Reliance ETF Nifty Midcap 150: New Fund Offer (NFO) of Reliance Mutual Fund named Reliance ETF Nifty Midcap 150 is being issued on 25-January-2019 (one day only).
This fund is an Exchange-Traded Fund (ETF) and it will invest in the Nifty Midcap Companies.
According to Reliance Mutual Fund, this plan is suitable for the investors who are seeking:-
- Long term capital growth, and
- Investment in equity and equity related securities and portfolios replicating the composition of Nifty Midcap 150 Index, subject to tracking errors.
About Reliance ETF Nifty Midcap 150 NFO
| Name of the Scheme | Reliance ETF Nifty Midcap 150 |
|---|---|
| Fund House | Reliance Mutual Fund |
| Scheme Type | Open-Ended |
| Scheme Category | (Index) Exchange-Traded Fund |
| Issue Starts | 25-January-2019 |
| Issue Closes | 25-January-2019 |
| NFO Unit Price | Rs 10 Per Unit |
| Minimum Investment | Rs 5,000 |
| Entry Load | No |
| Exit Load | No |
| Investment Manager | Reliance Nippon Life Asset Management Limited (RNAM) |
| Listing | NSE |
(Read: NFO: New Fund Offer of Mutual Funds)
Investment Objectives
According to the fund house, the investment objectives of the scheme is as follows:-
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap150 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Proposed Asset Allocation of the Scheme
The proposed asset allocation of the scheme is given as follows:
| Instruments | Indicative Allocation (% of total assets) | Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | ||
| Securities constituting Nifty Midcap 150 Index | 95 | 100 | Medium to High |
| Money Market Instruments (with maturity not exceeding 91 days), including Tri-Party Repo, cash & cash equivalents or Liquid Schemes | 0 | 5 | Low to Medium |
About Reliance Mutual Fund
Reliance Mutual Fund is one of India’s leading mutual funds. It was incorporated in the year 1995 with name Reliance Capital Mutual Fund and later the name was changed to Reliance Mutual Fund in the year 2004.
This company is promoted by Reliance Capital which is a leading financial services company in India. It belongs to the Reliance Anil Dhirubhai Ambani Group (ADAG). As on 30 September 2018, the Asset Under Management (AUM) of the company is Rs 2,44,843.44 Crores and it is managing 6.22 lakhs folios.
Address: Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz (East), Mumbai – 400 055.
Tel No. – 022- 33031000.
Website: www.reliancemutual.com
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
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Tags: #NFO #Mutual Fund #New Mutual Fund #Reliance NFO #New Fund Offer #Reliance Mutual Fund
