Fund News

Reliance MF New Schemes' IPO Opens

Reliance Mutual Fund's two new schemes' <span>—</span>Reliance NRI Equity and Reliance NRI Income <span>—</span> initial publi

Reliance Mutual Fund's two new schemes' —Reliance NRI Equity and Reliance NRI Income — initial public offer opened on Saturday. The IPO period will continue till November 1. As per the offer document, the NRI Equity scheme would invest 65-100 per cent in equity or equity related instruments of companies drawn from the BSE 200 Index, and up to 35 per cent in debt and other money market instruments. The other fund, NRI Income scheme, would invest 100 per cent in debt instruments.

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