Reliance Mutual Fund files offer document for CPSE ETF FFO 4

Reliance Mutual Fund has filed offer document with SEBI to launch an open-ended Index Exchange Traded scheme named ‘CPSE ETF FFO 4.'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers only growth and seeks to collect a Minimum Target Amount of Rs 100 crore.

The performance of the scheme will be benchmarked by Nifty CPSE Index. The minimum application amount for initial purchase is Rs 5000 and Re 1 thereafter.

The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the Securities as represented by the Nifty CPSE Index, by investing in the Securities which are constituents of the Nifty CPSE Index in the same proportion as in the Index