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Wednesday, Apr 21, 2004

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Reliance MF mops up Rs 415 cr thru power fund

Our Bureau

Mumbai , April 20

RELIANCE Mutual Fund has collected over Rs 415 crore from the initial public offer of the Reliance Diversified Power Sector Fund, according to a company press release. The offer closed on April 15.

The corpus was created from the participation of 65,000 applicants across 76 centres, stated the release. "We are enthused with the collections from the fund and this is specially notable as this is a sectoral fund," said Mr Amitabh Chaturvedi, Chief Executive Officer, Reliance Mutual Fund.

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