| Reliance Mutual Fund has decided to change certain features of Reliance ETF Liquid BeES (formerly R*Shares Liquid BeES) on prospective basis, with effect from 30 October 2017.
Accordingly, the proposed changes are:
Investment objective:
The investment objective of the Scheme is to seek to provide current income, commensurate with relatively low risk while providing a high level of liquidity through a portfolio of Collateralised Lending & Borrowing Obligation (CBLO)/ Repos and Reverse Repo. The scheme will provide returns that before expenses, closely correspond to the return of Nifty ID Rate Index.
Benchmark Index: Nifty ID Rate Index
Asset Allocation:
The scheme will invest 95%-100% of assets in CBLO / Repos and Reverse Repo and invest upto 5% of assets in other money market instruments (including cash & cash equivalent) with low risk profile.
Existing investors have an option to exit without payment of exit load between 28 September 2017 and 27 October 2017.
|