Four schemes of Reliance Mutual Fund--Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund Reliance Strategic Debt Fund--had investment in NCDs of Reliance Home Finance.
Reliance Nippon Life AMC (RNAM) has received the payment from DHFL securities, and RNAM will pay proportionately to all the unit holders of FMPs maturing on June 6 in the next two working days.
Six fund houses chose a standstill agreement with Subhash Chandra promoted Essel group, for which the rescheduled repayment debt is now slated in September 2019.
RNAM is a joint venture between Anil Ambani-led Reliance Capital and Japan's Nippon Life Insurance Co Ltd.
If market grapevine is to be believed, then Vyapak may join Yes Mutual Fund.
Earlier the minimum investment was Rs 1,000 and in multiples of one rupee
Reliance Dynamic Bond Fund will be benchmarked against CRISIL Dynamic Debt Index instead of CRISIL Composite Bond Fund Index
Both plans will offer three tenures each
Gupta will be appointed as additional fund manager of Reliance Equity Savings Fund
The open-ended fund of funds scheme will deploy up to 90 percent of its assets in units issued by Reliance ETF Junior BeES
The fund invests in government securities and you can gain from the falling interest rates, if you hold till maturity, for 25-30 years. The Reliance Nivesh Lakshya has no minimum lock-in period, which is helpful in case you want to withdraw your money in the event of an emergency.
This scheme aims to capture the prevailing long-term yields by investing in 25 to 30 years Government Securities (G-Sec) for attaining long-term goals for investors.
Unit holders of the scheme who wish to avail the facility may send their written consent on or before June 13
The open-ended index exchange traded fund will deploy 95 percent of its assets in securities constituting Nifty Midcap 150 Index.
Desai will replace Jahnvee Shah, who will now be the co-fund manager for Reliance Consumption Fund
According to market grapevine, Sharma may oversee Reliance Banking Fund along with other funds.
This kiosk will enable existing investors to update their details, print their account statement and complete their CKYC.
Bhargava replaces Shrey Loonker, Fund Manager-Equity Investments who resigned from Sep 15
Series A – Series E will have tenure of 18 months to 60 months from the date of allotment