WHO SHOULD INVEST IN IT?
The scheme aims to generate consistent returns by investing in equity or equityrelated securities. It will invest at least 80% of its assets in equity and equityrelated securities.
Up to 20% of its assets will be invested in debt and money market instruments with an average maturity of 5 to10 years. The direct fallout of the aggressive churn strategy that the fund adopts is that the market cap keeps changing.
Reliance Regular Savings Equity has outperformed its category in four of the past five years.
MEET THE FUND MANAGER
Fund manager Omprakash Kuckian attempts to capitalise on valuation differentials between mid- and large-cap stocks. "I churn my portfolio in a choppy market because opportunity lies there," he says.
Data and analysis of the fund have been sourced from Value Research.