Reliance MF files “R*Shares Consumption Fund”

According to the offer document filed with SEBI, the entry load and exit load was not applicable. The minimum application amount was Rs 5,000 and in multiple of Re 1 thereafter. The performance of the scheme will be standardized against CNX Consumption Index and Krishan Daga will be the fund manager of the scheme.

The asset allocation of scheme will be in such a way that the objective of the scheme to provide investment returns that, before expenses, closely correspond to the total returns of the securities as represented by the CNX Consumption Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved, will be met. However, there can be no assurance or guarantee that the investment objective of the Scheme, will be achieved. Hence, the scheme will allocate 95 to 100 per cent in Securities constituting CNX Dividend Opportunities Index and 0 to 5 per cent in Debt & Money Market instruments including CBLO.