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Reliance MF : Introduction of Institutional Plans Under Banking Fund


Reliance MF has introduced Institutional Plans under its Banking Fund and Natural Resources Fund, both being open-ended equity schemes.
The details of the offerings are as follows :-
Options : Growth, Dividend (Payout / Reinvestment), Bonus.
Minimum Initial Investment : Rs. 5 crores
Minimum Additional Investments : Rs. 100,000
Facilities : Systematic Withdrawal Plan
Annual Recurring Expenses : 2.40% (AMC Fees @ 1.25% included)
Loads:
Entry Load : Nil
Exit Load : Nil