Reliance MF launches open-ended Index fund

The scheme proposes to invest 95-100 per cent in equities and equity-related securities covered by the Nifty and the Sensex, said Reliance Mutual Fund in a statement here.

Available in both growth and dividend options, the minimum investment amount is Rs 5,000, while there is no entry load for the scheme but the exit load is 1 per cent for holding period of up to 12 months and nil thereafter, it said.

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