Reliance MF introduces institutional plan

Reliance mutual fund has approved the introduction of institutional plan under Reliance Diversified Power sector Fund, an open-ended diversified power sector scheme of Reliance mutual fund, with effect from 14 February 2008; herein the minimum amount of initial investment shall be Rs 5 crore. Institutional plan shall have the same common portfolio, investment objective and asset allocation pattern as that of existing scheme, but will have different expense structure as shown in the table. Consequently, the initial investment below Rs 5 crore in the scheme, wherein the minimum subscription amount is Rs 5000 shall be brought under retail plan with the existing expense structure remaining unchanged. Reliance Diversified Power sector Fund will have retail and an institutional plan and each of these plans will have the existing growth plan with growth and bonus option and dividend plan with dividend payout and reinvestment options.

Categories: Mutual Funds, Power, Reliance