Reliance Mutual Fund presentspresents

Confidential Slide

First gold fund of fund in IndiaAn Open Ended Fund of Fund SchemeAn Open Ended Fund of Fund Scheme

India’s First Fund with SIP in gold

NFO Opening Date : 14 February,2011NFO Opening Date : 14 February,2011

NFO Closing Date : 28 February,2011

Confidential Slide 2

I dIndexWhere do Indians invest?

Index

A journey through India’s fascination for Gold

Why do we love gold so much? – It has fundamental strengthWhy do we love gold so much? It has fundamental strength

Why Buy Gold now?

Problems with investing in gold in India

Introducing Reliance Gold Savings Fundg g

Takeaways

Where do Indians invest?Where do Indians invest?

Wh d l th i ?

Real Estate, 5 Chit fund/NBFC 9 4

Where do people save their money?

Mutual Fund, 1.2

Equity market, 1.1, Chit fund/NBFC, 9.4

Gold, 5.8

Banks, 44.9

Life insurance, 32.8

,

Postal Savings, 11.6

Nearly 5 times more household savings is invested in Goldy gthan in Equities or Mutual Funds

Source: Invest India Incomes and Savings Survey 2007

C k t tf li itiMutual FundMutual Fund GoldGold

Cross market portfolio composition

BanksBanks 2.62.6 8.08.0

PostPost 2.92.9 11.711.7

Life insuranceLife insurance 3.33.3 9.39.3

M t l F dM t l F d 100100 21 621 6Mutual FundMutual Fund 100100 21.621.6

Equity marketEquity market 32.132.1 24.224.2

Real EstateReal Estate 3.43.4 12.212.2

Informal sectorInformal sector 0 70 7 8 88 8Informal sectorInformal sector 0.70.7 8.88.8

GoldGold 4.44.4 100100

Market penetration in Gold is less by Capital market investors (MFs and equity)p y p ( q y)Only 21.6% MF investors invest in Gold & only 4.4% Gold investors invest in MFs

Source: Invest India Incomes and Savings Survey 2007

A journey through India’s j y gfascination for Gold

Indians Passion for Gold starts before birth It is anIndians Passion for Gold starts before birth – It is anintegral part of our Culture

Gold is ancestral and passed downGold is ancestral and passed down

from generation to generation

Most of the Gold collection generally begins

in an Indian family from the "Godbharai"

ceremony itself, to getting bracelet & anklet

of black & white colored beads to protect the

child against the evil eyes

It is common for parents of a child

to start collecting gold jewellery for theto start collecting gold jewellery for the

child’s security, exigency & marriage

Si ifi f J ll i th Lif f W i I di

Gold possession is embedded in the

Significance of Jewellery in the Life of Women in India

customs and the traditions that carry

significant importance to women

Ornaments such as mangalsutra nathOrnaments, such as mangalsutra, nath

(nose ring) and toe rings, quintessential

for married Indian women

J ll ift d t t th ti fJewellery gifted to women at the time of

her marriage is called 'stridhan' i.e.

wealth of women, which in short is

symbol of wealth, power and femininity

G ld h T diti l V lGold has Traditional ValuesIt is believed that buying &

wearing new gold jewellery on

Akshaya Tritiya Gudi Padwa &

Dhanteras, brings prosperity &

success to an individual & his family

The festival redefines Gold in all

its facets from jewellery adornment toits facets from jewellery adornment to

portfolio diversification

Indians consider occasion as an

apt time to buy, wear and

celebrate gold

I di ’ G ld Off i t G dIndia’s Gold Offering to GodTirumala is the richestreligious shrine in the world The Golden Templewith an annual revenue ofRs.1,200 crore and goldreserves of almost 250kg thatare made up of smallornaments thrown in the

The Golden Templemain dome is gildedwith 100 kg of puregold

Source: Telegraph India (nov 2010),

ornaments thrown in thehundi. On an average, thetemple receives about 2kg ofgold in the hundi every day

Source: http://www.amritsar.com/harmandirsahib.shtml

Shirdi’s Sai Baba's GoldCrown Worth Rs.12.5Lakhs. He resides on athrone of gold weighing

Lalbuag cha Rajacollected a recordGold offerings fromd t i 2010throne of gold weighing

94 kgsdevotees in 2010

Source: liveindia.com, Dec ‘07 Source: Mumbai Mirror, Sept ‘10

C i l U f G ldThe undying fascination towards the yellowmetal is evident in its use currently for

Commercial Usage of Gold

metal is evident in its use currently formaking watches, medals, shoes, cufflinks, tiepins, pens cars, saries, buttons and so on

