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Reliance Mutual Fund Launches Index Fund

Reliance Mutual Fund has launched an index fund. The fund's IPO began on January 29 and would continue till February 2, 2005. Reliance Index Fund would offer both Nifty as well as Sensex plans. The minimum investment for the fund has been capped at Rs 5,000 and there won't be any entry charge applicable during the IPO period. Thereafter, an entry load of 1 per cent would be levied.