Reliance Mutual Fund has filed offer document with SEBI to launch Reliance Index Fund- Sensex Plan, which is an open-ended index linked Scheme. The face value of the new issue will be Rs 10 per unit. The primary investment objective of the scheme is to replicate the composition of the Sensex, with a view to generate returns that are commensurate with the performance of the Sensex, subject to tracking errors.
Reliance Index Fund - Sensex Plan will have Growth Plan as well as Dividend Plan. Moreover, the Growth Plan has two options- Growth Option and Bonus Option. Simultaneously the Dividend Plan will have two options of Dividend Payout Option and Dividend Re-investment Option.
The scheme will invest 95-100% in equities and equity related securities covered by the Sensex. However, it will invest up to 5% in Cash/CBLO/Repo & Reverse Repo & Money Market instruments (CPs, CDs, T-Bills, and Mibor linked instruments with daily Put/Call options & overnight Interest rate Reset Linked Instruments), but excluding Subscription and Redemption cash flow.
However, the portion of the Scheme's portfolio invested in each type of security listed above may vary in accordance with economic conditions as well as interest rates, liquidity, and other relevant considerations, including the risks associated with each investment. The Scheme will not invest in securitised papers and in foreign securities.
Reliance Index Fund - Sensex Plan will have Growth Plan as well as Dividend Plan. Moreover, the Growth Plan has two options- Growth Option and Bonus Option. Simultaneously the Dividend Plan will have two options of Dividend Payout Option and Dividend Re-investment Option.
The scheme will invest 95-100% in equities and equity related securities covered by the Sensex. However, it will invest up to 5% in Cash/CBLO/Repo & Reverse Repo & Money Market instruments (CPs, CDs, T-Bills, and Mibor linked instruments with daily Put/Call options & overnight Interest rate Reset Linked Instruments), but excluding Subscription and Redemption cash flow.
However, the portion of the Scheme's portfolio invested in each type of security listed above may vary in accordance with economic conditions as well as interest rates, liquidity, and other relevant considerations, including the risks associated with each investment. The Scheme will not invest in securitised papers and in foreign securities.
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