikaner & Jaipur P1+ Bank Of Maharashtra P1+ Axis Bank Ltd A1+ Indian Overseas Bank A1+ Kotak Mahindra Bank Ltd P1+ State Bank Of Hyderabad A1+ State Bank Of Hyderabad P1+ Punjab & Sind Bank P1+ Yes Bank Ltd P1+ Corporation Bank P1+ Syndicate Bank PR1+ Punjab & Sind Bank A1+ State Bank Of Travancore A1+ Sub Total Of Certicate Of Deposit Non Convertible Debentures. Hero Investments Pvt Ltd P1+ Power Finance Corporation Ltd AAA Sub Total Of Non Convertible Debentures. Commercial Paper Sterlite Industries Ltd P1+ Indiabulls Financial Services Ltd P1+ Religare Finvest Ltd A1+ India Infoline Investment Services A1+ Ltd SBI Global Factors Ltd P1+ Edelweiss Capital Ltd P1+ Idea Cellular Ltd P1+ National Housing Bank P1+ Godrej Industries Ltd A1+ Ericsson India Pvt Ltd A1+ Indian Oil Corporation Ltd P1+ Small Industries Dev Bank Of India PR1+ Sub Total Of Commercial Paper Treasury Bill Government Of India SOV Sub Total Of Treasury Bill
Weightage 10.02% 38.04% 17.85% 21.22% 0.23% 2.43% 10.21% 100.00%
PERFORMANCE OF RELIANCE LIQUIDITY FUND VS CRISIL LIQUID FUND INDEX AS ON MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark(%) 7days 0.16 0.15 15 days 0.33 0.30 30 days 0.74 0.65 3 months 2.17 1.97 6 months 4.12 3.89 1 Year 7.22 6.91 3 Years 6.71 6.19 5 Years 7.21 6.51 Since Inception 7.01 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.
2.71 0.23 2.94
5.84 2.24 1.54 1.35 1.35 0.63 0.45 0.22 0.18 0.17 0.09 0.01 14.09 10.02 10.02
Government Of India 10.02%
Cash & Other Receivables 10.21%
DIVIDEND HISTORY Date(DD/MM/YY) Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV* Reliance Liquidity Fund - Weekly Dividend 27-May-11 0.0128 10.0197 10.0035 20-May-11 0.0128 10.0197 10.0035 13-May-11 0.0127 10.0196 10.0035 6-May-11 0.0126 10.0195 10.0035 29-Apr-11 0.0072 10.0126 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 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.
23
Debt - Liquid
Reliance Liquid Fund - Treasury Plan

The primary investment objective of the 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.
FUND DATA Type. . . . . . . . . . . . . . . . . . . . . Open-ended Liquid Scheme Date of allotment . . . . . . . . . . . . . . . . . . . . . 18/03/1998 Inception Date . . . . . . . . . . . . . . . . . . . . . . . . 23/03/1998 Quarterly AAUM: . . . . . . Rs. 2229 Crores (31/03/2011) Minimum Investment Retail:. . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . 9.09% Modified Duration . . . . . . . . . . . . . . . . . . . . . . . . . 29 Days Weighted Avg. Maturity . . . . . . . . . . . . . . . . . . . . . 32 Days Retail & Institutional Plan 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 LIQUIDITY FUND TREASURY PLAN As on May 31, 2011 Holding Rating Weightage (%) Bills Rediscounting Axis Bank Ltd Unrated 5.50 Sub Total Of Bills Rediscounting 5.50 Certicate Of Deposit Punjab National Bank A1+ 12.32 Punjab National Bank Pr1+ 11.81 ING Vysya Bank Ltd P1+ 8.18 Indian Bank F1+ 7.42 Allahabad Bank A1+ 4.95 Oriental Bank Of Commerce P1+ 4.92 State Bank Of Hyderabad P1+ 3.18 HDFC Bank Ltd F1+ 2.47 State Bank Of Mysore P1+ 2.43 Canara Bank P1+ 1.54 Corporation Bank P1+ 0.62 United Bank Of India P1+ 0.62 State Bank Of Travancore P1+ 0.62 Idbi Bank Ltd P1+ 0.62 Andhra Bank P1+ 0.62 State Bank Of Hyderabad A1+ 0.62 State Bank Of Patiala A1+ 0.51 ICICI Bank Ltd A1+ 0.37 Yes Bank Ltd A1+ 0.25 Uco Bank P1+ 0.12 Sub Total Of Certicate Of 64.19 Deposit Non Convertible Debentures. Gruh Finance Ltd Laa+ 0.92 Laa Kotak Mahindra Prime Ltd 0.72 L & T Infrastructure Finance Co Ltd Laa+ 0.35 LIC Housing Finance Ltd Aaa 0.29 Sundaram Finance Ltd Laa+ 0.25 Sundaram Finance Ltd Aa+ 0.12 Sub Total Of Non Convertible 2.64 Debentures. Commercial Paper Sterlite Energy Ltd P1+ 4.76 Small Industries Dev Bank Of India Pr1+ 3.00 Religare Finvest Ltd A1+ 2.46 Sesa Goa Ltd P1+ 2.45 Indiabulls Financial Services Ltd P1+ 2.43 Aditya Birla Finance Ltd A1+ 1.86 ICICI Securities Ltd P1+ 1.24 Kesoram Industries Ltd Pr1+ 1.24 Jindal Power Ltd Pr1+ 1.21 Jm Financial Services Pvt Ltd P1+ 1.11 Idea Cellular Ltd P1+ 1.11 Hcl Infosystem Ltd A1+ 0.85 Ecl Finance Ltd P1+ 0.74 National Housing Bank P1+ 0.62 India Infrastructure Developers Ltd Pr1+ 0.49 Small Industries Dev Bank Of India P1+ 0.37 Housing Development Finance P1+ 0.20 Corporation Ltd Apollo Tyres Ltd P1+ 0.02
Sub Total Of Commercial Paper Cash And Other Receivables GRAND TOTAL NAV AS ON MAY 31, 2011 Reliance Liquid Fund - Treasury Plan -Daily Dividend Plan Reliance Liquid Fund - Treasury Plan -Weekly Dividend Plan Reliance Liquid Fund - Treasury Plan -Monthly Dividend Plan Reliance Liquid Fund - Treasury Plan -Quarterly Dividend Plan Reliance Liquid Fund - Treasury Plan -Growth Plan Reliance Liquid Fund - Treasury Plan -Institutional Daily Dividend Plan Reliance Liquid Fund - Treasury Plan -Institutional Weekly Dividend Plan Reliance Liquid Fund - Treasury Plan -Institutional Monthly Dividend Plan Reliance Liquid Fund - Treasury Plan -Institutional Growth Plan RATING PROFILE Rating P1+ A1+ F1+ PR1+ AAA AA+ LAA+ LAA UNRATED Cash & Other Receivables GRAND TOTAL
26.18 1.49 100.00 Rs. 15.2428 10.3511 13.3269 12.3527 23.7459 15.2874 15.3173 21.7741 24.2215
Weightage 38.54% 24.18% 9.90% 17.75% 0.29% 0.12% 1.51% 0.72% 5.50% 1.49% 100.00%
PERFORMANCE OF RELIANCE LIQUID FUND TREASURY PLAN VS CRISIL LIQUID FUND INDEX AS ON MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark(%) 7days 15 days 30 days 3 months 6 months 1 Year 3 Years 5 Years Since Inception 0.16 0.32 0.72 2.11 3.97 6.75 6.40 6.79 6.76 0.15 0.30 0.65 1.97 3.89 6.91 6.19 6.51 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. * N.A. denotes non-availability of suitable index at the time of inception.
Special Feature Reliance Any Time Money Card
figures in %
Telecom - Equipment & Accessories 0.85% Telecom - Services 1.11% Auto Ancillaries 1.26% Cash & Other Receivables 1.49% Minerals/Mining 2.45% Non Banking Finance Company 2.46% Miscellaneous 7.21% Banks 73.68%
Finance 9.48%
DIVIDEND HISTORY Date(DD/MM/YY) Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV* Reliance Liquid Fund - Treasury Plan - Retail - Monthly Dividend 25-May-11 0.0705 13.3984 13.3088 25-Apr-11 0.0764 13.4056 13.3086 25-Mar-11 0.0658 13.3931 13.3091 Reliance Liquid Fund - Treasury Plan - Retail - Wkly Dividend 27-May-11 0.0129 10.3581 10.3417 20-May-11 0.0128 10.3580 10.3417 13-May-11 0.0128 10.3580 10.3417 6-May-11 0.0127 10.3578 10.3417 29-Apr-11 0.0072 10.3509 10.3417 Reliance Liquid Fund - Treasury Plan - Retail - Qtly Dividend 21-Mar-11 0.1823 12.3872 12.1545 20-Dec-10 0.1444 12.3357 12.1513 20-Sep-10 0.1133 12.2934 12.1488 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.
24
Debt - Liquid
FUND DATA Type. . . . . . . . . . . . . . . . . Open-ended Liquid Scheme Date of allotment . . . . . . . . . . . . . . . . 07/12/2001 Inception Date . . . . . . . . . . . . . . . . . . . 07/12/2001 Quarterly AAUM: . . . .Rs. 6725 Crores (31/03/2011) Minimum InvestmentRs. 5,000 & in multiples of Re.1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fund Manager . . . . . . . . . . . . . . . . . . . . .Amit Tripathi Weighted Average YTM . . . . . . . . . . . . . . . . . 9.23% 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/ 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 As on May 31, 2011 Holding Rating Bills Rediscounting Axis Bank Ltd Unrated Kotak Mahindra Bank Ltd Unrated Sub Total Of Bills Rediscounting Certicate Of Deposit Indian Overseas Bank IDBI Bank Ltd Bank Of India Icici Bank Ltd Vijaya Bank Canara Bank Central Bank Of India Punjab & Sind Bank Punjab National Bank Andhra Bank State Bank Of Travancore HDFC Bank Ltd Oriental Bank Of Commerce State Bank Of Patiala Corporation Bank Uco Bank State Bank Of India State Bank Of Hyderabad State Bank Of Mysore Indian Bank Union Bank Of India State Bank Of Travancore Syndicate Bank Allahabad Bank State Bank Of Hyderabad Uco Bank Sub Total Of Certicate Of Deposit Treasury Bill Government Of India Sub Total Of Treasury Bill Cash And Other Receivables GRAND TOTAL Pr1+ A1+ P1+ A1+ Pr1+ P1+ Pr1+ A1+ Pr1+ Pr1+ P1+ Pr1+ P1+ A1+ P1+ Pr1+ Pr1+ P1+ A1+ P1+ P1+ A1+ Pr1+ A1+ A1+ P1+
Reliance Liquid Fund - Cash Plan

The primary investment objective of the 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.
RATING PROFILE Rating SOV P1+ A1+ PR1+ UNRATED Cash & Other Receivables Grand Total NAV AS ON MAY 31, 2011 Reliance Liquid Cash Plan-Growth Plan
Weightage (%) 4.46% 23.33% 23.26% 35.60% 9.82% 3.52% 100.00% Rs. 16.1225 10.9273 11.1415
Reliance Liquid Cash Plan-Weekly Dividend Plan Reliance Liquid Cash Plan-Daily Dividend Plan
Reliance Liquid Cash Plan-Monthly Dividend Plan 10.0420 Reliance Liquid Cash Plan-Quarterly Dividend Plan 10.1708 PERFORMANCE OF RELIANCE LIQUID FUND CASH PLAN VS CRISIL LIQUID FUND INDEX AS ON NOVEMBER 08, 2010 Period Returns of Returns of Scheme (%) Benchmark(%) 7days 0.11 0.13 15 days 0.22 0.25 30 days 0.47 0.54 3 months 1.31 1.5 6 months 2.42 2.72 1 Year 3.8 4.45 3 Years 4.57 6.13 5 Years 5.09 6.29 Since Inception 4.97 N.A. NAV PERFORMANCE REPORT AS ON MAY 31, 2011 Period Returns of Scheme (%) 7days 0.17 15 days 0.33 30 days 0.75 3 months 2.18 6 months 4.20 Since Inception 4.56 Rs Returns of Benchmark(%) 0.15 0.32 0.63 1.97 3.89 4.29
7.26 2.56 9.82

