Reliance Natural Resources Fund (RNRF) Mutual Fund

Reliance Natural Resources Fund (RNRF)

Product Features

Type: An Open Ended Equity Scheme

Investment Objective: The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in companies principally engaged in the discovery, development, production, or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities. However, there can be no assurance that the investment objective of the scheme will be realized, as actual market movements may be at variance with anticipated trends.

Asset Allocation: Under normal circumstances, the anticipated asset allocation would be:

Instruments	% of Corpus (indicative)#	Risk Profile
Equity and Equity related Securities of companies: - Domestic Companies - Foreign securities	65% - 100% 0% - 35%	Medium to High
Debt and Money market securities (including investments in securitized debt*)	0% - 35%	Low to High

Plans Available: The scheme will have the following plans /options

•Growth Plan: Growth Option & Bonus Option. •Dividend Plan: Dividend Payout Option & Dividend Reinvestment Option.

Benchmark Index: A custom benchmark created using the BSE-200 to the extent of 65% of portfolio and MSCI World Energy Index for balance 35%. Since the MSCI World Energy Index will be US Dollar denominated, the conversion into Indian Rupees will happen based on the settlement price of the MSCI World Energy Index as on the last working day prior to the valuation date using the RBI reference rate as of 4.00.p.m on the valuation date.

Minimum Application Amount: For Resident and Non Resident Investors the minimum application amount is Rs 5000/- per plan per option and in multiples of Re. 1 thereafter.

Additional Purchase Amount: Rs 1000 per plan per option and in the multiple of Re.1 thereafter.

Load Structure (During the New Fund Offer and continuous offer including SIP installments)

Entry Load: •For subscription below Rs. 2 Crs - 2.25% •For subscription of Rs 2 Crs & above and below Rs 5 Crs - 1.25% •For subscription of Rs 5 Crs and above- Nil

Exit Load: NIL

Liquidity: The Scheme will offer for Sale/Switch-in and Redemption / Switch-out of Units at NAV based prices on every Working Day on an ongoing basis, commencing not later than 30 days from the closure of New Fund Offer Period.

Recurring Expenses: The above expenses are estimates only and are subject to change as per actuals. While the AMC fees remains the same, other expenses, namely, Marketing Expenses and Operational Expenses may change and the total expenses shall not exceed 2.50% of the amount of the Scheme's average daily net assets. Subject to SEBI Regulations, the AMC reserve the right to modify the above estimate for recurring expenses on a prospective basis.

Reliance Any Time Money Card: It shall be issued only to investors subscribing in this fund through Self Cheque.

Initial issue expenses: The Scheme shall meet the entire sales, marketing and such other expenses connected with sales and distribution of scheme during the new fund offer from the entry load and not through initial issue expenses in accordance with SEBI Circular dated April 4, 2006, being an open-ended scheme. Any expenses over & above the entry load amount shall be borne by the AMC.

SIP/STP/ SWP/ DTP: Available

Switch Facility: Available, subject to minimum Rs. 5000/- & any amount thereafter in switch in scheme (for opening a new folio/account) & minimum Rs 1000 & any amount thereafter for additional switch in. No load applicable for switches between the equity / sector specific schemes. However, differential load shall be charged for switching from Reliance Index to any other equity/sector specific scheme and switching from any other equity / sector specific scheme to Reliance NRI Equity Fund

Switch Inter Plan/Option: No load will be charged

Auto Switch Facility: This fund will offer an auto switch facility from Reliance Liquid Fund, Reliance Liquidity Fund and Reliance Floating Rate Fund to Reliance Natural Resource Fund during the NFO. However, RCAM reserves the right to extend or limit the said facility on such terms and conditions as may be decided from time to time.

Nomination facility: Available

Tax Benefits: The investors in this scheme will enjoy the same tax benefits which are available to unit holders of any other equity scheme.

Duration of New Fund Offer: Opening Date : January 1, 2008 Closing Date : January 30, 2008

New Fund Offer price: Rs.10/- per unit subject to applicable Entry Load.