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Statement of Additional Information Statement of Additional Information NAME OF MUTUAL FUND Reliance Mutual Fund (RMF) NAME OF ASSET MANAGEMENT COMPANY Reliance Nippon Life Asset Management Limited (RNAM) CIN : L65910MH1995PLC220793 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 SPONSORS Reliance Capital Limited & Nippon Life Insurance Company For a free copy of the current Statement of Additional Information, please contact your nearest Investor Service Centre or log on to our website. Customer Care : 022-3030 1111 Toll free: 1800-300-11111 Email: [email protected] Website: www.reliancemutual.com Table of content Content Page No. I DEFINITIONS & ABBREVIATIONS 1 II INFORMATION ABOUT SPONSOR, AMC AND TRUSTEE COMPANIES 3 A. Constitution of the Mutual Fund 3 B. Sponsor 3 C. The Trustee 3 D. Asset Management Company 7 E. Service providers 25 F. Condensed financial information (CFI) 26 III HOW TO APPLY? 52 IV RIGHTS OF UNITHOLDERS OF THE SCHEME 69 V INVESTMENT VALUATION NORMS FOR SECURITIES AND OTHER ASSETS 70 VI TAX & LEGAL & GENERAL INFORMATION 78 This Statement of Additional Information contains details of Reliance Mutual Fund, its constitution and certain tax, legal and general information. It is incorporated by reference and is a part of Scheme Information Document of all the Schemes of Reliance Mutual Fund. This Statement of Additional Information is dated October 19, 2018. I. DEFINITIONS & ABBREVIATIONS Word/Abbreviation Definition/Expansion AADHAAR Aadhaar number issued by the Unique identification Authority of India (UIDAI) AMC AMC means Asset Management Company, formed and registered under the Companies Act, 1956 and approved as such by the SEBI under sub-regulation (2) of regulation 21. AMFI Association of Mutual Funds in India, the apex body of all the registered AMCs incorporated on August 22, 1995 as a non-profit organisation. ASBA ASBA means “Application Supported by Blocked Amount” as defined in clause (d) of sub - regulation (1) of regulation 2 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. Associate Associate means associate as defined under SEBI (Mutual Funds) Regulations, 1996 Business Day / Working A Business Day / Working Day means any day other than : Day 1. saturday or 2. sunday or 3. a day on which The Stock Exchange, Mumbai or National Stock Exchange Limited or Reserve Bank of India or Banks in Mumbai are closed or 4. a day on which there is no RBI clearing/settlement of securities or 5. a day on which the sale and/or redemption and /or switches of Units is suspended by the Trustees /AMC or 6. a book closure period as may be announced by the Trustees / Asset Management Company or 7. a day on which normal business could not be transacted due to storms, floods, bandhs, strikes or any other events as the AMC may specify from time to time. The AMC reserves the right to declare any day as a Business Day or otherwise at any or all Designated Investor Service Centers. Close ended scheme Close ended scheme means any Scheme in which the period of maturity of the scheme is specified. CKYC Central KYC Registry (CERSAI ) is a centralized repository of KYC records of customers in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector with an objective to reduce the burden of producing KYC documents and getting those verified every time when the customer creates a new relationship with a financial entity. SEBI has issued circular no. CIR/MIRSD/ 66 /2016 dated July 21, 2016 and no. CIR/MIRSD/120 /2016 dated Nov. 10, for uniform and smooth implementation of CKYC norms for onboarding of new investors in Mutul funds with effect from 1st Feb 2017 Custodian Custodian means a person who has been granted a certificate of registration to carry on the business of custodian of securities under the Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996. Presently, Deutsche Bank A.G., registered vide registration number IN/CUS/003 and and Citibank N.A. registered vide registration number IN/CUS/004 are appointed as Custodian of securities for all the schemes of RMF. Depository Depository means a depository as defined in the Depositories Act, 1996 (22 of 1996) including Central Depository Services India Limited (CDSL) and National Securities Depository Limited (NSDL) (Designated Investor Means any location as may be defined by the AMC from time to time, where investors can tender the request for Service Centers) DISC / subscription, redemption or switching of units, etc. Official Points of Acceptance DP Depository Participant means a person registered as such under sub