Fund Name: Reliance money manager (G)
CRISIL Rank: NA
Category: Debt – Ultra short term
Expense Ratio: 0.54%
Risk Level: Below Average
Benchmark: Crisil liquid
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.
Reliance money manager (G) has made its inception in the year 2007. Since inception, it has produced annualized returns of 8.32%. It has managed to beat the benchmark index as well as category average consistently in the 1, 3 and 5 year returns.
Top 5 holdings of the fund include UCO bank, Bank of India, Bank of Baroda, ICICI bank and IDBI bank. The fund invests its assets into ultra short term securities with average tenure of 91 days. The two fund managers have done really well in managing this fund. Lesser expense ratio is an added advantage for this fund.