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Reliance Interval Fund - III - Series 1(A Debt Oriented Interval Scheme)

Scheme Information Document

The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document.The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centres /Website / Distributors or Brokers.The investors are advised to refer to the Statement of Additional Information (SAI) for details of Reliance Mutual Fund, Tax and Legal issues and general information on www.reliancemutual.com.Reliance Mutual Fund/Reliance Nippon Life Asset Management Limited (RNAM) (formerly Reliance Capital Asset Management Limited) and its empanelled brokers has not given and shall not give any indicative portfolio and indicative yield in any communication, in any manner whatsoever. Investors are advised not to rely on any communication regarding indicative yield/portfolio with regard to the scheme.

SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website.

The Scheme Information Document should be read in conjunction with the SAI and not in isolation.

“BSE Ltd. (“the Exchange”) has given vide its letter DCS/IPO/AM/MF-IP/338/2014-15 dated August 4, 2014 permission to Reliance Mutual Fund to use the Exchange’s name in this SID as one of the Stock Exchanges on which this Mutual Fund’s Unit are proposed to be listed. The Exchange has scrutinized this SID for its limited internal purpose of deciding on the matter of granting the aforesaid permission to Reliance Mutual Fund. The Exchange does not in any manner: - i) warrant, certify or endorse the correctness or completeness of any of the contents of this SID; or ii) warrant that this scheme’s unit will be listed or will continue to be listed on the Exchange; or iii) take any responsibility for the financial or other soundness of this Mutual Fund, its promoters, its management or any scheme or project of this Mutual Fund; and it should not for any reason be deemed or construed that this SID has been cleared or approved by the Exchange. Every person who desires to apply for or otherwise acquires any unit of Reliance Interval Fund - III - Series 1 of this Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription/acquisition whether by reason of anything stated or omitted to be stated herein or for any other reason whatsoever”This Scheme Information Document is dated June 28, 2017 and was approved by the Board of Trustees on July 28, 2014.

NAME OF MUTUAL FUND

Reliance Mutual Fund (RMF)

NAME OF ASSET MANAGEMENT COMPANY

Reliance Nippon Life Asset Management Limited (RNAM)

(formerly Reliance Capital Asset Management Limited)

CIN : U65910MH1995PLC220793

NAME OF TRUSTEE COMPANY

Reliance Capital Trustee Co. Limited (RCTC)

CIN : U65910MH1995PLC220528

Registered Office (RMF, RNAM, RCTC)

Reliance Centre, 7th Floor South Wing,

Off Western Express Highway,

Santacruz (East), Mumbai - 400 055.

Tel No. - 022- 33031000; Fax No. - 022- 33037662

Website : www.reliancemutual.com

Product LabelThis product is suitable for investors who are seeking*:

• regular returns & growth of capital over the term of the fund, with the flexibility to enter / exit at fixed intervals

• investment in fixed income securities, money market and G-sec instruments

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Continuous offer of the Units of the face value of Rs. 10 each for cash at NAV based prices (subject to applicable load)

TABLE OF CONTENTS

Sr. No. Particulars Page Nos.

1. Highlights / Summary of the Scheme 1

2. SECTION I - INTRODUCTION 4

A. Risk factors 4

B. Requirement of Minimum Investors in the Scheme 6

C. Special Considerations, if any. 6

D. Definitions and Abbreviations 7

E. Due Diligence by the Asset Management Company 9

3. SECTION II – INFORMATION ABOUT THE SCHEME 10

A. Type of the Scheme 10

B. What is the investment objective of the Scheme? 10

C. How will the Scheme allocate its assets? 10

D. Where will the Scheme Invest? 10

E. What are the investment strategies? 14

F. Fundamental attributes 19

G. How will the Scheme benchmark its performance? 20

H. Who manages the Scheme? 20

I. What are the investment restrictions? 20

J. How has the Scheme performed? 22

K. ADDITIONAL DISCLOSURES 23

4. SECTION III – UNITS AND OFFER 24

A. New Fund Offer (NFO) 24

B. Ongoing Offer Details 29

C. Periodic disclosures 38

D. Computation of NAV 40

5. SECTION IV – FEES AND EXPENSES 41

A. New Fund Offer (NFO) Expenses 41

B. Annual Scheme Recurring Expenses 41

C. Load structure 42

D. Waiver of load for Direct Applications 43

E. TRANSACTION CHARGES : 43

6. SECTION V - RIGHTS OF UNITHOLDERS 44

7. SECTION VI - PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY

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1

HIGHLIGHTS/SUMMARY OF THE SCHEME1. Investment Objective

Theprimaryinvestmentobjectiveoftheschemeistoseektogeneratereturnsandgrowthofcapitalbyinvestinginadiversifiedportfolioofthefollowingsecuritieswhicharematuringonorbeforethenextspecifiedtransactiondateoftheschemewiththeobjectiveoflimitinginterest rate volatility.: -

• CentralandStateGovernmentsecuritiesand • Otherfixedincome/debtsecurities

However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

2. Liquidity

TheunitscanbepurchasedfromtheAMCduringtheSpecifiedTransactionPeriodofthescheme.TheapplicationsforSale/SwitchinandRedemption/SwitchoutrequestswillbeacceptedduringnormalbusinesshoursonthefirstdayoftheSpecifiedTransactionPeriodandupto3.00p.m.ontheseconddayoftheSpecifiedTransactionPeriod

Noredemption/repurchaseofunitsshallbeallowedintheschemeexceptduringtheSpecifiedTransactionPeriod.However,sinceiftheunitsareheldindematerializedform,sotheinvestorscanbuy/sellunitsonacontinuousbasisonthestockexchanges(s)onwhichtheunitsarelistedandcanbepurchased/soldunitsduringthetradinghourslikeanyotherpubliclytradedstock,exceptduringthetemporarysuspensionperiod,ifany.Noredemption/repurchaseofunitsshallbeallowedwiththeFundexceptduringtheSpecifiedTransactionPeriod.Moreover,noredemption/switchoutwillbeallowedduringtheseconddayoftheSTPforpurchaseswitch-insmadeduringthefirstdayoftheSTP.

AsperSEBIRegulations,theMutualFundshalldispatchRedemptionproceedswithin10WorkingDaysofreceivingavalidRedemptionrequest.IncasetheRedemptionproceedsarenotmadewithin10WorkingDaysofthedateofreceiptofavalidRedemptionrequest,interestwillbepaid@15%perannumfromthe11thdayonwardsorsuchotherrateasmaybeprescribedbySEBIfromtimetotime,TheAMCshallhavetheflexibilitytochange/alterthe“SpecifiedTransactionPeriod”dependingupontheprevailingthemarketconditionsandin the interest of the unit holders

3. Benchmark

CrisilShortTermBondFundIndex

4. Transparency/ NAV Disclosure

1. IntermsofRegulation48(2)oftheSEBIMutualFundsRegulation1996,andSEBI/IMD/CIRNo.12/147132/08datedDecember11,2008NAVshallbecalculatedandpublishedatleastin2dailynewspapersonadailybasis.TheMutualFundshalldeclaretheNetassetvalueoftheschemeoneverybusinessdayonAMFI’swebsitewww.amfiindia.comby9.00p.m.onthedayofdeclarationoftheNAVandalsoonwww.reliancemutual.com.

2. SincetheSchemeisproposedtobelistedonBombayStockExchangeorsuchotherrecognizedStockExchange,thelistedpriceontherespectiveStockExchangewouldbeapplicable.

3. IftheNAVsarenotavailablebeforecommencementofbusinesshoursonthefollowingdayduetoanyreason,theFundshallissueapressreleaseprovidingreasonsandexplainingwhentheFundwouldbeabletopublishtheNAVs

4. TheinformationonNAVmayalsobeobtainedbytheUnitholders,onanydayfromtheofficeoftheAMC/theofficeoftheRegistrarinHyderabadoranyoftheotherDesignatedInvestorServiceCentres.Investorsmayalsoobtaininformationonthepurchase/salepriceforagivendayonanytheofficeoftheAMC/theofficeoftheRegistrarinHyderabad/anyoftheotherDesignatedInvestorServiceCentres.InvestorsmayalsonotethatRelianceMutualFundshallserviceitscustomersthroughthecallcenterfromMondaytoSaturdaybetween8.00amto9.00pm.However,24x7facilityshallbeavailableforaddressingthequeriesthroughinteractivevoiceresponse(IVR)andforhotlistingtheRelianceAnyTimeMoneyCard.Investormayalsocallcustomerservicecentreat30301111,callersoutsideIndia(TollFreeNo.1800-300-11111),pleasedial91-22-30301111

5. PublicationofAbridgedHalf-yearlyFinancialExtractsinthePublicationsorasmaybeprescribedundertheRegulationsfromtimetotime. 6. CommunicationofPortfolioonahalf-yearlybasistotheUnitHoldersdirectlyorthroughthePublicationsorasmaybeprescribed

undertheRegulationsfromtimetotimeontheRMFWebsitei.e.www.reliancemutual.com. 7. DispatchorE-mailoftheAnnualReportsoftheschemewithinthestipulatedperiodasrequiredundertheRegulations. 8. Thefundshalldisclosethescheme’sportfoliointheprescribedformatasonthelastdayofthemonthforalltheschemesofRMFon

orbeforethetenthdayofthesucceedingmonthorwithinsuchtimelinesasprescribedbySEBIfromtimetotimeontheRMFWebsitei.e. www.reliancemutual.com

5. SpecifiedTransactionPeriod

TheSpecifiedDate(s)/Periodon/duringwhichsubscription/Redemption/Switch-out/Switchinmaybemade in theschemeprovidedsuchadayisa‘WorkingDay’.Incasesuchadayisanon-workingday,thentheimmediatenextworkingdayshallbeconsideredasthe“SpecifiedTransactionPeriod”.

TheSpecifiedTransactionPeriodshallbeforminimumtwoworkingdaysThesameisgivenbelow:

Scheme Name Frequency SpecifiedTransactionPeriodRelianceIntervalFund–III-Series1

367days Thetenureoftheschemeshallbeof367days.Thefirstspecifiedtransactiondatewouldbethe367th&368thdayforRelianceIntervalFund–III-Series1fromthedateofallotment.Subsequently,thespecifiedtransactiondate(s)wouldbegenerallythe367th&368thdayforRelianceIntervalFund–III-Series1fromtheclosureofpreviousspecifiedtransactiondate(s)

Incaseoneorbothof thespecified transactiondays isanon-businessday (s) , then the immediatenextbusinessday (s) shall beconsideredforthe“SpecifiedTransactionPeriod”

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TheAMCshallhavetheflexibilitytochange/alterthe“SpecifiedTransactionPeriod”dependingtheprevailingthemarketconditionstoprotect the interest of the investors.

6. Loads

(i) EntryLoad–NotApplicable

InaccordancewiththerequirementsspecifiedbytheSEBIcircularSEBI/IMD/CIRNo.4/168230/09datedJune30,2009noentryloadwillbechargedforpurchase/additionalpurchase/switch-inacceptedbyRMFwitheffectfromAugust01,2009.

Theupfrontcommissiononinvestmentmadebytheinvestor,ifany,willbepaidtotheARNHolder(AMFIregisteredDistributor)directlybythe investor, based on the investor's assessment of various factors including service rendered by the ARN Holder.

(ii) ExitLoad–

(a) DuringSpecifiedTransactionPeriod: Nil

(b) OtherthanSpecifiedTransactionPeriod:Not Applicable

TheUnitsundertheschemecannotbedirectlyredeemedwiththeFundastheunitswillbelistedontheStockExchange(s).TheseunitscanbesoldonacontinuousbasisontheStockExchange(s)wheretheunitsarelistedduringthetradinghoursonalltradingdays.TheAMCreservestherighttochange/alterthe“SpecifiedTransactionPeriod”and/or“LoadStructure”dependingupon the prevailing the market conditions and in the interest of the unit holders.

Thetrustee/AMCreservestherighttochange/modifytheloadonafuturedateonprospectivebasis.

Exitloadifcharged,byRMFtotheunitholdersshallbecreditedtotheschemeimmediatelynetofservicetax,ifany.

PursuanttoSEBIcircularNo.SEBI/IMD/CIRNo.14/120784/08datedMarch18,2008,witheffectfromApril1,2008,noentryloador exit load shall be charged in respect of bonus units and of units allotted on reinvestment of dividend.

7. TranSacTiOnchargeS:

InaccordancewithSEBICircularNo.IMD/DF/13/2011datedAugust22,2011,witheffectfromNovember1,2011,RNAM/RMFshalldeductaTransactionChargeonperpurchase/subscriptionofRs.10,000/-andabove,asmaybereceivedfromnewinvestors(aninvestorwhoinvestsforthefirsttimeinanymutualfundschemes)andexistinginvestors.Thedistributorsshallhaveanoptiontoeither“Opt-in/Opt-out”fromlevyingtransactionchargebasedonthetypeofproduct.Therefore,the“Opt-in/Opt-out”statusshallbeatdistributorlevel,basistheproductselectedbythedistributorattheMutualFundindustrylevel.Suchchargesshallbedeductediftheinvestmentsarebeingmadethroughthedistributor/agentandthatdistributor/agenthasoptedtoreceivethetransactionchargesasmentionedbelow:

• For the new investor a transaction charge of Rs 150/- shall be levied for per purchase / subscription of Rs 10,000 and above; and • For the existing investor a transaction charge of Rs 100/- shall be levied for per purchase / subscription of Rs 10,000 and above. Thetransactionchargeshallbedeductedfromthesubscriptionamountandpaid to thedistributor/agent,asthecasemaybeandthe

balance shall be invested. The statement of account shall clearly state that the net investment as gross subscription less transaction charge and give the number of units allotted against the net investment.

Transaction charges shall not be deducted if: (a) Theamountperpurchases/subscriptionsislessthanRs.10,000/-; (b) Thetransactionpertainstootherthanpurchases/subscriptionsrelatingtonewinflowssuchasSwitch/STP/DTP,etc. (c) Purchases/SubscriptionsmadedirectlywiththeFundthroughanymode(i.e.notthroughanydistributor/agent). (d) SubscriptionmadethroughExchangePlatformirrespectiveofinvestmentamount.

8. Plans&Options

i. GrowthPlan-GrowthOption

ii. DividendPlan-DividendPayoutOption

iii. DirectPlan-GrowthPlan-GrowthOption

iv. DirectPlan-DividendPlan-DividendPayoutOption

However distribution of dividends will be subject to the availability of distributable surplus.

DirectPlanisonlyforinvestorswhopurchase/subscribeUnitsinaSchemedirectlywiththeFund(i.e.investmentsnotroutedthroughanAMFIRegistrationNumber(ARN)Holder).

FordefaultPlans/Option,pleaserefertheparatittled“Plans/Optionsoffered”coveredunderSectionIII-“UNITSANDOFFER”.

TheAMC,inconsultationwiththeTrusteesreservestherighttodiscontinue/addmoreplans/optionsatalaterdatesubjecttocomplyingwiththeprevailingSEBIguidelinesandRegulations.

9. Minimum Application Amount

newFundOffer&DuringSpecifiedTransactionPeriod:

i. ForFirstPurchase(allOptions/Plans)

Rs.5,000/-andinmultiplesofRe.1/-thereafter

ii. additionalSubscription/investmentamount(allOptions/Plans)

Rs.1,000/-andinmultiplesofRe.1/-thereafter

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OtherthanSpecifiedTransactionPeriod: Noredemption/repurchaseofunitsshallbeallowedintheschemeexceptduringtheSpecifiedTransactionPeriod.However,sinceifthe

unitsareheldindematerializedform,sotheinvestorscanbuy/sellunitsonacontinuousbasisonthestockexchanges(s)onwhichtheunitsarelistedandcanbepurchased/soldunitsduringthetradinghourslikeanyotherpubliclytradedstock,exceptduringthetemporarysuspension period, if any.

RNAMmayrevisetheminimum/maximumamountsandthemethodologyfornew/additionalsubscriptions,asandwhennecessary.Suchchangemaybebroughtaboutaftertakingintoaccountthecoststructureforatransaction/accountand/orMarketpracticesand/ortheinterest of existing unitholders.

Further,suchchangesshallonlybeapplicabletotransactionsfromthedateofsuchachange,onaprospectivebasis.

10. Physical/Dematerialization TheUnitholdersaregivenanOptiontoholdtheunitsbywayofanAccountStatement(Physicalform)orinDematerialized(‘Demat’)form.

ModeofholdingshallbeclearlyspecifiedintheKIMcumapplicationform.Unitholdersholdingtheunitsinphysicalformwillnotbeabletotradeortransfertheirunitstillsuchunitsaredematerialized.UnitholdersoptingtoholdtheunitsindematformmustprovidetheirDematAccountdetailsinthespecifiedsectionoftheapplicationform.TheUnitholderintendingtoholdtheunitsinDematformarerequiredtohaveabeneficiaryaccountwiththeDP(registeredwithNSDL/CDSLasmaybeindicatedbytheFundatthetimeoflaunchofthescheme)andwillberequiredtoindicateintheapplicationtheDP'sname,DPIDNumberandthebeneficiaryaccountnumberoftheapplicantwiththeDP.

IncaseUnitholdersdonotprovidetheirDematAccountdetails,anAccountStatementshallbesenttothem.Suchinvestorswillnotbeableto trade on the stock exchange till the holdings are converted in to demat form.

Unitholdersmaypleasenotethatrequestforconversionofunitsheldinnon-dematformintoelectronic/dematformcanbesubmittedtotheirDepositoryParticipants.Theseunitsonceconvertedintodemat/electronicmodewillthenbeeligiblefortradingontheBSEorotherrecognizedstockexchangesinIndiaasdecidedbytheAMCfromtimetotime.

11. Transfer of Units UnitsheldbywayofanAccountStatementcannotbetransferred.UnitsheldinDematformaretransferableinaccordancewiththeprovisions

ofSEBI(DepositoriesandParticipants)Regulations,asmaybeamendedfromtimetotime.TransfercanbemadeonlyinfavoroftransfereeswhoarecapableofholdingunitsandhavingaDematAccount.

ThedeliveryinstructionsfortransferofunitswillhavetobelodgedwiththeDPinrequisiteformasmayberequiredfromtimetotime and transfer will be effected in accordance with such rules / regulations as may be in force governing transfer of securities in dematerialized mode

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I – INTRODUCTION

A. RISK FACTORS

1. STANDARD RISK FACTORS

i. MutualFundsandsecuritiesinvestmentsaresubjecttoinvestmentriskssuchastradingvolumes,settlementrisk,liquidityrisk,anddefaultriskincludingthepossiblelossofprincipalandthereisnoassuranceorguaranteethattheobjectivesoftheSchemewillbeachieved.

ii. Astheprice/value/ interestrateof thesecurities inwhichtheschemeinvestsfluctuates, theNAVof theunits issuedundertheSchemecangoupordowndependingonthefactorsandforcesaffectingthecapitalmarkets.

iii. PastperformanceoftheSponsor/AMC/MutualFundisnotindicativeofthefutureperformanceoftheScheme.

iv. RelianceIntervalFund–III-Series1isonlythenameoftheSchemeanddoesnotinanymannerindicateeitherthequalityoftheScheme,itsfutureprospectsorreturns.

v. TheSponsorisnotresponsibleorliableforanylossresultingfromtheoperationoftheSchemebeyondtheirinitialcontributionofRs.1lakhtowardsthesettingupoftheMutualFundandsuchotheraccretionsandadditionstothecorpus.

vi. Thepresentschemeisnotaguaranteedorassuredreturnscheme.TheMutualFundisnotguaranteeingorassuringanydividend.TheMutualFundisalsonotassuringthatitwillmakeperiodicaldividenddistributions,thoughithaseveryintentionofdoingso.Alldividend distributions are subject to the availability of the distributable surplus of the scheme.

2. ScheMeSPeciFicriSKFacTOrS

i. Risks associated with investing in Bonds

InvestmentinDebtissubjecttoprice,credit,andinterestraterisk.TheNAVoftheSchememaybeaffected,interalia,bychangesinthe market conditions, interest rates, trading volumes, settlement periods and transfer procedures.

InvestinginBondsandFixedIncomesecuritiesaresubjecttotheriskofanIssuer’sinabilitytomeetprincipalandinterestpaymentsobligation(creditrisk)andmayalsobesubjecttopricevolatilityduetosuchfactorsasinterestratesensitivity,marketperceptionofthecreditworthinessoftheissuerandgeneralmarketliquidity(marketrisk).

Thetimingoftransactionsindebtobligations,whichwilloftendependonthetimingofthePurchasesandRedemptionsintheScheme,may result in capital appreciation or depreciation because the value of debt obligations generally varies inversely with the prevailing interest rates.

a. Interest Rate Risk

Aswithalldebtsecurities,changesininterestrateswillaffecttheScheme’sNetAssetValueasthepricesofsecuritiesgenerallyincreaseasinterestratesdeclineandgenerallydecreaseasinterestratesrise.Pricesoflonger-termsecuritiesgenerallyfluctuatemoreinresponsetointerestratechangesthandoshorter-termsecurities.InterestratemovementsintheIndiandebtmarketscan be volatile leading to the possibility of large price movements up or down in debt and money market securities and thereby topossiblylargemovementsintheNAV.

b. Liquidity or Marketability Risk

Thisreferstotheeaseatwhichasecuritycanbesoldatornearitstruevalue.Theprimarymeasureofliquidityriskisthespreadbetweenthebidpriceandtheofferpricequotedbyadealer.LiquidityriskischaracteristicoftheIndianfixedincomemarket

c. Credit Risk

Creditriskordefaultriskreferstotheriskwhichmayariseduetodefaultonthepartoftheissuerofthefixedincomesecurity(i.e.willbeunabletomaketimelyprincipalandinterestpaymentsonthesecurity).Becauseofthisriskdebenturesaresoldatayield spread above those offered on Treasury securities, which are sovereign obligations and generally considered to be free of creditrisk.Normally,thevalueofafixedincomesecuritywillfluctuatedependingupontheactualchangesintheperceivedlevelof credit risk as well as the actual event of default.

d. Reinvestment Risk

ThisriskreferstotheinterestratelevelsatwhichcashflowsreceivedfromthesecuritiesintheSchemeorfrommaturitiesintheSchemearereinvested.Theadditionalincomefromreinvestmentisthe“interestoninterest”component.Theriskreferstothefallintherateforreinvestmentofinterimcashflows.

e. Risks associated with various types of securitiesCREDIT RISK LIQUIDITY RISK PriceriSK

Listed Dependsoncreditquality RelativelyLow DependsondurationofinstrumentUnlisted Dependsoncreditquality Relatively High DependsondurationofinstrumentSecured Relatively low RelativelyLow DependsondurationofinstrumentUnsecured Relatively high Relatively High DependsondurationofinstrumentRated Relatively low and depends on the rating RelativelyLow DependsondurationofinstrumentUnrated Relatively high Relatively High Dependsondurationofinstrument

DifferenttypesofsecuritiesinwhichtheschemewouldinvestasgivenintheSchemeInformationDocumentcarrydifferentlevelsandtypesofrisk.Accordingly,thescheme’sriskmayincreaseordecreasedependinguponitsinvestmentpatterne.g.corporatebonds,carryahigherlevelofriskthanGovernmentsecurities.Furtherevenamongcorporatebonds,bondswhichareAAAratedare comparatively less risky than bonds which are AA rated.

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ii. Risk associated with investing in Derivatives

a. Valuation Risk The risk in valuing the debt derivative products due to inadequate trading datawith good volumes.Derivativeswith longer

duration would have higher risk vis-à-vis the shorter duration derivatives. b. Mark to Market Risk Theday-to-daypotentialforaninvestortoexperiencelossesfromfluctuationsinunderlyingstockpricesandderivativesprices. c. Systematic Risk Therisksinherentinthecapitalmarketduetomacroeconomicfactorslikeinflation,GDPandglobalevents. d. Liquidity Risk The risks stemming from the lack of availability of derivatives products across different maturities and with various risk appetite. e. Implied Volatility Theestimatedvolatilityinanunderlyingsecurity’spriceandderivativeprice. f. Interest Rate Risk TheriskstemmingfromthemovementofInterestratesinadversedirection.Aswithallthedebtsecurities,changesintheinterest

rates will affect the valuation of the portfolios. g. Counterparty Risk (Default Risk) Defaultriskistheriskthatlosseswillbeincurredduetothedefaultbythecounterpartyforoverthecounterderivatives. h. System Risk The riskarisingdue to failureofoperationalprocesses followedby theexchangesandOTCparticipants for thederivatives

trading. iii. Risk attached with the use of derivatives a. Asandwhen theScheme trades in thederivativesmarket thereare risk factorsand issuesconcerning theuseofderivatives that

investors should understand.Derivative products are specialized instruments that require investment techniquesand risk analysisdifferentfromthoseassociatedwithstocksandbonds.Theuseofaderivativerequiresanunderstandingnotonlyoftheunderlyinginstrumentbutofthederivativeitself.Derivativesrequirethemaintenanceofadequatecontrolstomonitorthetransactionsenteredinto,the ability to assess the risk that a derivative adds to the portfolio and the ability to forecast price or interest rate movements correctly. Thereisapossibilitythatalossmaybesustainedbytheportfolioasaresultofthefailureofanotherparty(usuallyreferredtoasthe“counterparty”)tocomplywiththetermsofthederivativescontract.Otherrisksinusingderivativesincludetheriskofmispricingorimproper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.

b. Derivativeproductsareleveragedinstrumentsandcanprovidedisproportionategainsaswellasdisproportionatelossestotheinvestor.Executionofsuchstrategiesdependsupontheabilityofhefundmanagertoidentifysuchopportunities.Identificationand execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not alwaysbeprofitable.Noassurancecanbegiventhatthefundmanagerwillbeabletoidentifyorexecutesuchstrategies.

c. The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments.

iv. Risks associated with Listing of Units Listingoftheunitsofthefunddoesnotnecessarilyguaranteetheirliquidityandtherecanbenoassurancethatanactivesecondary

marketfortheunitswilldeveloporbemaintained.Consequently,theFundmayquotebelowitsfacevalue/NAV.Therehavebeentimesinthepast,whensettlementshavebeenunabletokeeppacewiththevolumeofsecuritiestransactions,makingitdifficulttoconductfurthertransactions.DelaysorotherproblemsinsettlementoftransactionscouldresultintemporaryperiodswhentheassetsoftheSchemearenotinvestedandnoreturnisearnedthereon.

TheliquidityandvaluationoftheScheme’sinvestmentsduetoitsholdingsofunlistedsecuritiesmaybeaffectediftheyhavetobesold prior to their target date of disinvestment.

v. Risk Associated with Securitised Debt Aswithanyotherdebtinstrument,thefollowingriskfactorshavetobetakenintoconsiderationwhileinvestinginPTCs: a. Credit Risk SincemostofthePTCsaredrawnfromacherrypickedpoolofunderlyingassets,theriskofdelay/defaultduetopoorcredit

qualityislow.FurthermoremostofthePTCsenjoyadditionalcashflowcoverageintermsofsubordinationbyanotherlowerclassofPTCsorintermsofexcesscashcollateralization.

b. Liquidity Risk Historically the secondary market volume of securitised papers has been limited. This could limit the ability of the fund to resell

them.Secondarymarkettradescouldbeatadiscountorpremiumdependingupontheprevailinginterestrates. c. Pricerisk/interestraterisk Thepriceriskoftheseinstrumentsshallbeinlinewiththematurity/durationofsuchinstruments.Howevergiventhefactthat

theseinstrumentswillhaveamaturityprofileupto2years,thedurationriskisrelativelyless. DomesticSecuritiseddebtcanhavedifferentunderlyingassetsandtheseassetshavedifferentriskcharacteristics.Thesemay

be as given in the following example: Security1-BackedbyreceivablesofpersonalloansoriginatedbyXYZBankSpecificRiskFactors:Lossduetodefaultand/or

paymentdelayonReceivables,PrematureTerminationofFacilityAgreements,Limitedlosscover,DelinquencyandCreditRisk,

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LimitedLiquidityandPriceRisk,Originator/CollectionAgentRisk,BankruptcyoftheOriginator,Co-minglingoffunds

Security2-SeniorSeriesPassThroughCertificatesbackedbycommercialvehiclesandtwo-wheelerloanandloanreceivablesfromABCBankLimited

vi) Risk factors associated with repo transactions in corporate bonds -

• Themarketfortheaforesaidproductisoverthecounter(OTC)andilliquid.Hence,repoobligationscannotbeeasilysoldtootherparties.Ifacounterpartyfails,theschemewouldhavetotakerecoursetothecollateralprovided.Ifacounterpartyfailstorepayandthevalueofthecollateralfallsbeyondthehaircut,thentheSchemewouldbeexposedtoalossofinterestorprincipal

• Further,iftheSchemeneedstotakerecoursetothedebtsecuritiesprovidedascollateral,andtheissuerofthedebtsecuritiesmakes a default, the scheme may lose the whole, or substantial portion of the amount . This risk is somewhat mitigated by the fact that only bonds which have credit rating of AA and above can be accepted as collateral for repo transactions.

vii. OtherSchemeSpecificriskfactors

a. The liquidity of theScheme’s investmentsmaybe inherently restricted by trading volumes, settlement periods and transferprocedures.Intheeventofaninordinatelylargenumberofredemptionrequests,orofare-structuringoftheScheme’sinvestmentportfolio,theseperiodsmaybecomesignificant.

b. Although,theobjectiveoftheFundistogenerateoptimalreturns,theobjectivemayormaynotbeachieved.TheinvestorsmaynotethatiftheAMC/InvestmentManagerisnotabletomakerightdecisionregardingthetimingofinvestmentsinmarket,itmayresult in negative returns.

c. TheNAVoftheschemetotheextentinvestedinDebtandMoneymarketsecuritiesarelikelytobeaffectedbychangesintheprevailingratesofinterestandarelikelytoaffectthevalueoftheScheme’sholdingsandthusthevalueoftheScheme’sUnits.

d. TheAMCmay,consideringtheoveralllevelofriskoftheportfolio,investinlowerrated/unratedsecuritiesofferinghigheryields.This may increase the risk of the portfolio.

e. Securitieswhicharenotquotedonthestockexchangesareinherentlyilliquidinnatureandcarryalargeramountofliquidityrisk,in comparison to securities that are listed on the exchanges or offer other exit options to the investor, including a put option. The AMCmaychoosetoinvestinunlistedsecuritiesthatofferattractiveyields.Thismayincreasetheriskoftheportfolio.

f. Whilesecuritiesthatarelistedonthestockexchangecarrylowerliquidityrisk,theabilitytoselltheseinvestmentsislimitedbytheoveralltradingvolumeonthestockexchanges.Moneymarketsecurities,whilefairlyliquid,lackawell-developedsecondarymarket,whichmayrestrictthesellingabilityoftheSchemeandmayleadtotheSchemeincurringlossestillthesecurityisfinallysold.

g. InvestmentdecisionsmadebytheAMCmaynotalwaysbeprofitable,eventhoughitisintendedtogeneratecapitalappreciationand maximize the returns by actively investing.

h. Thetaxbenefitsavailableundertheschemeareasavailableunderthepresenttaxationlawsandareavailableonlytocertainspecifiedcategoriesofinvestorsandthatissubjecttofulfillmentoftherelevantconditions.TheinformationgivenisincludedforgeneralpurposesonlyandisbasedonadvisethattheAMChasreceivedregardingthelawandthepracticethatiscurrentlyin force in Indiaand the investorsand theUnitholdersshouldbeaware that the relevantfiscal rulesand their interpretationmay change. As is the case with any investment, there can be no guarantee that the tax position or the proposed tax position prevailingatthetimeofinvestmentintheSchemewillendureindefinitely.Inviewoftheindividualnatureoftaxconsequences,eachInvestor/Unitholderisadvisedtoconsulthis/herownprofessionaltaxadvisor.

B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME TheSchemeshallhaveaminimumof20investorsandnosingleinvestorshallaccountformorethan25%ofthecorpusoftheScheme.

TheseconditionswillbecompliedwithimmediatelyafterthecloseoftheNFOitselfi.e.atthetimeofallotment.Incaseofnon-fulfillmentwiththeconditionofminimum20investors,theSchemeshallbewoundupinaccordancewithRegulation39(2)(c)ofSEBI(MF)RegulationsautomaticallywithoutanyreferencefromSEBI.Incaseofnon-fulfillmentwiththeconditionof25%holdingbyasingleinvestoronthedateofallotment,theapplicationtotheextentofexposureinexcessofthestipulated25%limitwouldbeliabletoberejectedandtheallotmentwouldbeeffectiveonlytotheextentof25%ofthecorpuscollected.Consequently,suchexposureover25%limitswillleadtorefundwithin5businessdaysofclosureoftheNewFundOffer.

Theaforesaidprovisionwillbeapplicableatthetimeofallotmenti.e.aftertheSpecifiedTransactionPeriods.

c. SPeciaLcOnSiDeraTiOnS,iFanY

1. Income Distribution

TheMutualFundisnotassuringorguaranteeingthatitwillbeabletomakeregularperiodicalincomedistributionstoitsUnitholders,though it has every intention tomanage the portfolio so as tomake periodical incomedistributions. Incomedistributionswill bedependentontheavailabilityofdistributableandthereturnsachievedbytheAssetManagementCompanythroughactivemanagementoftheportfolio.Periodicalincomedistributionsmaythereforevaryfromperiodtoperiod,basedoninvestmentresultsoftheportfolio.

