Reliance Mutual Fund launched new fund offer Reliance Close ended Equity II-Series A, a closed ended scheme. The NFO Opens for subscription on 9 May 2014 & closes on 23 May 2014. No entry load will be applicable for the scheme.

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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature 

Scheme NameReliance Close Ended Equity Fund II - Series A
Fund HouseReliance Mutual Fund
TypeClosed Ended - 5 years
BenchmarkS&P BSE 200 Index
OptionGrowth / Dividend
Fund ManagerMr. Sailesh Raj Bhan, Ms Jahnvee Shah
Scheme NameReliance Close Ended Equity Fund II -Series A
NFO Open9 May 2014
NFO Close23 May 2014
Scheme TypeA Five Year closed ended equity scheme with automatic conversion into an open ended equity scheme on completion of 2 years from the date of allotment
PlanRegular
Minimum Application AmountRs 5000 and in multiples of Rs 1 thereafter
Load StructureFor Purchase during NFO : Entry & Exit - NILFor purchase post maturity / conversion Entry load - nil Exit load - 1% within 1 year from date of allotment

Cheque Details            : “Reliance closed ended equity fund II -Series A”

[download id =”38″]Who can Invest

This product is suitable for investors:

  • Seeking long term capital appreciation
  • With risk appetite of investing in Equities
  • Investors willing to take exposure in equity and equity related securities

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[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective

  • To generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities , including equity derivatives, in the Indian market with focus on small cap stocks.  The scheme could also invest in foreign securities.
  • Emerging companies are business which are typically in the early stage of development and have the potential to grow their revenues and profit at a higher rate as compare to broader market.

Stock Selection Idea

Fund Endeavors to invest into companies with:

Scalable Opportunities – Long Term Growth Prospects undermined due to near term challenges Currently, these are nascent in India but are large globally and offering relatively large potential for scaling up in the future.

Out of Favor – Unloved and Under researched companies. Companies which are leaders in their segments i.e. top 2-3 Companies which have had 15-20 years of listed history Companies with low near term visibility & hence low expectations and Lack of street coverage.

Distressed Valuations – Markets on a sale, Companies which are unduly impacted by non-fundamental reasons and offering attractive investment opportunities.

Corporate Actions – Companies which are potential beneficiaries of corporate actions such as merger, buy back, etc

Key Highlights of the Fund

  • No market cap bias – investments would be made across stocks in different market caps, as long as the stocks fit in the definition of the investment framework
  • No Benchmark constraints – the fund portfolio may be significantly different from the sector weights and stocks in the benchmark (S&P BSE 200)
  • Fund would endeavor to declare dividend as and when opportunity arises

 Key Differentiators of the Fund

       Fund will make an effort on owning stocks as businesses and valuing them for their “absolute return” potential

      Focus will be on quality companies with long track record currently beaten down due to lack of participation/ lack of research/ low near-term expectation &/or other non-fundamental reasons

      Strategy of the fund will be not to completely mirror the benchmark Fund will endeavor to invest across market caps and will be well diversified as many sectors/stocks trading below fair value.

 

Why Close Ended?

Close-ended format would allow the portfolio manager the flexibility to execute the strategies effectively over the  chosen time frame – in this case, over 5 years. Further, the portfolio could be constructed based on the market merits, without possibly getting impacted by external flows. Close-ended funds may also allow fund managers to take concentrated positions in stocks / sectors and possibly offer portfolio that may be distinct and unique from other open-ended funds.

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[wptabtitle]Collection Center[/wptabtitle] [wptabcontent]

Reliance AMC office

CategoryNo of Share OfferNo of Share Subscribe30 Apr 1329 Apr 1326 Apr 1325 Apr 13
QIB2,514,238909,0000.36 times0.36 times0.00 times0.00 times
Non Inst. Investor4,022,7821,462,8000.036 times0.036 times0.0066 times0.0004 times
Retail Investor3,519,934214,1000.06 times0.06 times0.0043 times0.0013 times
Employee450,00054,6000.12 times0.12 times0.0033 times0.0000 times
Total10,506,9542,640,5000.25 times0.25 times0.0041 times0.0006 times

Karvy Registrar Center

SREI NCD- Allotment Details

Script Code934880934881934882934883934884934885
Script ID1035SREI161075SREI16SREI2016IIISREI2018IVSREI2016IVSREI2019VI
Description10.35% secured NCD - SERIES-I10.75% secured NCD - SERIES-IICumulative 3 years -secured NCD - SERIES-III11.00% secured NCD - SERIES-IVCumulative 5 years -secured NCD - SERIES-VCumulative 6 years 6 month -secured NCD - SERIES-VI
ISININE872A07RF4INE872A07RI8INE872A07RJ6INE872A07RH0INE872A07RK4INE872A07RL2
Coupon10.35%10.75%NA11.00%NANA
Maturity100010001359100016862000
Tenur3 years3 years3 years5 years5 years6 years 6 month
Maturity Date6 May 20166 May 20166 May 20166 May 20186 May 20186 Nov 2019

HDFC Bank Collection Point

CategoryNo of Share OfferNo of Share Subscribe22 May 201321 May 201320 May 13
QIB91,86,1709,29,57,30010.11 times0.89 times0.71 times
Non Inst. Investor26,24,6185,86,28,12522.33 times0.01 times0.001 times
Retail Investor17,49,74561,18,0503.49 times0.70 times0.14 times
Total1,35,60,53315,77,03,47511.63 times0.70 times0.65 times

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Contact Us for Investment

rajendra@puneinvest.com

Mobile 7719917444

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