Collecting watches is one of the mostgcostly hobbies in the world but veryinteresting and sometimes really profitable.Currently, the fascination is towards realgold diamond studded watches

Around 8,000 sq m of 22-carat gold leafhave been used in the decor of the lobbyand the restaurants of Burj Al Arab

GoldPlus TATA Nano – India’s first Pure GoldJewellery Car on the way

Source: RCAM Research

G ld i t d ll th ldGold was not selected arbitrarily by

Gold is stored all over the world…Coins, Bars, Jewellery

governments to be the monetary

standard

Gold had developed for many

centuries on the free market as the

best money; as the commodity

providing the most stable andproviding the most stable and

desirable monetary medium

Gold is stored all over the world in

various forms

G ld h Edibl d M di i l V lAyurveda gifted us Suvarnaprashan toimprove immunity of Child ‘Suvarna’

Gold has Edible and Medicinal Values

improve immunity of Child. Suvarnameans ‘Gold’ & ‘Prashan’ means ‘to lick’

Lasers incorporating gold coatings aremaking dramatic progress in theg gtreatment of cancers, sealing battlefieldwounds in the field, emergency injurytreatments in hospitals & previouslyinoperable heart conditions & tumors

Today gold flakes and gold dust can befound in many confectioneries anddessert items throughout the world. Goldcan be consumed in the form ofcan be consumed in the form ofchocolates, wine, fruits etc

Source: RCAM Research

G ld i th A t It’ St d d

Great achievements are often rewarded

Gold is more than an Asset – It’s a Standard

with gold – Olympic Gold

Best periods of Prosperity of Civilizations

around the world are referred to as Goldenaround the world are referred to as Golden

Age

Best among equals gets Gold – Golden Bat

for best batsman, Golden Ball for best

Bowler and Golden Boot for the best

footballer

Why do we love gold so much? – It has y g

fundamental strength

G ld A P ll l E i I diGold - A Parallel Economy in India

India runs a parallel Gold economy (gold economy vs. real economy)

• India’s gold holdings accounts for 11% ofb d t k f ld i th W ld

• India’s GDP accounts for 2.1%^ of globalGDP i i l d llabove-ground stock of gold in the World GDP in nominal dollars

• Valued at $800bn, our gold holdingsvalued at nearly 50% of GDP

• Household bank deposits and equityholdings valued at $625bn and 315bn,

ti lvalued at nearly 50% of GDP respectively

• India's share* in global gold demand is1.5X that of China, the second largest goldconsumer

• India's economy is ~1/4th^ the size that ofChina in nominal dollarsconsumer

Source: Morgan Stanley, World Gold Council, CMIE, RMF estimates *21% yoy as at end Sept 2010, ^ As at end 2009.

G ld A P ll l E i I diIndian household’s fetish for gold is:

S

Gold - A Parallel Economy in India

Structural:-Considered a symbol of security and signof prosperityRecognized as a form of a tradable liquid 15.00%

20.00%

Average Annual 10 year growth rates in India (2000-2009)(%)

Recognized as a form of a tradable liquidassetA hedge against – inflation, rupeedepreciation, and social insecurity

0.00%

5.00%

10.00%

Lack of basic banking facilities, especiallyin backward areas

Cyclical:-Lo real interest rates

Population ( mn)

Inflation (%)

Real GDP (%)

Gold demand (Rs bn)

Gold Price (Rs/oz)

Gold imports (Rs

bn)

Low real interest ratesHigh market/economic uncertainty Source: Morgan Stanley, World Gold Council, CMIE, RMF estimates

Asset AllocationAsset Allocation Asset AllocationMar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-0822.16% 8.90% 17.51% 12.76% 1.94% 21.23% 18.02% 41.77% 13.94% 6.87% 3.79% 7.86%20.99% 1.71% 17.39% 11.86% 1.77% 19.47% 17.72% 29.00% 1.80% 1.77% 2.15% 4.97%12.46% 1.60% 15.02% 10.70% 0.91% 12.07% 13.72% 16.86% 1.78% 0.98% 1.64% 2.55%11.96% 1.03% 1.84% 1.74% -0.16% 2.63% 11.75% 11.02% 1.23% -1.14% 1.22% 2.01%1.37% -5.95% 1.70% 1.44% -5.18% 2.48% 2.56% 2.41% -22.58% -13.95% -4.47% -24.98%0.72% -18.09% 1.41% 1.11% -6.12% 1.82% 2.23% 1.91% -32.87% -14.53% -10.92% -32.58%0.06% -18.73% -2.57% 1.11% -7.25% -7.18% 1.44% 1.63% -39.22% -16.20% -16.78% -33.96%

Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-109.73% 76.80% 32.23% 10.11% 1.67% 14.55% 14.62% 7.93%2.06% 71.72% 24.58% 6.22% 1.48% 4.22% 13.52% 1.69%1.90% 49.29% 18.17% 5.65% 1.32% 4.13% 12.82% 1.07%0 63% 2 41% 7 00% 1 97% 1 22% 1 69% 2 16% 1 02%

Q on Q returns of various indices

Past Performance may or may not be sustained in future The

Source: World Gold Council; MFI Explorer

0.63% 2.41% 7.00% 1.97% 1.22% 1.69% 2.16% 1.02%-0.54% 2.33% 0.90% 1.48% 1.15% 1.33% 1.39% 0.31%-8.62% 1.39% 0.67% 1.30% 0.91% 0.98% 0.95% -5%

-11.85% -3.72% 0.14% 0.67% 0.36% 0.05% 0.83% -7.05%

Past Performance may or may not be sustained in future. Theabove table and graph gives an illustration of the performance ofGold on the basis of historical data, if invested directly. The sameshould not be construed as an indication, promise, guarantee or aforecast of any returns. The details may not necessarily provide abasis for comparison with any other investment avenues. Readersare advised to seek independent professional advice and arrive atan informed investment decision before making any investments.Source: World Gold Council; MFI Explorer

Gold provides an opportunity to enhance portfolio returns over a period and acts as perfectdiversifier for one’s investment portfolioGold has outperformed in 8 quarters out of 20 quarters with respect to other given indices

Di ifi tiDiversification

5 Year weekly return correlation on key asset

Gold is an ideal portfolio diversifierGold has very low/negative

correlation with other asset class-0.035

-0.179

-0.435

DJIA

YEN

DOLLAR INDEX

5 Year weekly return correlation on key asset classes and gold

offering diversification benefit

to investors0.179

0.172

0.002

BSE SENSEX

BSE 500

S&P 500

Adding gold to your portfolio may

potentially lower overall portfolio risk0.402

0.329

0.209

S&P GSCI

CRUDE OIL

NSE S&P CNX NIFTY

and aims to preserve wealth0.425

-1 -0.5 0 0.5 1

EURO

Source: Bloomberg, Period ending 31st Dec 2010

G ld H d i t I fl ti

350

Keeps purchasing power intact

Gold: Hedge against Inflation

Gold over centuries has

maintained its value against200

250

300

350

inflation

It preserves the purchasing power50

100

150

200

It preserves the purchasing power

and in fact even increases it0

Apr

-05

Aug

-05

Dec

-05

Apr

-06

Aug

-06

Dec

-06

Apr

-07

Aug

-07

Dec

-07

Apr

-08

Aug

-08

Dec

-08

Apr

-09

Aug

-09

Dec

-09

Apr

-10

Aug

-10

Dec

-10

I fl ti G ld graduallyInflation Gold

Source: Bloomberg. Normalized to 100, Gold (USD/OZ)

G ld A l V l til A t

Over 1 3 and 5 year period Gold40%

Gold: A less Volatile Asset

Over 1, 3 and 5 year period Gold

has been less volatile than all30%

40%

major equity indices

Gold is less volatile than10%

20%

equity as an asset class and

thereby helps to stabilize

0%Gold Sensex BSE 500 BSE 200 BSE 100

1 year 3 year 5 year

portfolio returns

1 year 3 year 5 year

Source: World Gold Council, Gold=Gold(Rs/oz). Volatility (annualised) to end of September,2010

Gold A decade of sparkling glitterGold continues to breach its high (YOY) since 2001 till date

1600

Gold - A decade of sparkling glitter

1032.7

1226.56

1431.25

1200

1400The graph shows the

open, close high and low for a ten

i d Th fi i th

541

730.4

845.84

600

800

1000year period. The figure in the

graph indicates the high level of

gold prices for each year

298.5354.25

417.75 456.89541

200

400

600 gold prices for each year

Past Performance may or may not be sustained in future.The above table and graph gives an illustration of theperformance of Gold on the basis of historical data, ifinvested directly. The same should not be construed as anindication, promise, guarantee or a forecast of any returns.The details may not necessarily provide a basis for

02001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Source: Bloomberg, Gold (USD/OZ)

comparison with any other investment avenues. Readers areadvised to seek independent professional advice and arriveat an informed investment decision before making anyinvestments.

