Reliance MF Fixed Horizon Fund - XXX - Series 20, Close Ended Income Scheme, 1100 Days

Reliance Fixed Horizon Fund - XXX - Series 20 a close ended income scheme with the duration of 1100 days

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund - XXX - Series 20, a close ended income scheme with the duration of 1100 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 20 May and close on 30 May 2016.

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 payout option under both regular plan and direct plan.

The scheme will allocate upto 30% of its assets in money market instruments with low risk profile and invest 70% 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 and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is Crisil Short Term Bond Fund Index.

The fund manager of the scheme will be Amit Tripathi.

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