Reliance Mutual Fund has announced that with effect from May 21, 2010, the following changes will take place in Reliance Banking Fund, an open ended banking sector scheme.
Revised: Definition of banking sector: Banking sector includes all companies as defined in the Banking Regulations Act, 1949 and the RBI Act, 1934 as amended from time to time. Investment objective: The primary investment objective of the scheme is to seek to generate continuous returns by actively investing in equity and equity related or fixed income securities of companies in banking sector.
Revised: Definition of banking sector: Banking sector includes all companies as defined in the Banking Regulations Act, 1949 and the RBI Act, 1934 as amended from time to time. Investment objective: The primary investment objective of the scheme is to seek to generate continuous returns by actively investing in equity and equity related or fixed income securities of companies in banking sector.
Source: http://www.karvymfs.com/
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