Reliance Vision Fund Plan is a long-term, open-ended growth scheme launched on the 8th of October, 1995. This mutual fund investment scheme seeks to achieve long-term growth of capital through investment in equity and equity related securities through a research based investment approach which pinpoints good fundamentals and good long-term prospects.Further, this mutual fund investment has been ranked number one in the ‘Large-Cap category’ by CRISIL, for the quarter ended December 2017, a rank which has remained unchanged from the previous quarter.If you’re looking to make a one-time investment in this fund, the minimum investment required is Rs. 5,000. Similarly, if you’re planning to opt for SIP Investment, the minimum SIP is pegged at Rs. 1,000 per month. The fund also has an expense ratio which is lower than the median of the category. It must be pointed out that this fund does not qualify for Section 80C ELSS benefits.
This fund is managed by experienced stock-picker, Ashwani Kumar who’s been at the helm since June 2003.Besides boasting of a competent and experienced manager that is supported by a strong and stable team, this fund has had a very impressive long-term track record of wealth creation. Currently, this fund ranks as one of the best investment options and has managed to attractseveral investors and justifiably so, given the superior returns and approvals that it has earned over the years.
Recognized as one of the top performing mutual funds, this mutual fund investment is one of the flagship schemes of Reliance Mutual Fund, regarded as one of the largest asset management companies in India. Additionally, being a diversified large & mid-cap fund, what it means for investors is that most of their money will be invested in large cap companies with a small portion invested in mid and small sized companies as well. The Large-cap stocks in the fund aim atproviding stability & liquidity to the portfolio while the mid-caps can help generating potentially superior returns. Essentially an open-ended scheme, its proven track record has ensured that it remains one of the best investment options today. This is further reinstated by the fact that Morningstar maintained its Bronze rating which goes to show that their analysts still think highly of this fund despite several new schemes flooding the market today.
Currently, the fund allocates a large chunk in stocks of large-cap companies while the rest oftheallocationis spread out instocks of mid-cap companies and small-cap companies. The higher allocation to large-cap companies makes sense as large-cap companies tend to be comparatively stable in relation to mid-cap and small-cap companies. Moreover, Mr. Kumar and his team look to invest in large-cap stocks as it tends to provide stability & liquidity to the portfolio while mid-caps can help in potentially generating superior returns. Mr. Kumar and his team also tends to take contrarian bets and seeks outorganizations displaying attributes such as strong management teams, robust business models, along with sustainable competitive advantages and a proven track record across market conditions. Backed by a steady fund management expertise &a disciplined growth-oriented strategy, we believe that this fund is capable of delivering a far superior showing.
We are of the belief that this fund’s displays a lot of strengths as it not only has an extremely competent manager on-board but also backed by a team which believes in investing in quality stocks with a long-term buy-and-hold approach. If you are looking for one of the top mutual funds in India, you can look towards investing in this fund either through the systematic investment plan (SIP) or lump sum mode with a long time horizon. Please do consult with our financial advisors to check if Reliance Vision Fund makes a good fit for your investment portfolio. Our financial advisorscan also be approached if you’re looking for customised investment plans.