Reliance MF unveils Equity Advantage Fund

Reliance Mutual Fund has rolled out a new equity open-ended scheme Reliance Equity Advantage Fund. The NFO starts on 12 June 2007 and ends on 10 July 2007. The minimum investment for retail plan is Rs. 5000 and in multiples of Re.1 thereafter. The minimum investment for institutional plan is Rs. 5 crore and in multiples of Re.1 thereafter. The issue price is Rs. 10. The scheme has Retail and institutional plans. Each Plan has Growth, Bonus and Dividend Options with Payout & Reinvestment facilities.

The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio predominately of equity & equity related instruments with investments generally in S & P CNX Nifty stocks and the secondary, objective is to generate consistent returns by investing in debt and money market securities.