Retail Value Investors should avoid the NFO of Reliance Equity Advantage Fund. In quest to become the number one fund house in India and encashing on the the ignorance of Indian retail investors, Reliance Mutual Fund is launching a fund every month which is totally unnecessary.
Reliance Equity Advantage Fund is a Index Fund which will invest 80% in Nifty stocks and the balance 20% in other equities which the fund manager deems fit. Avoid the NFO.
Retail value investors should stick to value investing by means of Systematic Investment Plan.