Reliance MF launches Equity Opportunities Fund
Reliance Mutual Fund has launched an open-ended Equity Opportunities Fund to provide long-term capital appreciation by investing in stocks across sectors and industries of all market capitalisations.
The issue would remain open till March 7 and there would be no entry-load during the initial public offer (IPO).
The minimum application amount for the IPO, which is offered to the public, is Rs 5,000 and in the multiples thereafter, Reliance Mutual Fund said in a release.
The fund is a diversified equity scheme which would try to invest in stocks of companies representing a broad view of the strong Indian growth stories.
It would invest up to 75-100 per cent in equity and equity-related instruments and up to 25 per cent in debt securities and money market instruments with an aim to generate regular income, the release added.
"The fund would seek both value and growth, which are likely to commence from the ongoing structural changes in Government policies, infrastructure spending and continuous global economic reforms which try to integrate different economies across the globe," it said.
Enter your email to get our daily newsletter in your inbox
- At a time when petrol and diesel prices are at an all-time high, and taxes have a bigger component in the retail price than the base price of the fuels, it is worth revisiting the debate
- The ECIR is reportedly based on an FIR filed by the Chennai police under Section 420 of the IPC on the basis of a complaint by the Chennai Financial Markets and Accountability (CFMA), an organisation that fights for investors’ rights.
- Shipments in the December quarter grew at a higher rate of 198% annually with 15.2 million units.
- The companies are also opting for large boxes for storage, with around 400,000-plus sq. ft being the average demand.
- The latest acquisition is Delaporte’s boldest move to spur growth after the company ceded its position as India’s third-largest software services provider to HCL Technologies Ltd.
- The Bengaluru-based online retailer has been weighing a US initial public offering and it’s now also looking at other options, the people said.
- While the base price of petrol is ₹33.26 per litre, it attracts ₹32.90 a litre central excise and ₹21.04 per litre local levies in Delhi.
- As per SBI’s official website, the properties that are included in the auctions are those of defaulters who failed to pay their dues.
- Here’s how you can calculate the EPF interest