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.
The minimum initial subscription amount, additional subscription amount and load structure under both retail and institutional plans shall be as follows:
Reliance Diversified Power Sector Fund
| Plans | Retail plan | Institutional plan |
| Minimum initial subscription amount | Rs 5000 in multiples of Re 1 thereafter | Rs 5 crore in multiples of Re 1 thereafter |
| Minimum additional subscription amount | Rs 1000 in multiples of Re 1 thereafter | Rs 1 lakh in multiples of Re 1 thereafter |
| Load structure | Entry load: For subscription below Rs 2 crore - 2.25%, For subscription of Rs 2 crore and below Rs 5 crore- 1.25% and For subscription of Rs 5 crore and above- Nil Exit load: Nil | Entry load: Nil Exit load: Nil |
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