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Difference between revisions of "Reliance Mutual Fund"

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*If you are an already having any Reliance MF Scheme but do not have a Reliance MF login, you can create one at https://investeasy.reliancemutual.com/online/Account/Registration
 
*If you are an already having any Reliance MF Scheme but do not have a Reliance MF login, you can create one at https://investeasy.reliancemutual.com/online/Account/Registration
  
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==Benchmark change for two schemes==
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March 27, 2018
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Effective immediate, the benchmark of Reliance Growth Fund is changed from S&P BSE 100 to S&P BSE Midcap. The benchmark of Reliance Banking Fund is changed from Nifty 500 Banks Index to Nifty Bank.
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{{GAS}}
  
 
==Reliance Mutual Fund renames some of its schemes==
 
==Reliance Mutual Fund renames some of its schemes==
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Detailed notice is at https://www.reliancemutual.com/InvestorServices/Addenda/Notice-No-198-199-W16xH3.pdf
 
Detailed notice is at https://www.reliancemutual.com/InvestorServices/Addenda/Notice-No-198-199-W16xH3.pdf
 
{{GAS}}
 
  
 
==Dividend in Reliance Equity Savings Fund==
 
==Dividend in Reliance Equity Savings Fund==

Revision as of 20:12, 27 March 2018

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Investing from Reliance Mutual Fund Official Website

Benchmark change for two schemes

March 27, 2018

Effective immediate, the benchmark of Reliance Growth Fund is changed from S&P BSE 100 to S&P BSE Midcap. The benchmark of Reliance Banking Fund is changed from Nifty 500 Banks Index to Nifty Bank.

Reliance Mutual Fund renames some of its schemes

Effective April 28, 2018, the following scheme name changes will become effective.

Old / Existing Scheme Name New Scheme Name
Reliance Diversified Power Sector Fund Reliance Power & Infra Fund
Reliance Media & Entertainment Fund Reliance Consumption Fund
Reliance NRI Equity Fund Reliance Balanced Advantage Fund
Reliance Quant Plus Fund Reliance Quant Fund
Reliance Regular Savings Fund - Balanced Option Reliance Equity Hybrid Fund
Reliance Regular Savings Fund - Equity Option Reliance Value Fund
Reliance Top 200 Fund Reliance large Cap Fund

Reliance Focused Large Cap Fund merged with Reliance Mid & Small Cap Fund

In a step to consolidate schemes as per SEBI recommendations, Reliance Mutual Fund has decided to merge its Reliance Focused Large Cap Fund with Reliance Mid & Small Cap Fund.

Merger of schemes is, in one way good because it leads to schemes with fatter AUM and there by less expenses in running the scheme.

However, it is a bit surprising that a Focused Largecap is merged with a Mid & Smallcap Fund.

The effective date of the merger is April 28, 2018.

Limits subscription in Reliance Small Cap Fund

Reliance Mutual Fund, in its Notice cum Addendum No 199, dated March 20, 2018, has put limits on subscriptions in Reliance Small Cap Fund.

The aforesaid limit will be applicable with effect from March 26, 2018, subject to the following conditions:

Fresh/ additional subscriptions/switch-ins will not be allowed/ accepted at any point of time till further notice, from the effective date.

Fresh registrations through Systematic Investment Plan (“SIP”) or Systematic Transfer Plan (“STP”) or such other special product shall continue with each installment being less than or equal to Rs. 1 lakh till further notice.

The aforesaid restriction will not affect SIP or STP or such other special product registered prior to the effective date and the unitholders under Dividend Reinvestment and Payout Option of Direct Plan and other than Direct Plan.

Detailed notice is at https://www.reliancemutual.com/InvestorServices/Addenda/Notice-No-198-199-W16xH3.pdf

Minimum Redemption Amount

Reliance Mutual Fund, in its Notice cum Addendum No 199, dated March 20, 2018, has made a small change in regard to Minimum Redemption Amount.

Existing: Redemptions can be of minimum amount of Rs 100 or any number of units

Revised: Redemptions can be of minimum amount of Rs.100 or any number of units {(except for ‘Redemption by means of Reliance Any Time Money Card (“The Card”)}. Redemption by means of Reliance Any Time Money Card (“The Card”) can be of any amount.

Detailed notice is at https://www.reliancemutual.com/InvestorServices/Addenda/Notice-No-198-199-W16xH3.pdf

Dividend in Reliance Equity Savings Fund

Record date for the dividend is has been fixed as March 26, 2018

  • Reliance Equity Savings Direct-D - Rs. 1 per unit
  • Reliance Equity Savings-D - Rs. 1 per unit
  • Reliance Equity Savings Direct-DM - Rs. 0.08 per unit
  • Reliance Equity Savings-DM - Rs. 0.08 per unit

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