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Reliance Mutual Fund files offer document for ETF Sensex Next 50

Reliance Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Reliance ETF Sensex Next 50'. 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 S&P BSE SENSEX Next 50 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 provide investment returns closely corresponding to the total returns of the securities as represented by the S&P BSE SENSEX Next 50 Index before expenses, subject to tracking errors.

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