The Hindu Business Line : Reliance Capital all-sector fund awaits SEBI nod

RELIANCE Capital mutual fund has filed its offer document for launching an all sector equity fund. This open-ended fund would invest 75-100 per cent of its corpus in equity and equity-related instruments and up to 25 per cent in debt and money market instruments, according to the offer document.

The fund will invest in corporates belonging to sectors where India's strong inherent potential is becoming increasingly visible to the world, sectors that are the driver of our economy, sectors whose fundamental and future growth is influenced by ongoing economic reforms, inflows of FDI and infrastructure changes, says the offer document.

The minimum application amount is Rs 5,000 and there will be no entry load during the IPO. An exit load of 1 per cent would be levied for redemptions before six months from the date of allotment for subscribers to the IPO.

The fund offers growth, bonus and dividend options.

The scheme is currently awaiting clearance from the Securities and Exchange Board of India.

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