Reliance Infrastructure fund NFO from 25th May
Reliance is to launch Infrastructure Fund, an open-ended equity scheme, from 25th May, 2009. Infrastructure specific funds are good option to invest these days as reality industry is on the rising. (Read which is the best mutual fund for more details). Reliance Any Time Money card will be issued to investors subscribing through self cheque. The offer will continue till 23rd June, 09.
Investment Pattern :
Equity and Equity related Instruments - 65% - 100%.
Debt and Money Market Instruments - Upto 35%.
Minimum Investment:
For Retail Plan: Rs 5,000/-
For Institutional Plan: Rs 5, 00, 00,000/-
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 companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Entry Load:
For subscription below Rs. 2 Crs - 2.25%
For subscription of Rs 2 Crs & above and below Rs 5 Crs - 1.25%
For subscription of Rs 5 Crs and above- Nil
Exit Load: For subscriptions of less than Rs 5 Crs per purchase transactions
1% if redeemed/switched on or before completion of 1 year from the date of allotment
Nil if redeemed/switched after completion of 1 year from the date of allotment
For subscriptions of more than Rs 5 Crs - nil
Reliance Infrastructure Fund Form
To invest and download forms, visit www.moneyvriksh.com/mutualfunds
or get mutual fund forms home delivered with your details pre-filled
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best fund, infrastrucure, invest, Mutual Fund, new schemes, nfo
How good is this fund?
I highly recommend this fund. Infrastructure sector can give high returns in next 2 years.
Disclaimer: Mutual Funds are subjected to market risk. Read the offer document carefully before inveting.
i strongly recomend this fund bcoz, a stable govt has formed in centre. infrastructure will be the major beneficiary among others.
No Mutual fund is good untill and unless it is fully subscribed and unless it has a verry low financial debt in the debt market.As you see this company is claming 35% debt from the open market so it means the company needs to have more infrastructure projects with them if they dont have any Infra projects in their hands their liability will increase so will be the debt money.I know people just invest by the name of the Big Corporates but untill and unless you dont have a clear picture of their projects investment in such companies is not with a huge amount of profits as reliance has a policy if one of their company is not functioning well they borrow the money from their other company projects and once it met all their credit debts the company doesnt give a good return on it.
Just wanted to confirm the end date of the fund is mentioned 23 june. please confirm whether I can apply for the fund now or not.
Sorry Vishal… It’s too late now. Still, there’s a bleak chance if you are from Delhi. Call our Mutual Fun Helpline Number- 9910311120
If you missed this no problem you may go for SBI MFSC contra fund
Nitin,
We think that the alternative of Reliance Infrastructure fund is ICICI Prudential infrastructure fund. The fund has been performing well.
SBI contra is good for longer term
I want to the current NAV of Reliance Mutual Fund…..
Dear Abhra,
You can download latest NAV from http://www.moneyvriksh.com/pdf/latestnav.pdf
But, I think you are looking for Reliance Infrastructure Fund NAV. The Fund will be out in the open market on 23rd July. The very first NAV of the fund will be declared then. However, you will get units on Rs. 10 per unit (plus entry load) only.
Do visit the above link on 23rd. We will personally mail you the NAV
Till then enjoy surfing the site.
Let your money grow
The Fund is good, but it is better if you invest through sips for maximum benefit
when this fund will get open in market
Dear Ambar,
The fund is already listed in open market. If you want to purchase this fund, you may call 9910311120 or visit here
The fund is good for long term