Reliance Mutual Fund has decided to rename Reliance Equity
Advantage Fund as Reliance Top 200 Fund with effect from 26 August 2011.
Accordingly, the investment objective, benchmark index and asset allocation
pattern of the scheme will be altered.
Investment Objective: The primary investment objective of
the scheme is to seek to generate long term capital appreciation by investing
in equity and equity related instruments of companies whose market
capitalization is within the range of highest and lowest market capitalization
of BSE 200 Index. The secondary objective is to generate consistent returns by
investing in debt and money market securities.
Benchmark Index: BSE 200
Asset Allocation Pattern: The scheme will have a revised asset
allocation pattern to invest 65% to 100% of assets in equity and equity related
instruments with medium to high risk profile. On the other side it would
allocate upto 30% of assets in debt instruments and money market instruments
(including investments in securitized debt) with low to medium risk profile.
Unit holders of the scheme are being provided with an option
to exit the scheme at the prevailing NAV without any exit load. The option to
exit without payment of exit load will be valid from 27 July 2011 upto 25
August 2011.