Financial Daily from THE HINDU group of publications
Tuesday, Sep 21, 2004
Financial Daily from THE HINDU group of publications Tuesday, Sep 21, 2004 |
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Markets
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Mutual Funds Reliance Mutual launches media, entertainment fund Our Bureau
Mumbai, Sept. 20 RELIANCE Mutual Fund is launching an open-ended equity fund that will invest in scrips in the Indian media and entertainment industry, according to a company press release. Reliance Media and Entertainment Fund would invest in equity or fixed income securities of media and entertainment and other associated companies to tap into the growth potential of this sector, says the press release. The investments will be in segments such as print, television, radio, cinema, outdoor advertising and also emerging genres such as Internet advertising, media portals and companies that provide online content for Internet, mobile, broadband etc. The initial public offer of the fund is open from September 16-27. Minimum application amount is Rs 10,000. There will be no entry or exit load during the IPO, but an entry load of 2 per cent will be charged during the continuous offer, according to the release.
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