PerformanceGold - an “asset class apart” proven as a pure performer

Performance

29.52 %30.00

35.00 Gold has been a

consistent performer and

has given over 17% return17.68% 18.29 % 17.41 % 17.04 %

15.00

20.00

25.00 has given over 17% return

across time period for the

given time period

5.00

10.00Past Performance may or may not be sustained in future. Theabove table and graph gives an illustration of the performance ofGold on the basis of historical data, if invested directly. The sameshould not be construed as an indication, promise, guarantee or aforecast of any returns. The details may not necessarily provide a

0.0010 year 7 years 5 year 3 year 1 year

Source : Bloomberg; The above graph shows CAGR performance of Gold (USD/OZ) Data as on 31st Dec 2010

forecast of any returns. The details may not necessarily provide abasis for comparison with any other investment avenues. Readersare advised to seek independent professional advice and arrive atan informed investment decision before making any investments.

Gold Considered a safe haven assetEvent Period Gold Returns(%) Equity Returns (%)

Gold – Considered a safe haven asset

Subprime Mortgage Crisis October 2007-March 2009 15.74 -59.07*

Dotcom Bubble/September 11,2001 terrorist attack March 2000 - October , 2002 14.18 -51.43*

Asian financial crisis July 1997- September, 1998 -15.79 -59.06**Asian financial crisis July 1997 September, 1998 15.79 59.06

Bursting of the Japanese stock and real estate bubble December 1989 - April 2003 -17.77 -76.86***

Arab oil embargo January 1973- December 1974 182.24 -38.31^

World War 2 September 1939 - April 1942 -1.66 -37.49^

The Great Depression August 1929- June 1932 0.29 -88.74^

During uncertain turbulentSource: Bloomberg, *Equity Returns refers to returns of MSCI World Index. ** Returns forMSCI Asia Pacific Ex Japan Index, *** Returns of Nikkei 225 stock average ^Returns of DowJ I d t i l Atimes gold affirmed its

position as an insurance forinvestment portfolios

Jones Industrial Average Past Performance may or may not be sustained in future. The above table andgraph gives an illustration of the performance of Gold on the basis of historical data, if invested directly. The sameshould not be construed as an indication, promise, guarantee or a forecast of any returns. The details may notnecessarily provide a basis for comparison with any other investment avenues. Readers are advised to seekindependent professional advice and arrive at an informed investment decision before making any investments.

Why buy gold now?

Fundamental Drivers

Value @ 1421$/Oz Particulars Tones % bn USD

Total Gold mined till date is valued ataround USD 7.2 trillion

Global Gold Holdings

Fundamental Drivers

Particulars Tones % bn USD

Jewellery 83700 51% 3,823

Industrial 19800 12% 904

Gold consumed in jewellry and industryrarely flow into investment market(~63%)Official Sector (For eg:central banks)

Above ground

reserves

Investments 29600 18% 1,352 official sector 28900 17% 1,320

Official Sector (For eg:central banks)are now being the game changers forthe demand & supply dynamics – theyhave become net buyers of gold afterbeing sellers for decades

Misc 3600 2% 164

Total 165600 7,564

being sellers for decadesGold held in investment is only worthUSD 1.3 trillion - a small component ofglobal financial asset

Under ground reserves 22000 1,005

Total 187600 8,569 Source: World Gold Council, RMF Estimates

Gold availability remains limited andsupply increase by only ~1.6% annually

Gold Imports in India: Surprise on the UpsideGold Imports in India: Surprise on the Upside

120140160

20000

25000Tons (RHS) Price (Rs/10 grams)

406080100120

5000

10000

15000

I di i ld’ l t ld ti f 15% f l b l ld k t i 2009

020

0

Nov

-05

Jan-

06M

ar-0

6M

ay-0

6Ju

l-06

Sep

-06

Nov

-06

Jan-

07M

ar-0

7M

ay-0

7Ju

l-07

Sep

-07

Nov

-07

Jan-

08M

ar-0

8M

ay-0

8Ju

l-08

Sep

-08

Nov

-08

Jan-

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ar-0

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ay-0

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l-09

Sep

-09

Nov

-09

Jan-

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ar-1

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Sep

-10

India is world’s largest gold consumer accounting for 15% of global gold market in 2009Imports in India influences gold prices - Spike in Indian gold imports is usually followed by rise ingold pricesPrice sensitive Indian investors have been waiting on the sideline for prices to correct since lastfew yearHence whenever prices will correct, Indian imports will increase and thereby limit/cap thedownside for gold prices- a major bull driver Source: Business Beacon

Past Performance may or may not be sustained in future. The above tabled h i ill t ti f th f f G ld th b i fand graph gives an illustration of the performance of Gold on the basis of

historical data, if invested directly. The same should not be construed as anindication, promise, guarantee or a forecast of any returns. The details may notnecessarily provide a basis for comparison with any other investment avenues.Readers are advised to seek independent professional advice and arrive at aninformed investment decision before making any investments.

