Reliance Industries to raise Rs 10,600/- Crores

India's largest listed company Reliance Industries has informed that on Tuesday 12 May 2020 they shall be raising a total of 10,600 Crores in three tranches via bonds of different tenures.

The rating of Reliance Industries Long Term bond has been rated as AAA which marks highest safety which in turn gives investors the confidence for safeguarding of their money if invested in the said bonds of the company.

Following are the full details of fund raising by Reliance Industries via bonds in the year 2020-2021.

• Rs 4,235 Crores at coupon rate of 7.05 for three years
• Rs 825 Crores at coupon rate of 6.95 for three years
• Rs 5,000 Crores at coupon rate of 6.95 for two years

What is fund of fund in Mutual Fund ?

Today we will explain what is fund of fund in Mutual Fund parlance. Many a times your would have come to notice this term and you may be inquisitive to know the meaning of the same.

A Fund-of-Fund is basically a Mutual Fund that invests in other mutual fund schemes or ETF ( Exchange Traded Funds ).

So Meaning of Fund of Fund in simple language is " A Mutual Fund investing in series of other existing Mutual Funds ".

Here in our country FOF short form of Fund of Fund are used to invest in ETFs including those that invest in Gold and Equity indices.

Also there are funds of funds which that invest in units of international funds which in turn invest in units of global funds.

Total expenses is capped to 2% by SEBI ( Securities and Exchange Board of India ) a statutory body which monitors capital market and mutual funds in India.