Reliance MF Floats Reliance Fixed Horizon Fund

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Reliance MF Floats Fixed Horizon Fund
Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund - XXII - Series 2, a close ended income scheme with the duration of 368 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit.

Investment Objective:
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 fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

Allocation of funds:
Reliance Fixed Horizon Fund - XXII - Series 2 will allocate 40% to 100% of assets in Money Market Instruments with low risk profile. On the other side it would allocate upto 60% of assets in Government Securities issued by Central &/or State Government & other fixed income / debt securities including but not limited to corporate bonds with low to medium risk profile.

95% to 100% of net assets would be invested in AAA/A1+ rated certificate of deposits and upto 5% of net assets would be invested in any other instruments that would include investments in instruments such as CBLO / Reverse Repos (Repos not including repo in corporate bonds) / Government securities / T-Bills and short term deposits.

Basic Details:
NFO Opens: April 4, 2012
NFO Closes: April 10, 2012
NFO Price: Rs 10 per unit
Benchmark: CRISIL Short Term Bond Fund Index.
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 1 thereafter.
Exit Load: NIL
Manager: Amit Tripathi.

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Read more about: mutual funds, reliance, nfo
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