28 DCEB26 D 01

January 2011
why settle for just one?

get both
Tax Growth
saving potential
Toll free: 1800-300-11111

SMS ‘ELSS’ to 561617
www.reliancemutual.com
Charges upto Rs. 3/sms.
The tax benefits are as per the current Income Tax laws & rules and any other law for the time being in force. Investors are advised to consult their tax advisors
before investing in the scheme. 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 Limited. Trustee: Reliance Capital Trustee Company Limited. Investment Manager: Reliance Capital Asset Management
Limited (Registered Office 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. Reliance Tax Saver (ELSS) Fund (An Open ended Equity Linked Savings Scheme): 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. Load: Entry Load - Nil, Exit Load - Nil, however
units are subject to lock in period of three years Asset Allocation: Equity and equity related securities: 100 - 80%, Debt and Money Market Instruments:
20 - 0%. The NAV of the Scheme will be calculated and declared on every Working Day. The scheme provides sale / switch - in & repurchase /switch - out
facility (subject to lock in period of 3 years) on all Business Days at NAV based prices. 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 Tax Saver (ELSS)
Fund is only the name of the Scheme 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. Investment in Reliance Tax Saver (ELSS) Fund is
subject to lock in period of 3 years from the date of allotment of units. The NAV of the Scheme may be affected, interalia, by changes in the market
conditions, interest rates, trading volumes, settlement periods and transfer procedures. The Mutual Fund is not assuring that it will make periodical dividend
distributions, though it has every intention of doing so. All dividend distributions are subject to the availability of distributable surplus in the Scheme. For details
of scheme features apart from those mentioned above and for scheme specific risk factors, please refer to the Scheme Information Document and KIM cum
application form 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.
Front Cover
Equity
Diversified Large Cap
fun Reliance Vision Fund................................................................................................................................... 02
e ge Reliance Equity Advantage Fund................................................................................................................
Reliance Quant Plus Fund...........................................................................................................................
03
04
Reliance NRI Equity Fund........................................................................................................................... 05
Reliance Equity Fund................................................................................................................................... 06
Index
Reliance Index Fund - Sensex Plan........................................................................................................... 07
Reliance Index Fund - Nifty Plan.............................................................................................................. 07
Diversified Mid Cap & Small Cap
Reliance Growth Fund................................................................................................................................. 08
Reliance Long Term Equity Fund................................................................................................................ 09
Reliance Small Cap Fund ........................................................................................................................... 10
Diversified Multi Cap
Reliance Regular Savings Fund – Equity Option ...................................................................................... 11
Reliance Equity Opportunities Fund........................................................................................................... 12
Balanced
Reliance Regular Savings Fund – Balanced Option................................................................................... 13
Diversified Theme Based
Reliance Infrastructure Fund....................................................................................................................... 14
Reliance Natural Resources Fund............................................................................................................... 15
Sector
Reliance Banking Fund................................................................................................................................ 16
Reliance Diversified Power Sector Fund..................................................................................................... 17
Reliance Media & Entertainment Fund...................................................................................................... 18
Reliance Pharma Fund................................................................................................................................ 19
Tax Saver
Reliance Tax Saver (ELSS) Fund................................................................................................................. 19
Reliance Equity Linked Saving Funds - Series 1....................................................................................... 21
Arbitrage
Reliance Arbitrage Advantage Fund........................................................................................................... 22
Fixed Income
Liquid
Reliance Liquidity Fund............................................................................................................................... 23
Reliance Liquid Fund – Treasury Plan......................................................................................................... 24
Reliance Liquid Fund – Cash Plan............................................................................................................... 25
Ultra Short Term
Reliance Floating Rate Fund – Short Term Plan........................................................................................ 25
Reliance Money Manager Fund................................................................................................................. 26
Reliance Medium Term Fund...................................................................................................................... 28
Short Term
Reliance Short Term Fund........................................................................................................................... 29
Long Term
Reliance Regular Savings Fund – Debt Option.......................................................................................... 30
Reliance Income Fund................................................................................................................................. 31
Dynamic
Reliance Dynamic Bond Fund.................................................................................................................... 32
Gilt
Reliance Gilt Securities Fund...................................................................................................................... 33
MIP
Reliance Monthly Income Plan.................................................................................................................. 34
Exchange Traded Funds
ETF
Reliance Banking Exchange Traded Fund.................................................................................................. 36
Reliance Gold Exchange Traded Fund........................................................................................................ 36
1 Fundamentals Jan 2011
From the CEO's Desk.
Dear Investor,
Wish you and your loved ones a Very Happy and Prosperous New Year.
Thanks to your continued patronage & trust, we remain India’s largest Asset Management Company managing
assets of Rs. 1,02,066 Crs as of Dec’10*. During the last few years, we have not only garnered large assets,
built scale in terms of our distribution reach, but we have also consciously worked on strengthening all aspects
of our business with an objective of offering a superior investor experience for our customers.
Over the years, the Regulator has made a lot of effort in increasing investor awareness and initiating regulations
towards safeguarding your interest.
• Investments into mutual funds do not attract any entry-load. The charge that you earlier paid towards
entry-load can now be paid directly to your advisor for carrying out important functions such as
planning, executing and helping you meet all your critical financial objectives.
• Applications Supported by Blocked Amount (ASBA), under which you need not block your entire
investible amount until your New Fund Offers (NFO) allotment is completed, is now applicable to
mutual funds. Allotments in NFOs also have to be completed within five days, making investing in
mutual funds more convenient.
• Mutual funds, including SIPs, can now be dematerialized (DEMAT) and transacted through stock
exchange terminals across terminals, making MFs widely accessible.
• Know Your Customer (KYC) has been made mandatory for all investments with effect from Jan 1, 2011
to safeguard the interest of genuine investors.
With a wide array of diversified products, along with attractive features, the mutual fund Industry offers you
suitable solutions to meet your various important financial objectives. We are observing that investors are
increasingly using Systematic Investment Plans (SIPs) to meet their aim of long-term wealth creation. If you
are already not having SIPs or not using them in appropriate measure, we urge you to use this simple and
effective solution to be an active part of your financial planning. We are also observing a trend of investors
including larger portion of fixed-income products in their portfolios. Products such as Monthly Income Plan
(MIP) with an objective of generating regular income in order to make regular dividend payments along with
features such as high liquidity and favorable taxation are generating interest from investors. We strongly
recommend you to make a comprehensive financial plan and use the diverse categories of mutual funds offered
to meet your different goals. To serve you better, we have provided a goal-planning calculator in the ‘knowledge
quotient’ section of our website, www.reliancemutual.com.
Please do consult with your financial advisor and make your plans carefully before making investment decisions.
Wish you a happy investing experience for the year.
Best Wishes!
Sundeep Sikka, CEO.
*Largest by Average Assets under Management as on Dec 31, 2010. source: www.amfiindia.com

Equity : Diversified Large Cap Fund Data Volatility Measures
Beta: 0.8565
Type......................... Open-ended Equity Growth Scheme Standard Deviation: 4.0733
Date of allotment........................................... . 08/10/1995 R Squared: 0.9213
Reliance Inception Date............................................... . 08/10/1995
AAUM: .............................. Rs. 3470 Crores ( 31/12/2010)
Sharpe Ratio :
Portfolio Turnover Ratio:
-0.0074
1.07
Note: The above measures have been calculated by taking
Vision Fund
Minimum Investment ;............Retail Plan- Rs 5000 and in
rolling return for a 3 year period from 31/12/2007 with
multiples of Re. 1 thereafter 7.00% Risk Free returns (taken as 91days T-bill yield as on
....................................Institutional Plan- Rs 5 cr and in 31/12/2010)
investment objective multiples of Re. 1 thereafter
NAV AS ON December 31, 2010 Rs.
Fund Manager............................................... . Ashwani Kumar
The primary investment objective of the scheme is to Reliance Vision Fund-Growth Plan 290.3518
achieve long-term growth of capital by investment in Entry Load*.................................................... Retail Plan ; Nil
............................................................Institutional Plan : Nil Reliance Vision Fund-Bonus Plan 48.7692
equity and equity related securities through a research
based investment approach. Exit Load......................... ...... (w.e.f. from 24th Aug 2009) Reliance Vision Fund-Dividend Plan 47.3615
Retail Plan & Institutional Plan Reliance Vision Fund-Institutional Growth 290.4732
• 1% if redeemed or switched out on or before completion Reliance Vision Fund-Institutional Dividend 266.7641
of 1 year from the date of allotment of units
• Nil if redeemed or switched out after completion of 1 dividend History
year from the date of allotment of units
Rate Cum *Ex-
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Date (Re/ Dividend Dividend
168230/09 dated June 30, 2009, no entry load will be
charged by the Scheme to the investor effective August 1, Unit) NAV NAV
2009. Upfront commission shall be paid directly by the 2/24/2003 3.00 27.65 24.51
investor to the AMFI registered Distributors based on the 6/25/2003 2.50 30.51 28.01
investors’ assessment of various factors including the service
rendered by the distributor. 9/23/2003 2.50 37.52 35.02
Portfolio composition As On 12/3/2003 4.50 46.04 42.02
Benchmark . . . . . . . . . . . . . . . . . . . . . . . . . BSE 100
December 31, 2010 2/5/2004 10.00 43.96 33.96
Portfolio of Reliance Vision Fund 6/4/2004 3.00 29.36 26.19
as on December 31, 2010 12/17/2004 2.50 37.40 35.61
figures in % Holdings Weightage (%) 3/28/2005 5.00 38.02 32.36
Equities 93.22 12/19/2005 3.00 48.02 44.85
State Bank Of India 8.06 3/28/2006 7.50 54.43 47.39
Infosys Technologies Ltd. 5.19 10/9/2006 2.00 50.40 48.40
Reliance Industries Ltd. 5.11 1/19/2007 8.00 55.80 47.79
Maruti Suzuki India Ltd. 4.81 10/26/2007 3.00 67.06 65.93
Larsen & Toubro Ltd. 4.48 3/14/2008 7.00 51.89 41.52
Divis Laboratories Ltd. 4.37 3/20/2009 2.00 26.38 25.27
Oil & Natural Gas Corporation Ltd. 4.36 11/27/2009 5.00 45.59 41.40
Siemens Ltd. 4.33 3/30/2010 2.50 43.5704 41.1180
Bharat Petroleum Corporation Ltd. 4.24
Past performance may or may not be sustained in the future;
Glaxosmithkline Pharmaceuticals Ltd. 4.15
Dividend distribution is subject to availability & adequacy of
Bharat Forge Ltd. 3.99
distributable surplus. The Mutual Fund is not assuring that it will make
Aventis Pharma Ltd. 3.52 periodical dividend distributions, though it has every intention of doing
Tata Steel Ltd. 3.49 so. After the payment of dividend, the per unit NAV falls to the extent
ICICI Bank Ltd. 3.28 of the dividend payout and distribution taxes, if any. Performance of
Cadila Healthcare Ltd. 2.81 dividend plan/option would be net of applicable statutory levy , if any.
Tata Consultancy Services Ltd. 2.81 * NAV on the 1st transaction day after Record Date, which includes
Hindustan Petroleum Corporation Ltd. 2.72 the mark to market impact also.
Coal India Ltd 2.28 performance of RELIANCE VISION FUND
United Spirits Ltd. 2.21 vs BSE 100 index as on December 31, 2010
Reliance Infrastructure Limited 2.09 Period Returns of Returns of
Automotive Axles Ltd. 1.78 Scheme (%) Benchmark (%)
Hero Honda Motors Ltd. 1.50 6 months 9.38 13.05
Indian Oil Corporation Ltd. 1.34 1 Year 15.26 15.66
Indiabulls Financial Services Ltd 1.32 3 Years 0.31 -1.45
Ranbaxy Laboratories Ltd. 1.26 5 Years 18.17 16.58
Financial Technologies India Ltd 1.21 Since Inception 24.73 13.08
Ashok Leyland Ltd. 1.16
Past performance may or may not be sustained in
Reliance Communications Ltd 1.06 future. Returns are of Retail Plan - Growth Plan. Returns
Sector Allocation as on December 31, 2010 Mahindra Forgings Limited 1.05 less than one year are absolute returns and returns of
Jaiprakash Associates Ltd. 1.04 one year and more are compounded annualized returns.
Calculations assume all payouts during the period have
MISCELLANEOUS 0.01% Equity Less Than 1% Of Corpus 2.16 been reinvested in the units of the scheme at the
IDR,Warrants,Derivatives,Cash And prevailing NAV.
ENGINEERING SERVICES 0.22%
6.78
RETAILING 0.87%
Other Receivables Special Feature
Grand Total 100.00 Reliance Any Time Money Card
CEMENT 1.04%
TELECOM - SERVICES 1.06% SIP Return

FINANCE 1.32%
as on December 31, 2010
AUTO ANCILLARIES 1.78% Period 1 Year 3 Year 5 Year Since inception
CONSUMER NON DURABLES 2.21% SIP Start Date 1/1/2010 1/1/2008 1/1/2006 10/8/1995
MINERALS/MINING 2.28% Current NAV (As on 31/12/2010) 290.35 290.35 290.35 290.35
POWER 3.01% Total No. of units accumulated 45.00 178.30 317.27 7283.50
FERROUS METALS 3.49%
Total Amount Invested in Rs. 12000.00 36000.00 60000.00 183000.00
Market Value if invested in Scheme in Rs. 13066.80 51770.23 92120.58 2114776.37
OIL 4.36%
Market Value if invested in Benchmark in Rs. 13289.05 50593.02 89346.01 785736.71
INDUSTRIAL CAPITAL GOODS 4.47%
Return on SIP in Scheme 17.69% 25.48% 17.33% 28.29%
CONSTRUCTION PROJECT 4.48%
Return on SIP in Benchmark (BSE 100) 21.49% 23.77% 16.07% 17.32%
INDUSTRIAL PRODUCTS 5.04% Past performance may or may not be sustained in future.
AUTO
Assumptions:
7.47%
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular
SOFTWARE 9.21% 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.
BANKS 11.34% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first
PETROLEUM PRODUCTS 13.41%
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
PHARMACEUTICALS 16.13% 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
Industry Classification as per AMFI. investments. SIP does not guarantee or assure any protection against losses in declining market conditions.

Equity : Diversified Large Cap Fund Data Volatility Measures
Type . . . . . . Open-ended Diversified Equity Scheme Beta 0.9058
Reliance
Date of allotment . . . . . . . . . . . . . . . . 08/08/2007 Standard Deviation 4.1737
Inception Date . . . . . . . . . . . . . . . . . . 09/08/2007
R Squared 0.9813
AAUM: ....................... Rs. 1225 Crores ( 31/12/2010)
Equity Advantage Minimum Investment . . Retail Plan- Rs 5000 and in
multiples of Re. 1 thereafter
Sharpe Ratio
Portfolio Turnover Ratio
0.0035
1.14
Fund IP Plan- Rs 5 cr and in multiples of Re. 1 thereafter

Fund Manager . . . . . Ashwani Kumar,Sailesh Raj Bhan
Note: The above measures have been calculated
by taking rolling return for a 3 year period from
31/12/2007 with 7.00% Risk Free returns (taken as
Entry Load* . . . . . . . . . . . . . . . . . . . Retail Plan ;Nil
91days T-bill yield as on 31/12/2010)
. . . . . . . . . . . . . . . . . . . . . . . .Institutional Plan ; Nil
investment objective Exit Load . . . . . . . . ......(w.e.f. from 24th Aug 2009)
The primary investment objective of the scheme is to NAV as on December 31, 2010 Rs
Retail Plan & Institutional Plan
seek to generate capital appreciation & provide Reliance Equity Advantage Fund-
•1% if redeemed or switched out on or before 13.9496
long-term growth opportunities by investing in a Growth Plan
completion of 1 year from the date of allotment of
portfolio predominately of equity & equity related units Reliance Equity Advantage Fund-
instruments with investments generally in S & P CNX 13.9495
• Nil if redeemed or switched out after completion of Bonus Plan
Nifty stocks and the secondary objective is to generate
1 year from the date of allotment of units Reliance Equity Advantage Fund-
consistent returns by investing in debt and money & 13.9493
Benchmark . . . . . . . . . . . . . . . . . . . . S&P CNX Nifty Dividend Plan
money market securities.
Reliance Equity Advantage Fund-
14.1942
Institutional Bonus Plan
Portfolio of Reliance EQUITY
ADVANTAGE Fund Reliance Equity Advantage Fund-
14.1942
Institutional Dividend Plan
Portfolio composition As On Holdings Weightage(%) performance of RELIANCE equity advantage
December 31, 2010 Equity 95.88 FUND vs s&p cnx nifty as on December 31,
Maruti Suzuki India Ltd. 7.19 2010
figures in %
HDFC Bank Ltd. 6.51 Returns of Returns of
Period
Scheme (%) Benchmark (%)
ICICI Bank Ltd. 6.30
6 months 13.22 15.47
Reliance Industries Ltd. 6.25
1 Years 19.36 17.95
HCL Technologies Ltd. 5.39
3 Years 1.72 -0.02
State Bank Of India 5.34
5 Years N.A. N.A.
Tata Consultancy Services Ltd. 4.67
Since Inception 11.08 10.25
Infosys Technologies Ltd. 4.35
Past performance may or may not be sustained in the
Housing Development Finance Cor Ltd 4.30
future.
Tata Steel Ltd. 4.02
Returns of retail plan- growth plan. returns less than
Siemens Ltd. 3.81
one year are absolute returns and returns of one year
Larsen & Toubro Ltd. 3.59 and more are compounded annualized returns.
Bharat Petroleum Corporation Ltd. 3.47 calculations assume that all payouts during the period
have been reinvested in the units of the scheme at the
Oil & Natural Gas Corporation Ltd. 3.26 then prevailing nav.
Hindustan Unilever Ltd. 3.21
special feature
Hindustan Petroleum Corporation Ltd. 2.87
Reliance Any Time Money Card
ITC Ltd 2.36
Sterlite Industries Ltd. 1.89
Bharti Airtel Ltd. 1.79
Kirloskar Oil Engines Ltd 1.75
Reliance Infrastructure Limited 1.62
Pidilite Industries Ltd. 1.50
Sector Allocation AS ON December 31, 2010 Hero Honda Motors Ltd. 1.26
Cipla Ltd. 1.25
MEDIA & ENTERTAINMENT 0.07%
MINERALS/MINING 0.39%
Sun Pharmaceutical Industries Ltd. 1.17
INDUSTRIAL PRODUCTS 1.26% Bharat Forge Ltd. 1.12
CHEMICALS 1.50% Kpit Cummins Infosystem Ltd. 1.03
MISCELLANEOUS 1.75% Equity Less Than 1% Of Corpus 4.64
NON - FERROUS METALS 1.89% Warrants,Cash And Other Receivables 4.12
CONSUMER NON DURABLES 2.36% Grand Total 100.00
TELECOM - SERVICES 2.49%
POWER 2.60%
DIVERSIFIED 3.21%
OIL 3.26%
PHARMACEUTICALS 3.32%
FINANCE 4.30%
AUTO 8.45%
SOFTWARE 15.44%
BANKS 18.82%
Industry Classification as per AMFI.

Fund Data NAV as on December 31, 2010 Rs
Equity: Diversified Large Cap
Type.....................................Open-ended Equity Scheme RELIANCE QUANT PLUS FUND 14.7481
Date of allotment..................................... 1 8/04/2008 - Growth Plan
Reliance Inception Date ......................................... 18/04/2008

AAUM: ............................. Rs. 42 Crores (31/12/2010)
RELIANCE QUANT PLUS FUND
- Bonus Plan
14.7481
Quant Plus Fund Minimum Investment : Retail Plan- Rs 5000 and in

RELIANCE QUANT PLUS FUND
- Dividend Plan
14.7481
Institutional Plan - Rs 5 cr and in multiples of Re. 1

thereafter
investment objective performance of RELIANCE QUANT PLUS FUND
Fund Manager .............................................. Krishan Daga
RETAIL PLAN - GROWTH vs s&p cnx nifty
The investment objective of the Scheme is to generate Entry Load*...............................................Retail Plan ; Nil from April 18, 2008 TO December 31, 2010
capital appreciation through investment in equity and ........................................................Institutional Plan ; Nil Period Returns of Returns of
equity related instruments. The Scheme will seek to Exit Load............................(w.e.f. from 24th Aug 2009) Scheme (%) Benchmark (%)
generate capital appreciation by investing in an active
Retail Plan & Institutional Plan 6 months 21.09 15.47
portfolio of stocks selected from S & P CNX Nifty on
the basis of a mathematical model. • 1% of the applicable NAV if redeemed or switched 1 Year 25.40 17.95
out on or before completion of 1 Year from the date of
3 Years N.A N.A
allotment of units
5 Years N.A N.A
• There shall be no exit load after completion of 1 Year
from the date of allotment of units Since Inception 15.45 8.18
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Inception date - April 18, 2008
168230/09 dated June 30, 2009, no entry load will
be charged by the Scheme to the investor effective Past performance may or may not be sustained in
August 1, 2009. Upfront commission shall be paid future.
directly by the investor to the AMFI registered Returns are of Retail Plan - Growth Plan. Returns less
Distributors based on the investors' assessment of than one year are absolute returns and returns of one
various factors including the service rendered by the year and more are compounded annualized returns.
Portfolio composition As On distributor Calculations assume all payouts during the period have
December 31, 2010
Benchmark ............................................... S&P CNX Nifty been reinvested in the units of the scheme at the
figures in % prevailing NAV. The Fundamental attribute of the
Portfolio of Reliance Quant Plus Fund Scheme was changed with effect from April 18, 2008.
as on December 31, 2010 Original inception date of the Scheme is February 8,
2005.
Holdings Weightage (%)
Equity 91.74
Larsen & Toubro Ltd. 7.36
ITC Ltd 6.69
HDFC Bank Ltd. 5.45
Tata Motors Ltd. 4.56
Oil & Natural Gas Corporation Ltd. 4.49
Other Equities 23.96
Warrants,Cash And Other
8.26
Receivables
Grand Total 100.00
Sector Allocation AS ON December 31, 2010

Volatility Measures
INDUSTRIAL CAPITAL GOODS 2.16% Beta 0.8808

Standard Deviation 3.9353
POWER 2.33%
R Squared 0.9755
NON - FERROUS METALS 2.60% Sharpe Ratio 0.0565
Portfolio Turnover Ratio 2.02
by taking rolling return since inception with 7.00%
PHARMACEUTICALS 3.48% Risk Free returns (takan as 91days T-bill yield as on
31/12/2010)
OIL 4.49%
CONSUMER NON DURABLES 6.69%
AUTO 7.27%
SOFTWARE 15.13%
BANKS 22.16%

Fund Data Volatility Measures
Equity: Diversified Large Cap
Beta: 0.9608
Type . . . . . . Open-ended Diversified Equity Scheme
Standard Deviation: 4.5857
Reliance
Date of allotment:...................................... 15/11/2004
Inception Date............................................16/11/200 R Squared: 0.9146
AAUM: ............................. Rs. 138 Crores (31/12/2010) Sharpe Ratio : 0.0103
NRI Equity Fund Minimum Investment . .................................... Rs 5,000
Fund Manager................................... Omprakash Kuckian
Portfolio Turnover Ratio: 0.47
investment objective Entry Load* .................................................................. Nil
by taking rolling return for a 3 year period from
Exit Load ...........................(w.e.f. from 24th Aug 2009)
The primary investment objective of the scheme is to 31/12/2007 with 7.00% Risk Free returns (taken as
•1% if redeemed or switched out on or before 91days T-bill yield as on 31/12/2010)
generate optimal returns by investing in equity and completion of 1 year from the date of allotment of
equity related instruments primarily drawn from the units
Companies in the BSE 200 Index NAV as on December 31, 2010 Rs
• Nil if redeemed or switched out after completion of
1 year from the date of allotment of units Reliance Nri Equity Fund-Growth Plan 42.3227
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Nri Equity Fund-Bonus Plan 42.3227
Reliance Nri Equity Fund-Dividend Plan 25.1816
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 dividend History
Portfolio composition As On Distributors based on the investors' assessment of Rate Cum *EX
December 31, 2010 various factors including the service rendered by the Date (Re/ Dividend Dividend
distributor Unit) NAV NAV
figures in % Benchmark . . . . . . . . . . . . . . . . . . . . BSE 200 Index 8/7/2006 1.00 19.6692 18.6693
Portfolio of Reliance NRI EQUITY Fund 1/29/2007 2.50 23.9940 21.3911
as on December 31, 2010 8/17/2007 2.00 22.4467 20.7827
Holdings Weightage % 3/14/2008 1.50 21.3340 18.5803
Equities 95.16 9/18/2009 4.00 23.5344 19.7095
State Bank Of India 6.28 Past performance may or may not be sustained in
the future; Dividend distribution is subject to availability
Cummins India Ltd. 5.86 & adequacy of distributable surplus. The Mutual Fund
Oil India Limited 5.26 is not assuring that it will make periodical dividend
Oracle Financial Serv Software Ltd 5.23 distributions, though it has every intention of doing so.
After the payment of dividend, the per unit NAV falls to
Corporation Bank 5.21
the extent of the dividend payout and distribution taxes,
ICICI Bank Ltd. 5.21 if any. Performance of dividend plan/option would be
Infosys Technologies Ltd. 5.13 net of applicable statutory levy , if any.
HCL Technologies Ltd. 5.10 * NAV on the 1st transaction day after Record Date,
Tata Motors Ltd. 4.87 which includes the mark to market impact also.
PERFORMANCE Of RELIANCE NRI EQUITY FUND
Patni Computers System Ltd. 4.44 VS BSE 200 INDEX as on December 31, 2010
Grasim Industries Ltd. 4.36 Period Returns of Returns of
Dr. Reddy's Laboratories Ltd. 4.34 Scheme (%) Benchmark (%)
Sterlite Industries Ltd. 4.17 6 months 11.82 12.71
Larsen & Toubro Ltd. 3.69 1 Year 20.76 16.22
Glenmark Pharmaceuticals Ltd 3.56 3 Years 3.24 -1.56
Hindustan Unilever Ltd. 3.50 5 Years 21.30 16.37
Pantaloon Retail (India) Ltd. 3.42 Since Inception 26.49 21.10
Sector Allocation AS ON December 31, 2010 Bharti Airtel Ltd. 3.34
Past performance may or may not be sustained in the
Mundra Port & Special Eco Zone Ltd 3.22 future. Returns are of growth plan. returns less than
Hindustan Petroleum Corporation Ltd. 2.92 one year are absolute returns and returns of one year
MISCELLANEOUS 0.04%
Motherson Sumi Systems Ltd. 1.29 and more are compounded annualized returns.
calculations assume all payouts during the period have
AUTO ANCILLARIES 1.29% Equity Less Than 1% Of Corpus 0.04 been reinvested in the units of the scheme at the
Cash And Other Receivables 4.84 prevailing nav.
TRANSPORTATION 3.22%
Grand Total 100.00
SIP Return
RETAILING 3.42%
DIVERSIFIED 3.50% Period 1 Year 3 Year 5 Year Since inception
Current NAV (As on 31/12/2010) 42.32 42.32 42.32 42.32
Total No. of units accumulated 317.01 1329.32 2382.25 3528.38
NON - FERROUS METALS 4.17% Total Amount Invested in Rs. 12000.00 36000.00 60000.00 74000.00
CEMENT 4.36% Market Value if invested in Scheme in Rs. 13416.54 56260.53 100823.39 149330.57
AUTO 4.87%
OIL 5.26% Return on SIP in Benchmark (BSE 200) 20.92% 24.71% 16.38% 17.77%
Past performance may or may not be sustained in future.
INDUSTRIAL PRODUCTS 5.86%
Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular
PETROLEUM PRODUCTS 7.65% monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of growth plan.
PHARMACEUTICALS 7.90% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the
first installment. It may please be noted that load has not been taken into consideration.
BANKS 16.71% 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
SOFTWARE 19.89% 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
Industry Classification as per AMFI. guarantee or assure any protection against losses in declining market conditions.
Equity: Diversified Large Cap Fund Data Hindustan Petroleum Corporation Ltd. 2.43
Type . .............. Open-ended Diversified Equity Scheme Pantaloon Retail (India) Ltd. 2.28
Reliance Date of allotment..................................... 28/03/2006