Gold ViewStrong investment demand in major consumption nations - India and China

Per capital consumption of gold in India and China is much lower than developed nations

Gold View

Per capital consumption of gold in India and China is much lower than developed nationsRising purchasing power of middle class in India and China may lead to higher golddemand

Fundamental weakness in US dollarNear Zero interest rates, high trade deficit and fear of higher inflationGold tends to benefit from depreciating dollar

Fear of InflationBailouts and quantitative easing along with lower interest rate will likely increase the riskBailouts and quantitative easing along with lower interest rate will likely increase the riskof inflationHigher commodity prices leads to cost push inflationGold is good hedge against inflation and tends to benefit during higher inflationaryenvironment

Source: RMF Estimates

G ld ViSovereign debt concerns

Rising debt levels in western economies increases the risk of sovereign defaults, increase

Gold View

g grisk aversion and benefits gold

Central banks buying spurCountries with highest forex reserves have less than 2% of their reserves in gold ascompared to many developed nations who have more than 60% of their reserves in goldcompared to many developed nations who have more than 60% of their reserves in goldThese central banks need to diversify into gold to safeguard against falling currency value

Increasing importance of portfolio diversificationLimited Supply - Only $7.2 trillion worth of gold mined till date and Less than $ 1.3 trillionpp y y gheld in private investment is available for investmentPercentage allocation in Gold is quite small against recommendation of 6 to 10% andincreasing in allocation will lead to higher gold prices

Geopolitical uncertaintiesGeopolitical uncertaintiesGeo political uncertainty increase the safe haven appeal of gold

Source: RMF Estimates

Risks to gold rallyF t i ti ld llRisks to gold rallyRecycled gold coming to market at higher price levels may limit

Factors impacting gold rally

upside

Quick and strong US recovery

High interest rates

Lower inflationLower inflation

Optimistic expectation of global growth

New technology

Problems with investing in gold in IndiaProblems with investing in gold in India

1 Purity and Quality1. Purity and Quality

The average purity of the gold sold in the market is 19.43 karat as opposed to 22 karat claimed by most jewellers.Source: TimesofIndia, June 20 , 2006, March 21, 2008. The Telegraph

2. Storage and Safety

Source: TimesofIndia, Dec 13, 2008

3 Trust and faith on Jeweller3. Trust and faith on Jeweller

Source: paperarticles.com/2009, 30 Jan , 2009. TimesofIndia, Aug 30 2008

4 Demat required for gold investment in secure form4. Demat required for gold investment in secure form

As on October 2010 there are only 1.8crore demat accounts It is estimated thatcrore demat accounts. It is estimated thatonly 40% are active

Gold in one of its purest form is sold inpaper form Gold ETFs which requirepaper form – Gold ETFs which requiredemat account

Total size of the Gold ETF industry isRs 3350 crores growing at 92% p aRs.3350 crores. growing at 92% p.amainly to rise in price rise

Facilities like Systemtic investmentsPlans (SIPs) are not available forPlans (SIPs) are not available forinvestment in Gold ETFs Source: Hindu Business Line

G ld D l ti C lGold Devaluation Cycle

Buy Gold Coins from Jewellers( G ld P i

Gold coins re- Redesigning of J ll d t Sale of Jewellery( Gold Price+

Vat+ Making Charges)

molded to Jewellery

Jewellery due to fashion changes

Sale of Jewellery due to monetary

needs

At every stage cycle you incur a cost for making charge and it may lead to loss y g y y g g yin the quantity and purity of gold leading to devaluation to the total gold holdings

Introducing Reliance Gold Savings FundFirst gold fund of fund in India

P iti i f th F dIntroducing the first fund of fund in India which enables you to reap the returns of

Positioning of the Fund

gold as an asset class in a paper form without the need of a demat account

This fund would facilitate you to accumulate gold returns from a long term perspective

through lump sum and systematic regular investments

The fund seeks to provide returns that closely correspond to the returns provided by

Reliance Gold Exchange Traded Fund, which in turn invest in physical gold

It aims to give investors the opportunity to participate in the bullion market in a relatively

t ff ti d i tcost effective and convenient way

Benefits of Reliance Gold Savings Fund

• Subscription and redemption available throughOpen Door for Non

Benefits of Reliance Gold Savings Fund

Subsc p o a d ede p o a a ab e ougphysical mode

• No need to open demat account

Open Door for Non Demat a/c holders

• The fund has add on facilities like SystematicTransfer Plan/ Systematic Withdrawal Plan etc.Small regular investments as low as Rs 100 permonth.