Cash & Other Receivables 3.52% Government Of India 4.46%
9.14 9.10 8.68 7.49 7.35 6.23 5.93 4.54 4.35 3.65 3.19 2.74 2.00 1.55 1.46 1.46 0.92 0.85 0.46 0.46 0.46 0.09 0.06 0.02 0.01 0.01 82.19
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. 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 Feature
Reliance Any Time Money Card
Sov
4.46 4.46 3.52 100.00
DIVIDEND HISTORY Date(DD/MM/YY) 27-May-11 20-May-11

Banks 92.01%
Rate (Re/ Unit) 0.0141 0.0141 0.0139 0.0139 0.0080
Cum Dividend NAV 10.9348 10.9348 10.9346 10.9345 10.9270
EX Dividend NAV* 10.9169 10.9169 10.9169 10.9169 10.9169
13-May-11 6-May-11 29-Apr-11
25
Debt - Ultra Short Term
PORTFOLIO OF RELIANCE FLOATING RATE FUND SHORT TERM PLAN As on May 31, 2011 Holding Certicate Of Deposit Canara Bank State Bank Of Bikaner & Jaipur Andhra Bank Allahabad Bank State Bank Of Mysore IDBI Bank Ltd State Bank Of Mysore Indian Overseas Bank Bank Of Baroda Syndicate Bank State Bank Of Patiala Punjab & Sind Bank State Bank Of India State Bank Of Hyderabad State Bank Of Travancore State Bank Of Patiala P1+ P1+ Pr1+ A1+ A1+ P1+ P1+ A1+ P1+ Pr1+ A1+ A1+ P1+ A1+ P1+ P1+ Pr1+ P1+ A1+ P1+ P1+ Pr1+ A1+ 10.08 9.81 5.54 4.99 3.97 3.79 3.74 3.57 3.28 3.08 2.45 2.32 2.32 1.68 1.56 1.50 1.24 1.17 0.86 0.83 0.39 0.24 0.05 68.45 La+ Aaa Aaa Aa+ Aa 2.50 2.45 0.98 0.51 0.30 6.74 Rating Weightage(%)
Government Of India Sub Total Of Treasury Bill Cash And Other Receivables GRAND TOTAL NAV AS ON MAY 31, 2011 Reliance Floating Rate - Short Growth Plan Reliance Floating Rate - Short Dividend Plan Reliance Floating Rate - Short Daily Dividend Plan Reliance Floating Rate - Short Weekly Dividend Plan Reliance Floating Rate - Short Quarterly Dividend Plan RATING PROFILE SOV P1+ A1+ PR1+ AAA AA+ AA LA+ CASH & OTHER RECEIVABLES GRAND TOTAL Term PlanTerm PlanTerm PlanTerm PlanTerm Plan-
Sov
1.23 1.23 1.46 100.00
Reliance Floating Rate Fund - Short Term Plan

(Formerly as Reliance Floating Rate Fund)
Rs. 15.6698 10.1214 10.0665 10.0814 10.2381
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 floating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for fixed returns).
FUND DATA Type. . . . . . . . . . . . . An Open-ended Income Scheme Date of allotment . . . . . . . . . . . . . . . . 27/08/2004 Inception Date . . . . . . . . . . . . . . . . . . . 02/09/2004 Quarterly AAUM: . . . . Rs. 462 Crores (31/03/2011) Minimum Investment Rs. 5,000 & in multiples of Re.1 thereafter Fund Manager . . . . . . . . . . . . . . . . . . . . .Amit Tripathi Weighted Average YTM . . . . . . . . . . . . . . . . . 9.54% Modified Duration . . . . . . . . . . . . . . . . . . . 130 Days Weighted Avg. Maturity . . . . . . . . . . . . . . . 141 Days Entry Load * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load . . . . 0.25%, if units are redeemed within 1 month from the date of allotment.
*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.
HDFC Bank Ltd Bank Of India Indian Bank Yes Bank Ltd Union Bank Of India Canara Bank ICICI Bank Ltd Sub Total Of Certicate Of Deposit Non Convertible Debentures. Manappuram General Fin & Leasing Ltd Reliance Capital Ltd Cairn India Ltd L&T Finance Ltd Srei Equipment Finance Pvt Ltd Sub Total Of Non Convertible Debentures. Commercial Paper Sesa Goa Ltd Power Finance Corporation Ltd L&T Finance Ltd National Bank For Agriculture And Rural Development Sub Total Of Commercial Paper Ptc Indian Inf Equip Rec Trust Sub Total Of Ptc Treasury Bill
1.23% 53.58% 19.88% 15.10% 5.44% 0.51% 0.30% 2.50% 1.46% 100.00%
PERFORMANCE OF RELIANCE FLOATING RATE FUND - SHORT TERM PLAN VS CRISIL LIQUID FUND INDEX AS ON MAY 23, 2010 Returns of Period Returns of Scheme (%) Benchmark(%) 7 days 0.09 0.06 15 days 0.19 0.13 30 days 0.39 0.27 3 months 1.13 0.94 6 months 2.22 1.72 1 Year 4.76 3.10 3 Years 7.18 6.23 5 Years 7.05 6.19 Since Inception 7.43 6.50 NAV PERFORMANCE REPORT AS ON MAY 31, 2011 6 Months 1 Year Reliance Floating Rate Fund - Short Term Plan Growth Crisil Liquid Fund Index 4.17
Since Inception 7.25 7.22
Benchmark. . . . . . . . . . . . . . . . Crisil Liquid Fund Index
P1+ P1+ Pr1+ P1+
6.95 5.73 5.00 2.43 20.11
3.89
6.91
6.85
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 May 24, 2010. Accordingly, above performance is calculated from May 24, 2010. and the Scheme was renamed as Reliance Floating Rate Fund - Short Term Plan.
Aaa
2.02 2.02
PORTFOLIO COMPOSITION AS ON MAY 31, 2011 DIVIDEND HISTORY figures in %
Oil 0.98% Government Of India 1.23% Cash & Other Receivables 1.46% Financial Institutions 2.43% Miscellaneous 4.52% Minerals/Mining 6.95% Banks 68.45%
Finance 13.98%
Date(DD/MM/YY) Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV* Reliance Floating Rate Fund - Short Term Plan Wkly Dividend 24-May-11 0.0091 10.0917 10.0814 18-May-11 0.0168 10.1005 10.0814 10-May-11 0.0149 10.0983 10.0814 Reliance Floating Rate Fund - Short Term Plan Dividend (Monthly) 19-May-11 0.0575 10.1659 10.1016 19-Apr-11 0.1057 10.0930 10.0814 21-Mar-11 0.0665 10.1784 10.1012 Reliance Floating Rate Fund - Short Term Plan Dividend (Quarterly) 21-Mar-11 0.1500 10.2057 10.0334 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.
26
Debt : Ultra Short Term
Reliance
Money Manager Fund
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. FUND DATA Type. . . . . . . . . . . . . . . . Open-ended Income Scheme Date of allotment . . . . . . . . . . . . . . . . .20/03/2007 Inception Date . . . . . . . . . . . . . . . . . . . . 21/03/2007 Quarterly AAUM: . . . Rs. 8809 Crores (31/03/2011) Minimum Investment . For Retail Plan: Rs. 1 lac and in multiples of Re. 1 thereafter For Institutional Plan: Rs 1 Crore and in multiples of Re 1 thereafter Fund Manager . . . . . . . . . Amit Tripathi & Anju Chhajer Weighted Average YTM . . . . . . . . . . . . . . . . . . 8.92% Modified Duration . . . . . . . . . . . . . . . . . . . . . 31 Days Weighted Average Maturity . . . . . . . . . . . . . . 33 Days Retail & Institutional Plan 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 MONEY MANAGER FUND As on May 31, 2011 Weigh Holding Rating tage(%) Bills Rediscounting ICICI Bank Ltd Unrated 0.97 Sub Total Of Bills Rediscounting 0.97 Certicate Of Deposit Punjab National Bank Pr1+ 9.41 ICICI Bank Ltd A1+ 6.22 Andhra Bank Pr1+ 5.80 Vijaya Bank Pr1+ 5.48 Canara Bank P1+ 4.83 Allahabad Bank A1+ 4.65
IDBI Bank Ltd Indian Overseas Bank Corporation Bank Punjab & Sind Bank IDBI Bank Ltd State Bank Of Bikaner & Jaipur Yes Bank Ltd Axis Bank Ltd Kotak Mahindra Bank Ltd Bank Of Baroda State Bank Of Mysore State Bank Of Patiala Oriental Bank Of Commerce Axis Bank Ltd Syndicate Bank State Bank Of Travancore Federal Bank Ltd Yes Bank Ltd Sub Total Of Certicate Of Deposit Non Convertible Debentures. Hero Investments Pvt Ltd LIC Housing Finance Ltd Barclays Invest & Loans India Ltd Gruh Finance Ltd Power Finance Corporation Ltd Tata Capital Ltd TGS Investment & Trade Pvt Ltd Trapti Trading & Invest Pvt Ltd Sub Total Of Non Convertible Debentures. Commercial Paper Sterlite Industries Ltd Indiabulls Financial Services Ltd Hindustan Petroleum Corporation Ltd Export Import Bank Of India Sesa Goa Ltd L&T Finance Ltd Edelweiss Capital Ltd Sterlite Energy Ltd Turquoise Invest & Finance Pvt Ltd Small Industries Dev Bank Of India Trapti Trading & Invest Pvt Ltd Tgs Investment & Trade Pvt Ltd Kotak Mahindra Investments Ltd Apollo Tyres Ltd Housing Development Finance Corporation Ltd Ericsson India Pvt Ltd Ecl Finance Ltd Sub Total Of Commercial Paper Treasury Bill Government Of India
P1+ A1+ P1+ A1+ A1+ P1+ P1+ A1+ P1+ A1+ A1+ A1+ P1+ P1+ Pr1+ A1+ P1+ A1+
4.55 3.64 3.52 1.93 1.64 0.99 0.98 0.72 0.70 0.69 0.48 0.48 0.44 0.25 0.10 0.08 0.03 0.03 57.65
Sub Total Of Treasury Bill Cash And Other Receivables GRAND TOTAL NAV AS ON May 31, 2011 Reliance Money Manager Fund-Retail Growth Reliance Money Manager Fund-Retail Bonus Reliance Money Manager Fund-Retail Daily Dividend Reliance Money Manager Fund-Retail Weekly Dividend Reliance Money Manager Fund-Retail Monthly Dividend Reliance Money Manager Fund-Retail Quarterly Dividend Reliance Money Manager FundInstitutional Growth Reliance Money Manager FundInstitutional Daily Dividend Reliance Money Manager FundInstitutional Weekly Dividend Reliance Money Manager FundInstitutional Monthly Dividend RATING PROFILE Rating SOV P1+ A1+ PR1+ AAA AA+ LAA+ UNRATED Cash & Other Receivables GRAND TOTAL
0.24 4.67 100.00 Rs. 1,343.0549 1,334.1970 1,001.1218 1,002.9398 1,010.9375 1,040.1914 1,358.7931 1,001.3715 1,001.8698 1,009.8732
P1+ Aaa Aa+ Laa+ Aaa Laa+ A1+ A1+
3.94 1.09 0.99 0.62 0.49 0.16 0.07 0.07 7.43
P1+ P1+ P1+ P1+ P1+ Pr1+ P1+ P1+ P1+ Pr1+ A1+ A1+ A1+ P1+ P1+ A1+ P1+
6.86 6.84 4.27 1.97 1.78 1.24 1.23 0.97 0.74 0.67 0.59 0.49 0.39 0.26 0.25 0.25 0.25 29.03 0.24
Weightage (%) 0.24% 45.65% 22.42% 22.70% 1.59% 0.99% 0.78% 0.97% 4.67% 100.00%
PERFORMANCE OF MONEY MANAGER FUND VS CRISIL LIQUID FUND INDEX AS ON MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark(%) 6 Months 4.13 3.89 1 year 7.00 6.91 3 Years 6.74 6.19 5 Years N.A N.A. Since inception 7.26 6.61 Past performance may or may not be sustained in the 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.
Sov
DIVIDEND HISTORY Date(DD/MM/YY)
Rate (Re/ Unit)
Cum Dividend NAV
EX Dividend NAV*
Auto Ancillaries 0.26% Non Banking Finance Company 0.39% Minerals/Mining 1.78% Financial Institutions 1.97% Petroleum Products 4.27% Miscellaneous 4.40% Cash & Other Receivables 4.67% Non - Ferrous Metals 6.86%
Banks 59.30%
Finance 15.86%
Reliance Money Manager Fund - Weekly Dividend 24-May-11 1.2153 1004.3194 1002.9398 18-May-11 1.6504 1004.8133 1002.9398 10-May-11 1.4191 1004.5508 1002.9398 Reliance Money Manager Fund -Retail - Monthly Dividend 19-May-11 6.1139 1015.1081 1008.3998 19-Apr-11 6.5594 1015.5880 1008.3667 21-Mar-11 5.6399 1014.2894 1008.0940 Reliance Money Manager Fund -Retail - Quarterly Dividend 21-Mar-11 17.5921 1042.4244 1022.6291 20-Dec-10 14.1223 1038.2701 1022.3852 20-Sep-10 11.0551 1011.9555 1007.9477 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.
27
Debt : Ultra Short Term
Reliance Medium Term Fund