Inception Date ......................................... 30/03/2006
United Spirits Ltd.
Other Equities
2.27
4.19
Equity Fund AAUM: ..........................Rs. 1702 Crores (31/12/2010)
Minimum Investment . . Retail Plan- Rs 5000 and in
multiples of Re. 1 thereafter IP Plan- Rs 5 cr and in
Cash And Other Receivables 11.95
Grand Total 100.00
investment objective multiples of Re. 1 thereafter.............................................
Fund Manager.................................... Omprakash Kuckian
The primary investment objective of the scheme is to Volatility Measures
Entry Load* ...............................................Retail Plan: Nil
seek to generate capital appreciation and provide long ..........................................................Institutional Plan: Nil Beta 0.7714
term growth opportunities by investing in a portfolio Exit Load............................(w.e.f. from 24th Aug 2009) Standard Deviation 3.6673
constituted of equity and equity related securities of top Retail Plan & Institutional Plan
100 companies by market capitalization and of R Squared 0.9219
•1% if redeemed or switched out on or before
companies which are available in the derivatives completion of 1 year from the date of allotment of Sharpe Ratio -0.0406
segment from time to time and the secondary objective units Portfolio Turnover Ratio 1.85
is to generate consistent returns by investing in debt and • Nil if redeemed or switched out after completion of
money market securities. 1 year from the date of allotment of units Note: The above measures have been calculated by
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ taking rolling return for a 3 year period from
Portfolio composition AS ON December 31, 2010 168230/09 dated June 30, 2009, no entry load will 31/12/2007 with 7.00% Risk Free returns (taken as
figures in % be charged by the Scheme to the investor effective 91days T-bill yield as on 31/12/2010)
directly by the investor to the AMFI registered
Distributors based on the investors' assessment of NAV as on December 31, 2010 Rs
various factors including the service rendered by the Reliance Equity Fund-Growth Plan 15.2063
distributor
Reliance Equity Fund-Bonus Plan 15.2063
Benchmark . . . . . . . . . . . . . . . . . . . . S&P CNX Nifty
Reliance Equity Fund-Dividend Plan 15.2063
Portfolio of Reliance EQUITY Fund
PERFORMANCE Of RELIANCE EQUITY FUND
vs S&P CNX NIFTY as on December 31, 2010
Holdings Weightage %
Period Returns of Returns of
Equities 88.05 Scheme (%) Benchmark (%)
Reliance Industries Ltd. 7.38 6 months 1.40 15.47
State Bank Of India 6.97 1 Year 0.28 17.95
Sector Allocation AS ON December 31, 2010 Tata Consultancy Services Ltd. 6.50 3 Years -5.06 -0.02
ICICI Bank Ltd. 6.39 5 Years N.A N.A
MISCELLANEOUS 0.04%
CONSTRUCTION 1.12%
Oil & Natural Gas Corporation Ltd. 6.39 Since Inception 8.87 13.07
FERROUS METALS 1.13% Infosys Technologies Ltd. 5.34
CEMENT 1.64%
future. Returns are of Retail Plan - Growth Plan.
2.45% Reliance Infrastructure Limited 4.18 Returns less than one year are absolute returns and
CONSTRUCTION PROJECT
returns more than one year are compounded annualized
ENGINEERING 2.48%
Financial Technologies India Ltd 4.08 returns. Calculations assume all payouts during the
RETAILING 2.54%

Divis Laboratories Ltd. 4.01 period have been reinvested in the units of the scheme
INDUSTRIAL CAPITAL GOODS 3.60% Bharat Heavy Electricals Ltd. 3.60 at the prevailing NAV.
Maruti Suzuki India Ltd. 3.53 Special Feature

POWER 4.18%
OIL 6.39%
AUTO 6.42% Cipla Ltd. 3.44 Reliance Any Time Money Card

Mahindra & Mahindra Ltd. 2.90
BANKS 13.36%
Reliance Communications Ltd 2.70
SOFTWARE 20.45% Engineers India Ltd 2.48
Equity: Index Fund Data Portfolio of Reliance Index Fund - Nifty

Plan
Type . . . . . . . . . An Open Ended Index Linked Scheme
Reliance Date of allotment . . . . . . . . . . . . . . . . . 28/09/2010
Inception Date . . . . . . . . . . . . . . . . . . . 01/10/2010
Equities 99.60
Index Fund - Nifty Plan AAUM: .......................... Rs. 77 Crores (31/12/2010)
Minimum Investment . . . Rs 5000 and in multiples of
Reliance Industries Ltd.
Infosys Technologies Ltd.
9.79
9.06
investment objective Re. 1 thereafter ICICI Bank Ltd. 7.18
The primary investment objective of the scheme is to Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga Larsen & Toubro Ltd. 5.74
replicate the composition of the NIFTY, with a view to Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil Housing Development Finance Cor Ltd 5.14
generate returns that are commensurate with the Exit Load . . . . 1% of the applicable NAV if redeemed ITC Ltd 5.00
performance of the NIFTY, subject to tracking errors. or switched out on or before completion of 1 year HDFC Bank Ltd. 4.52
from the date of allotment of units. There shall be no State Bank Of India 3.96
Portfolio composition AS ON December 31, 2010 exit load after completion of 1 year from the date of Tata Consultancy Services Ltd. 3.23
allotment of units Bharti Airtel Ltd. 2.39
figures in % *In accordance with the requirements specified by the Oil & Natural Gas Corporation Ltd. 2.38
SEBI circular no. SEBI/IMD/CIR No.4/168230/09 Tata Steel Ltd. 2.30
dated June 30, 2009 no entry load will be charged for Tata Motors Ltd. 2.28
purchase / additional purchase / swITCh-in accepted Bharat Heavy Electricals Ltd. 2.00
by the Fund with effect from August 01, 2009. Axis Bank Limited 1.87
Similarly, no entry load will be charged with respect to Mahindra & Mahindra Ltd. 1.82
applications for registrations under systematic Hindustan Unilever Ltd. 1.79
investment plans/ systematic transfer plans accepted by Hindalco Industries Ltd. 1.75
the Fund with effect from August 01, 2009. Sterlite Industries Ltd. 1.62
Benchmark: - S&P CNX NIFTY Jindal Steel & Power Ltd. 1.51
NTPC Ltd. 1.40

Equity: Index Portfolio of Reliance Index Fund - Nifty performance of Reliance Index Fund -
Plan Nifty Plan - Retail Plan - Growth vs S&P
as on December 31, 2010 CNX NIFTY as on December 31, 2010
Reliance Wipro Ltd.
Gail (India) Ltd.
1.35
1.26
Period
Returns of
Scheme (%)
Returns of
Benchmark (%)
Index Fund - Nifty Plan Tata Power Co. Ltd.

Bajaj Auto Limited
1.21
1.17
Since Inception -0.23 -0.14
Dr. Reddy's Laboratories Ltd. 1.15 future. Returns of the Growth Plan. Returns less than
Sector Allocation AS ON December 31, 2010 Infrastructure Development Finance one year are absolute returns and returns of one year
1.14
Company Ltd. and more are compounded annualized returns.
CONSTRUCTION 0.58% Hero Honda Motors Ltd. 1.04 Calculations assume that all payouts during the period
MINERALS/MINING 0.68% Cipla Ltd. 1.03 have been reinvested in the units of the scheme at the
GAS 1.26%
DIVERSIFIED 1.79%
Maruti Suzuki India Ltd. 1.02 then prevailing NAV.
CEMENT 1.90% Sun Pharmaceutical Industries Ltd. 1.00
TELECOM - SERVICES 2.92% Equity Less Than 1% Of Corpus 11.50
OIL 3.16%
NON - FERROUS METALS 3.37% Grand Total 100.00
POWER 4.39% NAV as on December 31, 2010 Rs
Reliance Index Fund -
CONSUMER NON DURABLES 5.00% 9.9674
Nifty Plan - Growth Plan
Reliance Index Fund -
FINANCE 6.70%
9.9673
AUTO 7.33% Nifty Plan - Bonus Plan
PETROLEUM PRODUCTS 10.25% Reliance Index Fund - 9.9674
SOFTWARE 14.22% Nifty Plan - Quarterly Dividend Plan
BANKS 19.32% Reliance Index Fund - 9.9674
Nifty Plan - Half Yearly Dividend Plan
Industry Classification as per AMFI. Reliance Index Fund - 9.9674
Nifty Plan - Annual Dividend Plan
Equity: Index Fund Data Sterlite Industries Ltd. 1.90

Type . . . . . . . . . An Open Ended Index Linked Scheme Wipro Ltd. 1.82

Inception Date . . . . . . . . . . . . . . . . . . . 01/10/2010
Jindal Steel & Power Ltd.
Tata Power Co. Ltd.
1.81
1.42
Index Fund - Sensex AAUM: .......................... Rs. 1 Crore (31/12/2010)

Minimum Investment . . . Rs 5000 and in multiples of
Bajaj Auto Limited
Maruti Suzuki India Ltd.
1.33
1.25
Plan Re. 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga
Cipla Ltd.
Hero Honda Motors Ltd.
1.18
1.15
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil
investment objective Exit Load . . . . 1% of the applicable NAV if redeemed Equity Less Than 1% Of Corpus 2.88
or switched out on or before completion of 1 year Cash And Other Receivables 0.76
The primary investment objective of the scheme is to from the date of allotment of units. There shall be no
replicate the composition of the SENSEX, with a view exit load after completion of 1 year from the date of Grand Total 100.00
to generate returns that are commensurate with the allotment of units
performance of the SENSEX, subject to tracking errors. *In accordance with the requirements specified by the
SEBI circular no. SEBI/IMD/CIR No.4/168230/09 NAV AS ON December 31, 2010 RS
Portfolio composition AS ON December 31, 2010 dated June 30, 2009 no entry load will be charged for
purchase / additional purchase / swITCh-in accepted Reliance Index Fund - Sensex Plan-
9.9735
by the Fund with effect from August 01, 2009. Growth Plan
figures in %
Similarly, no entry load will be charged with respect to Reliance Index Fund - Sensex Plan-
applications for registrations under systematic 9.9736
Bonus Plan
investment plans/ systematic transfer plans accepted by
the Fund with effect from August 01, 2009. Reliance Index Fund - Sensex Plan-
9.9735
Quarterly Dividend Plan
Benchmark: - BSE SENSEX
Reliance Index Fund - Sensex Plan-
9.9735
Portfolio of Reliance Index Fund - sENSEX Half Yearly Dividend Plan
Plan Reliance Index Fund - Sensex Plan-
9.9735
as on December 31, 2010 Annual Dividend Plan
Equities 99.24 performance of Reliance Index Fund -
Reliance Industries Ltd. 11.58 Sensex Plan - Growth vs BSE sensex as on
Infosys Technologies Ltd. 10.29 December 31, 2010
ICICI Bank Ltd. 8.00 Returns of Returns of

Period
Since Inception -0.38 0.31
Sector Allocation AS ON December 31, 2010 Housing Development Finance Cor Ltd 5.83
ITC Ltd 5.71 future. Returns of the Growth Plan. Returns less than
HDFC Bank Ltd. 5.28 one year are absolute returns and returns of one year
State Bank Of India 4.88 and more are compounded annualized returns.
Calculations assume that all payouts during the period
Tata Consultancy Services Ltd. 4.18 have been reinvested in the units of the scheme at the
Oil & Natural Gas Corporation Ltd. 3.36 then prevailing NAV.
Bharat Heavy Electricals Ltd. 2.51
Hindustan Unilever Ltd. 2.06
NTPC Ltd. 2.02
Industry Classification as per AMFI. Hindalco Industries Ltd. 2.01

Equity: Diversified Mid Cap & Small Cap Fund Data Volatility Measures
Beta 0.8538
Type........................Open-ended Equity Growth Scheme
Reliance Date of allotment.......................................08/10/1995

Inception Date.............................................08/10/1995
Standard Deviation
R Squared
4.1757
0.8711
Growth Fund
AAUM: ......................... Rs. 8080 Crores(31/12/2010)
Sharpe Ratio 0.005
Minimum Investment: Retail Plan- Rs 5000 and in
multiples of Re. 1 thereafter IP Plan- Rs 5 cr and in Portfolio Turnover Ratio 0.53
multiples of Re. 1 thereafter............................................. Note: The above measures have been calculated by taking
investment objective Fund Manager...........................................Sunil Singhania rolling return for a 3 year period from 31/12/2007 with
7.00% Risk Free returns (taken as 91days T-bill yield as on
The primary investment objective of the scheme is to Entry Load*...............................................Retail Plan : Nil 31/12/2010)
achieve long term growth of capital by investing in ......................................................Institutional Plan - Nil
equity ang equity related securities through a research Exit Load............................(w.e.f. from 24th Aug 2009) NAV as on December 31, 2010 Rs
based investment approach. Retail Plan & Institutional Plan Reliance Growth Fund-Growth Plan 500.7821
• 1% if redeemed or switched out on or before Reliance Growth Fund-Bonus Plan 83.0647
completion of 1 year from the date of allotment of units Reliance Growth Fund-Dividend Plan 61.3868
• Nil if redeemed or switched out after completion of Reliance Growth Fund-Institutional Growth 504.7176
1 year from the date of allotment of units Reliance Growth Fund-Institutional Dividend 488.3178
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will dividend History
August 1, 2009. Upfront commission shall be paid Rate Cum *Ex-
Portfolio composition As On directly by the investor to the AMFI registered Date (Re/ Dividend Dividend
December 31, 2010 Distributors based on the investors' assessment of Unit) NAV NAV
various factors including the service rendered by the 3/21/2000 10.00 40.89 30.90
figures in % distributor
2/18/2003 2.00 22.61 20.67
Benchmark . . . . . . . . . . . . . . . . . . . . . . . . . BSE 100
7/18/2003 3.00 27.96 24.47
Portfolio of Reliance GROWTH Fund 10/9/2003 3.00 34.67 31.80
as on December 31, 2010 12/18/2003 6.00 41.1 35.28
Holdings Weightage % 3/12/2004 7.50 34.67 27.17
Equities 93.13
10/19/2004 3.00 33.61 30.37
Bank Of Baroda 3.98
Lupin Ltd. 3.92 12/24/2004 2.50 37.34 34.91
ICICI Bank Ltd. 3.64 3/29/2005 5.00 36.21 31.80
State Bank Of India 3.57 12/19/2005 3.00 50.83 47.63
E.I.D. Parry (India) Ltd. 3.52 3/29/2006 7.50 57.77 50.90
Reliance Industries Ltd. 3.12 10/30/2006 2.50 55.58 53.08
Jindal Saw Ltd. 3.01 3/12/2007 7.50 54.09 47.16
HCL Technologies Ltd. 2.45 8/17/2007 3.50 54.72 52.04
Jindal Steel & Power Ltd. 2.36 3/19/2008 6.50 54.53 47.42
Ranbaxy Laboratories Ltd. 2.17
3/20/2009 2.00 29.72 28.60
Gujarat State Fertilizers & Chemicals Ltd. 2.02 10/31/2009 5.00 53.40 46.98
Strides Arcolab Ltd. 2.01 3/30/2010 2.50 56.29 53.84
Divis Laboratories Ltd. 2.00 Past performance may or may not be sustained in future;
Greaves Cotton Ltd. 1.89 Dividend distribution is subject to availability & adequacy of
Sintex Industries Ltd. 1.68 distributable surplus. The Mutual Fund is not assuring that
Maruti Suzuki India Ltd. 1.66 it will make periodical dividend distributions, though it has
every intention of doing so. After the payment of dividend,
United Phosphorus Ltd. 1.63 the per unit NAV falls to the extent of the dividend payout
Edelweiss Capital Limited 1.59 and distribution taxes, if any. Performance of dividend plan/
Bharti Airtel Ltd. 1.57 option would be net of applicable statutory levy, if any.
Gujarat Mineral Development Corp Lt 1.56 * NAV on the 1st transaction day after Record Date, which
Radico Khaitan Ltd 1.49 includes the mark to market impact also.
Bombay Dyeing & Manufacturing Co. Ltd. 1.45 performance of RELIANCE GROWTH FUND
INFORMATION TECHNOLOGY 0.00% Crompton Greaves Ltd. 1.39 vs BSE 100 index as on December 31, 2010
CHEMICALS 0.11% Bajaj Holdings And Investment Ltd 1.35
TRANSPORTATION 0.18% Escorts Ltd. 1.31
TRADING 0.29% HT Media Limited 1.26
NTPC Ltd. 1.25 6 months 9.19 13.05
GAS 0.31%
AUTO ANCILLARIES 0.50% Hindalco Industries Ltd. 1.24 1 Year 17.18 15.66
MISCELLANEOUS 0.55% Beml Limited 1.23 3 Years 2.01 -1.45
TELECOM - EQUIPMENT & ACCESSORIES 0.59%
Federal Bank Ltd. 1.22 5 Years 21.48 16.58
United Spirits Ltd. 1.20 Since Inception 29.28 13.08
RETAILING 0.67%
PAPER 0.79%
Tata Chemicals Ltd. 1.15 Past performance may or may not be sustained in future.
TEXTILE PRODUCTS 0.80% Returns are of Retail Plan - Growth Plan. Returns less than
Indiabulls Financial Services Ltd 1.14 one year are absolute returns and returns of one year and
CONSTRUCTION PROJECT 0.93% Jaiprakash Associates Ltd. 1.14 more are compounded annualized returns. Calculations
NON - FERROUS METALS 1.24% Orient Paper & Industries Ltd. 1.14 assume all payouts during the period have been reinvested
MINERALS/MINING 1.57% Equity Less Than 1% Of Corpus 18.22 in the units of the scheme at the prevailing NAV.
CONSTRUCTION 1.95% Derivatives,Debt,Cash And Other Receivables 6.87 Special Feature
PESTICIDES 1.99% Grand Total 100.00
POWER 2.04%
TELECOM - SERVICES 2.14% SIP Return
TEXTILES - COTTON 2.21% as on December 31, 2010
MEDIA & ENTERTAINMENT 2.22% Period 1 Year 3 Year 5 Year Since inception
CEMENT 2.73% SIP Start Date 1/1/2010 1/1/2008 1/1/2006 10/8/1995
OIL 2.91% Current NAV (As on 31/12/2010) 500.78 500.78 500.78 500.78
PETROLEUM PRODUCTS 3.12% Total No. of units accumulated 25.7383 107.7937 201.6629 6216.4607
FERTILISERS 3.49%
INDUSTRIAL CAPITAL GOODS
3.74%
AUTO 3.94%
Return on SIP in Benchmark (BSE 100) 21.49% 23.77% 16.07% 17.32%
FINANCE 4.89% Past performance may or may not be sustained in future.
FERROUS METALS 6.10% Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting o1ut of uniform and regular monthly subscriptions
CONSUMER NON DURABLES 6.21% have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Retail Plan - Growth Plan.
SOFTWARE 7.86% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first installment. It may please
be noted that load has not been taken into consideration.
PHARMACEUTICALS 10.24% d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for
BANKS 12.41% 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
Industry Classification as per AMFI. conditions.

Equity: Diversified Mid Cap & Small Cap Fund Data Volatility Measures
Type . . . . An Open Ended Diversified Equity Scheme Beta 0.7375
Reliance
Inception Date . . . . . . . . . . . . . . . . . . 27/12/2006
R Squared 0.7519
AAUM: ......................... Rs.1700 Crores (31/12/2010)
Long Term Minimum Investment..................................Rs 5,000 and
in multiples of Re.1 thereafter..........................................
Sharpe Ratio
-0.0014
0.19
Equity Fund Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania

Assistant Fund Manager (w.e.f 1st Sep 2010):
.........................................................................Samir Rachh
Note: The above measures have been calculated by
taking rolling . . . . . return for a 3 year period from
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil 91days T-bill yield as on 31/12/2010)
investment objective
Exit Load : 1% if redeeemed/switched out on or before NAV as on December 31, 2010 Rs
The primary investment objective of the scheme is to
completion of 1 year from the date of alotment of units
seek to generate long term capital appreciation & Reliance Long Term Equity Fund 16.9814
Nil if redeemed/switched out after completion of 1 year
provide long-term growth opportunities by investing in from the date of allotment of units - Growth Plan
a portfolio constituted of equity & equity related
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Long Term Equity Fund 16.9814
securities and Derivatives and the secondary objective is 168230/09 dated June 30, 2009, no entry load will be - Dividend Plan
to generate consistent returns by investing in debt and charged by the Scheme to the investor effective August 1,
money market securities. 2009. Upfront commission shall be paid directly by the
investor to the AMFI registered Distributors based on the performance of RELIANCE LONG TERM EQUITY
investors' assessment of various factors including the FUND vs BSE 200 index as on
service rendered by the distributor December 31, 2010
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 200 Index
Portfolio of Reliance LONG TERM Scheme (%) Benchmark (%)
EQUITY Fund
6 months 12.09 12.71
1 year 25.98 16.22
Holdings Weightage(%)
Portfolio composition As On 3 year 0.81 -1.56
EQUITY 97.32
December 31, 2010 5 year N.A N.A
Rallis India Ltd. 6.01
figures in % Wabco Tvs India Ltd 5.83 Since Inception 13.67 11.19
Greaves Cotton Ltd. 4.11 Past performance may or may not be sustained in
Unichem Laboratories Limited 3.91 future. Returns are of Growth Plan. Returns less than
ABBott India Ltd 3.62 one year are absolute returns and returns more than one
year are compounded annualized returns. Calculations
Corporation Bank 3.49 assume all payouts during the period have been
Bank Of Baroda 3.24 reinvested in the units of the scheme at the prevailing
Tube Investments Of India Limited 3.14 NAV.
Oriental Hotels Limited 3.11
Lakshmi Machine Works Ltd. 2.90
Bombay Rayon Fashions Ltd. 2.76
Gujarat Narmada Valley Fertilisers Co. Ltd. 2.73
Era Infra Engineering Limited 2.63
JSL Stainless Ltd 2.40
CCL Products India Limited 2.37
Divis Laboratories Ltd. 2.28
India Cements Ltd. 2.02
Rain Commodities Limited 1.99
United Phosphorus Ltd. 1.97
Kirloskar Oil Engines Ltd 1.96
Nirma Ltd. 1.92
Sintex Industries Ltd. 1.91
Sundaram Finance Limited 1.90
Karnataka Bank Ltd 1.86
AUTO ANCILLARIES 0.36%
OIL 0.71% Anant Raj Ind Ltd. 1.84
CONSTRUCTION PROJECT 0.73% Astra Microwave Products Ltd 1.76
TRANSPORTATION 1.05% Essel Propack Ltd. 1.69
POWER 1.06% Time Technoplast Limited 1.67
MEDIA & ENTERTAINMENT 1.10% Gulf Oil Corporation Ltd. 1.59
CHEMICALS 1.10% Sarda Energy And Minerals Limited 1.47
PETROLEUM PRODUCTS 1.59% Mindtree Limited 1.38
TELECOM - EQUIPMENT & ACCESSORIES 1.76% Everest Industries Limited 1.29
FINANCE 1.90%
3I Infotech Limited 1.25
FERTILISERS 2.73%
Triveni Engeering & Industries Ltd. 1.13
TEXTILE PRODUCTS 3.09%
PSL Ltd. 1.11
CONSUMER DURABLES 3.14%
Finolex Industries Ltd. 1.10
SOFTWARE 3.42%
Hinduja Ventures Ltd. 1.10
HOTELS 3.50%
Reliance Infrastructure Limited 1.06
CEMENT 5.30%
Spicejet Limited 1.05
CONSTRUCTION 5.38% Equity Less Than 1% Of Corpus 6.77
FERROUS METALS 5.39% Cash And Other Receivables 2.68
CONSUMER NON DURABLES 5.42% Grand Total 100.00
PESTICIDES 7.98%
MISCELLANEOUS 8.41%
BANKS 8.59%

Equity: Diversified Mid Cap & Small Cap Fund Data NAV as on December 31, 2010 Rs
Type . . . . . . . . . . . . An Open Ended Equity Scheme Reliance Small Cap Fund 10.2449
Date of allotment . . . . . . . . . . . . . . . . 16/09/2010
Reliance
-Growth Plan
Inception Date . . . . . . . . . . . . . . . . . . 21/09/2010 Reliance Small Cap Fund 10.2449
AAUM: .........................Rs. 563 Crores (31/12/2010) -Bonus Plan
Small Cap Fund Minimum Investment........................................Rs 5,000
and in multiples of Re.1 thereafter...................................
Reliance Small Cap Fund
-Dividend Plan
10.2449
Maximum Subscription Limit......................Rs.5 Lakh per
investment objective investor (including all folios)
The primary investment objective of the scheme is to Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania performance of Reliance Small Cap Fund
generate long term capital appreciation by investing Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil vs BSE Small Cap index as on December 31,
predominantly in equity and equity related instruments Exit Load : 2%- If redeemed or switched out on or before 2010
of small cap companies and the secondary objective is completion of 12 months from the date of allotment of Period Returns of Returns of
to generate consistent returns by investing in debt and units Scheme (%) Benchmark (%)
money market securities. •1%- If redeemed or switched out after 12 months but
Since Inception 2.53 -4.97
on or before completion of 24 months from the date of
allotment of units Past performance may or may not be sustained in
• Nil - If redeemed or switched out after the completion future. Returns are of Growth Plan. Returns less than
of 24 months from the date of allotment of units one year are absolute returns and returns more than one
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ year are compounded annualized returns. Calculations
168230/09 dated June 30, 2009, no entry load will be assume all payouts during the period have been
charged by the Scheme to the investor effective August 1, reinvested in the units of the scheme at the prevailing
Portfolio composition As On 2009. Upfront commission shall be paid directly by the NAV.
December 31, 2010 investor to the AMFI registered Distributors based on the
investors' assessment of various factors including the
figures in % service rendered by the distributor
Benchmark . . . . . . . . . . . . . . . . . . . BSE SMALL CAP
Portfolio Of Reliance Small Cap Fund

Equities 56.82
Abg Shipyard Ltd. 4.17
Fag Bearings India Limited 2.53
Tata Elxsi Ltd. 2.51
Unichem Laboratories Limited 2.35
Strides Arcolab Ltd. 2.14
Take Solutions Ltd 2.02
Ashoka Buildcon Limited 1.95
Dhanalaxmi Bank Ltd 1.93
JBF Industries Limited 1.84
Indoco Remedies Limited 1.72
Prestige Estates Projects Ltd 1.63
Sector Allocation AS ON December 31, 2010 Atul Ltd 1.59
Career Point Infosystems Ltd 1.56
AUTOANCILLARIES 0.67% United Breweries Holdings Ltd. 1.44
PAPER 0.88% Indosolar Limited 1.44
Orient Paper & Industries Ltd. 1.43
Mercator Lines Limited 1.40
Tata Sponge Iron Ltd 1.38
CONSTRUCTION 1.63% ICRA Ltd 1.28
PESTICIDES 1.73% Nahar Spinning Mills Ltd. 1.24
MISCELLANEOUS 1.74% Solar Industries (I) Ltd 1.19
BANKS 1.93% Zee Learn Limited 1.15
CONSTRUCTION PROJECT 1.95% Greaves Cotton Ltd. 1.11
Century Enka Limited 1.10
FINANCE 2.01%
Usha Martin Ltd. 1.09
"Excel" Crop Care Ltd 1.09
CHEMICALS 3.00%
Equity Less Than 1% Of Corpus 10.30
TEXTILES - SYNTHETIC 3.08% Debt,Cash And Other Receivables 43.18
CEMENT 3.67% Grand Total 100.00
SOFTWARE 6.96%

Equity: Diversified Multi Cap Fund Data Zuari Industries Ltd 1.25
Type . . . . . . . . . . . . . . . . . . . . Open-ended scheme Oracle Financial Serv Software Ltd 1.23
Reliance Date of allotment . . . . . . . . . . . . . . . . 08/06/2005

Inception Date . . . . . . . . . . . . . . . . . . 09/06/2005
Jaiprakash Associates Ltd.
Db Corp Limited
Ptc India Limited
1.21
1.11
1.09
Regular Savings Fund
AAUM: ......................... Rs. 3392 Crores (31/12/2010)
Arshiya International Ltd. 1.02
Minimum Investment . . . Rs 500 & in multiples of Re 1 Nilkamal Limited 1.01
- Equity Option Fund Manager . . . . . . . . . . . . . . . Omprakash Kuckian
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Derivatives,Debt,Cash And Other
6.81
investment objective Exit Load . . . . . . . . . . ......(w.e.f 24th August 2009) Receivables
• 1% if redeemed or switched out on or before Grand Total 100.00
The primary investment objective of this option is to completion of 1 year from the date of allotment of units
seek capital appreciation and or to generate consistent Volatility Measures
returns by actively investing in equity / equity related 1 year from the date of allotment of units Beta 0.9121
securities. *In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Standard Deviation 4.454
168230/09 dated June 30, 2009, no entry load will R Squared 0.8738
be charged by the Scheme to the investor effective Sharpe Ratio 0.0182
directly by the investor to the AMFI registered Distrib Portfolio Turnover Ratio 0.82
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index by taking rolling return for a 3 year period from
Portfolio of Reliance REGULAR SAVINGS FUND – 31/12/2007 with 7.00% Risk Free returns (taken as
EQUITY OPTION
as on December 31, 2010 NAV as on December 31, 2010 Rs
Holdings Weightage % Reliance Regular Savings Fund Equity Plan 33.2418
Equities 93.19 - Growth Plan
Portfolio composition As On Reliance Regular Savings Fund Equity Plan 25.9098
December 31, 2010 -Dividend Plan
Tata Consultancy Services Ltd. 3.99 Dividend HISTORY
figures in %
Date Rate Cum *EX
Mphasis Limited 3.33 (Re/ Dividend Dividend
Hindalco Industries Ltd. 2.85 Unit) NAV NAV
24-Jul-09 5 22.6391 17.7355
Past performance may or may not be sustained in future;
Divis Laboratories Ltd. 2.56 Dividend distribution is subject to availability & adequacy of
Biocon Limited 2.39 distributable surplus. The Mutual Fund is not assuring that
it will make periodical dividend distributions, though it has
Oriental Bank Of Commerce 2.31 every intention of doing so. After the payment of dividend,
Motherson Sumi Systems Ltd. 2.28 the per unit NAV falls to the extent of the dividend payout
and distribution taxes, if any. Performance of dividend plan/
Bharti Airtel Ltd. 2.28 option would be net of applicable statutory levy , if any.
Larsen & Toubro Ltd. 2.26 * NAV on the 1st transaction day after Record Date, which
Hindustan Petroleum Corporation Ltd. 2.23 includes the mark to market impact also.
PERFORMANCE Of RELIANCE REGULAR SAVINGS
Gail (India) Ltd. 2.19
- EQUITY OPTION FUND vs BSE 100 INDEX as on
Pantaloon Retail (India) Ltd. 2.17 December 31, 2010
IRB Infrastructure Developers Ltd 2.12
Cipla Ltd. 2.11
Torrent Pharmaceuticals Limited 1.99
6 months 12.42 13.05
Spicejet Limited 1.96
1 Year 19.61 15.66
Exide Industries Ltd. 1.90
3 yrs 3.27 -1.45
Federal Bank Ltd. 1.70
5 Years 27.07 16.58
Sector Allocation AS ON December 31, 2010 Indiabulls Real Estate Limited 1.59
Gammon India Ltd. 1.53
Bombay Rayon Fashions Ltd. 1.42 Past performance may or may not be sustained in future.
INDUSTRIAL CAPITAL GOODS 0.68% Returns are of growth plan. returns less than one year are
Indian Bank 1.41 absolute returns and returns of one year and more are
Lupin Ltd. 1.38 compounded annualized returns. calculations assume all
payouts during the period have been reinvested in the units
MISCELLANEOUS 1.10% Phoenix Mills Limited 1.33 of the scheme at the prevailing nav.
1.21% Wipro Ltd. 1.33
special feature
CEMENT
Jindal Saw Ltd. 1.29

FERTILISERS 1.25%
SIP Return
Period 1 Year 3 Year 5 Year Since inception
1.86%
SIP Start Date 1/1/2010 1/1/2008 1/1/2006 6/9/2005
POWER
RETAILING 2.17% Current NAV (As on 31/12/2010) 33.24 33.24 33.24 33.24
GAS 2.19% Total No. of units accumulated 396.20 1679.93 3361.22 4058.61
PETROLEUM PRODUCTS 2.23% Total Amount Invested in Rs. 12000.00 36000.00 60000.00 67000.00
FERROUS METALS 2.81% Market Value if invested in Scheme in Rs. 13170.27 55843.91 111732.89 134915.46
NON - FERROUS METALS 2.85% Market Value if invested in Benchmark in Rs. 13289.05 50593.02 89346.01 107011.95
CONSTRUCTION 2.92% Return on SIP in Scheme 19.45% 31.19% 25.37% 25.35%
TELECOM - SERVICES 3.52% Return on SIP in Benchmark (BSE 100) 21.49% 23.77% 16.07% 16.84%
OIL 4.41%
Assumptions:
CONSTRUCTION PROJECT 4.77% a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out
of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as
XIRR. Returns are of growth plan.
AUTO 4.83%
TRANSPORTATION 4.85% b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then
prevailing NAV.
AUTO ANCILLARIES 5.03% c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration
PHARMACEUTICALS 11.47% including the first 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
SOFTWARE 12.59% 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
BANKS 15.22%
future results and may not necessarily provide a basis for comparison with other investments. SIP does not
Industry Classification as per AMFI. guarantee or assure any protection against losses in declining market conditions.

