Reliance Mutual Fund - Investment Objectives

* Reliance Floating Rate Fund (An Open-ended Liquid Scheme): The primary investment
objective of the scheme is to generate regular income through investment in a portfolio comprising
substantially of Floating Rate DebtSecurities (including floating rate securitised debt, Money
Market Instruments and Fixed Rate Debt Instruments swapped for floating rate returns). The
scheme shall also invest in Fixed Rate Debt Securities (including fixed rate securitised debt,
Money Market Instruments and Fixed Rate Debt Instruments swapped for fixed returns).

* Reliance Gilt Securities Fund (An Open-ended Govt. Securities Scheme): The primary
investment objective of the scheme is to generate optimal credit risk-free returns by investing in a
portfolio of securities issued and guaranteed by the Central Government and State Government.

* Reliance Income Fund (An Open-ended Income Scheme): The primary investment objective of
the scheme is to generate optimal returns consistent with moderate level of risk. This income may
be complemented by capital appreciation of the portfolio. Accordingly, investments shall
predominantly be made in Debt & Money Market Instruments.

* Reliance Money Manager Fund (Open ended income scheme): The investment objective of the
Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by
investing in debt securities and money market securities.

* Reliance Monthly Income Plan (An Open-ended Fund-Monthly Income is not assured & is
subject to the availability of distributable surplus): The primary investment objective of the
scheme is to generate regular income in order to make regular dividend payments to unitholders
and the secondary objective is growth of capital.

* Reliance Medium Term Fund (An Open-ended Income Scheme with no assured returns):
The primary investment objective of the scheme is to generate regular income in order to make
regular dividend payments to unitholders and the secondary objective is growth of capital.

* Reliance Short Term Fund (An Open-ended Income Scheme): The primary investment
objective of the scheme is to generate stable returns for investors with a short term investment
horizon byinvesting in fixed income securities of a short term maturity.

* Reliance NRI Income Fund (An Open-ended Income Scheme): The primary investment
objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This
income may be complemented by capital appreciation of the portfolio. Accordingly, investments
shall predominantly be made in Debt Instruments.

* Reliance Liquid Fund (An Open-ended Liquid Scheme): The primary investment objective of
the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity.
Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

* Reliance Liquidity Fund (An Open-ended liquid scheme): The investment objective of the
scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity.
Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

* Reliance Growth Fund (An Open-ended Equity Growth Scheme): The primary investment
objective of the scheme is to achieve long term growth of capital by investing in equity and equity
related securities through a research based investment approach.

* Reliance Vision Fund (An Open-ended Equity Growth Scheme): The primary investment
objective of the scheme is to achieve long-term growth of capital by investment in equity and
equity related securities through a research based investment approach.

* Reliance Equity Opportunities Fund (An Open-ended Diversified Equity Scheme): The
primary investment objective of the scheme is to seek to generate capital appreciation & provide
long-term growth opportunities by investing in a portfolio constituted of equity securities & equity
related securities and the secondary objective is to generate consistent returns by investing in
debt and money market securities.

* 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.

* Reliance Banking Fund (An Open-ended Banking SectorScheme): The primary investment
objective of the scheme is to generate continuous returns by actively investing in equity and equity
related or fixed income securities of Banks.

* Reliance Pharma Fund (An Open-ended Pharma Sector Scheme): The primary investment
objective of the scheme is to seek to generate consistent returns by investing in equity and equity
related securities or fixed income securities of Pharma and other associated companies.

* Reliance Media & Entertainment Fund (An Open-ended Media & Entertainment Sector
Scheme): The primary investment objective of the scheme is to generate continuous returns by
investing in equity and equity related or fixed income securities of Media & Entertainment and
other associated companies.

* Reliance Diversified Power Sector Fund (An Open-ended Power Sector Scheme): The
primary investment objective of the scheme is to seek to generate continuous returns by actively
investing in equity and equity related or fixed income securities of Power and other associated
companies.

* Reliance Equity Advantage Fund (An Open ended Diversified Equity Scheme): The primary
investment objective of the scheme is to seek to generate capital appreciation & provide long-term
growth opportunities by investing in a portfolio predominately of equity & equity related
instruments withinvestments generally in S & P CNX Nifty stocks and the secondary objective is
to generate consistent returns by investing in debt and money market securities.

* Reliance NRI Equity Fund (An Open-ended Diversified Equity Scheme): The primary
investment objective of the scheme is to generate optimal returns by investing in equity and equity
related instruments primarily drawn from the Companies in the BSE 200 Index.

* Reliance Regular Savings Fund (An open ended Scheme) Debt Option: The primary
investment objective of this Option is to generate optimal returns consistent with moderate level of
risk. This income may be complemented by capital appreciation of the portfolio. Accordingly
investments shall predominantly be made in Debt & Money Market Instruments. Equity Option:
The primary investment objective of this Option is to seek capital appreciation and/or to generate
consistent returns by actively investing in equity / equity related securities. Balanced Option: The
primaryinvestment objective of this Option is to generate consistent return and appreciation of
capital by investing in mix of securities comprising of Equity, Equity realated Instruments & Fixed
income instruments.

* Reliance Equity Fund (An open-ended Diversified Equity Scheme): The primary investment
objective of the scheme is to seek to generate capital appreciation & provide long-term growth
opportunities by investing in a portfolio constituted of equity & equity related securities of top 100
companies by market capitalization & of companies which are available in the derivatives segment
from time to time and the secondary objective is to generate consistent returns by investing in debt
and money market securities.

* Reliance Long Term Equity Fund(A 36 months close ended diversified equity fund with an
automatic conversion into an open ended scheme on expiry of 36 months from the date of
allotment): The primary investment objective of the scheme is to seek to generate long term
capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted
of equity & equity related securities and Derivatives and the secondary objective is to generate
consistent returns by investing in debt and money market securities.