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Wednesday, August 19, 2009

Reliance MF Announces Change in Medium Term Fund

With effect from 19 September 2009

Reliance Mutual Fund has decided to make changes in the asset allocation/investment pattern of Reliance Medium Term Fund with effect from 19 September 2009.

Accordingly the scheme will invest 0% to 80% of asset in money market instruments / short term debt instruments / floating rate notes with maturity / interest rate reset period not exceeding 3 months, with a risk profile of low risk.

It would invest 20% to 100% of asset in money market instruments i.e. commercial papers, treasury bills, certificate of deposit, and / or other short term debt instruments (floating rate notes, short tenor non-convertible debentures, securitized debt) and any other instrument with duration of more than 3 months but not exceeding 3 years. Securitized debt would include investment up-to 80% of the corpus. It would have a risk profile of low to medium.

Any unit holder who does not wish to comply with the changes can redeem their units at the applicable NAV without any exit load for a period from 20 August-18 September 2009.

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