The primary investment objective of the scheme is to 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 Date of allotment . . . . . . . . . . . . . . . . 14/09/2000 Inception Date . . . . . . . . . . . . . . . . . . . 25/09/2000 Quarterly AAUM: . . . Rs. 1956 Crores (31/03/2011) Minimum Investment Rs. 5,000 & in multiples of Re.1 thereafter Fund Manager . . . . . . . . . Amit Tripathi & Anju Chhajer Weighted Average YTM: . . . . . . . . . . . . . . . . . 9.50% Modified Duration: . . . . . . . . . . . . . . . . . . . .81 Days Weighted Avg. Maturity: . . . . . . . . . . . . . . . .89 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 Short-term Bond Fund Index
PORTFOLIO OF RELIANCE MEDIUM-TERM FUND As on May 31, 2011 Holding Rating Weightage (%) Certicate of Deposit Andhra Bank Pr1+ 15.50 State Bank Of Hyderabad P1+ 15.09 State Bank Of Patiala P1+ 14.72 Kotak Mahindra Bank Ltd P1+ 9.49 State Bank Of Patiala A1+ 5.72 Union Bank Of India P1+ 2.91 ICICI Bank Ltd A1+ 1.75 Axis Bank Ltd A1+ 0.74 Axis Bank Ltd P1+ 0.69 Punjab & Sind Bank A1+ 0.53 Karur Vysya Bank Ltd A1+ 0.46 State Bank Of Hyderabad A1+ 0.39 State Bank Of Mysore P1+ 0.23 State Bank Of Mysore A1+ 0.08 State Bank Of Travancore P1+ 0.04 Sub Total Of Certicate Of 68.32 Deposit Non Convertible Debentures. Bahadur Chand Investments Pvt. Ltd Kotak Mahindra Prime Ltd Sub Total Of Non Convertible Debentures. Commercial Paper National Bank For Agriculture And Rural Development Sterlite Industries Ltd I L & F S Ltd Tata Capital Ltd Sub Total Of Commercial Paper Cash And Other Receivables GRAND TOTAL Aa P1+ 7.80 0.46 8.27
NAV AS ON MAY 31, 2011 Reliance Medium Term Fund-Growth Plan Reliance Medium Term Fund-Bonus Plan
Rs. 20.6169 14.7244
Reliance Medium Term Fund-Quarterly Dividend Plan 10.9017 Reliance Medium Term Fund-Monthly Dividend Plan 10.3839 Reliance Medium Term Fund-Daily Dividend Plan 17.0959 Reliance Medium Term Fund-Weekly Dividend Plan 17.0959 RATING PROFILE Rating P1+ A1+ PR1+ AA Cash & Other Receivables GRAND TOTAL
Weightage (%) 59.68% 12.27% 15.50% 7.80% 4.75% 100.00%
PERFORMANCE OF RELIANCE MEDIUM-TERM FUND VS CRISIL SHORT TERM BOND FUND INDEX AS ON MAY 31, 2011 Period 6 months 1 Years 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) 4.13 7.13 6.67 6.68 6.96 2.86 5.00 6.75 6.92 N.A
P1+ P1+ A1+ A1+
8.32 7.74 1.67 0.93 18.66 4.75 100.00
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. N.A. denotes non-availability of suitable index at the time of inception.

Finance 3.07%
DIVIDEND HISTORY Date(DD/MM/YY) Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV* Reliance Medium Term Fund- Retail - Weekly 24-May-11 0.0144 17.1123 17.0959 18-May-11 0.0274 17.1270 17.0959 10-May-11 0.0248 17.1240 17.0959 Reliance Medium Term Fund- Retail - Quarterly 21-Mar-11 0.1819 10.9129 10.7049 20-Dec-10 0.1415 10.8704 10.7098 20-Sep-10 0.1290 10.8525 10.7072 Reliance Medium Term Fund- Retail - Monthly 20-May-11 0.0617 10.4348 10.3709 20-Apr-11 0.0951 10.4806 10.3739 21-Mar-11 0.0558 10.4366 10.3722 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.
Cash & Other Receivables 4.75% Non - Ferrous Metals 7.74% Miscellaneous 7.80%
Financial Institutions 8.32%
Banks 68.32%
28
Debt : Short Term
PORTFOLIO OF RELIANCE SHORT TERM FUND As on May 31, 2011 Holding Certicate of Deposit State Bank Of Hyderabad P1+ A1+ A1+ P1+ P1+ P1+ 8.92 7.59 2.28 1.33 0.88 0.07 21.05 State Bank Of Patiala State Bank Of Mysore State Bank Of India State Bank Of Travancore Bank Of India Sub Total Of Certicate Of Deposit Non Convertible Debentures. Sundaram Finance Ltd HCL Technologies Ltd Tata Power Co Ltd Tata Sons Ltd Aditya Birla Nuvo Ltd Housing Development Finance Corporation Ltd Tata Motors Ltd Reliance Capital Ltd Reliance Capital Ltd Bajaj Finance Ltd L&T Finance Ltd Kotak Mahindra Prime Ltd Sub Total Of Non Convertible Debentures. Commercial Paper Sesa Goa Ltd Sub Total Of Commercial Paper Government Bond Government Of India Sub Total Of Government Bond PTC Tata Teleservices Ltd Sub Total Of PTC Zero Coupon Bond Sundaram Finance Ltd Sub Total Of Zero Coupon Bond Cash And Other Receivables GRAND TOTAL Laa+ 0.24 0.24 3.85 100.00 A+ 13.12 13.12 Sov 5.68 5.68 P1+ 9.94 9.94 Laa+ Aa+ Aa Aaa Laa+ Aaa Aaa Aaa Aaa Aa+ Aa+ Laa Rating Weightage (%)
NAV AS ON MAY 31, 2011 Reliance Short Term Fund-Growth Plan Reliance Short Term Fund-Quarterly Dividend Plan RATING PROFILE Rating SOV P1+ A1+ AAA AA+ LAA+ AA LAA A+ Cash & Other Receivables GRAND TOTAL
Rs. 18.5007 13.5775
Reliance Short Term Fund

The primary investment objective of the scheme is to generate stable returns for investors with a short term investment horizon by investing in fixed income securitites of a short term maturity
Reliance Short Term Fund-Dividend Re-Investment Plan 10.6192
FUND DATA Type. . . . . . . . . . . . . . . .Open-ended Income Scheme Date of allotment . . . . . . . . . . . . . . . . 18/12/2002 Inception Date . . . . . . . . . . . . . . . . . . . 23/12/2002 Quarterly AAUM: . . . Rs. 2864 Crores (31/03/2011) Minimum Investment . . . . . . . . . . . . . . . . . Rs. 5,000 & in multiples of Re.1 thereafter. Fund Manager . . . . . . . . . . . . . . . . . . Prashant Pimple Weighted Average YTM . . . . . . . . . . . . . . . . 10.14% Modified Duration . . . . . . . . . . . . . . . . . . 1.42 Years Weighted Avg. Maturity . . . . . . . . . . . . . . 1.73 Years 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
10.73 10.33 5.58 5.10 4.04 3.41 3.13 1.47 0.72 0.70 0.56 0.35 46.13
Weightage (%) 5.68% 21.13% 9.87% 13.84% 11.59% 15.00% 5.58% 0.35% 13.12% 3.85% 100.00%
PERFORMANCE OF RELIANCE SHORT-TERM FUND VS CRISIL LIQUID FUND INDEX AS ON MAY 31, 2011 Period 6 months 1 Years 3 Years 5 Years Since Inception Returns of Scheme (%) 3.07 5.08 8.27 8.53 7.54 Returns of Benchmark (%) 3.89 6.91 6.19 6.51 5.75

Cash & Other Receivables 3.85% Consumer Non Durables 4.04% Power 5.58% Auto 3.13% Banks 21.05%
DIVIDEND HISTORY Date(DD/MM/YY) Reliance Short Term Fund - Dividend 25-May-11 25-Apr-11 25-Mar-11 Reliance Short Term Fund - Quarterly Dividend 21-Mar-11 20-Dec-10 0.1561 0.0791 0.1318 13.5775 13.4818 13.4785 13.3982 13.3921 13.3317 0.0362 0.0736 0.0567 10.6565 10.7012 10.6779 10.6167 10.6215 10.6304 Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV*
Minerals/Mining 9.94%
Miscellaneous 18.22%
20-Sep-10
Software 10.33% Finance 18.18%
29
Debt : Long Term
Reliance Regular Savings Fund - Debt Option

