Reliance MF garners Rs. 5660 crore through its Natural Resources Fund

Reliance Mutual Fund has collected Rs 5,660 crore, the second highest collection by Reliance Capital AMC, through its Reliance Natural Resources Fund during its initial offer period from 1 January to 30 January 2008. Reliance Natural Resource fund is an open-ended equity diversified scheme. The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in companies principally engaged in the discovery, development, production, or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Reliance Natural Resource fund offers growth and dividend plan. The dividend option will have dividend payout and dividend reinvestment.

The fund retains the ability to invest globally in the above sectors but would limit its exposure to a maximum of 35% of the entire corpus. The scheme will invest 65%-100% in equity and equity related securities of companies principally engaged in the discovery, development, production, or distribution of natural resources. The investment in domestic companies will be 65% -100% whereas the investment in foreign securities would be 0%-35%. Investment in domestic debt, money market instruments will be 0%-35% including investment in securitised debt up to 35% of the net assets.

The fund would be managed by Sunil Singhania, Ashwani Kumar and Sailesh Raj Bhan.

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