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New Fund Offer : Reliance Retirement Fund
January 30, 2015

NFO Update from Reliance Mutual Fund

Author : iFAST Content Team


Reliance Mutual Fund has launched a New Fund Offer (NFO) – Reliance Retirement Fund. It is an open-ended notified tax savings cum pension scheme which will aim to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.

The fund has two schemes that is Wealth Creation Scheme and the Income Generation Scheme. The anticipated asset allocation in these two schemes would be as follows.

Reliance Retirement Fund – Wealth Creation Scheme

Instruments % of Total Assets
Minimum  Maximum
Diversified Equities and equity related securities  65% 100%
Debt and Money market securities 0% 35%

Reliance Retirement Fund – Income Generation Scheme

Instruments % of Total Assets
Minimum  Maximum
Diversified Equities and equity related securities  5% 30%
Debt and Money market securities 70% 95%

The NFO is now open for subscription and will close on February 5, 2015. The scheme will be managed by Sanjay Parekh and Anju Chajjer. The Benchmarks for the Wealth Creation Scheme and Income Generation scheme will be S&P BSE 100 and CRISIL MIP Blended Index respectively.

Note to investors: Investment made in the scheme will qualify for a deduction from Gross Total Income up to Rs.150,000/- in a Financial Year (along with other prescribed investments) under section 80C of the Act.



Disclaimer: iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's scheme information document including statement of additional information. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer on the website.Please read our disclaimer in the website.

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