2. Right to Limit Redemption

TheTrusteeandAMCmay,inthegeneralinterestoftheUnitholdersoftheSchemeunderthisSchemeInformationDocumentandkeepinginviewtheunforeseencircumstances/unusualmarketconditions,limitthetotalnumberofUnitswhichmayberedeemedonanyWorkingDayforredemptionrequestsofmorethanRs.2Lakhsperfolioataschemelevel.inanyScheme..InlinewiththeSEBICirculardatedMay31,2016thefollowingconditionswouldbeapplicable.

a. Restriction may be imposed when there are circumstances leading to a systemic crisis or event that severely constricts market liquidityortheefficientfunctioningofmarketssuchas:

i. Liquidityissues-whenmarketatlargebecomesilliquidandaffectingalmostallsecurities.. ii. Market failures, exchange closures - when markets are affected by unexpected events which impact the functioning of

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exchangesor the regular courseof transactions.Suchunexpectedeventscouldalsobe related topolitical,economic,military, monetary or other emergencies.

iii. Operational issues–whenexceptionalcircumstancesarecausedbyforcemajeure,unpredictableoperationalproblemsandtechnicalfailures(e.g.ablackout)..

b. Restrictiononredemptionmaybeimposedforaspecifiedperiodoftimenotexceeding10workingdaysinany90daysperiod. c. Whenrestrictiononredemptionisimposed,thefollowingprocedureshallbeapplied: i. NoredemptionrequestsuptoINR2lakhshallbesubjecttosuchrestriction. ii. WhereredemptionrequestsareaboveINR2 lakh,AMCsshall redeemthefirst INR2 lakhwithoutsuchrestrictionand

remainingpartoverandaboveINR2lakhshallbesubjecttosuchrestriction. However,suspensionor restrictionof redemptionunderanyschemeof theMutualFundshallbemadeapplicableonlyafter the

approval fromtheBoardofDirectorsof theAssetManagementCompanyandtheTrusteeCompany.Theapproval fromtheAMCBoard and theTrustees giving details of circumstances and justification for the proposed action shall also be informed toSEBIimmediately.

3. SuspensionofPurchase(Subscription)ofUnits ThepurchaseofUnitsmaybesuspendedwithpriorapprovalofTrusteesandAssetManagementCompanygiving thedetailsof

circumstancesandjustificationfortheproposedactionshallalsobeinformedtoSEBI,temporarilyorindefinitelywhenanyofthefollowingconditionsexistatone/moreDesignatedInvestorServiceCentres:

1. When,asaresultofpolitical,economicormonetaryeventsoranycircumstancesoutsidethecontroloftheTrusteeandtheAMC,thedisposaloftheassetsoftheSchemeisnotreasonable,orwouldnotreasonablybepracticablewithoutbeingdetrimentaltotheinterestsoftheUnitholders.

2. IntheeventofbreakdowninthemeansofcommunicationusedforthevaluationofinvestmentsoftheScheme,withoutwhichthevalueofthesecuritiesoftheSchemecannotbeaccuratelycalculated.

3. Duringperiodsofextremevolatilityofmarkets,whichintheopinionoftheAMCareprejudicialtotheinterestsoftheUnitholdersoftheScheme.

4. Incaseofnaturalcalamities,strikes,riotsandbandhs. 5. Intheeventofanyforce,majeureordisasterthataffectsthenormalfunctioningoftheAMCortheRegistrar. 6. IfsodirectedbySEBI Inorder toensure that the investment limitsasperScheduleVII are compliedwith, thenormal time taken toprocesspurchase

requests,asmentionedearlier,maynotbeapplicableduringsuchextraordinarycircumstances.

D. DEFINITIONS AND ABBREVIATIONS

InthisSchemeInformationDocument,thefollowingwordsandexpressionsshallhavethemeaningspecifiedbelow,unlessthecontextotherwiserequires:

Allotment of Units : ForSubscriptionsreceivedattheDISC’swithinthecut-offtimingsandconsideredacceptedforthatday, the units will be allotted on the T day.WheretheTdayisthetransactionday,providedtheapplicationisreceivedwithinthecut-offtimingsfor the transaction day.

Applicable Net Asset Value (NAV)

: ApplicableNAV is theNetAssetValue perUnit at the close of theBusinessDay onwhich theapplicationforpurchaseorredemption/switchisreceivedatthedesignatedinvestorservicecentreand is considered accepted on that day. An application is considered accepted on that day, subject toitbeingcompleteinallrespectsandreceivedpriortothecut-offtimeonthatBusinessDay.

Asset Management Company (AMC/RNAM)/ Investment Manager

: Reliance Nippon Life Asset Management Limited (RNAM) (formerly Reliance Capital AssetManagementLimited), theAssetManagementCompany incorporatedunder theCompaniesAct,1956,andauthorizedbySEBItoactastheInvestmentManagertotheSchemesofRelianceMutualFund.

AMFI AssociationofMutualFunds in India, theapexbodyofall the registeredAMCs incorporatedonAugust22,1995asanon-profitorganisation.

Associate AssociatemeansassociateasdefinedunderSEBI(MutualFunds)Regulations,1996

Business Day / Working Day : Anyday,providedsuchday isnotaSaturdayorSundayoranydayonwhichBanks inMumbaiareClosedforcommercialtransactionsandTheStockExchange,Mumbaiand/orNationalStockExchangeofIndiaLimitedareclosedfortransactionsoradayonwhichbanksareopenbutTheStock Exchange, Mumbai and/or The National Stock Exchange of India Limited are closed fortransactionsoradayonwhichsaleofunitsissuspendedbytheAMCoradayonwhichnormalbusinesscouldnotbetransactedduetostorms,floods,bandhs,strikesetc,subjecttomodificationsby RNAM from time to time.

CBLO : CollateralisedBorrowingandLendingObligation(CBLO)isamoneymarketinstrument,approvedbyRBI, (developedbyCCIL) for thebenefitof theentitieswhohaveeitherbeenphasedout from interbank call money market or have been given restricted participation in terms of ceiling on call borrowing andlendingtransactionsandwhodonothaveaccesstothecallmoneymarket.CBLOisadiscountedinstrument issued in electronic book entry form for the maturity period ranging from one day to one year

Collecting Bank : BranchesofBanksforthetimebeingauthorizedtoreceiveapplication(s)forunits,asmentionedinthis document.

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Continuous Offer : OfferoftheUnitsatNAVbasedpricesduringSpecifiedTransactionPeriod

Custodian : DeutscheBank,NVMumbai,actingasCustodian to theScheme,oranyothercustodianwho isappointed by the Trustee.

Depository : DepositoryasdefinedintheDepositoriesAct,1996(22of1996)Designated Investor Service centres(DiSc)/Officialpoint of acceptance for transaction)

: Any location asmay be defined by theAssetManagementCompany from time to time,whereinvestorscantendertherequestforsubscription,redemptionorswitchingofunits,etc.

Dividend : IncomedistributedbytheSchemeontheUnitsDP DepositoryParticipantmeansapersonregisteredassuchundersubregulation(1A)ofsection12

ofSEBIAct,1992(15of1992)

Entry Load : Loadonsubscriptions/switchin.

Exit Load : Loadonredemptions/switchout.

Foreign Institutional Investors (FII)

: ForeignInstitutional Investors,registeredwithSEBIundertheSecuritiesandExchangeBoardofIndia(ForeignInstitutionalInvestors)Regulations,1995.

FPi : ForeignPortfolioInvestors(FPI)asdefinedinRegulation2(1)(h)ofSecuritiesandExchangeBoardofIndia(ForeignPortfolioInvestors)Regulations,2014.

ISIN InternationalSecurityidentificationNumber.Itisauniquesecuritycodethatdifferentitateseachandevery script from all other script.

Interval Fund : Afundthatisopenforsaleorredemptionintermittently,duringspecified/pre-determinedintervals.

Investment Management Agreement (IMA)

: TheAgreemententered intobetweenRelianceCapitalTrusteeCo.LimitedandRelianceNipponLifeAssetManagementLimited(RNAM)(formerlyRelianceCapitalAssetManagementLimited)bywhichRNAMhasbeenappointedtheInvestmentManagerformanagingthefundsraisedbyRMFunderthevariousSchemesandallamendmentsthereof.

KIM : KeyInformationMemorandumrequiredintermsofregulation29(4)

Load : AchargethatmaybeleviedasapercentageofNAVatthetimeofentryintothescheme/plansoratthetimeofexitingfromthescheme/plans.

Local Cheque : AChequehandledlocallyanddrawnonanybank,whichisamemberofthebanker’sclearinghouselocated at the place where the application form is submitted.

Mutual Fund Regulations (Regulations) / SEBI Regulations

: SecuritiesandExchangeBoardofIndia(MutualFunds)RegulationsasamendedfromtimetotimeandsuchotherRegulationsasmaybeinforcefromtimetotimetoregulatetheactivitiesofMutualFunds.

Net Asset Value (NAV) : NetAssetValueoftheUnitsoftheSchemeiscalculatedinthemannerprovidedinthisSchemeInformationDocumentorasmaybeprescribedbyRegulationsfromtimetotime.TheNAVwillbecomputed upto four decimal places.

Non-Resident Indian (NRI) : Non-ResidentIndian.

New Fund Offer (NFO) OfferoftheunitsunderRelianceIntervalFund-III-Series1duringNewFundOfferPeriod.

PersonofindianOrigin(PiO) : PersonofIndianOrigin

POS : PointofService

POa PowerofAttorney

Prevention of MoneyLaundering(PML)

PreventionofMoneyLaunderingunderPreventionofMoneyLaunderingAct,2002,Regulations,necessarydirectives issuedbySEBI videcirculars from time to time, covering issues related toKnowYourClientnorms,Anti-MoneyLaundering,ClientDueDiligenceandCombatingFinancingofTerrorismincludingreportingguidelines/circularsissuedbyFinancialIntelligenceUnit–India,AssociationofMutualFundsinIndiaandFinancialActionTaskForce.

Plans/Options : TheschemehasthefollowingPlans/Options.i. GrowthPlan-GrowthOptionii. DividendPlan-DividendPayoutOptioniii. DirectPlan-GrowthPlan-GrowthOptioniv. DirectPlan-DividendPlan-DividendPayoutOption

PurchasePrice : PurchasePricetotheinvestorofUnitsofanyoftheplanscomputedinthemannerindicatedinthisSchemeInformationDocument.

redemptionPrice : RedemptionPricetotheinvestorofUnitsofanyoftheplanscomputedinthemannerindicatedinthisSchemeInformationDocument.

Registrar /Karvy : KarvyComputersharePvt.Ltd.,whohavebeenappointedastheRegistraroranyotherRegistrarwho is appointed by RNAM.

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Reserve Bank of India (RBI) : ReserveBankofIndia,establishedundertheReserveBankofIndiaAct,1934.

Registrar / Karvy : KarvyComputersharePrivateLtd.,whohavebeenappointedastheRegistrar;oranyotherRegistrarwho is appointed by RNAM.

RCL : RelianceCapitalLimited

Reliance Capital Trustee Co. Limited (RCTC) /Trustee /Trustee Company

: RelianceCapitalTrusteeCo.Limited,aCompanyincorporatedundertheCompaniesAct,1956,andauthorizedbySEBIandbytheTrustDeedtoactastheTrusteeofRMF.

Reliance Mutual Fund (RMF) /Mutual Fund/the Fund

: RelianceMutualFund(formerlyknownasRelianceCapitalMutualFund),aTrustunderIndianTrustAct,1882andregisteredwithSEBIvideregistrationnumberMF/022/95/1datedJune30,1995.

Reserve Bank of India (RBI) : ReserveBankofIndia,establishedundertheReserveBankofIndiaAct,1934.

Scheme : RelianceIntervalFund-III-Series1–ADebtOrientedIntervalSchemeScheme Information Document (SID)

: SchemeInformationDocumentissuedbyRelianceMutualFund,offeringunitsofRelianceIntervalFund - III - Series 1 for Subscription. that sets forth the information about the Scheme that aprospectiveinvestoroughttoknowbeforeinvesting.(SIDistobereadinconjunctionwithSAI)

SpecifiedTransactionPeriod : TheSpecifiedDate(s)/Periodon /duringwhichsubscription/Redemption /Switch-out/SwitchinmaybemadeintheschemewithoutLoad,providedsuchadayisa‘WorkingDay’.Incasesuchadayisanon-workingday,thentheimmediatenextworkingdayshallbeconsideredasthe“SpecifiedTransactionPeriod”.TheSpecifiedTransactionPeriodshallbeforminimumtwoworkingdays.

Sponsor : MeansSponsorofRMF i.e.,RCLacompany incorporatedunderCompaniesAct,1956 thathasestablishedRMFandco-sponsorofRMFi.e.,NipponLifeInsuranceCompany(“NLI”).

Statement of Additional Information (SAI)

: Statement ofAdditional Information, the document issued by Reliance Mutual Fund containingdetailsofRelianceMutualFund,itsconstitution,andcertaintax,legalandgeneralinformation.SAIislegallyapartoftheSchemeInformationDocument.

SPVs SpecialPurposeVehiclesapprovedbytheappropriateauthorityortheGovernmentofIndia.Switching Option : Investorsmayopt toswitchUnitsbetween theavailableplansunder theSchemeatNAVbased

pricesaftercompletionoflockinperiod,ifany.Switchingwillalsobeallowedinto/fromanyothereligibleopen-endedSchemesoftheFundeithercurrentlyinexistenceoraScheme(s)thatmaybelaunched/managedinfuture,asperthefeaturesofthescheme.SuchSwitchescanbemadeonlyduringSpecifiedTransactionPeriod.

The Securities and Exchange Board of India (SEBI)

: SecuritiesandExchangeBoardofIndia(MutualFunds)Regulations,1996asamendedfromtimetotime,includingbywayofcircularsornotificationsissuedbySEBIandtheGovernmentofIndia.

Trust Deed : The Trust Deed entered into onApril 24, 1995 between the Sponsor and the Trustee, and allamendments thereof.

Trust Fund : ThecorpusoftheTrust,unitcapitalandallpropertybelongingtoand/orvestedintheTrustee.Unit : The interest of the investors in any of the plans, of the scheme which consists of each Unit

representing one undivided share in the assets of the corresponding plan of the scheme.Unitholder : ApersonwhoholdsUnit(s)underthescheme.Unitholders of Record : Unitholderswhosenamesappearontheunitholdersregisteroftheconcernedplan/(s)onthedate

ofdeterminationofDividend/Bonus,subjecttorealisationofthecheque.Words and Expressions used in this Scheme Information Documentandnotdefined

: SamemeaningasinRegulations

WordsandExpressionsusedinthisSchemeInformationDocumentandnotdefinedshallhavethesamemeaningasintheRegulations.

e. DUeDiLigenceBYTheaSSeTManageMenTcOMPanY

itisconfirmedthat:

1. TheSchemeInformationDocumentofRelianceIntervalFund-III,forwardedtoSEBI,isinaccordancewiththeSEBI(MutualFunds)Regulations,1996andtheguidelinesanddirectivesissuedbySEBIfromtimetotime.

2. AlllegalrequirementsconnectedwiththelaunchingoftheSchemeasalsotheguidelines,instructionsetc.,issuedbytheGovernmentand any other competent authority in this behalf, have been duly complied with.

3. Thedisclosuresmade in theScheme InformationDocument are true, fair andadequate to enable the investors tomakeawellinformeddecisionregardinginvestmentintheproposedScheme.

4. AlltheintermediariesnamedintheSchemeInformationDocumentandStatementofAdditionalInformationareregisteredwithSEBIand their registrations are valid, as on date, to the best of our knowledge and belief.

Mumbai Muneesh Sud June28,2017 chiefLegal&complianceOfficer

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II - INFORMATION ABOUT THE SCHEME

a. TYPeOFTheScheMe

ADebtOrientedIntervalScheme

B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME?

Theprimaryinvestmentobjectiveoftheschemeistoseektogeneratereturnsandgrowthofcapitalbyinvestinginadiversifiedportfolioofthefollowingsecuritieswhicharematuringonorbeforethenextspecifiedtransactiondateoftheschemewiththeobjectiveoflimitinginterest rate volatility.: -

• CentralandStateGovernmentsecuritiesand • Otherfixedincome/debtsecurities However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

C. HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

InstrumentsAsset Allocation

riskProfileMaximum Minimum

MoneyMarketInstruments&GovernmentSecurities&DebtInstruments 100% 0% LowtoMedium

TheSchemewillinvestinSecuritisedDebtwhichmaybeupto25%ofthenetassetsofthescheme.TheSchemewillnotinvestinForeignSecurities,SecuritiesLendingorengage inShortSelling.Further theschememay invests in “Repos”. In termsofSEBI /IMD/CircularNo.2/147132/08datedDecember11,2008,theschemeshallinvestonlyinsuchsecuritieswhichmatureonorbeforetheopeningoftheimmediatelyfollowingspecifiedtransactionperiod.Theinvestmentmanagerwouldhavetheflexibilitytoinvestthedebtcomponentintofloatingratedebtsecuritiesinordertoreducetheimpactofrisinginterestratesintheeconomy.Derivativesmaybeusedtocreatesyntheticfixedratebond/floating ratebonds.Gross investments insecuritiesunder theSchemewhich includesDebtsecurities,MoneyMarketInstrumentsandderivativeswillnotexceed100%ofthenetassetsoftheScheme.SubjecttothelimitsascontainedinScheduleVIItotheSEBI(MutualFunds)Regulations,1996,theschemereservestherighttoinvestitsentireallocationindebtandmoneymarketsecuritiesinanyoneofthefixedincomesecurityclasses.Thesumtotalofderivativecontractsoutstandingshallnotexceed50%ofthenetassetofthe scheme.

TheAMCreservestherighttochangetheabovePatternintheinterestoftheinvestorsdependingonthemarketconditionsforashorttermperiodofdefensiveconsideration.Incaseanydeviationfromtheassetallocation(readalongwithindicativeportfolio),theAMCshallrebalancewithinaperiodof30days.However,Wheretheportfolioisnotre-balanced,justificationforthesameshallbeplacedbeforetheInvestmentCommitteeandreasonsforthesameshallberecordedinwriting.TheInvestmentCommitteeshallthendecideonthecourseofaction.However,atalltimestheportfoliowilladheretotheoverallinvestmentobjectivesoftheScheme.

RNAMwillensurethat totalexposureof theschemeinaparticularsector(excluding investments inBankCDs,short termdepositsofscheduledcommercialbanks,CBLO,G-Secs,TBillsandAAAratedsecuritiesissuedbyPublicFinancialInstitutionsandPublicSectorBanksandsuchotherinstrumentsifany,asmaybespecifiedbySEBIfromtimetotime)shallnotexceed25%orsuchotherpercentageofthenetassetsofthescheme,asprescribedbySEBIfromtimetotime,

Anadditionalexposuretofinancialservicessector(overandabovethelimitof25%)not exceeding 15% of the net assets of the scheme shallbeallowedbywayofincreaseinexposuretoHousingFinanceCompanies(HFCs)ratedAAandaboveandregisteredwithNationalHousingBank(NHB).However,suchtotalinvestment/exposureinHFCsshallnotexceed25%ofthenetassetsoftheschemeorsuchotherpercentageofthenetassetsofthescheme,asprescribedbySEBIfromtimetotime.

Further,toclarifypleasenotethatalltheabovementionedprovisionsandinvestmentsmadeinlinewiththeabovementionedcircumstances/variations are independent of this scenario

The asset allocation tables given above should be read in conjunction with the detailed intended portfolio allocation tables and related conditions given for the scheme.

changeintheinvestmentpattern: Subject to theSEBIRegulations, theassetallocationpattern indicatedabovemaychange from time to time,keeping inviewmarket

conditions, market opportunities, applicable regulations, and political and economic factors. It must be clearly understood that thepercentages stated above are only indicative and not absolute. These proportions can vary substantially depending upon the perception of theInvestmentManager;theintentionbeingatalltimestoseektoprotecttheinterestsoftheUnitholders.Suchchangesintheinvestmentpattern will be for short term and for defensive considerations only.

TheFundshallprovideexitoptioninaccordancewiththeRegulations,ifthereisanychangeintheFundamentalAttributes,pursuanttothechangeinInvestmentPattern.

D. WHERE WILL THE SCHEME INVEST? 1. UndertheScheme,theinvestmentmanagerswouldhavetheflexibilitytoinvestthedebtcomponentintofloatingratedebtsecurities

in order to reduce the impact of rising interest rates in the economy. 2. Derivativesmaybeusedtocreatesyntheticfixedratebond/floatingratebonds.GrossinvestmentsinsecuritiesundertheScheme

whichincludesDebtsecurities,MoneyMarketInstrumentsandderivativeswillnotexceed100%ofthenetassetsoftheScheme. 3. SubjecttothelimitsascontainedinScheduleVIItotheSEBI(MutualFunds)Regulations,1996,theschemereservestherightto

investitsentireallocationindebtandmoneymarketsecuritiesinanyoneofthefixedincomesecurityclasses. 4. Investmentsinratedfixedincomesecuritieswillbeinsecuritiesratedbyatleastonerecognizedratingagency.Investmentsinunrated

securitieswillbemadewiththeapprovaloftheInvestmentCommitteeofRNAM,withintheparameterslaiddownbytheBoardofDirectorsoftheAMC&theTrustees.

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5. MoneyMarket instruments includes commercial papers, commercial bills, treasury bills, CorporateDebt,Government Securitieshavingresidualmaturityuptooneyear,callornoticemoneycertificateofdeposit,andanyotherlikeinstrumentsasspecifiedbytheReserveBankofIndiafromtimetotime.

6. Short-termdebtconsiderationsforthisschemeincludemaintaininganadequatefloattomeetexpenses,andotherliquidityneeds. 7. ShortTermDepositmayalsobemadeintheschemeaspertheregulationslaiddownbySEBI. 8. TheFundmayalsoenterinto“Repo”,hedgingorsuchothertransactionsasmaybeallowedtoMutualFundsfromtimetotime. InlinewithSEBIcirculardatedNovember11,2011investmentsincorporatebondreposhallbemadebasisthepolicyapprovedby

theBoardofRNAMandRCTC.Thesignificantfeaturesareasfollows: i. AsspecifiedintheSEBICirculardatedNovember15,2012,thebaseofeligiblesecuritiesformutualfundstoparticipateinrepo

in corporate debt securities, is from AAA rated to AA and above rated corporate debt securities. ii. Categoryofcounterparty&Creditratingofcounterparty:RMFschemesshallenterinlendingviaRepoonlywithInvestment

Gradecounterparties(asrequiredbySEBIRegulations)whicharepartoftheapproveddebtuniverse(i.e.onwhichwehavelimits).

iii. RestrictionpertainingtotenorofCollateralForFMPs,thetenorofthecollateralshouldexpirebeforethematurityofthescheme(i.e.onorbeforetheopeningoftheimmediatelyfollowingspecifiedtransactionperiod).Forotherschemes,thecollateralshouldcomplywiththematurityrestrictionsplaced,ifany,forthoseschemesintheDebtInvestmentPolicy.

iv. TheGrossexposureoftheschemetorepotransactionsincorporatedebtsecuritiesshallnotbemorethan10%ofthenetassetscheme. All investment restrictions stated above shall be applicable at the time of making investment

v. ApplicablehaircutRBIinitscirculardatedNovember09,2010hadindicatedthehaircuttobeappliedforsuchtransactionsasfollows:

S.No Rating Minimum Haircut1 AAA 10%

2 AA+ 12%

3 AA 15%

Theabovehaircutsareminimumstipulatedhaircutswhere the repoperiod isovernightorwhere the remargining frequency(incaseof longer tenorrepos) isdaily.TheRBIhadearlierrecommendedahaircutof25%.It isproposedthatwemaintainaminimumhaircutof15%forallrepocontractoflessthan3months,and25%forothercontracts,unlessalowerhaircutisapprovedby the InvestmentCommittee.TheFundManagermayrefer to the rating-haircutmatrixpublishedbyFIMMDA, todetermine the appropriate haircut.

TheschemedoesnotintendtomakeanyinvestmentsinForeign/OverseasSecurities. 9. TheschemeintendstoinvestitsassetsinsecuritiesofGovernmentofIndiaand/orStateGovernmenttotheextentofSEBIprescribed

limits.Suchsecuritiesmaybe: a. SupportedbytheabilitytoborrowfromtheTreasuryor b. SupportedbySovereignguaranteeortheStateGovernmentor c. SupportedbyGovernmentofIndia/StateGovernmentinsomeotherway. The above will depend upon the nature of securities invested. 10. The scheme may also enter into repurchase and reverse repurchase obligations in all securities held by them as per the guidelines and

regulationsapplicabletosuchtransactions.ItistheintentionoftheschemetotradeinthederivativesmarketaspertheRegulations. 11. Theabove-mentionedsecuritiescouldbelisted,unlisted,secured,unsecured,ratedorunratedandmaybeacquiredthroughinitial

public offerings, secondary market offerings, private placements, rights offers etc. 12. Toavoidduplicationofportfoliosand toreduceexpenses, theSchememay invest inanyotherschemesof theFund.Further, in

compliancewithSEBIRegulation,aSchememay invest inanotherschemeunder thesameassetmanagementcompanyoranyother mutual fund without charging any fees, provided that aggregate inter-scheme investment made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund.

13. While it is the intentionof theScheme tomaintain themaximumexposureguidelinesprovided in the tableabove, theremaybeinstanceswhenthesepercentagesmaybeexceeded.Typically, thismayoccurwhiletheSchemeisnewandthecorpusissmalltherebycausingdiversificationissues.

14. Investmentsmaybeinlistedorunlisteddebtinstruments,aspermittedunderSEBIRegulations.Thesewouldcoverprimary/secondarymarketpurchases,PublicOffers,privateplacements,rightsoffers,etc.,subjecttoSEBIRegulations.

15. Securitised debt, pass through obligations , various types of securitization issuances including but not limited toAsset BackedSecuritization,MortgagedBackedSecuritization,singleloansecuritizationandotherdomesticsecuritizationinstruments,asmaybepermittedbySEBI/RBIfromtimetotime.

16. Investments in debentures, bonds and other fixed income securities will usually be in instruments, which have been assignedinvestmentgraderatingsbyanapprovedratingagency.Theinstrumentsmayberated/unratedandlisted/unlisted.Incaseswherethedebt instrument isunrated,specificapproval fromtheInvestmentCommitteeofRNAMshallbeobtained.However, thesameshallbesubjecttolimitationsascontainedinclause1and1A,reproducedhereinbelow,ofScheduleVIItoSEBI(MutualFunds)Regulations,1996,

17. Amutualfundschemeshallnotinvestmorethan10%ofitsNAVindebtinstrumentscomprisingmoneymarketinstrumentsandnon-money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorized tocarryoutsuchactivityunder theAct.Such investment limitmaybeextended to12%of theNAVof theschemewith thepriorapprovaloftheBoardofTrusteesandtheBoardofdirectorsoftheassetmanagementcompany:

ProvidedthatsuchlimitshallnotbeapplicableforinvestmentsinGovernmentSecurities,treasurybillsandcollateralizedborrowingandlendingobligations:ProvidedfurtherthatinvestmentwithinsuchlimitcanbemadeinmortgagedbackedsecuritiseddebtwhichareratednotbelowinvestmentgradebyacreditratingagencyregisteredwiththeBoard:

12

Providedfurtherthattheschemesalreadyinexistenceshallwithinanappropriatetimeandinthemanner,asmaybespecifiedbytheBoard, conform to such limits.”;

18. Mutual Funds/AMCs shall ensure that total exposure of debt schemes of mutual funds in a group (excluding investments in securities issued by Public Sector Units, Public Financial Institutions and Public Sector Banks) shall not exceed 20% of the net assets of the scheme. Such investment limit may be extended to 25% of the net assets of the scheme with the prior approval of the Board of Trustees.

19. A mutual fund scheme shall not invest more than 10% of its NAV in unrated debt instruments issued by a single issuer and the total investment in such instruments shall not exceed 25% of the NAV of the scheme. All such investments shall be made with the prior approval of the Board of Trustees and the Board of asset Management Company.

20. Thefinalportfoliowilldependontheavailabilityanddesirabilityofassetsintermsofmaturityprofile,assetqualityandyields.Theportfolio formulation is a dynamic process and thus, an instrument which is attractive today may not be attractive tomorrow.

21. Theschememayinvest intheliquidschemeslaunchedbySEBIregisteredMutualFundorschemesthat investpredominantly inmoney market instruments / securities.

(i) CREDIT EVALUATION POLICY FOR INVESTMENTS IN DEBT SECURITIES

Creditevaluationisacontinuousprocess.Itappliesnotonlyforissuerswhereinvestmentsarebeingevaluatedforthefirsttimebutalso for those where we already have credit exposures.

In a detailed credit evaluation process, the following aspects are covered. 1. An in-depth review of the sector in which company operates. In this process, research team also measures the micro and macro

risks associated with the sector and its possible impact on the overall business environment of the issuer. In addition, issuer’s market position is evaluated vis-à-vis competition.

2. Issueranalysisinvolvesbothqualitativeandquantitativeaspects. a. Qualitativeanalysisisrelatedtoqualityofmanagement,corporategovernance,promoterbackground,parentssupportetc.

Any synergy / cross dependence with any of the other promoter companies is also scrutinized. b. Quantitativeanalysisisrelatedwithbalancesheetmanagement,profitabilityindicators,ratioanalysis,capexprogrammes,

growth plans, leverage and cash management policy etc. 3. The due diligence process involves both primary and secondary sources for research. a. Secondarysourcesof information likepubliclyavailabledata includingannualreportsandotherpublicfilings,ratingand

other research reports, industry research reports are studied in detail. b. Primary research activities like direct interaction with the issuer at various levels, interaction with the rating agencies, the company’s

bankers, competitors in the industry and stock market participants (market intelligence), is given a very high weightage. 4. Both for plain vanilla transactions and especially for structured transactions, legal due diligence is an integral part of the overall risk

evaluation policy. Depending on the scope and complexity of transactions both internal as well as external legal exercises are undertaken. Based on the above analysis, the credit research team presents a case for investing / avoiding investments for any new issuer /

structure. Post these discussions formal proposals are prepared for issuers / structures where limits are being sought. The approval for such limits is sought, based on certain criterion that is laid out as part of the investment policy. Depending on the

rating, tenor, and proposed exposures, approvals are taken at the Head of Fixed Income / Investment Committee / Board levels. As mentioned earlier, credit evaluation is a continuous exercise. For all issuers / structures where we have current exposures regular

evaluation is carried out on a periodic basis. The periodicity of such evaluation depends on the exposure, credit comfort on the said issuer / structure and the overall credit environment.

Apart from regular credit updates both internally and at the Investment Committee levels, the board is also appraised on a periodic basis, on all the credit exposures, their performance and the credit department’s views on them going forward.

(ii) LIST OF SECTORS WHERE RCAM / RMF WOULD NOT BE INVESTING

The scheme will not invest in real estate and airline sector.

(iii) TYPE OF INSTRUMENTS IN WHICH THE SCHEME PROPOSE TO INVEST

For the type of instruments in which the scheme propose to invest viz. CPs, CDs, Treasury bills etc. is detailed in point no. D (where will the scheme invest - Point 1 to 20)

(iv) INTENDED PORTFOLIO ALLOCATION AsperSEBICircularNoIMD/DF/12/2011datedAugust1,2011onIndicativeportfoliooryieldofthescheme,theintendedallocationfor

RelianceIntervalFund-III-Series1isasmentionedbelow.Thefloors/ceilingsasdisclosedbelowarewithinarangeof5%oftheintendedallocation (in %)

Credit RatingInstruments

A1+ AAA AA A BBB NA

CDs 30%-35%

CPs 25%-30%

NCDs / Bonds 35%-40%

Securitized Debt

Government securities / State Development Loans (SDLs) -

*CBLO/Reverse Repos (repos not including repo in corporate bonds) /Government securities / State Development Loans (SDLs) /T-Bills / Liquid schemes

0%-5%

NA – Not applicable

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*Someoftheinstrumentsmayalsoberated. Atthetimeofdeployment,theSchemewillseektoinvestintoratedAA-orbetterfixedincomeassetsissuedbyvariousentitiesoperating

indifferentsectorsasdefinedbyAMFI,whileadheringtothesectorcaplimitasdetailedinassetallocationpatternofthescheme Thesectorrestrictionapplicabletotheschemeisreplicatedbelowunderpointnumber6. Itmaybenotedthatdetailingofcreditrating/instrumentsshallbemadesimilartothecurrentformatasindicatedabove. Thereshallbenovariationsbetweenintendedportfolioallocationandfinalportfolioexceptonaccountof 1. Theschemeshallendeavour to invest in instrumentshavingcredit ratingas indicatedaboveorhigher.AsperSEBIcircularCIR/

MIRSD/4/2011datedJune15,2011,Modifier"+"(plus)or"-"(minus)canbeusedwiththeratingsymbolsastheyreflectthecomparativestandingwithinthecategory.Foreg:incaseAAhasbeenmentioned,itwillincludeAA-aswellasAA+.Incaseaninstrumenthasmorethanonepubliclyavailablerating,themoreconservativeratingwillbeconsideredforthepurposeofinvestment.IfaninstrumentisratedA1+itwillbeequivalenttoAAAfortheabovematrix.

