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Monday, November 24, 2014

Reliance US Equity Opportunities Fund files offer document with Sebi

An Open Ended Diversified Equity Scheme 

Reliance Mutual Fund has filed offer document with Sebi to launch Reliance US Equity Opportunities Fund, an open ended diversified equity scheme. The New Fund Offer price is Rs 10 per unit. 

Investment objective: The primary investment objective of Reliance US Equity Opportunities Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the US and the secondary objective is to generate consistent returns by investing in debt and money market securities in India. 

Plans/ option(s): 

a) Growth Plan 

(i) Growth Option
(ii) Bonus Option 

b) Dividend Plan 

(i) Dividend Payout Option
(ii) Dividend Re-investment Option 

c) Direct Plan - Growth Plan 

(i) Growth Option
(ii) Bonus Option 

d) Direct Plan - Dividend Plan 

(i) Dividend Payout Option
(ii) Dividend Re-investment Option 

Benchmark: S&P 500 Index 

Exit load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units and nil if redeemed or switched out after the completion of 1 year from the date of allotment of units 

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

Minimum Target Amount: Rs 10 crore 

Asset Allocation: The scheme shall invest 80-100% in equity and equity related instruments listed on the recognized stock exchanges in the US and up to 20% in fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits in India. 

Fund Managers: Jahnvee Shah and Anju Chajjer 
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