Reliance Monthly Income Plan (G) - A top rated mutual fund
>> Friday, March 27, 2009
A proper and trusted review is required when one goes for an investment. Keeping money in bank doesn't yeild much as the interent rate in savings account as well as fixed deposits are too low and is not expected to increase further. Investment in share market at present is too risky. So the best place for an investment in present scenario is mutual funds which is much safer with high return.
Review of Reliance monthly income plan (G) mutual fund
Reliance Monthly Income Plan (G) ranks second among the best mutual funds at present, but if we see the last five year return it had been on top for so many days. The 52 week highest Net asset value (NAV) was 16.75 Rs and at present its NAV is Rs.15.85. This indicates that in spite of bitterness in the equity market this company had judiciously invested their money and have a strong financial advisors.
In last 5 years in spite of global crunch it was only once when its return came into negative and that was 3 months back and that too negative by only 2.6%. More than 50% return has been given in last five years. The brand Reliance is itself a name of trust in financial market.
Thus in my view this is the best place to invest our hard earn money for proper growth.
Investment information
Fund Type : Open-Ended
Investment Plan : Growth
Asset Size (Rs cr) : 156.02 (Feb-27-2009)
Min. Investment : Rs 10,000
Last Dividend : N.A.
Bonus : N.A.
Performance of Reliance Monthly Income Plan (G)
The period and the average return in percentage given by Reliance Monthly Income Plan (G) is detailed below
1 month - (1.9%)
3 months - (-2.6%)
6 m0nths - (10.2%)
1 year - (11.7%)
2 years - (18.1%)
3 years - (27.0%)
5 years - (57.5%)
Thus it is strongly recommended to invest in this mutual fund. Read more...
