Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

This product is suitable for investors who are seeking*• Income over short term

• Investment in debt and money market instruments such that Macaulay duration of the portfolio is between 6 - 12 months

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Investors understand that their principal will be at Moderately Low risk

Reliance Low Duration Fund(Formerly Reliance Money Manager Fund)

(An open ended low duration debt scheme investing in debtand money market instruments such that the Macaulay duration of the portfolio is between 6 - 12 months)

Thinkingwhere to park your

idle money in the short term?

• Fund endeavors to invest minimum 80% in AAA & AA+ rated issuers* • The fund would invest predominantly into fixed income securities upto 1.25 yrs maturity.

• The macaulay duration of the fund would be in the range of 240 to 300 days.• The underlying assets provide capital gains as they roll down to lower maturity.

Recommendation for investments:• The fund would be ideal for investors seeking better returns with relatively low volatility.

• The ideal investment horizon for the fund would be anywhere between 3 months to 6 months.

*As per current investment strategy. It may vary as per market conditions.

Sponsors: Reliance Capital

Nippon Life Insurance Company

Contact your financial advisor for further details | Call 18602660111 | www.reliancemutual.com

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Reliance Low Duration Fund

Ideal Investment Horizon

� Ideal for Investors with short term investment horizon (3 to 6 months) and a low risk appetite.

Rating Profile as on 30th June, 2019

Scheme Attributes as on 30th June, 2019

Weighted Average YTM1 9.00%

Weighted Average Maturity 336 days

Modified Duration 303 days

1The weighted average YTM displayed above is for the invested amount of the portfolio ( i.e. excluding other receivables) For the entire portfolio weighted aver-age YTM , i.e including other receivables 8.82%.

Asset Allocation as on 30th June, 2019

About Reliance Low Duration Fund

This fund is managed as a low maturity fund which invests predomi-nantly in upto 2-6 month money market assets with a small allocation to 9-18 month assets (typically not more than 20% of the portfolio.) The fund manager endeavors to provide a moderate yield pick up, with relatively lower re-investment risks.

Portfolio Mix

� Money Market Assets comprising of CPs, CDs, T bills and Cash & Cash equivalents.

� Corporate bonds of up to one year.

Current Investment Strategy

� Fund endeavors to invest minimum 80% in AAA & AA+ rated issuers.

� The macaulay duration of the fund would be in the range of 240 to 300 days.

� The fund would invest predominantly into fixed income securities upto 1.25 years maturity.

� These assets also provide capital gains as they roll down to lower maturity.

Scheme Features

Inception Date 20 March,2007

Fund Manager# Amit Tripathi & Anju Chhajer

Benchmark NIFTY Low Duration Debt Index

Minimum Application Amount

Daily Dividend Option- Rs.10,000 & in multiples of Re. 1 thereafter; Weekly Dividend Option- Rs.5,000 & in multi-ples of Re. 1 thereafter; Other Plans and Options- Rs.500 & in multiples of Re. 1 thereafter

Month end AUM as on 30/06/2019 Rs. 4,168.48 Crs

Plans & Options

i) Growth Plan/Direct Plan - Growth Plan: Growth Optionii) a) Dividend Plan/ Direct Plan - Dividend Plan - Dividend Option b) Dividend Plan/ Direct Plan - Dividend Plan with the frequency of Daily (only reinvestment option)Weekly, Monthly, Quarterly) Both the above mentioned dividend plan/ Direct Plan - Dividend Plan offers Dividend Payout and Dividend Re-investment facility.

Exit Load Nil

# Kinjal Desai: Dedicated Fund Manager for Overseas Investments

Why Invest in Reliance Low Duration Fund

� This fund offers investors an opportunity to participate at the shorter end of the yield curve. The nature of the fund provides greater flex-ibility in portfolio construct with low capital risk positioning

� The portfolio predominantly invests in good credit quality instruments and endeavors to provide moderate yield pick up with low volatility

Corporate Bond, 49.13%PTC, 17.44%Money Market Instruments, 27.08%Floating Rate Note, 4.22%GSecs incl SDLs, 0.02%Cash & Other Receivables, 2.11%

AAA/SOV/A1+/Cash & Other Receivables, 77.19%AA+, 7.38%

AA, 7.55%

A+/A/A-/A1, 7.18%

BBB+, 0.70%

Reliance Low Duration Fund

Portfolio as on 30th June, 2019

Company/Issuer Rating % of AssetsCertificate of Deposit 14.93

Small Industries Dev Bank of India CRISIL A1+/CARE A1+ 3.44

Bank of Baroda ICRA A1+ 2.81

Axis Bank Limited ICRA A1+ 2.29

AU Small Finance Bank Limited CRISIL A1+ 2.27

National Bank For Agriculture and Rural Development CRISIL A1+ 2.24

IndusInd Bank Limited ICRA A1+/CRISIL A1+/FITCH A1+ 1.85

ICICI Bank Limited ICRA A1+ 0.04

Commercial Paper 11.19

Piramal Enterprises Limited CRISIL A1+ 5.91

Indiabulls Housing Finance Limited CRISIL A1+ 2.97

JM Financial Asset Reconstruction Company Limited ICRA A1+ 2.31

Corporate Bond 39.18

Muthoot Finance Limited CRISIL AA 7.55

Power Finance Corporation Limited CRISIL AAA 7.39

Housing Development Finance Corporation Limited CRISIL AAA 4.85

India Grid Trust InvIT Fund CRISIL AAA 4.78

Panchshil Corporate Park Private Limited FITCH AAA(SO) 3.92

REC Limited CRISIL AAA 2.96

Reliance Industries Limited CRISIL AAA 2.86

National Bank For Agriculture and Rural Development CRISIL AAA 2.41

Nabha Power Limited ICRA AAA(SO) 1.20

Aditya Birla Housing Finance Limited ICRA AAA 0.89

Power Grid Corporation of India Limited CRISIL AAA 0.36

Floating Rate Note 4.22

Shriram City Union Finance Limited CARE AA+ 3.52

Dewan Housing Finance Corporation Limited CARE D 0.70

Government Bond 0.02

Government of India SOV 0.02

Zero Coupon Bond 9.95

EMBASSY OFFICE PARK REIT CRISIL AAA 6.09

KKR India Financial Services Private Limited CRISIL AA+ 3.86

Mutual Fund units 0.96

Reliance Mutual Fund 0.96

PTC 17.44

Indian Receivable Trust 18 CARE A(SO) 7.18

Reliable Devices Trust ICRA AAA(SO) 5.06

MFL Securitisation Trust CRISIL AAA(SO) 3.23

RENT-A-DEVICE TRUST ICRA AAA(SO) 1.96

Cash & Other Receivables 2.11

Grand Total 100.00

Risk factors:Trading volumes and settlement periods may restrict liquidity in debt investments. Investment in Debt is subject to price, credit, and interest rate risk. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. The NAV may also be subjected to risk associated with investment in derivatives, foreign securities or script lending as may be permissible by the Scheme Information Document.

Disclaimers:The information herein above is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional

advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.

Mutual Fund Investments are subject to market risks,read all scheme related documents carefully.