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Thursday, January 09, 2014

Reliance Close Ended Equity Fund II files offer document with Sebi

A close-ended equity oriented scheme 

Reliance Mutual Fund has filed offer document with Sebi to launch Reliance Close Ended Equity Fund II, a close-ended equity oriented scheme. The New Fund Offer price is Rs 10 per unit. The scheme will have Series A-Series D, having tenure of 5 years from the date of allotment. 

Investment objective: The investment objective of the scheme is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities 

Options/plans: Growth and dividend (payout) option and direct plan- Growth and dividend (payout) option 

Benchmark: S&P BSE 200 Index 

Loads: Nil 

Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter. 

Minimum Target Amount: Rs. 10 crore for each series 

Asset Allocation: The scheme (all series) shall invest 80%-100% in equity and equity related instruments and up to 20% in debt and money market instruments. The scheme will neither invest in securitized debt nor engage in short selling. 

Fund Manager: Mr Sailesh Raj Bhan and Ms Jahnvee Shah
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