Systematic Investing

• Direct purchase and sale of the units at the AMCLiquidity

• Uniform purchase and sale price at the NAVLiquidity

SIP i G ld A d t lth tiSystematic Investing SIP in Gold- An edge to wealth creationSIP Return as on Dec 30, 2010

Period 1 Year 3 Year 5 Year 10 YearsNearly 84 modern

SIP Start Date 04/01/2010 02/01/2008 03/01/2006 02/01/2001

Gold Price (Rs/Gm) (As on 30/12/2010) 2031.42 2031.42 2031.42 2031.42

Total No. of gms accumulated 34 124 258 839

tola in 10 years

Total Amount Invested in Rs.(Monthly SIP of Rs.5000) 60,000 1. 80 lacs 3 lac 6 lacs

Market Value if invested in Gold in Rs. 68,590 2.52 lacs 5.24 lacs 17.03 lacs

Return on SIP in Gold 27.92% 23.28% 22.51% 20.16%

A long term disciplined investment technique which allows you to accumulate gold insmall amounts regularly from a long term perspectiveReliance Gold Savings Fund endeavors to inculcate this habit to your investments toenable you to accumulate the returns of gold

Past Performance may or may not be sustained in future. Assumptions : Returns on SIP of Gold are annualized and cumulative investment return for cash flows resulting out of uniform and regular monthlysubscriptions have been worked out on “Excel” spreadsheet function known as XIRR. It is assumed that a SIP of Rs. 5000/- each executed on 2nd of every month has been taken into consideration including thefirst installment. Disclaimers The amounts invested in SIP and the market values of such investments at respective periodic intervals thereof are simulated for illustrative purposes for understanding the concept ofSIP. This illustration should not be construed as a promise, guarantee on or a forecast of any minimum returns. The Mutual Fund or the Investment Manager does not assure any safeguard of capital and theillustrated returns are not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. SIP does not guarantee or assure any protection against losses indeclining market conditions. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments.

Product FeaturesInvestment Objective : The investment objective of the Scheme is to seek to providereturns that closely correspond to returns provided by Reliance Gold Exchange Traded

Product Features

y p p y gFund

Benchmark: The Scheme’s performance will be benchmarked against the price of physicalgold.

Fund Manager : Hiren ChandariaEntry Load: Nil *

* In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load will be charged for

purchase / additional purchase / switch-in accepted by the Fund with effect from August 01, 2009. Similarly, no entry load will be charged with respect toapplications for registrations under systematic investment plans/ systematic transfer plans accepted by the Fund with effect from August 01, 2009

Exit Load: 2%- If redeemed or switched out on or before completion of 1 year from the date ofallotment of unitsNil - If redeemed or switched out after the completion of 1 year from the date of allotment ofunits

P d t F tAsset Allocation Pattern

I t t I di ti t ll ti Ri k P fil

Product FeaturesAsset Allocation

Instruments Indicative asset allocation (% of total assets)

Risk Profile

Minimum Maximum

Units of Reliance Gold Exchange Traded 95 100 Medium to HighgFund

95 100 Medium to High

Reverse repo and /or CBLO and/or short-term fixed deposits and/or Schemes whichinvest predominantly in the money market

0 5 Low to Medium

p y ysecurities or Liquid Schemes*

*The Fund Manager may invest in Liquid Schemes of Reliance Mutual Fund. However, the FundManager may invest in any other scheme of a mutual fund registered with SEBI, which investg y y g ,predominantly in the money market securitiesThe deviation from the underlying ETF may occur mainly on account of the receipt of cash flowswhich on an average takes 5 days given the existing operational procedure

P d t F t

Mi i A li ti A t R 5 000 d i lti l f R 1 th ft

Product Features

Minimum Application Amount: Rs. 5,000 and in multiples of Re. 1 thereafter

Additional Purchase Amount : Rs 1000 (plus in the multiple of Re.1)

Minimum Purchase Amount through SIP:Minimum Purchase Amount through SIP:Rs.100/- per month and in multiples of Re. 1/- thereafter for minimum 60 months

Rs.500/- per month and in multiples of Re. 1/- thereafter for minimum 12 months

Rs.1000/- per month and in multiples of Re. 1/- thereafter for minimum 6 monthsp p

Rs.500/- per quarter and in multiples of Re. 1/- thereafter for minimum 12 quarters

Rs.1500/- per quarter and in multiples of Re. 1/- thereafter for minimum 4 quarters

T tiTaxation BenefitsType of Taxation Reliance Gold

Savings Fund Gold ETF Jewellers Banks

Taxation

Savings Fund

Wealth Tax Nil Nil Applicable Applicable

Sh T C i l A li bl b f 1 A li bl b f A li bl b f 3 A li bl b fShort Term Capital gains Tax