Equity: Diversified Multi Cap Fund Data Nava Bharat Ventures Limited 1.03
Type . . . . . . Open-ended Diversified Equity Scheme Equity Less Than 1% Of Corpus 10.09
Warrants, Preference Shares, Derivatives,
Date of allotment . . . . . . . . . . . . . . . . 28/03/2005 8.75
Cash And Other Receivables
Reliance
Inception Date . . . . . . . . . . . . . . . . . . 31/03/2005 Grand Total 100.00
AAUM: ......................... Rs. 2861 Crores (31/12/2010)
Minimum Investment . . Retail Plan- Rs 5000 and in Volatility Measures
Equity Opportunities multiples of Re. 1 thereafter ...........................Institutional

Plan- Rs 5 cr and in multiples of Re. 1 thereafter
Fund Manager . . . . . . . . . . . . . . . . . Sailesh Raj Bhan
Beta
Standard Deviation
0.8752
4.2684
Fund Assistant Fund Manager (w.e.f 1st Sep 2010):

......................................................................Viral Berawala
R Squared
Sharpe Ratio
0.8759
0.0251
Entry Load* . . Retail Plan ; Nil Institutional Plan ; Nil Portfolio Turnover Ratio 0.78
investment objective Exit Load . . . . . . . . ......(w.e.f. from 24th Aug 2009) Note: The above measures have been calculated by
Retail Plan & Institutional Plan taking rolling return for a 3 year period from
The primary investment objective of the scheme is to 31/12/2007 with 7.00% Risk Free returns (taken as
seek to generate capital appreciation & provide long- • 1% if redeemed or switched out on or before 91days T-bill yield as on 31/12/2010)
term growth opportunities by investing in a portfolio completion of 1 year from the date of allotment of
constituted of equity securities & equity related units NAV as on December 31, 2010 Rs
securities and the secondary objective is to generate • Nil if redeemed or switched out after completion of Reliance Equity Opportunities Fund- 38.3986
1 year from the date of allotment of units Growth Plan
consistent returns by investing in debt and money
market securities. *In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Equity Opportunities Fund- 38.3987
168230/09 dated June 30, 2009, no entry load will Bonus Plan
be charged by the Scheme to the investor effective Reliance Equity Opportunities Fund- 27.1240
August 1, 2009. Upfront commission shall be paid Dividend Plan
Portfolio composition As On directly by the investor to the AMFI registered
Distributors based on the investors' assessment of Reliance Equity Opportunities Fund- 10.0939
December 31, 2010 various factors including the service rendered by the Institutional Growth
distributor Reliance Equity Opportunities Fund- 38.4765
figures in %
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index Institutional Dividend
Portfolio of Reliance Equity Opportunities Fund dividend History

as on December 31, 2010 Date Rate Cum *EX
Weightage (Re/ Dividend Dividend
Holdings Unit) NAV NAV
%
Equity 91.25 7-Aug-06 1.00 16.41 15.41
Aventis Pharma Ltd. 4.91 1-Feb-07 1.50 20.88 19.53
Trent Limited 4.13 19-Mar-08 1.50 18.19 16.56
Divis Laboratories Ltd. 3.65 24-Jul-09 2.00 17.1017 15.2886
Maruti Suzuki India Ltd. 3.57 Past performance may or may not be sustained in
future; Dividend distribution is subject to availability
State Bank Of India 3.49 & adequacy of distributable surplus. The Mutual Fund
Dish Tv India Limited 3.41 is not assuring that it will make periodical dividend
Info Edge India Limited 3.18 distributions, though it has every intention of doing so.
Tata Consultancy Services Ltd. 3.09 After the payment of dividend, the per unit NAV falls to
HCL Technologies Ltd. 3.02 the extent of the dividend payout and distribution taxes,
Larsen & Toubro Ltd. 2.95 if any. Performance of dividend plan/option would be
ICICI Bank Ltd. 2.75 net of applicable statutory levy , if any.
* NAV on the 1st transaction day after Record Date,
Indian Metal And Ferro Alloys Limit 2.55 which includes the mark to market impact also.
Shoppers Stop Limited 2.50
Hathway Cable And Datacom Limited 2.39 PERFORMANCE Of RELIANCE EQUITY
Torrent Power Limited 2.31 OPPORTUNiTIES FUND vs BSE 100 INDEX AS ON
Bharti Airtel Ltd. 2.26 December 31, 2010
Cox And Kings Ltd 2.25 Period Returns of Returns of
Cummins India Ltd. 2.21 Scheme (%) Benchmark (%)
6 months 16.58 13.05
Siemens Ltd. 2.04
HDFC Bank Ltd. 1.94 1 Year 30.45 15.66
Ashok Leyland Ltd. 1.61 3 Years 6.31 -1.45
Unichem Laboratories Limited 1.59 5 years 21.77 16.58
Graphite India Limited 1.56 Since Inception 26.47 21.49
Bosch Limited 1.47 Past performance may or may not be sustained in
TELECOM - EQUIPMENT & ACCESSORIES 0.78% Coromandel International Ltd. 1.40 future. Returns are of retail plan - growth plan. returns
Hindustan Media Ventures Limited 1.29 less than one year are absolute returns and returns of
MINERALS/MINING 1.03%
Pidilite Industries Ltd. 1.26 one year and more are compounded annualized returns.
Sasken Communication Technologies 1.22 calculations assume all payouts during the period have
CHEMICALS 1.26%
Hindustan Petroleum Corporation Ltd. 1.17 been reinvested in the units of the scheme at the
prevailing nav.
FERTILISERS 1.40% Indian Oil Corporation Ltd. 1.13
Alstom Projects India Ltd. 1.07 Special Feature
Kirloskar Oil Engines Ltd 1.03 Reliance Any Time Money Card
SIP Return
POWER 2.31% Period 1 Year 3 Year 5 Year Since inception
SIP Start Date 1/1/2010 1/1/2008 1/1/2006 3/31/2005
Current NAV (As on 31/12/2010) 38.40 38.40 38.40 38.40
CEMENT 2.94% Total No. of units accumulated 358.84 1638.78 2845.86 3726.34
CONSTRUCTION PROJECT 2.95% Total Amount Invested in Rs. 12000.00 36000.00 60000.00 70000.00
MISCELLANEOUS 4.05% Return on SIP in Scheme 29.99% 40.50% 24.43% 24.28%
INDUSTRIAL PRODUCTS 5.66% Return on SIP in Benchmark (BSE 100) 21.49% 23.77% 16.07% 16.57%
AUTO 5.94% Assumptions:
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and
RETAILING 6.63% regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of retail
plan - growth plan.
BANKS 8.18% 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 first 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
SOFTWARE 15.32%
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
Industry Classification as per AMFI. against losses in declining market conditions.

Fund Data 7.17% Goi (Md 14/06/2015) 3.87
Equity: Balanced Type . . . . . . . . . . . . . . . . . . . . Open-ended scheme 7.40% Goi 2012 0.57
Date of allotment . . . . . . . . . . . . . . . . 08/06/2005 (M/D.03/05/2012)
Reliance Inception Date . . . . . . . . . . . . . . . . . . 09/06/2005

AAUM: ......................... Rs. 806 Crores (31/12/2010)
Non Convertible Debentures.
Lic Housing Finance Ltd.
8.50
2.87
Minimum Investment . . . Rs 500 & in multiples of Re 1
Regular Savings Fund thereafter ......................................................................................
Fund Manager . . . Omprakash Kuckian & Amit Tripathi
Citifinancial Consumer Finance India
Limited
2.80
- Balanced Option WeigHTed Average YTM: ...................................... 2.71% Reliance Capital Ltd. 1.72
Modified Duration: .......................................127.06 Days
investment objective Housing Development Finance Cor Ltd 1.10
WeigHTed Avg. Maturity: .............................148.98 Days
The primary investment objective of this option is to Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load . . . . . . . . . . ......(w.e.f 24th August 2009) Grand Total 100.00
generate consistent returns and appreciation of capital
by investing in a mix of securities comprising of equity, • 1% if redeemed or switched out on or before
equity related instruments & fixed income instruments. completion of 1 year from the date of allotment of
units Volatility Measures
• Nil if redeemed or switched out after completion of Beta 0.6785
1 year from the date of allotment of units Standard Deviation 3.2871
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ R Squared 0.8877
168230/09 dated June 30, 2009, no entry load will Sharpe Ratio 0.0408
be charged by the Scheme to the investor effective Portfolio Turnover Ratio 2.56
directly by the investor to the AMFI registered Distrib
Benchmark . . . . . . . . . . . . Crisil Balanced Fund Index 7.00% Risk Free returns (taken as 91days T-bill yield as
on 31/12/2010)
Portfolio Of Reliance Regular Savings
Fund- Balanced Option
as on December 31, 2010 NAV as on December 31, 2010 Rs
Holdings Weightage (%) Reliance Regular Savings Fund
23.6381
Portfolio composition As On Equities 67.12 Balanced Plan - Growth Plan
December 31, 2010 Reliance Regular Savings Fund
ICICI Bank Ltd. 3.91 16.5731
Balanced Plan - Dividend Plan
figures in % Areva T & D India Ltd 3.68
Tata Motors Ltd. 3.56 dividend History
Patni Computers System Ltd. 3.37 Date Rate Cum *EX
Bharat Heavy Electricals Ltd. 3.29 (Re/ Dividend Dividend
Unit) NAV NAV
HDFC Bank Ltd. 2.66
30-Mar-10 2.5 16.9448 14.4334
Glenmark Pharmaceuticals Ltd 2.63
24-Jul-09 3 16.9172 13.9043
Bharat Petroleum Corporation Ltd. 2.24 future; Dividend distribution is subject to availability
Trent Limited 2.18 & 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.
Ranbaxy Laboratories Ltd. 2.04 After the payment of dividend, the per unit NAV falls to
Oberoi Realty Limited 2.03 the extent of the dividend payout and distribution taxes,
if any. Performance of dividend plan/option would be
Hathway Cable And Datacom Limited 1.98 net of applicable statutory levy , if any.
Utv Software Communications Ltd. 1.90 * NAV on the 1st transaction day after Record Date,
Jet Airways (India) Ltd. 1.77 which includes the mark to market impact also.
Power Finance Corporation Limited 1.76 performance of RELIANCE regular savings

FUND - Balanced option vs Crisil Balanced
Sector Allocation AS ON December 31, 2010 Bharat Forge Ltd. 1.72 fund Index on December 31, 2010
Bharti Airtel Ltd. 1.63 Returns of Returns of
Period
MISCELLANEOUS 0.39% Maruti Suzuki India Ltd. 1.61 Scheme (%) Benchmark (%)
CONSUMER NON
0.65% Rain Commodities Limited 1.56 6 months 11.30 10.66
DURABLES
TEXTILES -
1.20% Kingfisher Airlines Ltd 1.50 1 Year 22.11 13.57
SYNTHETIC
PESTICIDES 1.37% Petronet Lng Ltd 1.44 3 Years 11.13 3.45

5 Years N.A N.A
GAS 1.44% Thomas Cook (India) Ltd. 1.40
TELECOM -
SERVICES
1.63% United Phosphorus Ltd. 1.37
Inception date: 13/01/2007
RETAILING 2.18% Gic Housing Finance Limited 1.35
Infinite Computersolution India Ltd 1.24
CEMENT 2.76%
future. Returns are of Growth Plan. Returns less than
CONSTRUCTION 2.98%
JBF Industries Limited 1.20 one year are absolute returns and returns of one year
Jaiprakash Associates Ltd. 1.20 and more are compounded annualized returns.
FINANCE 3.11%
PETROLEUM
3.40%
Max India Limited 1.17 been reinvested in the units of the scheme at the
PRODUCTS
INDUSTRIAL Indian Oil Corporation Ltd. 1.16 prevailing NAV.
3.97%
PRODUCTS
Sintex Industries Ltd. 1.08 Reliance Regular Savings Fund - Hybrid Option was
launched on June 9, 2005 and subsequently Hybrid
TRANSPORTATION 4.67% Option has been changed to Balanced Option w.e.f.
MEDIA &
Certificate Of Deposit 11.98 January 13, 2007.Consequently, Benchmark of Reliance
ENTERTAINMENT
4.68%
State Bank Of Travancore 8.16 Regular Saving Fund Balanced option has been changed
AUTO 5.17% to Crisil Balanced Fund Index from Crisil MIP Index with
State Bank Of Hyderabad 2.73 effect from February 21, 2007. Accordingly performance
SOFTWARE 6.68%
Canara Bank 1.09 of the scheme is from January 13, 2007.
INDUSTRIAL CAPITAL
7.05%
GOODS
Floating Rate Note 2.84 Special Feature
BANKS 9.12%
Tata Steel Ltd. 2.84 Reliance Any Time Money Card

Govt Securities(Gse) 4.43

Equity: Diversified Theme Based Fund Data Volatility Measures
Type . . . . . . . . . . . . . . . Open-ended Equity Scheme Beta 0.8979
Reliance
Inception Date . . . . . . . . . . . . . . . . . . 20/07/2009 R Squared 0.7551
AAUM: ......................... Rs. 1454 Crores (31/12/2010) Sharpe Ratio -0.0244
Infrastructure Fund Minimum Investment . . . Retail Plan- Rs 5000 and in
multiples of Re. 1 thereafter ...............................Institutional
investment objective Plan- Rs 5 cr and in multiples of Re. 1 thereafter................... rolling return for a 3 year period from 31/12/2007 with
Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania 7.00% Risk Free returns (taken as 91days T-bill yield ason
The primary investment objective of the scheme is to 31/12/2010)
generate long term capital appreciation by investing Entry Load*............................................... Retail Plan : Nil
predominantly in equity ang equity related instruments ....................................................... Institutional Plan : Nil NAV as on December 31, 2010 Rs.
of companies engaged in infrastructure and infrastructure Exit Load . . . . . . . ......Retail Plan & Institutional Plan Reliance Infrastructure Fund 10.7947
related sectors and which are incorporated or have their • 1% if redeemed or switched out on or before -Retail Growth Plan
area of primary activity, in India and the secondary completion of 1 year from the date of allotment of
units Reliance Infrastructure Fund 10.7947
objective is to generate consistent returns by investing
-Retail Bonus Plan
in debt & money market securities • Nil if redeemed or switched out after completion of
1 year from the date of allotment of units Reliance Infrastructure Fund 10.7948
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ -Retail Dividend Plan
168230/09 dated June 30, 2009, no entry load will Reliance Infrastructure Fund 10.8144
be charged by the Scheme to the investor effective -Institutional Growth Plan
Portfolio composition As On
December 31, 2010 Reliance Infrastructure Fund 10.8144
-Institutional Dividend Plan
figures in % Distributors based on the investors' assessment of
various factors including the service rendered by the
distributor
performance of Reliance Infrastructure
Benchmark . . . . . . . . . . . . . . . . . . . . . . . . . BSE100
Fund vs BSE100 as on December 31, 2010
Portfolio of Reliance Infrastructure Fund Returns of Returns of
Period
as on December 31, 2010 Scheme (%) Benchmark (%)
Holdings Weightage % 6 months -5.71 13.05
Equities 95.39 1 Year -5.27 15.66
Era Infra Engineering Limited 6.54 3 Years N.A N.A
ICICI Bank Ltd. 5.22 5 Years N.A N.A
Spml Infra Ltd. 5.07 Since Inception 4.91 22.75
Larsen & Toubro Ltd. 4.89 Past performance may or may not be sustained in
future. Returns are of Retail Plan - Growth Plan.
NTPC Ltd. 4.72
Returns less than one year are absolute returns and
Jindal Saw Ltd. 4.42 returns of one year and more are compounded annual-
Oil & Natural Gas Corporation Ltd. 4.40 ized returns. Calculations assume all payouts during the
period have been reinvested in the units of the scheme
Reliance Infrastructure Limited 3.84 at the prevailing NAV.
Jaiprakash Associates Ltd. 3.71
Special Feature
Infrastructure Development Finance
Company Ltd.
3.47 Reliance Any Time Money Card
Jayaswal Neco Industries Ltd 3.45
Hindustan Construction Co. Ltd. 3.03
Sector Allocation AS ON December 31, 2010 KSB Pumps Ltd. 3.01
Nagarjuna Construction Co. Ltd. 2.92
Jindal Steel & Power Ltd. 2.70
AUTOANCILLARIES 0.91% Marg Limited 2.65
PETROLEUM PRODUCTS 1.29% Gayatri Projects Limited 2.41
Mbl Infrastructures Limited 2.12
TRANSPORTATION 1.60% Tata Power Co. Ltd. 2.07
INDUSTRIALCAPITALGOODS 1.68% PSL Ltd. 2.00

Anant Raj Ind Ltd. 1.71
INDUSTRIALPRODUCTS 3.01% Patel Engineering Limited 1.68
Il&Fs Transportation Networks Ltd 1.60
FINANCE 3.47%
Hindustan Zinc Ltd. 1.56
OIL 4.40% Diamond Power Infrastructure Ltd 1.49
Texmaco Rail & Engineering Ltd. 1.40
NON - FERROUS METALS 4.44%
CEMENT 4.59% Sobha Developers Limited 1.08
Torrent Power Limited 1.06
BANKS 5.22%
GVK Power & Infrastructure Ltd 1.04
MISCELLANEOUS 6.42% Equity Less Than 1% Of Corpus 5.95
CONSTRUCTION PROJECT 10.84% Grand Total 100.00
POWER 12.74%
CONSTRUCTION 22.20%

Equity: Diversified Theme Based Fund Data Alcoa Inc 1.44
Type . . . . . . . . . . . . . . Open-ended Equity Scheme Agrium Ord 0.95

Inception Date . . . . . . . . . . . . . . . . . . 26/02/2008
Molycorp Inc
American Depository Receipt
0.09
1.86
Natural Resources AAUM: ......................... Rs.2771 Crores (31/12/2010)

Minimum Investment . . Retail Plan- Rs 5000 and in
Petroleo Brasileiro Pfd Shs
Overseas Etfs
1.86
4.58
Fund
Institutional Plan- Rs 5 cr and in multiples of Re. 1 Market Vectors Agribusiness-Etf 4.58
thereafter............................................................................. Cash And Other Receivables 0.16
investment objective Fund Manager . . . . . . . . Ashwani Kumar,Shiv Chanani Grand Total 100.00
The primary investment objective of the scheme is to Entry Load* . . . . . . . . . . . . . . . . . . . Retai Plan : Nil
seek to generate capital appreciation & provide long- Volatility Measures
........................................................Institutional Plan : Nil
term growth opportunities by investing in companies
principally engaged in the discovery, development, Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beta 0.7457
production, or distribution of natural resources and the Retail Plan & Institutional Plan Standard Deviation 3.583
secondary objective is to generate consistent returns by R Squared 0.8417
• 1% if redeemed or switched out on or before
investing in debt and money market securities. completion of 1 year from the date of allotment of Sharpe Ratio 0.0046
units
Portfolio composition As On 1 year from the date of allotment of units Note: The above measures have been calculated by
December 31, 2010 taking rolling return since inception with 7.00% Risk
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Free returns (takan as 91days T-bill yield as on
figures in % 168230/09 dated June 30, 2009, no entry load will
31/12/2010)
August 1, 2009. Upfront commission shall be paid NAV as on December 31, 2010 Rs
Distributors based on the investors' assessment of RELIANCE NATURAL RESOURCES FUND- 11.0038
various factors including the service rendered by the Retail Growth Plan
distributor RELIANCE NATURAL RESOURCES FUND- 11.0038
Benchmark ........ A custom benchmark created using Retail Bonus Plan
the BSE-200 to the extent of 65% of portfolio and RELIANCE NATURAL RESOURCES FUND- 11.0039
MSCI World Energy Index for balance 35% of the
Retail Dividend Plan
portfolio.
Portfolio of Reliance Natural Resources performance of RELIANCE NATURAL RESOURCES
Fund FUND vs BENCHMARK* as on December 31,
as on December 31, 2010 2010
Holdings Weightage(%) Period Returns of Returns of

Equities 65.25
6 months 13.88 20.31
1 year 5.41 13.88
3 Years N.A. N.A.
Sector Allocation AS ON December 31, 2010 Coal India Ltd 5.92 5 Years N.A. N.A.
(Domestic) Bharat Petroleum Corporation Ltd. 5.30 Since Inception 2.89 0.95
Hindustan Petroleum Corporation Ltd. 5.11
CHEMICALS 0.35% Past performance may or may not be sustained in
Tata Steel Ltd. 4.18 future.
POWER 0.97%
Beml Limited 3.12 Returns of Retail Plan- Growth Plan. Returns less
TEXTILES - SYNTHETIC 1.05%
than one year are absolute returns and returns of one
Indian Oil Corporation Ltd. 3.02
ENGINEERING SERVICES 1.40% year and more are compounded annualized returns.
Gujarat State Fertilizers & Chemicals Ltd. 2.92 Calculations assume that all payouts during the period
NON - FERROUS METALS 1.80%
Triveni Engeering & Industries Ltd. 2.55 have been reinvested in the units of the scheme at the
PESTICIDES 2.95% then prevailing NAV.
United Phosphorus Ltd. 2.53
INDUSTRIAL CAPITAL GOODS 3.12% A custom benchmark created using the BSE-200 to
Gujarat Narmada Valley Fertilisers Co. the extent of 65% of portfolio and MSCI World Energy
2.51
CONSUMER NON DURABLES 5.05% Ltd. Index for balance 35% of the portfolio.
FERTILISERS 5.43% Hindalco Industries Ltd. 1.80 Special Feature
MINERALS/MINING 5.92% Jindal Saw Ltd. 1.73 Reliance Any Time Money Card
FERROUS METALS 6.72% Oil India Limited 1.64
OIL 10.57%
Cairn India Limited 1.43

A2Z Maintenance And Engineering Ser 1.40
Advanta India Limited 1.26
Industry Classification as per AMFI. Shree Renuka Sugars Ltd 1.12
JBF Industries Limited 1.05
(Overseas) Equity Less Than 1% Of Corpus 2.66
International Equity Shares 28.14
Peabody Energy Corp 3.31
CHEMICALS 0.95%
Aluminum 1.44%
Arcellor Mittal 3.27
Oil / Gas Exploration / Production 1.61% Caterpillar Inc 2.91

INDUSTRIAL CAPITAL GOODS 1.87% Potash Corp Of Saskatchewan Inc 2.62
ENERGY 2.38% Bp Plc 2.38
Industrials 2.91% Csx Corp 2.33
MISCELLANEOUS 4.67% Mosaic Company Limited 2.09
Mining and materials 6.60% Jgc Ord 1.87
Materials 10.30%
Riversdale Mining Limited 1.78
Paladin Energy Limited 1.61
Industry Classification as per MSCI. Macarthur Coal Ltd 1.51

Equity: Sector Fund Data Volatility Measures
Type . . . . . . . . Open-ended Banking Sector Scheme Beta 0.9829

