Reliance Mutual Fund has launched the Reliance Natural
Resources Fund, which will chiefly invest in companies
engaged in the discovery, production or distribution of
fund will be benchmarked against the Standard &
Poor''s Goldman Sachs Spot Commodity Index.
the draft offer document filed with SEBI has mentioned,
at least 70 per cent of the fund''s net assets will be
invested in equities. There may be partial exposure
to foreign securities, subject to regulatory limits.
operating in natural resources industries include those
that are considered as principally engaged in the discovery,
development, production, or distribution of natural
resources, or are service providers for these areas.
covered are companies engaged in the development of
technologies for the production or efficient use of
natural resources in addition also furnishing of related
supplies or services.
resources include energy sources, metals, forest products,
food and agriculture, and other basic commodities. Companies
related to these areas may own or produce oil, natural
gas, precious metals etc. Further, these may provide
related services such as mining, drilling, rigging and
SBI MF fund, launched in July 2005, has delivered 31
per cent or so since inception (as on June 6), according
to Value Research. Its key holdings, as on end-May,
include Gujarat Mineral Development Corporation, Reliance
Industries, Jindal Saw and Kesoram. It managed about