The primary investment objective of this option is to 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.
FUND DATA Type..................................................Open-ended scheme Date of Allotment.......................................08/06/2005 Inception Date............................................09/06/2005 Quarterly AAUM: . . Rs. 2468 Crores (31/03/2011) 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 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: . . . . . . . . . . . . . . . . . 10.44% Modified Duration: . . . . . . . . . . . . . . . . . . . . 383 Days Weighted Avg. Maturity: . . . . . . . . . . . . . . . . 418 Days *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 Distributor Benchmark..................Crisil Composite Bond Fund Index
PORTFOLIO OF RELIANCE REGULAR SAVINGS FUND - DEBT OPTION As on May 31, 2011 Weigh Holdings RATING tage Certicate Of Deposit State Bank Of Mysore A1+ 0.26 Sub Total Of Certicate Of 0.26 Deposit Non Convertible Debentures. Kotak Mahindra Prime Ltd Laa 8.50 Manappuram General Fin & La+ 6.59 Leasing Ltd Muthoot Finance Ltd P1+ 6.59 Bahadur Chand Investments Aa 5.62 Pvt. Ltd Sundaram Finance Ltd Laa+ 4.50 Tube Investments Of India Ltd Aa 3.23 Cholamandalam Invt And Fin Laa3.23 Co Ltd Indiabulls Financial Services Ltd Aa 2.66 Bajaj Finance Ltd Aa+ 2.27 Ballarpur Industries Ltd Aa1.62 Ballarpur Industries Ltd Aa-(So) 1.61 Reliance Capital Ltd Aaa 1.61 Sundaram Bnp Paribas Home Aa+ 1.40 Fina Ltd Bilt Graphic Paper Products Ltd Aa-(So) 0.39 Sub Total Of Non Convertible 49.83 Debentures. PTC Tata Teleservices Ltd A+ 10.18 Aditya Birla Nuvo Ltd Laa+(So) 6.48 Time Technoplast Ltd P1+(So) 3.34 Shriram Transport Finance Co Ltd Aa+ 3.24 Sub Total Of Ptc 23.24 Zero Coupon Bond Lands End Properties Pvt Ltd Aa+ 9.25 Indiabulls Financial Services Ltd Laa 7.39 Deutsche Postbank Home Aa+ 4.29 Finance Ltd Tata Housing Development Co Aa3.82 Ltd Kotak Mahindra Prime Ltd Laa 0.03 Sub Total Of Zero Coupon Bond 24.79 Cash And Other Receivables 1.89 GRAND TOTAL 100.00 NAV AS ON MAY 31, 2011 Reliance Regular Savings Fund Debt Plan-Retail Growth Reliance Regular Savings Fund Debt Plan-Retailquarterly Dividend Reliance Regular Savings Fund Debt Plan-Institutional Growth Reliance Regular Savings Fund Debt Plan-Institutional Quarterly Dividend Rs. 13.3888 12.3971 13.5462 12.4824
RATING PROFILE Rating LAA+(SO) P1+ P1+(SO) A1+ AAA AA+ LAA+ AA LAA AAAA-(SO) LAAA+ LA+ CASH & OTHER RECEIVABLES GRAND TOTAL
Weightage 6.48% 6.59% 3.34% 0.26% 1.61% 20.46% 4.50% 11.51% 15.93% 5.44% 2.00% 3.23% 10.18% 6.59% 1.89% 100.00%
PERFORMANCE OF RELIANCE REGULAR SAVINGS FUND - DEBT OPTION VS CRISIL COMPOSITE BOND FUND INDEX AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Scheme (%) 2.94 4.77 6.07 5.33 4.95 Returns of Benchmark (%) 2.13 4.09 5.85 5.78 5.37
Past performance may or may not be sustained in the 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.

Cash & Other Receivables 1.89% Banks 0.26% Miscellaneous 43.83%
DIVIDEND HISTORY Date(DD/MM/YY) 21-Mar-11 21-Dec-10 29-Sep-10 28-Jun-10 30-Mar-10 12-Jan-10 Rate (Re/ Unit) Cum Dividend NAV 0.1304 0.0264 0.0864 0.1212 0.1206 0.3416 12.3694 12.2316 12.2651 12.2847 12.2437 12.4739 EX Dividend NAV* 12.2216 12.2022 12.1715 12.1486 12.1108 12.0860 Reliance Regular Savings Fund - Debt Option - Retail - Quarterly
Consumer Durables 3.23% Paper 3.24% Industrial Products 3.34% Diversified 6.48%
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.
Finance 37.74%
30
Debt : Long Term
FUND DATA Type. . . . . . . . . . . . . . Open-ended Income Scheme Date of allotment . . . . . . . . . . . . . . . 01/01/1998 Inception Date . . . . . . . . . . . . . . . . . . 01/01/1998 Quarterly AAUM: . . . Rs. 211 Crores (31/03/2011) 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 Weighted Average YTM: . . . . . . . . . . . . . . . 10.63% Modified Duration: . . . . . . . . . . . . . . . . . . 751 Days Weighted Avg. Maturity: . . . . . . . . . . . . . . .996 Days 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 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. . . . . . . Crisil Composite Bond Fund Index PORTFOLIO OF RELIANCE INCOME FUND As on May 31, 2011 Holding Certicate of Deposit Bank Of India State Bank Of Patiala State Bank Of Patiala State Bank Of Mysore Sub Total of Certicate of Deposit Non Convertible Debentures. Tata Motors Ltd Rural Electrication Corporation Ltd State Bank Of Hyderabad Sub Total of Non Convertible Debentures. Government Bond Government Of India Sub Total of Government Bond Cash and other Receivables GRAND TOTAL Rating P1+ A1+ P1+ A1+ Weightage(%) 27.22 17.89 8.90 0.93 54.95 10.54 0.96 0.57 12.08 SOV 23.19 23.19 9.79 100.00
NAV AS ON MAY 31, 2011 Reliance Income Fund-Growth Plan Reliance Income Fund-Bonus Plan Reliance Income Fund-Annual Dividend Plan Reliance Income Fund-Half-Yearly Dividend Plan Reliance Income Fund-Quarterly Dividend Plan Reliance Income Fund-Monthly Dividend Plan RATING PROFILE Rating SOV P1+ A1+ AAA Cash & Other Receivables GRAND TOTAL
Rs. 32.3813 15.2624 12.3206 12.1228 13.3666 10.2063
Reliance Income Fund

The primary investment objective of the scheme is to 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
Weightage 23.19% 36.12% 18.82% 12.08% 9.79% 100.00%
PERFORMANCE OF RELIANCE INCOME FUND VS CRISIL COMPOSITE BOND FUND INDEX As on MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) 2.53 3.47 8.15 7.82 9.18 2.13 4.09 5.85 5.78 N.A
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. * N.A. denotes non-availability of suitable index at the time of inception.
AAA AAA AAA
Finance 0.96% Cash & Other Receivables 9.79% Banks 55.52% Auto 10.54%
DIVIDEND HISTORY Date(DD/MM/YY) Reliance Income Fund 21-Mar-11 20-Sep-10 19-Mar-10 22-Sep-09 Reliance Income Fund 19-May-11 19-Apr-11 21-Mar-11 Reliance Income Fund 21-Mar-11 20-Dec-10 21-Jun-10 Reliance Income Fund 21-Mar-11 19-Mar-10 19-Mar-09
Rate (Re/ Unit) Cum Dividend NAV - Retail - Half Yearly 0.2766 0.1789 0.1595 0.3153 - Retail - Monthly 0.0051 0.0629 0.0615 - Retail - Quarterly 0.1443 0.0439 0.1581 - Retail - Annualy 0.4845 0.5941 1.2530 12.7717 12.9176 13.6323 13.4218 13.3326 13.3143 10.2045 10.2698 10.2697 12.3387 12.2342 12.2065 12.3467
EX Dividend NAV* 12.0239 12.0449 12.0233 12.0021 10.1951 10.1950 10.1997 13.2575 13.2794 13.1438 12.2202 12.2381 12.2273
31
Debt : Dynamic
FUND DATA Type. . . . . . . . . . . . . . Open-ended Income Scheme Date of Allotment . . . . . . . . . . . . . . . 15/11/2004 Inception Date . . . . . . . . . . . . . . . . . . 16/11/2004 Quarterly AAUM: . . . Rs. 284 Crores (31/03/2011) 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 from the date of allotment of units - Nil if units are redeemed after 6 months from the date of allotment of units Weighted Average YTM: . . . . . . . . . . . . . . . . .8.61% Modified Duration: . . . . . . . . . . . . . . . . . . . .77 Days Weighted Avg. Maturity: . . . . . . . . . . . . . . . .85 Days *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 Composite Bond Fund Index PORTFOLIO OF RELIANCE DYNAMIC BOND FUND As on May 31, 2011 Holding Rating P1+ A1+ Weightage (%) 18.64 8.07 26.72
RATING PROFILE Rating P1+ A1+ Cash & Other Receivables GRAND TOTAL NAV AS ON MAY 31, 2011 Reliance Dynamic Bond Fund-Dividend Plan Reliance Dynamic Bond Fund-Growth Plan Weightage 75.95% 8.07% 15.98% 100.00% Rs. 12.8882 12.8868
Reliance Dynamic Bond Fund

(Formerly as Reliance NRI Income Fund)
The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt Instruments
PERFORMANCE OF RELIANCE INCOME FUND VS CRISIL COMPOSITE BOND FUND INDEX As on MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Scheme (%) 3.14 6.12 3.30 3.78 3.92 Returns of Benchmark (%) 2.13 4.09 5.85 5.78 5.61
Cash & Other Receivables 15.98%
Certicate of Deposit Kotak Mahindra Bank Ltd State Bank Of Mysore Sub Total of Certicate of Deposit Commercial Paper Small Industries Dev Bank Of India Power Finance Corporation Ltd Sub Total of Commercial Paper Cash And Other Receivables GRAND TOTAL
BANKS 55.39%
P1+ P1+
28.67 28.63 57.30 15.98 100.00
Finance 28.63%
32
Debt : Gilt
FUND DATA Type . . . . . . . . . . . . . .. An Open Ended Government . . . . . . . . . . . . . . . . . . . . . . . . . . Securities Scheme Date of allotment . . . . . . . . . . . . . . July 10, 2003 Inception Date . . . . . . . . . . . . . . . . . July 10, 2003 Quarterly AAUM: . . . . . . . . . . . . . Rs. 76 Crores (31/03/2011) 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 . . . . . . . . . . . . . . . .. . . . . Retail Plan Retail & Institutional Plan Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load (w.e.f. August 24, 2009) . . . . . . . . . . . Nil Weighted Average YTM: . . . . . . . . . . . . . . . . . . 8.55% Modified Duration: . . . . . . . . . . . . . . . . . . . 1015 Days Weighted Avg. Maturity: . . . . . . . . . . . . . . . 1519 Days *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 . . . . . . . . . . . . . . . . . . . . . I-Sec Li-BEX
NAV AS ON MAY 31, 2011 Reliance Gilt Securities Fund-Retail Growth Plan
Rs. 12.2561
Reliance Gilt Securities Fund

