Reliance MF launches “Reliance Japan Equity Fund”; NFO to
close on August 20
11/08/2014 11:29
Reliance Mutual Fund has launched a new open ended diversified equity scheme named “Reliance Japan Equity Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 08 and will close on August 20. According to the offer document filed with SEBI, the entry load is nil and exit load will be charged 1 per cent if redeemed or switched out on or before completion of 1 year from the date of allotment of units. 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, Bonus, Dividend payout and Dividend Re-investment option. The performance of the scheme will be benchmarked against TOPIX (Tokyo Stock Price Index). Jahnvee Shah and Anju Chajjer will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide long term capital appreciation will be met by investing in a portfolio of Equity and Equity related Instruments listed on the recognized stock exchanges of Japan and fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits of India. Hence, the scheme will allocate 80 to 100 per cent of asset in Equity and Equity related Instruments listed on the recognized stock exchanges of Japan and 0 to 20 per cent of asset in fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits of India.
11/08/2014 11:29
Reliance Mutual Fund has launched a new open ended diversified equity scheme named “Reliance Japan Equity Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 08 and will close on August 20. According to the offer document filed with SEBI, the entry load is nil and exit load will be charged 1 per cent if redeemed or switched out on or before completion of 1 year from the date of allotment of units. 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, Bonus, Dividend payout and Dividend Re-investment option. The performance of the scheme will be benchmarked against TOPIX (Tokyo Stock Price Index). Jahnvee Shah and Anju Chajjer will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide long term capital appreciation will be met by investing in a portfolio of Equity and Equity related Instruments listed on the recognized stock exchanges of Japan and fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits of India. Hence, the scheme will allocate 80 to 100 per cent of asset in Equity and Equity related Instruments listed on the recognized stock exchanges of Japan and 0 to 20 per cent of asset in fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits of India.
