Reliance MF files for a new fund

Our Bureau Chennai | Updated on July 13, 2018 Published on July 12, 2018

Reliance Mutual Fund on Thursday filed draft paper with market regulator Securities and Exchange Board of India for Reliance Junior BeES FoF. The open-ended fund of funds scheme will invest up to 90 per cent of the corpus in units issued by Reliance ETF Junior BeES, and the remaining in reverse repo, collateralised borrowing and lending obligations, short-term fixed deposits, and schemes which invest predominantly in money market securities or liquid schemes. The minimum application amount is ₹5,000 and in multiples of one rupee thereafter. The performance benchmark index for Reliance Junior BeES FoF is Nifty Next 50 Index.

Published on July 12, 2018
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