Reliance MF launches Equity Opportunities Fund

Reliance MF launched the open-ended fund to provide long-term capital appreciation by investing in stocks across sectors and industries.

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.

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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.