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Wednesday, December 17, 2014

Reliance MF Announces Change In Fundamental Attributes Under Reliance Long Term Equity Fund

With effect from 22 January 2014

Reliance Mutual Fund has announced the change in fundamental attributes of Reliance Long Term Equity Fund, with effect from 22 January 2015. 

The proposed changes are: 

Name of the scheme: Reliance Mid & Small Cap Fund. 

Investment objective: The primary investment objective of the scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in Mid Cap & Small Cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities. 

Asset allocation pattern: 

The scheme would allocate 80%-100% of assets in equity and equity related instruments, of which 50%-70% of assets in mid cap companies, 15%-30% in small cap companies & upto 30% in large cap companies with high risk profile and invest upto 20% of assets in debt and money market instruments (including securitized debt) with low to medium risk profile. 

Existing investors have an option to exit without payment of exit load with in a period of 30 days from 22 December 2014 till 21 January 2015.
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