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Friday, May 09, 2014

Reliance Close Ended Equity Fund II – Series A Floats On

NFO period is from 09 May to 23 May 2014 

Reliance Mutual Fund has launched a new fund named as Reliance Close Ended Equity Fund II – Series A, a close ended equity oriented scheme. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The tenure of the scheme shall be 5 years from the date of allotment. The new issue will remain open for subscription from 09 May to 23 May 2014. 

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. Although, the objective of the Fund is to generate optimal returns, the objective may or may not be achieved. 

The scheme offers growth option, dividend payout option, direct plan –growth option and direct plan – dividend payout option. 

Reliance Close Ended Equity Fund II – Series A will allocate 80% to 100% of assets in equity and equity related instruments with high to medium risk profile and it would allocate upto 20% of assets in debt and money market instruments with medium to low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period and for every Specified Transaction Period. 

Entry load: Nil. 

Exit load: Not applicable. 

Benchmark Index for the scheme is S&P BSE 200 Index. 

The fund managers of the scheme are Shailesh Raj Bhan and Jahnvee Shah.
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