02-Aug-2013 •News Desk
Reliance Mutual Fund announced the merger of Reliance Infrastructure Fund into Reliance Diversified Power Sector Fund effective from September 7, 2013. Following the merger, the fundamental attributes of Reliance Diversified Power Sector Fund will change to some extent. Post-merger, the benchmark of the scheme will change from India Power Index to S&P BSE Power Index. The fund can now invest 80-100 per cent of its assets in equity instruments of power sector, 0-20 per cent in debt and money market instruments.
Investors in either of the funds can exit, if willing to, from August 8, 2013 to September 6, 2013.