Reliance Arbitrage Advantage Fund : NFO

by khalid on 27/09/2010 · 0 comments

Reliance Mutual Fund is the top mutual funds investment companies in India offers wide portfolio of the best mutual funds. The company has launched a New Fund Offer (NFO) named as Reliance Arbitrage Advantage Fund. This is an open ended growth scheme. The objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 24 September and closes on 8th October 2010.

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

The fund seeks to collect a minimum subscription amount of Rs 10 crore under the scheme during the NFO period. Mr. Krishan Daga is the Fund Manager of the plan.

Entry load : NIL
Exit load : 1% if redeemed/switched out on or before completion of 1 yrs from the date of allotment.

Fund NameReliance Mutual Fund
Scheme Name Reliance Arbitrage Advantage Fund
Scheme CategoryOpen Ended (Groath)
NFO Launch Date24th Sep 2010
NFO Closure Date8th Oct 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website : www.reliancemutual.com

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