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Reliance Mutual Fund has launched a new fund named Reliance Fixed Horizon Fund - XXXX - Series 14, a close ended income scheme. The tenure of the scheme is 1183 days from the date of allotment. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 18 January 2019 to 28 January 2019. The investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility Central and State Government securities and Other fixed income/ debt securities. The scheme offers two options viz. growth and dividend payout option. The scheme would invest 100% - 90% of assets in Government securities / State Development Loans (SDLs) & Debt Instruments with medium to low risk profile and upto 10% of asset in money market instruments with low risk profile. 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 load 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 is Amit Tripathi. Powered by Capital Market - Live News
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