Forexternalfactorssuchasrevisionincreditratingofinstruments,valuationofsecurity,etc.Itmaybenotedthat • Alltheinvestmentratingetcwillbeconsideredatthetimeofmakingtheinvestmentsonlyi.eatthetimeofdeployment(forthe

purposeofcomparison). • Positivemovementofratingforaparticularinstrumentmaybecontinuedtobeallowed.However,incaseofdowngradesofa

particular instrument, the portfolio manager shall endeavor to rebalance the portfolio on a best effort basis within a time period of not more than 30 days provided such a rebalancing is possible.

2. IncasedesiredmaturityandcreditqualityCP/NCDsarenotavailableoralsoonthebasisoftheriskrewardanalysis,theSchememayinvestinBankCDsofhighestrating(A1+orequivalents)/CBLOs/ReverseRepos(excludingrepoincorporatebonds)/GovernmentSecurities / T-Bills/Liquid Schemes. Such deviationmay continue tillmaturity (i.e. on or before the opening of the immediatelyfollowingspecifiedtransactionperiod),ifsuitableinstrumentsofdesiredcreditqualityarenotavailable.

3. Further,theaboveallocationmayvaryduringthetenureofthescheme.Someoftheseinstancesare:(i)Couponinflow/principalinflow/unexpectedcashflowduringthetenureofthescheme;(ii)theinstrumentiscalledorboughtbackbytheissuer(iii)inanticipationofanyadversecreditevent(iv)Nonavailabilityofanyinstrumentandonriskrewardanalysis.Incaseofsuchdeviations,theschememayinvestinBankCDs(A1+orequivalents)/CBLOs/ReverseRepos(excludingrepoincorporatebonds)/G-sec/T-Bills/Liquidschemes.Suchdeviationmaycontinuetillmaturity(i.e.onorbeforetheopeningof theimmediatelyfollowingspecifiedtransactionperiod), ifsuitableinstrumentsofdesiredcreditqualityarenotavailable.Incasewherecashisgeneratedintheaboveinstancesandisdeployedinshorttermdeposits,suchdeploymentwillonlybefortemporaryparkinginlinewithSEBIregulations

4. Incaseofindividualsecuritiesmaturitypriortothematuritydate(i.e.onorbeforetheopeningoftheimmediatelyfollowingspecifiedtransactionperiod)oftheschemeandatthetimeofconstructionoftheportfolio,investmentsmaybemadeincashandcashequivalentssuchasCBLO,Repo(excludingrepoincorporatebonds),T-Bills,LiquidSchemes,CDsandshorttermbankDeposits.

5. IncasewhereinvestmentsinanyUnratedInstrumentsisindicatedandiftheyarenotavailable,theSchememayinvestinBankCDshavingcreditratingindicatedinthetableabove.Theschemeshallnotinvestmorethan10%ofitsNAVinunrateddebtinstrumentsissuedbyasingleissuerandthetotalinvestmentinunratedinstrumentsshallnotexceed25%oftheNAVofthescheme.

6. RNAMwillensurethattotalexposureoftheschemeinaparticularsector(excludinginvestmentsinBankCDs,shorttermdepositsofscheduledcommercialbanks,CBLO,G-Secs,T-BillsandAAAratedsecuritiesissuedbyPublicFinancialInstitutionsandPublicSectorBanksandsuchotherinstrumentsifany,asmaybespecifiedbySEBIfromtimetotime)shallnotexceed25%orsuchotherpercentageof thenetassetsof thescheme,asprescribedbySEBI from time to time,unless theschemehasspecificallybeenexemptedfromtherequirementbySEBI.

Anadditionalexposure tofinancialservicessector(overandabovethe limitof25%)not exceeding 15% of the net assets of the schemeshallbeallowedbywayofincreaseinexposuretoHousingFinanceCompanies(HFCs)ratedAAandaboveandregisteredwithNationalHousingBank(NHB).However,suchtotalinvestment/exposureinHFCsshallnotexceed25%ofthenetassetsoftheschemeorsuchotherpercentageofthenetassetsofthescheme,asprescribedbySEBIfromtimetotime.

Further, to clarify please note that all the abovementioned provisions and investmentsmade in linewith the abovementionedcircumstances/variationsareindependentofthisscenario(25%sectorlimitandexceptionsonthesameasdetailedinpointNo.6).

7. The rangeas indicated in the intendedportfolioallocationdependingon the risk returnprofileof theportfolioandsubject to theavailability of the securities, the fund manager may increase the allocation for AAA rated securities, while ensuring range of other securities is proportionately adjusted.

Forthepurposeofachieving/revertingbacktodesiredportfolioallocation,whereveranytimelinesarementioned,thefundmanagerwill endeavor to achieve the same, on best effort basis and and in the best interest of the investors taking into account market conditions and availability of desired credit and maturity.

Itmaybenotedthattheintendedportfolioallocationwillbedeterminedatthetimeoflaunchoftheschemewhereasthefinalportfolioforthepurposeofdeterminingdeviations,ifany,willbeconsideredafter30daysfromtheallotmentoftheschemeBasisthesame,RNAMwill report inthenextmeetingofBoardofDirectorsofRelianceNipponLifeAssetManagementLimited(RNAM)(formerlyRelianceCapitalAssetManagementLimited)andRelianceCapitalTrusteeCoLimitedthepublicizedpercentageallocationandfinalportfolio.

Forunlisted/nontradedsecurities,wheresectorclassificationdoesnotexist,RNAMwillhavethediscretiontodecidetheclassificationas per their best judgment.

PursuanttotheSEBICircularNo.SEBI/IMD/CIRNo.1/91171/07datedApril16,2007,whereWherethecashintheschemeisparkedinshorttermdepositsofScheduledCommercialBankspendingdeployment,theschemeshallabidebythefollowingguidelines:

• "ShortTerm"forparkingoffundsshallbetreatedasaperiodnotexceeding91days.

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• Suchshort-termdepositsshallbeheldinthenameoftheScheme.

• Theschemeshallnotparkmore than15%of thenetassets inshort termdeposit(s)ofall thescheduledcommercialbanksputtogether.However,suchlimitmayberaisedto20%withpriorapprovaloftheTrustee.

• Parkingoffundsinshorttermdepositsofassociateandsponsorscheduledcommercialbankstogethershallnotexceed20%oftotaldeploymentbytheMutualFundinshorttermdeposits.

• Theschemeshall notparkmore than10%of thenetassets in short termdeposit(s),withanyonescheduledcommercial bankincluding its subsidiaries.

• Theschemeshallnotparkfundsinshorttermdepositofabank,whichhasinvestedintheScheme.

• RNAMwill not charge any investmentmanagement and advisory fees for parking of funds in short term deposits of scheduledcommercial banks

The aforesaid limits shall not be applicable to term deposits placed as margins for trading in cash and derivatives market.

Itmaybenotedthattheintendedportfolioallocationwillbedeterminedatthetimeoflaunchoftheschemewhereasthefinalportfolioforthepurposeofdeterminingdeviations,ifany,willbeconsideredafter30businessdaysfromtheallotment.Basisthesame,RNAMwillreportinthenextmeetingofBoardofDirectorsofRelianceNipponLifeAssetManagementLimited(RNAM)(formerlyRelianceCapitalAssetManagementLimited)andRelianceCapitalTrusteeCoLimitedthepublicizedpercentageallocationandfinalportfolioatthetimeoflaunchof each interval

Further,priortotheopeningofeachSpecifiedTransactionPeriodunderthescheme,theIntendedPortfolioAllocation(alongwithnotesthereto,ifany)shallbedisclosed/notifiedbytheRNAMbywayofAddendumatleast7businessdayspriorfromtheopeningofanySpecifiedTransactionPeriodandthesameshallalsobefiledwithSEBIwithinthesaidtimelines.

Suchmodifications in intendedportfolioallocationand/or inFloorsandCeilingwithina rangeof5% forany instrumentsand/ornotesthereto, from time to time, shall not be deemed as change in fundamental attribute for the scheme in terms of provisions of sub regulation (15A)ofRegulation18oftheSEBI(MF)Regulations.)

E. WHAT ARE THE INVESTMENT STRATEGIES? The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safety,

liquidityandprofitabilityaspectsofvariousinvestments.Thefundmanagerwilltrytoachieveanoptimalriskreturnbalanceformanagementofthefixedincomeportfolios.

Theinvestmentsindebtinstrumentscarryvariousriskslikeinterestraterisk,liquidityrisk,defaultrisk,purchasingpowerrisketc.Whiletheycannotbedoneawaywith,theycanbeminimizedbydiversificationandeffectiveuseofhedgingtechniques.

The fund management team will take an active view of the interest rate movement by keeping a close watch on various parameters of the Indianeconomy,aswellasdevelopmentsinglobalmarkets.

Investmentviews/decisionswillbetakenonthebasisofthefollowingparameters:

1.Prevailinginterestratescenario 2.Qualityofthesecurity/instrument(includingthefinancialhealthoftheissuer) 3.Maturityprofileoftheinstrument 4.Liquidityofthesecurity 5.Growthprospectsofthecompany/industry 6.Anyotherfactorsintheopinionofthefundmanagementteam

Risk Mitigation Factor/Control TheFundManagementproposes touseanalytic riskmanagement tools likeVAR / convexity/modifiedduration for effectiveportfolio

management.

Disclosureswithrespecttosecuritizeddebt 1. howtheriskprofileofsecuritizeddebtfitsintotheriskappetiteofthescheme

Securitizeddebtisaformofconversionofnormallynon-tradableloanstotransferablesecurities.Thisisdonebyassigningtheloanstoaspecialpurposevehicle(atrust),whichinturnissuesPass-Through-Certificates(PTCs).ThesePTCsaretransferablesecuritieswithfixedincomecharacteristics.Theriskofinvestinginsecuritizeddebtissimilartoinvestingindebtsecurities.Howeveritdiffersinfollowing two majorly respects :-

Typicallytheliquidityofsecuritizeddebtislessthansimilardebtsecurities.However,thisisexpectedtochangeasSEBIhasissueditsguidelinesonlistingofsecuritizedinstrumentandgoingforwardweexpectmoreissuanceoflistedsecuritizeddebt..Currently,thefundmanagernormallybuysthesewiththeviewtoholdthemtillmaturity(i.e.onorbeforetheopeningoftheimmediatelyfollowingspecifiedtransactionperiod).FortheIntervalFund,theaveragetenorofthesecuritizeddebtwouldnotexceedmaturityoftheScheme/Plan /Fund (i.e. onorbefore theopeningof the immediately following specified transactionperiod).Foropenendedscheme,average maturity of the securitized debt will be in accordance with the investment time horizon of such scheme, opportunities available in the market and interest rate views of the investment team.

Forcertaintypesofsecuritizeddebt(backedbymortgages,personalloans,creditcarddebt,etc.),thereisanadditionalpre-paymentrisk.Pre-paymentriskreferstothepossibilitythatloansarerepaidbeforetheyaredue,whichmayreducereturnsifthere-investmentrates are lower than initially envisaged. The fund manager price the securitized debt accordingly to compensate for reinvestment risk.

Becauseoftheseadditionalrisks,securitizeddebttypicallyoffershigheryieldsthandebtsecuritiesofsimilarcreditratingandmaturity.

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Ifthefundmanagerjudgesthattheadditionalrisksaresuitablycompensatedbythehigherreturns,hemayinvestinsecuritizeddebtaccordingtothenature(openended/closeended/intervalfund)ofthescheme.

2. Policyrelatingtooriginatorsbasedonnatureoforiginator,trackrecord,nPas,lossesinearliersecuritizeddebt,etc.

Originatorshavebeenbroadlycategorizedasfollows:

i. PSUBanks; ii. PrivateBanks; iii. NBFC’swithassetsizeofRs.1,000Croresandabove;and iv. NBFC’swithassetsizeofbelowRs.1,000crores.

Beforetheassessmentofthestructureisundertaken,theoriginators/underlyingissuersareevaluatedonthefollowingparameters:

• Trackrecord-goodtrackrecordoftheoriginators/underlyingissuersoritsgroupcompanies. • Willingnesstopay-credibleandstrongmanagementteam. • Abilitytopay–goodfinancialsandbusinessprofile. • Riskappraisalcapabilities-strongandwelldefinedriskassessmentprocesses • Businessriskassessmentoftheoriginatorsbasedonthefollowingfactors: −Outlookfortheeconomy(domesticandglobal). −Outlookfortheindustry. −Companyspecificfactors. Inadditionadetailedreviewandassessmentisdoneincludinginteractionswiththecompanyaswellasthecreditratingagency.

Typicallywewouldavoidinvestinginsecuritizationtransaction(withoutspecificriskmitigantstrategies/additionalcash/securitycollaterals/guarantees)ifwehaveconcernsonthefollowingissuesregardingtheoriginator/underlyingissuer:

• Defaulttrackrecord/frequentalterationofredemptionconditions/covenants; • VeryHighleverageratiosoftheultimateborrower(forsingle-selldowns)-bothonastandalonebasisaswellonaconsolidated

level; • VeryHighproportionofre-schedulementofunderlyingassetsofthepoolorloan,asthecasemaybe; • VeryHighproportionofoverdueassetsofthepoolortheunderlyingloan,asthecasemaybe; • Poorreputationinmarket; • Insufficienttrackrecordofservicingofthepoolortheloan,asthecasemaybe; • ThedegreeofNPAsofthecompanybeingveryhighthantheindustrytrends.

Further,investmentsinsecuritizeddebtwillbedoneinaccordancewiththeinvestmentrestrictionsspecifiedundertheRegulations/thisSchemeInformationDocumentswhichwouldhelpinmitigatingcertainrisks.Currently,aspertheRegulations,Amutualfundschemeshallnotinvestmorethan10%ofitsNAVindebtinstrumentscomprisingmoneymarketinstrumentsandnon-moneymarketinstruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorized to carry out suchactivityundertheAct.Suchinvestmentlimitmaybeextendedto12%oftheNAVoftheschemewiththepriorapprovaloftheBoardofTrusteesandtheBoardofdirectorsoftheassetmanagementcompany:


Providedfurtherthattheschemesalreadyinexistenceshallwithinanappropriatetimeandinthemanner,asmaybespecifiedbytheBoard,conformtosuchlimits.

3. Risk mitigation strategies for investments with each kind of originator

Ananalysisoftheoriginator/Issuerisespeciallyimportantincaseofretailloansasthesizeandreachaffectsthecreditqualityandservicingofthesecuritizedinstrument.Incaseofsecuritizationinvolvingsingleloansorasmallpoolofloans,thecreditriskoftheunderlyingborrowerisanalyzed.Incaseofdiversifiedpoolsofloans,theoverallcharacteristicoftheloansisanalyzedtodeterminethecreditrisk.Thecreditanalystlooksatseasoning(i.e.howlongtheloanhasbeenwiththeoriginatorbeforesecuritization)asonewayofevaluatingtheperformancepotentialofthePTC.Securitizationtransactionsmayincludesomeriskmitigants(toreducecreditrisk).Thesemay include interestsubvention (difference in interest rateson theunderlying loansand thePTCservingasmarginagainstdefaults),overcollateralization(issueofPTCsoflesservaluethantheunderlyingloans,thusevenifsomeloansdefault,thePTCcontinuestoremainprotected),presenceofanequity/subordinatetranche(issueofPTCsofdifferingsenioritywhenitcomestorepayment-theseniortranchesgetpaidbeforethejuniortranche)and/orguarantees.

InvestmentsinsecuritizeddebtwillbedonebasedontheassessmentoftheoriginatorwhichiscarriedoutbytheFixedIncometeam.Inordertomitigatetheriskattheissuer/originatorlevel,theFixedIncometeamwillconsidervariousfactorswhichwillinclude:

• sizeandreachoftheissuer/originator • setupoftheorganizationstructureoftheissuer/originator • theinfrastructureandfollow-upmechanismoftheissuer/originator • theissuer/originator’strackrecordinthatlineofbusiness

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• qualityofinformationdisseminatedbytheissuer/originator;and • theCreditenhancementfordifferenttypeofissuer/originator

Table1:illustratestheframeworkthatwillbeappliedwhileevaluatinginvestmentdecisionrelatingtoasecuritizationtransaction:

"Characteristics/Type ofPool"

"Mortgage Loan "

Commercial Vehicle and Construction Equipment

CAR 2Wheelers Micro Finance

PersonalLoans

Single Loan Sell Downs / Others

Approximate Average maturity (inMonths)

Upto180months or lower

Upto60monthsor lower





AnySigleLoanSellDowns/other class of securitised debt would be evaluated on a case by case basis.

Collateral margin (includingcash, guarantees, excess interest spread, subordinate tranche)

Inexcessof 3%

Inexcessof5% Inexcess of 5%

Inexcessof5%

Inexcessof 10%

Inexcessof 10%

AverageLoantoValueRatio 85%orlower

100% or lower 95%orlower

95%orlower Unsecured Unsecured

Minimum Average seasoning of thePool

3 months 3 months 3 months

3 months 1 month 1 month

Maximum single exposure range

5% 5% 1% 1% < 1% < 1%

Average single exposure range <5% < 5% < 1% < 1% < 1% < 1%

Note: The information contained herein is based on current market conditions and may change from time to time based on changes in such conditions, regulatory changes and other relevant factors. Accordingly, our investment strategy, risk mitigation measures and other information contained herein may change in response to the same.

4. Thelevelofdiversificationwithrespecttotheunderlyingassets,andriskmitigationmeasuresforlessdiversifiedinvestments Inretailsecuritizeddebtinvestments,wewillinvestmajorlyinassetbackedpoolssuchasMediumandHeavyCommercialVehicles,

LightCommercialVehicles (LCV),Cars,andConstructionEquipmentetc.Wherewe invest inSingleLoanSecuritization,as thecredit is on the underlying issuer, we focus on the credit review of the borrower. A credit analyst sets up limit for various issuers based onindependentresearchtakingintoaccounttheirhistoricaltrackrecord,prevailingratingandcurrentfinancials.Inadditiontotheframeworkasperthetableabove,wealsotakeintoaccountfollowingfactors,whichareanalyzedtoensurediversificationofriskandmeasuresidentifiedforlessdiversifiedinvestments:

• Sizeoftheloan:Inretailloanssecuritisation,themajorriskdiversificationisachievedonaccountofgranularityi.e.highernumberofcontractsavailable.However,excessiverelianceonverysmallticketsizeshouldbeavoidedasitmayresultindifficultandcostly recoveries.

• Originalmaturityofthepool:Idealoriginalmaturityofthecontractvariesfordifferentretailloans.ForCars/CommercialVehicles/ConstructionEquipment,itliesaround60monthswhileformortgage,itliesaround240months.Formicrofinanceloans,itliesaround12months.Loweroriginalmaturityforassetbackedretailloansmeansfasterbuildupofborrowers’equityintotheassetas well as his higher borrowing capacity.

• LoantoValueRatio:LoantoValueratiomeansvalueoftheloantakencomparedtovalueoftheassetsofferedassecurity.Incaseofsecuredloan,higherLoantoValueratiomeanshigherprobabilityoflossesincaseassetisrepossessedandsoldincaseofdelinquency.Weprefercontractswithlowerloantovalueratiothanhigherloantovalueratio.

• Seasoningofthepool:Higherthetimeperiodthecontractshaveremainedwiththeoriginator/issuer,theloweristhedefaultriskonsuchcontracts.Thisisbecauseofthehigherbuildupofborrower’sequityintotheassetasthetimegraduallypasses.Weprefer higher seasoned contracts than lower seasoned contracts.

• Currentperformingpools:Wenormallyensurethatmajorityofthecontractsinthepoolsarecurrenttoreducedefaultrate.Therationale here being, as against current performing contract, the overdue contracts are certainly in higher risk category.

• GeographicalDistribution:Regional/state/branchdistributionispreferredtoavoidconcentrationofassetsinaparticularregion/state/branch.

• DefaultRateDistribution:Wepreferbranches/stateswheredefaultrateislessthanbranches/stateswheredefaultratesarehighto avoid concentration of assets from poor performing regions.

• RiskTrenching:Typically,wewouldavoidinvestinginmezzaninedebtorequityofSecuritizeddebtintheformofsubordinatetranche,withoutspecificriskmitigantstrategies/additionalcash/securitycollaterals/guarantees,etc.

• CreditEnhancementFacility:Weprefercreditenhancementwhichisinformofcash/bankguaranteethanintheformofover-collateralizationofthepool/excessinterestspreadavailableinthepool.Therationaleherebeing,asagainstcashcollateral,excessinterestspread/overcollateralizationcollateralfluctuateinlinewithperformanceofthepool.Whentheperformanceofthepooldeteriorates,thereislessercurrentcollateralavailableonaccountofover-collateralizationofthepool/excessinterestspread available than the original envisaged one.

• LiquidFacility: Inmanyretailassetclasseslikecommercialvehicle,therecanbesomedelayinpaymentfromborrowerduetopressureonitsworkingcapital.However,thisdelayusuallydoesnotgobeyond5-6monthsasinthemeantimehereceivespaymentfromhiscustomersandclearhisoverdueportionoftheloan.Inthatkindofassetclasses,wepreferpoolwithliquidfacilityasitbalancestheintermittentliquidityrequirementofthepool.

• StructureofthePool:Structureofatransactioncaneitherbeatparoratapremium,dependingonwhetherthepoolprincipalissoldatparoratapremiumtoinvestors.Wepreferpoolwhereitissoldonparbasis.

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5. Minimumretentionperiodofthedebtbyoriginatorpriortosecuritization

ForinvestmentsinPTCs,wheretheassetshavebeenpooled,theminimumretentionperiodforeachofthecontractshouldbe1monthwithaaveragetenorofupto24monthsand2monthsforcontractswithaaveragetenorofmorethan2years.Foroverallminimum retention period, please refer to Table 1.

6. Minimumretentionpercentagebyoriginatorofdebtstobesecuritized

PlrefertoTable1whichillustratesadditionalcollateralstakenagainsteachtypeofassetclass,whichispreferredovertheminimumretention percentage by the originator of the loan. The rationale is that collateral is available at all points of time and is available at all pointoftimesincaseofanyfructificationofanyprobablelosseswhereinretentionpercentagekeepsrunningdownastimepassesandmaynotbefullyavailableincaseofanyfructificationofanyprobablelosses

7. Themechanism to tackle conflict of interestwhen themutual fund invests in securitizeddebt of anoriginator and theoriginator in turn makes investments in that particular scheme of the fund

Investmentsmadebytheschemeinanyassetaredonebasedontherequirementsoftheschemeandisinaccordancewiththeinvestmentobjectivesandtheassetallocationpatternofafund.AllInvestmentsaremadeentirelyatanarm’slengthbasiswithnoconsiderationofanyexisting/consequentinvestmentsbyanypartyrelatedtothetransaction(originator,issuer,borroweretc.).Therobustcreditprocessensuresthatthereisnoconflictofinterestswhenaschemeinvestsinsecuritizeddebtofanoriginatorandtheoriginator in turn makes investment in that particular scheme.

TheremightbeinstancesofOriginatorinvestinginthesameschemebutboththetransactionsareatarm’slengthandavoidanyconflictof interest. Inaddition to internal controls in thefixed income investmentprocess, there is regularmonitoringby the riskmanagement group and investment committee. Normally the issuer who is securitizing instrument is in need of money and is unlikely to have long term surplus to invest in mutual fund scheme.

Furthermore, there is clear cut segregationof dutiesand responsibilitieswith respect to Investment functionandSales function.Investmentdecisionsarebeingtakenindependentlybasedontheabovementionedparametersandinvestmentbytheoriginatorinthe fund is based on their own evaluation of the fund vis a vis their investment objectives.

8. ingeneral,theresourcesandmechanismofindividualriskassessmentwiththeaMcformonitoringinvestmentinsecuritizeddebt.

The risk assessment process for securitized debt, as detailed in the preceding paragraphs, is same as any other credit. The investments in securitized debt are done after appropriate research by credit analyst. The ongoing performance of the pool is monitored to highlight any deterioration in its performance.

TheresourcesforandmechanismsofindividualriskassessmentwiththeaMcformonitoringinvestmentinsecuritizeddebtareasfollows:

• FixedIncomeTeam-RiskassessmentandmonitoringofinvestmentinSecuritizedDebtisdonebyateamcomprisingofCreditAnalyst,HeadofFixedIncomeandHeadofCreditResearch

• Inadditiontointernalcontrolsinthefixedincomeinvestmentprocess,thereisregularmonitoringbytheriskmanagementgroupand investment committee.

• Ratingsaremonitored foranymovement -Basedon the the interactionwith thecredit ratingagencyand theirperformancereport, ratings are being monitored accordingly.

• Whereverthefundsportfolioisdisclosed,theAMCmaygiveacomprehensivedisclosureofSecuritiseddebtinstrumentsheldinlinewithSEBIrequirement.

Note: The information contained herein is based on current market conditions and may change from time to time based on changes in such conditions, regulatory changes and other relevant factors. Accordingly, our investment strategy, risk mitigation measures and other information contained herein may change in response to the same.

PortfolioTurnover It ispresentlyanticipatedthat theportfolio turnoverratewillbe low.However, tradingopportunitiesmayemergefromtimetotimedue

toinefficienciesinthemarketcausingtheportfolioturnoverratetorise.AhighportfolioturnoverratemayberepresentativeofarbitrageopportunitiesthatexistforsecuritiesintheportfolioratherthananindicationoftheInvestmentManager’sviewonasectororsecurity

Debt Market in India TheIndianDebtmarketisfacingmajorshiftintherecenttimes.ThesubstantialgrowthinMutualFundcollectionsinthepastfewyearshave

providedaneasyroutefortheinvestorstochannelizetheirsavingsintothedebtmarket,whichotherwiseislargelydominatedbyBanksandotherInstitutionalinvestors.

Atpresent,theIndiandebtmarketisdominatedbyissuesofCentralGovernmentbonds,CorporateDebenturesandPSUBonds. BriefdetailsabouttheinstrumentsaregivenbelowasonJune2,2017

Instruments Listed/ Unlisted Current Yield Range As on June 2, 2017

Liquidity riskprofile

CentralGovernmentSecurities Listed 6.47%-7.44% High Low

CorporateDebentures/PSUBonds Listed 7.05%-7.60% Moderate Low

CDs(shortterm) Unlisted 6.32%-6.70% High Low

CallMoney Unlisted 5.40%-6.25% High Low

MiborlinkedPapers Listed 90-110bps Low Low

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AbriefdescriptionaboutyieldspresentlyavailableonCentralGovt.Securities/Bonds&Debenturesofvariousmaturitiesisasfollows: Annualisedyields(asonJune2,2017)are:

Yrs =< 1yr 2-6yrs 7-10yrs 11-20 yrsCentralGovernmentsecurities 6.60%-6.62% 6.57%-6.97% 6.73%-7.29% 6.92%-7.58%

Debentures/Bonds(AAArated) 7.05%-7.10% 7.16%-7.40% 7.50%-7.60% -

THEPRICEANDYIELDONVARIOUSDEBTINSTRUMENTSFLUCTUATEFROMTIMETOTIMEDEPENDINGUPONTHEMACROECONOMICSITUATION,INFLATIONRATE,OVERALLLIQUIDITYPOSITION,FOREIGNEXCHANGESCENARIO,ETC.ALSO,THEPRICEANDYIELDVARIESACCORDINGTOMATURITYPROFILE,CREDITRISKETC.

DerivativesandhedgingProducts TheschememayusederivativeinstrumentslikeInterestrateswaps,Forwardrateagreementsorsuchotherderivativeinstrumentsasmaybe

introducedfromtimetotimeforthepurposeofhedgingandportfoliobalancingasmaybepermittedundertheRegulationsandGuidelines. The sum total of derivative contracts outstanding shall not exceed 50% of the net assets of the scheme. Aninterestrateswapisafinancialcontractbetweentwopartiesexchangingastreamofinterestpaymentsforanotionalprincipalamount

onmultipleoccasionsduringaspecifiedperiod. Typically,oneparty receivesapre-determinedfixed rateof interestwhile theotherparty, receivesafloating rate,which is linked toa

mutually agreed benchmark with provision for mutually agreed periodic resets. Thefundintendstousederivativesforhedging&portfoliobalancingaspermittedundertheSEBIRegulations&Guidelines. To hedge& balance the portfolio derivative instruments like interest rate swaps& forward rate agreementswould be used to create

syntheticfixedratebonds/floatingratebonds.Wewishtosubmitthat,creationofsyntheticfixedratebonds/floatingratebondsisahedgingandportfoliorebalancingtechnique.

An example is stated below to explain the said proposition. Swapscanbeusedtocreatesyntheticfixedrateinstruments. Letustaketheexampleofa3Yrfloatingratebondwithaspreadof50bps(basispoints)overabenchmark.Ordinarily,thisfetchesthe

investorayieldofthebenchmark(whichisfloating)plus50bpsonanannualizedbasis.However,byreceivingthe3yrfixedrateontheswapside,whathappensisthatthebondgetsconvertedintoafixedratebond.Letusassumethatthe3yrswaponthesamebenchmarkisreceivedforthesameprincipalamountattherate7.25%.Broadlythen,theinvestorreceivesfixedcashflowsof7.25%,paysthefloatingbenchmarkrate,andreceivesthefloatingrateofthebond(whichcomprisethebenchmarkrateandthe“spread”of50bps).Thefloatingcashflowsofthebenchmarkcanceleachotheroutandtheinvestorisleftwithasyntheticfixedratebondyieldinghim7.75%(7.25%plusthe‘spread’of50bps).Thusthroughtheswap,thefloatingratebondgetsconverted‘synthetically’intoafixedratebond.

Accounts are generally settled on a net basis on predetermined settlement dates. Accordingly, on each agreed payment date, amounts owedbyeachpartyiscalculatedbyapplyingtheagreedratei.e.fixedinonecaseandfloatingintheother,onthenotionalamount.Theparty,whoowesthehigheramounti.e.thedifferencebetweentheinterestrateamountandthefloatinginterestrateamountorviceversa,makes a payment of the net amount, no principal amount is exchanged.

Generally,interestrateswapsinvolveexchangeofafixedratetoafloatingrateofinterestorviceversa.TheseareknownasPlainVanillaSwaps.TheRBIhascurrentlyallowedonlytheseswapsintheIndianmarket.

Example Themostcommontypeofswapsiswhereonepartyagreestopayafixedrateofinterest(fixed-ratepayer)totheotherpartywhoagrees

topayafloatingrateofinterest(floating-ratepayer).Thepaymentsareexchangedondesignateddatesduringthelifeofthecontractatagreed rates.

Suppose,theviewoninterestrateisthattheywouldcomedownoverthenextthreemonthsifaparticularinvestmentisyieldingarateofreturnat10%p.a.currently,theFundManagerwouldliketolock-inthisrateofreturnwhichinadownwardinterestratescenariowouldappear attractive.

He, then,enters intoaswaptransactionwithacounterparty that iswilling topayafixedrateof10%p.a.andacceptafloatingratelinkedtosay,MIBORwhichwouldvaryeverydaybutiscurrentlyat7%p.a.Thetransactionwouldberepresentedthus:Receivesfixedrate@10% p.a.

RMFCounterpartyB PaysFloatingRateMIBOR Note 1. No principal amount is exchanged. A notional principal amount is agreed upon for interest calculation purposes. 2. Onlythedifferencebetweenthetworatesisexchangedatagreedintervalsorpaymentdates.Whenfixedinterestrateamountishigher,

thefixedratepayerpaysthedifferenceamounti.e.fixedinterestrateamountminusthefloatinginterestrateamountorvice-versa.

Forward Rate Agreements (FRAs) AFRAisafinancialcontractbetweenpartiesagreeingtoexchangeinterestpaymentsforanotionalprincipalamountonsettlementdates

foraspecifiedperiodfromstartdatetomaturitydate.

AFRAenablespartiestofixinterestcostonafutureborrowingorfixaninterestrateforafutureinvestment.

Hedging a future asset Example:Suppose,RMFhasfundstoinvestaftertwomonthsforaperiodofthreemonths.TheFundManagerexpectsinterestratesto

soften in the next two months. He, therefore, would like to lock-in the interest rate today for his investment to be made after two months. Theinstrumentinwhichhewishestoinvestisa91-dayTreasuryBillat8.25%p.a.He,therefore,entersintoanagreementwherehesellsa2x5FRAforanotionalprincipalamount.2representthestartdateoftheFRAand5representsthematuritydateorenddate.

