Revision Of Exit Load Structure Under Reliance Quant Plus Fund (17-Aug-2010)
Reliance Mutual Fund has decided to revise the exit load structure under retail and institutional plan of Reliance Quant Plus Fund, an open-ended equity scheme. The change will be effective from August 16, 2010.
Accordingly, the revised exit load charge will be 1% of the applicable NAV if redeemed or switched out on or before completion of 1 year from the date of allotment of units. There shall be no exit load after completion of 1 year from the date of allotment of units. The change in exit load shall be applicable on a prospective basis to all the transactions including Systematic Investment Plan and Systematic Transfer Plan where registrations / enrolments have been done on or after effective date.
The investment objective of the scheme is to generate capital appreciation through investment in equity and equity related instruments. The scheme will seek to generate capital appreciation by investing in an active portfolio of stocks selected from S&P CNX Nifty on the basis of a mathematical model.
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