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Thursday, January 15, 2009

Reliance Infrastructure Fund files offer document with Sebi

To generate capital appreciation by investing in companies engaged in infrastructure & related sectors

Name of Fund: Reliance Infrastructure Fund

Type of Scheme: It is an open ended equity scheme

Investment Objective: The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Investment Options: The Scheme will offer two plans i.e. retail and institutional option. Both plans will offer- growth plan with two plans growth option and bonus option and dividend plan with dividend payout option and dividend reinvestment option.

Asset Allocation: The scheme may invest upto 65%-100% in equities and equity related securities including derivatives. Atleast 65% of investment would be made in equity/equity related securities of companies engaged in infrastructure sectors and infrastructure related sectors. The scheme will have investment exposure upto 35% in debt and money market securities including investments in securitised debt. Investment in securitised debt should be upto 30%.

NFO price: Rs 10 per unit

Entry Load: For retail plan, 2.25% of exit load will be charged for the subscription below Rs 2 crore and 1.25%, for the subscription of Rs 2 crore & above but below Rs 5 crore and nil for the subscription amount of Rs 5 crore and more.

For institutional plan no entry load will be charged.

Exit Load: For subscription of less than Rs 5 crore purchases, the scheme will charge an exit load of 1.00% if redeemed/ switched on or before completion of 1 year from the date of allotment and nil if redeemed /switched after completion of 1 year from the date of allotment. Whereas, it will not charge exit load for the purchase amount of more than Rs 5 crore. Institutional plan may not charge exit load.

Minimum Investment Amount: The minimum investment amount under retail plan will be Rs 5,000 and in multiples of Re.1 thereafter and under institutional plan minimum investment amount will be Rs 5 crore and in multiples of Re.1 thereafter.

Minimum Targeted amount: The Fund seeks to collect a minimum subscription amount of Rs 100 crore during NFO.

Benchmark Index: BSE 100

Fund Manager: Sunil Singhania will manage the fund.

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