The primary investment objective of the scheme is to generate optimal credit risk-free returns by investing in a portfolio of securities issued and guaranteed by the Central Government and State Government
Reliance Gilt Securities Fund-Retail Dividend 10.0376 Plan Reliance Gilt Securities Fund-Retail Automatic Capital App Plan Reliance Gilt Securities Fund-Retail Dened Maturity Plan Reliance Gilt Securities Fund-Retail Automatic Annual Reinvestment Plan Reliance Gilt Securities Fund-Institutional Growth Plan Reliance Gilt Securities Fund-Institutional Automatic Capital App Plan 12.2561 12.2561 10.2729 12.2802 12.2802
RATING PROFILE Rating SOV Cash & Other Receivables GRAND TOTAL
Weightage 95.38% 4.62% 100.00%
PERFORMANCE OF RELIANCE GILT SECURITIES FUND - RETAIL - GROWTH VS I-SEC LI-BEX INDEX AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Yrs Since Inception Returns of Scheme (%) 2.43 2.74 N.A N.A 7.47 Returns of Benchmark (%) 2.87 4.44 N.A N.A 11.35
PORTFOLIO OF RELIANCE GILT SECURITIES FUND As on May 31, 2011 Holding Government Bond Government Of India Sub Total of Government Bond State Government Bond State Governement Securities Sub Total of State Government Bond Treasury Bill Government Of India Sub Total of Treasury Bill Cash and other Receivables GRAND TOTAL SOV 52.69 52.69 4.62 100.00 SOV 0.00 0.00 SOV 42.68 42.68 Rating Weightage (%)
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
DIVIDEND HISTORY Date(DD/MM/YY) Rate (Re/ Unit) 0.0052 0.0579 0.0550 0.0613 0.0492 0.0719 0.0195 0.0390 0.1752 0.0613 0.6462 0.0821 0.5473 0.0363 Cum Dividend NAV 10.0427 10.1042 10.0626 10.1003 10.0642 10.1296 10.0309 10.0445 10.9402 10.5098 11.8046 10.4811 10.9056 10.1237 EX Dividend NAV* 10.0341 10.0429 10.0188 10.0337 10.0233 10.0000 10.0280 10.0135 10.6373 10.4398 11.0669 10.4681 10.2808 10.0000 Reliance Gilt Securities Fund- Retail 25-May-11 25-Mar-11 25-Feb-11 27-Dec-10 25-Nov-10 25-May-10 26-Apr-10 25-Jan-10 27-Apr-09 28-Jan-09 26-Dec-08 25-Nov-08 29-Oct-08 25-Sep-08
figures in %
Cash & Other Receivables 4.62% State Government 0.00%
33
Debt: MIP
FUND DATA Type...... Open-ended Fund. Monthly Income is not assured & is subject to the availability of distributable surplus. Date of allotment . . . . . . . . . . . . . . . 29/12/2003 Inception Date . . . . . . . . . . . . . . . . . . 13/01/2004 Quarterly AAUM: . . . . Rs. 8393 Crores (31/03/2011) Minimum Investment (w.e.f. December 07, 2011): For all plans & options Rs. 5000 & in multiples of Re. 1 thereafter Fund Manager . . . . . . Amit Tripathi , Ashwani Kumar Weighted Average YTM: . . . . . . 9.92% (for the debt portion of the portfolio) Modified Duration: . . . . . . . . . . . . . . . . . . .508 Days Weighted Avg. Maturity: . . . . . . . . . . . . . . .657 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 . . . . . . . . . . . . . *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 MIP Blended Index PORTFOLIO OF RELIANCE MONTHLY INCOME PLAN Rating Weightage(%) Certicate of Deposit Axis Bank Ltd P1+ 3.28 Bank Of India P1+ 2.28 Oriental Bank Of Commerce P1+ 2.21 State Bank Of Patiala A1+ 1.40 State Bank Of Mysore P1+ 1.24 State Bank Of Hyderabad P1+ 1.19 Bank Of Baroda P1+ 0.10 State Bank Of Travancore P1+ 0.07 Andhra Bank Pr1+ 0.03 ICICI Bank Ltd A1+ 0.01 Vijaya Bank Pr1+ 0.01 Sub Total Of Certicate Of 11.82 Deposit Non Convertible Debentures. LIC Housing Finance Ltd Aaa 7.84 Housing Development Finance Aaa 5.82 Corporation Ltd Reliance Capital Ltd Aaa 3.56 Cairn India Ltd Aaa 3.49 Tata Power Co Ltd Aa 2.38 Reliance Utilities & Power Aaa 2.16 Pvt Ltd Tata Motors Ltd Aaa 2.06 LIC Housing Finance Ltd Aaa 1.83 Tata Sons Ltd Aaa 1.75 Citinancial Consumer Finance Aa+ 1.65 India Ltd Tata Steel Ltd Aa 1.37 Geetanjali Trading & Inv Pvt Ltd Aaa 1.34 Tata Capital Ltd Aa+ 1.00 Tata Motors Finance Ltd Aa0.76 Tata Motors Ltd Laa0.72 Rallis India Ltd Aa 0.66 Mahindra & Mahindra Financial Aa 0.65 Services Ltd Ashok Leyland Ltd Aa0.65 Kotak Mahindra Prime Ltd Laa 0.63 Indiabulls Financial Services Ltd Laa 0.62 Tata Capital Ltd Laa+ 0.54 Srei Equipment Finance Pvt Ltd Aa 0.54 Indian Hotels Company Ltd Laa+ 0.51 Bilt Graphic Paper Products Ltd Aa-(So) 0.47 Cholamandalam Invt And Fin Laa0.46 Co Ltd
As on May 31, 2011
Reliance Monthly Income Plan

The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital
PORTFOLIO OF RELIANCE MONTHLY INCOME PLAN Rating Weightage(%) L&T Finance Ltd Aa+ 0.43 Sundaram Finance Ltd Laa+ 0.42 Shriram City Union Finance Ltd Aa0.37 Indian Railway Finance Corp Aaa 0.34 Ltd HCL Technologies Ltd Aa+ 0.33 Shriram Transport Finance Co Aa 0.33 Ltd Aditya Birla Nuvo Ltd Laa+ 0.27 Tata Communications Ltd Aa+ 0.21 Bahadur Chand Investments Aa 0.20 Pvt. Ltd SREI Equipment Finance Pvt Aa 0.17 Ltd Cholamandalam Invt And Fin Aa0.16 Co Ltd India Infoline Investment Laa0.15 Services Ltd Bajaj Finance Ltd Laa+ 0.14 Sundaram Bnp Paribas Home Laa 0.09 Fina Ltd Bajaj Finance Ltd Aa+ 0.07 Ultratech Cement Ltd Aaa 0.06 Shriram Transport Finance Co Aa 0.05 Ltd Sub Total Of Non Convertible 47.25 Debentures. Commercial Paper Sesa Goa Ltd P1+ 2.18 Sub Total Of Commercial 2.18 Paper Equity Maruti Suzuki India Ltd 1.49 Siemens Ltd 1.25 Bharat Petroleum Corporation 1.15 Ltd ICICI Bank Ltd 1.02 Oil & Natural Gas Corporation 0.87 Ltd Tata Motors Ltd 0.80 Bharat Forge Ltd 0.76 Eicher Motors Ltd 0.74 State Bank Of India 0.71 Glaxosmithkline 0.66 Pharmaceuticals Ltd Hindustan Petroleum 0.64 Corporation Ltd SKF India Ltd 0.58 Divis Laboratories Ltd 0.57 ABB Ltd 0.53 Areva T & D India Ltd 0.51 Federal Mogal Goetze Ltd 0.49 VA Tech Wabag Ltd 0.49 Talwalkars Better Value Fitness 0.40 Ltd Tata Steel Ltd 0.40 Madras Cements Ltd 0.39 Aventis Pharma Ltd 0.37 Spicejet Ltd 0.36 Torrent Power Ltd 0.33 Hindustan Media Ventures Ltd 0.33 Graphite India Ltd 0.30 Ashok Leyland Ltd 0.29 Indian Oil Corporation Ltd 0.28 Punjab National Bank 0.26 Jaiprakash Associates Ltd 0.23 Bank Of Baroda 0.23 Indiabulls Financial Services Ltd 0.22 Gujarat State Fertilizers & 0.22 Chemicals Ltd Triveni Turbine Ltd 0.17 Orient Green Power Co Ltd 0.14 Cadila Healthcare Ltd 0.12 Jagran Prakashan Ltd 0.12 Triveni Engeering & Industries 0.11 Ltd
As on May 31, 2011
34
contd...
Debt : MIP
Reliance Monthly Income Plan
PORTFOLIO OF RELIANCE MONTHLY INCOME PLAN Rating Weightage(%) Mahindra Forgings Ltd 0.10 SML Isuzu Ltd 0.05 Kirloskar Oil Engines Ltd 0.03 Sub Total Of Equity 18.70 Floating Rate Note L&T Finance Ltd Laa+ 1.35 Shriram Transport Finance Co Aa 0.13 Ltd Sub Total Of Floating Rate 1.48 Note Equity Futures Punjab National Bank 0.06 Sub Total Of Equity Futures 0.06 Government Bond Government Of India Sov 4.20 Sub Total Of Government 4.20 Bond PTC Tata Teleservices Ltd A+ 3.58 Aditya Birla Nuvo Ltd Laa+(So) 1.91 Indian Inf Equip Rec Trust Aaa 1.48 July2010 Tata Motors Finance Ltd Aa-(So) 0.90 TML Auto Sec Trust Feb 2010 Aa+(So) 0.16 Jet Airways (India) Ltd Aaa(So) 0.10 Tata Capital Ltd Aa+(So) 0.02 Sub Total Of PTC 8.16 Warrant Housing Development Finance 0.45 Corporation Ltd Sub Total Of Warrant 0.45 Zero Coupon Bond Sundaram Finance Ltd Laa+ 1.11 Lands End Properties Pvt Ltd Aa+ 0.38 Kotak Mahindra Prime Ltd Laa 0.36 Infrastructure Development Laaa 0.29 Finance Company Ltd Indiabulls Financial Services Ltd Laa 0.21 Housing Development Finance Aaa 0.11 Corporation Ltd Sundaram Finance Ltd Aa+ 0.04 Sub Total Of Zero Coupon 2.52 Bond Cash And Other Receivables 3.19 GRAND TOTAL 100.00
As on May 31, 2011
RATING PROFILE Rating AAA Equity P1+ AA LAA+ SOV AA+ A+ AALAA Cash & Other Receivables LAA+(SO) A1+ AA-(SO) LAAWarrant LAAA AA+(SO) AAA(SO) Equity Futures PR1+ GRAND TOTAL Weightage 31.85% 18.70% 12.54% 6.48% 4.35% 4.20% 4.12% 3.58% 1.94% 1.91% 3.19% 1.91% 1.41% 1.37% 1.33% 0.45% 0.29% 0.18% 0.10% 0.06% 0.05% 100.00
PERFORMANCE OF RELIANCE MIP VS CRISILMIP BLENDED INDEX AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) 1.14 6.16 14.55 11.20 11.07 1.11 5.06 6.34 7.42 6.74
NAV AS ON MAY 31, 2011 Reliance Monthly Income Fund-Monthly Dividend Plan Reliance Monthly Income Fund-Quarterly Dividend Plan Reliance Monthly Income Fund-Growth Plan PORTFOLIO COMPOSITION AS ON MAY 31, 2011 DIVIDEND HISTORY Date(DD/MM/YY) figures in % 20-May-11 20-Apr-11
Cement 0.45% Transportation Engineering Services Hotels Auto Ancillaries Pesticides 0.46% 0.49% 0.51% 0.52% 0.66% Media & Entertainment 0.45% Leisure Facilities 0.40% Consumer Non Durables 0.38% Financial Institutions 0.34% Software0.33% Construction0.23% Fertilisers 0.22% Telecom - Services 0.21% Finance 29.95%
Rs. 10.7640 11.5732 21.7634
Dividend Per Unit 0.0573 0.0617 0.0615 0.1845 0.0264 0.1933
Cum Dividend NAV 10.8121 10.9247 10.7265 11.5329 11.7362 11.8985
EX Dividend NAV* 10.7295 10.8620 10.6782 11.5254 11.7213 11.6811
Reliance Monthly Income Plan - Monthly Dividend
21-Mar-11 Reliance Monthly Income Plan - Quarterly Dividend 21-Mar-11 20-Dec-10 20-Sep-10
Pharmaceuticals 1.72% Industrial Products 1.75% Ferrous Metals 1.76% Diversified 1.91% Petroleum Products 2.07% Minerals/mining 2.18% Industrial Capital Goods 2.29% Power 2.85% Cash & Other Receivables 3.19% Non Banking Finance Company 3.31% Government Of India 4.20% Oil 4.36% Auto 6.79%
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.
Banks 14.11%
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.
Miscellaneous 11.94%
35
GOLD: ETF
Reliance Gold Exchange Traded Fund

