Reliance Mutual Fund seeks SEBI approval for capital protection fund

Reliance Is The World’s Costliest Energy Stock To Own

Reliance Mutual Fund has sought the Securities and Exchange Board of India’s approval to launch Reliance Capital Protection Oriented Fund-I (Plan A-Plan B), based on the draft supply doc on SEBI’s web site.

Both plans will supply three tenures every. The close-ended plan (Tenure 1), with a tenure of 12 months and as much as 13 months, will deploy 90-95 % in debt and cash market devices and 5-10 % in fairness and fairness associated devices.

The second plan (Tenure 2), with a tenure of 13 months 1 day and as much as 37 months, will make investments 65-95 % in debt devices, as much as 30 % in cash market devices and 5-20 % in fairness and fairness associated devices.

The third plan (Tenure 3), with a tenure of greater than 37 months and as much as 61 months, will allocate 70-95 % in debt devices and as much as 25 % in cash market devices and 5-30 % in fairness and fairness associated devices.

Other options:
* Plans: Direct and common
* Options: Growth and dividend
* Minimum utility: Rs 5,000 and in multiples of 1 rupee thereafter
* Exit load: Nil
* Performance benchmark:
    Tenure 1 – 95% Crisil Short Term Bond Fund Index and 5% Nifty 50
Tenure 2 – 85% Crisil Short Term Bond Fund Index and 15% Nifty 50
    Tenure 3 – 80% Crisil Composite Bond Fund Index and 20% Nifty 50* Fund managers: Sanjay Parekh and Anju Chhajer

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