Reliance Mutual Fund files offer document for Debt Opportunities Fund (Plan A to Plan E)

Reliance Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme fund as “Reliance Debt Opportunities Fund (Plan A to Plan E)”. The New Fund Offer price is Rs 10 per unit. Entry load charges will be nil for the scheme and exit load for plan A 1% if redeemed or switched out, within or equal to 3 months or residual maturity, whichever is lower, from the date of allotment of units & nil thereafter, For Plan B 1% if redeemed or switched out, within or equal to 1 year or residual maturity, whichever is lower, from the date of allotment of units & nil thereafter, Plan C 1% if redeemed or switched out, within or equal to 2 years or residual maturity, whichever is lower, from the date of allotment of units & nil thereafter, Plan D 1% if redeemed or switched out, within or equal to 3 years or residual maturity, whichever is lower, from the date of allotment of units & nil thereafter, Plan E 1% if redeemed or switched out, within or equal to 4 years or residual maturity, whichever is lower, from the date of allotment of units & nil thereafter . The Minimum Target Amount of Rs 20 crore. The scheme will be benchmarked against for a plan with tenure* ranging between 90 days to 3 yrs-Crisil Short Term Bond Fund Index, for a plan with tenure ranging between 3 yrs 1 day to 10 yrs-Crisil Composite Bond Fund Index. The minimum application amount is Rs.5000 and in multiples of Rs.10 thereafter. The investment objective of the scheme is to generate income through investments in a range of debt and money market instruments having maturity less than or equal to the residual maturity of the respective plans.