Reliance MF launches Reliance US Equity Opportunities Fund

Reliance Mutual Fund launches Reliance US Equity Opportunities Fund, an open ended diversified equity scheme with the objective to provide long term capital appreciation to investors by investing in equity and equity related securities of companies listed on recognized stock exchanges in the US.

July 10, 2015 / 12:30 PM IST

Reliance Mutual Fund has launched a new fund as Reliance US Equity Opportunities Fund, an open ended diversified equity scheme. The primary investment objective of the scheme is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities of companies listed on recognized stock exchanges in the US and the secondary objective is to generate consistent returns by investing in debt and money market securities in India.


The new fund offer (NFO) open for subscription from July 03 to July 17, 2015. During the new fund offer period the scheme will offer units at Rs 10 per unit.


The scheme offers growth plan and dividend plan (having dividend payout option & dividend re-investment option).


The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.


Entry load: Not applicable.

Close

Exit load: 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units and nil if redeemed or switched out after the completion of 1 year from the date of allotment of units


The scheme shall invest 80-100% in equity and equity related instruments listed on the recognized stock exchanges in the US with medium to high risk profile and up to 20% in fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits in India with low to medium risk profile.


The benchmark Index for the scheme is S&P 500 Index.

The fund managers of the scheme will be Jahnvee Shah and Anju Chajjer.

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark