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Reliance Mutual Fund files offer document for Passive Flexicap Fund

Reliance Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Reliance Passive Flexicap Fund'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty 500 TRI. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to seek to long term capital growth by investing in units of ETFs/Index Funds of Reliance Mutual Fund.

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