HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Monday, May 11, 2009

Reliance MF files another offer document with Sebi

Plans to launch Reliance International Equity Fund

Name of Fund: Reliance International Equity Fund

Scheme: An open-ended diversified 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 international and domestic markets and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Investment Options: The scheme offers two plans viz. retail and institutional plan with growth and dividend option. The growth plan will further offer growth option and bonus option. The dividend option will further offer payout and reinvestment options.

Asset Allocation: The fund will invest upto 65%-100% in equities and equity related securities, of that the scheme will invest in foreign securities upto 65%-100% and 0%-35% in domestic companies. It will also invest upto 35% in debt and money market securities including investments in securitised debt upto 30%.

Foreign securities includes ADRs/GDRs issued by Indian companies or foreign companies, equity of overseas companies listed on recognized stock exchanges overseas, units/securities issued by overseas mutual funds or unit trusts which are registered with overseas regulators and Overseas exchange traded funds (ETFs) which invest in the securities as permitted by SEBI/RBI from time to time.

The fund managers will seek to invest more than 65% of net assets in equity shares of foreign companies

An overall limit of 100% of the portfolio value has been introduced for the purpose of equity derivatives in the scheme, however the same is the notional value and it will be seen that, the notional value of the net exposure to derivatives will not exceed the fund corpus at any point of time. Notional value shall mean value of Futures or notional value of the Options.

NFO price: Rs 10 per unit

Load Structure: For Retail Plan: The scheme will charge an entry load of 2.25% for subscription upto Rs 2 crore, 1.25% for subscription of Rs 2 crore and above and below Rs 5 crore and nil for the subscriptions of Rs 5 crore and above.

The scheme will charge an exit load of 1.00% for subscription of less than Rs 5 crore if redeemed/switched out on or before completion of 1 year from the date of allotment and will not charge any exit load if redeemed/switched out after completion of 1 year from the date of allotment. For redemption of Rs 5 crore and above the scheme will not charge any exit load.

For Institutional Plan: The scheme will not charge any entry not exit load.

Minimum Investment Amount: The minimum application amount under the regular plan is Rs 5000 and in multiples of Re 1 thereafter and the minimum investment amount under institutional plan is Rs 5 crore and in multiples of Re 1 thereafter.

Minimum Target amount: The Fund seeks to collect a minimum subscription amount of Rs.1 crore under the plan.

Benchmark Index: The scheme's performance will be benchmarked against MSCI All Country World Index to the extent of 65% of portfolio and BSE 200 Index for balance 35% of the portfolio.

Fund Managers: Shiv Chanani will manage the overseas investments and Ashwani Kumar, equity fund manager will manage domestic investments of the scheme.

Posted by

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.