The details will be as under asset:91-dayT’Bill

19

Tenor:3monthscommencingfrom2monthsfromdateofagreement. Indicative 2x5:8.25%p.a. Benchmark:91-dayT’Billcut-offyieldonthelastauctionprecedingsettlementdate SoRMFreceives8.25%p.a.onthenotionalamountonsettlementdate.Counterpartywillreceive91-dayT’Billcut-offrateonthe91-day

T’Billauction,ontheauctionjustprecedingthesettlementdate. Both,IRSandFRAscanbethuseffectivelyusedashedgingproductsforinterestraterisks. Example:Themostcommontypeofswapsiswhereonepartyagreestopayafixedrateofinterest(fixed-ratepayer)totheotherparty

whoagreestopayafloatingrateofinterest(floating-ratepayer).Thepaymentsareexchangedondesignateddatesduringthelifeofthecontract at agreed rates.

Suppose,theviewoninterestrateisthattheywouldcomedownoverthenextthreemonthsifaparticularinvestmentisyieldingarateofreturnat10%p.a.currently,theFundManagerwouldliketolock-inthisrateofreturnwhichinadownwardinterestratescenariowouldappear attractive.

He,then,entersintoaswaptransactionwithacounterpartythatiswillingtopayafixedrateof10%p.a.andacceptafloatingratelinkedtosay,MIBORwhichwouldvaryeverydaybutiscurrentlyat7%p.a.Thetransactionwouldberepresentedthus:Receivesfixedrate@10%p.a.

intermsofSeBicircularcir/iMD/DF/11/2010datedaugust18,2010,followingshallbeapplicable: 1. The cumulative gross exposure through debt and derivative positions should not exceed 100% of the net assets of the scheme. 2. MutualFundsshallnotwriteoptionsorpurchaseinstrumentswithembeddedwrittenoptions. 3. Cashorcashequivalentswithresidualmaturityoflessthan91daysmaybetreatedasnotcreatinganyexposure. 4. MutualFundsmayenterintoplainvanillainterestrateswapsforhedgingpurposes.Thecounterpartyinsuchtransactionshastobe

anentityrecognizedasamarketmakerbyRBI.Further,thevalueofthenotionalprincipalinsuchcasesmustnotexceedthevalueofrespectiveexistingassetsbeinghedgedbythescheme.Exposuretoasinglecounterpartyinsuchtransactionsshouldnotexceed10% of the net assets of the scheme.

Risk Factors

Derivativesproductscarrythecreditrisk(riskofdefaultbycounterparty),marketrisk(duetomarketmovements)andliquidityrisk(duetolackofliquidityinderivatives).

1. No principal amount is exchanged. A notional principal amount is agreed upon for interest calculation purposes. 2. Onlythedifferencebetweenthetworatesisexchangedatagreedintervalsorpaymentdates.Whenfixedinterestrateamountishigher,

thefixedratepayerpaysthedifferenceamounti.e.fixedinterestrateamountminusthefloatinginterestrateamountorvice-versa.

F. FUNDAMENTAL ATTRIBUTES

FollowingaretheFundamentalAttributesofthescheme,intermsofRegulation18(15A)oftheSEBI(MF)Regulations:

1. Type of scheme

ADebtOrientedIntervalScheme

2. Investment Objectives

i. Main Objective

Theprimaryinvestmentobjectiveoftheschemeistoseektogeneratereturnsandgrowthofcapitalbyinvestinginadiversifiedportfolioofthefollowingsecuritieswhicharematuringonorbeforethenextspecifiedtransactiondateoftheschemewiththeobjective of limiting interest rate volatility.: -

• CentralandStateGovernmentsecuritiesand

• Otherfixedincome/debtsecurities

However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

ii. investmentpattern: refertoSectionii-c:“howwilltheSchemeallocateitsassets?”

3. Terms of Issue

i. Liquidity provisions such as listing, repurchase, redemption

TheRegulationsrequirethateveryIntervalFundschemeshallbemandatorilylistedonarecognisedstockexchange.TheunitsoftheplanundertheschemewillbelistedontheBombayStockExchangeLtd.(BSE).HoweverthetrusteesreservetherighttolisttheunitsoftheplanonanyotherStockExchange.SinceunitsareproposedtobelistedontheBSE,aninvestorcanbuy/sellunitsofthePlanundertheSchemeonacontinuousbasisontheBSEand/oranyotherrecognizedstockexchangeswhereunitswillbelistedduringnonSpecifiedTransactionPeriod.

Investorsholdingtheunitsbywayofanaccountstatement(physicalform)willnotbeabletotradetheirunitsonStockExchange.TheUnitsoftheSchemeareavailablefortradingandtransferonlyindematmodeviathestockexchanges.

Therequirementofminimuminvestmentwillnotbeapplicableonlistingofunits.ThetradinglotisoneunitofthePlan.Investorscanpurchaseunitsatmarketprices,whichmaybeatapremium/discounttotheNAVoftheschemedependinguponthedemandand supply of units at the exchanges.

Buying/sellingunitsonthestockexchangearejustlikebuying/sellinganyothernormallistedsecurities.Ifaninvestorhas

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boughtunits,aninvestorhastopaythepurchaseamounttothebroker/sub-brokersuchthattheamountpaidisrealizedbeforethefundspay-indayofthesettlementcycleontheexchange.Ifaninvestorhassoldunits,aninvestorhastodelivertheunitstothebroker/subbrokerbeforethesecuritiespay-indayofthesettlementcycleontheexchange.

ii. Aggregate fees and expenses charged to the scheme

New Fund Offer (NFO) Expenses

refertoSectioniV-a:newFundOffer(nFO)expenses

Annual Scheme Recurring Expenses

refertoSectioniV-B:annualSchemerecurringexpenses

iii. Any safety net or guarantee provided

Not Applicable

InaccordancewithRegulation18(15A)oftheSEBI(MF)Regulations,theTrusteesshallensurethatnochangeinthefundamentalattributesoftheSchemeandthePlan(s)/Option(s)thereunderorthetrustorfeeandexpensespayableoranyotherchangewhichwouldmodifytheSchemeandthePlan(s)/Option(s)thereunderandaffecttheinterestsofUnitholdersiscarriedoutunless:

• AwrittencommunicationabouttheproposedchangeissenttoeachUnitholderandanadvertisementisgiveninoneEnglishdaily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the HeadOfficeoftheMutualFundissituated;and

• TheUnitholdersaregivenanoptionforaperiodof30daystoexitattheprevailingNetAssetValuewithoutanyexitload

g. hOwwiLLTheScheMeBenchMarKiTSPerFOrMance? Crisil Short Term Bond Fund Index TheschemeintendstohavesimilarinstrumentsasconstitutedintheCrisilShortTermBondFundIndex.Theportfolioswouldbesimilarnot

onlyintermoftheconstructbutalsointermsofriskreturnparametersinquestion.Usingthisbenchmarkshallprovidetheinvestorwithanindependent and representative comparison with the fund portfolio

H. WHO MANAGES THE SCHEME?Name of the Fund Manager

Age Educational Qualification

Type and Nature of past experience including assignments held during the past 10 years

Name of the other Scheme managed

Amit Tripathi(ManagingtheScheme-SinceSeptember2014)

40 B.Com(H),PGDM

2003–tilldate:reliancenipponLifeassetManagement Limited (RNAM) (formerly Reliance Capital Asset Management Limited) : Fund Manager - Fixed Income (Managedvarious fixed income funds, both open endedand closed ended, across tenors and duration buckets. Active involvement in related activities of risk management, investment and valuation policyframework.)1999 – 2003: Thenew indiaassuranceco.Limited:AssistantAdmin Officer - InvestmentDept.(Partoftheteammanagingfixedincomeandmutualfundinvestmentportfolios.)1998–1999:SuninvestassociatesLimited:Analyst-EquityMarketOperations1997 - 1998: cFS Financial Services Pvt.Limited:EquityResearch&ArbitrageTrading.

Reliance Floating Rate Fund - ShortTermPlanRelianceLiquidityFundRelianceMoneyManagerFundRelianceMediumTermFundRelianceMonthlyIncomePlanReliance Regular Savings Fund -BalancedOptionRelianceIntervalFundIII-SeriesIAll series of Reliance Yearly IntervalFund, Reliance Interval Fund andRelianceIntervalFundIVAll Scheme/Series of Reliance FixedHorizonFund.

I. WHAT ARE THE INVESTMENT RESTRICTIONS? Theinvestmentpolicyoftheschemecomplieswiththerules,regulationsandguidelineslaidoutinSEBI(MutualFunds)Regulations,1996.

AspertheRegulations,specificallytheSeventhSchedule,thefollowinginvestmentlimitationsarecurrentlyapplicable: 1. The scheme being an interval scheme shall invest only in such securities which mature on or before the date of maturity of each interval. 2. Mutualfundschemeshallnotinvestmorethan10%ofitsNAVindebtinstrumentscomprisingmoneymarketinstrumentsandnon-

money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorized tocarryoutsuchactivityunder theAct.Such investment limitmaybeextended to12%of theNAVof theschemewith thepriorapprovaloftheBoardofTrusteesandtheBoardofdirectorsoftheassetmanagementcompany:


Providedfurtherthattheschemesalreadyinexistenceshallwithinanappropriatetimeandinthemanner,asmaybespecifiedbytheBoard,conformtosuchlimits.";

3. MutualFunds/AMCsshallensurethattotalexposureofdebtschemesofmutualfundsinagroup(excludinginvestmentsinsecuritiesissuedbyPublicSectorUnits,PublicFinancialInstitutionsandPublicSectorBanks)shallnotexceed20%ofthenetassetsofthescheme.Such investment limitmaybeextended to25%of thenetassetsof theschemewith thepriorapprovalof theBoardofTrustees

4. Theschemeshallnotinvestmorethan10%ofitsNAVinunrateddebtinstrumentsissuedbyasingleissuerandthetotalofsuch

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instruments shall not exceed 25% of theNAV of the scheme.All such investments will bemadewith the prior approval of theInvestmentcommitteeofRNAMbasistheparameterslaiddownbytheBoardofDirectorsofAMC&theTrustees.Further,approvaloftheBoardofDirectorsofAMC&theTrusteeshallbetakenwheneverrequiredinlinewiththeSEBIRegulations.

note:Debentures,irrespectiveofanyresidualmaturityperiod(aboveorbelowoneyear),shallattracttheinvestmentrestrictionsasapplicablefordebtinstrumentsasspecifiedabove.Further,itisclarifiedthattheinvestmentlimitsmentionedaboveareapplicabletoalldebtsecuritieswhichareissuedbypublicbodies/institutionssuchaselectricityboards,municipalcorporations,statetransportcorporationsetc.guaranteedbyeithercentralorstategovernment.Governmentsecuritiesissuedbycentral/stategovernmentoronitsbehalfbyRBIareexemptfromtheabovereferredinvestmentlimits.

5. TransfersofinvestmentsfromoneschemetoanotherschemeintheMutualFundshallbeallowedonlyif: a. Suchtransfersaredoneattheprevailingmarketpriceforquotedinstrumentsonspotbasis; b. Thesecuritiessotransferredshallbeinconformitywiththeinvestmentobjectives&policiesoftheSchemetowhichsuchtransfer

has been made. 6. TheSchememayinvestinanotherschemeunderthesameassetmanagementcompanyorinanyothermutualfundwithoutcharging

any fees, provided theaggregate inter scheme investmentsmadebyallSchemesunder the samemanagement companyor inschemesunderthemanagementofanyotherAMCshallnotexceed5%ofNAVoftheMutualFund.[Providedthatthisclauseshallnot apply to any fund of funds scheme.]

7. TheMutualFundshallbuyandsellsecuritiesonthebasisofdeliveriesandshallinallcasesofpurchases,takedeliveryofrelativesecurities and in all cases of sale, deliver the securities and shall in no case put itself in a position whereby it has to make short sale orcarryforwardtransactionsorengageinbadlafinance:

Providedfurtherthat a mutual fund may enter into derivatives transactions in a recognized stock exchange, subject to the framework specifiedbytheBoard.

ProvidedfurtherthatsaleofgovernmentsecurityalreadycontractedforpurchaseshallbepermittedinaccordancewiththeguidelinesissuedbytheReserveBankofIndiainthisregard.

8. TheFundshallgetthesecuritiespurchasedtransferredinthenameoftheFundonaccountof theconcernedscheme,whereverinvestments are intended to be of a long-term nature.

9. Thefund’sschemeshallnotmakeanyinvestmentin: a. Any unlisted security of an associate or group company of the sponsor b. Any security issued by way of private placement by an associate or group company of the sponsor c. Thelistedsecuritiesofgroupcompaniesofthesponsorwhichisinexcessof25%ofthenetassetsofthescheme. 10. TheSchemeshallnotinvestinafundoffundsscheme. 11. Pendingdeploymentoffundsoftheschemeinsecuritiesintermsoftheinvestmentobjectivesandpoliciesofthescheme,theMutual

Fundcaninvestthefundoftheschemeinshorttermdepositsofscheduledcommercialbankssubjecttotheguidelinesasapplicablefrom time to time.

PursuanttotheSEBICircularNo.SEBI/IMD/CIRNo.1/91171/07datedApril16,2007,wherethecashintheschemeisparkedinshorttermdepositsofScheduledCommercialBankspendingdeployment,theSchemeshallabidebythefollowingguidelines:

• “ShortTerm”forparkingoffundsshallbetreatedasaperiodnotexceeding91days. • Suchshort-termdepositsshallbeheldinthenameoftheScheme. • Theschemeshallnotparkmorethan15%ofthenetassetsinshorttermdeposit(s)ofallthescheduledcommercialbanksput

together.However,suchlimitmayberaisedto20%withpriorapprovaloftheTrustee. • Parkingoffundsinshorttermdepositsofassociateandsponsorscheduledcommercialbankstogethershallnotexceed20%of

totaldeploymentbytheMutualFundinshorttermdeposits. • Theschemeshallnotparkmorethan10%ofthenetassetsinshorttermdeposit(s),withanyonescheduledcommercialbank

including its subsidiaries. • Theschemeshallnotparkfundsinshorttermdepositofabank,whichhasinvestedintheScheme. • RNAMwillnotchargeanyinvestmentmanagementandadvisoryfeesforparkingoffundsinshorttermdepositsofscheduled

commercial banks. 12. Incaseanycompanyhasinvestedmorethan5%ofthenetassetvalueofascheme,theinvestmentmadebythatschemeorbyany

otherschemeofthesameMutualFundinthatcompanyoritssubsidiaries,ifany,shallbebroughttothenoticeoftheTrusteesbyRNAMandbedisclosedinthehalf-yearlyandannualaccountswithjustificationforsuchinvestmentprovidedthatthelatterinvestmenthas been made within one year of the date of the former investment calculated on either side.

13. TheSchemewillcomplywithanyotherregulationsapplicabletotheinvestmentsofmutualfundsfromtimetotime. 14. Aggregatevalueof‘illiquidsecurities’oftheScheme,whicharedefinedasnon-tradedandthinlytradedshallnotexceed15%ofthe

totalassetsoftheScheme. 15. RNAMwillensurethattotalexposureoftheschemeinaparticularsector(excludinginvestmentsinBankCDs,shorttermdeposits

ofscheduledcommercialbanks,CBLO,G-Secs,T-BillsandAAAratedsecuritiesissuedbyPublicFinancialInstitutionsandPublicSectorBanksandsuchotherinstrumentsifany,asmaybespecifiedbySEBIfromtimetotime)shallnotexceed25%orsuchotherpercentageof thenetassetsof thescheme,asprescribedbySEBI from time to time,unless theschemehasspecificallybeenexemptedfromtherequirementbySEBI.

Anadditionalexposure tofinancialservicessector(overandabovethe limitof25%)not exceeding 15% of the net assets of the schemeshallbeallowedbywayofincreaseinexposuretoHousingFinanceCompanies(HFCs)ratedAAandaboveandregisteredwithNationalHousingBank(NHB).However,suchtotalinvestment/exposureinHFCsshallnotexceed25%ofthenetassetsoftheschemeorsuchotherpercentageofthenetassetsofthescheme,asprescribedbySEBIfromtimetotime.

Further, to clarify please note that all the abovementioned provisions and investmentsmade in linewith the abovementionedcircumstances/variationsareindependentofthisscenario

16. TheFundshallnotborrowexcepttomeettemporaryliquidityneedsoftheFundforthepurposeofrepurchase/RedemptionofUnits

22

orpaymentofinterestandDividendtotheUnitholders. ProvidedthattheFundshallnotborrowmorethan20%ofthenetassetsofanyindividualSchemeandthedurationoftheborrowing

shallnotexceedaperiodof6months. Incaseofborrowingthroughrepotransactionsthetenorofsuchtransactionshallnotexceedaperiodofsixmonths 17. TheschemeshallparticipateRepoincorporatedebtsecuritiesinaccordancewithSEBICircularCIR/IMD/DF/19/2011datedNovember

11,2011andsuchotherdirectionsissuedbyRBIandSEBIfromtimetotime. TheGrossexposureoftheschemetorepotransactionsincorporatedebtsecuritiesshallnotbemorethan10%ofthenetassetofthe

scheme. 18. Thecumulativegrossexposurethroughrepotransactionsincorporatedebtsecuritiesalongwithdebtandpositionsshouldnotexceed

100%ofthenetassetsoftheschemeorguidelinesasmaybespecifiedbySEBIfromtimetotime. All investment restrictions stated above shall be applicable at the time of making investment. TheSchemewillnotenterintoanytransactionwhichexposesittounlimitedliabilitiesorresultsintheencumberingofitsassetsinany

way so as to expose them to unlimited liability. 19. NotermloansforanypurposewillbeadvancedbytheScheme. Theseinvestmentlimitations/parametersasexpressed/linkedtothenetasset/netassetvalue/capital,shallintheordinarycourse,apply

asatthedateofthemostrecenttransactionorcommitmenttoinvest.Changesdonothavetobeeffectedmerelybecauseofappreciationordepreciationinvalueorbyreasonofthereceiptofanyrights,bonusesorbenefitsinthenatureofcapitalorofanyschemeofarrangementorforamalgamation,reconstructionorexchange,oratanyrepaymentorredemptionorotherreasonoutsidethecontroloftheFund,anysuchlimitswouldtherebybebreached.Iftheselimitsareexceededforreasonsbeyonditscontrol,AMCshalladoptasapriorityobjectivetheremedyingofthatsituation,takingdueaccountoftheinterestsoftheUnitholders.

internalnormsforinvestmentrestrictions: atrMF, toensure robust riskmanagementandadequateportfoliodiversification internal investmentpolicy forvarious

debtschemeshasbeenframed.TheinvestmentpolicyatrMFspecifieslimitsbothonoverallbasis(acrossallschemes)aswell as on individual scheme level. Guidelines for following parameters for liquid as well as non liquid schemes have been specifiedinthepolicy:

1. EligibleInstruments:Definestheeligibleinstrumentswheretheschemecaninvest 2. MinimumLiquidity:Definestheinstrumentsconsideredasliquidinstrumentsandtheminimuminvestmentsintheseinstruments

as a percentage of total net assets 3. MaximumIlliquidcomponent:Definestheinstrumentsconsideredasilliquidandthemaximuminvestmentthatcanbemadein

these instruments as a percentage of net assets. 4. Rating:Definesminimumand/ormaximuminvestmentinaparticularratingasapercentageoftotalportfolios. 5. Maturity:Definedtheweightedaveragematurityofaportfolio.Alsodefinestheweightedaveragematurity,maximumandmaturity

forcertainassettypeslikecorporatebond,Giltsetc. TheTrusteeCompany/AMCmayaltertheseabovestatedlimitationsfromtimetotime,andalsototheextenttheRegulations

change,soastopermittheSchemetomakeitsinvestmentsinthefullspectrumofpermittedinvestmentsinordertoachieveitsinvestmentobjectives&policies.AssuchallinvestmentsoftheSchemeshallbemadeinaccordancewiththeRegulations,includingScheduleVIIthereof,andtheFundamentalAttributesofthisScheme.

inVeSTMenTBYTheaMcinTheScheMe: InlinewithSEBIRegulationsandcircularsissuedbySEBIfromtimetotime,theAMCmayinvestitsownfundsinthescheme(s).Further,

theAMCshallnotchargeanyfeesonitsinvestmentintheScheme(s),unlessallowedtodosounderSEBIRegulationsinthefuture.

J. hOwhaSTheScheMePerFOrMeD?

ThePerformanceoftheschemeisasonMay31,2017

Absolute Returns Scheme Returns % Benchmark Returns %Returns for the last 1 year 7.16 8.82Returns for the last 3 years NA NAReturns for the last 5 years NA NA

Returnssinceinception(InceptiondateSeptember26,2014)* 7.84 9.04

AbsoluteReturnsforeachfinancialyearforthelast5years

4.76

7.69 7.36

5.35

8.47 9.1

0

2

4

6

8

10

FY 14-15* FY 15-16 FY 16-17

Retu

rns %

Reliance Interval Fund III - Series 1 vs Crisil Short Term Bond Fund Index

Pastperformancemayormaynotbesustainedinfuture.

23

Returns are of Growth Plan - Growth Option. Returns less than one year are absolute returns and returns more than one year are compounded annualized returns. Calculations assume all payouts during the period have been reinvested in the units of the scheme at the prevailing NAV

Face Value of the Scheme is Rs. 10/- Per unit

K. ADDITIONAL DISCLOSURES

RELIANCE INTERVAL FUND - III - SERIES 1

a. Top 10 holdings by issuer and sectors (As on May 31, 2017)

Holding Weightage(%) Sector Allocation (%)IndusInd Bank Limited 11.98% Financial Services 77.15%

ICICI Bank Limited 11.70% Energy 11.01%

Power Grid Corporation of India Limited 11.01% Miscellaneous 9.50%

Rural Electrification Corporation Limited 10.80% Others 0.04%

Kotak Mahindra Investments Ltd 9.87%

Housing Development Finance Corporation Limited 9.79%

Kotak Mahindra Prime Ltd 9.59%

Axis Bank Limited 9.51%

Credit Suisse AG Indian Bank Branch 9.50%

LIC Housing Finance Limited 1.96%

Link to obtain schemes latest monthly portfolio holding - https://www.reliancemutual.com/investor-services/downloads/factsheets/

b. Portfolio Turnover Ratio : Not Applicable for Debt Schemes C. Aggregate Investments in the scheme by Board of Directors / Fund Managers / Other Key Managerial Persons as on May 31, 2017

Particulars Aggregate Investments (Rs. in lakhs)Board of Directors Nil

Fund Managers Nil

Other Key Managerial Persons Nil

Note: Investment by Executive Director-cum-CEO is included in the aggregate investments by Other Key Managerial Persons.

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III - UNITS AND OFFERThis section provides details you need to know for investing in the scheme.

A. NEW FUND OFFER (NFO)

Thissectionisnotapplicable,astheongoingofferoftheSchemehascommencedaftertheNFO,andtheUnitsareavailableforcontinuoussubscription and redemption.

HoweverdetailsoftheNFOrelevantfortheongoingofferareprovidedbelow:

Minimum Target amount

This is the minimum amount requiredto operate the scheme and if this is not collected during the NFO period/anySTP, then all the investors would berefunded the amount invested without any return. However, if AMC fails torefund the amount within 5 business days from the closure of such NFO/STP, interest as specified by SEBI(currently15%p.a.)willbepaid to theinvestors from the expiry of 5 business daysfromtheclosureofNFO/STP.

Rs.20CroreforeverySpecifiedTransactionPeriod.

Plans/Optionsoffered TheSchemeshallhavefollowingPlansandOptions

1. growthPlan-growthOption/DirectPlan-growthPlan-growthOption

No dividend distribution is envisaged under this option. The income attributable to the units allottedunderthisoptionwillcontinuetoremaininvestedintheoptionandwillbereflectedintheNetAssetValueofunitsundertheoption.

2. Dividend Plan - Dividend Payout Option / Direct Plan – Dividend Plan - DividendPayoutOption

Distributionofdividendwillbesubjecttotheavailabilityofdistributablesurplus,ascomputedinaccordancewiththeSEBIRegulationsafterthedeductionofTDSandapplicablesurcharge,ifany.However, the Trustees reserves the right to declare dividends during the interim period provided all investorsinDividendoptionareintoDividendpayoutoption.Thereisnoassuranceorguaranteeas to the rate and frequencyof dividenddistribution.Dividendsasandwhendeclaredwill bepaidtoeligibleunitholdersofrecord,within30daysofthedeclarationofdividend.IntheeventoffailureofdispatchofDividendwarrantswithin30days,theAMCshallpayaninterest@15percentperannumoftherelevantDividendamounttotheapplicableUnitholders.Theactualdateofdeclarationofdividendwillbenotifiedbydisplayatthedesignatedinvestorservicecenters.

Incase ifnoPlan ismentioned / indicated in theApplication form, theunitswill,bydefault,beallottedundertheGrowthPlan.

Investor may note that following shall be applicable for default plan

Sce-nario

Broker Code mentioned by the investor

Planmentionedbytheinvestor DefaultPlantobecaptured

1 Not mentioned Not mentioned DirectPlan2 Not mentioned DirectPlan DirectPlan3 Not mentioned RegularPlan/OtherthanDirectPlan DirectPlan4 Mentioned DirectPlan DirectPlan5 Direct Not Mentioned DirectPlan6 Direct RegularPlan/OtherthanDirectPlan DirectPlan7 Mentioned RegularPlan/OtherthanDirectPlan RegularPlan/OtherthanDirectPlan8 Mentioned Not Mentioned RegularPlan/OtherthanDirectPlan

Incasesofwrong/invalid/incompleteARNcodesmentionedontheapplicationform,theapplicationshallbeprocessedunderRegularPlan/OtherthanDirectPlan.TheAMCshallcontactandobtainthecorrectARNcodewithin30calendardaysofthereceiptoftheapplicationformfromtheinvestor/distributor.Incase,thecorrectcodeisnotreceivedwithin30calendardays,theAMCshallreprocessthetransactionunderDirectPlanfromthedateofapplicationwithoutanyexitload.barring under the following circumstances.

a)UnitsappliedunderDailyDividendPlan

b)IftheaforesaidunitsareRedeemed/Switched,fully/partiallyintoanotherscheme/plan

25

InvestorssubscribingunderDirectPlanofaSchemewillhavetoindicate“DirectPlan”againsttheSchemenameintheapplicationform.Investorsshouldalsoindicate“Direct”intheARNcolumnoftheapplicationform.However,incaseARNcodeismentionedintheapplicationform,but“DirectPlan”isindicatedagainsttheSchemename,ARNcodewillbeignoredandtheapplicationwillbeprocessedunderDirectPlan.IftheinvestordoesnotmentionDirectagainsttheschemenameandtheARNcodeisalsonotprovidedthedefaultallotmentwouldbemadeintheDirectPlan

recordDate:Thedividendrecorddatesshallbeboth, thefirst&seconddayof theSpecifiedTransactionPeriodofthescheme.Investorsarerequiredtoclearlyindicatetheplans/optionsinthe application form of the scheme.

TheAMCreserves the right tochange the recorddate from time to time.However, itmustbedistinctlyunderstoodthattheactualdeclarationofdividendandthefrequencythereofwill inter-alia,dependontheavailabilityofdistributableprofitsascomputedinaccordancewithSEBI(MF)Regulations.

For Subscriptions including Switch ins under Dividend Option

Inrespectofvalidapplicationsforsubscriptionsreceivedupto3p.m.ontheaforesaidRecordDatealongwithalocalchequeorademanddraftpayableatparattheplacewheretheapplicationisreceived,theEx-DividendNAVofthedayonwhichapplicationisreceivedshallbeapplicable.Theinvestorswillnotbeeligiblefordividenddeclared,ifany,ontheaforesaidRecordDate;

Inrespectofvalidapplicationsforsubscriptionreceivedafter3p.m.ontheaforesaidRecordDateand/orupto3.00p.m.ontheseconddayoftheSpecifiedTransactionPeriodtheclosingNAVofthesaidseconddayshallbeapplicable;

In respect of valid applications received after 3.00 p.m. on the second day of the SpecifiedTransactionPeriodtheclosingNAVofthenextworkingdayshallbeapplicable,providedsuchadayis/hasbeendeclaredasaSpecifiedTransactiondayforthefund.Otherwise,theapplicationwill be liable for rejection.

InrespectofpurchaseofunitsinIncome/DebtOrientedschemewithamountequaltoormorethanRs.2Lakhs,theapplicableNAVshallbesubjecttotheprovisionsofSEBICircularCir/IMD/DF/19/2010datedNovember26,2010andCIR/IMD/DF/21/2012datedSeptember13,2012onuniformcut-offtimingsforapplicabilityofNAV.

For Redemptions including Switch out under Dividend Option

In respect of valid applications received upto 3.00 p.m. by theMutual Fund, on the aforesaidRecordDatetheEx-DividendNAVofthedateofreceiptofapplicationshallbeapplicableandtheinvestors will be eligible

forthedividenddeclaredontheaforesaidRecordDate.Inrespectofvalidapplicationsreceivedafter 3.00 p.m.on the aforesaidRecordDate and/or upto 3.00 p.m. on the secondday of theSpecifiedTransactionPeriodtheclosingNAVofthesaidseconddayshallbeapplicable

Effect of Dividends

Wheneverdividendsarepaid,thenetassetvalueattributabletounitholdersintherespectiveDividendPlanswillstandreducedbyanamountequivalenttotheproductofthenumberofunitseligiblefordividendandthegrossamountofdividendperunitdeclaredontherecorddate.TheNAVoftheUnitholdersintheGrowthOptionwillremainunaffectedbythepaymentofdividend.

DividendPolicy Record date shall be the date which will be considered for the purpose of determining the eligibility ofinvestorswhosenamesappearontheregisterofunitholdersforreceivingdividends.Further,theNAVshallbeadjustedtotheextentofdividenddistributionandstatutorylevy, ifany,attheclose of business hours on record date.

Dividenddeclaration/distributionshallbemadeinaccordancewithSEBIcircularno.SEBI/IMD/CIRNo.1/64057/06datedApril4,2006oranyamendmenttheretofromtimetotime.

ProcessfordeclarationofdividendinUnlistedSchemes/Plans

a. Quantumof dividendand the recorddate shall be fixedby the trustees in theirmeeting.Dividendsodecidedshallbepaid,subjecttoavailabilityofdistributablesurplus.

b. Record date shall be the date which will be considered for the purpose of determining the eligibility of investors whose names appear on the register of unit holders for receiving dividends. Further, the NAV shall be adjusted to the extent ofdividend distribution andstatutory levy, if any, at the close of business hours on record date.

c. Withinonecalendardayofthedecisionbythetrustees,AMCshallissuenoticetothepubliccommunicating the decision including the record date. The record date shall be 5 calendar days from the issue of notice.

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d. SuchnoticeshallbegiveninoneEnglishdailynewspaperhavingnationwidecirculationaswellasinanewspaperpublishedinthelanguageoftheregionwheretheheadofficeofthemutual fund is situated.

e. Beforetheissueofsuchnotice,nocommunicationindicatingtheprobabledateofdividenddeclaration in any manner whatsoever, may be issued by any mutual fund or distributors of its products.

The dividend warrants shall be dispatched to the unitholders within 30 days of the date of declarationofthedividend.IntheeventoffailureofdispatchofDividendwarrantswithin30days,theAMCshallpayaninterest@15percentperannumoftherelevantDividendamounttotheapplicableUnitholders.

PolicyonUnclaimedredemptionand Dividend Amounts

AsperSEBIguidelines,theunclaimedredemptionanddividendamountsshallbedeployedincallmoney market or money market instruments only or such other instruments, as permitted under Regulations. The investors who claim such amounts during the period of three years from the due dateshallbepaidattheprevailingNetAssetValue.Afteraperiodofthreeyears,thisamountwillbetransferredtoapoolaccountandtheinvestorscanclaimtheamountatNAVprevailingattheend of the third year. The income earned on such funds shall be used for the purpose of investor education.The Fund will make continuous efforts to remind the investors through letters to take theirunclaimed amounts. Further, the investmentmanagement fee charged byAMC formanagingunclaimed amounts shall not exceed 50 basis points.

Allotment All applicants, whose applications are valid in all respects and whose payment has been received /realisedshallreceivefullandfirmallotmentofunits.Theprocessofallotmentofunitsandmailingof account statement will be completed within 5 business days from the date of closure of the new fundofferperiod.TheAMC/Fundretaintherighttorejectanyapplicationwithoutassigninganyreason.Uponallotment,anAccountStatement,showingthenumberofunits,allottedwillbesenttoeachunitholder.TheAccountStatementshallbenontransferable.TheFundreservesrighttoprovidetheaccountstatement/transactionconfirmationsliptoinvestorthroughanalternativemechanismasmaybedecidedby theFund, from time to timewith theconsentoftheinvestor,whichmayincludeelectronicmeansofcommunicationsuchase-mail.Forexample,ifaninvestorredeemsorswitcheshisunitstoanotherscheme/planthroughtheinternet,thenanon-lineaccountstatement/transactionconfirmationmaybeprovidedtotheinvestororthesame may be sent to his email address.AllUnitswill rankparipassuamongstUnitswithin theSchemeas toassets,earningsand thereceipt of dividend distribution, if any.

