Reliance MF launches new plan under Capital Builder Fund II - Series
A
09/12/2014 10:55
Reliance Mutual Fund has launched a new close ended equity oriented scheme named “Reliance Capital Builder Fund II - Series A” with maturity period of 1102 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 08 and will close on December 17. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be 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 Payout option. The performance of the scheme will be benchmarked against S&P BSE 200 Index. Samir Rachh and Jahnvee Shah 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 capital appreciation to the investors, which will be in line with their long term savings goal, will be met by investing in a portfolio of diversified equity and equity related instruments and debt & money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in diversified equity and equity related instruments and 0 to 20 per cent of asset in debt & money market instruments.
09/12/2014 10:55
Reliance Mutual Fund has launched a new close ended equity oriented scheme named “Reliance Capital Builder Fund II - Series A” with maturity period of 1102 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 08 and will close on December 17. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be 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 Payout option. The performance of the scheme will be benchmarked against S&P BSE 200 Index. Samir Rachh and Jahnvee Shah 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 capital appreciation to the investors, which will be in line with their long term savings goal, will be met by investing in a portfolio of diversified equity and equity related instruments and debt & money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in diversified equity and equity related instruments and 0 to 20 per cent of asset in debt & money market instruments.
