Reliance MF plans to launch Reliance Infrastructure Fund and it is a 36-Months close-ended diversified equity fund with an automatic conversion into an open-ended scheme on expiry of 36-months from the date of allotment. The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world and the secondary objective is to generate consistent returns by investing in debt and money market securities.
The fund would invest 65% - 100 % in equity and equity related instruments of domestic companies including derivatives. It will also invest 0% - 35% in foreign securities which includes ADRs/GDRs issued by Indian companies, equity of overseas companies listed on recognized stock exchanges overseas, units/securities issued by overseas mutual funds or unit trusts which invest in the aforesaid securities and are registered with overseas regulators and Overseas exchange traded funds (ETFs) which invest predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors.
At least 65% of investment in domestic securities as well as 35% of investment required in foreign securities would be made in equity /equity related instruments of companies engaged in infrastructure sectors and infrastructure related sectors. The fund would invest 0% - 35% in debt and money market instruments. The investment in securitised debt may be made to the extent of 30% of net assets of the scheme.
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