Thursday, August 1, 2013
Merger of Reliance Natural Resources Fund with Reliance Vision Fund
Reliance Natural Resources Fund is getting merged with Reliance Vision Fund effective September 7, 2013.
Reliance Vision Fund will change few of fundamental attributes slightly. Post-merger, the scheme can invest 65-100 per cent of its assets in equity related instruments, against previous 60-100 per cent. Debt and money market instruments can comprise 0-35 per cent share against previous 0-30 per cent.
Reliance Natural Resources Fund was launched in January 2008 and till date it has given negative returns it was amongst few of the worst performing funds from Reliance Mutual Fund. The fund was launched at a time when markets were at peak but this fund has always been an under performer and has less returns then the benchmarks and has been a laggard in its peer group.
at 2:01 PM