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Reliance Mutual Resumes Sales in Two Equity Schemes


Reliance Mutual Fund has decided to withdraw the restriction on subscription to Reliance Equity and Reliance Growth with effect from August 18, 2006. All fresh as well as additional subscriptions (including subscriptions through Systematic Investment Plan) for any amount would now be allowed.

Earlier, Reliance Mutual Fund had put an embargo on subscriptions of over Rs 5 lakh in Reliance Growth and Reliance Equity Fund, with effect from May 3 and April 15, 2006, respectively. This limit was subsequently relaxed to Rs 1 crore, with effect from August 2, 2006.