Mutual Funds - Reliance Liquidity Fund (G) is it real ????? in IPO's & MF's - I happened to see the Nav of this fund was trading somewhere @Rs:16 and suddenly the Nav is 1675 which ...
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08-16-2012 03:52 PM
Reliance Liquidity Fund (G) is it real ?????
I happened to see the Nav of this fund was trading somewhere @Rs:16 and suddenly the Nav is 1675 which means a 100000% increase in just 2 days , is it possible in this type of scheme what is happening..
Some one please let me know what i am seeing is true ..
Thanks
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08-16-2012 04:15 PM
yep got it , they have increased the Face value...
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08-30-2012 03:32 AM
Above is the 1 year chart of the fund which is adjusted for face value ...
Reliance Liquidity Fund is an open-ended liquid scheme incorporated in India. The Fund seeks to generate optimal returns consistent with moderate levels of risk and high liquidity. The Fund invests in money market instruments and in debt securities with a maturity of less than one year.
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