Reliance Mutual Fund (MF) has launched a new fund named
as Reliance MF Fixed Horizon Fund - XXIX - Series 2, a close ended income
scheme with the duration of 1111 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 6 August
to 12 August 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 / or 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 payout option under
both regular plan and direct plan.
The scheme will allocate up to 20% of its assets in money
market instruments with low risk profile & invest 80% to 100% of its assets
in government securities and debt instruments with low to medium 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 Composite Bond
Fund Index.
The fund manager of the scheme will be Mr. Amit Tripathi.
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