Reliance MF To Float RNR Fund

Reliance Mutual Fund has launched Reliance Natural Resources Fund. The scheme will open for subscription on 1 January 2008 and close on 30 January 2007. The open-ended equity scheme will invest at least 65% of its corpus in shares of companies engaged in discovery, development, production or distribution of natural resources in the domestic market.

It also has provision to invest up to 35% in foreign securities, especially those listed on the London Stock Exchange, New York Stock Exchange, Toronto Stock Exchange and Australian Stock Exchange.