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Mutual Funds

Sumiti Jain (FP) (1364 Points)

01 May 2010

Dear friends,

will u please tell me the exact claculation for Entry & exit load for Mutual Fund investment with example?

say, NAV today= Rs. 25.8750.

Entry load =1.5%

Exit load= .75%

then what are the sale & purchase cost?

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6 Replies

Rahul Gupta (Project Controller ACA MBA(Fin.)) (8019 Points)
Replied 01 May 2010

If you purchase then the Entry Load will be added to the NAV i.e 25.875+.388 = 26.263 is the purchase cost.

If you sale then teh exit load will be deducted from the sale value i.e 25.875 - .1941 = 25.6809 is the sale value.

Also give affect to the STT cost to the above price.

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varun gupta (Senior Accounts Officer) (89 Points)
Replied 02 May 2010

Rahul is absolutely right

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akhi kashyap (ceo) (48 Points)
Replied 07 May 2010

guys anyone knows about this?Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund - XIV - Series 10, a close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscripttion from 6 May and closes on 7 May 2010.

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

The duration of the scheme is 24 months .any news or views pls be free to share

meera krishna (senior trader) (59 Points)
Replied 08 May 2010

can anyone please tell what are the various schemes that RMF has to offer?

akhi kashyap (ceo) (48 Points)
Replied 10 May 2010

here are a few good ones!

Reliance Interval Fund (A Debt Oriented Interval Scheme): The investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund Plan C (A close-ended scheme): The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - IV (A close–ended income scheme): The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - V (A closed-ended income scheme): The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.

Reliance Fixed Horizon Fund - VII (A closed-ended income scheme): The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.