Reliance Mutual Fund has decided to rename Reliance Equity Advantage Fund as Reliance Top 200 Fund with effect from 26 August 2011. Accordingly, the investment objective, benchmark index and asset allocation pattern of the scheme will be altered.
Investment Objective: The primary investment objective of the scheme is to seek to generate long term capital appreciation by investing in equity and equity related instruments of companies whose market capitalization is within the range of highest and lowest market capitalization of BSE 200 Index. The secondary objective is to generate consistent returns by investing in debt and money market securities.
Benchmark Index: BSE 200
Asset Allocation Pattern: The scheme will have a revised asset allocation pattern to invest 65% to 100% of assets in equity and equity related instruments with medium to high risk profile. On the other side it would allocate upto 30% of assets in debt instruments and money market instruments (including investments in securitized debt) with low to medium risk profile.
Unit holders of the scheme are being provided with an option to exit the scheme at the prevailing NAV without any exit load. The option to exit without payment of exit load will be valid from 27 July 2011 upto 25 August 2011.
Source: http://www.adityabirlamoney.com/news/492531/10/22,24/Mutual-Funds-Reports/Reliance-Equity-Advantage-Fund-to-be-Renamed-as-Reliance-Top-200-Fund
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