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Reliance Mutual Fund
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Contents
- 1 Reliance FHF XXXVII Series 1 NFO period extended
- 2 Vinay Sharma to be new fund manger for Reliance Banking Fund
- 3 Investing from Reliance Mutual Fund Official Website
- 4 Benchmark change for two schemes
- 5 Reliance Mutual Fund renames some of its schemes
- 6 Reliance Focused Large Cap Fund merged with Reliance Mid & Small Cap Fund
- 7 Limits subscription in Reliance Small Cap Fund
- 8 Minimum Redemption Amount
- 9 Dividend in Reliance Equity Savings Fund
- 10 Related Topics
- 11 Related Lessons
Reliance FHF XXXVII Series 1 NFO period extended
April 11, 2018
Reliance Mutual Fund has decided to extended the closing date of the New Fund Offer (NFO) period for its scheme - Reliance FHF XXXVII Series 1.
The closing date is changed from April 12, 2018 to April 23, 2018.
Vinay Sharma to be new fund manger for Reliance Banking Fund
April 5, 2018
Reliance Banking Fund will have Vinay Sharma in place of Sanjay Parekh as its fund manager. This change will be effective April 09, 2018.
As of February 2018, the scheme has an AUM of Rs 2,942.17 cr.
Investing from Reliance Mutual Fund Official Website
- If you are fresh investor and want to invest in any Reliance MF Scheme for the first time, visit https://investeasy.reliancemutual.com/Online/
- Look for the section called INVEST WITHOUT LOGIN / First Time Investor and enter your PAN card in the text box. Click on Submit button to get started.
- If you are an already having any Reliance MF Scheme but do not have a Reliance MF login, you can create one at https://investeasy.reliancemutual.com/online/Account/Registration
Benchmark change for two schemes
March 27, 2018
Effective immediate, the benchmark of Reliance Growth Fund is changed from S&P BSE 100 to S&P BSE Midcap. The benchmark of Reliance Banking Fund is changed from Nifty 500 Banks Index to Nifty Bank.
Reliance Mutual Fund renames some of its schemes
Effective April 28, 2018, the following scheme name changes will become effective.
Old / Existing Scheme Name | New Scheme Name |
---|---|
Reliance Diversified Power Sector Fund | Reliance Power & Infra Fund |
Reliance Media & Entertainment Fund | Reliance Consumption Fund |
Reliance NRI Equity Fund | Reliance Balanced Advantage Fund |
Reliance Quant Plus Fund | Reliance Quant Fund |
Reliance Regular Savings Fund - Balanced Option | Reliance Equity Hybrid Fund |
Reliance Regular Savings Fund - Equity Option | Reliance Value Fund |
Reliance Top 200 Fund | Reliance large Cap Fund |
Reliance Focused Large Cap Fund merged with Reliance Mid & Small Cap Fund
In a step to consolidate schemes as per SEBI recommendations, Reliance Mutual Fund has decided to merge its Reliance Focused Large Cap Fund with Reliance Mid & Small Cap Fund.
Merger of schemes is, in one way good because it leads to schemes with fatter AUM and there by less expenses in running the scheme.
However, it is a bit surprising that a Focused Largecap is merged with a Mid & Smallcap Fund.
The effective date of the merger is April 28, 2018.
Limits subscription in Reliance Small Cap Fund
Reliance Mutual Fund, in its Notice cum Addendum No 199, dated March 20, 2018, has put limits on subscriptions in Reliance Small Cap Fund.
The aforesaid limit will be applicable with effect from March 26, 2018, subject to the following conditions:
Fresh/ additional subscriptions/switch-ins will not be allowed/ accepted at any point of time till further notice, from the effective date.
Fresh registrations through Systematic Investment Plan (“SIP”) or Systematic Transfer Plan (“STP”) or such other special product shall continue with each installment being less than or equal to Rs. 1 lakh till further notice.
The aforesaid restriction will not affect SIP or STP or such other special product registered prior to the effective date and the unitholders under Dividend Reinvestment and Payout Option of Direct Plan and other than Direct Plan.
Detailed notice is at https://www.reliancemutual.com/InvestorServices/Addenda/Notice-No-198-199-W16xH3.pdf
Minimum Redemption Amount
Reliance Mutual Fund, in its Notice cum Addendum No 199, dated March 20, 2018, has made a small change in regard to Minimum Redemption Amount.
Existing: Redemptions can be of minimum amount of Rs 100 or any number of units
Revised: Redemptions can be of minimum amount of Rs.100 or any number of units {(except for ‘Redemption by means of Reliance Any Time Money Card (“The Card”)}. Redemption by means of Reliance Any Time Money Card (“The Card”) can be of any amount.
Detailed notice is at https://www.reliancemutual.com/InvestorServices/Addenda/Notice-No-198-199-W16xH3.pdf
Dividend in Reliance Equity Savings Fund
Record date for the dividend is has been fixed as March 26, 2018
- Reliance Equity Savings Direct-D - Rs. 1 per unit
- Reliance Equity Savings-D - Rs. 1 per unit
- Reliance Equity Savings Direct-DM - Rs. 0.08 per unit
- Reliance Equity Savings-DM - Rs. 0.08 per unit
Related Topics
Related Lessons
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- HDFC Mutual Fund
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- Essel Mutual Fund
- ICICI Prudential Mutual Fund
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