Reliance MF launches "Reliance Fixed Horizon Fund - XXV - Series 25"; NFO to close on Feb 25

Subscribe to GoodReturns

Reliance MF launches
Reliance Mutual Fund has launched a new close ended income scheme named "Reliance Fixed Horizon Fund - XXV - Series 25" with maturity period of 1091 days from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on February 25.

According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option.

The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Amit Tripathi will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to seek to generate returns and growth of capital will be met by investing in a portfolio of central and state government securities and other fixed income/ debt securities. Hence, the scheme will allocate 0 to 30 per cent of asset in money market instruments and 70 to 100 per cent in government securities and debt instruments.

Dion Global Solutions Ltd.

Story first published: Wednesday, February 19, 2014, 12:57 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?