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Tuesday, July 21, 2009

Reliance Infrastructure Fund debuts at Rs 10.0704

The NFO was closed on 23 June 2009

Reliance Mutual Fund's Reliance Infrastructure Fund, whose initial public offering closed on 23 June 2009, has debuted at Rs 10.0704 per unit as against a face value of Rs 10 per unit on 20 July 2009.

Reliance Mutual Fund has collected about Rs 2350 crore during NFO period of Reliance Infrastructure Fund launched on 25 May 2009.

Reliance Infrastructure Fund is an open-ended equity fund. 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.

The scheme may invest up to 65%-100% in equities and equity related securities including derivatives engaged in infrastructure sectors and infrastructure related sectors. At least 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 up to 35% in debt and money market securities including investments in securitised debt. Investment in securitised debt should be up to 30%.

The fund manager for the scheme is Sunil Singhania. The performance of the scheme will be benchmarked against BSE 100.

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