regulation (1A) of section 12 of SEBI Act, 1992 (15 of 1992) FII / FPI FII means Foreign Institutional Investor as defined under Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995; Foreign Portfolio Investors (FPI) as defined in Regulation 2(1) (h) of Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014. IMA IMA means Investment Management Agreement dated May 12, 1995 executed between RMF, acting through their Trustee RCTC’ and RNAM and amended in accordance with SEBI (Mutual Funds) Regulations, 1996 ISIN International Security Identification Number. It is a unique security code that differentiates each and every script from all the other scripts. KIM Key Information Memorandum as required in terms of regulation 29(4) KYC Know Your Client means the procedure prescribed by the Board for identifying and verifying the Proof of Address, Proof of Identity and compliance with rules, regulations, guidelines and circulars issued by the Board or any other authority for Prevention of Money Laundering from time to time; KRA KYC Registration Agency (KRA)” is a company formed and registered under the Companies Act, 1956 and which has been granted a certificate of registration under these regulations which hereinafter shall be deemed to be an intermediary in terms of the provisions of the Act Load Load means a charge that may be levied as a percentage of NAV at the time of entry into the scheme/plans or at the time of exiting from the scheme/ plans NAV Net Asset Value of the Units in each plan of the Scheme is calculated in the manner provided in the respective SID or as may be prescribed by Regulations from time to time. The NAV will be computed upto four decimal places unless otherwise specified. 1 NFO NFO means New Fund Offer period during which a new Scheme sells its units to the investors. NRI Non – Resident Indian Open ended Scheme Means a Scheme which offers units for sale without specifying any duration for redemption. PIO Person of Indian Origin POA Power of Attorney POS Point of Service Prevention of Money Prevention of Money Laundering under Prevention of Money Laundering Act, 2002, Regulations, necessary Laundering (PML) directives issued by SEBI vide circulars from time to time, covering issues related to Know Your Client norms, Anti- Money Laundering, Client Due Diligence and Combating Financing of Terrorism including reporting guidelines / circulars issued by Financial Intelligence Unit – India, Association of Mutual Funds in India and Financial Action Task Force. RBI Means Reserve Bank of India, established under the Reserve Bank of India Act, 1934 RNAM Means Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited), a Public Limited Company incorporated under the Companies Act, 1956 on February 24, 1995, duly registered with SEBI and appointed as AMC for all schemes of Reliance Mutual Fund RCL Reliance Capital Limited, a company incorporated under Companies Act, 1956 that has established RMF. RCTC RCTC means Reliance Capital Trustee Co. Limited, who holds the property of the Mutual Fund in trust for the benefit of the unitholders. Registrar & Transfer Agent / Karvy Computershare (Private) Limited appointed as Registrars and Transfer Agent duly registered with the Registrar SEBI vide registration number INR000000221 acting as such for all the Schemes of RMF. Regulations SEBI (Mutual Funds) Regulations, 1996 including the Rules, Guidelines or Circulars issued in relation thereto from time to time. Regulatory Authority Regulatory authority means any authority or agency competent to issue or give any directions, instructions or guidelines to the Mutual Fund. SAI Means this Statement of Additional Information issued by RMF containing details of RMF, its constitution, and certain tax, legal and general information (SAI is to be read in conjunction with SID of the respective scheme) Scheme Means a Scheme launched by RMF under Chapter V of SEBI (Mutual Funds) Regulations, 1996 SCSB Self Certified Syndicate Bank has the same meaning as given to it in clause (zi) of sub regulation (1) of regulation 2 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. SCSB is a bank which is recognized as a bank capable of providing ASBA services to its customers. Names of such banks would appear in the list available on the website of SEBI (www.sebi.gov.in) SEBI Means Securities and Exchange Board of India established under the Securities and Exchange Board of India Act, 1992. Settlor Means Settlor of RMF. RCL a company incorporated under Companies Act, 1956 is the Settlor of RMF SID Means Scheme
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