15th February 2005: Reliance Mutual Fund has launched an open-ended Equity Opportunities Fund to provide long-term capital appreciation by investing in stocks across sectors and industries of all market capitalisations. The issue would remain open till March seven and there would be no entry-load during the initial public offer. The minimum application amount for the IPO, which is offered to the public, is Rs 5,000 and in the multiples thereafter, Reliance Mutual Fund said in a release here.

The fund is a diversified equity scheme, which would try to invest in stocks of companies representing a broad view of the strong Indian growth stories. It would invest up to 75-100% in equity and equity-related instruments and up to 25% in debt securities and money market instruments with an aim to generate regular income, the release added.

"The fund would seek both value and growth, which are likely to commence from the ongoing structural changes in government policies, infrastructure spending and continuous global economic reforms which try to integrate different economies across the globe," it said. It would provide growth and bonus option under the growth plan and dividend payout and dividend reinvestment option under the dividend plan, it added.