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Wednesday, April 01, 2009

Reliance Regular Savings Fund announces changes

With effect from 01 April 2009

Reliance Mutual Fund has decided to make the following changes in the features of Reliance Regular Savings Fund, with effect from 01 April 2009.

Introduction of Dividend Plan

The scheme has introduced dividend plan with dividend payout and dividend reinvestment option. Both the options will further offer debt, equity and balanced options. Presently, the scheme offers only growth plan with debt, equity and balanced option.

Change in Load Structure for Balanced Option

Accordingly, the scheme will not charge any entry load. However, for the subscription of less than Rs 5 crore per purchase transaction the scheme will charge 2.00% of an exit load, if redeemed/switch out before completion of 12 months from the date of allotment of units. It will charge 1.50% if redeemed/switch out after 12 months and 1 day and on or before completion of 24 months from the date of allotment of units. It may ask exit load of 1.00% if redeemed/switch out after 24 months – 1 day and on or before completion 36 months from the date of allotment of units. And the exit load is nil, if redeemed/switch out after completion 36 months from the date of allotment of units.

For the subscription of Rs 5 crore and above per purchase transaction, there will be no exit load.

The primary investment objective of this option is to generate optimal returns consistent with moderate level of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly investments shall predominantly be made in debt and money market instruments.

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