Inception Date . . . . . . . . . . . . . . . . . . 28/05/2003
Standard Deviation
R Squared
5.1316
0.7644
AAUM: ......................... Rs.1639 Crores (31/12/2010)
Banking Fund Minimum Investment . . . ...............................................
Retail Plan- Rs 5000 and in multiples of Re. 1
Sharpe Ratio
0.0699
0.33
thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
investment objective Institutional Plan- Rs 5 cr and in multiples of Re. 1
The primary investment objective of the scheme is to thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00% Risk Free returns (taken as 91days T-bill yield as on
seek to generate continous returns by actively investing Fund Manager............................................Sunil Singhania 31/12/2010)
in equity and equity related or fixed income securities Assistant Fund Manager (w.e.f. 1st Sep 2010): NAV as on December 31, 2010 Rs
of companies in the Banking Sector ......................................................................Shrey Loonker
RELIANCE BANKING FUND 110.0222
Entry Load*...................................Retail : Nil .................... -Retail Growth Plan
.........................................................Institutional Plan : Nil
Exit Load.......................... (w.e.f. from 24th Aug 2009)
-Retail Bonus Plan
Portfolio composition As On Retail Plan & Institutional Plan
December 31, 2010 • 1% if redeemed or switched out on or before
completion of 1 year from the date of allotment of -Retail Dividend Plan
figures in % units RELIANCE BANKING FUND 9.8790
• Nil if redeemed or switched out after completion of -Institutional Growth Plan
1 year from the date of allotment of units dividend History
Benchmark . . . . . . . . . . . . . . . S&P CNX Bank Index
Date Rate Cum *EX
168230/09 dated June 30, 2009, no entry load will (Re/ Unit) Dividend Dividend
be charged by the Scheme to the investor effective NAV NAV
August 1, 2009. Upfront commission shall be paid 11/25/2003 1.00 13.32 12.31
Distributors based on the investors' assessment of 3/28/2005 3.00 23.26 19.94
various factors including the service rendered by the 12/29/2005 4.00 25.05 21.35
distributor 3/30/2006 5.00 21.16 16.32
2/21/2007 2.00 19.57 17.24
Portfolio of Reliance BANKING Fund 11/5/2007 2.00 27.85 25.85
as on December 31, 2010 8/28/2009 2.00 27.26 25.26
“Past performance may or may not be sustained in the
Weigh future; Dividend distribution is subject to availability &
Holdings tage % adequacy of distributable surplus. The Mutual Fund is not
Equities 89.01 assuring that it will make periodical dividend distributions,
though it has every intention of doing so. After the payment
State Bank Of India 15.29 of dividend, the per unit NAV falls to the extent of the
ICICI Bank Ltd. 13.22 dividend payout and distribution taxes, if any. Performance
of dividend plan/option would be net of applicable statutory
HDFC Bank Ltd. 7.59 levy , if any.
Bank Of Baroda 6.54 * NAV on the 1st transaction day after Record Date, which
Corporation Bank 6.45 includes the mark to market impact also. “
Bajaj Finance Ltd. 6.07 PERFORMANCE Of RELIANCE BANKING FUND VS
Oriental Bank Of Commerce 5.70 S&P CNX BANK INDEX as on December 31,
Canara Bank 5.64 2010
Federal Bank Ltd. 4.54 Period Returns of Returns of
ING Vysya Bank Ltd. 2.58 Scheme (%) Benchmark (%)
Bank Of India 2.53 6 months 26.16 27.41
Indiabulls Financial Services Ltd 2.36 1 Year 46.08 35.78
Punjab National Bank 2.29 3 Years 18.40 7.06
Axis Bank Limited 2.19 5 Yrs 28.35 22.45
Kotak Mahindra Bank Ltd. 1.86
Cholamandalam Invt And Fin Co. Ltd. 1.38
Reliance Capital Ltd. 1.08 Past performance may or may not be sustained in future.
"Returns are of Retail Plan - Growth Plan. Returns less than
Equity Less Than 1% Of Corpus 1.71 one year are absolute returns and returns of one year and
Debt,Cash And Other Receivables 10.99 more are compounded annualized returns. Calculations
assume all payouts during the period have been reinvested
Grand Total 100.00 in the units of the scheme at the prevailing NAV.
SIP Return
Period 1 Year 3 Year 5 Year Since
inception
SIP Start Date 1/1/2010 1/1/2008 1/1/2006 5/28/2003
Current NAV (As on 31/12/2010) 110.02 110.02 110.02 110.02
Market Value if invested in Scheme Rs. 14503.60 67073.50 139197.96 336456.09
Return on SIP in Benchmark (S&P CNX Banks Index) 38.43% 40.39% 27.57% 27.28%
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows 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.
against losses in declining market conditions.
Type . . . . . . . . . Open-ended Power Sector Scheme Beta 0.8414
Reliance Date of allotment: . . . . . . . . . . . . . . . 08/05/2004

Inception Date . . . . . . . . . . . . . . . . . . 10/05/2004
Standard Deviation
R Squared
4.0792
0.8864
Diversified Power
AAUM: ......................... Rs.4607 Crores (31/12/2010) Sharpe Ratio -0.008
Minimum Investment . . Retail Plan- Rs 5000 and in Portfolio Turnover Ratio 0.30
multiples of Re. 1 thereafter Institutional Plan- Rs 5 cr
Sector Fund
and in multiples of Re. 1 thereafter . . . . . . . . . . . . Note: The above measures have been calculated by
Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania taking rolling . . . . . return for a 3 year period from
Entry Load* . . . . . . . . . . . . . . Retail Plan Nil 31/12/2007 with 7.00% Risk Free returns (taken as
investment objective Institutional Plan Nil 91days T-bill yield as on 31/12/2010)
Exit Load . . . . . . . . . . (w.e.f. from 24th Aug 2009)
The primary investment objective of the scheme is to Retail Plan & Institutional Plan NAV as on December 31, 2010 Rs
seek to generate continous returns by actively investing • 1% if redeemed or switched out on or before Reliance Diversified Power Sector Fund- 82.8192
in equity and equity related or fixed income securities completion of 1 year from the date of allotment of Growth Plan
of Power and other associated companies units
Reliance Diversified Power Sector Fund- 82.8190
• Nil if redeemed or switched out after completion of Bonus Plan
1 year from the date of allotment of units
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Diversified Power Sector Fund- 48.8892
168230/09 dated June 30, 2009, no entry load will Dividend Plan
be charged by the Scheme to the investor effective Reliance Diversified Power Sector Fund- 81.1071
August 1, 2009. Upfront commission shall be paid Institutional Growth Plan
Distributors based on the investors' assessment of
various factors including the service rendered by the dividend History
distributor Date Rate Cum *EX Dividend
Benchmark . . . . . . . . . . . . . . . . . . India Power Index (Re/ Unit) Dividend NAV
Portfolio composition As On NAV
December 31, 2010 Portfolio of Reliance
DIVERSIFIED POWER SECTOR Fund 12/29/2005 4.00 22.7957 18.9886
figures in % as on December 31, 2010 2/21/2007 2.50 30.4120 27.4754
Holdings Weigh 8/17/2007 3.00 35.0854 32.5381
tage %
Equities 95.66 3/28/2008 1.50 44.8514 42.1742
Cummins India Ltd. 6.23 3/26/2009 2.00 27.1657 25.3848
Torrent Power Limited 5.80 3/30/2010 2.50 49.1336 46.7484
Jindal Steel & Power Ltd. 4.72 “Past performance may or may not be sustained in
Ptc India Limited 4.48 the future; Dividend distribution is subject to availability
Siemens Ltd. 4.38 & adequacy of distributable surplus. The Mutual Fund is
Reliance Infrastructure Limited 3.89 not assuring that it will make periodical dividend
Oil & Natural Gas Corporation Ltd. 3.80 distributions, though it has every intention of doing so.
Jaiprakash Associates Ltd. 3.55 After the payment of dividend, the per unit NAV falls to
Crompton Greaves Ltd. 3.47 the extent of the dividend payout and distribution taxes,
Tata Power Co. Ltd. 3.37 if any. Performance of dividend plan/option would be
Larsen & Toubro Ltd. 3.36 net of applicable statutory levy , if any.
NTPC Ltd. 3.31 * NAV on the 1st transaction day after Record Date,
JSL Stainless Ltd 2.92
which includes the mark to market impact also.“
Thermax India Ltd. 2.21 PERFORMANCE Of RELIANCE DIVERSIFIED POWER
KEC International Ltd. 2.19 SECTOR FUND VS INDIA POWER INDEX as on
Adani Power Limited 1.95 December 31, 2010
Sterlite Technologies Ltd 1.93 Period Returns of Returns of
Bajaj Electricals Limited 1.92 Scheme (%) Benchmark (%)
Infrastructure Development Finance 6 months 1.09 -4.32
1.82
Company Ltd. 1 Year 5.38 -8.92
BGR Energy Systems Limited 1.72
Alstom Projects India Ltd. 1.71 3 Years 0.40 -11.28
Jyoti Structures Ltd. 1.44 5 years 29.22 14.47
Reliance Power Limited 1.43 Since Inception 37.36 18.46
Kirloskar Brothers Ltd 1.37 Past performance may or may not be sustained in
Prakash Industries Limited 1.21 future. Returns are of Retail Plan - Growth Plan. Returns
Kirloskar Pneumatic Company Limited 1.08 less than one year are absolute returns and returns of
Apar Industries Ltd. 1.03 one year and more are compounded annualized returns.
Equity Less Than 1% Of Corpus 8.55 Calculations assume all payouts during the period have
Debt,Cash And Other Receivables 4.34 been reinvested in the units of the scheme at the
Grand Total 100.00 prevailing NAV.
SIP Return
SIP Start Date 1/1/2010 1/1/2008 1/1/2006 5/10/2004
Current NAV (As on 31/12/2010) 82.82 82.82 82.82 82.82
Return on SIP in Benchmark (India Power Index) -8.50% 6.28% 8.17% 14.48%
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows 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.
against losses in declining market conditions.
Type . . . Open-ended Media & Entertainment Sector Beta 0.8588
Scheme Standard Deviation 4.7807
Reliance Date of allotment: . . . . . . . . . . . . . . . 30/09/2004
Inception Date . . . . . . . . . . . . . . . . . . 07/10/2004
R Squared
Sharpe Ratio
0.6723
0.0375
AAUM: ......................... Rs. 100 Crores (31/12/2010)
Media & Minimum Investment . . . . . . . . . . . . . . . . Rs 5,000
Fund Manager . . . . . . . . . . . . . . . . . . Sailesh RajBhan
Note: The above measures have been calculated by taking rolling return for a
Entertainment Fund
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil 3 year period from 31/12/2007 with 7.00% Risk Free returns (taken as
Exit Load ................................(w.e.f 24th August 2009) 91days T-bill yield as on 31/12/2010)
•1% if redeemed or switched out on or before NAV as on December 31, 2010 Rs
completion of 1 year from the date of allotment of Reliance Media & Entertainment Fund- 30.5491
investment objective units Growth Plan
The primary investment objective of the scheme is to 1 year from the date of allotment of units Reliance Media & Entertainment Fund- 30.5494
generate continous returns by investing in equity and *In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Bonus Plan
equity related or fixed income securities of Media & 168230/09 dated June 30, 2009, no entry load will Reliance Media & Entertainment Fund- 21.9660
Entertainment and other associated companies be charged by the Scheme to the investor effective Dividend Plan
directly by the investor to the AMFI registered dividend history
Distributors based on the investors' assessment of Date Rate Cum *EX
various factors including the service rendered by the (Re/ Unit) Dividend Dividend
distributor NAV NAV
Benchmark . . . S&P CNX Media & Entertainment Index 12/29/2005 1.00 15.3538 14.5695
1/29/2007 2.50 23.2086 20.2771
Portfolio of Reliance MEDIA & 3/28/2008 1.50 23.3321 21.6013
ENTERTAINMENT Fund 9/18/2009 1.50 18.4531 17.3196
as on December 31, 2010 "Past performance may or may not be sustained in the future; Dividend
distribution is subject to availability & adequacy of distributable surplus. The
Holdings Weightage 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
Equities 95.63 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
Dish Tv India Limited 13.62 statutory levy , if any.
Zee Entertainment Enterprises Ltd 12.52 * NAV on the 1st transaction day after Record Date, which includes the mark
to market impact also. "
Hathway Cable And Datacom Limited 8.88
Hinduja Ventures Ltd. 8.80 NAV PERFORMANCE Of RELIANCE MEDIA &
Portfolio composition As On ENTERTAINMENT FUND VS S&P CNX MEDIA &
Sun Tv Network Limited 8.69 ENTERTAINMENT INDEX AS ON December 31, 2010
December 31, 2010
Pvr Ltd. 8.15 Returns of Returns of
Jagran Prakashan Ltd 8.11 Period
figures in % Scheme (%) Benchmark (%)
HT Media Limited 6.21 6 months 4.74 4.17
Hindustan Media Ventures Limited 5.88 1 Year 15.58 20.03
Balaji Telefilms Ltd. 5.58 3 Years -9.49 -12.39
Info Edge India Limited 4.93 5 years 14.45 13.26
Utv Software Communications Ltd. 3.65 Since Inception 19.60 14.50
Past performance may or may not be sustained in future. "Returns are
Equity Less Than 1% Of Corpus 0.60 of growth plan. returns less than one year are absolute returns
Sub Total Of Equities 95.63 and returns of one year and more are compounded annualized
returns. calculations assume all payouts during the period have
Preference Shares,Cash And Other Receivables 4.37 been reinvested in the units of the scheme at the prevailing nav.
Grand Total 100.00
SIP Return
SIP Start Date 1/1/2010 1/1/2008 1/1/2006 10/7/2004
Current NAV (As on 31/12/2010) 30.55 30.55 30.55 30.55
Return on SIP in Benchmark (S&P CNX 9.12% 22.09% 10.24% 11.80%
Media & Entertainment)
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and regular monthly
subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of growth plan.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the first 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 Portfolio of Reliance PHARMA Fund
Reliance Type . . . . . . . . . . . . . Open-ended Pharma Sector Scheme

Date of Allotment . . . . . . . . . . . . . . . . . . . . 05/06/2004
Holdings
Equity
Weightage %
93.05
Pharma Fund
Inception Date . . . . . . . . . . . . . . . . . . . . . . 08/06/2004
AAUM: ......................... Rs. 544 Crores (31/12/2010) Ranbaxy Laboratories Ltd. 9.55
Minimum Investment . . . . . . . . . . . . . . . . . . . . . Rs 5,000 Divis Laboratories Ltd. 9.28
Fund Manager . . . . . . . . . . . . . . . . . . . . . . Sailesh Rajbhan
investment objective Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Aventis Pharma Ltd. 9.12
The primary investment objective of the scheme is to Exit Load . . . . . . . . . . . . . . ...... (w.e.f. 24th August 2009) Sun Pharmaceutical Industries Ltd. 8.15
seek to generate consistent returns by investing in •1% if redeemed or switched out on or before completion Cipla Ltd. 6.83
equity and equity related or fixed income securities of of 1 year from the date of allotment of units
Pharma and other associated companies • Nil if redeemed or switched out after completion of 1 Wyeth Ltd. 6.43
year from the date of allotment of units Cadila Healthcare Ltd. 5.16
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Astrazeneca Pharma India Ltd. 5.05
charged by the Scheme to the investor effective August 1, Lupin Ltd. 4.66
2009. Upfront commission shall be paid directly by the Indoco Remedies Limited 4.63
investor to the AMFI registered Distributors based on the
investors' assessment of various factors including the service Sun Pharma Advance Research Co Ltd 4.30
rendered by the distributor Zydus Wellness Ltd 3.86
Benchmark . . . . . . . . . . . . . . . . BSE - Health Care Index Fulford India Limited 3.75
Biocon Limited 3.53

Torrent Pharmaceuticals Limited 2.34 dividend history
Equity: Sector Date Rate (Re/ Cum *EX
Glaxosmithkline Pharmaceuticals Ltd. 2.23
Unit) Dividend Dividend
Apollo Hospitals Enterprise Ltd 1.69 NAV NAV
Reliance Fresenius Kabi Oncology Ltd 1.51 12/19/2005
2/21/2007
1.00
1.50
16.8681
19.1030
15.8674
17.5537
Pharma Fund Cash And Other Receivables 6.95
3/19/2008
8/28/2009
1.50
1.50
17.5487
25.4824
15.9285
23.9825
Grand Total 100.00 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
Volatility Measures will make periodical dividend distributions, though it has every
Beta: 0.638 intention of doing so. After the payment of dividend, the per unit
NAV falls to the extent of the dividend payout and distribution
Standard Deviation: 3.7513 taxes, if any. Performance of dividend plan/option would be net
of applicable statutory levy, if any.
R Squared: 0.6026 * NAV on the 1st transaction day after Record Date, which
Portfolio composition As On Sharpe Ratio : 0.1125 includes the mark to market impact also. “
December 31, 2010 PERFORMANCE Of RELIANCE PHARMA FUND VS BSE
Portfolio Turnover Ratio: 0.24
- HEALTH CARE INDEX as on December 31, 2010
figures in % Note: The above measures have been calculated by Period Returns of Returns of
taking rolling return for a 3 year period from Scheme (%) Benchmark (%)
31/12/2007 with 7.00% Risk Free returns (taken as 6 months 8.17 17.14
91days T-bill yield as on 31/12/2010) 1 Year 31.86 34.19
3 Years 23.89 15.06
5 years 27.16 16.66
NAV as on December 31, 2010 Rs Since Inception 30.67 18.21
RELIANCE PHARMA FUND -Growth Plan 57.9578 Past performance may or may not be sustained in future.
RELIANCE PHARMA FUND -Bonus Plan 57.9578 "Returns are of Growth Plan. Returns less than one year
are absolute returns and returns of one year and more are
RELIANCE PHARMA FUND -Dividend Plan 43.2265 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
Period 1 Year 3 Year 5 Year Since
inception
SIP Start Date 1/1/2010 1/1/2008 1/1/2006 6/8/2004
Current NAV (As on 31/12/2010) 57.96 57.96 57.96 57.96
Return on SIP in Benchmark (BSE HC) 42.54% 35.96% 22.41% 19.77%
a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out of uniform and
regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as XIRR. Returns are of Growth Plan.
c) It is assumed that a SIP of Rs. 1000/- each executed on 10th of every month has been taken into consideration including the
first 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: Tax Saver Fund Data Portfolio of Reliance TAX SAVER (elss) Fund
Type . . . . . . Open-ended Equity Linked Savings Scheme
Reliance Date of allotment . . . . . . . . . . . . . . . . 21/09/2005 Holdings

Weigh
tage %
Inception Date . . . . . . . . . . . . . . . . . . 22/09/2005
Tax Saver (ELSS)
Equity 98.12
AAUM: ......................... Rs.2393 Crores (31/12/2010) State Bank Of India 6.06
Fund
Minimum Investment . . Rs. 500 & in multiples of Rs Eicher Motors Ltd. 5.24
500 thereafter
Indian Metal And Ferro Alloys Limit 3.33
Fund Manager . . . . . . . . . . . . . . . . . . Ashwani Kumar HDFC Bank Ltd. 3.05
Assistant Fund Manager (w.e.f 1st Sep 2010): Oil & Natural Gas Corporation Ltd. 3.05
The primary objective of the scheme is to generate long . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Viral Berawala
term capital appreciation from a portfolio that is Federal Mogal Goetze Ltd. 2.84
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
invested predominantly in equity and equity related Siemens Ltd. 2.83
instruments. Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Aventis Pharma Ltd. 2.73
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Tata Steel Ltd. 2.73
be charged by the Scheme to the investor effective ICICI Bank Ltd. 2.71
August 1, 2009. Upfront commission shall be paid Info Edge India Limited 2.68
directly by the investor to the AMFI registered Swaraj Engines Ltd 2.56
Cummins India Ltd. 2.54
distributor Reliance Industries Ltd. 2.51
Benchmark . . . . . . . . . . . . . . . . . . . . BSE 100 Index Tata Consultancy Services Ltd. 2.47

Maruti Suzuki India Ltd. 2.45
Bajaj Finance Ltd. 2.43

Equity: Tax Saver Portfolio of Reliance TAX SAVER (elss) Fund Volatility Measures
as on December 31, 2010 Beta 0.8074
Reliance
Weigh Standard Deviation 3.9741
Holdings
tage % R Squared 0.86
Swaraj Mazda Ltd. 2.37
Tax Saver (ELSS)
Sharpe Ratio 0.0019
Hindustan Petroleum Corporation Ltd. 2.36 Portfolio Turnover Ratio 0.91
Fund Madras Cements Limited
Oil India Limited
2.36
2.32
taking rolling return for a 3 year period from
Triveni Engeering & Industries Ltd. 2.15
NAV as on December 31, 2010 Rs
Portfolio composition As On Wipro Ltd. 2.12 RELIANCE TAX SAVER (ELSS) FUND-Growth Plan 22.2995
December 31, 2010
Va Tech Wabag 2.09 RELIANCE TAX SAVER FUND-Dividend Plan 17.3846
figures in %
Punjab National Bank 1.90 dividend History
Bharat Forge Ltd. 1.80 Cum *EX
Rate (Re/
Date Dividend Dividend
Torrent Power Limited 1.79 Unit)
NAV NAV
Bharat Petroleum Corporation Ltd. 1.70 28-Aug-09 1.50 13.55 12.05
Power Finance Corporation Limited 1.60 21-Feb-07 1.00 14.69 13.52
Cipla Ltd. 1.59 5-Nov-07 1.00 17.08 16.08

“Past performance may or may not be sustained in
ABB Ltd 1.45 future; Dividend distribution is subject to availability &
adequacy of distributable surplus. The Mutual Fund is
KSB Pumps Ltd. 1.45 not assuring that it will make periodical dividend
distributions, though it has every intention of doing so.
Divis Laboratories Ltd. 1.42 After the payment of dividend, the per unit NAV falls to
the extent of the dividend payout and distribution taxes,
Areva T & D India Ltd 1.40 if any. Performance of dividend plan/option would be
net of applicable statutory levy , if any.
Trent Limited 1.33
* NAV on the 1st transaction day after Record Date,
Jaiprakash Associates Ltd. 1.32 which includes the mark to market impact also.“
PERFORMANCE Of RELIANCE TAX SAVER (ELSS)
Engineers India Ltd 1.29
FUND vs BSE 100 INDEX AS ON
Cox And Kings Ltd 1.13 December 31, 2010
Anant Raj Ind Ltd. 1.11 Scheme (%) Benchmark (%)
Gammon India Ltd. 1.05
6 months 12.26 13.05
Hathway Cable And Datacom Limited 1.01
1 Year 22.49 15.66
Equity Less Than 1% Of Corpus 5.79 3 years 2.04 -1.45
5 years 15.26 16.58
IDR,Preference Shares,Cash And Other 1.88
Receivables Since Inception 16.52 18.54
"Returns are of Growth Plan. Returns less than one
Grand Total 100.00 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
Sector Allocation AS ON December 31, 2010 NAV. Past performance may or may not be sustained
in the future."
TEXTILE 0.18 %
SIP Return
CONSTRUCTION PROJECT 1.05 %
ENGINEERING 1.29 %
SIP Start Date 1/1/2010 1/1/2008 1/1/2006 9/22/2005
RETAILING 1.76 %
Current NAV (As on 31/12/2010) 22.30 22.30 22.30 22.30
POWER 1.79%

CONSTRUCTION 2.00 %
ENGINEERING SERVICES 2.09%

CONSUMER NON DURABLES 2.44 % Market Value if invested in Benchmark in Rs. 13289.05 50593.02 89346.01 98792.42
FERROUS METALS 2.73% Return on SIP in Scheme 20.88% 29.89% 18.25% 17.95%
MISCELLANEOUS 3.33 % Return on SIP in Benchmark (BSE 100) 21.49% 23.77% 16.07% 16.38%
CEMENT 3.68% Past performance may or may not be sustained in future.
FINANCE 4.04% a) Returns on SIP and Benchmark are annualised and cumulative investment return for cash flows resulting out
of uniform and regular monthly subscriptions have been worked out on "Excel" spreadsheet function known as
XIRR. Returns are of Growth Plan.
OIL 5.37% b) Calculations assume that all payouts during the period have been reinvested in the units of the scheme at then
INDUSTRIAL CAPITAL GOODS 5.68 %
prevailing NAV.
PHARMACEUTICALS
5.75 %
d) The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof
SOFTWARE 7.78 % 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
INDUSTRIAL PRODUCTS 9.03 %
AUTO 10.07% 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.
BANKS 13.73%

Equity: Tax Saver Fund Data Volatility Measures:
Type . . A 10 year close-ended Equity Linked Savings Beta 0.7458
Reliance Scheme
Standard Deviation
R Squared
3.5174
0.8653
Equity Linked Saving Inception Date . . . . . . . . . . . . . . . . . . 01/04/2008

AAUM: ......................... Rs.200 Crores (31/12/2010)
Sharpe Ratio
0.0746
0.73
Fund – Series I Minimum Investment . Rs.500/- and in multiples of

Rs.500/- thereafter
taking rolling return since inception with 7.00% Risk
Free returns (takan as 91days T-bill yield as on
investment objective Fund Manager . . . . . . . . . . . . . . . . . Sailesh Raj Bhan
31/12/2010)
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil
The primary objective of the scheme is to generate NAV AS ON December 31, 2010 Rs.
long-term capital appreciation from a portfolio that is Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil*
*In accordance with the SEBI (MFs) Regulations, 1996, Reliance Equity Linked Saving Fund-
invested predominantly in equities along with income 15.7195
NFO expenses not exceeding 6% of the amount Series I - Growth Plan
tax benefit.
mobilised, will be charged to the scheme and will be Reliance Equity Linked Saving Fund-
15.7195
amortised over a period of 10 years. If the investor opts Series I - Dividend Plan
for the redemption before the completion of 10 . . ..
years, proportionate unamortized portion of the NFO performance of RELIANCE EQUITY LINKED
expenses outstanding as on the date of the redemption SAVING FUND - SERIES I - Growth vs BSE 100
shall be recovered from such investor. as on December 31, 2010
Benchmark: - BSE 100 Returns of Returns of
Portfolio composition As On Period
December 31, 2010 Portfolio of Reliance EQUITY LINKED
SAVING Fund – Series I 6 months 12.00 13.05
figures in %
as on December 31, 2010 1 Year 22.71 15.66
Holding Weigh 3 Years N.A N.A
tage(%) 5 years N.A N.A
Equities 77.50 Since Inception 17.73 9.94
Astrazeneca Pharma India Ltd. 6.73 Past performance may or may not be sustained in
future. Returns of the Growth Plan. Returns less than
Fulford India Limited 5.68 one year are absolute returns and returns of one year
Graphite India Limited 5.42 and more are compounded annualized returns.
Calculations assume that all payouts during the period
Divis Laboratories Ltd. 4.47 have been reinvested in the units of the scheme at the
then prevailing NAV.
Coromandel International Ltd. 4.15
Hikal Ltd. 3.65
Sasken Communication Technologies 3.21
Eicher Motors Ltd. 2.93
Procter & Gamble Hygiene & Health Care Ltd. 2.77
Skf India Ltd. 2.71
DCM Shriram Consolidated Ltd. 2.57
HDFC Bank Ltd. 2.32
Blue Star Ltd. 2.16
Bharat Forge Ltd. 1.87
Pantaloon Retail (India) Ltd. 1.82
Info Edge India Limited 1.77
Maruti Suzuki India Ltd. 1.76
Trent Limited 1.71
Torrent Power Limited 1.44
Warrants,Preference Shares, Cash And Other 22.50
Receivables
Grand Total 100.00

Arbitrage: Fund Data NAV AS ON December 31, 2010 Rs.
Type . . . . . . . . . . . . An Open Ended Arbitrage Scheme Reliance Arbitrage Advantage Fund -

10.2030
Growth Plan
Reliance Arbitrage Advantage Fund-
10.2030
Inception Date . . . . . . . . . . . . . . . . . . . 20/10/2010
Arbitrage Advantage
Dividend Plan
AAUM: ......................... Rs. 1 Crore (31/12/2010)
Fund
Minimum Investment . . . Rs 5000 and in multiples of performance of Reliance Arbitrage
Re. 1 thereafter Advantage Fund - Retail Plan - Growth vs
Crisil Liquid Fund as on December 31, 2010
Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga
investment objective Period
Returns of Returns of
Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : Nil Scheme (%) Benchmark (%)
The investment objective of the scheme is to generate
Exit Load . . . . 1% if redeemed/switched on or before Since Inception 1.90 1.38
income by taking advantage of the arbitrage
opportunities that potentially exists between cash and completion of 12 months from the date of allotment Past performance may or may not be sustained in
derivative market and within the derivative segment of units. Nil if redeemed/switched after completion of future. Returns of the Growth Plan. Returns less than
along with investments in debt securities & money 12 months from the date of allotment of units. one year are absolute returns and returns of one year
market instruments. *In terms of SEBI circular no. SEBI/IMD/CIR No.4/ and more are compounded annualized returns.
168230/09 dated June 30, 2009, no entry load will Calculations assume that all payouts during the period
be charged by the Scheme to the investor effective have been reinvested in the units of the scheme at the
Portfolio composition As On then prevailing NAV.
December 31, 2010
figures in % Distributors based on the investors' assessment of
distributor
Benchmark: - Crisil Liquid Fund Index
Portfolio of Arbitrage Advantage Fund

Holding Weigh
tage(%)
Equities- 74.57
Grasim Industries Ltd. 9.30
Apollo Tyres Ltd 8.48
Gujarat State Petronet Ltd 7.49
Mercator Lines Limited 7.45
Indiabulls Real Estate Limited 6.64
Lanco Infratech Limited 6.05
Sector Allocation AS ON December 31, 2010 Pantaloon Retail (India) Ltd. 5.83
Derivatives,Cash And Other Receivables 25.43
RETAILING 5.83%
Grand Total 100.00
CONSTRUCTION 6.64%
GAS 7.49%
CEMENT 9.30%

Debt - Liquid Fund Data Indiabulls Financial Services Ltd P1+ 6.55
Type . . . . . . . . . . . . . . . . . . . . An Open Ended Liquid Scheme Export Import Bank Of India P1+ 4.58
Reliance Date of allotment . . . . . . . . . . . . . . . . . . . . . . . . June 16, 2005

