Monday, December 23, 2013

Reliance Equity Fund renamed to Reliance Focused Large Cap Fund

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Reliance Mutual Fund has proposed to rename the Reliance Equity Fund to Reliance Focused Large Cap Fund with effect from January 22, 2014. Following the change, the scheme will be able to invest in up to 25 companies belonging to the Top 100 companies by market cap. The existing allocation pattern of the scheme allowed it to invest equity securities of Top 100 companies.

 

Existing investors, who do not wish to continue with the scheme, in view of the proposed change can exit from the scheme between December 23, 2013 and January 21, 2014.

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