Reliance ETF Nifty Midcap 150 – Reliance Mutual Fund NFO

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. 

Reliance ETF Nifty Midcap 150

 

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.

Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.

Tags: #NFO #Mutual Fund #New Mutual Fund #Reliance NFO #New Fund Offer #Reliance Mutual Fund 

Leave a Reply

Your e-mail address will not be published. Required fields are marked *