Inception Date . . . . . . . . . . . . . . . . . June 16, 2005
Religare Finvest Limited
ICICI Securities Ltd
A1+
P1+
2.27
0.66
Liquidity Fund
AAUM: ......................... Rs. 7827 Crores (31/12/2010) J M Financial Products Private Ltd. P1+ 0.65
Minimum Investment . . Rs 5 crore for all investors & Edelweiss Capital Limited P1+ 0.65
in multiples of Re 1 thereafter Kotak Securities Ltd. A1+ 0.35
Fund Manager . . . . . . . . . . . . . Amit Tripathi & Anju Chhajer
Kotak Mahindra Investments Ltd. A1+ 0.33
Weighted Average YTM . . . . . . .. . . . . . . . . 8.39%
investment objective Modified Duration . . .. . . . . . . .. . . . . . . . . 48 Days Housing Development Finance A1+ 0.30
The investment objective of the scheme is to generate Weighted Avg. Maturity . . .. . . . . . . . . . . . 53 Days Cor Ltd
optimal returns consistent with moderate levels of risk Entry Load* . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil National Bank For Agri. & Rural Dev P1+ 0.20
and high liquidity. Accordingly, investments shall Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Nil Cash And Other Receivables 10.41
predominantly be made in Debt and Money Market * In terms of SEBI circular no. SEBI/IMD/CIR No.4/
168230/09 dated June 30, 2009, no entry load will Grand Total 100.00
Instruments
August 1, 2009. Upfront commission shall be paid NAV as on December 31, 2010 Rs
directly by the investor to the AMFI registered Distributors Reliance Liquidity Fund-Daily Dividend Plan 10.0051
based on the investors' assessment of various factors
including the service rendered by the distributor. Reliance Liquidity Fund-Weekly Dividend Plan 10.0035
Benchmark . . . . . . . . . . . . . . Crisil Liquid Fund Index Reliance Liquidity Fund-Growth Plan 14.4717
Portfolio Of Reliance Liquidity Fund
As On December 31, 2010 Rating Profile
Holding Rating Weigh Rating Weightage
tage(%) P1+ 39.68%
Bills Re-Discounted 3.90 A1+ 17.79%
HDFC Bank Ltd. Unrated 3.90 PR1+ 25.24%
Certificate Of Deposit 69.14 BWR P1+ 2.98%
Central Bank Of India PR1+ 15.18 UNRATED 3.90%
Punjab National Bank PR1+ 8.98 Cash & Other Receivables 10.41%
Corporation Bank P1+ 6.78 Grand Total 100.00%
Oriental Bank Of Commerce P1+ 5.81
Uco Bank A1+ 5.19 Performance Of Reliance Liquidity Fund
State Bank Of India A1+ 4.87 Vs Crisil Liquid Fund Index As On December
Canara Bank P1+ 3.30 31, 2010
Corporation Bank Bwr P1+ 2.98 Period Returns of Returns of
State Bank Of Travancore A1+ 2.63 Scheme (%) Benchmark(%)
Uco Bank P1+ 2.61 7days 0.14 0.15
State Bank Of Travancore P1+ 1.32 15 days 0.30 0.29
State Bank Of Bikaner & Jaipur P1+ 1.32
30 days 0.60 0.63
Axis Bank Limited P1+ 1.31
Yes Bank Ltd. P1+ 1.30 3 months 1.72 1.71
Allahabad Bank A1+ 1.30 6 months 3.16 3.14
IDBI Bank Ltd P1+ 1.25 1 Year 5.44 5.12
Bank Of India P1+ 0.73 3 Years 6.68 6.12
United Bank Of India Ltd. P1+ 0.66
5 Years 7.02 6.38
Vijaya Bank PR1+ 0.65
Yes Bank Ltd. A1+ 0.53 Since Inception 6.89 6.20
HDFC Bank Ltd. PR1+ 0.43 Past performance may or may not be sustained
Bank Of Baroda A1+ 0.01 in future; "Returns are of Growth Plan. Returns less
Commercial Paper 16.54 than one year are absolute returns and returns of one
year and more are compounded annualized returns.
been reinvested in the units of the scheme at the
prevailing NAV.
Portfolio composition As On December 31, 2010 Dividend HIstory

Date(DD/MM/YY) Rate (Re/ Unit) Cum Dividend NAV EX Dividend NAV*
figures in %
Reliance Liquidity Fund - Weekly Dividend
31-Dec-10 0.0112 10.0178 10.0035
24-Dec-10 0.0060 10.0112 10.0035
20-Dec-10 0.0154 10.0232 10.0035
10-Dec-10 0.0103 10.0166 10.0035
3-Dec-10 0.0101 10.0164 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.

Debt - Liquid Fund Data NAV as on December 31, 2010 Rs
Reliance Liquid Fund - Treasury Plan - 15.2428
Reliance Type . . . . . . . . . . . . . . . . . . . . . Open-ended Liquid Scheme
Date of allotment . . . . . . . . . . . . . . . . . . . . . . 18/03/1998
Daily Dividend Plan
Inception Date . . . . . . . . . . . . . . . . . . . . . . . . 23/03/1998
Liquid Fund AAUM: ......................... Rs. 1978 Crores (31/12/2010)
Minimum Investment Retail: Rs.5,000 in multiples of Re 1
Weekly Dividend Plan
Monthly Dividend Plan
- Treasury Plan thereafter Institutional : Rs. 1,00,00,000 & in multiples
of Re 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reliance Liquid Fund - Treasury Plan -
Quarterly Dividend Plan
12.1760
Fund Manager . . . . . . . . . . . . . . . . . . . . . . . Prashant Pimple
investment objective Weighted Average YTM . . . . . . . . . . . . . . . . . . . . . . 8.08% Reliance Liquid Fund - Treasury Plan - 22.9665
Growth Plan
Modified Duration . . . . . . . . . . . . . . . . . . . . . . . . . 40 Days
The investment objective of the scheme is to generate Weighted Avg. Maturity . . . . . . . . . . . . . . . . . . . . . 44 Days Reliance Liquid Fund - Treasury Plan - 15.2874
Institutional Daily Dividend Plan
optimal returns consistent with moderate levels of risk Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
and high liquidity. Accordingly, investments shall Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Nil Reliance Liquid Fund - Treasury Plan - I 15.3030
predominantly be made in Debt and Money Market * In terms of SEBI circular no. SEBI/IMD/CIR No.4/ nstitutional Weekly Dividend Plan
Instruments 168230/09 dated June 30, 2009, no entry load will be Reliance Liquid Fund - Treasury Plan - 21.7598
charged by the Scheme to the investor effective August Institutional Monthly Dividend Plan
1, 2009. Upfront commission shall be paid directly by
the investor to the AMFI registered Distributors based on Reliance Liqu\id Fund - Treasury Plan - 23.4020
the investors' assessment of various factors including the Institutional Growth Plan
service rendered by the distributor.
Rating Profile
Benchmark . . . . . . . . . . . . . . . . . . . . Crisil Liquid Fund Index
Rating Weightage
Portfolio Of Reliance Liquid Fund - P1+ 44.26%
Treasury Plan
A1+ 16.74%
As On December 31, 2010
PR1+ 6.98%
Holding Rating Weigh
UNRATED 5.53%
Tage(%)
Bills Re-Discounted 56.75 Cash & Other Receivables 26.49%
HDFC Bank Ltd. Unrated 5.53 Grand Total 100.00%
Sub Total Of Bills Re-Discounted 5.53 Performance Of Reliance Liquid Fund -

Certificate Of Deposit Treasury Plan Vs Crisil Liquid Fund Index
Canara Bank P1+ 23.78
State Bank Of India A1+ 9.66 Scheme (%) Benchmark(%)
Kotak Mahindra Bank Ltd. P1+ 8.30 7days 0.13 0.15
Oriental Bank Of Commerce P1+ 4.17 15 days 0.28 0.29
Bank Of Maharashtra. P1+ 3.66 30 days 0.55 0.63
Punjab National Bank Pr1+ 2.81 3 months 1.58 1.71
Karur Vysya Bank Ltd. A1+ 2.77 6 months 2.87 3.14
Dena Bank P1+ 1.38 1 Year 4.99 5.12
Bank Of India P1+ 0.22 3 Years 6.37 6.12
Commercial Paper 11.23 5 yrs 6.54 6.38
I L & F S Ltd. Pr1+ 2.76 Since Inception 6.71 N.A
Il&Fs Financial Services Ltd A1+ 2.76 Past performance may or may not be sustained in
future; Returns are of Retail Plan - Growth Plan. Returns
Ecl Finance Limited P1+ 2.76 less than one year are absolute returns and returns of
Utkal Alumina International Ltd Pr1+ 1.40 one year and more are compounded annualized returns.
Ericsson India Private Ltd A1+ 1.38 been reinvested in the units of the scheme at the
Housing Development A1+ 0.17 prevailing NAV.
Finance Cor Ltd * N.A. denotes non-availability of suitable index at the
Cash And Other Receivables 26.49 time of inception.
Portfolio composition As On December 31, 2010
Grand Total 100.00 Special Feature
figures in % Dividend HIstory

Reliance Liquid Fund - Treasury Plan - Retail - Monthly Dividend
27-Dec-10 0.0582 13.3826 13.3083
25-Nov-10 0.0544 13.3773 13.3079
25-Oct-10 0.0486 13.3699 13.3079
Reliance Liquid Fund - Treasury Plan - Retail - Weekly Dividend
31-Dec-10 0.0105 10.3551 10.3417
24-Dec-10 0.0060 10.3494 10.3417
20-Dec-10 0.0147 10.3605 10.3417
10-Dec-10 0.0096 10.3539 10.3417
3-Dec-10 0.0094 10.3537 10.3417
Reliance Liquid Fund - Treasury Plan - Retail - Quarterly Dividend
20-Dec-10 0.1444 12.3357 12.1513
20-Sep-10 0.1133 12.2934 12.1488
21-Jun-10 0.1086 12.2839 12.1453
statutory levy, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact
also.

Fund Data State Bank Of Bikaner & Jaipur P1+ 0.41
Debt - Liquid Syndicate Bank Ltd. Pr1+ 0.29
Type . . . . . . . . . . . . . . . . Open-ended Liquid Scheme Cash And Other Receivables 7.22
Inception Date . . . . . . . . . . . . . . . . . . . 07/12/2001
Grand Total 100.00
Liquid Fund AAUM: ......................... Rs. 638 Crores (31/12/2010)

Minimum Investment . . . Rs. 5,000 & in multiples of
RATING PROFILE
Rating Weightage (%)
Re.1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- Cash Plan
P1+ 42.90%
Fund Manager . . . . . . . . . . . . . . . . . . . . . Amit Tripathi A1+ 20.26%
Weighted Average YTM . . . . . . . . . . . . . . . . . . 8.51% PR1+ 25.38%
Modified Duration . . . . . . . . . . . . . . . . . . . . . 62 Days BWR P1+ 1.34%
Weighted Avg. Maturity . . . . . . . . . . . . . . . . . 67 Days UNRATED 2.90%
investment objective Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Cash and Other Receivables 7.22%
The primary investment objective of the scheme is to Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Grand Total 100.00
generate optimal returns consistent with moderate * In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Nav As On December 31, 2010 Rs
levels of risk and high liquidity. Accordingly, investments charged by the Scheme to the investor effective August Reliance Liquid Cash Plan-Growth Plan 15.5731
shallpredominantly be made in Debt and Money Market 1, 2009. Upfront commission shall be paid directly by Reliance Liquid Cash Plan-Weekly Dividend Plan 10.9169
Instruments the investor to the AMFI registered Distributors based on Reliance Liquid Cash Plan-Daily Dividend Plan 11.1415
the investors' assessment of various factors including the
service rendered by the distributor Reliance Liquid Cash Plan-Monthly Dividend Plan 10.0367
Portfolio composition As On December 31, 2010 Benchmark Crisil Liquid Fund Index Performance Of Reliance Liquid Fund -
Cash Plan Vs Crisil Liquid Fund Index
figures in % Portfolio Of Reliance Liquid fund - Cash Plan
As On NOVEMBER 08, 2010
As on December 31, 2010 Period Returns of Returns of
Holding Rating Weigh Scheme (%) Benchmark(%)
Tage(%) 7days 0.11 0.13
Bills Re-Discounted 2.90 15 days 0.22 0.25
30 days 0.47 0.54
HDFC Bank Ltd. Unrated 2.90
3 months 1.31 1.5
Certificate Of Deposit 89.88 6 months 2.42 2.72
Indian Overseas Bank P1+ 14.41 1 Year 3.8 4.45
Central Bank Of India Pr1+ 11.35 3 Years 4.57 6.13
Oriental Bank Of Commerce P1+ 10.50 5 Years 5.09 6.29
ICICI Bank Ltd. A1+ 9.02 Since Inception 4.97 N.A.
Allahabad Bank A1+ 8.74 NAV Performance report Rs
Andhra Bank Ltd Pr1+ 5.81 as on December 31, 2010
Union Bank Of India P1+ 5.80 Reliance Liquid Cash Plan-Growth Plan 1.00
HDFC Bank Ltd. Pr1+ 4.35 Crisil Liquid Fund Index 1.02
Bank Of India P1+ 3.20
Past performance may or may not be sustained in future; Returns
Bank Of Maharashtra. P1+ 3.19 are of Growth Plan. Returns less than one year are absolute returns
Allahabad Bank Pr1+ 2.99 and returns of one year and more are compounded annualized
Corporation Bank P1+ 2.17 returns. Calculations assume all payouts during the period have been
Yes Bank Ltd. A1+ 1.77 reinvested in the units of the scheme at the prevailing NAV.
Canara Bank P1+ 1.76 Reliance Liquid Fund - Cash Plan was launched on Dec 7,2001.
IDBI Bank Ltd P1+ 1.46 Subsequently the key features of the Scheme have been changed
w.e.f Nov 9, 2010. Accordingly, above performance is calculated from
Corporation Bank Bwr P1+ 1.34 November 9, 2010.
United Bank Of India Ltd. A1+ 0.73 N.A. denotes non-availability of suitable index at the time of
Punjab National Bank Pr1+ 0.59 inception.
Special Feature
Dividend HIstory
Reliance Liquid Fund - Cash Plan - Weekly Dividend
31-Dec-10 0.0131 10.9336 10.9169
24-Dec-10 0.0073 10.9262 10.9169
20-Dec-10 0.0182 10.9402 10.9169
10-Dec-10 0.0120 10.9322 10.9169
3-Dec-10 0.0117 10.9318 10.9169
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.
Portfolio Of Reliance Floating Rate Fund -

Debt - Ultra Short Term Fund Data
Short Term Plan
Type . . . . . . . . . . . . An Open-ended Income Scheme
Reliance
Date of allotment . . . . . . . . . . . . . . . . . 27/08/2004
Inception Date . . . . . . . . . . . . . . . . . . . 02/09/2004 Holding Rating Weigh
AAUM: ......................... Rs.2739 Crores (31/12/2010) tage(%)
Floating Rate Fund Minimum Investment Rs. 5,000 & in multiples of Re.1
thereafter
Certificate Of Deposit
Punjab National Bank
68.27
PR1+ 24.48
- Short Term Plan Fund Manager . . . . . . . . . . . . . . . . . . . . . Amit Tripathi Bank Of India A1+ 14.06
Weighted Average YTM . . . . . . . . . . . . . . . . . . 8.98% State Bank Of Patiala A1+ 9.20
(Formerly as Reliance Floating Rate Fund) Modified Duration . . . . . . . . . . . . . . . . . . . 223 Days IDBI Bank Ltd A1+ 7.88
Weighted Avg. Maturity . . . . . . . . . . . . . . . 247 Days State Bank Of Travancore A1+ 3.64
investment objective Entry Load * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Canara Bank PR1+ 3.57
The primary investment objective of the scheme is to Exit Load . . . . 0.25%, if units are redeemed within 1 Bank Of India P1+ 3.12
generate regular income through investment in a month from the date of allotment. ICICI Bank Ltd. A1+ 1.65
portfolio comprising substantially of Floating Rate Debt * In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Punjab & Sindh Bank Ltd A1+ 0.66
Securities (including floating rate securitised debt, 168230/09 dated June 30, 2009, no entry load will be Commercial Paper 8.40
Money Market Instruments and Fixed Rate Debt charged by the Scheme to the investor effective August 1,
National Bank For Agri. & Rural Dev P1+ 6.55
Instruments swapped for floating rate returns). The 2009. Upfront commission shall be paid directly by the
scheme shall also invest in Fixed Rate Debt Securities investor to the AMFI registered Distributors based on the
Ballarpur Industries Ltd. F1+(IND) 0.73
(including floating rate securitised debt, Money Market investors' assessment of various factors including the service
Floating Rate Note 1.95
Instruments and Fixed Rate Debt Instruments swapped rendered by the distributor.
Ultratech Cement Ltd. AAA 1.95
for fixed returns). Benchmark . . . . . . . . . . . . . . . Crisil Liquid Fund Index
Non Convertible Debentures. 10.09
Lic Housing Finance Ltd. AAA 3.90
Manappuram General Fin & Leasing Lt LA+ 3.87

Debt - Ultra Short Term Indian Hotels Company Ltd. LAA+ 0.77 LAA+ 0.77%
Tgs Investment & Trade Pvt Ltd A1+ 0.54 CAREAA+(SO) 0.22%
Reliance Trapti Trading & Invest Pvt. Ltd.

Kotak Mahindra Prime Ltd.
A1+
P1+
0.54
0.46
LA+
Cash & Other Receivables
3.87%
2.06%
Floating Rate Fund

Pass Through Certificates 9.23 Grand Total 100.00%
Indian Inf Equip Rec Trust AAA(IND) 4.40
Performance Of Reliance Floating Rate
Ibm India Private Limited AAA 2.96
- Short Term Plan
Fund Vs Crisil Liquid Fund Index As On may
(IND)(SO) 23, 2010
India Microfin Loan Receivable Trus P1+(SO) 1.65 Period Returns of Returns of
(Formerly as Reliance Floating Rate Fund)
Tata Capital Limited CAREAA 0.22 Scheme (%) Benchmark(%)
+(SO) 7 days 0.09 0.06
Cash And Other Receivables 2.06 15 days 0.19 0.13
Grand Total 100.00 30 days 0.39 0.27
3 months 1.13 0.94
Nav As On December 31, 2010 Rs
6 months 2.22 1.72
Portfolio composition As On December 31, 2010 Reliance Floating Rate 15.1221 1 Year 4.76 3.10
- Short Term Plan-Growth Plan
3 Years 7.18 6.23
Reliance Floating Rate -Short Term Plan- 10.1349
figures in % Dividend Plan 5 Years 7.05 6.19
Reliance Floating Rate - Short Term Plan 10.0665
-Daily Dividend Plan NAV Performance report as on December
Reliance Floating Rate - Short Term Plan 10.0959 31, 2010
-Weekly Dividend Plan
6 Since
Reliance Floating Rate - Short Term Plan 10.0486
-Quarterly Dividend Plan Months Inception
Reliance Floating Rate Fund - 2.99 3.62
Rating Profile Short Term Plan Growth
P1+ 10.14% Crisil Liquid Fund Index 3.14 3.63
P1+(SO) 1.65% Past performance may or may not be sustained in future; Returns
A1+ 39.29% are of Growth Plan. Returns less than one year are absolute returns
and returns of one year and more are compounded annualized
F1+(IND) 0.73% returns. Calculations assume all payouts during the period have been
PR1+ 28.05% reinvested in the units of the scheme at the prevailing NAV.
AAA 5.85% Reliance Floating Rate Fund was launched on Sep 2, 2004.
Subsequently the key features of the Scheme have been changed
AAA(IND) 4.40% w.e.f May 24, 2010. Accordingly, above performance is calculated
AAA(IND) (SO) 2.96% from May 24, 2010. and the Scheme was renamed as Reliance
Floating Rate Fund - Short Term Plan.
Dividend HIstory
Reliance FRF - Weekly Dividend
28-Dec-10 0.0082 10.0907 10.0814
21-Dec-10 0.0113 10.0943 10.0814
14-Dec-10 0.0069 10.0892 10.0814
7-Dec-10 0.0074 10.0898 10.0814
Reliance FRF - Dividend (Monthly)
20-Dec-10 0.0300 10.1473 10.1111
19-Nov-10 0.0506 10.1594 10.1063
19-Oct-10 0.0425 10.1542 10.1079
Reliance FRF - Dividend (Quarterly)
20-Dec-10 0.1244 10.1473 10.1111
statutory levy , if any.
Debt : Ultra Short Term Fund Data Portfolio Of Reliance Money Manager Fund
Reliance Type . . . . . . . . . . . . . . . Open-ended Income Scheme
Date of allotment . . . . . . . . . . . . . . . . . 20/03/2007 Holding Rating
Weigh
tage(%)
Money Manager Fund Inception Date . . . . . . . . . . . . . . . . . . . 21/03/2007

AAUM: ..................... Rs.12230 Crores (31/12/2010)
Bills Re-Discounted
HDFC Bank Ltd. UNRATED
4.24
2.83
Minimum Investment . For Retail Plan: Rs. 1 lac and in Kotak Mahindra Bank Ltd. UNRATED 1.41
investment objective multiples of Re. 1 thereafter For Institutional Plan: Certificate Of Deposit 63.86
The investment objective of the Scheme is to generate Rs 1 Cr and in multiples of Re 1 thereafter Punjab National Bank PR1+ 8.87
optimal returns consistent with moderate levels ofrisk Fund Manager . . . . . . . . . Amit Tripathi & Anju Chhajer Union Bank Of India P1+ 7.91
and liquidity by investing in debtsecurities and money Weighted Average YTM . . . . . . . . . . . . . . . . . . 8.59%
market securities. Modified Duration . . . . . . . . . . . . . . . . . . . . . 66 Days
Weighted Average Maturity . . . . . . . . . . . . . . 72 Days
Oriental Bank Of Commerce P1+ 4.85
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIL
Central Bank Of India PR1+ 4.81
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Indian Bank F1+(IND) 3.66
168230/09 dated June 30, 2009, no entry load will Ing Vysya Bank Ltd. P1+ 3.43
be charged by the Scheme to the investor effective Allahabad Bank PR1+ 3.25
August 1, 2009. Upfront commission shall be paid Axis Bank Limited P1+ 3.11
directly by the investor to the AMFI registered HDFC Bank Ltd. PR1+ 2.44
Distributors based on the investors' assessment of IDBI Bank Ltd A1+ 2.36
various factors including the service rendered by the Syndicate Bank Ltd. PR1+ 1.60
distributor. Punjab & Sindh Bank Ltd A1+ 1.41
Benchmark . . . . . . . . . . . . . . . Crisil Liquid Fund Index State Bank Of Bikaner & Jaipur P1+ 0.98
Corporation Bank BWR P1+ 0.90
State Bank Of Patiala A1+ 0.87
Dena Bank P1+ 0.85
State Bank Of Hyderabad A1+ 0.17
IDBI Bank Ltd P1+ 0.17
Debt : Ultra Short Term Bank Of Baroda A1+ 0.16 Rating Profile
Commercial Paper 6.63 Rating Weightage (%)
Reliance Religare Finvest Limited

I L & F S Ltd.
A1+
PR1+
2.29
1.13
SOV
P1+
1.42%
35.64%
Money Manager Fund Indiabulls Financial Services Ltd P1+ 1.13 A1+ 8.20%
Gruh Finance Ltd P1+ 0.85 F1+(IND) 3.66%
Il&Fs Financial Services Ltd A1+ 0.57 PR1+ 22.09%
Infina Finance Private Limited P1+ 0.29 AAA 0.86%
Sundaram Bnp Paribas Home A1+ 0.29 LAAA 0.57%
Fina Ltd. AAA(IND) 0.12%
Housing Development Finance A1+ 0.09 AAA(IND)(SO) 0.01%
Cor Ltd BWR P1+ 0.90%
Non Convertible Debentures. 0.98 B-(ind) 0.01%
National Housing Bank AAA 0.86 UNRATED 4.24%
Ge Capital Services India Ltd AAA(IND) 0.12 Cash & Other Receivables 22.29%
Unitech Ltd. B-(IND) 0.01 Grand Total 100.00%
Pass Through Certificates 0.01
Performance Of money manager Fund Vs Crisil
Indian Infra Equp Rec Trust AAA(IND) 0.01
Liquid Fund Index As On December 31, 2010
(SO)
Treasury Bills. 1.42
Scheme (%) Benchmark(%)
91 Days Tbill Sovereign 1.42
6 Months 2.96 3.14
Zero Coupon Bonds. 0.57
1 year 5.27 5.12
Infrastructure Development LAAA 0.57
Finance Company Ltd. 3 Years 6.70 6.12
Cash And Other Receivables 22.29 5 Years N.A N.A
Grand Total 100.00 Since inception 7.10 6.46
Returns are of Retail Plan - Growth Plan. Returns less
NAV as on December 31, 2010 Rs than one year are absolute returns and returns of one
Reliance Money Manager Fund-Retail year and more are compounded annualized returns.
1,297.2585 Calculations assume all payouts during the period have
Growth
Reliance Money Manager Fund-Retail been reinvested in the units of the scheme at the
1,288.7168 prevailing NAV. Past performance may or may not be
Bonus
Reliance Money Manager Fund-Retail sustained in the future."
1,001.1219
Daily Dividend
Reliance Money Manager Fund-Retail 1,002.9398
Weekly Dividend
Monthly Dividend
Quarterly Dividend
Reliance Money Manager Fund- 1,310.6854
Institutional Growth
Institutional Daily Dividend
Institutional Weekly Dividend
Institutional Monthly Dividend
Dividend HIstory
Reliance Money Manager Fund - Weekly Dividend
31-Dec-10 1.2458 1004.3580 1002.9398
24-Dec-10 0.6595 1003.6906 1002.9398
20-Dec-10 1.6173 1004.7809 1002.9398
figures in %
10-Dec-10 1.0892 1004.1797 1002.9398
3-Dec-10 1.0740 1004.1625 1002.9398
Reliance Money Manager Fund -Retail - Monthly
Dividend
20-Dec-10 4.5220 1013.0174 1008.0567
19-Nov-10 5.1209 1013.2763 1007.9827
19-Oct-10 4.2628 1012.6512 1007.9680
Reliance Money Manager Fund -Retail - Quarterly
Dividend
20-Dec-10 14.1223 1038.2701 1022.3852
20-Sep-10 11.0551 1011.9555 1007.9477
21-Jun-10 10.6983 1034.0841 1022.0352
statutory levy, if any.