INVESTMENT 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 Quarterly AAUM: . . .Rs. 434 Crores ( 31/03/2011) 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. Others can buy the units in multiple of one from the exchange where they are traded. Exchange listed . . . . . . . . . . . . . . . . . . . . . . . . . NSE NSE Symbol . . . . . . . . . . . . . . . . . . . . . . . RELGOLD Fund Manager . . . . . . . . . . . . . . . . . Hiren Chandaria 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . As there are no indices catering to the gold sector/ securities linked to Gold, . . .currently RGETF shall be benchmarked against the price of Gold..
PORTFOLIO OF RELIANCE GOLD EXCHANGE TRADED FUND As on May 31, 2011 Holding Weightage(%) GOLD GOLD 995 1KG BAR 64.63 GOLD 995 1KG BAR-Ahmedabad 35.70 Sub Total of Gold 100.33 Cash and Other Receivables -0.33 GRAND TOTAL 100.00 NAV as on May 31, 2011 Reliance Gold Fund-Dividend Payout Asset Allocation GOLD Cash and Other Receivables Rs. 2,128.4108 (%) 100.33 -0.33
PERFORMANCE OF RELIANCE GOLD EXCHANGE TRADED FUND-DIVIDEND PAYOUT OPTION VS GOLD PRICE AS ON MAY 31, 2011 Period Returns of Returns of Scheme (%) Benchmark (%) 6 months 8.24 8.71 1 Year 20.02 21.15 3 Years 20.94 22.72 5 Years N.A N.A Since Inception 23.00 25.03 Past performance may or may not be sustained in future. Returns are of Dividend Payout Option. 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.
GOLD: FOF
FUND DATA Type .. . . . . . .An open ended Fund of Fund Scheme Date of allotment . . . . . . . . . . . . 7th March 2011 Inception Date . . . . . . . . . . . . . . . 11th March 2011 Quarterly AAUM: . . .Rs. 141Crores ( 31/03/2011 ) Rs. 5000 & in multiples of Re.1 thereafter Fund Manager . . . . . . . . . . . . . . . . . Hiren Chandaria Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2%- 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 *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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Scheme's performance will be benchmarked against the price of physical gold. As there are no indices catering to the gold sector/securities linked to Gold, currently Reliance Gold Savings Fund shall be benchmarked against the price of Gold. PORTFOLIO OF RELIANCE GOLD SAVINGS FUND as on May 31, 2011 Holding Weightage(%) EXCHANGE TRADED FUNDS RELIANCE MF GOLD ETF 97.85 Sub Total Exchange Traded Funds 97.85 Cash and Other Receivables 2.15 GRAND TOTAL 100.00
NAV AS ON MAY 31, 2011 Reliance Gold Savings Fund-Growth Plan Reliance Gold Savings Fund-Dividend Plan Asset Allocation Exchange Traded Funds Cash and Other Receivables
Rs. 10.7546 10.7547 (%) 97.85 2.15
Reliance Gold Savings Fund

The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by Reliance Gold Exchange Traded Fund (RGETF)
PERFORMANCE OF RELIANCE GOLD SAVINGS FUND VS PRICES OF GOLD AS ON MAY 31, 2011 Period 6 months 1 Year 3 Years 5 Years Since Inception Returns of Returns of Scheme (%) Benchmark (%) N.A N.A N.A N.A 7.18 N.A N.A N.A N.A 8.47
36
Equity Fund Management Team

Name of the Fund Manager
Sunil Singhania
Samir Rachh
Experience in Total Experience managing the respective funds

Reliance Growth Fund - Since Dec 2003 Reliance Long Term Equity Fund - Since Dec 2006 Reliance Diversied Power Sector Fund - Since May 2004 Reliance Banking Fund - Since May 2003 Reliance Small Cap Fund Since Sept 10 Reliance Vision Fund - Since June 2003 Reliance Tax Saver (ELSS) Fund- Since Sept 2005 Reliance Equity Advantage Fund - Since Aug 2007 Reliance Monthly Income Plan Since Jan 2004 Reliance Equity Opportunities Fund- Since March 2005 Reliance Equity Advantage FundSince Aug 2007 Reliance Pharma Fund - Since June 2004 Reliance Media & Entertainment Fund- Since Oct 2004 Reliance Equity Linked Saving Fund - Series 1Since March 2008 Reliance NRI Equity FundSince November 2004 Reliance Regular Savings FundEquity option Since Oct 2007 Reliance Regular Savings FundBalanced optionSince Oct 2007 Reliance Equity Fund-Since Aug 31, 2009 Reliance Quant of Plus Fund Since July 2008 Reliance Banking 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 Assistant Fund Manager for Reliance Banking Fund since Sept 10 Assistant Fund Manager for Reliance Tax Saver (ELSS) Fund & Reliance Equity Opportunities Fund since Sep 2010 Over 19 Years of experience, of which 13 years in Capital Markets Jahnvee Shah
Assistant Fund Manager for Reliance Long Term Equity Fund since Sep 2010 Dedicated Fund Manager for overseas investments
Over 12 years of experience in equity research
Reliance Any Time Money Card

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 dened in the offer document.
Over 5 years of experience in Equity Securities research and analysis
Debt Fund Management Team

Name of the Fund Manager
Mr. Amitabh Mohanty
Experience in Total Experience managing the respective funds

Over 11 and half years experience in Fixed Income Function
Ashwani Kumar
Over 15 years of experience in equity research & 5 years of experience in managing equity portfolios & fund management
Mr. Amit Tripathi
Sailesh Raj Bhan
Over 12 years experience in Equity Securities research, analysis and fund management
Reliance Liquidity FundSince June 05 Reliance Floating Rate Fund Since Oct 07 Reliance Liquid Fund Cash Plan Since Oct 2003 Reliance Income Fund From Oct 07 to Sept 08 Reliance Money Manager Fund Since March 07 Reliance Monthly Income PlanSince Oct 08 Reliance Medium Term Fund-Since Oct 08 Reliance Regular Savings Fund Balanced Option Since Aug 2010 Reliance Money Manager Fund Since Oct 2009 Reliance Medium Term Fund Since October 2009 Reliance Liquidity Fund - Since October 2009 Reliance Dual Advantage Fixed Tenure Fund Plan A-Since May 2010 Reliance Gold ETF - Since May 2008 Reliance Gold Savings Fund - Since March 2011 Reliance NRI Income FundSince Oct 2008 Reliance Income Fund- Since Oct 2008 Reliance Gilt Securities FundSince Oct 2008 Reliance Short Term FundSince Oct 2008 Reliance Liquid Fund-Treasury plan - since Oct 08, Reliance Regular Savings Fund - Debt option - Since Aug 2010
Over 7 years experience in managing Fixed Income portfolios
Ms. Anju Chhajer

