Reliance Mutual Fund files offer document with Sebi to launch Reliance Indonesia Opportunities Fund, an open ended diversified equity scheme. The New Fund Offer price is Rs. 10 per unit.
Investment objective: The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of Indonesian and Indian markets and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Plans/Options offered: The scheme shall have Growth Plan & Dividend Plan. Each Plan will have:
a) Growth Plan
a. Growth Option
b. Bonus Option
b) Dividend Plan
a. Dividend Payout Option
b. Dividend Reinvestment Option
Benchmark: A custom benchmark created using the MSCI Indonesia Index to the extent of 65% of portfolio and BSE 200 Index for balance 35% of the portfolio.
Loads: Entry load: Nil
Exit load: 1% if redeemed/switched on or before completion of 1 year from the date of allotment of units. Nil if redeemed/switched after completion of 1 year from the date of allotment of units.
Minimum Application Amount: Rs. 5000 and in multiples of Re. 1 thereafter
Minimum Target Amount: Rs. 1 crore.
Asset Allocation:
The scheme will invest 65%-100% in equities and equity related securities:
• 65%-100% in Equities and equity related securities of Indonesian Companies (Includes ADRs/GDRs issued by Indian companies or foreign companies, equity of overseas companies listed on recognized stock exchanges of Indonesia, units/securities issued by overseas mutual funds or unit trusts which are registered with Indonesian regulators and overseas exchange traded funds (ETFs) which are listed on recognized stock exchanges of Indonesia and are permitted by SEBI/RBI from time to time. The fund will also invest in initial and follow on public offerings to be listed on recognized stock exchanges of Indonesia.) (as permitted by SEBI/RBI from time to time)
• Upto 35% in equities and equity related securities of Indian Companies (Includes investments in ADRr/GDRs issued by Indian and Foreign Companies. The fund will also invest in Pre IPO Placement, lock-in non transferable securities and upto 5% or max permissible limit in Unlisted Securities)
The scheme shall also invest upto 35% in debt and money market securities.
Fund Managers: Shiv Chanani (Fund Manager -Overseas Investments) and Ashwani Kumar
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'I made my money by selling too soon.'
Website: http://indianmutualfund.co.cc/
Blog:http://indianmutualfund.wordpress.com/
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