Debt : Ultra Short Term Fund Data Non Convertible Debentures. 8.25
Reliance Type . . Open-ended Income Scheme with no assured Small Industries Dev Bank Of India AAA 4.20
returns Gruh Finance Ltd LAA+ 2.63
Date of allotment . . . . . . . . . . . . . . . . . 14/09/2000 ICICI Bank Ltd. AAA 1.04
Medium Term Fund Inception Date . . . . . . . . . . . . . . . . . . . 25/09/2000
AAUM: ..................... Rs. 3256 Crores (31/12/2010)
Lic Housing Finance Ltd.
Tata Capital Limited
AAA
LAA+
0.21
0.17
Minimum Investment . . 5,000 & in multiples of Re.1 Zero Coupon Bonds. 3.02
investment objective thereafter Godrej Consumer Products Ltd. A1+ 3.02
Fund Manager . . . . . . . . . Amit Tripathi & Anju Chhajer
The primary investment objective of the scheme is to Cash And Other Receivables 17.67
Weighted Average YTM . . . . . . . . . . . . . . . . . 8.52%
generate regular income in order to make regular Modified Duration . . . . . . . . . . . . . . . . . . . . . 97 Days Grand Total 100.00
dividend payments to unitholders and the secondary Weighted Avg. Maturity . . . . . . . . . . . . . . . 106 Days NAV as on December 31, 2010 Rs
objective is growth of capital. Entry Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Reliance Medium Term Fund-Growth Plan 19.9103
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Medium Term Fund-Bonus Plan 14.2199
Reliance Medium Term Fund-Quarterly Dividend 10.7318
Plan
directly by the investor to the AMFI registered Reliance Medium Term Fund-Monthly Dividend 10.3970
Distributors based on the investors' assessment of Plan
various factors including the service rendered by the Reliance Medium Term Fund-Daily Dividend Plan 17.0959
distributor
Reliance Medium Term Fund-Weekly Dividend Plan 17.1099
Benchmark . . . . . . . Crisil Short-term Bond Fund Index
Rating Profile
Portfolio Of Reliance Medium-Term Fund
Rating Weightage
P1+ 27.77%
Holding Rating Weigh
tage(%) A1+ 17.80%
Certificate Of Deposit 53.64 PR1+ 15.00%
Central Bank Of India PR1+ 10.37 AAA 8.62%
Oriental Bank Of Commerce P1+ 7.03 LAAA 7.17%
LAA+ 2.80%
Corporation Bank P1+ 4.14 AA(IND) 3.17%
State Bank Of Bikaner & Jaipur P1+ 3.98 Cash & Other Receivables 17.67%
Punjab National Bank PR1+ 2.55 Grand Total 100.00%
HDFC Bank Ltd. PR1+ 2.08 PERFORMANCE OF RELIANCE MEDIUM-TERM
State Bank Of Bikaner & Jaipur A1+ 2.01 FUND VS CRISIL SHORT TERM BOND FUND INDEX
State Bank Of Mysore P1+ 1.99
State Bank Of Hyderabad A1+ 1.43 Period Returns of Returns of
ICICI Bank Ltd. A1+ 1.23 Scheme (%) Benchmark (%)
State Bank Of Travancore P1+ 1.02 6 months 3.02 2.06
IDBI Bank Ltd P1+ 1.01 1 Year 5.55 4.70
Bank Of Baroda A1+ 0.83 3 Years 6.40 6.91
Uco Bank P1+ 0.28
5 Years 6.27 6.84
State Bank Of Mysore A1+ 0.04
Commercial Paper 3.91 Since Inception 6.88 N.A
Cholamandalam Invt And Fin Co. Ltd. A1+ 3.91 Past performance may or may not be sustained in
Floating Rate Note 13.51 one year are absolute returns and returns of one
Infrastructure Development Finance LAAA 7.17 year and more are compounded annualized returns.
Company Ltd. Calculations assume all payouts during the period have
Tata Steel Ltd. AA(IND) 3.17 been reinvested in the units of the scheme at the
prevailing NAV.
Tata Sons Ltd. AAA 2.11
N.A. denotes non-availability of suitable index at the
Power Finance Corporation Limited AAA 1.06 time of inception."
Special Feature
Dividend HIstory
Portfolio composition As On December 31, 2010 Reliance Medium Term Fund - Retail - Weekly
28-Dec-10 0.0185 17.1170 17.0959
figures in % 21-Dec-10 0.0208 17.1196 17.0959
14-Dec-10 0.0171 17.1154 17.0959
7-Dec-10 0.0154 17.1134 17.0959
Reliance Medium Term Fund - Retail - Quarterly
20-Dec-10 0.1415 10.8704 10.7098
20-Sep-10 0.1290 10.8525 10.7072
21-Jun-10 0.1205 10.8419 10.7062
Reliance Medium Term Fund - Retail - Monthly
20-Dec-10 0.0376 10.4180 10.3757
22-Nov-10 0.0519 10.4296 10.3720
20-Oct-10 0.0463 10.4227 10.3723

Debt : Short Term Fund Data Reliance Utilities & Power Pvt. CAREAAA 1.76
Ltd.
Reliance Type . . . . . . . . . . . . . . . Open-ended Income Scheme
Date of allotment . . . . . . . . . . . . . . . . . 18/12/2002
Rural Electrification Corp Ltd
Tata Power Co. Ltd.
AAA
AA
1.17
1.08
Short Term Fund

Inception Date . . . . . . . . . . . . . . . . . . . 23/12/2002 Aditya Birla Nuvo Ltd. CAREAA+ 0.96
AAUM: ..................... Rs. 4117 Crores (31/12/2010) Power Grid Corporation Ltd. AAA 0.68
Minimum Investment . . . . . . . . . . . . . . . . . Rs. 5,000
Power Finance Corporation AAA 0.67
investment objective & in multiples of Re.1 thereafter. Limited
Fund Manager . . . . . . . . . . . . . . . . . . Prashant Pimple Indian Railway Finance Corpn. AAA 0.67
The primary investment objective of the scheme is to Weighted Average YTM . . . . . . . . . . . . . . . . . . 8.54% Ltd.
generate stable returns for investors with a short term Modified Duration . . . . . . . . . . . . . . . . . . . 604 Days Housing Development Finance AAA 0.66
investment horizon by investing in fixed income Weighted Avg. Maturity . . . . . . . . . . . . . . . 755 Days Cor Ltd
securitites of a short term maturity Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Kotak Mahindra Prime Ltd. LAA 0.59
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil HCL Technologies Ltd. AA+ 0.54
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Lic Housing Finance Ltd. CAREAAA 0.40
Srei Equipment Finance Pvt Ltd AA(IND) 0.31
ICICI Bank Ltd. AAA 0.27
Tata Capital Limited LAA+ 0.16
Airport Authority Of India AAA 0.08
Distributors based on the investors’ assessment of
various factors including the service rendered by the Srei Equipment Finance Pvt Ltd PR1+ 0.03
distributor. Pass Through Certificates 6.51
Benchmark . . . . . . . . . . . . . . . Crisil Liquid Fund Index Tata Teleservices Limited CARE A+ 4.84
(SO)
Rating Profile Portfolio Of Reliance Short Term Fund
Ibm India Private Limited AAA(IND) 0.68
Rating Weightage As On December 31, 2010 (SO)
SOV 20.65% Weigh Aditya Birla Nuvo Ltd. LAA+(SO) 0.52
Holding Rating
LAA+(SO) 0.52% tage(%)
Tata Capital Limited CAREAA 0.47
P1+ 18.45% Certificate Of Deposit 39.81 +(SO)
A1+ 23.07% State Bank Of Patiala P1+ 7.57 Cash And Other Receivables 8.87
PR1+ 0.71% State Bank Of Patiala A1+ 6.35 Grand Total 100.00
AAA 10.82% State Bank Of Travancore P1+ 3.76
LAAA 2.16% State Bank Of Travancore A1+ 3.08
State Bank Of Mysore A1+ 2.78 NAV as on December 31, 2010 Rs
CAREAAA 2.15%
AAA(IND)(SO) 0.68% Bank Of India P1+ 2.72 Reliance Short Term Fund -Growth Plan 18.0559
AA+ 0.54% Bank Of India A1+ 2.53 Reliance Short Term Fund-Dividend Re-Investment Plan 10.6236
LAA+ 0.16% Union Bank Of India P1+ 2.49
Reliance Short Term Fund -Quarterly Dividend Plan 13.4266
AA 1.08% ICICI Bank Ltd. A1+ 2.21
AA(IND) 3.28% State Bank Of Hyderabad A1+ 1.88
Performance Of Reliance Short-Term Fund
LAA 0.59% Bank Of Baroda A1+ 1.24
Vs Crisil Liquid Fund Index As On December
CAREAA+(SO) 0.47% Corporation Bank P1+ 1.23 31, 2010
CAREAA+ 0.96% Andhra Bank Ltd PR1+ 0.68 Period Returns of Returns of
CARE A+ (SO) 4.84% Canara Bank P1+ 0.63 Scheme (%) Benchmark (%)
Cash & Other Receivables 8.87% State Bank Of Bikaner & Jaipur A1+ 0.62 6 months 2.16 3.14
Grand Total 100.00% IDBI Bank Ltd A1+ 0.03 1 Year 5.02 5.14
Commercial Paper 2.40 3 Years 8.63 6.12
Cholamandalam Invt And Fin A1+ 2.35 5 Years 8.52 6.38
Co. Ltd. Since Inception 7.62 5.63
Housing Development Finance P1+ 0.05 Past performance may or may not be sustained
Cor Ltd in future. Returns are of Growth Plan. Returns less
Floating Rate Note 5.14 than one year are absolute returns and returns of one
Tata Steel Ltd. AA(IND) 2.97 year and more are compounded annualized returns.
Infrastructure Development LAAA 2.16 Calculations assume all payouts during the period have
Finance Company Ltd. been reinvested in the units of the scheme at the
prevailing NAV.
7.99% Goi (Md 09.07.2017) Sovereign 9.39 Special Feature
7.49% Goi 2017 (M/D. Sovereign 5.04 Reliance Any Time Money Card
16.04.2017)
7.46% Goi 2017 (M/D. Sovereign 4.51
28/8/2017)
7.17% Goi (Md 14/06/2015) Sovereign 1.71
Portfolio composition As On December 31, 2010 Non Convertible Debentures. 16.63
Tata Motors Ltd. AAA 3.53
figures in % Lic Housing Finance Ltd. AAA 3.10
Dividend HIstory
Reliance Short Term Fund - Dividend
27-Dec-10 0.0313 10.6474 10.6155
25-Nov-10 0.0536 10.6588 10.6026
25-Oct-10 0.0119 10.6224 10.6036
Reliance Short Term Fund - Quarterly Dividend
20-Dec-10 0.0791 13.4818 13.3921
20-Sep-10 0.1318 13.4785 13.3317
21-Jun-10 0.1581 13.5422 13.3684

Debt : Long Term Portfolio Of Reliance Regular Savings Fund- Dividend HIstory
Debt Option Rate Cum- EX
Reliance As On December 31, 2010
Holdings Rating
Weigh
Date(DD/MM/YY) (Re/ Dividend Dividend
Unit) NAV NAV*
Regular Savings Fund

tage Reliance Regular Savings Fund - Debt Option - Retail
Certificate Of Deposit 0.55 - Quarterly
State Bank Of Patiala A1+ 0.52 21-Dec-10 0.0264 12.2316 12.2022
- Debt Option Axis Bank Limited
Non Convertible Debentures.
PR1+ 0.03
61.74
29-Sep-10
28-Jun-10
0.0864 12.2651 12.1715
0.1212 12.2847 12.1486
investment objective Sundaram Finance Limited LAA+ 7.99
30-Mar-10 0.1206 12.2437 12.1108
Kotak Mahindra Prime Ltd. LAA 5.86
12-Jan-10 0.3416 12.4739 12.0860
Cholamandalam Invt And Fin Co. LAA- 4.85
The primary investment objective of this option is to Past performance may or may not be sustained in
Ltd.
generate optimal returns consistent with moderate level future; Dividend distribution is subject to availability
Citifinancial Consumer Finance India AA+ 4.78
of risk. This income may be complemented by capital Limited & adequacy of distributable surplus. The Mutual Fund
appreciation of the portfolio. Accordingly investments is not assuring that it will make periodical dividend
Geetanjali Trading & Inv Pvt Ltd BWRAAA 3.53
shall predominantly be made in Debt & Money Market distributions, though it has every intention of doing so.
Tata Capital Limited CAREAA+ 3.45 After the payment of dividend, the per unit NAV falls to
Instruments.
Tata Motors Finance Limited AA- 2.57 the extent of the dividend payout and distribution taxes,
L&T Finance Ltd CAREAA+ 2.36 if any. Performance of dividend plan/option would be
Bilt Graphic Paper Products Ltd AA-(IND)(SO) 1.94 net of applicable statutory levy, if any.
Portfolio composition As On December 31, 2010 HCL Technologies Ltd. AA+ 1.86 Rating Profile
figures in % Tube Investments Of India Limited AA 1.74 Rating Weightage
Shriram City Union Finance Ltd. CAREAA- 1.74
LAA+(SO) 3.49%
Tata Capital Limited LAA+ 1.73
Mahindra & Mahindra Fin Ser Ltd. AA(IND) 1.70 A1+ 0.52%
Bajaj Finance Ltd. AA+ 1.57 PR1+ 0.03%
Indiabulls Financial Services Ltd AA 1.51 AAA 0.56%
Tech Mahindra Ltd. CAREAAA 1.45
CAREAAA 2.69%
Srei Equipment Finance Pvt Ltd CAREAA 1.43
CAREAA 1.43%
Tata Power Co. Ltd. AA 1.41
Reliance Capital Ltd. CAREAAA 1.25 AAA(IND) 0.63%
Aditya Birla Nuvo Ltd. LAA+ 1.00 AAA(IND)(SO) 0.01%
Sundaram Bnp Paribas Home Fina CAREAA+ 0.89 AA-(IND)(SO) 2.81%
Ltd.
BWRAAA 3.53%
Shriram Transport Finance Co Ltd. CAREAA+ 0.88
Srei Equipment Finance Pvt Ltd AA(IND) 0.87 AA+ 9.71%
Ballarpur Industries Ltd. AA-(IND) 0.87 LAA+ 13.94%
Ballarpur Industries Ltd. AA-(IND)(SO) 0.87 AA+(SO) 0.68%
Tata Sons Ltd. AAA 0.56
AA 4.96%
Cholamandalam Invt And Fin Co. AA- 0.42
Ltd. AA(IND) 2.57%
Bajaj Finance Ltd. LAA+ 0.38 LAA 11.21%
Indiabulls Infrastructure Credit Lt AA 0.26 CAREAA+(SO) 1.76%
Indiabulls Housing Finance Ltd AA 0.03
CAREAAA+(SO) 2.23%
Pass Through Certificates 15.44
CAREAA- 3.76%
Tata Teleservices Limited CARE A+ (SO) 6.38
Aditya Birla Nuvo Ltd. LAA+(SO) 3.49 CAREAA+ 12.40%
Tata Motors Finance Limited AA- 2.50 AA- 5.49%
Shriram Transport Finance Co Ltd. CAREAA+(SO) 1.76 LAA- 4.85%
Tml Auto Sec Trust AA+(SO) 0.68
CARE A+ (SO) 6.38%
Indian Inf Equip Rec Trust AAA(IND) 0.63
Indian Infra Equp Rec Trust AAA(IND)(SO) 0.01 AA-(IND) 0.87%
Fund Data
Zero Coupon Bonds. 18.73 Cash & Other Receivables 3.54%
Type..................................................Open-ended scheme Lands End Properties Pvt. Ltd. CAREAA+ 4.81 Grand Total 100.00%
Date of Allotment.......................................08/06/2005 Indiabulls Financial Services Ltd LAA 4.39
Inception Date............................................09/06/2005 Sundaram Finance Limited LAA+ 2.84 PERFORMANCE OF RELIANCE REGULAR SAVINGS
AAUM: ..................... Rs. 3127 Crores (31/12/2010) Deutsche Postbank Home Finance CAREAAA(SO) 2.23 FUND - DEBT OPTION VS CRISIL COMPOSITE
Minimum Investment: Ltd BOND FUND INDEX AS ON December 31, 2010
Retail Plan: Rs. 500 per option & in multiples of Re. Tata Housing Development Co Ltd CAREAA- 1.99
1thereafter Kotak Mahindra Prime Ltd. LAA 0.96
Institutional Plan: Rs 25 lacs per option and in multiples Citifinancial Consumer Finance India AA+ 0.76
of Re.1 thereafter Limited 6 months 1.61 1.88
Maximum Investment Amount (across all folios) in one Sundaram Finance Limited AA+ 0.74 1 Year 4.73 4.96
calendar quarter: ......................Nil w.e.f. 03rd Jan 2011 Cash And Other Receivables 3.54 3 Years 6.21 5.81
Fund Manager..........................................Prashant Pimple Grand Total 100.00
Entry Load*.......Under both Retail and Institutional 5 Years 5.08 5.66
Interest Rate Swap (Notional %) 5.28
Plan: Nil Since Inception 4.83 5.45
Exit Load..........Under both Retail and Institutional Plan NAV as on December 31, 2010 Rs "Returns are of Retail Plan Growth Plan. Returns less
2%, if redeemed/switched out on or before completion than one year are absolute returns and returns of one
of 1 year Reliance Regular Savings 13.0347
Fund Debt Option-Retail Growth
Nil, if redeemed/switched out after completion of 1 Calculations assume all payouts during the period have
year Reliance Regular Savings Fund Debt 12.2160 been reinvested in the units of the scheme at the
Weighted Average YTM..........................................9.24% Option-Retail Quarterly Dividend prevailing NAV. Past performance may or may not be
Modified Duration..............................................546 Days Reliance Regular Savings Fund Debt 13.1718 sustained in the future."
Weighted Avg. Maturity.....................................620 Days Option-Institutional Growth
Special Feature
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Regular Savings Fund Debt 12.2856 Reliance Any Time Money Card
168230/09 dated June 30, 2009, no entry load will Option-Institutional Quarterly Dividend
directly by the investor to the AMFI registered Distributor
Benchmark..................Crisil Composite Bond Fund Index

Debt : Long Term Fund Data Non Convertible Debentures. 10.59
Reliance
Type . . . . . . . . . . . . . . Open-ended Income Scheme Tata Motors Ltd. Aaa 10.00
Inception Date . . . . . . . . . . . . . . . . . . 01/01/1998 Rural Electrification Corp Ltd Aaa 0.37
Income Fund AAUM: ..................... Rs. 286 Crores (31/12/2010)

Minimum Investment . . . . Growth Option: Rs. 5,000
State Bank Of Hyderabad Aaa 0.23
& in multiples of Re.1 thereafter; Cash And Other Receivables 10.37

investment objective Monthly Dividend Plan: Rs 25,000 & in multiples of Grand Total 100.00
Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . .
The primary investment objective of the scheme is to
Qurterly Dividend Plan: Rs 10,000 & in multiples of
generate optimal returns consistent with moderate level
Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . .
of risk. This income may be complemented by capital Half Yearly Dividend Plan: Rs 5,000 & in multiples of NAV as on December 31, 2010 Rs
appreciation of the portfolio. Accordingly, investments Re.1 thereafter; . . . . . . . . . . . . . . . . . . . . . . . . . . . Reliance Income Fund-Growth Plan 31.8658
shall predominantly be made in Debt & Money Market Annual Dividend Plan: Rs 5,000 & in multiples of Re.1
Instruments Reliance Income Fund-Bonus Plan 15.0194
thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple Reliance Income Fund-Annual Dividend Plan 12.6718
Weighted Average YTM . . . . . . . . . . . . . . . . 7.38% Reliance Income Fund-Half-Yearly Dividend Plan 12.2422
Modified Duration . . . . . . . . . . . . . . . . . 2319 Days
Reliance Income Fund-Quarterly Dividend Plan 13.3168
Weighted Avg. Maturity . . . . . . . . . . . . . 4458 Days
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Reliance Income Fund-Monthly Dividend Plan 10.2392
Exit Load . . . . . . . . . . . (w.e.f. from 24th Aug 2009)
1% of the applicable NAV if redeemed or switched out Rating Profile
on or before completion of 30 days from the date of
Rating Weightage
allotment of units
There shall be no exit load after completion of 30 days SOV 78.68%
from the date of allotment of units A1+ 0.36%
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/
AAA 10.59%
be charged by the Scheme to the investor effective Cash & Other Receivables 10.37%
August 1, 2009. Upfront commission shall be paid Grand Total 100.00%
Distributors based on the investors’ assessment of
various factors including the service rendered by the PERFORMANCE OF RELIANCE INCOME FUND VS
distributor. CRISIL COMPOSITE BOND FUND INDEX AS ON
Benchmark . . . . . . Crisil Composite Bond Fund Index December 31, 2010
Portfolio of reliance Income Fund
As on December 31, 2010
6 months 1.65 1.88
Weight-
Holding Rating 1 Year 4.21 4.96
age(%)
Certificate Of Deposit 0.36 3 Years 7.94 5.81
5 Years 7.80 5.66
State Bank Of Mysore A1+ 0.36
Since Inception 9.35 N.A
Past performance may or may not be sustained
8.13% Goi 2022 (M/D 21/09/2022) Sovereign 18.47 in future. Returns are of Growth Plan. Returns less
than one year are absolute returns and returns of one
8.08% Goi (Md 02/08/2022) Sovereign 18.38
8.30% Goi (Md 02/07/2040) Sovereign 16.28 Calculations assume all payouts during the period have
8.26% Goi 2027 (Md 02/08/2027) Sovereign 10.93 prevailing NAV.
7.99% Goi (Md 09.07.2017) Sovereign 7.41 * N.A. denotes non-availability of suitable index at the
time of inception.
7.49% Goi 2017 (M/D. 16.04.2017) Sovereign 3.60
Special Feature
7.46% Goi 2017 (M/D. 28/8/2017) Sovereign 3.60
Dividend HIstory
Reliance Income Fund - Retail - Half Yearly
20-Sep-10 0.1789 12.2342 12.0449
Portfolio composition As On December 31, 2010 19-Mar-10 0.1595 12.2065 12.0233
22-Sep-09 0.3153 12.3467 12.0021
figures in % 19-Mar-09 0.7337 12.7144 11.9005
Reliance Income Fund - Retail - Monthly
20-Dec-10 0.0167 10.2317 10.2103
19-Nov-10 0.0527 10.2173 10.1677
19-Oct-10 0.0220 10.1898 10.1523
Reliance Income Fund - Retail - Quarterly
20-Dec-10 0.0439 13.3326 13.2794
21-Jun-10 0.1581 13.3143 13.1438
19-Mar-10 0.0758 13.1741 13.0863
Reliance Income Fund - Retail - Annualy
19-Mar-10 0.5941 12.9176 12.2381
19-Mar-09 1.2530 13.6323 12.2273
19-Mar-08 1.4189 13.6953 12.0146
"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."

Debt : Dynamic Fund Data Rating Profile
Rating Weightage
Type . . . . . . . . . . . . . . Open-ended Income Scheme
Date of Allotment . . . . . . . . . . . . . . . . 15/11/2004 SOV 70.61%
Reliance Inception Date . . . . . . . . . . . . . . . . . . 16/11/2004

AAUM: ..................... Rs. 375 Crores (31/12/2010)
Minimum Investment . . . . . Rs 5,000 & in multiples
A1+
PR1+
9.55%
0.63%
Dynamic Bond Fund of Re.1 thereafter

Fund Manager . . . . . . . . . . . . . . . . . Prashant Pimple
AAA
LAA+
10.71%
0.43%
(Formerly as Reliance NRI Income Fund)
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil AA(IND) 0.91%
Exit Load: (w.e.f 24th Aug 2009)
investment objective AA(IND)(SO) 0.26%
- 1% if the units are redeemed within 6 months .
from the date of allotment of units LAA 0.81%
The primary investment objective of the scheme is to - Nil if units are redeemed after 6 months from the CAREAA+ 0.52%
generate optimal returns consistent with moderate date of allotment of units Cash & Other Receivables 5.58%
levels of risk. This income may be complemented by Weighted Average YTM . . . . . . . . . . . . . . . . . 8.08%
Grand Total 100.00%
capital appreciation of the portfolio. Accordingly, Modified Duration . . . . . . . . . . . . . . . . . . 2035 Days
investments shall predominantly be made in Debt Weighted Avg. Maturity . . . . . . . . . . . . . . 3734 Days NAV as on December 31, 2010 Rs
Instruments *In terms of SEBI circular no. SEBI/IMD/CIR No.4/
Reliance Dynamic Bond Fund-Dividend Plan 12.6033
be charged by the Scheme to the investor effective Reliance Dynamic Bond Fund-Growth Plan 12.6018
PERFORMANCE OF RELIANCE INCOME FUND VS
CRISIL COMPOSITE BOND FUND INDEX AS ON
December 31, 2010
distributor Period Returns of Returns of
Benchmark . . . . . . Crisil Composite Bond Fund Index
6 months 2.53 1.88
Portfolio of reliance Dynamic Bond Fund 1 Year 5.96 4.96
As on December 31, 2010 3 Years 2.79 5.81
Weightage 5 Years 3.72 5.66

Holding Rating
(%) Since Inception 3.81 5.69
Certificate Of Deposit 9.91
State Bank Of Patiala A1+ 9.29 future. Returns are of Growth Plan. Returns less than
Andhra Bank Ltd Pr1+ 0.63 one year are absolute returns and returns of one year
and more are compounded annualized returns.
8.08% Goi (Md 02/08/2022) Sovereign 17.40 been reinvested in the units of the scheme at the
8.13%Goi2022(M/D21/09/2022) Sovereign 14.80 prevailing NAV.
8.30% Goi (Md 02/07/2040) Sovereign 11.86

7.49%Goi2017(M/D.16.04.2017) Sovereign 10.50
7.99% Goi (Md 09.07.2017) Sovereign 8.08
8.26%Goi2027(Md02/08/2027) Sovereign 7.96

Non Convertible Debentures. 13.47
Tata Motors Ltd. Aaa 7.28
Housing Development Finance Aaa 2.08
Cor Ltd
Reliance Capital Ltd. Aaa 1.35
Shriram Transport Finance Co Ltd. Aa(Ind) 0.91
Kotak Mahindra Prime Ltd. Laa 0.81
L&T Finance Ltd Careaa+ 0.52
Srei Equipment Finance Pvt Ltd Aa(Ind) 0.26
(So)
Zero Coupon Bonds. 0.43
Sundaram Finance Limited Laa+ 0.43
Grand Total 100.00
figures in %
Asset Allocation
Sector Weightage
Government Of India 70.61%
Banks 9.91%
Auto 7.28%
Finance 6.62%
Cash & Other Receivables 5.58%
Grand Total 100.00%

Debt : Gilt Fund Data NAV as on December 31, 2010 Rs
Reliance Type . . . . . . . . . . . . . .. An Open Ended Government Reliance Gilt Securities Fund-Retail Growth 12.0877
. . . . . . . . . . . . . . . . . . . . . . . . . . Securities Scheme Plan
Date of allotment . . . . . . . . . . . . . . July 10,2003 Reliance Gilt Securities Fund-Retail Dividend 10.0312
Gilt Securities Fund Inception Date . . . . . . . . . . . . . . . . . July 10,2003
AAUM: ..................... Rs. 74 Crores (31/12/2010)
Plan
Reliance Gilt Securities Fund-Retail 12.0877
Minimum Investment . . . . . . Retail Plan Rs 10,000
investment objective Automatic Capital App Plan
per plan per option . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . Institutional Plan : Rs 1 Cr per Reliance Gilt Securities Fund-Retail Defined 12.0877
The primary investment objective of the scheme is to plan per option . . . . . . . . . . . . . . . . . . . . . . . . . . . . Maturity Plan
generate optimal credit risk-free returns by investing in Fund Manager: . . . . . . . . . . . . . . . . Prashant Pimple Reliance Gilt Securities Fund-Retail 10.1317
a portfolio of securities issued and guaranteed by the Load Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . Entry Load* . Automatic Annual Reinvestment Plan
Central Government and State Government . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil
Reliance Gilt Securities Fund-Institutional 12.1064
Exit Load (w.e.f. August 24, 2009) . . . . . . . . . . . Nil
Growth Plan
Weighted Average YTM . . . . . . . . . . . . . . . . 7.63%
Reliance Gilt Securities Fund-Institutional 10.0333
Modified Duration . . . . . . . . . . . . . . . . . 2401 Days
Dividend Plan
Weighted Avg. Maturity . . . . . . . . . . . 4491 Days
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Reliance Gilt Securities Fund-Institutional 12.1064
168230/09 dated June 30, 2009, no entry load will be AutOmatic Capital App Plan
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 Rating Profile
investors' assessment of various factors including the
service rendered by the distributor. Rating Weightage
Benchmark . . . . . . . . . . . . . . . . . . . . . I-Sec Li-BEX SOV 87.92%
Portfolio of reliance Gilt Securities Fund
Cash & Other Receivables 12.08%
Grand Total 100.00%
Holding Rating Weightage
(%)
Govt Securities(Gse) 87.92 PERFORMANCE OF RELIANCE GILT SECURITIES

FUND - Retail - Growth VS I-SEC LI-BEX
8.08% Goi (Md 02/08/2022) Sovereign 31.03 INDEX as on December 31, 2010
8.13%Goi2022(M/D21/09/2022)Sovereign 18.71 Period Returns of Returns of
7.99% Goi (Md 09.07.2017) Sovereign 12.49 Scheme (%) Benchmark (%)
8.26%Goi2027(Md02/08/2027)Sovereign 12.30 6 months 1.45 2.36
8.30% Goi (Md 02/07/2040) Sovereign 12.21 1 Year 3.15 6.32
11.83% Goi M/D 12/11/2014 Sovereign 1.12 3 Years N.A N.A
10.95%Goi2011(Md(30.05.2011)Sovereign 0.04 5 Yrs N.A N.A
8.33% Goi 2036 (07/06/2036)Sovereign 0.02 Since Inception 8.20 12.69
State Government Of Uttar PradeshSovereign Past performance may or may not be sustained in
0.00
8.55% Sdl (Md 27/10/2020) future. Returns are of Retail Plan - Growth Plan.
Returns less than one year are absolute returns and
Cash And Other Receivables 12.08 returns of one year and more are compounded
Grand Total 100.00 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
Special Feature
Portfolio composition As On December 31, 2010 Dividend HISTORY

figures in % Reliance Gilt Securities Fund - Retail
27-Dec-10 0.0613 10.1003 10.0337
25-Nov-10 0.0492 10.0642 10.0233
25-May-10 0.0719 10.1296 10.0000
26-Apr-10 0.0195 10.0309 10.0280
25-Jan-10 0.0390 10.0445 10.0135
27-Apr-09 0.2628 10.9402 10.6373
28-Jan-09 0.0613 10.5098 10.4398
26-Dec-08 0.6462 11.8046 11.0669
25-Nov-08 0.0821 10.4811 10.4681
29-Oct-08 0.5473 10.9056 10.2808
25-Sep-08 0.0363 10.1237 10.0000
net of applicable statutory levy , any.
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. "

