Reliance Mutual Fund has launched a new fund as Reliance Capital Builder Fund II - Series B, a close ended equity oriented scheme with the duration of 3 years from the date of allotment. The investment objective of the scheme is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities. Although, the objective of the Fund is to generate optimal returns, the objective may or may not be achieved.
The new fund offer (NFO) the will be open for subscription from January 09 to January 23, 2015. The new fund offer cheme will offer price for the scheme is Rs 10 per unit.
The scheme offers two options viz. growth, dividend payout option, direct plan – growth option and direct plan – dividend payout option.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme will allocate 80%-100% of assets in diversified equity & equity related instruments with medium to high risk profile and invest upto 20% of assets in debt and money market instruments with low to medium risk profile.
The entry and exit load is nil.
The benchmark Index for the scheme is S&P BSE 200 Index.
The fund managers of the scheme are Samir Rachh and Jahnvee Shah (Fund manager-overseas investments)
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