Over 18 years of experience of which 3 years of managing investments in equities
Omprakash S. Kuckian
Over 9 years experience in managing Fixed Income portfolios
Krishan Daga
Over 16 years experience, of which 13 years in Equity Research
Mr. Hiren Chandaria
Over 3 years exp in commodity analysis, advisory, dealing and trading Over 7 years experience in managing xed income securities.
Mr. Prashant Pimple
Shrey Loonker
Over 6 years of experience in nance and equity research Over 11 years of experience of which 4 years in equity research
Viral Berawala
37
37
SnapShot
equity
Features/ Scheme Type Reliance Growth Fund An open ended equity growth scheme Inception Date October 8, 1995 Reliance Vision Fund An open ended equity growth scheme October 8, 1995 Reliance Equity Opportunities Fund An open ended diversified equity scheme March 31, 2005 The primary investment objective of the scheme is to seek to generate capital appreciation & provide longThe primary investment objective of Investment objective the scheme is to achieve long term growth of capital by investing in equity and equity related securities approach. the scheme is to achieve long-term growth of capital by investing in equity and equity related securities approach 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. April 18, 2008 The investment objective of the scheme is to generate capital appreciation through investment in 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. The primary investment 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. An open ended equity scheme Reliance Quant Plus Fund# Reliance Equity Linked Saving Fund-Series I 10 Year close ended equity linked saving scheme April 1, 2008
The primary investment objective of term growth opportunities by investing equity and equity related instruments.
through a research based investment through a research based investment
Equity & Equity Related Instruments75%-100% & Debt & Money Market Equity & Equity Related Instruments Equity & Equity Related Instruments Asset Allocation 65%-100% & Debt & Money Market Instrument 0% - 35% 60% - 100% & Debt Instruments 0% - 30% & Money Market Instruments 0% - 10% Instruments* 0% - 25% (*including 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. Equity & Equity Related InstrumentsInstruments - 0%-10% Market Instruments- 0% - 20% upto 25% of the corpus in securitised 90%-100% & Debt & Money Market Equity-80%-100% & Debt & Money
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 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
Exit Load
1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units.
Choice of Plans and Options
Under each of Retail and Institutional Plan following options are included: Growth Plan (Growth Option & Bonus Option) & Dividend Plan (Dividend Payout Growth Plan (Growth Option) & Dividend Option & Dividend Reinvestment Option) Plan (Dividend Payout Option) Sailesh Raj Bhan & Viral Berawala
Fund Manager
Sunil Singhania
Ashwani Kumar
(Assistant Fund Manager)
Krishan Daga
Sailesh Raj Bhan
Benchmark
BSE 100
BSE 100
BSE 100
S&P CNX Nifty
BSE 100
Minimum Application Amount Retail Plan: Rs.5000 & in multiples of Re 1 thereafter Institutional Plan: Rs.5 crore & in multiples of Re 1 thereafter (only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plan)
Rs 500 & in multiples of Rs 500 thereafter
SIP STP SWP
(only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plan)
(only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plans)
(only under Retail Plan) (only under Retail Plan) (both Retail and Institutional Plan)
(Available during specified redemption period) (Aailable during specified redemption period)
38 38
Fundamentals Feb 2011 Fundamentals June 2011
Reliance Regular Savings Fund-Equity Option An open ended scheme
Reliance Regular Savings Fund - Balanced Option** An open ended scheme
Reliance NRI Equity Fund An open ended diversified equity scheme
Reliance Tax Saver (ELSS) Fund An open ended equity linked savings scheme
Reliance Natural Resources Fund An open ended equity scheme
June 9, 2005
June 9, 2005
November 16, 2004
September 22, 2005
February 26, 2008
The primary investment objective of the 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. 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. 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. 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 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 & Equity Related Instruments (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) 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%
Equity and Equity related securities 80%-100% and Debt and Money Market Instruments with an average maturity of 5-10 yrs -0%-20%
Equity and Equity Related Instruments50%-75%,Debt & Money Market instruments-25%-50%
Equity and Equity related securities 80%100% and Debt and Money Market Instrument 0% - 20%
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.
Nil (Lock in Period of 3 years)
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
Growth Plan (Growth Option, Bonus Option) Growth Plan & Dividend Plan (Dividend Growth Plan & Dividend Plan (Dividend Payout & Dividend Plan ( Dividend Payout Option & Payout Option & Dividend Reinvestment Option & Dividend Reinvestment Option) Dividend Reinvestment Option) Option)
Growth Plan (Growth Option) & Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option) Ashwani Kumar & Viral Berawala (Assistant Fund Manager)
Retail and Institutional Plan: Growth Plan (Growth Option and Bonus Option) & Dividend Plan (Dividend Payout Option and Dividend Reinvestment Option)
Omprakash Kuckian
Amit Tripathi & Omprakash Kuckian
Om Prakash Kuckian
Ashwani Kumar
#Crisil Balanced Fund Index #Benchmark of Reliance Regular Savings BSE-100 Fund Balanced Option has been changed to Crisil Balanced Fund Index from Crisil MIP Index with effect from 21st Feb-07 BSE 200 BSE 100 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.
Rs. 500 & in multiples of Re. 1 thereafter
Rs. 500 & in multiples of Re. 1 thereafter
Rs 5000 and in multiples of Re 1 thereafter
Rs. 500 & in multiples of Rs. 500 thereafter
Retail Plan: Rs 5000 per plan per option & in multiples 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)
(Subject to 3 yrs Lock-in ) (Subject to 3 yrs Lock-in ) (Subject to 3 yrs Lock-in )
**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.
39
39
SnapShot
equity
Features/ Scheme Reliance Equity Fund Reliance Equity Advanatge Fund Reliance Infrastructure Fund Reliance Long-Term Equity Fund
Type
An open ended diversified equity scheme
An open ended diversified equity scheme August 9, 2007
An open ended diversified equity scheme July 20, 2009
An open ended diversified equity scheme December 27, 2006
Inception Date
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.
Investment objective
The primary investment objective of the fund is The primary investment objective of the scheme to seek to generate capital appreciation and is to generate long term capital appreciation by The primary investment objective of the provide long term growth opportunities by investing predominantly in equity ang equity scheme is to seek to generate long term investing in a portfolio predominanatly of equity related instruments of companies engaged in capital appreciation & provide long-term and equity related instruments with investments infrastructure and infrastructure related sectors growth opportunities by investing in a generally in S&P CNX Nifty stocks and the and which are incorporated or have their area of portfolio constituted of equity & equity related secondary objective is to generate consistent primary activity, in India and the secondary securities and Derivatives and the secondary returns by investing in debt and money market objective is to generate consistent returns by objective is to generate consistent returns by securities. investing in debt & money market securities investing in debt and money market securities.
Asset Allocation
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)
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)
Equities and equity related securities including derivatives engaged in infrastructure sectors and Equity and equity related securities infrastructure related sectors #: 65%-100%. Instruments 70% -100%, Debt and money Debt and Money market securities** (including market securities (including investments in investments in securitised debt): 0% - 35%. ** securitised debt) instruments 0%-30%. ( An including securitised debt upto 30%. #Atleast overall limit of 100% of the portfolio value 65% of investment would be made in equity / has been introduced for the purpose of equity equity related securities of companies engaged derivatives in the scheme) in infrastructure sectors and infrastructure related sectors.
Entry Load
Since it is a close ended scheme, for subscription at the time of NFO N.A. On Retail Plan: For Subscription below Rs 2 croresongoing basis on maturity of the scheme 2.25%, For subscription 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 an Nil In terms of SEBI of Rs 2 crore & above Retail Plan: 2.25% Retail Plan: 2.25% when it is converted automatically into but below Rs 5 Crores- 1.25%, For subscriptions Institutional Distributors based on the investors' Institutional Plan: Nil factors including the service scheme:For Subscription below open ended rendered by the distributor commission shall be paid directly by the investor to the AMFI registeredPlan: Nil assessment of various of Rs 5 Crores & Above -Nil. Institutional Plan: Rs 2 Crore- 2.25%,For Subscription of Rs 2 Nil 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
Exit Load 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 Reinvestment Option)
Omprakash Kuckian Ashwani Kumar & Sailesh Raj Bhan
The schemes Offers two plans, Retail Plan and Institutional Plan. Each Plan has the following : Growth Plan (Growth Option) & Dividend Plan Growth Plan (Growth Option & Bonus Option) & (Dividend Payout Option & Dividend Dividend Plan (Dividend Payout Option & Reinvestment Option) Dividend Reinvestment Option) Sunil Singhania Sunil Singhania & Samir Rachh (Assistant Fund Manager w.e.f. September 01, 2010) BSE 200
Fund Manager
Benchmark
S&P CNX Nifty
S&P CNX Nifty
BSE 100
Minimum Application Amount
"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
Rs. 5000 and in multiples of Re 1 thereafter under each plan
SIP
(only under Retail Plan)
STP
SWP (under both Retail and Institutional Plans) (under both Retail and Institutional Plans)
40 40
Reliance Banking Fund
Reliance Diversified Power Sector Fund
Reliance Media & Entertainment Fund
Reliance Pharma Fund
An open ended banking sector scheme
An open ended power sector scheme
An open ended media & entertainment sector scheme October 7, 2004
An open ended pharma sector scheme June 8, 2004
May 28, 2003
May 10, 2004
The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to seek to generate continuous returns by actively seek to generate continuous returns by actively generate consistent returns by investing in equity seek to generate continuous returns by investing in investing in equity and equity related or fixed income investing in equity and equity related or fixed income and equity related or fixed income securities of equity and equity related or fixed income securities of securities of companies in the Banking Sector securities of Power and other associated companies Media & Entertainment and other associated Pharma and other associated companies companies
Equity & Equity Related Instruments-0%-100% & Debt & Money Market Instruments: 0%-100%
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)
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
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 Reinvestment Option) Sailesh Raj Bhan Sailesh Raj Bhan
Sunil Singhania & Shrey Loonker (Assistant Fund Manager w.e.f. September 01, 2010) S&P CNX Banks Index
Sunil Singhania
India Power Index
S&P CNX Media & Entertainment Index
BSE Healthcare Index
Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter, Institutional Plan: Rs. 5 crore in multiples of Re. 1 thereafter
Rs 5000 per plan per option and in multiples of Re 1 thereafter
Rs 5000 and in multiples of Re 1 thereafter
(Both Retail & Institutional Plan)
(Both Retail & Institutional Plan)
41
41
SnapShot
debt
Features/ Scheme Type Reliance Medium-Term Fund An open ended income scheme with no assured returns Reliance Money Manager Fund Reliance Regular Savings Fund -Debt Option An open ended scheme Reliance Monthly Income Plan An open ended fund. Monthly Income is not assured & is subject to the availability of distributable surplus
An open ended income scheme
Inception Date
September 25, 2000
March 21, 2007
June 9, 2005
January 13, 2004
Investment objective
The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.
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
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.
The primary investment objective of the scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital
Asset Allocation
Money Market Instruments/Short Term debt Debt* Instruments including Government Instruments/Floating Rate Notes with maturity/ Securities, Corporate Debt, Other debt interest rate reset period not exceeding 3 instruments and Money Market Instruments with months: 0% - 80%, Money Market average maturity less than equal to 12 monthsInstruments (CPs, T-Bills, CDs) and/or other 0% - 100%,Debt* Instruments including Short Term debt instruments (Floating Rate Government Securities, Corporate Debt and other Notes, Short Tenor NCDs, Securitized debt) and debt Instruments with average maturity greater any other instrument with maturity/interest rate than 12 months- 0% - 50% (*Securitised debt reset period of more than 3 months: 20% upto 60% of the corpus) 100%. w.e.f. September 19, 2009 Nil Nil
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
Equity and Equity related Securities-0%-20%, Fixed Income Securities 80% - 100% (Securitised debt upto 25% of the corpus)
Nil
Entry Load
Exit Load
Nil
Under Retail and Institutional Plan: 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.
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 (Growth Option) & Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option)
For Retail and Institutional Plan: Growth Option, For Retail and Institutional Plan: Growth Bonus Option, Dividend Option (Dividend Option, Bonus Option, Dividend Option Reinvestment Option- (Daily Dividend Under Retail Plan and Institutional Plan: (Dividend Reinvestment Option-(Daily Dividend Reinvestment , Weekly Dividend Reinvestment. , Growth Plan & Dividend Plan (Dividend Reinvestment. Weekly Dividend Reinvestment Monthly Dividend Reinvestment, Quarterly Dividend Payout Option & Dividend Reinvestment Monthly Dividend Reinvestment, Quarterly Reinvestment), Dividend Payout Option-(Weekly Dividend Reinvestment), Dividend Payout OptionOption) Dividend Payout, Monthly Dividend Payout (Monthly Dividend Payout, Quarterly Dividend Quarterly Dividend Payout) Payout)
Daily (reinvestment option), Weekly (reinvestment Daily(reinvestment option),Weekly(reinvestment Option & payout option), under Monthly & option), under Monthly & option & payout Quarterly (both reinvestmentQuarterly (both reinvestment option & payout option) option)
Growth Plan & Dividend Option (Dividend Payout Option & Dividend Reinvestment Option)
Dividend Frequencies Dividend Periodicity$ Weekly Monthly Quarterly Half yearly Annual Fund Manager Benchmark
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
NA 21st of the last month of each calendar quarter Prashant Pimple Crisil Composite Bond Fund Index
Monthly & Quarterly for both the options 20th 20th of last month of each calendar quarter Amit Tripathi & Ashwani Kumar Crisil MIP Blended Index
Every Tuesday Every Friday
19th 19th Amit Tripathi & Anju Chhajer Crisil Liquid Fund Index
Rs. 5,000
For Retail Plan (All Options) - 1 lakh and in Retail Plan: Rs. 500 per option & in multiples of Re 1 thereafter, For Institutional Plan multiples of Re. 1 thereafter. Institutional (All Options) - Rs 1 Crore and in multiples of Re Plan: Rs. 25 lacs per option and in 1 thereafter multiples of Re. 1 thereafter.
For all Plans & Options Rs 5000 & in multiples of Rs 1 thereafter
SIP STP SWP
$ 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.
42 42
Reliance Income Fund An open ended income scheme
Reliance Short Term Fund
# Reliance Gilt Securities Fund
Reliance Dynamic Bond Fund
An open ended government securities scheme
January 1, 1998
December 23, 2002
July 10, 2003
November 16, 2004
The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to The primary investment objective of the scheme is to generate optimal returns consistent with moderate generate optimal credit risk-free returns by investing generate optimal returns consistent with moderate generate stable returns for investors with a short level of risk. This income may be complemented by term investment horizon by investing in fixed income in a portfolio of securities issued and guaranteed by levels of risk. This income may be complemented by capital appreciation of the portfolio.Accordingly, the Central Government and State Government capital appreciation of the portfolio. Accordingly, securitites of a short term maturity investments shall predominantly be made in Debt & investments shall predominantly be made in Debt & Money Market Instruments money market Instruments
Debt Instruments 50% - 100%, Money Market Instruments 0% - 50%
Debt & Money market instruments with average Gilts 70% - 100%, Money Market Instruments 0% maturity upto 1 year:- 60% - 100%; Debt - 30% instruments with average maturity greater than a year and normally upto 7 years depending upon availability:- 0% - 40%
Debt instruments -0% - 100%. *Investment in securitised debts upto 40% may be undertaken.
Nil
Nil
For Retail Plan and Institutional Plan: Nil
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.
Nil
Retail Plan & Institutional Plan: 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
Under Retail Plan: Growth Plan (Growth Option, Bonus Option) & Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option)
Growth Option , Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option) & Provident Fund (PF) Option (ACAPO,DMDO,AARO).##
Monthly, Quarterly, Half Yearly, Annual for both options 19th 19th of last month of each calendar quarter 19th of last month of each calander half year 19th March Prashant Pimple Crisil Composite Bond Fund Index 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.
Monthly & Quarterly for both options 25th 19th of last month of each calendar quarter Prashant Pimple Crisil Liquid Fund Index
Monthly 25th Prashant Pimple I Sec - Li Bex
Prashant Pimple Crisil Composite Bond Fund Index
Rs. 5,000 and in multiples of Re 1 thereafter
Retail: Rs. 10,000 Institutional Plan: Rs. 1 crore
(Retail Plan) (Retail Plan) (Retail Plan & Institutional Plan)
#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. ## ACAPO - Automatic Capital Appreciation Payout Option, DMDO - Defined Maturity Date Option, AARO - Automatic Annual Reinvestment Option.
If the dividend declaration date for any of the specied frequencies is a non business day then the immediate next business day becomes the record date.
43
43
SnapShot
debt
Features/ Scheme Type Inception Date Investment objective Reliance Liquid Fund-Cash Plan@ An open ended liquid scheme December 7, 2001 The investment objective of the 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 Reliance Liquid Fund-Treasury Plan An open ended liquid scheme March 23, 1998 The primary investment objective of the 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 Reliance Liquidity Fund An open ended liquid scheme June 16, 2005 The investment objective of the 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. 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 oating rate securitised debt, Money Market Instruments and Fixed Rate Debt Instruments swapped for oating rate returns) The scheme shall also invest in Fixed Rate Debt Securities (including xed rate securitised debt, Money Market Instruments and Floating Rate Debt Instruments swapped for xed returns). Fixed Rate Debt Securities (including securitized debt, Money Market Instruments & Floating Rate Debt Instruments swapped for xed rate returns):- 0% - 75%. Money market instruments and Floating Rate Debt Securities (including oating 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%
Asset Allocation
Money Market Instruments - 80% 100%, Debt Instruments - 0%-20% (Corporate Debt, Financial Institutions & Banking Sector Bonds, Public Sector Bonds, Government Guaranteed Bonds & related 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%
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 Gsecs65% -100%
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 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
Exit Load
Nil
Nil
Nil
0.25%, if the units are redeemed within 1 months from the date of allotment (w.e.f. June 3, 2010). Nil thereafter Growth Plan (Growth Option) & Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option) Under Payout Option (Weekly, Monthly, Quarterly), Under Reinvestment Option (Daily, weekly, Monthly, Quarterly) Every Tuesday 19th 19th Amit Tripathi Crisil Liquid Fund Index
Growth Option (Growth Option) & Dividend Option (Dividend Reinvestment & Dividend Payout Option) Daily (Dividend Reinvestment),Weekly (Dividend Reinvestment), Under Monthly & Quarterly options (both dividend reinvestment & dividend payout) Every Friday 25th 19th Amit Tripathi Crisil Liquid Fund Index
Under Retail Plan & Institutional Plan: Growth Option & Dividend Option (Dividend Payout Option & Dividend Reinvestment Option) Daily (Dividend Reinvestment),Weekly (Dividend Reinvestment), Under Monthly & Quarterly options (both dividend reinvestment & dividend payout) Every Friday 25th 19th Prashant Pimple Crisil Liquid Fund Index
Growth Option, Bonus Option & Dividend Option (Dividend Payout Option & Dividend Reinvestment Option) Daily(Dividend Reinvestment), Weekly (Dividend Reinvestment), Under Monthly & Quarterly options (both dividend reinvestment & dividend payout) Every Friday 25th 19th Amit Tripathi & Anju Chhajer Crisil Liquid Fund Index
Dividend Frequencies
Dividend Periodicity$ Weekly Monthly Quarterly Half yearly Annual Fund Manager Benchmark
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
Rs 5 Crore and in multiples of Re 1 thereafter
SIP STP SWP
(Retail Plan)
(Retail Plan)
$ If the dividend declaration date for any of the specied 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 has be changed w.e.f. Nov 9, 2010. Please refer addendum No 45 dated Sep 30, 2010 available on Downloads section of our website www.reliancemutual.com
44 44
SnapShot
ETF
Reliance Gold Exchange Traded Fund An open ended gold exchange traded fund November 22, 2007 Reliance Banking Exchange Traded Fund An open ended, exchange listed, index linked scheme (tracking CNX Bank Index). June 24, 2008 Reliance Gold Savings Fund An open ended Fund of Fund Scheme March 14, 2011
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.
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.
The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by Reliance Gold Exchange Traded Fund (RGETF)
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)
Securities covered by the CNX Bank Index- 90-100%; Money Market instruments including CBLO- 0-10%
Units of RGETF- 95%- 100%, Reverse repo and /or CBLO and/or short-term xed deposits and/or Schemes which invest predominantly in the money market securities or Liquid Schemes* - 0% - 5%, *The Fund Manager may invest in Liquid Schemes of Reliance Mutual Fund. However, the Fund Manager may invest in any other scheme of a mutual fund registered with SEBI, which invest predominantly in the money market securities.
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
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 2%- 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, Growth Plan (Growth Option) & Dividend Plan (Dividend Payout & Reinvestment Option)
Nil
Nil
Dividend Pay out option
NA
NA
Dividend Payout Option
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 and Reliance Gold Savings Fund through RCAM, 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.
NA NA NA NA NA NA 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 Hiren Chandaria The Schemes performance will be benchmarked against the price of physical gold.
Rs. 5000 & in multiples of Re.1 thereafter
Yes Yes Yes
^ Presently, investment only in physical gold is allowed as per SEBI guidelines. Investment in gold related instruments maybe undertaken as and when permitted by SEBI.
45
45
Features/ Scheme Type Inception Date Investment Objective
Reliance Small Cap Fund An open ended equity growth scheme 21-Sep-10 The primary investment objective of the scheme is to 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 money market securities. Equity & Equity Related Securities of Small Cap Companies including Derivatives# 65%-100% & Equity & Equity Related Securities of companies other than Small Cap Companies including Derivatives# 0%-35% Debt &MoneyMarket Securities**(including investments in securitised debt) 0% 35%. **Securitised debt may go upto 30% of the corpus. # The Scheme proposes to invest at least 65% of the corpus in Equity & equity related instruments of small cap companies which may go upto 100% of the corpus. The investment in Equity & equity related instruments of any other companies other than small cap companies will be in the range of 0-35% of the corpus
Reliance Index Fund Sensex Plan An Open Ended Index Linked Scheme 1-Oct-10 The primary investment objective of the scheme is to 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. Equities and equity related securities covered by the Sensex:-95% - 100% & Cash/CBLO/Repo & Reverse Repo & Money Market instruments (CPs,CDs, Tbills, Mibor linked instruments with daily Put/Call options & overnight Interest rate Reset Linked Instruments),but excluding Subscription and Redemption Cash Flow
Reliance Index Fund - Nifty Plan An Open Ended Index Linked Scheme 1-Oct-10 The primary investment objective of the scheme is to 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.
Reliance Arbitrage Advantage Fund An Open Ended Arbitrage Scheme 20-Oct-10 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.
Asset Allocation
Equity & Equity Related Securities covered by Nifty -95%-100% & Cash/ CBLO/ Repo & Reverse Repo & Money Market instruments (CPs,CDs, Tbills, Mibor linked instruments with daily Put/Call options & overnight Interest rate Reset Linked Instruments) but excluding Subscription and Redemption Cash Flow #: 0% - 5%. #Subscription Cash Flow is the subscription money in transit before deployment and Redemption Cash Flow is the money kept aside for meeting redemptions
Under normal circumstances, the anticipated asset allocation would be:Equities and equity related instruments, Derivatives including index futures, stock futures, index options, & stock options, etc. # 65%-90%. Debt and Money market instruments** (including investments in securitized debt) 10% 35%. When adequate arbitrage opportunities are not available in the Derivative and Equity markets, the anticipated alternate asset allocation on defensive considerations would be in accordance with the allocation given below. However, in case no arbitrage opportunity is available, then 100% of the remaining investible corpus (to the extent not deployed in arbitrage opportunities in the asset allocation pattern mentioned above) will be deployed in short term debt and money market instruments with tenure not exceeding 91 days ** (including investments in securitized debt). In this scenario also, the allocation in Equities and equity related instruments, Derivatives including index futures, stock futures, index options, and stock options, etc will continue to be made in arbitrage opportunities only. Equities and equity related instruments, Derivatives including index futures, stock futures, index options, & stock options, etc. (Only arbitrage opportunities)# 0%-65%. Debt and Money market instruments** (including investments in securitized debt) 10%-35%. Short term Debt and Money market instruments not exceeding tenure of 91 days** (including investments in securitized debt)0%-100%. # the exposure to derivatives shown in the above asset allocation tables is exposure taken against the underlying equity investments and should not be considered for calculating the total asset allocation and/or investment restrictions on the issuer. The idea is not to take additional asset allocation with the use of derivative. The margin money deployed on these positions would be included in Money Market category.** including securitized debt up to 30%
Diversied Equity Funds 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 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 2%- If redeemed or switched out on or before completion of 12 months from the date of allotment of units after 12 months but on or before completion of 24 months from the date of allotment of units after the completion of 24 months from the date of allotment of units 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 Growth Plan (Growth Option & Bonus Option), Dividend Plan (Payout Option & Reinvestment Option), Quarterly Dividend Option, Half Yearly Dividend Option, Annual Dividend Option Krishan Daga BSE SENSEX INDEX 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 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.
Exit Load
Growth Plan (Growth Option & Bonus Option) & Dividend Plan (Dividend Payout Option & Dividend Reinvestment Option)
Growth Plan (Growth Option & Bonus Option), Dividend Plan (Payout Option & Reinvestment Option), Quarterly Dividend Option, Half Yearly Dividend Option, Annual Dividend Option
Fund Manager Benchmark Minimum Application Amount
Sunil Singhania BSE Small Cap Index
Krishan Daga S&P CNX NIFTY INDEX
Krishan Daga Crisil Liquid Fund Index
Rs 5000 and in multiples of Re. 1 thereafter
46 46
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, afliates 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 nancial 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, the irrespective directors, employees, afliates or representatives shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost prots arising in any way from the information contained In this material. The Sponsor, The Investment Manager, The Trustee, any of the irrespective directors, employees including the fund managers, afliates, representatives including persons involved in the preparation or issuance of this material may from time to time, have long or short position sin, and buy or sell the securities there of, of company (ies)/ specic economic sectors mentioned herein. NAV of the plan/option of certain schemes are not provided for certain cases as the NAV was not computed because there were no investors as on the date on which the NAV details are provided.
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 Ofce 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 Diversied 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, Reliance Index Fund - Sensex Plan and Reliance Gold Savings Fund 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, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. For details of scheme features and for Scheme specic 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.
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fun e ge

