Reliance Mutual Fund suspends fresh investment in Reliance Small Cap Fund

Reliance Mutual Fund has limited the subscription of units in Reliance Small Cap Fund through suspension of subscription via fresh or additional subscriptions or switch-ins. Reliance Small Cap is an open-ended equity scheme.

The suspension is in place since March 26, 2018 till further notice. The AMC says that the limit on subscription of units had been done with a view that increasing the size of the corpus of the scheme further may prove detrimental to the interest of the existing unit holders.

The scheme had also limited the subscription through Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP). The scheme would accept investments through SIP or STP where each instalment is less than or equal to Rs 1 lakh.

The AMC also said the restriction will not affect SIP or STP or such other special product registered prior to the effective date and the unitholders under dividend reinvestment and payout option of direct plan and other than direct plan.