Reliance MFFixed Horizon Fund - XXVIII - Series 19, a close ended income scheme

Reliance Mutual Fund (MF) has launched a new fund named as Reliance (MF) Fixed Horizon Fund - XXVIII - Series 19, a close ended income scheme with the duration of 1124 days from the date of allotment. 

During the New Fund Offer (NFO), the scheme will offer units at Rs 10 per unit. 

The new issue will be open for subscription from 19 May to 20 May 2015.

This product is suitable for investors seeking returns and growth over the term of the fund limiting interest rate volatality by investment in debt, money market and G-sec instruments maturing on or before the date of maturity of the scheme with low risk - Blue.

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

The scheme offers growth and dividend pay out option under both regular plan and direct plan.

The scheme will allocate upto 20% of its assets in money market instruments with low risk profile and invest 80%-100% of its assets in government securities & debt instruments with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

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

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

The fund manager of the scheme will be Amit Tripathi.

ICICI Prudential Mutual Fund has launched a new plan named as ICICI Prudential Value Fund - Series 7, a close ended equity scheme. The scheme will have tenure of 1100 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 19 May to 02 June 2015.

The investment objective of the scheme is to provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis.

The plan shall offer direct plan and regular plan with dividend payout option.

The plan would invest 80% to 100% of assets in equity and equity related instruments with medium to high risk profile and invest upto 20% in debt, money market instruments and cash with low to medium risk profile. Investment in derivatives can be upto 50% of the Net Assets of the scheme.

The minimum application amount is Rs. 5,000.

The scheme is proposed to be listed on BSE Limited.

Entry & exit load are not applicable.

Benchmark Index for the plan is S&P BSE 500 Index.

The fund managers of the scheme are Atul Patel and Shalya Shah (For Investments in ADR / GDR and other foreign securities).

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