Refund Ifanyapplicationisrejected,fullamountwillberefundedwithin5businessdaysofclosureoftheSpecifiedTransactionPeriod.No interestwill bepayableonanysubscriptionmoney refundedwithin5businessdays.Ifrefundedlaterthan5businessdays,interest@15%p.a.fordelayperiodwillbepaidtotheapplicantandbornebytheAMCfortheperiodfromthedayfollowingthedateof expiry of 5 business days until the actual date of the refund. Refundorderswillbemarked“A/c.payeeonly”anddrawninthenameoftheapplicantinthecaseofasoleapplicantandinthenameofthefirstapplicantinallothercases,mentioningthebankaccountnumberandbanknameofthesole/firstapplicant,asspecifiedintheapplicationform.Incasethebankaccountdetailsarenotavailableorincomplete,therefundorderwillbeissuedwithoutthebankaccountdetailsoftheapplicantattheapplicant’sownrisk.Thebankand/orcollectioncharges,ifany,willbebornebytheapplicant.AlltherefundpaymentswillbesentbyregisteredpostorcourierserviceorasrequiredundertheRegulations.

Who can investThis is an indicative list and you are requested to consult your financialadvisor to ascertain whether the schemeissuitabletoyourriskprofile.

The units of the scheme are being offered to the public for subscription.The followingpersons (subject,wherever relevant, topurchaseofunitsbeingpermittedundertheirrespectiveconstitutionsandrelevantStateRegulations)areeligibletosubscribetotheunits:The units of the scheme are being offered to the public for subscription.ThefollowingpersonsareeligibleandmayapplyforsubscriptiontotheUnitsoftheScheme(s)(subjecttowhereverrelevantstatutoryregulationsandtheirrespectiveconstitutions):1. Resident adult individuals,eithersinglyorjointly(notexceedingthree);2. Minorthroughparent/lawfulguardian;(pleaseseethenotebelow)3. Non-ResidentIndians(NRIs)/PersonsofIndianOrigin(PIO)onfullrepatriationbasisoron

non-repatriationbasis;4. AHinduUndividedFamily(HUF)throughitsKarta;5. Companies,bodiescorporate,publicsectorundertakings,associationofpersonsorbodies

ofindividualsandsocietiesregisteredundertheSocietiesRegistrationAct,1860;

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6. ReligiousandCharitableTrusts,Wakfsorendowmentsofprivatetrusts(subjecttoreceiptofnecessaryapprovalsasrequired)andPrivateTrustsauthorisedtoinvestinmutualfundschemesundertheirtrustdeeds;

7. PartnershipFirmsconstitutedunderPartnershipAct,1932;

8. Banks(incl.Co-operativeBanksandRegionalRuralBanks)andFinancialInstitutions;

9. Army,AirForce,Navyandotherpara-militaryfundsandeligibleinstitutions;

10. ScientificandIndustrialResearchOrganisations;

11. Provident/Pension/GratuityandsuchotherFundsasandwhenpermittedtoinvest;

12. InternationalMultilateralAgenciesapprovedbytheGovernmentofIndia/RBI;

13. TheTrustee,AMCorSponsorortheirassociates(ifeligibleandpermittedunderprevailinglaws);and

14. AMutualFundthroughitsschemes,includingFundofFundsschemes.

15. ForeignInstitutionalInvestors(FIIs)registeredwithSEBIonfullrepatriationbasis;

16. QualifiedForeignInvestor(pleasereferSAIforfurtherdetails).

17. ForeignPortfolioInvestors(FPI)asdefinedinRegulation2(1)(h)ofSecuritiesandEx-changeBoardofIndia(ForeignPortfolioInvestors)Regulations,2014.

18. Suchotherindividuals/institutions/bodycorporateetc.,asmaybedecidedbytheAMCfromtimetotime,solongaswhereverapplicabletheyareinconformitywithSEBIRegulations.

Note :

1. NonResidentIndians(NRIs)andPersonsofIndianOrigin(PIOs)residingabroad/ForeignInstitutional Investors (FIIs)havebeengrantedageneralpermissionbyReserveBankofIndiaSchedule5oftheForeignExchangeManagement(TransferorIssueofSecuritybyaPersonResidentOutsideIndia)Regulations,2000forinvestingin/redeemingunitsofthemutual funds subject to conditions set out in the aforesaid regulations.

2. IncaseofapplicationunderaPowerofAttorneyorbya limitedcompanyoracorporatebodyoraneligible institutionora registeredsocietyora trust fund, theoriginalPowerofAttorneyoracertifiedtruecopydulynotarisedortherelevantresolutionorauthoritytomakethe application as the casemay be, or duly notarised copy thereof, alongwith a certifiedcopyof theMemorandumandArticlesofAssociationand/orbye-lawsand /or trustdeedand/orpartnershipdeedandCertificateofRegistrationshouldbesubmitted.Theofficialsshouldsigntheapplicationundertheirofficialdesignation.Alistofspecimensignaturesoftheauthorisedofficials,dulycertified/attestedshouldalsobeattachedtotheApplicationForm.IncaseofaTrust /Fund itshallsubmita resolution fromtheTrustee(s)authorisingsuchpurchases and redemption

3. Neither this Scheme Information Document (“SID”)/ Key Information Document (“KIM”)/StatementofAdditionalInformation(“SAI”)[“SchemeRelatedDocuments”]northeunitsofthescheme(s)havebeenregisteredundertherelevantlaws,asapplicableintheterritorialjurisdictionofUnitedStatesofAmericanorinanyprovincial/territorialjurisdictioninCanada.ItisbeingclearlystatedthattheSchemeRelatedDocumentsand/ortheunitsoftheschemesofRelianceMutualFundhavebeenfiledonlywiththeregulator(s)havingjurisdictionintheRepublicofIndia.ThedistributionoftheseSchemeRelatedDocumentsincertainjurisdictionsmayberestrictedorsubjecttoregistrationrequirementsand,accordingly,personswhocomeinto possession of theseSchemeRelatedDocuments are required to inform themselvesabout, and to observe any such restrictions.

NopersonsreceivingacopyoftheseSchemeRelatedDocumentsoranyKIMaccompanyingapplication form jurisdictionmay treat suchSchemeRelatedDocuments as an invitationto them to subscribe for units, nor should they in any event use any such application form, unless in the relevant jurisdiction such an invitation could lawfully be made to them and such application form could lawfully be used without compliance with any registration or other legal requirements.AccordinglytheseSchemeRelatedDocumentsdonotconstituteanofferorsolicitation by anyone in any jurisdiction in which such offer or solicitation is not lawful or in whichthepersonmakingsuchofferorsolicitationisnotqualifiedtodosoortoanyonetowhomitisunlawfultomakesuchofferorsolicitation.ItistheresponsibilityofsuchpersonsinpossessionoftheSchemeRelatedDocumentsandanypersonswishingtoapplyforunitspursuanttotheseSchemeRelatedDocumentstoinformthemselvesofandtoobserve,allapplicable laws and Regulations of such relevant jurisdiction.

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The RNAM shall accept such investments subject to the applicable laws and such other terms and conditions as may be notified by the RNAM . The investor shall be responsible for complying with all the applicable laws for such investments.

TheRNAMreservestherighttoputthetransactionrequestsonhold/rejectthetransactionrequest/reverseallottedunits,as thecasemaybe,asandwhen identifiedby theRNAM,which are not in compliance with the terms and conditions notified in this regard.

Foreign Account Tax ComplianceInaccordancewiththerelevantprovisionsoftheForeignAccountTaxComplianceAct(“FATCA”)ascontainedintheUnitedStatesHiringIncentivestoRestoreEmployment(“HIRE”)Act,2010,thereisalikelihoodofwithholdingtaxbeingleviedoncertainincome/receiptsourcedfromthesubjectsofUnitedStatesofAmerica(“US”)withrespecttotheschemes,unlesssuchschemesareFATCAcompliant.Inthisregard,therespectivegovernmentsofIndiaandUShavesignedanInterGovernmentalAgreement-1 (IGA)onJuly9,2015. In the termsof thisproposed IGA,RelianceMutualFund(“RMF”) and/ or RelianceNippon LifeAssetManagement Limited (RNAM) (formerly RelianceCapitalAssetManagementLimited)(“RNAM”/“AMC”)classifiedasa“ForeignFinancialInstitution”andinwhichcaseRMFand/orRNAMwouldberequired,fromtimetotime,to(a)undertakethenecessarydue-diligenceprocess;(b)identifyUSreportableaccounts;(c)collectcertainrequiredinformation/documentaryevidence(“information”)withrespecttotheresidentialstatusoftheunitholders;and(d)directlyor indirectlydisclose/report/submitsuchorotherrelevant informationto theappropriate Indianauthorities.Such informationmay include (without limitation) theunitholder’s folio detail, identity of the unit holder, details of the beneficial owners and controllingpersons etcInthisregardandinordertocomplywiththerelevantprovisionsunderFATCA,theunitholderswouldberequiredtofullycooperate&furnishtherequiredinformationtotheAMC,asandwhendeemednecessarybythelatter inaccordancewithIGAand/orrelevantcircularsorguidelinesetc,whichmaybeissuedfromtimetotimebySEBI/AMFIoranyotherrelevant&appropriateauthorities.The applications which do not provide the necessary information are liable to be rejected. The applicants/ unit holders/ prospective investors are advised to seek independent advice fromtheirownfinancial&taxconsultantswithrespecttothepossibleimplicationsofFATCAontheirinvestmentsinthescheme(s).TheunderlyingFATCArequirementsareapplicablefromJuly1,2014orsuchotherdate,asmaybenotified.Incase required,RMF/RNAMreserves the right tochange/modify theprovisions (mentionedabove)atalaterdate.RNAMreservestherighttoinvestitsownfundsintheScheme(s)uptoamaximumextentofitsnetworth.AsperSEBIRegulations,suchinvestmentsarepermitted,subjecttodisclosurebeingmadeintherespectiveSchemeOfferDocument(s).Further,RNAMshallnotchargeanyfeesonitsinvestmentintheScheme(s),unlessallowedtodosounderSEBIRegulationsinthefuture.Itisexpresslyunderstoodthatatthetimeofinvestment,theinvestor/unitholderhastheexpressauthority to invest in units of the Scheme and theAMC / Trustee / Mutual Fund will not beresponsible if such investment is ultravires the relevant constitution.TheFundreservestherighttoinclude/excludenew/existingcategoriesofinvestorstoinvestintheSchemes,subjecttoSEBIRegulationsandotherprevailingstatutoryregulations,ifany.

wherecanyousubmitthefilledupapplications.

InvestorsmaysubmitthedulycompletedapplicationformsalongwiththepaymentinstrumentatanyoftheDesignatedInvestorServiceCentresmentionedinthisSchemeInformationDocumentor any other location designated as such by theAMC, at a later date. The addresses of theDesignatedInvestorServiceCentresaregivenattheendofthisSchemeInformationDocumentand also on the website, www.reliancemutual.com InvestorsincitiesotherthanwheretheDesignatedInvestorServiceCentres(DISC)arelocated,mayforwardtheirapplicationformstoanyofthenearestDISC,accompaniedbyDemandDraft/spayablelocallyatthatDISC.As per the directives issued by SEBI, it ismandatory for an investor to declare his/her bankaccount number in the application form. This is to safeguard the interest of unit holders from loss ortheftoftheirredemptioncheques/DDs.InvestorsarerequestedtoprovidetheirbankdetailsintheApplicationFormfailingwhichthesameshallberejectedaspercurrentRegulations.

How to Apply PleaserefertotheSAIandApplicationformfortheinstructions.

Listing TheunitsoftheschemeshallbelistedonBSE.HoweverthetrusteesreservetherighttolisttheunitsonanyotherStockExchange.TheRegulationsrequirethateveryIntervalFundschemebemandatorily listed on a recognized stock exchange. However, only units held in dematerialized formcanbetradedontheStockExchange.Reliance IntervalFund - III -Series1 isDebtOriented IntervalSchemeunderwhichsaleandrepurchasewillbemadeonlyduringSpecifiedTransactionPeriod.

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The policy regarding reissue of repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Not applicable.

Restrictions, if any, on the right to freely retain or dispose of units being offered.

TheUnitsoftheSchemeareavailablefortradingandtransferonlyindematmodeviathestockexchanges.

Trading and Demat Investorsholding theunitsbywayofanaccount statement (physical form)will notbeable totradetheirunitstilltheyaredematerialized.TheUnitsoftheSchemeareavailablefortradingandtransfer only in demat mode via the stock exchanges.

SincetheschemeisgoingtobelistedandnodirectrepurchasefacilityisavailablewiththeMutualFund,theinvestorswhointendtotradeinunitsarerequiredtohaveaDematAccountandholdtheunitsinthedematerializedformonly.ThisbeingaintervalScheme,noprematureredemptioncanbemadethroughredemptioninstructiontotheMutualFunduntilnextspecifiedtransactionperiod. However,theSchemeprovidesforliquiditythroughlistingontheBSE(andanyotherrecognizedstockexchangewheretheunitsarelisted).UnitholderswhointendtoavailofthefacilitytotradeinunitsarerequiredtohaveaDematAccount.

Pledge/Lien Incaseofpledgedunits,thepartiestothepledgeshallreporttotheregistrarafterthesuspensionof trading but prior to the maturity (i.e. on or before the opening of the immediately followingspecifiedtransactionperiod)of the scheme.

note: NonResidentIndians(NRIs)andPersonsofIndianOrigin(PIOs)residingabroadandForeignInstitutionalInvestors(FIIs)havebeengranted

ageneralpermissionbyReserveBankof India for investing in / redeemingunitsof themutual fundssubject toconditionssetout in theSchedule5oftheForeignExchangeManagement(TransferorIssueofSecuritybyaPersonResidentOutsideIndia)Regulations,2000.

IncaseofapplicationunderaPowerofAttorneyorbyalimitedcompanyoracorporatebodyoraneligibleinstitutionoraregisteredsocietyoratrustfund,theoriginalPowerofAttorneyoracertifiedtruecopydulynotarisedortherelevantresolutionorauthoritytomaketheapplicationasthecasemaybe,ordulynotarisedcopythereof,alongwithacertifiedcopyoftheMemorandumandArticlesofAssociationand/orbye-lawsand/ortrustdeedand/orpartnershipdeedandCertificateofRegistrationshouldbesubmitted.Theofficialsshouldsigntheapplicationundertheirofficialdesignation.Alistofspecimensignaturesoftheauthorisedofficials,dulycertified/attestedshouldalsobeattachedtotheApplicationForm.IncaseofaTrust/FunditshallsubmitaresolutionfromtheTrustee(s)authorisingsuchpurchasesandredemptions.

InlinewithSEBIRegulationsandcircularsissuedbySEBIfromtimetotime,theAMCmayinvestitsownfundsinthescheme(s).Further,theAMCshallnotchargeanyfeesonitsinvestmentintheScheme(s),unlessallowedtodosounderSEBIRegulationsinthefuture

AMinorunitholder,uponbecomingamajor, is required to inform theAMC/RegistraraboutattainingmajorityandprovidehisspecimensignaturedulyauthenticatedbyhisbankeraswellashisdetailsofbankaccountandPANtoenabletheRegistrartoupdatetherecordsandallowhimtooperatetheAccountinhisownright/capacityasanindividual.

Subject to theRegulations,anyapplication forUnitsmaybeacceptedor rejected in thesoleandabsolutediscretionof theTrustee.Forexample, theTrusteemay reject anyapplication for thePurchaseofUnits if theapplication is invalid or incomplete or if, in its opinion,increasingthesizeofanyoralloftheSchemes’UnitcapitalisnotinthegeneralinterestoftheUnitHolders,oriftheTrusteeforanyotherreasondoesnotbelievethatitwouldbeinthebestinterestoftheSchemesoritsUnitHolderstoacceptsuchanapplication.

TheAMC/Registrarsmayneedtoobtainfromtheinvestorproofofidentityorsuchotherdetailsrelatingtoasubscriptionforunitsasmayberequiredunderanyapplicablelaws,whichmayresultindelayinprocessingtheapplication.

The normal time taken to process redemption and/ or purchase requests, as mentioned earlier, may not be applicable extraordinarycircumstances as mentioned above.

Anorder/requesttopurchaseUnitsisnotbindingonandmayberejectedbytheTrustee,theAMCorRegistrars,unlessithasbeenconfirmedinwritingbytheAMCoritsagentsand(or)paymenthasbeenreceived/realized.

B. ONGOING OFFER DETAILS

OngoingOfferPeriodThis is the date from which the scheme willreopenforsubscriptions/redemptionsaftertheclosureoftheNFOperiod.

TheUnitsoftheSchemewillnotbeavailableforSubscriptions,Switch-in,RedemptionandSwitchoutaftertheclosureofNFOperiodexceptduringSpecifiedTransactionPeriod.Toprovideliquiditytotheinvestors,theunitsoftheSchemewillbelistedonBSEand/oronanyoftherecognizedStockExchangesinIndia.

Ongoing price for subscription (purchase)/switch-in (from otherschemes/plansofthemutualfund)byinvestors.This is the price you need to pay for purchase/switch-in.

AttheapplicableNAVduringSpecifiedTransactionPeriod.TheUnitsoftheSchemewillnotbeavailableforsubscriptions/switch-in(InterSchemeorInterPlan)aftertheclosureofNFOPeriodexceptduringSpecifiedTransacationPeriod.PurchasePriceThePurchasePricewillbecalculatedinthefollowingway:PurchasePrice=ApplicableNAV

In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIRNo.4/168230/09 dated June 30, 2009 no entry loadwill be charged for purchase / additionalpurchase/switch-inacceptedbyRMFwitheffectfromAugust01,2009.

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Ongoing price for redemption (sale) /switch outs (to other schemes/plans of the Mutual Fund) by investors.

This is the price you will receive for redemptions/switchouts.

AttheapplicableNAVsubjecttoprevailingexitload,ifanyduringSpecifiedTransactionPeriod.

Noredemption/repurchase/switchout(InterScheme/InterPlan)ofunitsshallbeallowedexceptduringSpecifiedTransactionPeriod.

redemptionPrice:TheRedemptionPricewillbecalculatedinthefollowingway:

RedemptionPrice=ApplicableNAVx(1-ExitLoad)

Example:IftheapplicableNAVisRs.10.00,andtheexit/repurchaseloadis2percentthentherepurchasepricewillbeRs.9.80.

Cut off timing for subscriptions/ redemptions/ switches

This is the time before which your application(completeinallrespects)should reach the official pointsof acceptance during SpecifiedTransactionPeriod.

1. Subscriptions/Purchasesincludingswitch-ins

The following cut-off timings shall be observed by a mutual fund in respect of purchase of units oftheschemeandtheirplans,andthefollowingNAVsshallbeappliedforsuchpurchase:

i. PurchasesforanamountofRs2lakhandabove:

Inrespectofvalidapplicationreceivedbefore3.00p.m.andfundsfortheentireamountofsubscription/purchaseaspertheapplicationarecreditedtothebankaccountofthescheme and are available for utilization before the cut-off time of 3.00 p.m., the closing NAVofthedayshallbeapplicable;

Inrespectofvalidapplicationreceivedafter3.00p.m.andfundsfortheentireamountofsubscription/purchaseaspertheapplicationarecreditedtothebankaccountofthescheme and available for utilization before the cut-off time of the next business day, the closingNAVofthenextbusinessdayshallbeapplicable;

Irrespectiveofthetimeofreceiptofapplication,theclosingNAVofthedayonwhichthefunds are credited to the bank account of the scheme and available for utilization before thecut-offtimeonanysubsequentbusinessday,theclosingNAVofsuchsubsequentbusiness day shall be applicable.

ii. Forswitch-inofRs2lakhandabove

a. Applicationforswitch-inisreceivedbeforetheapplicablecut-offtimeof3.00p.m;

b. Fundsfortheentireamountofsubscription/purchaseaspertheswitch-inrequestare credited to the bank account of the respective switch-in schemes before the cut-offtime;

c. The funds are available for utilization before the cut-off time, by the respective switch-in schemes

iii. Purchases/switch-inforamountoflessthanRs2lakh:

a. wheretheapplicationisreceivedupto3.00pmwithalocalchequeordemanddraftpayableatparattheplacewhereitisreceived–closingNAVofthedayofreceiptofapplication;

b. wheretheapplicationisreceivedafter3.00pmwithalocalchequeordemanddraftpayableatparattheplacewhereitisreceived–closingNAVofthenextbusinessdayand;

c. wheretheapplicationisreceivedwithanoutstationchequeordemanddraftwhichisnotpayableonparat theplacewhere it is received–closingNAVofdayonwhichthechequeordemanddraftiscredited

UniformprocessforaggregatingsplittransactionsfornaVapplicability:

PursuanttoAMFIcircularno.135/BP/35/2012-13datedFebruary18,2013,thefollowingpracticeofaggregatingsplit transactionsshallbe followedandaccordingly theclosingNAVof thedayon which the funds are available for utilization shall be applied where the aggregated amount of investmentsisRs.2lacsandabove:

a. Alltransactionsreceivedonthesameday(asperTimestamprule).

b. Transactionsshallincludepurchases,additionalpurchases,excludingSwitches,othereligiblesystematictransactionsasmentionedintheparatitled“SpecialProducts”ofrespectiveSIDs.

c. Aggregations shall be done on the basis of investor’s PAN. In case of joint holding,transactions with similar holding structures shall be aggregated.

d. All transactions shall be aggregated where investor holding pattern is same as stated above, irrespectiveofwhethertheamountoftheindividualtransactionisaboveorbelowRs2lacs.

e. Onlytransactionsinthesameschemeshallbeclubbed.Thiswillincludetransactionsatplan/optionlevel(Dividend,Growth,Direct).

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f. Transactions in the name of minor, received through guardian should not be aggregated with the transaction in the name of same guardian.

Further,investorsmaypleasenotethatthesaidprocessisbeingfollowedinlinewiththedirectivesspecifiedbyAssociationofMutualFundsinIndia(“AMFI”).RMF/RNAMshallreservetherighttochange/modifyanyofthetermswithrespecttoprocessingoftransactioninlinewithdirectivesspecifiedbySecurities&ExchangeofBoardofIndiaorAMFIfromtimetotime.2. Redemptions including switch - outsNoredemption/repurchaseofunitsshallbeallowedintheschemeexceptduringtheSpecifiedTransactionPeriod.However,sinceiftheunitsareheldindematerializedform,sotheinvestorscanbuy/sellunitsonacontinuousbasisonthestockexchanges(s)onwhichtheunitsarelistedandcanbepurchased/soldunitsduringthetradinghourslikeanyotherpubliclytradedstock,exceptduringthetemporarysuspensionperiod, ifany.Moreover,noredemption/switchoutwillbeallowedduringtheseconddayoftheSTPforpurchaseswitch-insmadeduringthefirstdayoftheSTP.However,investorwillhaveanoptionofprovidingautoswitchoutfacilityduringtheNFOandduringtheSTP,fortheredemptionproceedsintoalleligibleschemesofRelianceMutualFund.Thisfacilitywouldbeexecutedonlyonthefirsttransactiondateofthenextspecifiedtransactionperiod.The switch out facility will not be available for units held in dematerialized mode. The following cut-off timings shall be observed by a mutual fund in respect of repurchase of units in

itsotherschemesandtheirplans,andthefollowingNAVsshallbeappliedforsuchrepurchase: i. where theapplication receivedupto3.00pm– closingNAVof thedayof receipt of

application;and ii. anapplicationreceivedafter3.00pm–closingNAVofthenextbusinessday.

Where can the applications for purchase/redemption switches be submitted?

Applicationsforpurchase/redemption/switchesbesubmittedatanyoftheDesignatedInvestorServiceCentresmentionedinthisSchemeInformationDocumentoranyotherlocationdesignatedassuchbytheAMC,atalaterdate.TheaddressesoftheDesignatedInvestorServiceCentresaregivenattheendofthisSchemeInformationDocumentandalsoonthewebsite,w.ww.reliancemutual.comInvestorsincitiesotherthanwheretheDesignatedInvestorServiceCentres(DISC)arelocated,mayforwardtheirapplicationformstoanyofthenearestDISC,accompaniedbyDemandDraft/spayablelocallyatthatDISC.

Minimum amount for purchase/redemption/switches

newFundOffer&DuringSpecifiedTransactionPeriod:i. ForFirstPurchase(allOptions/Plans) Rs.5,000/-andinmultiplesofRe.1/-thereafterii. additionalSubscription/investmentamount(allOptions/Plans) Rs.1,000/-andinmultiplesofRe.1/-thereafteriii Minimum Switch Amount Willbeaspertheminimumapplicationamountintherespectiveschemewhichmayhave

beenoptedbytheInvestorforswitchingtheunits/amountwheretheswitchfacilityisavailableiv For Redemption / including switch – outs Redemptions can be of minimum amount of Rs 100 or any number of units only during

SpecifiedTransactionPeriod.OtherthanSpecifiedTransactionPeriod:Noredemption/repurchaseofunitsshallbeallowedintheschemeexceptduringtheSpecifiedTransactionPeriod.However,sinceiftheunitsareheldindematerializedform,sotheinvestorscanbuy/sellunitsonacontinuousbasisonthestockexchanges(s)onwhichtheunitsarelistedandcanbepurchased/soldunitsduringthetradinghours likeanyotherpublicly tradedstock,except during the temporary suspension period, if any.RNAMmay revise theminimum /maximumamounts and themethodology for new/additionalsubscriptions, as and when necessary. Such change may be brought about after taking intoaccountthecoststructureforatransaction/accountand/orMarketpracticesand/ortheinterestof existing unitholders.Further,suchchangesshallonlybeapplicabletotransactionsfromthedateofsuchachange,ona prospective basis.RNAMmayrevisetheminimum/maximumamountsandthemethodologyforsubscriptionsasandwhennecessary,forsubsequentplans.Suchchangemaybebroughtaboutaftertakingintoaccountthecoststructureforatransaction/accountand/ormarketpracticesetc.

Minimum balance to be maintained and consequences of non maintenance.

TheFundmayrevisetheminimum/maximumamountsandmethodologyforredemptionsasandwhennecessary.Suchchangemaybebroughtaboutaftertakingintoaccountthecoststructureforatransaction/accountand/orMarketpracticesand/ortheinterestoftheunitholders.Furthersuchchangesshallbecarriedoutonaprospectivebasisfromthedateofnotificationofsuchchangeandwould not, in any manner, be prejudicial to the interests of the investors who have joined the scheme beforesuchnotification.Anychangeswouldbeinformedtounitholdersbywayofanadvertisement.

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SpecialProductsavailable MicrOSYSTeMaTicinVeSTMenTPLan(“MicrOSiP”)/PaneXeMPTinVeSTMenTSInlinewithSEBIletterno.OW/16541/2012datedJuly24,2012addressedtoAMFI,Investmentsinthemutualfundschemes{includinginvestmentsthroughSystematicInvestmentPlans(SIPs)}uptoRs.50,000/-perinvestorperyearshallbeexemptedfromtherequirementofPAN.ThemaximuminstallmentamountincaseofMicroSIPshallbeasfollows:1.Rs.4000permonthforMonthlyfrequency.2.Rs.12000perquarterforQuarterlyfrequency.3.Rs.50000peryearforYearlyfrequencyAccordingly, for considering the investmenAccordingly,forconsideringtheinvestmentsmadebyaninvestoruptoRs.50,000/-,anaggregateofallinvestmentsincludingSIPsmadebyaninvestorinaFinancialYeari.e.fromApriltoMarch,shallbeconsideredandsuchinvestorsshallbeexemptedfromtherequirementofPAN.However,requirementsofKnowYourCustomer(KYC)shallbemandatoryandinvestorsseekingtheaboveexemptionofPANwillneedtosubmitthePANExemptKYCReferenceNo(PEKRN)/KYCIndentificationNO(KIN)acknowledgementissuedbyKRA/(CentralKYCRegistry)along with the application form. ThisexemptionisapplicableonlyforindividualsincludingNRIs,minorsactingthroughguardian,Soleproprietorshipfirmsandjointholders*.Othercategoriesofinvestorse.g.PIOs,HUFs,QFIs,non - individuals, etc. are not eligible for such exemption.*Incaseofjointholders,firstholdermustnotpossessaPAN.LumpsumInvestments /Systematic InvestmentsPlan(SIP) /Switch /wouldbeconsideredfortracking the above exemption limit.Investorsarerequested tonote that, incasewherea lumpsuminvestment ismadeduring thefinancialyearandsubsequentlyafreshSIPmandaterequestisgivenwherethetotalinvestmentsforthatfinancialyearexceedsRs.50,000/-,suchSIPapplicationshallberejected.IncasewhereaSIPmandate issubmittedduring thefinancialyearandsubsequentlya freshlumpsuminvestmentisbeingmadeprovidedwherethetotalinvestmentsforthatfinancialyearexceeds Rs. 50,000, such lump sum application will be rejected.Redemptions if any, in theMicro Investment folio, shall not be considered for calculating theexemptionlimitforsuchfinancialyear.ConsolidationoffolioshallbeallowedonlyifthePEKRNinall folios is same along with other investor details.PostDatedChequeswillnotbeacceptedasamodeofpaymentforapplicationofMICROSIP.RelianceSIPInasurefacilitywillnotbeextendedtoinvestorsapplyingunderthecategoryofMicroSIPs.alternatemeansoftransaction-OnlineTransaction:Facilityofonline transactions isavailableduring theeachSpecifiedTransactionPeriodon theofficialwebsiteofRelianceMutualFundi.e.www.reliancemutual.com.Consequent tothis, thesaidwebsiteisdeclaredtobean“officialpointofacceptance”forapplicationsforsubscriptions,redemptions,switchesandotherfacilities(ifapplicable).TheUniformCut-offtimeasprescribedbySEBIandasmentionedintheSchemeInformationDocumentsofschemeshallbeapplicablefor applications received through the website. However, investors should note that transactions on thewebsiteshallbesubjecttotheeligibilityoftheinvestors,anyterms&conditionsasstipulatedbyRelianceMutual Fund/RelianceNippon LifeAssetManagement Limited (formerlyRelianceCapitalAssetManagementLimited).,fromtimetotimeandanylawforthetimebeinginforce.PleasenotethatSpecialfeaturessuchasSystematicInvestmentPlan;SystematicTransferPlan&SystematicWithdrawalPlanwillnotbeavailable.TranSacTiOnSThrOUghreLianceMUTUaLFUnDaPPLicaTiOn:TransactionthroughRelianceMutualFundapplicationisafacility,wherebyinvestorscanPurchase/Switch/Redeemunits,viewaccountdetails&requestforaccountstatementusingtheirPersonalComputer,Tablet,MobilePhoneoranyothercompatibleelectronicdevices,whichhasinternetfacility subject to certain conditions. In order to process such transactions InternetPersonal IdentificationNumber (I-PIN)which isissuedbyRMFfortransactingonlinethroughthewebsite/applicationshouldbeused.Forthesaidpurpose,RMFApplication,http://m.reliancemf.comandhttp://m.reliancemutual.comareconsideredtobean“officialpointofacceptance”.TheUniformCut - off time as prescribed bySEBI andmentioned in theSID / KIM shall beapplicable for applications received through such facility. This facility of transacting in mutual fund schemes is available subject to such limits, operating guidelines, terms and conditions as may be prescribedbytheRMFfromtimetotime.RMF/RNAMreservetherighttointroduce,change,modify or withdraw the features available in this facility from time to time.SUBScriPTiOnThrOUghViSaMaSTercarDanDMaeSTrODeBiTcarDRelianceMutualFund(RMF)shallacceptsubscriptions intheschemesofRMFfrominvestorshavingexisting folioon internet throughVISAMasterCardandMaestroDebitCard.Thesaidinvestmentscanbemadethroughourofficialwebsitei.e.www,reliancemutual.com.InvestorsarerequestedtonotethatRelianceNipponLifeAssetManagementLimited(RNAM)(formerlyRelianceCapitalAssetManagementLimited) shall endeavour toobtain thedetails of thebankaccountdebited from the payment gateway service provider and match the same with the registered pay-inaccounts.Incaseitisfoundthatthepaymentisnotmadefromaregisteredbankaccountorfromanaccountnotbelongingtothefirstnamedunitholder,theRNAMoritsRegistrar&TransferAgent shall reject the transaction with due intimation to the investor.

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RNAMshallendeavourtoobtainnameoftheBankmakingthepaymentforsubscription,wheretheinvestors’accountdetailsarenotmadeavailablebythepaymentgatewayserviceprovider.Consequently, forsubscription through thismode thesaidwebsiteshallbean “officialpointofacceptance”.TheUniformCut-offtimeasprescribedbySEBIandasmentionedintheSchemeInformationDocumentofrespectiveschemesshallbeapplicableforapplicationsreceivedonthewebsite. However, investors should note that transactions on the website shall be subject to the SEBIRegulations,eligibilityoftheinvestors,terms&conditions,operatingguidelinesasstipulatedbyRMF/RNAM,fromtimetotimeandanylawforthetimebeinginforce.RMF/RNAMreservethe rights to introduce, change, modify or withdraw the features available in this facility from time to time.

inTerBanKMOBiLePaYMenTSerVice(“iMPS”)Thisfacilityisavailableonlytotheindividualinvestorhavingfoliowiththesinglemodeofholding.Itisanadditionalmodeofsubscription.IMPSisapaymentplatformprovidedbyNationalPaymentsCorporation of India (“NPCI”)that allows investor(s) to usemobile technology as a channel foraccessing their bank accounts and initiating interbank fund transaction in a convenient and secure manner. ExistingInvestor(s)ofRMFarerequiredtoregisterwiththeirbanktoactivateIMPSfacilityfortheirbankaccountandobtainMobileMoneyIdentifier.Features/processforsubscriptionthroughiMPS1. InvestorhastoobtainaMobileMoneyIdentifier(“MMID”)andMobilePIN(“MPIN”)forthe

bankaccountheldwithhis/herBank.TheprocessofregistrationvariesfromBanktoBank.2. InvestorneedtoregisterforthisfacilitywithRMFbysendingaSMS‘STARTIMPS’to‘9243

777710’sevendayspriortotransacting.ThisSMSshouldbesentfromtheMobilenumberregisteredwithRMF.

