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Reliance Capital Asset Management has announced the launch of their first RGESS fund — R*Shares CNX-100 fund.
This is an open-ended exchange traded fund that will open for subscription on February 19 and will run up to March 15.
“We foresee an additional investment of Rs 75,000 crore flowing into the equity market through various RGESS schemes being launched by the industry,” said Sundeep Sikka, CEO, Reliance Capital Asset Management.
Investors can invest a minimum of Rs 5,000, and thereafter in the multiples of Re 1, during the NFO period, said a release from the fund house.
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