Debt: MIP Fund Data Graphite India Limited 0.39
Type...... Open-ended Fund. Monthly Income is not Axis Bank Limited 0.39
Reliance assured & is subject to the availability of distributable

surplus.
Madras Cements Limited
Punjab National Bank
0.38
0.37
Monthly Income Date of allotment . . . . . . . . . . . . . . . . 29/12/2003
Inception Date . . . . . . . . . . . . . . . . . . 13/01/2004 Abb Ltd 0.36
AAUM: ..................... Rs. 8322 Crores (31/12/2010) Hindustan Media Ventures Limited 0.35
Plan Minimum Investment (w.e.f. December 07, 2010):
For all plans & options Rs. 5000 & in multiples of Re.
Wipro Ltd. 0.33
1 thereafter Spicejet Limited 0.32
Fund Manager . . . . . . . Amit Tripathi , Ashwani Kumar Torrent Power Limited 0.31
The primary investment objective of the scheme is to Weighted Average YTM . . . . . . . . . . . . . . . . 6.99%
Jaiprakash Associates Ltd. 0.30
generate regular income in order to make regular Modified Duration . . . . . . . . . . . . . . . . . . 720 Days
Weighted Avg. Maturity . . . . . . . . . . . . . . 935 Days United Phosphorus Ltd. 0.29
dividend payments to unitholders and the secondary
objective is growth of capital Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Triveni Engeering & Industries Ltd. 0.26
Exit Load . . . . . . . . . . . . . (w.e.f 24th August 2009) Aventis Pharma Ltd. 0.23
- 1% if the units are redeemed/switched out on or
Orient Green Power Co Ltd 0.17
before completion of 1 year from the date of allotment
of units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Of Baroda 0.15
- There shall be no exit load after completion of 1 year Anant Raj Ind Ltd. 0.13
from the date of allotment of units . . . . . . . . . . . . .
Gujarat State Fertilizers & 0.13
*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ Chemicals Ltd.
be charged by the Scheme to the investor effective Jagran Prakashan Ltd 0.11
August 1, 2009. Upfront commission shall be paid Mahindra Forgings Limited 0.10
directly by the investor to the AMFI registered Sobha Developers Limited 0.06
Pvr Ltd. 0.05
distributor Swaraj Mazda Ltd. 0.04
Benchmark . . . . . . . . . . . . . Crisil MIP Blended Index Info Edge India Limited 0.02
Portfolio of Reliance MONTHLY INCOME PLAN Zee Learn Limited 0.01
As on December 31, 2010 Rating Weigh Automotive Axles Ltd. 0.01
tage(%)
Floating Rate Note 7.03
Certificate Of Deposit 19.70
Tata Steel Ltd. Aa(Ind) 3.74
ICICI Bank Ltd. A1+ 9.11
Power Finance Corporation Limited Aaa 2.27
State Bank Of Bikaner & Jaipur P1+ 4.28
Tata Sons Ltd. Aaa 0.91
IDBI Bank Ltd A1+ 2.10
Shriram Transport Finance Co Ltd. Aa(Ind) 0.11
8.08% Goi (Md 02/08/2022) Sovereign 3.74
State Bank Of Travancore A1+ 0.72
8.26%Goi2027(Md02/08/2027) Sovereign 3.35
State Bank Of Travancore P1+ 0.60
Punjab National Bank Pr1+ 0.55 7.99% Goi (Md 09.07.2017) Sovereign 2.85
Oriental Bank Of Commerce P1+ 0.54 8.13%Goi2022(M/D21/09/2022) Sovereign 2.85
Commercial Paper 1.65 8.30% Goi (Md 02/07/2040) Sovereign 1.79
Lic Housing Finance Ltd. P1+ 1.64 7.46%Goi2017(M/D.28/8/2017) Sovereign 1.33
Housing Development Finance A1+ 0.01 7.49%Goi2017(M/D.16.04.2017) Sovereign 0.61

Cor Ltd 7.17% Goi (Md 14/06/2015) Sovereign 0.33
Equity Shares 19.11 Non Convertible Debentures. 25.91
Maruti Suzuki India Ltd. 1.13 Lic Housing Finance Ltd. Aaa 4.64
Reliance Industries Ltd. 1.08 Cairn India Limited Careaaa 2.97
Oil & Natural Gas Corporation Ltd. 0.87 Lic Housing Finance Ltd. Careaaa 1.93
Bharat Petroleum Corporation Ltd. 0.85 Tata Power Co. Ltd. Aa 1.83
Tata Motors Ltd. 0.80 Tata Sons Ltd. Aaa 1.58
Siemens Ltd. 0.72 Tata Motors Ltd. Aaa 1.42
Coal India Ltd 0.71 Housing Development Finance Aaa 1.41
Tata Steel Ltd. 0.69 Cor Ltd
Skf India Ltd. 0.68 Citifinancial Consumer Finance Aa+ 1.40

India Limited
Hindustan Petroleum Corporation 0.66
Ltd. Reliance Utilities & Power Pvt.Ltd. Careaaa 1.13
Eicher Motors Ltd. 0.62 Small Industries Dev Bank Of India Aaa 1.12
Steel Authority Of India Ltd. 0.62 Indiabulls Financial Services Ltd Laa 1.01
Bharat Forge Ltd. 0.56 Infrastructure Development Aaa(Ind) 0.78

Finance Company Ltd.
Cipla Ltd. 0.56 Power Finance Corporation Limited Aaa 0.67
Talwalkars Better Value Fitness Ltd 0.53 Tata Motors Ltd. Laa- 0.63
ICICI Bank Ltd. 0.49 Rallis India Ltd. Aa 0.56
Glaxosmithkline Pharmaceuticals 0.48 Ashok Leyland Ltd. Aa- 0.54
Ltd.
Indian Hotels Company Ltd. Laa+ 0.42
HCL Technologies Ltd. Aa+ 0.28
HDFC Bank Ltd. 0.46
National Housing Bank Aaa(Ind)(So) 0.27
Va Tech Wabag 0.42
Sundaram Finance Limited Laa+ 0.24
Areva T & D India Ltd 0.40
Indian Railway Finance Corpn. Ltd. Aaa 0.22
contd...
Debt : MIP Tata Communications Limited Careaa+ 0.18 Rating Profile
Kotak Mahindra Prime Ltd. Laa 0.17 Rating Weightage
Reliance L&T Finance Ltd Careaa+ 0.13 Cash & Other Receivables
SOV
3.41%
16.86%
India Infoline Investment Serv Ltd Laa-(So) 0.12
Monthly Income Tata Capital Limited Laa+ 0.10 AAA 14.55%
A1+ 13.00%
Plan
Power Grid Corporation Ltd. Aaa 0.06
Ultratech Cements Ltd Aaa 0.06 P1+ 7.80%
Aditya Birla Nuvo Ltd. Laa+ 0.04 CAREAAA 6.03%
Pass Through Certificates 4.73 AA(IND) 3.86%
Tata Teleservices Limited Care A+ (So) 1.76 AAA(IND) 2.44%
Indian Inf Equip Rec Trust Aaa(Ind) 1.55 AA 2.39%
Aditya Birla Nuvo Ltd. Laa+(So) 1.30 AA+ 1.91%
Jet Airways (India) Ltd. Aaa(So) 0.09 CARE A+ (SO) 1.76%
Portfolio composition As On December 31, 2010 Tata Capital Limited Careaa+(So) 0.02 LAA+(SO) 1.30%
Warrants 0.50 LAA 1.19%
Housing Development Finance 0.50 LAA+ 0.81%
figures in %
Cor Ltd LAA- 0.63%
Zero Coupon Bonds. 1.10 CAREAA+ 0.61%
Lands End Properties Pvt. Ltd. Careaa+ 0.31 PR1+ 0.55%
Infrastructure Development Laaa 0.24 AA- 0.54%
Finance Company Ltd.
AAA(IND)(SO) 0.27%
Sundaram Finance Limited Aa+ 0.23
LAAA 0.24%
Housing Development Finance Aaa 0.21
Cor Ltd LAA-(SO) 0.12%
Infrastructure Development Aaa(Ind) 0.11 AAA(SO) 0.09%

Finance Company Ltd. CAREAA+(SO) 0.02%
Cash And Other Receivables 3.41 WARRANTS 0.50%
Grand Total 100.00 EQUITY SHARES 19.11%
Interest Rate Swap (Notional %) 1.70 Grand Total 100.00%
NAV as on December 31, 2010 Rs PERFORMANCE OF RELIANCE MIP VS CRISILMIP

BLENDED INDEX as on December 31, 2010
Reliance Monthly Income Plan 11.0836
-Monthly Dividend Plan Period Returns of Returns of
Reliance Monthly Income Plan 11.7617 Scheme (%) Benchmark (%)
-Quarterly Dividend Plan 6 months 4.72 3.89
Reliance Monthly Income Plan 21.7164 1 Year 8.74 7.00
-Growth Plan 3 Years 13.01 5.70
5 Years 12.47 7.90
prevailing NAV.
Special Feature
Dividend HISTORY
Date(DD/MM/YY) Dividend Per Unit Cum Dividend NAV EX Dividend NAV*
Reliance Monthly Income Plan - Monthly Dividend
20-Dec-10 0.0439 11.0813 11.0455
22-Nov-10 0.0615 11.1593 11.0661
20-Oct-10 0.0605 11.1876 11.1576
Reliance Monthly Income Plan - Quarterly Dividend
20-Dec-10 0.0264 11.7362 11.7213
20-Sep-10 0.1933 11.8985 11.6811
21-Jun-10 0.1757 11.6465 11.4377
net of applicable statutory levy, if any.
* NAV on the 1st transaction day after Record Date, which includes the mark to market impact also. "

Fund Data IDBI Bank Ltd 1.88
ETF Canara Bank 1.76
Type .. . . . Open-ended, exchange listed, index linked
Oriental Bank Of Commerce 1.20
scheme (tracking CNX Bank Index)
Reliance Date of allotment . . . . . . . . . . . . . . . June 19, 2008
Inception Date . . . . . . . . . . . . . . . . . June 24, 2008
Sub Total Of Equities
Cash And Other Receivables
99.29
0.71
Grand Total 100.00
Banking Exchange AAUM: ..................... Rs. 15 Crores (31/12/2010)
Minimum Investment On-going purchases directly from NAV AS ON DECEMBER 31,2010 Rs.
Traded Fund the Mutual Fund would be restricted to Authorised
Participants and Large Investors provided the value of Reliance Banking Exchange Traded Fund 1,206.6168
units to be purchased is in creation unit size. Authorised
investment objective Participants and Large Investors may buy the units on
any business day for the scheme directly from the Asset Allocation (%)
The investment objective of Reliance Banking Exchange Mutual Fund at applicable NAV and transaction charges, Equities 99.27
Traded Fund (RBETF) is to provide returns that, before if applicable, by transferring stocks or cash, value of
Cash and Other Receivables 0.71
expenses, closely correspond to the total returns of the which is equal to creation unit size. Each creation unit
securities as represented by the CNX Bank Index. consist of 10,000 units and cash component, if any, of
Volatility Measures:
However, the performance of Scheme may differ from Reliance Banking Exchange Traded Fund.
Beta: 0.2058
that of the underlying index due to tracking error. Fund Manager . . . . . . . . . . . . . . . . . . . . Krishan Daga
Standard Deviation: 6.0698
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil R Squared: 0.0027
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nil Sharpe Ratio: 0.1196
Exchange Listed . . . . . . . . . . . . . . . . . . . . . . . . NSE Portfolio Turnover Ratio: 0.18
NSE Symbol . . . . . . . . . . . . . . . . . . . . . . . RELBANK Note: The above measures have been calculated
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ by taking rolling return since inception with 7.00%
168230/09 dated June 30, 2009, no entry load will be Risk Free returns (takan as 91days T-bill yield as on
charged by the Scheme to the investor effective August 31/12/2010)
1, 2009. Upfront commission shall be paid directly by
the investor to the AMFI registered Distributors based on PERFORMANCE OF Banking Exchange Traded
the investors' assessment of various factors including the Fund vs cnx bank index as on December 31,
service rendered by the distributor. 2010
Benchmark . . . . . . . . . . . . . . . . . . . CNX Bank Index Period Returns of Returns of
Portfolio OF RELIANCE BANKING EXCHANGE 6 months 24.12 24.58
TRADED FUND
1 Year 31.13 30.59
Holding Weightage(%) 3 Years N.A N.A
Equities 5 Years N.A N.A
ICICI Bank Ltd. 32.31 Since Inception 36.70 35.43
HDFC Bank Ltd. 20.11
State Bank Of India 17.67 Past performance may or may not be sustained in
Axis Bank Limited 8.60 future. Returns are of Growth Plan. Returns less than
Kotak Mahindra Bank Ltd. 4.04 one year are absolute returns and returns of one year
Punjab National Bank 4.04
Bank Of Baroda 3.74 been reinvested in the units of the scheme at the
Bank Of India 2.03
prevailing NAV.
Union Bank Of India 1.91
ETF Type An open ended Gold ETF that tracks the domestic PORTFOLIO OF RELIANCE GOLD EXCHANGE
TRADED FUND
prices of gold through investments in physical gold
Reliance
Date of allotment . . . . . . . . . . November 21, 2007
Inception Date . . . . . . . . . . . . November 22, 2007 Holding Weightage(%)
Equities 99.51
AAUM: ..................... Rs. 341 Crores (31/12/2010)
Gold Exchange
GOLD
Minimum Investment. . . . On going purchase directly
GOLD 995 1KG BAR 99.51
from mutual fund would be available only to the
Cash and Other Receivables 0.49
Traded Fund Authorised Participants provided the value of units to
be purchased is in creation unit size. Authorised
Grand Total 100.00
Participants may buy the units on any business day for

Investment Objective: NAV as on December 31, 2010 Rs.
the scheme directly from the mutual fund at applicable
Reliance Gold Fund-Dividend Payout 1,952.7306
NAV and transaction charges, if applicable, by depositing
The investment objective is to seek to provide returns Gold or cash, value of which is equal to creation size.
that closely correspond to returns provided by price of Asset Allocation (%)
Each creation unit consists of 1000 units and cash
gold through investment in physical Gold (and Gold GOLD 99.51
components, if any, of Reliance Gold Exchange Traded
related securities as permitted by Regulators from time Cash and Other Receivables 0.49
Fund.
to time). However, performance of the scheme may
Exchange listed . . . . . . . . . . . . . . . . . . . . . . . . NSE PERFORMANCE OF RELIANCE GOLD EXCHANGE
differ from that of the domestic prices of Gold due to
expenses and or other related factors. NSE Symbol . . . . . . . . . . . . . . . . . . . . . . RELGOLD TRADED FUND-DIVIDEND PAYOUT OPTION VS GOLD
Fund Manager . . . . . . . . . . . . . . . . . Hiren Chandaria PRICE As On December 31, 2010
Entry Load* . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIL
Exit Load . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NIl Scheme (%) Benchmark (%)
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 6 months 8.46 9.01
charged by the Scheme to the investor effective August 1 Year 21.16 22.38
1, 2009. Upfront commission shall be paid directly by 3 Years 22.35 24.21
the investor to the AMFI registered Distributors based 5 Years N.A N.A
on the investors' assessment of various factors including
the service rendered by the distributor.
Benchmark . . . . . As there are no indices catering to Past performance may or may not be sustained in
the gold sector/securities linked to Gold, . . currently
GETF shall be benchmarked against the price of Gold.
prevailing NAV.

Equity Fund Management Team Since Oct 10 Reliance Any Time Money Card
Shrey Loonker Assistant Fund Over 6 years of
Name of the Experience in Total Experience Manager for experience in
Fund Manager managing the Reliance Banking finance and The facility of anytime withdrawal will be in addition to the physical mode
respective funds Fund since Sept 10 equity research of redemption presently available to the unit holders, in any other
Sunil Reliance Growth Over 19 Years of Viral Berawala Assistant Fund Over 11 years scheme/plan. Unitholders can opt for any of the redemption facility as per
Singhania Fund - Since experience, of Manager for of experience of his choice and convenience. One cash withdrawal and one balance enquiry
Dec 2003 which 13 years in Reliance Tax which 4 years in will be free every month on HDFC Bank ATMs only. Charges applicable on
Capital Markets Saver (ELSS) Fund equity research
Reliance Long subsequent transactions or balance enquiry. This card shall not be issued
& Reliance Equity
Term Equity to Minors, HUF, NRI, Pvt/Public Ltd Companies, Partnership Firms,
Fund - Since
Opportunities Fund
Proprietorship Firms, Trusts and any other category of investors as defined
Dec 2006
since Sep 2010
Reliance Samir Rachh Assistant Fund Over 12 years of in the offer document.
Diversified Manager for experience in

Power Sector Reliance Long equity research
Fund - Since Term Equity Fund
May 2004 since Sep 2010
Reliance
Banking Debt Fund Management Team
Fund - Since
May 2003 Name of the Experience in Total Experience
Reliance Small Cap Fund Fund Manager managing the
Since Sept 10 respective funds
Ashwani Over 15 years of Mr. Amitabh Over 11 and half
Reliance Vision
Kumar experience in Mohanty years experience
Fund - Since
equity research in Fixed Income
June 2003
& 5 years Function
Reliance Tax
Saver (ELSS) of experience Mr. Amit Reliance Liquidity Over 7 years
Fund- Since in managing Tripathi Fund- Since experience in
Sept 2005 equity portfolios June 05 managing Fixed
Reliance Equity & fund Reliance Floating Income portfolios
Advantage management Rate Fund –
Fund - Since Since Oct 07
Aug 2007 Reliance Liquid
Reliance Monthly Fund – Cash Plan –
Income Plan - Since Oct 2003
Since Jan 2004 Reliance Income
Fund – From Oct 07
Sailesh Reliance Equity Over 12 years to Sept 08
Raj Bhan Opportunities experience in Reliance Money Manager
Fund- Since Equity Securities Fund –
March 2005 research, analysis Since March 07
Reliance Equity and fund Reliance Monthly
Advantage management Income Plan-
Fund- Since Since Oct 08
Aug 2007 Reliance Medium
Reliance Pharma Term Fund-
June 2004 Reliance Regular Savings Fund -
Reliance Media Debt Option Since Aug 2010
& Entertainment Ms. Anju Reliance Money Over 9 years
Fund- Since Chhajer Manager Fund experience in
Oct 2004 Since Oct 2009 managing Fixed
Reliance Equity Reliance Medium Income
Linked Saving Term Fund - Since portfolios
Fund - Series 1- October 2009
Since March 2008 Reliance Liquidity
Fund - Since
Omprakash Reliance NRI Over 18 years of
October 2009
S. Kuckian Equity Fund- experience of
Reliance Dual
Since November which 3 years of Advantage Fixed
2004 managing Tenure Fund -
Reliance Regular investments in Plan A-Since
Savings Fund- equities May 2010
Equity option -
Mr. Hiren Reliance Gold ETF Over 3 years exp
Since Oct 2007
Chandaria - Since May 2008 in commodity -
Reliance Regular
analysis, advisory,
Savings Fund-
dealing and
Balanced option-
trading
Since Oct 2007
Reliance Equity Mr. Prashant Reliance NRI Income Over 7 years
Fund-Since Pimple Fund- Since experience in
Aug 31, 2009 Oct 2008 managing
Shiv Dedicated Fund Over 7 years of Reliance Income fixed income
Chanani Manager for experience in Fund- Since securities.
overseas Equity Securities Oct 2008
investments research and Reliance Gilt
Securities Fund-
analysisDe
Since Oct 2008
Krishan Daga Reliance Quant Over 16 years of Reliance Short
Plus Fund - experience, of Term Fund-
Since July 2008 which 13 years in Since Oct 2008
Reliance Banking Equity Research Reliance Liquid Fund-
Exchange Traded Treasury Plan-
June 2008 Reliance Regular Savings Fund -
Reliance Index Fund Debt Option Since Aug 2010
Nifty Plan & Reliance
Index Fund Sensex Plan
Since Oct 10
Reliance Arbitrage
Advantage Fund
Fundamentals Jan 2011 37
SnapShot
equity
Features/ Reliance Reliance Reliance Equity Reliance Quant Plus Fund# Reliance Equity Linked
Scheme Growth Fund Vision Fund Opportunities Fund Saving Fund-Series I
Type An open ended An open ended An open ended diversified equity An open ended equity scheme 10 Year close ended equity linked
equity growth scheme equity growth scheme scheme saving scheme
Inception Date October 8, 1995 October 8, 1995 March 31, 2005 April 18, 2008 April 1, 2008
The primary investment objective of The investment objective of the

the scheme is to seek to generate scheme is to generate capital
capital appreciation & provide long- appreciation through investment in The primary investment objective of
The primary investment objective of The primary investment objective of term growth opportunities by investing equity and equity related instruments. the scheme is to generate long term
Investment the scheme is to achieve long term the scheme is to achieve long-term in a portfolio constituted of equity The scheme will seek to generate capital appreciation from a portfolio
objective growth of capital by investing in growth of capital by investing in securities & equity related securities capital appreciation by investing in an that is invested predominantly in
equity and equity related securities equity and equity related securities and the secondary objective is to active portfolio of stocks selected equities along with income tax
through a research based investment through a research based investment generate consistent returns by from S&P CNX Nifty on the basis of a benefit.
approach. approach investing in debt and money market mathematical model.
securities.
Equity & Equity Related Instruments-

75%-100% & Debt & Money Market
Equity & Equity Related Instruments Instruments* 0% - 25% (*including Equity & Equity Related Instruments-
Equity & Equity Related Instruments 60% - 100% & Debt Instruments upto 25% of the corpus in securitised 90%-100% & Debt & Money Market Equity-80%-100% & Debt & Money
Asset 65%-100% & Debt & Money 0% - 30% & Money Market Debt). An overall limit of 50% of the Instruments - 0%-10% Market Instruments- 0% - 20%
Allocation Market Instrument 0% - 35% Instruments 0% - 10% portfolio value (i.e. net assets
including cash) has been introduced
for the purpose of equity derivatives in
the scheme.
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
Entry Load
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
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
Exit Load allotment of units.
Choice of Plans 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
and Options Option & Dividend Reinvestment Option) Plan (Dividend Payout Option)
Sailesh Raj Bhan & Viral Berawala

Fund Manager Sunil Singhania Ashwani Kumar (Assistant Fund Manager) Sailesh Raj Bhan
Krishan Daga
Benchmark BSE 100 BSE 100 BSE 100 S&P CNX Nifty BSE 100
Minimum Application Rs 500 & in multiples of Rs 500

Amount Retail Plan: Rs.5000 & in multiples of Re 1 thereafter Institutional Plan: Rs.5 crore & in multiples of Re 1 thereafter thereafter
SIP (only under Retail Plan) (only under Retail Plan) (only under Retail Plan) (only under Retail Plan)
STP (only under Retail Plan) (only under Retail Plan) (only under Retail Plan) (only under Retail Plan) (Available during specified redemption period)
SWP (both Retail and Institutional Plan) (both Retail and Institutional Plans) (both Retail and Institutional Plan) (both Retail and Institutional Plan) (Aailable during specified redemption period)

Reliance Regular Savings Reliance Regular Reliance NRI Reliance Tax Saver Reliance Natural
Fund-Equity Option Savings Fund - Balanced Option** Equity Fund (ELSS) Fund Resources Fund
An open ended scheme An open ended scheme An open ended diversified equity scheme An open ended equity linked An open ended equity scheme
savings 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 The primary investment objective of this The primary investment objective of the The primary objective of the scheme is to scheme is to seek to generate capital
this option is to seek capital option is to generate consistent return and scheme is to generate optimal returns by generate long-term capital appreciation appreciation and provide long term growth
appreciation and/or to generate appreciation of capital by invseting in a mix investing in equity and equity related from a portfolio that is invested opportunities by investing in companies
consistent returns by actively investing of securities comprising of equity, equity instruments primarily drawn from the predominantly in equity and equity related principally engaged in the discovery,
in Equity & Equity-related Securities. related instruments and fixed income Companies in the BSE 200 Index. instruments development, production or distribution of
instruments. natural resources and the secondary
objective is to generate consistent returns by
investing in debt and money market
securities.
Equity & Equity Related Instruments Equity and Equity related Securities of
(primarily drawn from the Companies in companies principally engaged in the
discovery, development, production or
the BSE 200 index. The Scheme may
distribution of natural resources in: 65%-
also invest in listed companies that are in
100% ( Domestic Companies 65% -100
the top 200 by market capitalization on %, Foreign Companies as permitted by
the BSE and/or in large IPO's where the SEBI/RBI from time to time 0 %-35 %);
Equity and Equity related securities Equity and Equity Related Instruments-
market capitalization of the Company Debt and Money market securities (including
80%-100% and Debt and Money 50%-75%,Debt & Money Market Equity and Equity related securities 80%- investments in securitised debt*):-
making the IPO based on the Issue price
Market Instruments with an average instruments-25%-50% would make such company to be apart 100% and Debt and Money Market 0%-35% # including investments in ADRs/
maturity of 5-10 yrs -0%-20% of the top 200 companies listed on the Instrument 0% - 20% GDRs/Foreign Securities/Overseas ETFs and
any other instruments as may be permitted
BSE based on market capitalization.) -
by SEBI/RBI upto 35%of the net assets of
65% -100% & *Debt & Money Market the scheme, exposure in derivatives upto a
Instruments 0% -35% (*including upto maximum of 100% of the portfolio value.
35% of the corpus in securitised Debt) * including securitised debt upto 35%
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
Retail Plan & Institutional Plan ¥ 1% if

redeemed or switched out on or before
1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. Nil if redeemed or completion of 1 year from the date of
Nil (Lock in Period of 3 years)
switched out after the completion of 1 year from the date of allotment of units. allotment of units. ¥ Nil if redeemed or
switched out after the completion of 1 year
from the date of allotment of units
Growth Plan & Dividend Plan (Dividend Growth Plan (Growth Option, Bonus Option) Growth Plan (Growth Option) & Dividend Retail and Institutional Plan: Growth Plan (Growth
Growth Plan & Dividend Plan (Dividend Payout
Payout Option & Dividend Reinvestment & Dividend Plan ( Dividend Payout Option & Plan (Dividend Payout Option & Dividend Option and Bonus Option) & Dividend Plan (Dividend
Option) Option & Dividend Reinvestment Option) Dividend Reinvestment Option) Reinvestment Option) Payout Option and Dividend Reinvestment Option)
Ashwani Kumar & Viral Berawala

Omprakash Kuckian Amit Tripathi & Omprakash Kuckian Om Prakash Kuckian (Assistant Fund Manager) Ashwani Kumar
#Crisil Balanced Fund Index

#Benchmark of Reliance Regular Savings A custom benchmark created using the
BSE-100 Fund Balanced Option has been changed to BSE 200 BSE 100 BSE-200 to the extent of 65% of portfolio
Crisil Balanced Fund Index from Crisil MIP and MSCI World Energy Index for balance
Index with effect from 21st Feb-07 35% of the portfolio.
Rs. 500 & in multiples of Rs. 500 & in multiples of Rs 5000 and in multiples of Re 1 Rs. 500 & in multiples of Retail Plan: Rs 5000 per plan per option & in
multiples of Re 1 thereafter Institutional Plan:
Re. 1 thereafter Re. 1 thereafter thereafter Rs. 500 thereafter
Rs.5 crores & in multiples of Re 1 thereafter
; ; ; ; (Subject to 3 yrs Lock-in ) ; (Only under Retail Plan)

; ; _ ; (Subject to 3 yrs Lock-in ) ; (Only under Retail Plan)
; ; ; ;(Subject to 3 yrs Lock-in ) ;(under both Retail and Institutional Plan)
**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.
Fundamentals Jan2011 39
SnapShot
equity
Features/ Reliance Reliance Equity Reliance Infrastructure Reliance Long-Term
Scheme Equity Fund Advanatge Fund Fund Equity Fund
Type An open ended diversified equity scheme An open ended diversified An open ended diversified An open ended diversified
equity scheme equity scheme equity scheme
Inception Date March 30, 2006 August 9, 2007 July 20, 2009 December 27, 2006
The primary investment objective of the scheme The primary investment objective of the fund is The primary investment objective of the scheme
is to seek to generate capital appreciation & 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 provide long term growth opportunities by investing predominantly in equity ang equity scheme is to seek to generate long term
Investment investing in a portfolio constituted of equity & investing in a portfolio predominanatly of equity related instruments of companies engaged in capital appreciation & provide long-term
objective equity related securities of top 100 companies and equity related instruments with investments infrastructure and infrastructure related sectors growth opportunities by investing in a
by market capitalization & of companies which generally in S&P CNX Nifty stocks and the and which are incorporated or have their area of portfolio constituted of equity & equity related
are available in the derivatives segment from secondary objective is to generate consistent primary activity, in India and the secondary securities and Derivatives and the secondary
time to time and the secondary objective is to returns by investing in debt and money market objective is to generate consistent returns by objective is to generate consistent returns by
generate consistent returns by investing in debt securities. investing in debt & money market securities investing in debt and money market securities.
and money market securities.
Equity and equity related securities 70%

