Reliance MF Dual Advantage Fixed Tenure Fund VII - Plan E

Reliance Mutual Fund (MF) has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund VII - Plan E, a close ended hybrid scheme with the duration of 1102 days from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 15 April and close on 29 April 2015.

The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure.

The scheme offers two options viz. growth and dividend payout option.

The scheme will allocate 65% to 95% of assets in debt securities with low to medium risk profile, upto 30% of assets in money market instruments with low to medium risk profile and  5% to 20% of assets in equities & equity related instruments (including options premium) with medium to high risk profile.

The minimum application amount is Rs. 5,000..

Entry & exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL MIP Blended Fund Index.

The fund managers for the scheme are Mr. Krishan Daga and Mr. Anju Chajjer.

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