Reliance Mutual Fund has filed a draft offer document with SEBI for the launch of its open ended Index exchange traded fund R* Shares Nifty ETF. The scheme aims to generate excessive returns by investing in the portfolio of securities as represented by its benchmark CNX Nifty Index.
No exit loads will be charged in the scheme. The minimum application amount during NFO is Rs 5000. The fund will be managed by Krishan Daga.