Applicable before 1 year

Applicable before 1 year

Applicable before 3 years

Applicable before 3 years

Long Term capital gains tax

Applicable after 1 year

Applicable after 1 year

Applicable after 3 years

Applicable after 3 years

The fund avails similar taxation as applicable to debt mutual fund schemes

Long Term Capital Gain Tax of 10 % or 20 % with indexation will be applicable

Short Term Capital Gains applicable as per tax slab for the investorThe tax benefits are as per the current Income Tax laws & rules and any other law for the time being in force. Please refer to Statement of Additional Information for moredetails. Readers are advised to seek independent professional advice and consult their tax advisors and arrive at an informed investment decision before making anyinvestments

SSummaryReliance Gold Savings Fund provides an easy and a convenient way forat least 10% allocation as Portfolio Diversificationat least 10% allocation as Portfolio Diversification

It endeavors to inculcate a regular savings habit to accumulate gold in smallamounts through MICRO Systematic Investment Plan and SystematicInvestment Plan

Opens doors for non – demat account holders as it provides the facility toinvest through the online medium and through physical application modeinvest through the online medium and through physical application mode

It enables you to avail long term taxation benefits from 1 year unlike physicalgold wherein long term taxation can be availed after 3 years

It relieves you from worrying about the purity of physical gold and storagecost

For all the Gold Lovers in India

Reliance Gold Savings FundAn Open Ended Fund of Fund Scheme

Benefits Wahi, Tension Nahi

For all the Gold Lovers in India

Reliance Gold Savings FundAn Open Ended Fund of Fund Scheme

Benefits Wahi, Tension Nahi

For all the Gold Lovers in India

Reliance Gold Savings FundAn Open Ended Fund of Fund SchemeAn Open Ended Fund of Fund Scheme

Benefits Wahi, Tension Nahi

For all the Gold Lovers in India

R li G ld S i F dReliance Gold Savings FundAn Open Ended Fund of Fund Scheme

Benefits Wahi, Tension Nahi

Di l iThe views expressed herein constitute only the opinions and do not constitute any guidelines orrecommendation on any course of action to be followed by the reader. This information is meant for

Disclaimer

general reading purposes only and is not meant to serve as a professional guide for the readers.Certain factual and statistical (both historical and projected) industry and market data and otherinformation was obtained by RCAM from independent, third-party sources that it deems to be reliable,some of which have been cited above. However, RCAM has not independently verified any of suchdata or other information, or the reasonableness of the assumptions upon which such data and otherdata or other information, or the reasonableness of the assumptions upon which such data and otherinformation was based, and there can be no assurance as to the accuracy of such data and otherinformation. Further, many of the statements and assertions contained in these materials reflect thebelief of RCAM, which belief may be based in whole or in part on such data and other information.The Sponsor, the Investment Manager, the Trustee or any of their respective directors, employees,affiliates or representatives do not assume any responsibility for, or warrant the accuracy,completeness, adequacy and reliability of such information. Whilst no action has been solicited basedupon the information provided herein, due care has been taken to ensure that the facts are accurateand opinions given are fair and reasonable. This information is not intended to be an offer or solicitationfor the purchase or sale of any financial product or instrument. Recipients of this information should relyfor the purchase or sale of any financial product or instrument. Recipients of this information should relyon information/data arising out of their own investigations. Readers are advised to seek independentprofessional advice, verify the contents and arrive at an informed investment decision before makingany investments.

Di l iNone of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees,affiliates or representatives shall be liable for any direct, indirect, special, incidental, consequential,

Disclaimer

punitive or exemplary damages, including lost profits arising in any way from the information containedin this material.The Sponsor, the Investment Manager, the Trustee, any of their respective directors, employeesincluding the fund managers, affiliates, representatives including persons involved in the preparation orissuance of this material may from time to time have long or short positions in and buy or sell theissuance of this material may from time to time, have long or short positions in, and buy or sell thesecurities thereof, of company(ies) / specific economic sectors mentioned herein.Reliance Gold Savings Fund (An Open Ended Fund of Fund Scheme): The investment objective ofthe Scheme is to seek to provide returns that closely correspond to returns provided by Reliance GoldExchange Traded Fund (RGETF). Asset allocation Pattern: Units of RGETF – 95 to 100%, Reverseg ( )repo and /or CBLO and/or short-term fixed deposits and/or Schemes which invest predominantly in themoney market securities or Liquid Schemes* - 0 to 5%. *The Fund Manager may invest in LiquidSchemes of Reliance Mutual Fund. However, the Fund Manager may invest in any other scheme of amutual fund registered with SEBI, which invest predominantly in the money market securities. LoadStructure: (for investments made during NFO and Ongoing offer period) Entry Load Nil Exit LoadStructure: (for investments made during NFO and Ongoing offer period) Entry Load - Nil. Exit Load -2%- If redeemed or switched out on or before completion of 1 year from the date of allotment of units,Nil thereafter.

