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Reliance Makes Changes in Investment Limits for Debt Funds

Reliance Mutual Fund has announced that consequent to the SEBI Circular an additional exposure to the financial sector ( over and above the limit of 30%) not exceeding 10% of the Net Assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies(HFCs) rated AA and above and registered with National Housing Bank, however the total investment limit/ exposure to HFCs shall not exceed 30%.

The change is applicable for debt-oriented schemes and comes into effect from November 20, 2012.