Should I invest in Reliance Dual Advantage Fixed Tenure Fund III - Plan D?

We don't give personal investment advice. Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding.

Reliance

Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option

Latest NAV

₹13.5857

As of

3 Aug 2016

738 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.02%	-2.27%	+2.29	166 / 1079	Q1
1W	+0.13%	-2.66%	+2.79	152 / 945	Q1
2W	+0.25%	-2.62%	+2.87	196 / 930	Q1
1M	+0.51%	-2.43%	+2.93	272 / 924	Q2
3M	+6.77%	-1.42%	+8.19	3 / 916	Q1
6M	+10.95%	-0.05%	+11.00	4 / 876	Q1
YTD	+4.05%	-0.27%	+4.32	148 / 880	Q1
1Y	-1.82%	+3.14%	-4.97	807 / 835	Q4
2Y	+3.36%	+4.08%	-0.72	757 / 807	Q4
3Y	+9.58%	+4.43%	+5.15	27 / 800	Q1
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+10.46%	+5.01%	+5.45	12 / 1079	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2016 YTD	+4.05%	+8.41%	-4.35	228 / 241
2015	-3.99%	+7.38%	-11.37	179 / 184
2014	+25.05%	+12.06%	+12.99	3 / 76
2013	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+8.32%

26 windows

min -13.9% · max 31.6%

62% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+10.06%

2 windows

min 9.6% · max 10.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

10.78%

3-year · annualised

Sharpe ratio

0.30

vs risk-free 6.5%

Sortino ratio

0.55

Downside-only deviation

Max drawdown

-19.15%

Mar 2015 → Feb 2016

% positive months

58.3%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Medium to Long Duration Fund

Scheme	Fund house	NAV	As of
HDFC FMP 1269D March 2023 - Growth Option - Direct Plan	HDFC	₹12.5263	3 Jun 2026
Nippon India Fixed Maturity Plan - XLIII - Series 1- Direct Plan - Growth Option	Nippon India	₹13.3582	3 Jun 2026
SBI Fixed Maturity Plan (FMP) - Series 1 (3668 Days) - Direct Plan - Growth	SBI	₹17.3852	3 Jun 2026
ICICI Prudential Bond Fund - Direct Plan - Growth	ICICI Prudential	₹43.7788	3 Jun 2026
BANDHAN Fixed Term Plan Series 179 DIRECT PLAN-GROWTH (3652 days)	Bandhan	₹17.7320	3 Jun 2026
Aditya Birla Sun Life Fixed Term Plan - Series TI (1837 days) - Direct Plan - Growth Option	Aditya Birla Sun Life	₹13.5023	3 Jun 2026
Franklin India Medium to Long Duration Fund - Direct Growth	Franklin India	₹11.0072	3 Jun 2026
Kotak Bond Fund - Growth - Direct	Kotak	₹88.1692	3 Jun 2026
DSP FMP Series - 264 - 60M - 17D - Direct - Growth	DSP	₹13.2410	3 Jun 2026
HSBC Medium to Long Duration Fund - Direct Growth	HSBC	₹47.7483	3 Jun 2026

Recent NAVs

Date	NAV
3 Aug 2016	₹13.5857
2 Aug 2016	₹13.5834
1 Aug 2016	₹13.5811
29 Jul 2016	₹13.5736
28 Jul 2016	₹13.5710
27 Jul 2016	₹13.5683
26 Jul 2016	₹13.5659
25 Jul 2016	₹13.5635
22 Jul 2016	₹13.5563
21 Jul 2016	₹13.5539

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Aug 2016, the NAV of Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option is ₹13.5857. It's a Medium to Long Duration Fund from Reliance, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option has NAV history starting from 08 Jul 2013, a track record of about 12 years 10 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option is managed by Reliance. It's classified by AMFI under the 'Medium to Long Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option has delivered a absolute return of -1.82% — -4.97 pp behind the Medium to Long Duration Fund category average of 3.14%. The fund ranks #807 of 835 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option has delivered a CAGR of 9.58% — +5.15 pp ahead of the Medium to Long Duration Fund category average of 4.43%. The fund ranks #27 of 800 in its category — the top (Q1) quartile.

Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option exactly 3 years ago would be worth approximately ₹131,587 today — a multiplier of 1.32×, based on the 3-year CAGR of 9.58%. The category average over the same window would have grown ₹1 lakh to ₹113,886.

A ₹10,000 monthly SIP in Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option over the last 3 years — total invested ₹360,000 — would be worth ₹391,990 today. That's an XIRR (money-weighted annualised return) of 5.59%.

Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹391,990 — XIRR 5.59%.

On a 3-year basis, Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option ranks #27 out of 800 funds in the Medium to Long Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 4.43%; this fund delivered 9.58%.

The worst peak-to-trough decline Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option has experienced over the last 3-year window is 19.15% — its NAV fell from a high on 03 Mar 2015 to a low on 25 Feb 2016. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option averaged 10.06% (best 10.55%, worst 9.58%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.30 — weak risk-adjusted performance.

In calendar year 2015, Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option returned -3.99% — lagging the Medium to Long Duration Fund category average of 7.38% by 11.37 pp. It ranked #179 of 184 in its category that year.

Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Reliance Dual Advantage Fixed Tenure Fund III - Plan D - Direct Plan - Growth Option is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.