Reliance Index Fund – Nifty Plan : NFO

by khalid on 23/09/2010 · 0 comments

Reliance Mutual Fund has launched a New Fund Offer (NFO) named as Reliance Index Fund – Nifty Plan. This is an open ended groath fund . replicate the composition of the Nifty, with a view to generate returns that are commensurate with the performance of the Nifty, subject to tracking errors. The tracking error is the difference in the returns generated by the underlying index and the returns generated by the index fund.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Krishan Daga is the Fund Manager of the plan. 95% to 100% – Stocks & Derivatives in the respective index specific stocks and derivatives. Rest 0-5% in domestic debt and money market instruments or cash

Entry Load : NIL
Exit Load : 1% of the applicable NAV if redeemed or switched out on or before completion of 1 year from the date of allotment of units, NIL thereafter.

Fund NameReliance Mutual Fund
Scheme Name Reliance Index Fund - SNifty Plan
Scheme CategoryOpen Ended (Groath)
NFO Launch Date9ht Sep 2010
NFO Closure Date23rd Sep 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website www.reliancemutual.com

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