Reliance MF unveils Yearly Interval Fund - Series 7

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Reliance MF unveils Yearly Interval Fund
Reliance Mutual Fund has unveiled a new fund named as Reliance Yearly Interval Fund - Series 7 , a close ended scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription for only one on April 15, 2013.

Investment Objective:

The primary 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 which are maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility - Central and State Government securities and Other fixed income/ debt securities.

Minimum Application Amount:

New Fund Offer & During Specified Transaction Period: For First Purchase (All Options/Plans) is Rs. 5,000/- and in multiples of Re.1/- thereafter

Benchmark: 

Crisil Short Term Bond Fund Index

Liquidity

The units can be purchased from the AMC only during the Specified Transaction Period of the scheme. The applications for Sale/Switch in and Redemption/Switch out requests will be accepted during normal business hours on the first day of the Specified Transaction Period and upto 3.00 p.m. on the second day of the Specified Transaction Period.

Units held in Demat form are transferable in accordance with the provisions of SEBI (Depositories and Participants) Regulations, as may be amended from time to time. Transfer can be made only in favor oftransferees who are capable of holding units and having a Demat Account

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Read more about: reliance, mutual funds, nfo
Story first published: Monday, April 15, 2013, 15:27 [IST]
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