3. RelianceMutualFund’sMMIDis“9039001”4. RelianceMutualFundMobileNumberis“9664001111”5. Investorwillhave tosendaSMSoruse thebankmobileapplication fromhis/hermobile

number registeredwith his bank, instructing to transfer funds fromhis/her bank account.InvestorwillhavetoprovideRMF–MMID,MobileNumber,andtheamounthe/shewishestotransferandthepaymentreferencedetailsi.e.FolioNumberregisteredagainstthemobilenumber and scheme code.

6. TheSMS/instructionfrommobileapplicationsentbytheinvestortohisbankwillberoutedthroughNPCItothecollectionbankerappointedRMFforcollectionoffundsthroughIMPS.

7. All valid instruction received by the collection banker from NPCI up to 2.p.m. would beconsideredforsamedayTimeStamping.Schemeswheretheunitallotmentisdoneonthebasisofreceiptofcredit,theNAVapplicabilitywillbebasedonreceiptoffunds.

8. ValidInstructionsreceivedafter2.00pmbythecollectionbankerwouldbeconsideredforthenext transaction date.

9. Incomplete/invalidIMPSinstructionreceivedbythecollectionbankerwillberejectedandrefundedbackthroughIMPSwithin3workingdays

10. InvestmentinstructionreceivedthroughIMPS,unitswillbeallottedinPhysicalModeonly.11. AspertheprocesslaiddownbyNPCIformovementoffunds,theamountmaybedebited

fromtheinvestoraccountimmediatelyandthefundsmaybecreditedintoRMFcollectionaccount on the next working day of the bank.

12. ThisfeaturewillbeapplicableforallschemesandminimuminvestmentamountcriteriawillbeapplicableaspertheSID/KIM.

13. TodeactivatetheserviceofsubscriptionthroughIMPSinvestorcansendSMS‘STOPIMPS’to ‘9243777710’.ThefeaturewillbedeactivatedwithRMFwith in7calendardaysfromthedateofreceiptofrequest.FundsreceivedthroughIMPS(ifany)postdeactivationofthisservice will be refunded.

14. SubscriptionthroughIMPSwillbeacceptedonlyfromregisteredbankaccountasupdatedinthe folio with the fund house.

15. ThecurrenttransactionamountlimitsetbyNPCIisRs5,000perdayfortransactionsdonethroughSMSandlimitisRs50,000perdayfortransactionsdonethroughmobileapplicationof the debit bank.

16. AnyChargeback/disputehastoberaisedwithin60daysfromthedateoftransactionwithRMF.

17. OnlyResidentIndividuals,NonResidentIndividualswithmodeofholdingas‘Single’onlyareeligibleforIMPSfacilitywithRMF.

RMF/RNAMreserevetherighttointroduced,change,modifyorwithdrawthefeaturesavailableinthis facility from time to time.

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OFFiciaLPOinTSOFaccePTanceOFTranSacTiOnThrOUghMFUTiLiTY: RNAMhasenteredintoanagreementwithMFUtilitiesIndiaPrivateLimited(“MFUI”),a“CategoryII - Registrar to an Issue” under SEBI (Registrars to an Issue and Share Transfer Agents)Regulations,1993,forusageofMFUtility(“MFU”)-asharedservicesinitiativeofvariousassetmanagement companies, which acts as a transaction aggregator for transacting in multiple schemes of various mutual funds with a single form and a single payment instrument.Accordingly,alltheauthorizedPOSandwebsite/mobileapplicationofMFUI(availablecurrentlyand also updated from time to time) shall be eligible to be considered as ‘official points ofacceptance’forallfinancialandnon-financialtransactionsintheschemesofRMFeitherphysicallyorelectronicallywitheffectfromFebruary6,2015.ThelistofPOSofMFUIispublishedonthewebsiteofMFUIatwww.mfuindia.com.ApplicabilityofNAVshallbebasedontimestampingasevidencedbyconfirmationslipgivenbyPOSofMFUIandalsotherealizationoffundsintheBankaccountofRelianceMutualFund(andNOTthetimeofrealizationof funds in theBankaccountofMFUI)within theapplicablecut-offtiming.TheUniformCut-offtimeasprescribedbySEBIandmentionedintheSID/KIMshallbeapplicable for applications received through such facilities.

Investorsarerequested tonote thatMFUIwillallotaCommonAccountNumber(“CAN”) i.e.asingle reference number for all investments in the mutual fund industry for transacting in multiple schemesofvariousmutualfundsthroughMFUandtomapexistingfolios,ifany.InvestorscancreateaCANbysubmittingtheCANRegistrationFormandnecessarydocumentsatthePOS.TheAMCand/oritsRegistrarandTransferAgentshallprovidenecessarydetailstoMFUIasmaybeneeded forproviding the required services to investors/distributors throughMFU. InvestorsarerequestedtovisitthewebsiteofMFUIi.e.www.mfuindia.comtodownloadtherelevantforms.

ForanyqueriesorclarificationsrelatedtoMFU,pleasecontacttheCustomerCareofMFUIon1800-266-1415(duringthebusinesshoursonalldaysexceptSundayandpublicholidays)orsendan email to [email protected].

Accounts Statements InaccordancewithSEBICircularNo.Cir/IMD/DF/16/2011datedSeptember8,2011andSEBICircularno.CIR/MRD/DP/31/2014datedNovember12,2014theinvestorwhosetransactionhasbeenacceptedbytheRNAM/RMFshallreceiveaconfirmationbywayofemailand/orSMSwithin5BusinessDays fromthedateof receiptof transaction request,samewillbesent to theUnitholdersregisterede-mailaddressand/ormobilenumber.Thereafter,aConsolidatedAccountStatement(“CAS”)shallbeissuedinlinewiththefollowingprocedure: 1. ConsolidationofaccountstatementshallbedoneonthebasisofPAN.Incaseofmultiple

holding,itshallbePANofthefirstholderandpatternofholding.2. TheCASshallbegeneratedonamonthlybasisandshallbeissuedonorbefore10thofthe

immediatelysucceedingmonthtotheunitholder(s)inwhosefolio(s)transaction(s)has/havetaken place during the month.

3. IncasethereisnotransactioninanyofthemutualfundfoliosthenCASdetailingholdingofinvestmentsacrossallschemesofallMutualFundswillbeissuedonhalfyearlybasis[attheendofeverysixmonths(i.e.September/March)]

4. InvestorshavingMF investmentsandholdingsecurities inDemataccountshall receiveaConsolidatedAccountStatementcontainingdetailsof transactionsacrossallMutualFundschemesandsecuritiesfromtheDepositorybyemail/physicalmode.

5. InvestorshavingMFinvestmentsandnothavingDemataccountshallreceiveaConsolidatedAccountStatementfromtheMFIndustrycontainingdetailsoftransactionsacrossallMutualFundschemesbyemail/physicalmode.

The word ‘transaction’ shall include purchase, redemption, switch, dividend payout, dividendreinvestment, systematic investment plan, systematic withdrawal plan, and systematic transfer plan and bonus transactions.CASshallnotbereceivedbytheUnitholders for thefolio(s)wherein thePANdetailsarenotupdated.TheUnitholdersarethereforerequestedtoensurethatthefolio(s)areupdatedwiththeirPAN.ForMicroSIPandSikkimbasedinvestorswhosePANdetailsarenotmandatorilyrequiredtobeupdatedAccountStatementwillbedispatchedbyRNAM/RMFforeachcalendarmonthonor before 10th of the immediately succeeding month.IncaseofaspecificrequestreceivedfromtheUnitholders,RNAM/RMFwillprovidetheaccountstatementtotheinvestorswithin5BusinessDaysfromthereceiptofsuchrequest.

Dividend The dividend warrants shall be dispatched to the unitholders within 30 days of the date of declaration of the dividend.Incaseofdelayofrepaymentindividendbeyond30days,theAssetManagementCompanyshallbeliabletopayinteresttotheunitholdersatsuchrateasmaybespecifiedbySEBIfortheperiodofsuchdelay(presently@15%perannum).

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Redemption/Repurchase proceeds No redemption/repurchase of units shall be allowed in the scheme except during the SpecifiedTransactionPeriod.InvestorswishingtoexitotherthantheSpecifiedTransactionPeriodmaydosoby selling their units through stock exchanges where the units of the scheme are listed. Redemption proceedsshallbedispatchedto/creditedinthebankaccountoftheunitholderswithin10BusinessDaysfromthedateofredemption.However,investorwillhaveanoptionofprovidingautoswitchoutfacilityduringtheNFOandduringtheSTP,fortheredemptionproceedsintoalleligibleschemesofRelianceMutualFund.Thisfacilitywouldbeexecutedonlyonthefirsttransactiondateofthenextspecifiedtransactionperiod.InvestorwillhaveanoptiontoswitchouttheredemptionproceedsintoanyotherschemeofRelianceMutualFundduringtheSpecifiedTransactionPeriod.However,switchoutfacilitywillnotbeavailablefor units held in dematerialized mode.Thetrusteesreservetherighttosuspend/deactivate/freezetrading,ISINoftheschemeanddoallsuchmattersduringtheSpecifiedTransactionPeriodoratanytimetendayspriortotheSpecifiedTransactionPeriod.Theproceedsof the redemptionwill bepayable to thepersonwhosenamesareappearinginthebeneficiarypositiondetailsofwhichwillbereceivedfromdepositoriesafterthesuspension/deactivation/freezingofISIN.Redemptionproceedswouldbepayabletoinvestorsasperthebankdetailsprovidedinbeneficiaryposition details received from depositories. However, once the units are dematerialized and the investor sells to another investor through exchange ortransferstheunitstoanotherinvestorthroughDPthentheredemptioninstructionprovidedbytheexistinginvestorwillnotbevalidforthenewinvestor.Forthenewinvestortheredemptionproceedsshall be dispatched to the designated bank account of the unit holder within 10 business days from the date of redemption or repurchase, subject to availability of all relevant documents and details.

Delay in payment of redemption / repurchase proceeds

TheAssetManagementCompanyshallbeliabletopayinteresttotheunitholdersatsuchrateasmaybespecifiedbySEBIfortheperiodofsuchdelay(presently@15%perannum).No interestwillbepayableonanysubscriptionmoney refundedwithin5businessdays. If theFundrefundstheamountafter5businessdays,interest@15%p.a.willbepaidtotheapplicantandbornebytheAMCfortheperiodfromthedayfollowingthedateofexpiryof5businessdaysuntiltheactualdateoftherefund.Refundorderswillbemarked“A/c.payeeonly”anddrawninthenameoftheapplicant inthecaseofasoleapplicantandinthenameofthefirstapplicantinallothercases.Inbothcases,thebankaccountnumberandbankname,asspecifiedintheapplication,willbementionedintherefundorder.Thebankand/orcollectioncharges,ifany,willbebornebytheapplicant.Alltherefundpaymentswillbemailedbyregisteredpostorasrequiredunder Regulations.In the caseof holdings specifiedas ‘jointly’, all requestswill have to be signedbyall the jointholders.However,inthecaseofholdingsspecifiedas‘anyoneorsurvivor’,anyoneofthejointholdersmaysignsuchrequests.

How to Redeem TheUnitscanberedeemedattheRedemptionPrice.AUnitholderhastheoptiontorequestforaredemptioneitherbyamount(inRupees)orbynumberofUnits.Iftheredemptionrequestindicatesbothamount(inRupees)andnumberofUnits,thelatterwillbeconsidered.WhereaRupeeamountisspecifiedordeemedtobespecifiedforredemption,thenumberofUnitsredeemedwillbetheamountredeemeddividedbytheRedemptionPrice.Alternatively,aunitholdercanrequestclosureofhisaccount,inwhichcase,theentireunitbalancelying to the credit of his account will be redeemed.ThenumberofUnitssoredeemedwillbesubtractedfromtheunitholder’saccountbalanceandastatementtothiseffectwillbeissuedtotheunitholder.Incasethebalanceinunitholder’saccountdoesnotcovertheamountofredemptionrequesttheFundmayclosetheunitholder’saccountandsendtheentiresuch(lesser)balancetotheunitholders.IfaninvestorhaspurchasedUnitsonmorethanoneworkingday,theUnitspurchasedpriorintime(i.e.thoseUnitswhichhavebeenheldforthelongestperiodoftime),willbedeemedtohavebeenredeemedfirst,i.e.onaFirstinFirstoutBasis.Unitspurchasedbychequewillnotberedeemeduntilafterrealisationofthecheques/DD.Note :TheprocessingofRedemption/Switch/Various transaction request (s)where realizationstatusisnotavailable,RMFshallkeeptheunitsallottedtoinvestoronholdforredemption/switch/Varioustransactionstill thetimethepayment isrealizedtowardssuchpurchasetransaction(s).ThetransactionslipcanbeusedbytheinvestortomakearedemptionorInterschemeSwitchorInterplanSwitchorInterOptionSwitchbyenteringtherequisitedetailsinthetransactionslipandsubmittingthesameattheDesignatedInvestorServiceCentre.TransactionslipscanbeobtainedfromanyoftheDesignatedInvestorServiceCentres.Alternativelytheclientcanredeemtheunitsonlinethroughourwebsite.Currentlythisfacilityisavailableonlyforindividualinvestors.RNAM reserves the right to provide the facility of redeeming units of the Scheme throughan alternativemechanism asmay be decided by the Fund from time to time.The alternativemechanism may include electronic means of communication such as redeeming units online throughthewebsite(s)etc.

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Where to submit the

Redemption request

Theunitholdershouldsubmitthetransactionslipforaredemption/switchorrequestforclosureofhis/heraccountatanyoftheDesignatedInvestorServiceCentres.

PaymentofredemptionProceeds PaymentofRedemptionproceeds,forallopenendedschemes,alsoenclosedSID

Resident Investors

TheFundproposestopayredemptionproceedsinthefollowingmanner:

i. DirectlytothebankaccountofunitholdersthroughDirectcredit/rTgS/neFT:DirectcreditfacilitywillbeavailableonlywithselectbankerswithwhomtheMutualFundcurrentlyhas a tie-up in place or will tie-up for such a facility at a later date. As per the directive issuedbySEBI, it ismandatory foran investor todeclarehis /herbankaccountnumberandaccordingly,investorsarerequestedtogivetheirbankaccountdetailsintheapplicationform.TheMutualFund,onabesteffortbasis,andafterscrutinizingthenamesofthebankswhere unitholders have their accounts, will instruct the bank for the payment of redemption proceedstotheunitholder’sbankaccount.

ii. Forcasesnotcoveredabove:Unitholderswillreceiveredemptionproceedsbycheques,marked“A/c.Payeeonly”anddrawninthenameofthesoleholder/first-namedholder(asdeterminedby the recordsof theRegistrar).TheBankNameandBankAccountNo., asspecifiedintheRegistrar’srecords,willbementionedinthecheque.Incaseanyinvestordoes not give his bank details, for any reasonwhatsoever, the Fund shall in noway beresponsibleforanyloss,onpaymentmadewithoutthePayeeBankdetailsintheinstrument.Thechequewillbepayableatpar inall thecitieswheresuchfacility isavailablewith thespecifiedbankers.Forothercities,DemandDraftswillbeissuedpayableatthecityofhisresidenceafterdeductingtheDemandDraftcharges.

Non Resident Investors

i. repatriation Basis: When units have been purchased through remittance in foreignexchange fromabroadby cheque / draft issued fromproceedsof theunitholders’FCNRdeposit or from funds held in the unitholders’ Non Resident (External) account kept inIndia, the proceeds can be remitted to the unitholder in foreign currency (any exchangeratefluctuationwillbebornebytheunitholder).TheproceedscanalsobesenttohisIndianaddressforcreditingtohisNRE/FCNR/non-resident(Ordinary)accountorNRSRaccount,if desired by the unitholder.

ii. nonrepatriationBasis:Whenunitshavebeenpurchasedfromfundsheldintheunitholders’non-resident(Ordinary)account,theproceedswillbesenttotheunitholdersIndianaddressforcreditingtotheunitholders’Non-Resident(Ordinary)account.

ItmaybenotedthattheinvestorsofRMFshallbegiventhepayoutofredemptionasanadditionalmodeof payment throughelectronicmodeasmaybe specifiedbyReserveBankof India fromtime to time.This isanadditionalmodeofpaymentsoverandaboveexistingmode. Inorder toeffect such payments through electronic mode, data validation exercise will be carried out by RNAM through one of the banking channels which will enable RNAM to validate the investor data with the Bankrecords.ItmaybenotedthatifRNAMunabletoprovidesuchcreditsduetovariousreasons,thenpaymentwillbemadeinaccordancewiththemodeasspecified.

TheFundmaymakeotherarrangementsforeffectingpaymentofredemptionproceedsinfuture.

DespatchofProceeds AsperSEBIRegulations, theMutualFundshalldespatch the redemptionproceedswithin themaximum period allowed, which is currently 10 working days from the date of receipt of the redemptionrequestattheDesignatedInvestorServiceCentres.

However, under normal circumstances, theMutual Fund shall endeavour to despatch/ transferthe redemption proceeds to the unitholders bank account within one working day from the date of receiptoftheredemptionrequestattheDesignatedInvestorServiceCentres.Forpaymentsmadeother than through direct transfers, the redemption proceeds shall be despatched through ordinary mail(withorwithoutUCP)orRegisteredPostorbyCourier,unlessotherwiserequiredundertheRegulations, at the risk of the unitholder.

Effect of Redemptions OntheFund:TheUnitcapitalandReservesof theSchemewillstandreducedbyanamountequivalenttotheproductofthenumberofUnitsredeemedandtheApplicableNAVasonthedateof redemption.

Ontheunitholder’saccount:Thebalancesintheunitholder’saccountwillstandreducedbythenumberofUnitsredeemed.

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additional Purchases/ interSchemeSwitch/interPlanSwitch/ Inter Option Switch

Thetransactionslipcanbeusedby the investor tomakeadditionalpurchases / InterSchemeSwitches /Inter Plan Switches or Inter Option Switches during Specified Transaction Periodbyentering the requisitedetails in the transactionslipandsubmitting thesamealongwith thepayment instrument (wherever applicable) at the Designated Investor Service Centre. ThetransactionslipisattachedatthebottomoftheAccountStatementorcanalsobeobtainedfromanyoftheDesignatedInvestorServiceCentres.Alternatively,theinvestorcanquotehisexistingfolionumberanduseanaccountopeningformtomakeadditionalpurchasesunderthesameplan/optionintheScheme.Unitholders may switch their repurchase able holdings (which are not under any lien) in thisscheme toanyothereligibleRMFSchemeandviceversa.The transferwouldbedoneat theapplicableNAVbasedprices.Thedifference in theapplicablenetasset valuesof the twoschemes /plans /optionswill bereflectedinthenumberofUnitsallotted.As per the directives issued by SEBI, it ismandatory for an investor to declare his/her bankaccount number in the application form.Thisistosafeguardtheinterestofunitholdersfromlossortheftoftheirredemptioncheques/DDs.InvestorsarerequestedtoprovidetheirbankdetailsintheApplicationFormfailingwhichthesamewillberejectedaspercurrentRegulations.TheprocessanddocumentationrequirementforBankMandateUpdation/ChangeindetailsofBankAccountforallindividualinvestors(eithersingly/jointly)has beenprovided inSAI.Thedocuments should be complete in all respects to the satisfactionofRMF,failingwhichRMFmay,at itssolediscretion,reject thechangeofbankmandaterequestandpaytheredemptionproceedsintheexistingbankaccountregisteredwithRMF,eitherthroughdirect credit to such existing bank account or through a physical redemptionwarrant.RMF shallnotberesponsibleforanydirect,indirect,special,incidental,consequential,punitiveorexemplarydamages, of whatsoever nature and by whatsoever name called, arising out of any such action.

RMFshallendeavortoprocesstherequestforchangeofBankMandateandthereafterredeemthespecifiedunits,within10workingdays,fromthedateofreceiptofrequest.RMFsendeavortodispatchtheredemptionproceedswithin3-4workingdaysofreceiptofvalidredemptionrequest,shallnotbeapplicableincaseredemptionrequestisaccompaniedbyChangeofBankMandaterequest.RNAMreservestherighttochangetheproceduresinrespectofsubscriptionsorInter-SchemeSwitchesorInter-Plan/optionSwitches,fromtimetotime.PleasereferSAIforfurtherdetails.

Listing TheSchemewillofferforSubscription/Switch-inandRedemption/Switch-outofUnitswithoutanyloadonSpecifiedTransactionPeriodTheunitscanbepurchasedfromtheAMConlyduringtheSpecifiedTransactionPeriodofthescheme.TheapplicationsforSale/SwitchinandRedemption/SwitchoutrequestswillbeacceptedduringnormalbusinesshoursonthefirstdayoftheSpecifiedTransactionPeriodandupto3.00p.m.ontheseconddayof theSpecifiedTransactionPeriod.No redemption/repurchaseofunitsshallbeallowedwith theFundexceptduring theSpecifiedTransaction Period. If units are held in dematerialized form, investors can buy/sell units on acontinuousbasisonthestockexchanges(s)onwhichtheunitsarelistedandcanbepurchased/sold during the trading hours like any other publicly traded stock, except during the temporary suspension period, if any.Moreover,noredemption/switchoutwillbeallowedduringtheseconddayoftheSTPforpurchase/switchinsmadeduringthefirstdayoftheSTP.AsperSEBIRegulations,theMutualFundshalldespatchRedemptionproceedswithin10WorkingDaysofreceivingavalidRedemptionrequest.IncasetheRedemptionproceedsarenotmadewithin10WorkingDaysofthedateofreceiptofavalidRedemptionrequest,interestwillbepaid@15%perannumfromthe11thdayonwardsorsuchotherrateasmaybeprescribedbySEBIfromtimetotime,TheAMCshallhavetheflexibilityto change/ alter the “SpecifiedTransaction Period” depending upon the prevailing themarketconditions and in the interest of the unit holders.

Dematerialization TheUnit holdersaregivenanOption tohold theunitsbywayofanAccountStatementor inDematerialized(‘Demat’)form.Unitholdersoptingtoholdtheunitsindematformmustprovidetheir DematAccount details in the specified section of the application form. The Unit holderintendingtoholdtheunitsinDematformarerequiredtohaveabeneficiaryaccountwiththeDP(registeredwithNSDL/CDSLasmaybeindicatedbytheFundatthetimeoflaunchofthePlan)andwillberequiredtoindicateintheapplicationtheDP’sname,DPIDNumberandthebeneficiaryaccountnumberoftheapplicantwiththeDP.IncaseUnitholdersdonotprovidetheirDematAccountdetails,anAccountStatementshallbesenttothem.Suchinvestorswillnotbeable to trade on the stock exchange till the holdings are converted in to demat form.Unitholdersmaypleasenotethatrequest forconversionofunitsheld innon-dematformintoelectronic / demat form can be submitted to their Depository Participants. These units onceconverted into demat /electronic mode will then be eligible for trading on the BSE or otherrecognisedstockexchangesinIndia,asdecidedbytheAMCfromtimetotime.

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Liquidity TheunitscanbepurchasedfromtheAMConlyduringtheNewFundOffer(NFO)andsubsequentlyduringtheSpecifiedTransactionPeriodofthescheme.TheapplicationsforSale/SwitchinandRedemption/Switch out requests will be accepted during normal business hours on the firstdayoftheSpecifiedTransactionPeriodandupto3.00p.m.ontheseconddayoftheSpecifiedTransactionPeriod.Noredemption/repurchaseofunitsshallbeallowedwith theFundexceptduring theSpecifiedTransaction Period. However, for units are held in dematerialized form investors can buy/sellunitsonacontinuousbasisonthestockexchanges(s)onwhichtheunitsarelistedandcanbepurchased/soldduringthetradinghourslikeanyotherpubliclytradedstock,exceptduringthetemporary suspension period, if any.Moreover,noredemption/switchoutwillbeallowedduringtheseconddayoftheSTPforpurchaseswitchinsmadeduringthefirstdayoftheSTP.

Accounting of Units on Flexible/ First In First Out (FIFO) Basis

Shouldaunitholder,whoholdsUnitsallottedduringtheInitialOfferoronanongoingbasis,buymoreUnitssubsequentlyandlateroptforredemption,theunitholdershallneedtoadvisetheFundastowhichofhisunitsheintendedtoredeem.Intheabsenceofanysuchadvice,itshallberedeemedonafirstin-firstoutbasis,i.e.theUnitsallottedfirstshallberedeemedfirst.

Fractional Units Allotmentofunitsagainstsubsequentpurchases/redemptionofUnitsonanongoingbasisshallbe done in fractional units, rounded off upto three decimal places.

Transfer, Transmission, nomination,Lien,Pledge,Durationof the Scheme and Mode of Holding

Available.PleasereferSAIfordetails.

Third party Cheques Third party Cheques Investment/subscription made through third party cheque(s) will not beacceptedfor investmentsintheunitsofRelianceMutualFundbarringfewexceptionissuedbyAMFIfromtimetotimeforthe‘thirdpartypayments’.FormoredetailsrefertoSAI.

Multiple Bank accounts The unit holder/ investor can registermultiple bank account details under its existing folio bysubmittingseparateformavailableonthewebsiteof theAMCatwww.reliancemutual.com.FormoredetailsrefertoSAI

Know Your Client (KYC) Norms KnowYourClient(KYC)NormsWitheffect from1stJanuary2011,KYC(KnowYourCustomer)normsaremandatory for investors formaking investments inMutualFunds, irrespectiveof theamountof investmentFurther, inordertoreducehardshipandhelpinvestorsdealingwithSEBIintermediaries, SEBI issued three circulars - MIRSD/SE/Cir-21/2011 dated October 05, 2011,MIRSD/Cir-23/2011datedDecember02,2011andMIRSD/Cir-26/2011datedDecember23,2011informingSEBIregisteredintermediariesasmentionedthereintofollow,witheffectfromJanuary01,2012,auniformKYCcomplianceprocedureforalltheinvestorsdealingwiththemonorafterthatdate.SEBIalsoissuedKYCRegistrationAgency(“KRA”)Regulations2011andtheguidelinesinpursuanceofthesaidRegulationsandforIn-PersonVerification(“IPV”).SEBIhasissuedcircularno.CIR/MIRSD/66/2016datedJuly21,2016andno.CIR/MIRSD/120/2016datedNov.10,foruniformandsmoothimplementationofCKYCnormsforonboardingofnewinvestorsinMutulfundswitheffectfrom1stFeb2017.FormoredetailsrefertoSAI.

c. PeriODicDiScLOSUreS

Net Asset ValueThis is the value per unit of the scheme on a particular day. Youcanascertainthevalueofyour investments by multiplying theNAVwithyourunitbalance.

TheAMCwillcalculateanddisclose thefirstNAVsof theschemenot later than5businessdaysofallotment.NAVswillbecalculateduptofourdecimalplaces.TheMutualFundshalldeclaretheNetassetvalueoftheschemeoneverybusinessdayonAMFI’swebsitewww.amfiindia.comby9.00p.m.onthedayofdeclarationoftheNAVandalsoontheirwebsite.Incaseofanydelay,thereasonsforsuchdelaywouldbeexplainedtoAMFIandSEBIbythenextday.IftheNAVsarenotavailablebeforecommencementofbusinesshoursonthefollowingdayduetoanyreason,MutualFundshallissueapress releaseprovidingreasonsandexplainingwhen theMutualFundwouldbeable topublish theNAVs.TheNAVshallbepublishedatleastintwodailynewspaperseveryday.SincetheSchemeisproposedtobelistedonBSEand/oranyotherrecognizedStockExchange,thelistedpricewouldbeapplicableontherespectiveStockExchange.

half yearly Disclosures:Portfolio/Financialresults This is a list of securities where the corpus of the scheme is currently invested. The market value of these investments is also stated in portfolio disclosures.

(i) halfYearlydisclosureofUn-auditedFinancialsfortheSchemesofrMF: Beforeexpiryofonemonthfromthecloseofeachhalfyeari.e.onMarch31orSeptember30,

theFundshallhostasoftcopyofhalf–yearlyunauditedfinancialresultsonthewebsiteoftheRMFi.e.www.reliancemutual.comandthatofAMFIwww.amfiindia.com.Anoticeadvertisementcommunicating the investors that the financial results shall be hosted on thewebsite shall bepublished inonenationalEnglishdaily newspaperand inanewspaper in the languageof theregionwheretheHeadOfficeofthefundissituated.

(ii) halfYearlydisclosureofScheme’sPortfolio: Beforeexpiryofonemonthfromthecloseofeachhalfyeari.e.onMarch31orSeptember30,

theFundwilleitherpublishthescheme’sportfoliodetailsinthenewspapersorsendittotheunitholdersintheformatasprescribedbySEBI(MutualFunds)Regulations,1996.ThesamewillalsobehostedonthewebsiteofRMFi.e.www.reliancemutual.com.andthatofAMFIwww.amfiindia.com.ThepublicationofsuchstatementshallbeinonenationalEnglishdailynewspaperandinanewspaperinthelanguageoftheregionwheretheHeadOfficeofthefundissituated.

Half Yearly Results

39

Monthly Disclosure of Schemes’ PortfolioStatement

Thefundshalldisclosethescheme’sportfoliointheprescribedformatasonthelastdayofthemonthforalltheSchemesofRMFonorbeforethetenthdayofthesucceedingmonthorwithinsuchtimelinesasprescribedbySEBIfromtimetotime.

Annual Report SchemewiseAnnualReportoranabridgedsummarythereofshallbemailedtoallunitholderswithinfour months from the date of closure of the relevant accounts year i..e. 31st March each year.InaccordancewithSEBICircularNo.IMD/DF/16/2011datedSeptember8,2011,pertainingtomailingofannualreportand/orabridgedsummarythereof,thesameshallbesentbyRNAM/RMFasunder:(i) bye-mailonlytotheUnitholderswhosee-mailaddressisavailablewithus,(ii) inphysicalformtotheUnitholderswhoseemailaddressisnotavailablewithusand/ortothose

Unitholderswhohaveopted/requestedusforthesame.The physical copy of the schemewise annual report or abridged summary shall be made available to the investorsattheregisteredofficeofRNAM.Alinkoftheschemeannualreportorabridgedsummaryshallbe displayed prominently on the website of RNAM i.e at www.reliancemutual.com

Associate Transactions PleaserefertoStatementofAdditionalInformation(SAI).Taxation The information is provided for general information only. However, in view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authoriseddealers with respect to the specific amount of tax andother implications arising out of his or her participation in the schemes.

Taxation of income earned on mutual fund units under the Income Tax Act 1961 as amended by The Finance Act, 2017.Other than Equity Oriented Funds 1 - From April 1, 2017 to March 31, 2018Income in the hands of→ individual&hUF Otherthanindividual&

HUF NRInatureofincome↓Dividend Tax free Tax free Tax freeDividendDistributionTaxon Grossed up value of DividendInMoneymarketandLiquidschemes2

25% basic tax +surcharge + education cess(asapplicable4)

30% basic tax + surcharge + education cess (asapplicable4)


InOtherschemes 25% basic tax +surcharge + education cess(asapplicable4)

30% basic tax + surcharge + education cess (asapplicable4)


Capital Gain From April 1, 2017 to March 31, 2018LongTermCapitalGain3

20%withindexation+Surcharge+Educationcess(asapplicable4)

20% with indexation +Surcharge + Educationcess(asapplicable4)

In case of Listed Mutual Fund Units20% with indexation+ Surcharge +Education cess (asapplicable 4)In case of Non-Listed Mutual Fund Units “10% withoutindexation+Surcharge+ Education cess (asapplicable 4)

ShortTermCapitalGain3

Will be taxed atthe normal rates depending upon the slab of each individual+Surcharge+ Education cess (asapplicable 4)

30% + Surcharge +Education cess (asapplicable 4)

Will be taxed atthe normal rates depending upon the slab of each individual+Surcharge+ Education cess (asapplicable 4)

Securities Transaction TaxSecuritiesTransactionTax(STT)

Nil Nil Nil

Notes1. equityorientedfundshasbeendefinedundersections10(38)oftheIndianIncomeTaxAct1961

as under: “equityorientedfund”meansafund— (i) wheretheinvestiblefundsareinvestedbywayofequitysharesindomesticcompaniestothe

extentofmorethansixty-fivepercentofthetotalproceedsofsuchfund;and (ii) whichhasbeensetupunderaschemeofaMutualFundspecifiedunderclause(23D): Providedthatthepercentageofequityshareholdingofthefundshallbecomputedwithreference

totheannualaverageofthemonthlyaveragesoftheopeningandclosingfigures;”Other than equity oriented fund shall be construed accordingly.2. Theexpression“moneymarketmutualfund”hasbeendefinedunderExplanation(d)toSection

115T of the Act, which means a scheme of a mutual fund which has been set up with the objective ofinvestingexclusivelyinmoneymarketinstrumentsasdefinedinsub-clause(p)ofclause(2)oftheSecuritiesandExchangeBoardofIndia(MutualFunds)Regulations,1996.

