The fund, according to the AMC, is designed to deliver FD-plus returns with low volatility, combining equity, debt and derivatives.
This would be the country's first non-cyclical index fund and the NFO is expected to go live in the first week of May, the company said in a statement.
With positive net flows into equity schemes for six months in a row, stocks of 3 listed AMCs and CAMS remain in focus
Despite a pick-up in AUM and higher equity contribution, yields remained under pressure during the quarter
The company claimed that this is one of the biggest amounts raised through a new fund offer (NFO) during the pandemic.
The money was collected under Reliance Capital Builder Fund II's Series B scheme through a New Fund Offer (NFO) from January 9 till January 23, 2015.
The Cabinet today approved the setting up of a CPSE Exchange Traded Fund (ETF) which is expected to speed up disinvestment programme, check volatility in share price movement and encourage retail participation.