Reliance Equity Advantage Fund -NFO

Reliance Equity Advantage Fund :

Snapshot :

Scheme:
Open-ended, diversified equityObjective: Generate capital appreciation, long-term growth and consistent returns by investing in the 50 stocks of S&P CNX Nifty, debt and money market securities.

Asset allocation: Equity: 70% - 100% / Debt and money market securities: 0%-30%

Fund opened: June 12, 2007

Fund closes: July 10, 2007

Face Value: Rs 10

Plans: Retail, Institutional

Options: Growth, Bonus, Dividend Option with re-investment and payout facility

Minimum investment amount: Rs 5,000 (retail), Rs 5 crore (institutional)

Fund Managers: Ashwani Kumar, Shailesh Raj Bhan

Benchmark: S&P CNX Nifty Index

Entry load : 2.25 %

Exit load : 1 % , if redeemed before6 months , 0.5 % , if redeemed between 6-12 months .

We will post our review on 24th June 2007 .

Check our weekly updates and views on every sunday in This blog , apart from our views /analysis , we have provided articles from other media sources for daily information in mutual funds market .

We wish you , will make this blog also as successful as you all had did for our iponews & ipoplus blogs .

Cheers ,
Srinivasan.P