40

Theexpression”liquidfund”hasbeendefinedunderExplanation(e)toSection115Twhichmeansa schemeor planof amutual fundwhich is classifiedby theSecurities andExchangeBoardof Indiaasa liquid fund inaccordancewith theguidelines issuedby it in thisbehalfunder theSecuritiesandExchangeBoardofIndiaAct,1992orregulationsmadethereunder.

3. TheFinanceAct,2012provides for taxon long-termcapitalgains incaseofnon-residents@10% on transfer of capital assets, being unlisted securities, computed without giving effect to first & second proviso to section 48 i.e. without taking benefit of foreign currency fluctuationandindexationbenefit.ListedSecuritiesmeansecuritiesdefinedinclause(h)ofsection2oftheSecuritiesContracts(Regulation)Act,1956(32of1956)andwhicharelistedonanyrecognisedstockexchangeinIndia.

Further,Finance(No.2)Act2014amendsthedefinitionofshorttermcapitalassetsforaunitofMutualfund(otherthanequityorientedfund).Accordinglyshorttermcapitalgainwillbetaxableifassetsareheldforlessthan36monthsandLongtermCapitalGainwouldmeangainotherthanShortTermCapitalGain.TheamendmentiseffectivefromJuly11,2014.

4. SurchargeapplicableforFY2017-18:

Assessee

If income below

Rs. 0.50 crore

If income exceeds Rs. 0.50 crore

but less than Rs. 1 crores

If income exceeds Rs. 1 crore but

less than Rs. 10 crores

If income exceeds

Rs.10 crores

Surcharge Surcharge Surcharge Surcharge

Individual(includingproprietorships),Hindu Undivided Family (HUF),Association of Persons (AOP) andBodyofIndividual(BOI)

NIL 10% 15% 15%

Co-operativeSociety,LocalAuthorityand Partnership Firms (includingLLPs)

NIL NIL 12% 12%

IndianCorporates Nil NIL 7% 12%

ForeignCompanies Nil NIL 2% 5%

5. The tax rates will be increased by surcharge, education cess and secondary and higher secondary education cess as applicable.

6. NonListedsecuritiesmeansecuritiesotherthanListedSecurities.7. RelianceMutualFundisregisteredwithSEBIandassuchiseligibleforbenefitsunderSection10

(23D)oftheIncomeTaxAct1961.Accordinglyitsentireincomeisexemptfromtax.8. AsperprovisionsofSection206AAof theAct, if there isdefaulton thepartofanon-resident

investor(entitledtoreceiveredemptionproceedsfromtheMutualFundonwhichtaxisdeductibleunderChapterXVIIoftheAct)toprovideitsPermanentAccountNumber(‘PAN’),thetaxshallbedeductedathigherofthefollowingrates:i)ratesspecifiedinrelevantprovisionsoftheAct;orii)rateorratesinforce;oriii)rateof20%.

ForfurtherdetailsonTaxationpleaserefertotheClauseonTaxationintheSAI.Investor services Mr. Bhalchandra Joshi is the InvestorRelationsOfficer for theFund.All relatedqueriesshouldbe

addressed to him at the following address:Mr. Bhalchandra Joshi, Head – Service Delivery and Operations ExcellenceRelianceNipponLifeAssetManagementLimited(formerlyRelianceCapitalAssetManagementLimited)RelianceCentre,OffWesternExpressHighway,Santacruz(East),Mumbai-400055.TelNo.-022-33031000;FaxNo.-022-33037662Email:[email protected]

D. cOMPUTaTiOnOFnaV

TheNetAssetValue (NAV)of theUnitswillbedetermineddailyorasprescribedby theRegulations.TheNAVshallbecalculated inaccordancewiththefollowingformula,orsuchotherformulaasmaybeprescribedbySEBIfromtimetotime.

NAV=

Market/FairValueofScheme’sInvestments+Receivables+AccruedIncome+OtherAssets-AccruedExpenses-Payables-OtherLiabilities

NumberofUnitsOutstanding

NAVwillbecomputeduptofourdecimalplaces.

41

iV-FeeSanDeXPenSeS

This section outlines the expenses that will be charged to the scheme. a. newFUnDOFFer(nFO)eXPenSeS TheNewFundOfferexpensesoftheschemeshallbebornebytheAMCfromretainedearnings.

B. annUaLScheMerecUrringeXPenSeS

Expense Ratio :Theseare the feesandexpenses foroperating thescheme.Theseexpenses include InvestmentManagementandAdvisoryFeechargedbytheAMCandotherexpensesasgiveninthetablebelow:

TheAMChasestimatedthatfollowing%ofthedailynetassetsoftheschemewillbechargedtotheschemeasexpenses.Fortheactualcurrent expenses being charged, the investor should refer to the website of the mutual fund.

ParticularsForgrowthPlan/DividendPlan

% of Net AssetsInvestmentManagementandAdvisoryFees

Upto2.25%

Trustee fee Audit fees

CustodianfeesRTAFeesMarketing&Sellingexpenseincl.agentcommissionCostrelatedtoinvestorcommunicationsCostoffundtransferfromlocationtolocationCostofprovidingaccountstatementsanddividendredemptionchequesandwarrantsCostsofstatutoryAdvertisementsCosttowardsinvestoreducation&awareness(atleast2bps)Brokerage&transactioncostoverandabove12bpsand5bpsforcashandderivativemarkettradesresp.ServicetaxonexpensesotherthaninvestmentandadvisoryfeesServicetaxonbrokerageandtransactioncostOtherExpenses#Maximum total expense ratio (TER) permissible under Regulation 52 (6) (c) (i) and (6) (a) Upto 2.25%Additionalexpensesunderregulation52(6A)(c)# Upto 0.20%Additionalexpensesforgrossnewinflowsfromspecifiedcities Upto 0.30%

(#ExpensesincludinglistingexpenseschargedunderthesaidparametersshallbeinlinewiththeRegulation52ofSEBI(MF)RegulationsorsuchotherbasisasspecifiedbySEBIfromtimetotime.)

Illustration – Impact of Expense Ratio on the ReturnsValue of Rs 1 lac on 12% annual returns in 1 year, considering 1% Expense Ratio

AmountInvested 100,000.00

NAVatthetimeofInvestment 10.00

NoofUnits 10,000.00

GrossNAVatendof1year(assuming12%annualreturn) 11.20

Expenses(assuming1%ExpenseRatioonaverageofopeningandclosingNAV) 0.11

ActualNAVatendof1yearpostexpenses(assumingExpenseRatioasabove) 11.09

ValueofInvestmentatendof1year(BeforeExpenses) 112,000.00

ValueofInvestmentatendof1year(AfterExpenses) 110,940.00

note:Pleasenotethattheaboveisanapproximateillustrationoftheimpactofexpenseratioonthereturns,wheretheGrossNAVhasbeensimply reduced to theextentof theexpenses. In reality, theactual impactwouldvarydependingon thepathof returnsover theperiodofconsideration.Expenseswillbechargedondailynetassets.

TheseestimateshavebeenmadeingoodfaithaspertheinformationavailabletotheInvestmentManagerbasedonpastexperiencebutthetotalexpensesshallnotexceedthelimitspermittedbySEBI.TypesofexpenseschargedshallbeaspertheSEBI(MF)Regulations.The purpose of the above table is to assist the investor in understanding the various costs and expenses that an investor in the scheme will bear directly or indirectly.

Mutualfunds/AMCsmaychargeservicetaxoninvestmentandadvisoryfeestotheschemeinadditiontothemaximumlimitasprescribedinregulation52oftheSEBIRegulations.

Servicetaxonotherthaninvestmentandadvisoryfees,ifany,shallbebornebytheschemewithinthemaximumlimitasperregulation52oftheSEBIRegulations.

MutualFunds/AMCswillannuallysetapartatleast2basispointsondailynetassetswithinthemaximumlimitasperregulation52ofthe

42

SEBIRegulationsforinvestoreducationandawarenessinitiatives. Servicetaxonbrokerageandtransactioncostpaidforexecutionoftrade,ifany,shallbewithinthelimitprescribedunderregulation52of

theSEBIRegulations. Atleast10%oftheTERischargedtowardscommission/distributionexpenseunderGrowthPlanandDividendPlan.TheTERofthe

“DirectPlan-GrowthPlan”and“DirectPlan-DividendPlan”willbeloweredtotheextentofatleast10%(asmentionedabove)ofabovementioneddistribution/commisssionexpensewhichischargedinGrowthPlanandDividendPlan.

Itmaybepleasebenotedthatthesaid%isonlyforthecurrentintervalanditmayvaryforthesubsequentintervals.ThereforetheTERdetails for the every interval shall be published by the RNAM by way of an addendum when the intended portfolio is published.

However,no InvestmentManagement feeswouldbechargedonRNAM’s investment in theScheme.TheTrusteeCompany,[email protected]%oftheUnitCapitalofalltheSchemesofRMFon1stAprileachyearorasumofRs.5,00,000/-whicheverislowerorsuchothersumasmaybeagreedfromtimetotimeinaccordancewiththeSEBIRegulationsoranyotherauthority,from time to time.

The total expenses of the scheme including the investment management and advisory fee shall not exceed the limits stated in Regulation 52(6)whichareasfollows:

(i) OnthefirstRs.100croreofthedailynetassets2.25%; (ii) OnthenextRs.300croreofthedailynetassets2.00%; (iii) OnthenextRs.300croreofthedailynetassets1.75%; (iv) Onthebalanceoftheassets1.50%;

“TheaboveexpensesarefungiblewithintheoverallmaximumlimitprescribedunderSEBI(MutualFunds)Regulations,whichmeanstherewillbenointernalsub-limitsonexpensesandAMCisfreetoallocatethemwithintheoverallTER“.

Inaddition to the limitsspecified in regulation52(6), the followingcostsorexpensesmaybecharged to theschemeaspernewsubregulation6A,namely-

(a) BrokerageandTransactioncostsincurredfortheexecutionoftradesmaybecapitalizedtotheextentof0.12percentofthevalueoftrades in case of cash market transactions and 0.05 per cent of the value of trades in case of derivatives transactions. Any payment towardsbrokerageandtransactioncostsincurredfortheexecutionoftrades,overandabovethesaid0.12percentand0.05percentfor cash market transactions and derivatives transactions respectively may be charged to the scheme within the maximum limit of Total ExpenseRatio(TER)asprescribedunderRegulation52oftheSEBI(MutualFunds)Regulations,1996.Anyexpenditureinexcessofthesaidprescribedlimit(includingbrokerageandtransactioncosts,ifany)shallbebornebytheAMCorbytheTrusteeorSponsors.;

(b) expensesnotexceedingof0.30percentofdailynetassets,ifthenewinflowsfromsuchcitiesasspecifiedbytheBoardfromtimetotime are at least -

(i)30percentofgrossnewinflowsinthescheme,or;

(ii)15percentoftheaverageassetsundermanagement(yeartodate)ofthescheme,whicheverishigher:

Providedthatifinflowsfromsuchcitiesislessthanthehigherofsub-clause(i)orsub-clause(ii),suchexpensesondailynetassetsof the scheme shall be charged on proportionate basis:

Providedfurtherthatexpenseschargedunderthisclauseshallbeutilizedfordistributionexpensesincurredforbringinginflowsfromsuch cities.

Providedfurtherthatamountincurredasexpenseonaccountofinflowsfromsuchcitiesshallbecreditedbacktotheschemeincasethesaidinflowsareredeemedwithinaperiodofoneyearfromthedateofinvestment;

(c) additionalexpenses,incurredtowardsdifferentheadsmentionedundersub-regulations(2)and(4),notexceeding0.20percentofdailynetassetsofthescheme.”.

TheFundwillstrivetoreducetheleveloftheseexpensessoastokeepthemwellwithinthemaximumlimitsallowedbySEBI.

ExpensesonanongoingbasiswillnotexceedthefollowingpercentageofthedailynetassetsorsuchmaximumlimitsasmaybespecifiedbySEBIRegulationsfromtimetotime.

TherecurringexpensesincurredinexcessofthelimitsspecifiedbySEBI(MF)RegulationswillbebornebytheAMCorbytheTrusteeortheSponsor.

C. LOAD STRUCTURE Loadisanamountwhichispaidbytheinvestortosubscribetotheunitsortoredeemtheunitsfromthescheme.Thisamountisused

bytheAMCtopaycommissionstothedistributorandtotakecareofothermarketingandsellingexpenses.Forthecurrentapplicablestructure,pleaserefertothewebsiteoftheAMCwww.reliancemutual.comormaycallat30301111orontollfreeno.180030011111oryour distributor.

Applicable Load Structure

1. entryLoad&exitLoad:

Entry Load Exit LoadNot Applicable 1. DuringSpecifiedTransactionPeriod:Nil

2. OtherthanSpecifiedTransactionPeriod:NotApplicable The Units under the scheme cannot be directly redeemedwith the Fund as the units will be listed on the Stock

Exchange(s).TheseunitscanbesoldonacontinuousbasisontheStockExchange(s)wheretheunitsarelistedduringthetradinghoursonalltradingdays.TheAMCreservestherighttochange/alterthe“SpecifiedTransactionPeriod”and/or“LoadStructure”dependingupontheprevailingthemarketconditionsandintheinterestoftheunitholders.

43

TheAMCreservestherighttochange/alterthe“SpecifiedTransactionPeriod”and/or“LoadStructure”dependingupontheprevailingthemarket conditions and in the interest of the unit holders.

3. InterschemeSwitch-AllowedonlyduringtheSpecifiedTransactionPeriodattheapplicableloadintherespectiveSchemes. 4. InterPlan/InterOptionSwitch-AllowedonlyduringtheSpecifiedTransactionPeriod.

Entry Load – Not Applicable InaccordancewiththerequirementsspecifiedbytheSEBIcircularSEBI/IMD/CIRNo.4/168230/09datedJune30,2009noentryloadwill

bechargedforpurchase/additionalpurchase/switch-inacceptedbyRMFwitheffectfromAugust01,2009.Theupfrontcommissiononinvestmentmadebytheinvestor,ifany,willbepaidtotheARNHolder(AMFIregisteredDistributor)directlybytheinvestor,basedontheinvestor’sassessmentofvariousfactorsincludingservicerenderedbytheARNHolder.

Exit Load - NIL PursuanttoSEBIcircularNo.SEBI/IMD/CIRNo.14/120784/08datedMarch18,2008,witheffectfromApril1,2008,noentryloadorexit

load shall be charged in respect of bonus units and of units allotted on reinvestment of dividend. Exitloadifcharged,byRMFtotheunitholdersshallbecreditedtotheschemeimmediatelynetofservicetax,ifany. Theinvestorisrequestedtochecktheprevailingloadstructureoftheschemebeforeinvesting.ForanychangeinloadstructureRNAMwill

issueanaddendumanddisplayitonourwebsitewww.reliancemutual.comorInvestorServiceCentres. Theinvestorisrequestedtochecktheprevailingloadstructureoftheschemebeforeinvesting. ForanychangeinloadstructureRNAMwillissueanaddendumanddisplayitonthewebsite/InvestorServiceCentres.D. waiVerOFLOaDFOrDirecTaPPLicaTiOnS PursuanttoSEBIcircularNo.SEBI/IMD/CIRNo.4/168230/09datedJune30,2009,noentryloadshallbechargedforallthemutualfund

schemes. Therefore the procedure for the waiver of load for direct application is no longer applicable.e. TranSacTiOnchargeS:

InaccordancewithSEBICircularNo.IMD/DF/13/2011datedAugust22,2011,witheffectfromNovember1,2011,RNAM/RMFshalldeductaTransactionChargeonperpurchase/subscriptionofRs.10,000/-andabove,asmaybereceivedfromnewinvestors(aninvestorwhoinvestsforthefirsttimeinanymutualfundschemes)andexistinginvestors.Thedistributorsshallhaveanoptiontoeither“Opt-in/Opt-out”fromlevyingtransactionchargebasedonthetypeofproduct.Therefore,the“Opt-in/Opt-out”statusshallbeatdistributorlevel,basistheproductselectedbythedistributorattheMutualFundindustrylevel.Suchchargesshallbedeductediftheinvestmentsarebeingmadethroughthedistributor/agentandthatdistributor/agenthasoptedtoreceivethetransactionchargesasmentionedbelow:

• Forthenewinvestoratransactionchargeofrs150/-shallbeleviedforperpurchase/subscriptionofrs10,000andabove;and

• Fortheexistinginvestoratransactionchargeofrs100/-shallbeleviedforperpurchase/subscriptionofrs10,000andabove. Thetransactionchargeshallbedeductedfromthesubscriptionamountandpaid to thedistributor/agent,asthecasemaybeandthe

balance shall be invested. The statement of account shall clearly state that the net investment as gross subscription less transaction charge and give the number of units allotted against the net investment.

Transaction charges shall not be deducted if: (a) Theamountperpurchases/subscriptionsislessthanRs.10,000/-; (b) Thetransactionpertainstootherthanpurchases/subscriptionsrelatingtonewinflowssuchasSwitch/STP/DTP,etc. (c) Purchases/SubscriptionsmadedirectlywiththeFundthroughanymode(i.e.notthroughanydistributor/agent).

(d) SubscriptionmadethroughExchangePlatformirrespectiveofinvestmentamount.

44

V - RIGHTS OF UNITHOLDERS PleaserefertoSAIfordetails.

Vi-PenaLTieS,PenDingLiTigaTiOnOrPrOceeDingS,FinDingSOFinSPecTiOnSOrinVeSTigaTiOnSFOrwhichacTiOnMaYhaVeBeenTaKenOriSinThePrOceSSOFBeing

TAKEN BY ANY REGULATORY AUTHORITY

1. Alldisclosuresregardingpenaltiesandaction(s)takenagainstforeignSponsor(s)maybelimitedtothejurisdictionofthecountrywheretheprincipalactivities(intermsofincome/revenue)oftheSponsor(s)arecarriedoutorwheretheheadquartersoftheSponsor(s)issituated.Further,onlytop10monetarypenaltiesduringthelastthreeyearsshallbedisclosed.

Not applicable

2. Detailsofallmonetarypenaltiesimposedand/oractiontakenduringthelastthreeyearsorpendingwithanyfinancialregulatorybodyorgovernmentalauthority,againstSponsor(s)and/ortheAMCand/ortheBoardofTrustees/TrusteeCompany;forirregularitiesorforviolationsinthefinancialservicessector,orfordefaultswithrespecttoshareholdersordebentureholdersanddepositors,orforeconomicoffences,orforviolationofsecuritieslaw.Detailsofsettlement,ifany,arrivedatwiththeaforesaidauthoritiesduringthelastthreeyearsshall also be disclosed.

Duringlastthreeyears,therehavebeennomonetarypenaltiesimposedand/oractionbyanyfinancialregulatorybodyorgovernmentalauthority,againstSponsor(s),AMC,BoardofTrustees,TrusteeCompany;foranyirregularitiesorforviolationsinthefinancialservicessector, or for defaults with respect to share holders or debenture holders and depositors, or for economic offences, or for violation of securities law.However, in respect of the consent terms filed byRelianceNippon LifeAssetManagement Limited (RNAM) (formerlyRelianceCapitalAssetManagement Limited) –PortfolioManagementServices (RNAM-PMS)withSEBIwith respect to an inspectionreport,SEBIhasissuedasettlementorder(Orderno.CA/EFD/87/JAN/2016datedJanuary14,2016),intermsofwhichtheunderlyingproceedings have been disposed off.

3. DetailsofallenforcementactionstakenbySEBIinthelastthreeyearsand/orpendingwithSEBIfortheviolationofSEBIAct,1992andRulesandRegulationsframedthereunderincludingdebarmentand/orsuspensionand/orcancellationand/orimpositionofmonetarypenalty/adjudication/enquiryproceedings,ifany,towhichtheSponsor(s)and/ortheAMCand/ortheBoardofTrustees/TrusteeCompanyand/oranyofthedirectorsand/orkeypersonnel(especiallythefundmanagers)oftheAMCandTrusteeCompanywere/areaparty.Thedetails of the violation shall also be disclosed.

TherewerenoenforcementactionstakenbySEBIinthelastthreeyearsand/orpendingwithSEBIfortheviolationofSEBIAct,1992andRulesandRegulationsframedthereunderincludingdebarmentand/orsuspensionand/orcancellationand/orimpositionofmonetarypenalty/adjudication/enquiryproceedings,towhichtheSponsor(s)and/ortheAMCand/ortheBoardofTrustees/TrusteeCompanyand/oranyofthedirectorsand/orkeypersonnel(especiallythefundmanagers)oftheAMCandTrusteeCompanywere/areaparty.

4. AnypendingmaterialcivilorcriminallitigationincidentaltothebusinessoftheMutualFundtowhichtheSponsor(s)and/ortheAMCand/ortheBoardofTrustees/TrusteeCompanyand/oranyofthedirectorsand/orkeypersonnelareapartyshouldalsobedisclosedseparately.

IntermsoftheSEBI[MutualFund]Regulations,1996(asamendedfromtimetotime),themutualfundschemesarepermittedtoinvestinsecuritizeddebt.Accordingly,investmentsincertainPassThroughCertificates(“PTC’s”)ofasecuritizationtrust(“theTrust)weremadethroughsomeofschemesofRelianceMutualFund(“theFund”).ThereturnsfiledbyfewofthesesecuritisationTrustswhosePTCswereheldbytheFundweretakenupforscrutinybytheIncomeTaxAuthoritieswhichraiseddemandinitiallyontheTrusts.However,onfailuretorecover,theIncomeTaxAuthoritiessentthedemandnoticestotheFundforAssessmentYears2009-10and2010-11.TheFundinconsultationwithitstax&legaladvisorshascontestedtheapplicabilityofsuchdemandandproceedingsthereonarestillpending.Itmaybenotedthatthisisamatter,whichisnotrestrictedonlytotheFundbutisanIndustryissue.Accordingly,throughtheAssociationofMutualFundsinIndia(AMFI),thematterhasalsobeenappropriatelyescalatedtotheMinistryofFinance,inordertoseeknecessaryclarifications,reliefsandifrequired,tocarryoutnecessaryamendmentstotherelevantprovisionsoftheIncomeTaxAct,1961.InadditiontotheabovetheAMCispartytocertain litigations invariouscourts,commissionsetc.whichare inordinarycourseofbusiness&havenomaterialimpact.

5. AnydeficiencyinthesystemsandoperationsoftheSponsor(s)and/ortheAMCand/ortheBoardofTrustees/TrusteeCompanywhichSEBIhasspecificallyadvisedtobedisclosedintheSID,orwhichhasbeennotifiedbyanyotherregulatoryagency,shallbedisclosed.

TherewasnodeficiencyinthesystemsandoperationsoftheSponsor(s)and/ortheAMCand/ortheBoardofTrustees/TrusteeCompanywhichSEBIhasspecificallyadvisedtobedisclosedintheSID,orwhichhasbeennotifiedbyanyotherregulatoryagency.

Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.

ForandbehalfoftheBoardofDirectorsof Reliance Nippon Life Asset Management Limited

(formerly Reliance Capital Asset Management Limited) [AssetManagementCompanyforRelianceMutualFund]

Sd/-

Mumbai (SundeepSikka) June 28, 2017 chiefexecutiveOfficer

DESIGNATED INVESTOR SERVICE CENTRES RELIANCE NIPPON LIFE ASSET MANAGEMENT LIMITED (formerly RELIANCE CAPITAL ASSET MANAGEMENT LIMITED)

Agra: Block No. 50, Anupam Plaza, Opp FCI, Sanjay Place, Agra - 282002. Agartala: 2nd Floor, OM Niwas, Netaji Chowmuhani, Agartala, Tripura West, 799001 Ahmedabad: 4th Floor, Megha House, Mithakhali, Law Garden Road, Ellis Bridge, Ahmedabad - 380006. Ahmednagar: Office No 101, 1st Floor, Gajanan Apartment, Opposite Zopadi Canteen, Savedi Road, Ahmednagar - 414001. Ajmer: 2nd Floor, India Heights, India Motor Circle, Kutchery Road, Ajmer - 305001. Aligarh: 1st Floor, B - 101, Center Point Market, Samad Road, Aligarh - 202001. Allahabad: 2nd floor, House No. 31/59, Shiv Mahima Complex, Civil Lines, Allahabad - 211001. Alwar: Office No 137, 1st Floor, Jai Complex, Plot No. 1, Road No. 2, Alwar - 301001. Ambala: Shanti Complex, 4307/12, 2nd Floor, Opp. Civil Hospital Jagadhari Road, Ambala - 133001. Amravati: Vimaco Towers, C Wing 4,5,6, Amravati - 444601. Amritsar: SF-1, 4th Floor, 10, Eminent Mall, The Mall, Amritsar - 143001. Anand: 2nd Floor, 204, Maruti Sharnam, Anand Vidhyanagar Road, Anand - 388001. Asansol: 4th Floor, Chatterjee Plaza, 69 (101) G T Road, Rambandhu Tala, Asansol - 713303. Aurangabad: C-8,2nd floor,Aurangabad, Business center,Adalat Road,Aurangabad - 431001. Bangalore: NG-1 & 1A, Ground Floor, Manipal Centre, 47, Dickenson Road, Bangalore - 560042. Bardoli: 1st Floor, Office No 68,69,70, Mudit Palace, Station Road, Bardoli - 394601. Bareilly: 1st Floor, 54, Civil Lines, Ayub Khan Chauraha, Bareily - 243001. Belgaum: 1st Floor, Shree Krishna Towers, RPD Cross No 14, Khanapur Road, Tilakwadi, Belgaum - 560009. Bharuch: Bluechip, 1st Floor, Shevashram Road, Panch Batti, Bharuch - 392001. Bhatinda: Jindal Complex, 2nd Floor, G T Road, Bathinda - 151001. Bhavnagar: 3rd Floor, Corporate House, Plot No. 11B, Waghawadi Road, Bhavnagar - 364004. Bhilai: 2nd Floor, Priyadarshani Panisar, above dominos pizza, Nehru Nagar, Near Railway Crossing, Bhilai - 490020. Bhilwara: 1st Floor, B Block, Shop No 21, S K Plaza, Pur road, Bhilwara - 311001. Bhopal: 133, Kay Kay Business Center, 1st floor, Above Citibank, Zone 1 - MP Nagar, Bhopal - 462011. Bhubaneswar: 2nd Floor, Near Kalsi Petrol Pump, 5 - Janpath Karvil Nagar, Bhubaneshwar - 751001. Bhuj: 1st Floor, Office No 105, Krishna Chambers, “B”, Station Road, Above SBI, Bhuj - 370001. Bikaner: 1st Floor, Shop No 26 & 27, Silver Square, Rani Bazar, Bikaner - 334001. Bilaspur: 1st Floor, Krishna, Sonchhatra Compound, Shiv Talkies – Tarbahar Road, Near RNT Square, Bilaspur - 495004. Bokaro: GB-20, City Center, Sector - 4, Bokaro - 827004. Calicut: 6/1002M, 4th Floor, City Mall, Kannur Road (Opp Y.M.C.A), Calicut - 673001. Chandigarh: 1st Floor, SCO No. 449-450, Sector 35-C, Chandigarh - 160034. Chennai: 2nd Floor, No.50, N.B Road (North Boag Road), T. Nagar, Chennai - 600017. Chennai: Shop No. 3, Ground Floor, Anu Arcade, No. 1, 15th Cross Street, Shashtri Nagar, Adyar, Chennai - 600020. Chennai: No. 338/7, First Floor, New Sunshine Apartment, Second Avenue, Anna Nagar, Chennai - 600040. Cochin: 3rd Floor, Chicago Plaza, Rajaji Road, Ernakulam, Cochin - 682035. Coimbatore: Ahuja Towers, 2nd Floor, 42/15, T.V.Swamy Road (West), R.S. Puram, Coimbatore - 641002. Cuttack: 3rd Floor, City Mart, B.K.Road, Cuttack - 753001. Dadar: Ground Floor, Shop No 2, “Angelique”, Next to Bank of Maharashtra, Gokhale Road North, Dadar (West), Mumbai 400028. Dehradun: 2nd Floor, NCR Corporate Plaza, New Cantt Road, Dehradun - 248001. Dhanbad: 4th Floor, Shree Laxmi Complex, Bank Mode, Dhanbad - 826001. Dindigul: 2/2, 1st Floor, Surya Tower, Above ICICI Bank, Salai Road, Dindigul - 624001. Durgapur: Plot No 848, City Centre, Near Rose Valley Hotel, 2nd Floor, Durgapur - 713216. Faridabad: Reliance General Insurance, SCO 2nd Floor, Near HDFC Bank,Sector -16, Faridabad - 121002. Firozabad: 1st Floor, Plot No 9/1, Raniwala Market, Agra Road, Above UCO Bank, Firozabad - 283203. Gandhinagar: Office No 302, Meghmalhar, Sector 11, Ch Road, Gandhinagar - 382017. Ghaziabad: Reliance Life Insurance, J-3, 2nd Floor, Krishna Plaza, Raj Nagar, Ghaziabad - 201001. Gorakhpur: 4th Floor, Cross Road Mall, Bank Road, Gorakhpur - 273001. Guntur: Pranavam Plaza, Door No. 5-35-69, 4/9, Brodipet, Guntur - 522002. Gurgaon: Palm Court Building, 7th Floor, Sector 14, Gurgaon - 122001. Guwahati: 2E, 2nd Floor, Dihang Arcade, ABC, Rajiv Bhavan, G S Road, Guwahati - 781005. Gwalior: 3rd Floor, Alaknanda Tower, City Centre, Gwalior - 474002. Haldwani: 2nd Floor, Block B, Durga City Centre, Haldwani - 263139. Himmatnagar: Office No 1, Ground Floor, Rajkamal Chambers, Near LIC, Highway Road, Polo Ground, Vistar, Himmatnagar - 383001. Hissar: SCO - 187, 1st Floor, Red Square Market, Hissar - 125001 Howrah: Jai Mata Di Tower, 4th Floor, 21, Dobson Road, Howrah - 711101. Hubli: No. 6, Upper Ground Floor, Aalishan, Travellers Bungalow Road, Deshpande Nagar, Hubli - 580029. Hyderabad: Second Floor, Gowra Klassic, 1-11-252/6&7/A&B, behind Shoppers Stop, Begumpet - 500016. Ichalkaranji: 2nd Floor, Suyog Chambers, Ward No 16, H No 1545, Ichalkaranji – Kolhapur Main Road, Near Central Bus Stand, Ichalkaranji - 416115. Indore: 303 & 304, D M Towers, 21/1 Race Course Road, Near Janjirwala Square, Indore - 452001. Jabalpur: 1st Floor, Raj Leela Tower, 1276 Wight Town, Allahabad Bank, Jabalpur - 482001. Jaipur: 1st Floor, Ambition Tower, Above SBBJ Kohinoor Branch, D-46, Agrasen Circle, Subhash Marg, C Scheme, Jaipur - 302001. Jalandhar: 2nd Floor, Shanti Tower, SCO no.37, PUDA Complex, Opposite Tehsil Complex, Jalandhar - 144001. Jalgaon: Ground Floor, Shop No 3, Laxmi Plaza, Gujarathi Lane, Visanji Nagar, Jalgaon - 425001. Jammu: Banu Plaza, B-2, 206, South Block, Railway Head, Jammu - 180001. Jamnagar: Shop no. 2, 3, 4 & 5, Ground Floor, Shilp, Indira Nagar, Jamnagar - 361140. Jamshedpur: Office No. 310 ,3rd Floor, Yashkamal Complex, Bistupur , Jamshedpur - 831001. Janakpuri: Ground Floor, Shop No 31, B Block, Community Centre, Janakpuri - 110058. Jayanagar: 118/1, First Floor, Venkat Elegance, 6th C Main Road, 4th Block, Jayanagar, Bangalore - 560011. Jhansi: 1st Floor, DP Complex, Elite, Sipri Road, Jhansi - 284001. Jodhpur: Dhir Jhanka, 3rd Floor, IIIrd B Road, Sardarpura, Jodhpur - 342003. Junagarh: Shop No 10, Raiji Nagar, Shopping Complex, Opposite Moti Palace, Junagarh - 362001. Kalyan: Shop No 4, Gr Floor, Santoshi Mata road, Mahavir Complex, Kalyan (W) - 421301. Kalyani: 1st Floor, B-8/25 (CA), Nadia, Kalyani - 741235. Kangra: Ground Floor, Shop No 3018, War No 9, Above SBI, Kangra - 177103. Kanpur: 6th Floor, Office No-3, KAN Chambers,14/113, Civil Lines, Kanpur - 208001. Kharagpur: Atwal Real Estate, M S Towers, O T Road, INDA, Kharagpur - 721305. Kolhapur: 1st Floor, Office No 101,102, Haripriya Plaza, Rajaram Road, Rajarampuri, Kolhapur - 416001. Karnataka: Reliance Mutual Fund, NO.164/3/4, (Beside Sri Kannikaparameswari Co-Operative Bank), First Floor, 3rd Main Road, P J Extension, Davangere, Karnataka - 577002. Kolkata: Unit no. 10,11 & 12, 5th floor, FMC Fortuna, A J C Bose, Kolkata - 700020. Kolkata: 14B, 18, British Indian Street, GF Shop No. 14, Kolkata - 700001. Kolkata: B D 25, Salt Lake, Sector - 1, Kolkata - 700064. Kota: 1st Floor, Office No 1 & 2, Mehta Complex, Near Grain Mandi, 26, Jhalawar Road, Kota - 324007. Kottayam: Shop No. IV 278,1st Floor, Vetteel Estate, Kanjikuzhy, Kottayam - 686004. Lucknow: Ground Floor, Aslam Agha Complex, 5, Park Road, Thapper House, Hazaratganj, Lucknow - 226001. Ludhiana: 1st Floor, SCO 10-11, Feroze Gandhi Market, Ludhiana - 141001. Madurai: 1st Floor, Suriya Towers, 272, 273, Goods Shed Street, Madurai - 625001. Malleswaram: Door No.89 (Old no.36), Ground Floor, 3rd Cross, Sampige Road, Malleswaram, Banglore - 560003. Mangalore: UGI - 3 & 4, Upper Ground Floor, “Maximus Commercial Complex,” Light House Hill Road, Mangalore - 575001. Margao: Shop No. 3, Mira Building, Pajifond, Near Jain Mandir, Margao, Goa - 403601. Meerut: Ground Floor, G-14, Rama Plaza, Bachha Park, WK Road, Meerut - 250001. Mehsana: Reliance Mutual Fund, Jaydev Complex, 1st Floor, Near SBBJ Bank, Opposite P B Pump, Mehsana - 384002. Moradabad: Reliance Mutual fund, 8/8/49A, Near Raj Mahal Hotel, Civil lines, Moradabad, UP, Pin - 244001. Mumbai: Office No 304, Kshitij Building, 3rd Floor, Veera Desai Road, Opposite Andheri Sports Complex, Andheri (W), Mumbai - 400053. Mumbai: Office No 101, 1st Floor, Bhoomi Saraswathi, Ganjawala Lane Chamunda Circle, Borivali (W), Mumbai - 400092. Mumbai: Office No. 203 & 204, 2nd Floor, Rupa Plaza, Jawahar Road, New BMC Office, Ghatkopar (E), Mumbai - 400077. Mumbai: Mittal Chambers, 228, Ground Floor, Nariman Point, Mumbai - 400021. Muzaffarnagar: 1st Floor, 139, Sarvat Gate North, Ansari Road, Muzaffarnagar - 251002. Mysore: Shop No. 1, Ground Floor, Mahindra Arcade, Saraswathipuram, 2nd Main Road, Mysore - 570009. Nanded: Office No 10, 1st Floor, Sanman Prestige, Near Zilla Parishad, Nanded - 431601. Nagpur: Office No 101, 1st Floor, Ramdaspeth, behind SBI Bank, Thapar Inclave 2, Nagpur - 440010. Nashik: Office No 1, Bedmutha’s Navkar Height, New Pandit Colony, Sharanpur Road, Nashik - 422005. Navsari: Shop No 301, 3rd Floor, Landmark Mall, Sayaji Library, Navsari - 396445. New Delhi: 801 - 806, 810 - 812, 8th Floor, Prakashdeep Building, 7, Tolstoy Marg, New Delhi – 110001. Noida: Unit no. 101, 1st Floor, Chokhani Square, Plot No. P4, Sector -18, Noida - 201301. Panaji: 1st Floor, Block “D”, Office No F17, F18, F19 & F20, Alfran Plaza, Mahatma Gandhi Road, Panjim - 403001. Panipat: 1st Floor, Royal II, 1181, G T Road, Opposite Railway Road, Panipat - 132103. Pathankot: 2nd Floor, Choudhary Collections, SCO 11, Near ICICI Bank, Patel Chowk, Pathankot - 145001. Patiala: S.C.O. 44, Ist Floor, New Leela Bhawan Market, Patiala - 147001. Patna: C - 5, 1st Floor, Twin Tower Hathwa, South Gandhi Maidan, Patna - 800001, Bihar. Pune: 5th Floor, Guru Krupa, 1179/4, F.P. No. 554/4, Smruti, Modern College Road, Dnyaneshwar Paduka Chowk, Off FC Road, Pune - 411005. Raipur: Ground Floor, Raj Villa, Near Ghadi Chowk, Civil Lines, Raipur – 492001. Rajahmundry: Door No : 6-8-7, First Floor, Upstairs of HDFC Bank, T-Nagar, Nidamarthi Vari Veedhi, Rajahmundry - 533101. Rajasthan: Shop No 6, Gali No 4, Nagpal Colony, opposite Bihani petrol pump, Sri Ganganagar, Rajasthan – 335001. Rajkot: 2nd Floor, Plus Point, Opp Haribhai Hall, Dr. Yagnik Road, Rajkot - 360001. Ranchi: Office No. 317, 3rd Floor, “Panchwati Plaza”, Kutchery Road, Ranchi - 834001. Rohtak: 2nd Floor, Ashoka Plaza, Delhi Road, Rohtak - 124001. Rourkela: 1st Floor, Plot no-308/1428 Udit Nagar Chowk, Rourkela - 769012. Sagar: 1st Floor, 10 Civil Lines, Yadav Complex, Sagar - 470002. Saharanpur: 1st Floor, Mission market, court road, Saharanpur - 247001. Salem: 2nd Floor, Kandaswarna Mega Mall, Survey No. 186/2E, Alagapuram, Opp Saradha College, Fairlands, Salem - 636016. Sangli: Ground Floor, Office No G 4, Siddhivinayak Forum Opp. Zilla Parishad, Miraj Road, Sangli - 416416. Satara: Ground Floor, Sai Plaza, Near Powai Naka, Satara - 415001. Shillong: First Floor, Crescens Bldg, M G Road, Shillong - 793001. Shimla: Fourth Floor, Bella Vella, The Mall, Shimla - 171001. Siliguri: Gitanjali Complex, 1st Floor, Sevoke Road, Siliguri - 734001. Solapur: 1st Floor, Office No 6, City Pride, 162, CTS No 8397, Railway Lines, Solapur - 413002. Sreerampore: 2nd Floor, 35, N. S, Avenue, Srerampore, Hooghly - 712201. Surat: No.118, 1st Floor, Jolly Plaza, Opp. Athwagate Police Chowki, Athwagate Circle, Surat - 395001. Thane: Shop No 4, Ground Floor, Satyam Apartment, M G Road, Near Naupada Police Station, Thane - 400602. Thrissur: 4th floor, Pathayapura Building, Round South, Thrissur - 680001. Tinsukia: Albs Commercial Complex, 2nd Floor S R Lohia Road, above ICICI Bank, Tinsukia - 786125. Tirupati: 1st Floor, 20-1-200A, Maruthi Nagar, Korlagunta, Tirumala By Pass Road, Tirupati - 517501. Trichy: Ground Floor, Plot No. D-27, Door No. D-27, 7thCross (East), Thillainagar, Tiruchirappalli - 620018. Trivandrum: 1st flr, Uthradam, Panavila Junction, Trivandrum - 695001. Udaipur: 1st Floor, Ridhi Sidhi Complex, Madhuban, Udaipur - 313001. Ujjain: Office No 304, Shape Arcade, Kalidas Marg, 116, Freeganj, Ujjain - 456001. Vadodara: Office No 304, 3rd Floor, KP Infinity Complex, Opposite Inox, Race Course, Vadodara - 390007. Valsad: Office No 103, 1st Floor, Amar Chamber, Station Raod, Valsad - 396001. Vapi: 1st Floor, Royal Fortune, 102 b/b,102b/c, Daman Chala Road, Opp Upasna School, Vapi - 396191. Varanasi: unit no. 2, 1st floor, Arihant Complex, Sigra, Varanasi - 221010. Vasco: Shop No. S-1, Our Lady of Merces Building, Opp. K.T.C Bus Stand, Mundvel, Vasco Da Gama, Goa - 403802. Vashi: Shop no. 20, Ground floor, Devrata Building, Plot no. 83, Sector 17, Vashi, Navi Mumbai – 400705. Vijayawada: 3rd floor, Surya tower, Above Icon showroom, M G Road, Labbipet, Vijayawada - 520010. Visakhapatnam: First Floor, Somu Naidu Enclave, Dwaraka Nagar, 3rd Lane, Vishakhapatnam - 530016. Warangal: 2nd Floor, ABK Mall, 15 & 16, Ram Nagar, Hanamkonda, Warangal - 506002.