DisclaimerTerms of issue and mode of sale and redemption of units: The units are available at Rs. 10/- per unit duringNFO & thereafter at applicable NAV based prices. The Scheme will offer for Subscription/ Switch-in andRedemption / Switch-out of Units on every Business Day on an ongoing basis, within five business days of

Disclaimer

Redemption / Switch out of Units on every Business Day on an ongoing basis, within five business days ofallotment. The redemption or repurchase proceeds shall be dispatched to the unitholders within 10 BusinessDays from the date of redemption or repurchase. Investor benefits and general services offered: TheScheme offers Systematic Investment Plan, Auto Switch facility and Online Transactions during the NFO period.The NAV of Scheme shall be published on a daily basis by the Mutual Fund at least in two daily newspapers andwill also uploaded on the AMFI site www amfiindia com and Reliance Mutual Fund site i ewill also uploaded on the AMFI site www.amfiindia.com and Reliance Mutual Fund site i.e.www.reliancemutual.com.Reliance Gold Exchange Traded Fund is an open-ended Gold Exchange Traded Fund that tracks thedomestic prices of gold through investments in physical Gold.) The investment objective is to seek toprovide returns that closely correspond to returns provided by price of gold through investment in physical Gold(and Gold related securities as permitted by Regulators from time to time) However the performance of the(and Gold related securities as permitted by Regulators from time to time). However, the performance of thescheme may differ from that of the domestic prices of Gold due to expenses and or other related factors. AssetAllocation Pattern: Physical Gold or Gold Related Instruments as permitted by regulators from time to time - 90to 100%, Money Market instruments, Bonds, Debentures, Government Securities including T-Bills, SecuritisedDebt & other debt securities as permitted by regulators from time to time – 0 to 10%. Load Structure – EntryL d & E it L d Nil T f I A th it f th h li t d th E h b tLoad & Exit Load – Nil. Terms of Issue - As the units of the scheme are listed on the Exchange, subsequentbuying or selling (trading) by Unit holders can be made from the secondary market on all trading days. Theminimum number of Units that can be bought or sold on the exchange is 1 (one) unit.

DisclaimerDisclaimStatutory Details: Reliance Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian TrustsAct, 1882. Sponsor: Reliance Capital Limited. Trustee: Reliance Capital Trustee Company Limited. Investment Manager:Reliance Capital Asset Management Limited (Registered Office of Trustee & Investment Manager: “Reliance House” Nr.Mardia Pla a Off C G Road Ahmedabad 380 006) The Sponsor the Tr stee and the In estment Manager are incorporated

Disclaimer

Mardia Plaza, Off. C.G. Road, Ahmedabad 380 006). The Sponsor, the Trustee and the Investment Manager are incorporatedunder the Companies Act 1956. The Sponsor is not responsible or liable for any loss resulting from the operation of theScheme beyond their initial contribution of Rs.1 lakh towards the setting up of the Mutual Fund and such other accretions andadditions to the corpus.Risk Factors: Mutual Funds and securities investments are subject to market risks, and there is no assurance or guarantee thatthe objectives of the Scheme will be achieved As with any investment in securities the NAV of the Units issued under thethe objectives of the Scheme will be achieved. As with any investment in securities, the NAV of the Units issued under theScheme can go up or down depending on the factors and forces affecting the securities market. Reliance Gold Savings Fundand Reliance Gold Exchange Traded Fund are only the names of the Schemes and do not in any manner indicates either thequality of the Scheme; its future prospects or returns. Past performance of the Sponsor/AMC/Mutual Fund is not indicative ofthe future performance of the Scheme. The Mutual Fund is not assuring that it will make periodical dividend distributions,though it has every intention of doing so. All dividend distributions are subject to the availability of distributable surplus in theg y g j y pScheme. The NAV of the Scheme may be affected, interalia, by changes in the market conditions, interest rates, tradingvolumes, settlement periods and transfer procedures. Being a Fund of Fund Scheme, it may be noted that the investors arebearing the risk and the recurring expenses of RGETF also. For detailed risk factors, please refer to the Scheme InformationDocument & Key Information Memorandum, which is available at all the DISC, Distributors and www.reliancemutual.com.Investors can also call at our call centre 1800-300-11111 (toll free) for more details. Please read the Scheme InformationD t d St t t f Additi l I f ti f ll b f i tiDocument and Statement of Additional Information carefully before investing.

Thank you

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