Reliance Growth Fund: Is it a Good Choice to Invest Now?

Monsoon came early for the Finance Market and the showers of returns have given a sigh of relief to the Indian investors. With NIFTY & SENSEX looking in no mood for a hault, investors have started utilizing the bullish trend to fill their appetite. Investors are concentrating largely on the midcap funds to surge exceptional gains in future and Reliance Growth Fund has become the centre of attraction. But as per the past performance of the scheme, some investors are still in a dilemma whether to opt for this scheme or not. The write-up is drafted to put an end to their confusion.

Reliance Growth Fund: Factsheet

Reliance Growth Fund is a midcap scheme that was introduced in the mutual fund market to provide long term growth to the investors money by diversifying the assets in the midcap stocks of the companies having good scope in the future. The fund makes the investment largely in the equities followed by debt and money market instruments.

Is it the Right Time to Invest in Reliance Growth Fund?

Two Gems Added: Reliance Growth Fund (G) is now stronger then ever before. The fund which was earlier managed by Mr. Manish Gunwani has now two more gems added to it- Mr. Dhrumil Shah and Mr. Tejas Sheth. After the joining of the two assets in 2019, the mid cap fund has started achieving remarkable growth.   

Bullish Market Rally: Positive sentiments predicted by the financial experts about the Lok Sabha Election has proved to be right with NIFTY and SENSEX reaching all time highs. The bullish trend is expected to continue as there are no major economical issues currently faced by the country. This is again a good news for the investors who are in a dilemma whether to invest in Reliance Growth Fund or not.

Current Portfolio Allocation: Following the growth style of investment, the midcap fund of Reliance MF has invested the accumulated assets in the large number of sectors with financial sector leading them all. The sector is now surging high gains which clearly reflects that parking money in this sector was a good move by the fund managers. Other sectors holding significant portion of assets include healthcare, services, construction, engineering, FMCG, automobile, etc.

Past Performance: Thomas Alva Edison (inventor of light bulb) failed 1000 times before achieving success. In simple terms, poor performance of a fund doesn’t guarantee its fate and the same is the case with Reliance Growth Fund. Although, the scheme got beaten by the benchmark many a times but since every cloud has a silver lining, in the same way this multicap fund is again back on track and have started beating the benchmark by a huge margin.

Above were some of the points that were complied to make the investors believe that Reliance Growth Fund growth plan is one of the best investment as per the current market conditions. Therefore, an investor should start the SIP plan in this midcap fund and enjoy healthy gains in the future. For any further information, you can reach to the experts of MySIPonline at- www.mysiponline.com or call us at- 9660032889.