Reliance Mutual Fund (MF) has launched a new fund named as Reliance MF
Fixed Horizon Fund - XXIX - Series 6, a close ended income scheme with the
duration of 1112 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 4 September to 9 September
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 & 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 & dividend payout 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% to 100% of its assets in government
securities & 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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