Nature: Open-ended Equity Growth Scheme

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
Inception Date: 08/10/1995
Corpus: 3864.47 ( 30/04/2008 )
Minimum Investment:
Retail Plan- Rs 5000 and in multiples of Re. 1 thereafter
IP Plan- Rs 5 cr and in multiples of Re. 1 thereafter
Fund Manager: Ashwani Kumar
Entry Load : Below 2 Crs Rs. 2 crs and above but below Rs 5 crs 5 Crs & Above
Retail Plan 2.25% 1.25% NIL
Institutional Plan- Nil
Exit Load:
Retail Plan
For Subscriptions of less than Rs 5 Crs per transaction
- 1% if redeemed/switched on or before completion of 1 year from the date of allotment.
- Nil if redeemed/switched after completion of 1 year from the date of allotment
For subscription of Rs 5 Crs and above per purchase transaction, no exit load shall be charged
Institutional Plan- Nil
Benchmark: BSE100
NAV(30/04/2008) Rs.
RELIANCE VISION FUND-Growth Plan 221.46
RELIANCE VISION FUND-Bonus Plan 37.12
RELIANCE VISION FUND-Dividend Plan 46.26
RELIANCE VISION FUND-Institutional Growth 219.53
RELIANCE VISION FUND-Institutional Bonus 219.53
RELIANCE VISION FUND-Institutional Dividend 212.85
Volatility Measures:
Beta: 0.955
Standard Deviation: 1.3359
R Squared: 0.8718
Sharpe Ratio : 0.0737
Portfolio Turnover Ratio : 1.95
Expense Ratio : Sector Allocation
RETAIL 1.83% BANKS 11.60%
INSTITUTIONAL 1.63% SOFTWARE 8.88%
AUTO 7.58%
Note: The above measures have been calculated by taking rolling PETROLEUM PRODUCTS 7.12%
return for a 3 year period from 30/04/2008 with 7.35% Risk Free returns (takan as 91days T-bill yield as on 30/04/2008) PHARMACEUTICALS 6.80%
CEMENT 5.01%
INDUSTRIAL CAPITAL GOODS 4.97%
TELECOM - SERVICES 4.56%
Holdings Weightage FERROUS METALS 4.32%
Equities- DIVERSIFIED 4.27%
DIVIS LABORATORIES LTD. 6.80 POWER 4.18%
RELIANCE INDUSTRIES LTD. 6.77 HOTELS 2.79%
STATE BANK OF INDIA 6.33 TRANSPORTATION 2.79%
INFOSYS TECHNOLOGIES LTD. 5.44 FINANCE 2.73%
ICICI BANK LTD. 5.27 NON - FERROUS METALS 2.51%
RELIANCE COMMUNICATIONS LTD 4.56 MEDIA & ENTERTAINMENT 2.09%
TATA STEEL LTD. 4.32 CONSTRUCTION 1.99%
LARSEN & TOUBRO LTD. 4.27 CONSUMER NON DURABLES 1.66%
GRASIM INDUSTRIES LTD. 4.10 INDUSTRIAL PRODUCTS 1.44%
MARUTI SUZUKI INDIA LTD. 3.89 AUTO ANCILLARIES 1.08%
RELIANCE ENERGY LTD. 3.75 Grand Total 88.36%
TATA MOTORS LTD. 3.69
ALSTOM PROJECTS INDIA LTD. 2.80
INDIAN HOTELS CO. LTD. 2.79
DECCAN AVIATION LTD. 2.79
HINDALCO INDUSTRIES LTD. 2.51
SIEMENS LTD. 2.17
TELEVISION EIGHTEEN INDIA LTD. 2.09
GAMMON INDIA LTD. 1.99
TATA CONSULTANCY SERVICES LTD. 1.93
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LTD. 1.84
TRIVENI ENGEERING AND INDUSTRIES LTD. 1.66
PATNI COMPUTERS SYSTEM LTD. 1.51
BHARAT FORGE LTD. 1.44
AUTOMOTIVE AXLES LTD. 1.08
Equity Less Than 1% of Corpus 2.58
Sub Total of Equities 88.36
Preference Shares,Warrants,Debt,Derivatives,Cash And Other Receivables 11.64
Grand Total 100.00
* Indicates Top 10 Holdings
Period 1 Year 3 Year 5 Year Since inception
SIP Start Date 5/1/2007 5/1/2005 5/1/2003 10/8/1995
Current NAV (As on 30/04/2008) 221.46 221.46 221.46 221.46
Total No. of units accumulated 52.11 229.20 644.99 6982.03
Total Amount Invested 12000 36000 60000 151000
Present Value 11539.69 50759.67 142838.58 1546240.66
Yield -7.36% 24.03% 35.89% 33.55%
Present Value if invested in Index 12892.27 55463.42 138655.93 637591.73
Yield From Index 14.77% 30.69% 34.60% 21.12%
Assumptions:
a) Every SIP has an entry Load: till October 2004- 2% and from November 2004 2.25% has been
considered
b)SIP of Rs 1000/- each has been taken into consideration including the first installement. SIP
happen on 10th of every month.Also note that we have assumed a/c opening and 1st SIP happen
in the same month.
Equities 88.36
Preference Shares,Warrants,Debt,Derivatives,Cash And Other Receivables 11.64
Reliance Vision Fund
Portfolio of Reliance Vision Fund
as on 30/04/2008
Asset Allocation as on 30/04/2008
SIP Return as on April 30, 2008
Sector Allocation
11.60%
8.88%
7.58%
7.12%
6.80%
5.01%
4.97%
4.56%
4.32%
4.27%
4.18%
2.79%
2.79%
2.73%
2.51%
2.09%
1.99%
1.66%
1.44%
1.08%
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%
BANKS
SOFTWARE
AUTO
PETROLEUM PRODUCTS
PHARMACEUTICALS
CEMENT
INDUSTRIAL CAPITAL GOODS
TELECOM - SERVICES
FERROUS METALS
DIVERSIFIED
POWER
HOTELS
TRANSPORTATION
FINANCE
NON - FERROUS METALS
MEDIA & ENTERTAINMENT
CONSTRUCTION
CONSUMER NON DURABLES
INDUSTRIAL PRODUCTS
AUTO ANCILLARIES
Reliance Vision Fund Vs BSE 100
0.00
200.00
400.00
600.00
800.00
1000.00
1200.00
1400.00
1600.00
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Reliance Vision - Growth BSE100
Dividend Plan
Date Rate (Re/ Unit) % (per unit) Cum Dividend NAV
3-Dec-03 4.50 45 46.04
5-Feb-04 10.00 100 43.96
4-Jun-04 3.00 30 29.36
17-Dec-04 2.50 25 37.40
28-Mar-05 5.00 50 38.02
19-Dec-05 3.00 30 48.02
28-Mar-06 7.50 75 54.43
9-Oct-06 2.00 20 50.40
26-Oct-07 3.00 30 67.06
19-Jan-07 8.00 80 55.80
26-Oct-07 3.00 30 67.06
14-Mar-08 7.00 70 51.89
Absolute Compound Annualized
6 months 1 Year 3 Years 5 Years Since Inception
Reliance Vision Fund - Retail Plan - Growth -17.25 20.43 36.97 51.53 27.95
BSE100 -10.99 30.71 40.46 44.24 14.71
Performance as on 30/04/2008