Reliance Mutual Fund has announced the launch of Reliance Infrastructure Fund, investing predominantly in companies engaged in infrastructure and infrastructure-realed sectors in the country.
Reliance Infrastructure Fund is an open-ended equity fund with the primary investment objective of generating long-term capital appreciation will invest significantly in equity and equity-related instruments of companies engaged in infrastructure and infrastructure related sectors such as transport, banks and financial institutions, metals and minerals, telecom and urban infrastructure amongst others.
The minimum investment in the fund would be Rs5000/- and in multiples of Re1/- thereafter for Retail plan and Rs5,00,00,000/- and in multiples of Re1/- thereafter for Institutional plan.
The fund will invest atleast 65% of its assets in engineering, cement and power stocks as well as banks, whereas the rest will be invested in debt and money markets.
The scheme would provide investors opportunity to buy or sell units on ongoing basis from not later than 30 days after the close of the new fund offer on June 23, 2009.
Reliance Infrastructure Fund is an open-ended equity fund with the primary investment objective of generating long-term capital appreciation will invest significantly in equity and equity-related instruments of companies engaged in infrastructure and infrastructure related sectors such as transport, banks and financial institutions, metals and minerals, telecom and urban infrastructure amongst others.
The minimum investment in the fund would be Rs5000/- and in multiples of Re1/- thereafter for Retail plan and Rs5,00,00,000/- and in multiples of Re1/- thereafter for Institutional plan.
The fund will invest atleast 65% of its assets in engineering, cement and power stocks as well as banks, whereas the rest will be invested in debt and money markets.
The scheme would provide investors opportunity to buy or sell units on ongoing basis from not later than 30 days after the close of the new fund offer on June 23, 2009.
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