Reliance MF launches Reliance Fixed Horizon Fund - XX - Series 24

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Reliance MF launches Reliance Fixed Horizon Fund
Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund - XX - Series 24. It"s a close-ended income scheme with duration of 370 days from the date of allotment.

Investment objective of the schemes:
The investment objective of the schemes is to generate regular 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 schemes target to collect a minimum subscription (minimum target) amount of Rs 1 crore under each scheme during the NFO period.

Allocation of funds:
The scheme will allocate upto 100% of assets in money market instruments, Government Securities issued by Central &/or State Government & other fixed income / debt securities but not limited to corporate bonds with low to medium risk profile.

Basic Details:
NFO Opens: August 10, 2011
NFO Closes: August 11, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional of Re 1, thereafter
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Amit Tripathi

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Read more about: mutual funds, reliance, nfo
Story first published: Thursday, August 11, 2011, 14:55 [IST]
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