Arbitrage Advantage Fund and for this it has filed offer document with Sebi to launch Reliance Arbitrage Advantage Fund. The face value of the new issue will be Rs 10 per unit. The primary investment objective of the scheme is to seek to generate capital appreciation to the investors by using the equity derivative strategies as well as arbitrage opportunities and pure equity investments and the secondary objective is to provide income distribution to the investors by investing the balance in debt as well as money market instruments.
Investment option: The scheme shall have Retail and Institutional Plans. Both the above plans will have growth plan & dividend plan.
The growth Plan will have Growth Option and the Dividend Plan will have Dividend Payout Option & Dividend Reinvestment Option.
The minimum Application Amount: (During NFO and Continuous Offer Period) under the retail Plan: Rs 5000 and in multiples of Re. 1 thereafter.
Under the Institutional Plan: Rs. 1 crore in multiples of Re. 1 thereafter. The scheme seeks to collect a minimum subscription amount of Rs 1 crore during NFO period.
Investment option: The scheme shall have Retail and Institutional Plans. Both the above plans will have growth plan & dividend plan.
The growth Plan will have Growth Option and the Dividend Plan will have Dividend Payout Option & Dividend Reinvestment Option.
The minimum Application Amount: (During NFO and Continuous Offer Period) under the retail Plan: Rs 5000 and in multiples of Re. 1 thereafter.
Under the Institutional Plan: Rs. 1 crore in multiples of Re. 1 thereafter. The scheme seeks to collect a minimum subscription amount of Rs 1 crore during NFO period.
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