Reliance infrastructure mutual fund

Anil Dhirubhai Ambani group-controlled Reliance Mutual Fund, which is one of the big mutual fund houses of India, has launched its latest New Fund Offer (NFO), called Reliance Infrastructure Fund. This is an open-ended equity fund that will invest significantly in equity and equity-related instruments of companies engaged in infrastructure and infrastructure-related sectors such as transport, banks and financial institutions, energy, power and oil, metals and minerals, telecom and urban infrastructure. This NFO is closing on 23rd June 2009.

The Reliance Infrastructure Mutual Fund will primarily invest at least 65% of its assets invested in shares of infrastructure companies in India, whereas the balance will be invested in debt and money markets.

The new scheme offers two plans-Retail and Institutional. Each plan has a growth (growth option and bonus option) and dividend plan option (dividend payout option and dividend reinvestment option). The minimum investment in the fund would be Rs 5000/- and in multiples of Re1/- thereafter for Retail plan and Rs 5,00,00,000/- and in multiples of Re1/- thereafter for Institutional plan.

Mr. Sunil Singhania is the fund manager. He is a B.Com, CFA and has 11 years of experience in the capital markets.

The scheme would provide investors opportunity to buy or sell units on an ongoing basis from not later than 30 days after the close of the NFO on June 23.

For Further Detail please refer the following link: www.reliancemutual.com