Agartala: Jagannath Bari Road, Bidur Karta Chowmuhani, Agartala - 799001. Agra: Deepak Wasan Plaza, Behind Holiday Inn, Opp Megdoot Furnitures, Sanjay Place, Agra - 282002 (U.P). Ahmedabad: 201, Shail Building, Opp : Madhusudhan House Nr. Navrangpura Telephone Exchange, Navrangpura, Ahmedabad - 380006. Ajmer: 1-2, II Floor Ajmer Tower, Kutchary Road Ajmer - 305001. Akola: Shop No-30, Ground Floor, Yamuna Tarang Complex, N.H. No. 06, Murtizapur Road, Akola - 444004. Aligarh: 1St Floor, Kumar Plaza, Aligarh - 202001. Allahabad: RSA Towers, 2nd Floor, Above Sony TV Showroom, 57, S P Marg, Civil Lines, Allahabad - 211001. Alleppy: 2nd Floor, JP Towers Near West Of zilla Court Bridge, Mullakkal, Alleppy - 688011. Alwar: 101, 1st Floor, Saurabh Towers, Opp. UTI, Road No # 2 Bhagat Singh Circle, Alwar - 301001. Amaravathi: Shop No. 13 & 27, First Floor Gulshan Plaza, Raj Peth, Badnera Road, Amaravathi - 444605. Ambala: 6349, Nicholson Road, Adjacent Kos Hospital, Ambala Cantt, Ambala - 133001. Amritsar: 72-A, Taylor’S Road, Aga Heritage, Gandhi Ground, Amritsar - 143001. Anand: F-6, Chitrangana Complex Opp: Motikaka Chawl, V V Nagar, Anand - 388001. Ananthapur: 15-149, 1st Floor, S. R. Towers, Opp: Lalithakala Parishat, Subash Road, Anantapur - 515001. Ankleshwar: L/2, Keval Shopping Center, Old National Highway, Ankleshwar - 393002. Asansol: 114 / 71, G. T. Road Near Sony Centre, Bhanga Pachil, Asansol - 713303. Aurangabad: Ramkunj, Railway Station Road, Near Osmanpura Circle, Aurangabad - 431005. Azamgarh: 1st Floor Alkal Building, Opp. Nagaripalika Civil LIne, Azamgarh - 276001. Balasore: M S Das Street, Gopalgaon, Balasore - 756001. Bangalore: No : 51/25, 1st Floor, Surya Building Ratna Avenue, Richmond Road, Bangalore - 560025. Bankura: Ambika Market, Natunganj Bankura - 722101. Bareilly: 1st Floor, 165, Civil Lines, Opp. Hotel Bareilly Palace, Near Rly Station Road, Bareilly - 243001. Berhampore (WB): Thakur Market Complex, 72, Naya Sarak Road, Gorabazar, PO. Berhampore DIST. Murshidabad, Baroda: SB - 4 & 5, Mangaldeep Complex, Opposite Mesonic Hall. Productivity Road, Alkapuri, Vadodara - 390007. Begusarai: Hotel Diamond Surbhi Complex, Near I.O.C Township Gate, Kapasiya Chowk, Begusarai - 851117. Belgaum: CTS No 3939/ A2 A1, Above Raymonds Show Room, Beside Harsha Appliances Club Road, Belgaum - 590001.Bellary: No.1 Khb Colony, Gandhinagar, Bellary - 583101. Berhampur (OR): Ramlingam Tank Road, Berhampur - 760002. Betul: 107, Hotel Utkarsh, Awasthi Complex, J H College Road, Civil Lines, Beetul - 460001. Bhagalpur: 2nd Floor, Chandralok Complex, Ghantaghar, Radha Rani Sinha Road, Bhagalpur - 812001. Bharuch: 147-148, Aditya Complex Near Kasak Circle Bharuch - 392002. Bhatinda: #2047- A, 2nd Floor, Above Max New York Life Insurance, The Mall Road, Bhatinda - 151001. Bhavnagar: Surabhi Mall 301, 3rd Floor, Waghawadi Road, Bhavnagar - 364001. Bhilai: Shop No-1, First Floor Plot NO-1, Old Sada Office Block Commercial Complex, Near HDFC Atm, Nehru Nagar- East. Bhilwara: 27-28, 1St Floor, Hira-Panna Complex Pur Road, Bhilwara - 311001. Bhopal: Kay Kay Busniss Centre 133, Zone I, M P Nagar, Bhopal - 462011. Bhubaneswar: Plot No - 104 / 105

KARVY COMPUTERSHARE PRIVATE LIMITED

(P), Jaydev Vihar, Besides Hotel Pal Heights, Bhubaneswar - 751013. Bikaner: 2Nd Floor, Plot No 70 & 71, Panchshati Circle, Sardul Gunj Scheme, Bikaner - 334003. Bilaspur: Shop No 201/202, V. R. Plaza, Link Road, Bilaspur - 495001. Bokaro: B-1, 1St Floor, Near Sona Chandi Jewellers, City Centre, Sector - 4, Bokaro Steel City - 827004. Burdwan: 63 G T Road, Birhata, Halder Complex, 1St Floor, Burdwan - 713101. Calicut: Sowbhagya Shoping Complex, Areyadathupalam Mavoor Road, Calicut - 673004. Chandigarh: Sco-371-372; First Floor; Above Hdfc Bank; Sector 35B Chandigarh - 160022. Chandrapur: Shop No.5, Office No.2, 1St Floor, Routs Raghuvanshi Complex, Beside Azad Garden, Main Road, Chandrapur - 442402. Chennai: Flat No F11, First Floor, Akshya Plaza, (Erstwhile Harris Road), Opp Chief City Metropolitan Court, 108, Adhithanar Salai, Egmore. Chinsura: JC Ghosh Sarani, Near Bus Stand, Chinsura - 712101. Cochin: Building Nos. 39, Ali Arcade,1st floor, Near Atlantis Junction, Kizhvana Road, Panampili Nagar, Cochin - 682036. Coimbatore: 1057/1058, Jaya Enclave, Avanashi Road, Coimbatore - 641018. Cuttack: Dargha Bazar, Opp. Dargha Bazar Police Station, Buxibazar, Cuttack - 753001. Darbhanga: Jaya Complex, 2nd Floor, above furniture planet, Donar chowk, Darbanga - 846003. Davangere: 15/9, Sobagu Complex, 1St Floor, 2Nd Main Road, P J Extension, Davangere - 577002. Dehradun: Kaulagarh Road, Near Sirmour Marg, Above Reliance Webworld, Dehradun - 248001. Deoria: 1St Floor, Shanti Niketan Opp. Zila Panchayat, Civil Lines, Deoria - 274001. Dewas: 27 Rmo House, Station Road, Dewas - 455001. Dhanbad: 208, New Market, 2Nd Floor, Katras Road, Bank More, Dhanbad - 826001. Dharwad: G7 & 8, Sri Banashankari Avenue Ramnagar, Opp Nttfpb Road, Dharward - 580001. Dhule: Ashoka Estate, Shop No. 14/A, Upper Ground Floor, Sakri Road, Opp. Santoshi Mata Mandir, Dhule - 424001. Dindigul: No.9, Old No. 4/B, New Agraharam, Palani Road, Dindigul - 624001. Durgapur: MWAV-16 Bengal Ambuja, 2nd Floor, City Centre, Durgapur - 713216. Eluru: D. NO: 23B - 5 - 93 / 1, Savithri Complex, Edaravari Street Near Dr. Prabhavathi Hospital, R. R. Pet, Eluru - 534002. Erode: No. 4, KMY Salai, Veerappan Traders Complex, Opp: Erode Bus Stand, Sathy Road, Erode - 638003. Faridabad: A-2B, 1st Floor, Nehru Ground, Neelam Bata Road, Nit, Faridabad - 121001. Ferozpur: 2nd Floor, Malwal Road, Opp. H.M. School, Ferozpur City -152002. Gandhidham: Office No. 203, Second Floor, Bhagwati Chamber, Plot No. 8 Sector - 1/A, Kutch Kala Road, Gandhidham - 370201. Gandhinagar: Plot No. 945/2, Sector - 7/C, Gandhinagar - 382007. Gaya: 1St Floor, Lal Bhawan, Tower Chowk, Near Kiran Cinema, Gaya - 823001. Ghaziabad: 1st Floor, C-7, Lohia Nagar, Ghaziabad - 201001. Ghazipur: Shubhra Hotel Complex, 2nd Floor, Mahaubagh, Ghazipur - 233001. Gonda: Shree Markit, Sahabgunj, Near Nuramal Mandir, Station Road, Gonda - 271001. Gorakhpur: Above V.I.P. House Ajdacent, A.D. Girls Inter College, Bank Road, Gorakpur - 273001. Gulbarga: CTS No. 2913, First Floor, Asian Tower Next To Hotel Aditya, Jagat Station Main Road, Gulbarga - 585105. Guntur: D No 6-10-27 10/1, Sri Nilayam, Arundelpet, Guntur - 522002. Gurgaon: Shop No. 18, Ground Floor, Sector - 14, Opp. AKD Tower, Near Huda Office, Gurgaon - 122001. Guwahati: 1st Floor, Bajrangbali Building, Near Bora Service Station, GS Road, Guwahati - 781007. Gwalior: Shindi Ki Chawani, Nadi Gate Pul, MLB Road, Gwalior - 474001. Haldwani: Above Kapilaz Sweet House, Opp LIC Building, Pilikothi Haldwani - 263139. Haridwar: 8, Govind Puri, Opp. LIC - 2, Above Vijay Bank, Main Road, Ranipur, More, Haridwar - 249401. Hassan: St. Anthony’s Complex Ground Floor, H N Pura Road, Hassan - 573201. Hissar: Sco 71, 1st Floor, Red Square Market, Hissar - 125001. Hoshiarpur: Ist Floor, The Mall Tower, Opp Kapila Hospital, Sutheri Road, Near Maharaj Palace, Hoshiarpur - 146001. Hubli: 22 & 23, 3rd Floor Eurecka Junction, T B Road, Hubli - 580029. Hyderabad: Karvy Selenium, Tower B, Plot Nos. 31 & 32, Financial District, Nanakramguda, Serillingampally Mandal, Hyderabad – 500032. Indore: G - 7, Royal Ratan Building, M. G Road, Opp. Kotak Mahindra Bank. Indore - 452010. Jabalpur: 43, Naya Bazar, opposite shyam talkies, Jabalpur (M.P.) - 482001. Jaipur: S-16 A, 3Rd Floor, Land Mark, Opposite Jaipur Club, Mahavir Marg, C- Scheme, Jaipur - 302001. Jalandhar: Lower Ground Floor, Office No : 3, Arora Prime Tower, Plot No : 28, G T Road, Jalandhar - 144 004. Jalgaon: 148 Navi Peth, Opp. Vijaya Bank Near. Bharat Dudhalay, Jalgaon - 425001. Jalpaiguri: D.B.C. Raod, Near Rupasree Cinema Hall, Beside Kalamandir, Po & Dist, Jalapiguri - 735101. Jammu: 29 D/C, Near Service Selection Commission Office, Gandhi Nagar, Jammu - 180004. Jamnagar: 108, Madhav Plaza, Opp SBI Bank, Near Lal Bangalow, Jamnagar - 361001. Jamshedpur: Kanchan Tower, 3Rd Floor, Chhaganlal Dayalji @ Sons 3-S B Shop Area, ( Near Traffic Signal ) Main Road, Bistupur, Jamshedpur - 831001. Jaunpur: 119, R N Complex, 2nd Floor, Near Jay Ceej Crossing, Ummarpur, Jaunpur - 222002. Jhansi: 371/01, Narayan Plaza, Gwalior Road, Near Jeevan Shah Chauraha, Jhansi - 284001. Jodhpur: 203, Modi Arcade, Chupasni Road, Jodhpur - 342001. Junagadh: 124/125, Punit Shopping Center, Ranavat Chowk, Junagadh, Gujarat - 362001. Kannur: 2nd Floor, Prabhat Complex, Fort Road, Kannur - 670001. Kanpur: 15/46, Ground Floor, Opp: Muir Mills, Civil Lines, Kanpur - 208001. Karaikudi: Gopi Arcade, 100 Feet Road, Karaikudi - 630001. Karimnagar: H.No.4-2-130/131, Above Union Bank, Jafri Road, Rajeev Chowk, Karimnagar - 505001. Karnal: 18/369, Char Chaman Kunjpura road, Karnal -132001. Karur: No. 6, Old No.1304, Thiru-Vi-Ka Road, Near G. R. Kalyan Mahal, Karur - 639001. Kharagpur: Malancha Road, Beside Uti Bank, Kharagpur - 721304. Kolhapur: 605/1/4 E Ward, Near Sultane Chambers, Shahupuri, 2nd Lane, Kolhapur - 416001. Kolkata: 166A, Rashbehari Avenue, 2nd Floor, Near Adi Dhakerhwari Bastralaya OPP- Fortis Hospital, Kolkata - 700029. Kollam: Ground floor, Vigneshwara Bhavan, Below Reliance Web World, Kadapakkada Kollam - 691008. Korba: 1St Floor, 35 Indira Complex, T P nagar, Korba (C.G.) - 495677. Kota: H.No. 29, First Floor, Near Lala Lajpat Rai Circle Shopping Centre, Kota - 324007. Kottayam: 1St Floor, Csi Ascension Church Complex, Kottayam - 686001. Kurnool: Shop No. 43, 1St Floor, S V Complex, Railway Station Road, Kurnool - 518 004. Lucknow: Usha Sadan, 24, Prem Nagar, Ashok Marg, Lucknow - 226001. Ludhiana: SCO - 136, First Floor, Above Airtel Show Room, Feroze Gandhi Market, Ludhiana - 141001. Madurai: Rakesh Towers, 30-C, Bye Pass Road, Ist Floor, Opp Nagappa Motors, Madurai - 625010. Malappuram: First Floor, Cholakkal Building, Near A U P School, Up Hill, Malappuram - 676505. Malda: Sahistuli Under Ward No-6, English Bazar Municipality, No-1 Govt Colony, Malda - 732101. Mangalore: Ground Floor, Mahendra Arcade Kodial Bail, Mangalore - 575003. Mandi: House No.149/11, School Bazar, City, Mandi - 175001. Margoa: 2Nd Floor, Dalal Commercial Complex, Opp: Hari Mandir, Pajifond, Margao - Goa - 403601. Mathura: AMBEY Crown, IInd Floor, In Front Of BSA College, Gaushala Road, Mathura - 281001. Meerut: 1St Floor, Medi Centre Complex, Opp. Icici Bank, Hapur Road, Meerut - 250002. Mehsana: Ul - 47, Appolo Enclave, Opp Simandhar Temple, Modhera Char Rasta Highway, Mehsana - 384002. Mirzapur: Girja Sadan, Dankin Gunj, Mirzapur - 231001. Moga: Near Dharamshala Brat Ghar, Civil Line, Dutt Road, Moga - 142001. Moradabad: Om Arcade, Parker Road, Above Syndicate Bank, Tari Khana Chowk, Moradabad - 244001. Morena: Moti Palace, Near Ramjanki Mandir, Jiwaji Ganj, Morena - 476001. Mumbai: Office number: 01/04 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind Bombay Stock Exchange, Fort, Mumbai - 400001. Muzaffarpur: 1St Floor, Uma Market, Near Thana Gumti, Motijheel, Muzaffarpur, Bihar - 842001. Mysore: L - 350 , Silver Tower, Clock Tower, Ashoka Road, Mysore - 570001. Nadiad: 105 Gf City Point, Near Paras Cinema, Nadiad - 387001. Nagarkoil: 3A, South Car street, Parfan Complex, Nr The Laxmi Villas Bank, Nagarcoil - 629001. Nagpur: Plot No.2/1, House No. 102/1, Mangaldeep Apartment, Mata Mandir Road, Opp. Khandelwal Jewellers, Dharampeth, Nagpur - 440010. Namakkal: 105/2, Arun Towers, Paramathi Street, Namakkal - 637001. Nanded: Shop No. 4, First Floor, Opp. Bank Of India Santkrupa Market, Gurudwara Road, Nanded - 431602. Nasik: S-12, Second Floor, Suyojit Sankul, Sharanpur Road, Nasik - 422002. Navsari: 1St Floor, Chinmay Arcade Opp. Sattapir, Tower Road, Navsari - 396445. Nellore: 207, II Floor, Kaizen Heights,16/2/230, Sunday Market Pogathota, Nellore - 524001. New Delhi: 305, 3rd Floor, New Delhi House, Bara Khamba Road, Connaught Place, New Delhi - 110001. Nizamabad: H No. 4-9-55, 1St Floor, Uppala Rameshwara Complex, Jawahar Road, Nizambad - 503001. Noida: 307, Jaipuria Plaza, D 68 A, 2nd Floor, Opp Delhi Public School, Sector 26, Noida - 201301. Palghat: 12/310, (No.20 & 21), Metro Complex, Head Post Office Road, Sultanpet, Palghat - 678001. Panipat: 1St Floor, Krishna Tower, Near Hdfc Bank, Opp. Railway Road, G T Road, Panipat - 132103. Panjim: City Business Centre, Coelho Pereira Building ,Room Nos.18,19 & 20, Dada Vaidya Road, Panjim - 403001. Pathankot: I Floor, 9A, Improvement Trust Building, Near HDFC Bank, Patel Chowk, Pathankot - 145001. Patiala: Sco 27 D, Chhoti Baradari, Patiala - 147001. Patna: 3A, 3Rd Floor Anand Tower, Exhibition Road, Opp Icici Bank, Patna - 800001. Pollachi: S S Complex, New Scheme Road, Pollachi - 642002. Pondicherry: First Floor No.7, Thiayagaraja Street, Pondicherry - 605001. Proddatur: Beside SBI ATM, Near Syndicate bank, Araveti Complex, Mydukur Road, Kadapa Dist, Proddatur - 516360. Pudukottai: Sundaram Masilamani Towers, Ts No. 5476 - 5479, Pm Road, Old Tirumayam Salai, Near Anna Statue, Jublie Arts, Pudukottai - 622001. Pune: Shop No. 16, 17 & 18, Ground Floor, Sreenath Plaza, Dyaneshwar Paduka Chowk, F C Road, Pune - 411004. Raipur: Room No. TF 31, 3 RD FLOOR, Millennium Plaza, Behind Indian Coffee House, G E Road, Raipur - 492001. Rajahmundry: Dr.No; 6-1-4, first floor, Rangachary street, Tnagar, Rajahmundry - 533101. Rajapalayam: Professional Couriers Building, 40/C (1), Hospital Road, Rajapalayam - 626117. Rajkot: 104, Siddhi Vinayak Complex, Dr Yagnik Road, Opp Ramkrishna Ashram, Rajkot - 360001. Ranchi: Room No. 307, 3Rd Floor, Commerce Towers, Beside Mahabir Towers Main Road, Ranchi - 834001. Ratlam: 1 Nagpal Bhavan, Freeganj Road, Tobatti, Ratlam - 457001. Renukoot: Shop No. 18, Near Complex Birla Market, Renukoot - 231217. Rewa: Ist Floor, Angoori Building, Besides Allahabad Bank Trans University Road, Civil Lines, Rewa - 485001. Rohtak: 1St Floor, Ashoka Plaza, Delhi Road, Rohtak - 124001. Roorkee: Shree Ashadeep Complex, 16 Civil Lines, Near Income Tax Office, Roorkee, Uttaranchal - 247667. Rourkela: 1St Floor, Sandhu Complex, Kanchery Road, Udit Nagar, Rourkela - 769012. Sagar: Above Poshak garments, 5 Civil Lines, Opposite Income Tax Office, Sagar - 470002. Saharanpur: 18 Mission Market, Court Road, Saharanpur - 247001. Salem: Door No: 40, Brindavan Road, Near Perumal Koil, Fairlands, Salem - 636016. Sambalpur: Quality Massion, 1St Floor Above Bata Shop / Preeti Auto Combine, Nayapara, Sambalpur - 768001. Satna: 1St Floor, Gopal Complex, Near Busstand Rewa Road, Satna (M.P) - 485001. Shaktinagar: 1st/A-375, V V Colony Dist. Sonebhadra, Shaktinagar - 231222. Shillong: Mani Bhawan, Thana Road, Lower Police Bazar, Shillong - 793001. Shimla: Triveni Building, By Pas Chowk, Khallini, Shimla - 171002. Shimoga: Uday Ravi Complex, LLR Road, Durgi Gudi, Shimoga - 577201. Shivpuri: 1ST Floor, M.P.R.P. Building, Near Bank of India, Shivpuri - 473 551. Sikar: 1St Floor, Super Towers, Behind Ram Mandir, Station Road, Sikar - 332001. Silchar: 1St Floor, Chowchakra Complex, N N Dutta Road, Premtala, Silchar - 788001. Siliguri: Nanak Complex, Near Church Road, Sevoke Road, Siliguri - 734001. Sitapur: 12/12-A, Surya Complex, Arya Nagar, Opp. Mal Godam, Sitapur - 261001. Sivakasi: 363, Thiruthangal Road, Opp: Tneb, Sivakasi - 626123. Solan: Sahni Bhawan, Adjacent Anand Cinema Complex, The Mall, Solan - 173212. Solapur: Siddeshwar Secrurities, No 6, Vaman Road, Vijaypur Road, Vaman Nagar, Solapur - 413004. Sonepat: 205, R Model Town, Above Central Bank Of India, Sonepat - 131001. Sri Ganganagar: 35-E-Block, Opp. Sheetla Mata Vatika, Sri Ganga Nagar - 335001. Srikakulam: 4-1-28/1. Venkateshwara Colony, Day & Night Junction, Srikakulam - 532001. Sultanpur: Rama Shankar Complex Civil Lines, Faizabad Road, Sultanpur - 228001. Surat: G-6 Empire State Building, Near Parag House, Udhna Darwaja Ring Road, Surat - 395002. Thanjavur: Nalliah Complex, No.70, Srinivasam Pillai Road, Thanjavur - 613001. Thodupuzha: First Floor, Pulimoottil Pioneer Pala Road, Thodupuzha - 685584. Tirunelveli: Jeney Building, 55/18, S N Road, Near Arvind Eye Hospital, Tirunelveli - 627001. Tirupathi: Plot No.16 (south part), First Floor, R C Road, Tirupati - 517502. Tirupur: First Floor, 224 A, S Selvakumar Departmental Stores, Ist Floor, Kamaraj Road, Opp To Cotton Market Complex, Tirupur - 641604. Tiruvalla: 2nd Floor, Erinjery Complex, Near Kotak Securites, Ramanchira, Tiruvalla - 689107. Trichur: 2’Nd Floor, Brother’S Complex, Near Dhana Laxmi Bank Head Office, Naikkanal Junction, Trichur - 680001.Trichy: Sri krishna Arcade, 1St Floor, 60 Thennur High Road, Trichy - 620017. Trivandrum: 2Nd Floor, Akshaya Towers, Above Jetairways, Sasthamangalam, Trivandrum - 695010. Tuticorin: 4 B, A34, A37, Mangalmal, Mani Nagar, Opp: Rajaji Park, Palayamkottai Road, Tuticorin - 628003. Udaipur: 201-202, Madhav Chambers, Opp. G.P.O, Chetak Circle, Madhuban, Udaipur - 313001. Ujjain: 101, Aastha Tower, 13/1, Dhanwantri Marg, Free Gunj, Ujjain - 456010. Valsad: Shop No 2, Phiroza Corner Opp Next Showroom, Tithal Road, Valsad - 396001. Vapi: Shop No 5, Phikhaji Residency Opp Dcb Bank, Vapi Silvassa Road, Vapi - 396195. Varanasi: D-64/132, KA 1st Floor, Anant Complex, Sigra, Varanasi - 221010. Vellore: No.1, M.N.R. Arcade, Officer’S Line, Krishna Nagar, Vellore - 632001. Vijayanagaram: “Soubhagya”, 19-6-13/1, ll nd Floor, Near Sbi Fort Branch, Vijayanagaram - 535002. Vijayawada: 39-10-7 Opp Municipal Water Tank, Labbipet, Vijayawada - 520010. Visakhapatnam: 47-14-5/1 Eswar Paradise Dwaraka Nagar, Main Road, Visakhapatnam - 530016. Warangal: 5-6-95,1 st floor, opp: B.Ed collage, Lashkar Bazar, Chandra Complex, Hanmakonda, Warangal - 506001. Yamunanagar: Jagdhari Road, Above Uco Bank, Near D.A.V. Grils College, Yamuna Nagar -135001.