-100%, Debt and money market securities Equities and equity related securities including
(including investments in securitised debt*) 0% derivatives engaged in infrastructure sectors and Equity and equity related securities
-30%.* Including upto 25% of the corpus in infrastructure related sectors #: 65%-100%. Instruments 70% -100%, Debt and money
Equity and Equity related securities 75% securitised debt.(An overall limit of 100% of the Debt and Money market securities** (including market securities (including investments in
Asset -100% and Debt and Money Market portfolio value has been introduced for the investments in securitised debt): 0% - 35%. ** securitised debt) instruments 0%-30%. ( An
Allocation Instrument 0% - 25%. (An overall limit of purpose of equity derivatives in the scheme, including securitised debt upto 30%. #Atleast overall limit of 100% of the portfolio value
100% of the portfolio value (i.e. net assets however the same is the notional value and it 65% of investment would be made in equity / has been introduced for the purpose of equity
including cash) has been introduced for the will be seen that, the notional value of the net equity related securities of companies engaged derivatives in the scheme)
purpose of equity derivatives in the schemes) exposure to the derivatives will not exceed the in infrastructure sectors and infrastructure related
fund corpus at any point of time. Notional value sectors.
shall mean value of Future or notional value of
Option)
Since it is a close ended scheme, for

subscription at the time of NFO N.A. On
Entry Load Retail Plan: For Subscription below Rs 2 crores- ongoing basis on maturity of the scheme
2.25%,
Nil InFor subscription
terms of Rs 2no.
of SEBI circular crore & above
SEBI/IMD/CIR No.4/ 168230/09 dated
Retail Plan: June 30, 2009, no entry load will be
2.25% charged
Retail Plan:by the Scheme to the investor
2.25% when effective Augustautomatically
it is converted 1, 2009. Upfront
into an
but below Rs 5 Crores-
commission shall be1.25%, For subscriptions
paid directly Institutional
by the investor to the AMFI registeredPlan: Nil
Distributors based on the investors' Institutional
assessment ofPlan: Nil factors includingopen
various ended scheme:For
the service rendered bySubscription below
the distributor
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
Exit Load 1% if redeemed/switched out on or before

Retail Plan & Institutional Plan 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units. completion of 1 year from the date of allotment
Nil if redeemed or switched out after the completion of 1 year from the date of allotment of units of units
Nil if redeemed/switched after completion of
1year from the date of allotment of units
Choice of Plans and The schemes Offers two plans, Retail Plan and
Options Under Retail and Institutional Plan there are two options: Growth Plan (Growth Option Institutional Plan. Each Plan has the following : Growth Plan (Growth Option) & Dividend Plan
& Bonus Option) & Dividend Plan (Dividend Payout Option & Dividend Growth Plan (Growth Option & Bonus Option) & (Dividend Payout Option & Dividend
Reinvestment Option) Dividend Plan (Dividend Payout Option & Reinvestment Option)
Dividend Reinvestment Option)
Fund Manager Omprakash Kuckian Ashwani Kumar & Sailesh Raj Bhan Sunil Singhania Sunil Singhania & Samir Rachh (Assistant Fund
Manager w.e.f. September 01, 2010)
Benchmark S&P CNX Nifty S&P CNX Nifty BSE 100 BSE 200
Minimum Application "Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter under each option, Institutional Plan: Rs. 5 crores in multiples of Re. 1
Amount thereafter under each option Rs. 5000 and in multiples of Re 1 thereafter
under each plan
SIP (only under Retail Plan) (only under Retail Plan)
STP (only under Retail Plan) (only under Retail Plan)
SWP
(under both Retail and Institutional Plans) (under both Retail and Institutional Plans)

Reliance Reliance Diversified Reliance Media & Reliance
Banking Fund Power Sector Fund Entertainment Fund Pharma Fund
An open ended banking sector scheme An open ended power sector scheme An open ended media & entertainment sector An open ended
scheme pharma sector scheme
May 28, 2003 May 10, 2004 October 7, 2004 June 8, 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% &

Equity & Equity Related Instruments- 0% (Minimum) - 80% (Most Likely) -100% (Maximum) & Debt & Money Market Instruments with Average Maturity of
Debt & Money Market Instruments: 0%-100%
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
1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units.
from the date of allotment of units. ¥ Nil if redeemed or switched out after the completion of 1 year from
Nil if redeemed or switched out after completion of 1 year from the date of allotment of units
the date of allotment of units
Under Retail and Institutional Plan there are two options: Growth Plan (Growth Option & Bonus Option) & Dividend Growth Plan (Growth Option & Bonus Option) & Dividend Plan (Dividend Payout Option & Dividend
Plan (Dividend Payout Option & Dividend Reinvestment Option) Reinvestment Option)
Sunil Singhania & Shrey Loonker (Assistant Fund Manager Sunil Singhania Sailesh Raj Bhan Sailesh Raj Bhan
w.e.f. September 01, 2010)
S&P CNX Banks Index India Power Index S&P CNX Media & Entertainment Index BSE Healthcare Index
Rs 5000 per plan per option and in multiples of Re Rs 5000 and in multiples of Re 1 thereafter
Retail Plan: Rs 5000 and in multiples of Re. 1 thereafter, Institutional Plan: Rs. 5 crore in multiples of
1 thereafter
Re. 1 thereafter
; (only under Retail Plan) ; (only under Retail Plan) ; ;
; (only under Retail Plan) ; (only under Retail Plan) ; ;
; (Both Retail & Institutional Plan) ; (Both Retail & Institutional Plan) ; ;

SnapShot
debt
Features/ Reliance Medium-Term Fund Reliance Money Manager Fund Reliance Regular Savings Fund Reliance Monthly
Scheme -Debt Option Income Plan
An open ended income scheme with no An open ended fund. Monthly Income is not
Type assured returns An open ended income scheme An open ended scheme assured & is subject to the availability of
distributable surplus
Inception Date September 25, 2000 March 21, 2007 June 9, 2005 January 13, 2004
The primary investment objective of this

The primary investment objective of the The investment objective of the Scheme is to option is to generate optimal returns The primary investment objective of the scheme is
Investment scheme is to generate regular income in generate optimal returns consistent with consistent with a moderate level of risk. to generate regular income in order to make regular
objective order to make regular dividend payments to moderate levels of risk and liquidity by investing This income may be complemented by dividend payments to unitholders and the secondary
unitholders and the secondary objective is in debt securities and money market securities capital appreciation of the portfolio. objective is growth of capital
growth of capital. Accordingly, investments will
predominantly be made in Debt & Money
Market Instruments.
Money Market Instruments/Short Term debt Debt* Instruments including Government

Instruments/Floating Rate Notes with maturity/ Securities, Corporate Debt, Other debt Debt Instruments( including securitised
interest rate reset period not exceeding 3 instruments and Money Market Instruments with debt) with maturity of more than 1 year
Asset months: 0% - 80%, Money Market average maturity less than equal to 12 months- 65% -100% & Money Market Equity and Equity related Securities-0%-20%,
Allocation Instruments (CPs, T-Bills, CDs) and/or other 0% - 100%,Debt* Instruments including Instruments (including cash/ Call Money Fixed Income Securities 80% - 100% (Securitised
Short Term debt instruments (Floating Rate Government Securities, Corporate Debt and other & Reverse Repo) and Debentures with debt upto 25% of the corpus)
Notes, Short Tenor NCDs, Securitized debt) and debt Instruments with average maturity greater maturity of less than 1 year( Securitised
any other instrument with maturity/interest rate than 12 months- 0% - 50% (*Securitised debt debt will be a part of the debt securities,
reset period of more than 3 months: 20% - upto 60% of the corpus) upto 25% of the corpus) - 0% -35%
100%. w.e.f. September 19, 2009
Nil Nil Nil Nil
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
Under both Retail and Institutional Plan : 1% if the units are redeemed/switched out on or
2%, if redeemed/switched out on or before completion of 1year from the date of
Exit Load Nil Under Retail and Institutional Plan: Nil before completion of 1 year. Nil, if allotment of units. There shall be no exit load after
completion of 1year from the date of allotment of
redeemed/switched out after completion
units.
of 1 year.
For Retail and Institutional Plan: Growth Option,

Bonus Option, Dividend Option (Dividend
Growth Plan (Growth Option) & Dividend Reinvestment Option- (Daily Dividend Under Retail Plan and Institutional Plan: Growth Plan & Dividend Option (Dividend Payout
Choice of Plans and Plan (Dividend Payout Option & Dividend Reinvestment , Weekly Dividend Reinvestment , Growth Plan & Dividend Plan (Dividend Option & Dividend Reinvestment Option)
Options Reinvestment Option) Monthly Dividend Reinvestment, Quarterly Payout Option & Dividend Reinvestment
Dividend Reinvestment), Dividend Payout Option- Option)
(Monthly Dividend Payout, Quarterly Dividend
Payout)
For both Dividend Payout & Reinvestment Daily(reinvestment option),Weekly(reinvestment
Dividend Frequencies option - Weekly, Monthly & Quarterly. For option), under Monthly & Quarterly (both NA Monthly & Quarterly for both the options
Dividend Reinvestment Option only - Daily reinvestment option & payout option)
Dividend Periodicity$ – – 21st of the last month of each calendar —
quarter
Weekly Tuesday Every Friday - —
Monthly 20th 19th - 20th
Quarterly 20th of last month of each 19th - 20th of last month of each calendar quarter
calendar quarter
Half yearly — – - —
Annual — - - —
Fund Manager Amit Tripathi & Anju Chhajer Amit Tripathi & Anju Chhajer Prashant Pimple Amit Tripathi & Ashwani Kumar
Benchmark
Crisil Short Term Bond Fund Index Crisil Liquid Fund Index Crisil Composite Bond Fund Index Crisil MIP Blended Index
For Retail Plan (All Options) - 1 lakh and in Retail Plan: Rs. 500 per option & in For all Plans & Options Rs 5000 & in multiples
Minimum Application Rs. 5,000 multiples of Re 1 thereafter, For Institutional Plan multiples of Re. 1 thereafter. Institutional of Rs 1 thereafter
Amount (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.
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.

Reliance Reliance Short Term Fund # Reliance Gilt Securities Fund Reliance Dynamic Bond Fund
Income Fund
An open ended income scheme An open ended income scheme An open ended government securities scheme An open ended income 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 stable returns for investors with a short generate optimal credit risk-free returns by investing generate optimal returns consistent with moderate
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, securitites of a short term maturity the Central Government and State Government capital appreciation of the portfolio. Accordingly,
investments shall predominantly be made in Debt & investments shall predominantly be made in Debt &
Money Market Instruments money market Instruments
Debt & Money market instruments with average

Debt Instruments 50% - 100%, Money Market maturity upto 1 year:- 60% - 100%; Debt Gilts 70% - 100%, Money Market Instruments 0% Debt instruments -0% - 100%. *Investment in
Instruments 0% - 50% instruments with average maturity greater than a year - 30% securitised debts upto 40% may be undertaken.
and normally upto 7 years depending upon
availability:- 0% - 40%
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 1.00%, if the units are redeemed within 6 months
from the date of allotment of units. There shall be
Nil Retail Plan & Institutional Plan: Nil from the date of allotment of units. Nil, if units are
no exit load after completion of 30 days from the
redeemed after six months from the date of allotment
date of allotment of units.
of units
Under Retail Plan: Growth Plan (Growth Option, Growth Plan (Growth Option) & Dividend Plan Growth Option , Dividend Plan (Dividend Payout Growth Plan (Growth Option) & Dividend Plan
Bonus Option) & Dividend Plan (Dividend Payout (Dividend Payout Option & Dividend Reinvestment Option & Dividend Reinvestment Option) & Provident (Dividend Payout Option & Dividend Reinvestment
Option & Dividend Reinvestment Option) Option) Fund (PF) Option (ACAPO,DMDO,AARO).## Option)
Monthly, Quarterly, Half Yearly, Annual for both

options Monthly & Quarterly for both options Monthly -
— — – –
— — - -
19th 25th 25th -
19th of last month of each 19th of last month of each - -
calendar quarter calendar quarter
19th of last month of each calander — - -
half year
19th March — - -
Prashant Pimple Prashant Pimple Prashant Pimple Prashant Pimple
Crisil Composite Bond Fund Index Crisil Liquid Fund Index I Sec - Li Bex 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 Rs. 5,000 and in multiples of Re 1 thereafter Retail: Rs. 10,000 Institutional Plan: Rs. 1 crore Rs. 5,000 and in multiples of Re 1 thereafter
Dividend Plan: Rs 5,000 and in multiples of Re 1
thereafter.
(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.

SnapShot
debt
Features/ Reliance Liquid Fund-Cash Plan@ Reliance Liquid Fund-Treasury Plan Reliance Liquidity Fund Reliance Floating Rate Fund - Short Term Plan
Scheme
Type An open ended liquid scheme An open ended liquid scheme An open ended liquid scheme An open ended income Scheme
Inception Date December 7, 2001 March 23, 1998 June 16, 2005 September 2, 2004
The primary investment objective of the scheme is

to generate regular income through investment in a
The investment objective of the scheme is to The primary investment objective of the The investment objective of the Scheme is to portfolio comprising substantially of Floating Rate
generate optimal returns consistent with scheme is to generate optimal returns generate optimal returns consistent with Debt Securities (including floating rate securitised
Investment objective moderate levels of risk and high liquidity. consistent with moderate levels of risk and moderate levels of risk and high liquidity. debt, Money Market Instruments and Fixed Rate
Accordingly, investments shall predominantly high liquidity. Accordingly, investments shall Accordingly, investments shall predominantly be Debt Instruments swapped for floating rate returns)
be made in Debt and Money Market predominantly be made in Debt and Money made in Debt and Money Market Instruments. The scheme shall also invest in Fixed Rate Debt
Instruments Market Instruments Securities (including fixed rate securitised debt,
Money Market Instruments and Floating Rate Debt
Instruments swapped for fixed returns).
Fixed Rate Debt Securities (including securitized

Money Market Instruments - 80% - 100%, debt, Money Market Instruments & Floating Rate
Debt Instruments - 0%-20% (Corporate Debt,
Repo and Reverse Repo 0% - 35%,Money Debt Instruments swapped for fixed rate
Financial Institutions & Banking Sector Bonds,
Public Sector Bonds, Government Guaranteed Call Money/Cash/Repo and Reverse Repo 0% Market Instruments (Mibor linked instruments, returns):- 0% - 75%. Money market instruments
Asset Bonds & related instruments) - 50%,Money Market Instruments (Mibor CPs, T-Bills, CDs) and/or other Short Term and Floating Rate Debt Securities (including
Allocation linked instruments, CPs, T-Bills, CDs and/or instruments (Floating Rate Notes, Short Tenor floating rate securitised debt & Fixed rate debt
other Short Term papers) 0% - 95% NCDs, PTCs) and/or Less than 1 year maturity instruments & Floating Rate Debt Instruments
Gsecs- 65% -100% swapped for Fixed Rate returns) with tenure
. exceeding 3 months upto a maturity of 3 years:-
25% - 100%
Entry Load Nilcircular no. SEBI/IMD/CIR No.4/ 168230/09

Nil In terms of SEBI Nil
Nildated June 30, 2009, no entry load will be charged Nil 1, 2009. Upfront
by the Scheme to the investor effective August
0.25%, if the units are redeemed within 1

Exit Load Nil Nil Nil months from the date of allotment (w.e.f. June 3,
2010). Nil thereafter
Under Retail Plan & Institutional Plan: Growth Growth Option, Bonus Option & Dividend Growth Plan (Growth Option) & Dividend Plan
Choice of Plans and Growth Option (Growth Option) & Dividend Option & Dividend Option (Dividend Payout Option (Dividend Payout Option & Dividend (Dividend Payout Option & Dividend Reinvestment
Options Option (Dividend Reinvestment & Dividend Option & Dividend Reinvestment Option) Reinvestment Option) Option)
Payout Option)
Daily (Dividend Reinvestment),Weekly Daily (Dividend Reinvestment),Weekly Daily(Dividend Reinvestment),Weekly(Dividend

Dividend Frequencies (Dividend Reinvestment), Under Monthly & (Dividend Reinvestment), Under Monthly & Reinvestment), Under Monthly & Quarterly Under Payout Option (Weekly, Monthly,
Quarterly options (both dividend reinvestment Quarterly options (both dividend reinvestment options (both dividend reinvestment & dividend Quarterly), Under Reinvestment Option (Daily,
& dividend payout)
& dividend payout) payout) weekly, Monthly, Quarterly)
Dividend Periodicity$ – – – –
Weekly Every Friday Every Friday Every Friday Every Tuesday
Monthly 25th 25th 25th 19th
Quarterly 19th 19th 19th 19th
Half yearly - - - —
Annual - - - —
Fund Manager Amit Tripathi Prashant Pimple Amit Tripathi & Anju Chhajer Amit Tripathi
Benchmark Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index
Retail Plan: Rs. 5,000 and in multiples of Re 1

Minimum Application Rs. 5,000 and in multiples of Re 1 thereafter Institutional Plan: Rs. 1,00,00,000 Rs 5 Crore and in multiples of Re 1 thereafter Rs. 5,000 and in multiples of Re 1 thereafter
Amount thereafter and in multiples of Re 1 thereafter
SIP (Retail Plan)
STP
SWP (Retail Plan)
$ 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.
@ The fundamental attributes of Reliance Liquid Fund – Cash Plan will 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

SnapShot
ETF
Reliance Gold Exchange Reliance Banking Exchange
Traded Fund Traded Fund
An open ended gold exchange traded fund An open ended, exchange listed, index linked scheme (tracking CNX Bank Index).
November 22, 2007 June 24, 2008
The investement objective is to seek to provide returns that closely correspond to returns provided by price The investment objective of Reliance Banking Exchange Traded Fund (RBETF) is to provide returns that,
of Gold through investment in physical Gold (and Gold related securities as permitted by Regulators from before expenses, closely correspond to the total returns of the securities as represented by the CNX Bank
time to time). However, the performance of the scheme may differ from that of the domestic prices of Index. However, the performance of Scheme may differ from that of the underlying index due to tracking
Gold due to expenses and or other related factors. However, there can be no assurance that the error. There can be no assurance or guarantee that the investment objective of the scheme will be achieved.
investment objective of the scheme will be achieved.
Physical Gold or Gold related Instruments as permitted by regulators from time to time^-90-100%, Securities covered by the CNX Bank Index- 90-100%;
Money Market Instrument, Bonds, Debentures, Government Securities including T-Bills, Securitised Debt** Money Market instruments including CBLO- 0-10%
& other debt securities as permitted by regulators from time to time-0-10%(** upto 10% in securitised
debt)
Nil In terms of SEBI circular no. SEBI/IMD/CIR No.4/Nil 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective NilAugust 1, 2009. Upfront commission shall be paid
Nil Nil
Dividend Pay out option —
NA
NA
NA NA
NA NA
NA NA
NA NA
NA NA
NA NA
Hiren Chandaria Krishan Daga
As there are no indices catering to gold sectors/securities linked to Gold, currently GETF shall be benchmarked against the price of Gold CNX Bank Index
On going purchase directly from mutual fund would be available only to the Authorised Participants provided the On going purchases directly from the Mutual Fund would be restricted to Authorised Participants and Large Investors
value of units to be purchased is in creation unit size. Authorised Participants may buy the units on any business provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may
day for the scheme directly from the mutual fund at applicable NAV and transaction charges, if applicable, by buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction
depositing Gold or cash, value of which is equal to creation size. Each creation unit consists of 1000 units and charges, if applicable, by transfering stocks or cash, value of which is equal to creation unit size. Each creation unit
cash components, if any, of Reliance Gold Exchange Traded Fund. The minimum number of units that can be consist of 10,000 units and cash component, if any, of Reliance Banking Exchange Traded Fund. On ongoing basis
bought or sold through the stock exchange is 1 (one) unit. for all category of investors, they can purchase the units from the exchange with minimum size being 1 unit
^ 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.

Features/ Scheme Reliance Small Cap Fund Reliance Index Fund - Reliance Index Fund - Nifty Reliance Arbitrage Advantage Fund
Sensex Plan Plan
Type An open ended equity growth scheme An Open Ended Equity An Open Ended Index Linked An Open Ended Arbitrage Scheme
Scheme Scheme
Inception Date 21-Sep-10 1-Oct-10 1-Oct-10 20-Oct-10
Investment The primary investment objective The primary investment The primary investment objective The investment objective of the
Objective of the scheme is to generate long objective of the scheme is of the scheme is to replicate scheme is to generate income by
term capital appreciation by investing to replicate the composition the composition of the NIFTY, taking advantage of the arbitrage
predominantly in equity and equity of the SENSEX, with a view with a view to generate returns opportunities that potentially
related instruments of small cap to generate returns that are that are commensurate with exists between cash and derivative
companies and the secondary objective commensurate with the the performance of the NIFTY, market and within the derivative
is to generate consistent returns by performance of the SENSEX, subject to tracking errors. segment along with investments
investing in debt and money market subject to tracking errors. in debt securities & money market
securities. instruments.
Asset Allocation Equity & Equity Related Securities Equities and equity related Equity & Equity Related Under normal circumstances, the
of Small Cap Companies including securities covered by the Securities covered by Nifty anticipated asset allocation would
Derivatives# 65%-100% & Equity & Sensex:-95% - 100% & -95%-100% & Cash/CBLO/ be:Equities and equity related
Equity Related Securities of companies Cash/CBLO/Repo & Reverse Repo & Reverse Repo & instruments, Derivatives including
other than Small Cap Companies Repo & Money Market Money Market instruments index futures, stock futures, index
including Derivatives# 0%-35% Debt instruments (CPs,CDs, Tbills, (CPs,CDs, Tbills, Mibor linked options, & stock options, etc. #
& Money Market Securities**(including Mibor linked instruments with instruments with daily Put/Call 65%-90%. Debt and Money
investments in securitised debt) 0% - daily Put/Call options options & overnight Interest market instruments** (including
35%. **Securitised debt may go upto & overnight Interest rate rate Reset Linked Instruments) investments in securitized debt) 10%
30% of the corpus. # The Scheme Reset Linked Instruments),but but excluding Subscription and - 35%. When adequate arbitrage
proposes to invest at least 65% of excluding Subscription and Redemption Cash Flow #: 0% opportunities are not available in the
the corpus in Equity & equity related Redemption Cash Flow # - 5%. #Subscription Cash Flow Derivative and Equity markets, the
instruments of small cap companies is the subscription money in anticipated alternate asset allocation
which may go upto 100% of the transit before deployment and on defensive considerations would be
corpus. The investment in Equity & Redemption Cash Flow is the in accordance with the allocation given
equity related instruments of any money kept aside for meeting below. However, in case no arbitrage
other companies other than small redemptions opportunity is available, then
cap companies will be in the range of 100% of the remaining investible
0-35% of the corpus 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,
Diversified Equity Funds
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%
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 2%- If redeemed or switched out on 1% of the applicable NAV if 1% of the applicable NAV if 1% if redeemed/switched on or
or before completion of 12 months redeemed or switched out on redeemed or switched out on or before completion of 12 months
from the date of allotment of units or before completion of 1 year before completion of 1 year from the date of allotment of units.
If redeemed or switched out from the date of allotment of from the date of allotment of Nil if redeemed/switched after
after 12 months but on or before units. There shall be no exit units. There shall be no exit load
load after completion of 1 completion of 12 months from the
completion of 24 months from the after completion of 1 year from date of allotment of units.
date of allotment of units year from the date of allotment the date of allotment of units
Nil - If redeemed or switched out of units
after the completion of 24 months
from the date of allotment of units
Choice of Plans and Growth Plan (Growth Option & Growth Plan (Growth Option & Bonus Option), Growth Plan (Growth Option & Bonus Option), Growth Plan (Growth Option) &
Options Bonus Option) & Dividend Plan Dividend Plan (Payout Option & Reinvestment Dividend Plan (Payout Option & Reinvestment Dividend Plan (Dividend Payout
(Dividend Payout Option & Dividend Option), Quarterly Dividend Option, Half Yearly Option), Quarterly Dividend Option, Half Yearly Option & Dividend Reinvestment
Reinvestment Option) Dividend Option, Annual Dividend Option Dividend Option, Annual Dividend Option Option)
Fund Manager Sunil Singhania Krishan Daga Krishan Daga Krishan Daga
Benchmark BSE Small Cap Index BSE SENSEX INDEX S&P CNX NIFTY INDEX Crisil Liquid Fund Index
Minimum Rs 5000 and in multiples of Re. 1 thereafter
Application Amount

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, affiliates 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 financial
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, their respective
directors, employees, affiliates or representatives shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits
arising in any way from the information contained in this material. The Sponsor, The Investment Manager, The Trustee, any of their respective directors, employees including
the fund managers, affiliates, representatives including persons involved in the preparation or issuance of this material may from time to time, have long or short positions
in, and buy or sell the securities thereof, of company(ies) / specific economic sectors mentioned herein.
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 Office 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
Marcom/Factsheet/January 09/Ver 2.1/17/01/09
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 Diversi-
fied 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 and Reliance Index Fund - Sensex
Plan 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, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer proce-
dures. For details of scheme features and for Scheme specific 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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January 2011

why settle for just one?

Toll free: 1800-300-11111

Wish you a happy investing experience for the year.

Sundeep Sikka, CEO.

2 Fundamentals Jan 2011

TELECOM - SERVICES 1.06% SIP Return

3 Fundamentals Jan 2011

Fund IP Plan- Rs 5 cr and in multiples of Re. 1 thereafter

Industry Classification as per AMFI.

4 Fundamentals Jan 2011

Reliance Inception Date ......................................... 18/04/2008

Quant Plus Fund Minimum Investment : Retail Plan- Rs 5000 and in

Institutional Plan - Rs 5 cr and in multiples of Re. 1

Sector Allocation AS ON December 31, 2010

INDUSTRIAL CAPITAL GOODS 2.16% Beta 0.8808

CONSUMER NON DURABLES 6.69%

CONSTRUCTION PROJECT 7.36%

PETROLEUM PRODUCTS 11.12%

Industry Classification as per AMFI.

5 Fundamentals Jan 2011

Reliance Date of allotment..................................... 28/03/2006

TELECOM - SERVICES 2.70%

Maruti Suzuki India Ltd. 3.53 Special Feature

AUTO 6.42% Cipla Ltd. 3.44 Reliance Any Time Money Card

Equity: Index Fund Data Portfolio of Reliance Index Fund - Nifty

7 Fundamentals Jan 2011

Index Fund - Nifty Plan Tata Power Co. Ltd.

Equity: Index Fund Data Sterlite Industries Ltd. 1.90

Reliance Date of allotment . . . . . . . . . . . . . . . . . 28/09/2010

Index Fund - Sensex AAUM: .......................... Rs. 1 Crore (31/12/2010)

Plan Re. 1 thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ICICI Bank Ltd. 8.00 Returns of Returns of

8 Fundamentals Jan 2011

Reliance Date of allotment.......................................08/10/1995

9 Fundamentals Jan 2011

Equity Fund Fund Manager . . . . . . . . . . . . . . . . . . Sunil Singhania

Industry Classification as per AMFI.

10 Fundamentals Jan 2011

Portfolio Of Reliance Small Cap Fund

Industry Classification as per AMFI.

11 Fundamentals Jan 2011

Reliance Date of allotment . . . . . . . . . . . . . . . . 08/06/2005

Jindal Saw Ltd. 1.29

12 Fundamentals Jan 2011

Equity Opportunities multiples of Re. 1 thereafter ...........................Institutional

Fund Assistant Fund Manager (w.e.f 1st Sep 2010):

Portfolio of Reliance Equity Opportunities Fund dividend History

13 Fundamentals Jan 2011

Reliance Inception Date . . . . . . . . . . . . . . . . . . 09/06/2005

Power Finance Corporation Limited 1.76 performance of RELIANCE regular savings

PESTICIDES 1.37% Petronet Lng Ltd 1.44 3 Years 11.13 3.45

Industry Classification as per AMFI.

14 Fundamentals Jan 2011

INDUSTRIALCAPITALGOODS 1.68% PSL Ltd. 2.00

Industry Classification as per AMFI.

15 Fundamentals Jan 2011

Reliance Date of allotment . . . . . . . . . . . . . . . . 25/02/2008

Natural Resources AAUM: ......................... Rs.2771 Crores (31/12/2010)

Holdings Weightage(%) Period Returns of Returns of

FERROUS METALS 6.72% Oil India Limited 1.64

PETROLEUM PRODUCTS 19.93%