Reliance Mutual Fund has announced the New Fund Offer (NFO) Reliance Fixed Horizon Fund - XX - Series 1, a close ended income scheme.
The NFO opens for subscription on June 13, 2011 and closes on June 16, 2011. The tenure of plan will be 93 days from the date of allotment. No entry and exit load is applicable. The scheme offers growth and dividend payout option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount will be Rs 5000 and in multiple of Rs 1 thereafter.
The investment objective of the scheme 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 normally maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
The NFO opens for subscription on June 13, 2011 and closes on June 16, 2011. The tenure of plan will be 93 days from the date of allotment. No entry and exit load is applicable. The scheme offers growth and dividend payout option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount will be Rs 5000 and in multiple of Rs 1 thereafter.
The investment objective of the scheme 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 normally maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
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