Equity : Diversified Large Cap

Reliance Vision Fund

PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %

Warrants,Derivatives,Cash and Other Receivables 7.03

SECTOR ALLOCATION AS ON MAY 31, 2011

SPECIAL FEATURE Reliance Any Time Money Card

Industry Classication as per AMFI.

Fundamentals June 2011

Equity : Diversified Large Cap

Reliance Equity Advantage Fund

PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %

Warrants, Cash and Other Receivables 3.37

SECTOR ALLOCATION AS ON MAY 31, 2011

Fundamentals June 2011

Equity: Diversified Large Cap

Rs. 13.3780 13.3776 10.9263

Reliance Quant Plus Fund

PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %

Warrants,Cash and Other Receivables 5.75

SECTOR ALLOCATION AS ON MAY 31, 2011

R Squared: Sharpe Ratio : Portfolio Turnover Ratio:

Industry Classication as per AMFI.

Fundamentals June 2011

Equity: Diversified Large Cap

Reliance NRI Equity Fund

0.9346 4.1734 0.9157 0.0379 0.53

PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %

Cash and Other Receivables 4.16

SECTOR ALLOCATION AS ON MAY 31, 2011 as on May 31, 2011

Industry Classication as per AMFI.

Fundamentals June 2011

Equity: Diversified Large Cap

2.07 2.04 13.07 94.13 5.87 100.00

Reliance Equity Fund

0.7759 3.4504 0.9233 -0.0268 1.67

SECTOR ALLOCATION AS ON MAY 31, 2011

SPECIAL FEATURE Reliance Any Time Money Card

Reliance Index Fund - Nifty Plan

Fundamentals June 2011

Reliance Index Fund - Nifty Plan

Industry Classication as per AMFI.

Rs. 9.0419 9.0419 9.0419 9.0419 9.0419

Reliance Index Fund - Sensex Plan

SECTOR ALLOCATION AS ON MAY 31, 2011

Fundamentals June 2011

Equity: Diversified Mid Cap & Small Cap

Reliance Growth Fund

PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %

Cash and Other Receivables 3.72

SECTOR ALLOCATION AS ON MAY 31, 2011

SPECIAL FEATURE Reliance Any Time Money Card

Industry Classication as per AMFI.

Fundamentals June 2011

Equity: Diversified Mid Cap & Small Cap

Reliance Long Term Equity Fund

PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %

SECTOR ALLOCATION AS ON MAY 31, 2011

Fundamentals June 2011

Equity: Diversified Mid Cap & Small Cap

Reliance Small Cap Fund

Rs. 9.8506 9.8506 9.8506

PORTFOLIO COMPOSITION AS ON MAY 31, 2011 figures in %