Important dates for the two funds are:
Reliance Fixed Horizon Fund - XX - Series 4: The NFO opens on August 22, 2011 and closes on August 25, 2011. The duration of the scheme is 184 days from the date of allotment.
Reliance Fixed Horizon Fund - XX - Series 11: The NFO opens on August 22, 2011 and will closes on August 29, 2011. The duration of the scheme is 369 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 will allocate upto 100% of assets in money market instruments, Government Securities issued by Central and State Government & other debt securities but not limited to corporate bonds with low to medium risk profile.
The schemes target to collect a minimum subscription (minimum target) amount of Rs 1 crore under each scheme during the NFO period.
The minimum application amount is Rs 5,000 and after that additional investment can be made of Rupee 1.
The investors will be provided with the two options: Growth and Dividend. Dividend option offers the facility of dividend payout.
Entry and exit load charge will be nil for the schemes.
Amit Tripathi will be the fund manager of the schemes.
Benchmark Index for both the schemes is CRISIL Short Term Bond Fund Index.