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Reliance Mutual Fund files offer document for Nifty Midcap 150 FOF

Reliance Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Reliance Nifty Midcap 150 FOF'. 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 Midcap 150 Index 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 provide returns that closely correspond to returns provided by Reliance ETF Nifty Midcap 150 by investing in units of Reliance ETF Nifty Midcap 150.

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