The objective of the scheme is to primarily invest in debt and money market instruments in order to generate optimal returns while ensuring that the risk levels remain moderate. This income and returns may also be complemented with capital appreciation of the portfolio.
Name of AMC: Reliance Nippon Life Asset Management Limited.
Fund Manager: Mr. Prashant Pimple.
About the Fund Manager: He is the senior fund manager of the fixed income investment at Reliance Nippon Life Asset Management Limited. He has over 14 years of experience in managing debt fund portfolios and has been managing fixed income portfolios for over a decade now at Reliance. Prior to this he has worked with Fidelity International Limited Asset Management Company along with ICICI bank Ltd.
Other than this fund, he also manages Reliance Gilt securities fund, Reliance Income Fund, Reliance Short Term Fund, Reliance Regular Savings Fund, Reliance Corporate Bond Fund, Reliance ETF Long Term Gilt and Reliance Corporate Bond Fund.
Asset Size: As on 31st March 2017, the fund had an asset size of Rs. 2,589.50 crores.
Ranking: It has been ranked second in the debt long term fund category by Crisil for the quarter that ended in December 2016. The rank has remained unchanged since then.