Reliance Mutual Fund launches New Close Ended Scheme
06/12/2017 15:03
Reliance Mutual Fund has launched a new close ended equity scheme named “Reliance Capital Builder Fund IV - Series C” with maturity period of 1185 days from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 01 and will close on December 15.

According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option.

The performance of the scheme will be benchmarked against S&P BSE 200 Index. Meenakshi Dawar, Samir Rachh and Jahnvee Shah will be the fund managers of the scheme.

The asset allocation of the scheme will be in such a way that the objective of the scheme to provide capital appreciation to the investors will be met by investing in a diversified portfolio of equity and equity related instruments with small exposure to fixed income securities. Hence, the scheme will allocate 80 to 100 per cent of asset in Equity and Equity related Instruments and 0 to 20 per cent of asset in Debt and Money Market Instruments.