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Reliance Equity Advantage Fund

February 10th, 2007

Reliance Mutual Fund has recently filed draft offer document for its open-ended Diversified Equity Scheme called Reliance Equity Advantage Fund.

The Investment objective of this fund is as follows: The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio predominately of equity & equity related instruments with investments generally in S & P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities.

The minimum application amount for the retail plan is Rs 5,000/- per plan per option and in multiples of Re. 1 thereafter. There is an entry-load for the scheme during NFO and in continuous offer (including SIP)s as follows: Entry Load: 2.25% and Exit Load: 1% if redeemed/switched on or before 6 months from the date of allotment; 0.5% if redeemed/switched between 6 months & before completion of 1 year from the date of allotment.

Entry Filed under: Equities, Mutual Funds, Reliance MF, Equity Advantage Funds