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Reliance Mutual Fund has announced a change in the fundamental attributes of Reliance Equity Advantage Fund on prospective basis with effect from August 26, 2011.
Name of the Scheme
The scheme will be renamed as Reliance Top 200 Fund.
Investment Objective
The primary objective of the scheme is to seek to generate long term capital appreciation by investing in equity and equity related instruments of companies whose market capitalization is within the range of highest and lowest market capitalization of BSE 200 Index. The secondary objective is to generate consistent returns by investing in debt and money market securities.
Benchmark
The scheme will now be benchmarked against BSE 200 Index.
Proposed Asset Allocation
The scheme will invest up to 100% in equity and equity related instruments. However, it may also invest maximum up to 35% in debt and money market instruments.
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