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Reliance Fixed Horizon Fund - XXXVIII - Series 13, Floats On
(10:29, 06 Aug 2018)
Reliance Mutual Fund has launched a new fund named Reliance Fixed Horizon Fund - XXXVIII - Series 13, a close ended income scheme. The tenure of the scheme is 199 days from the date of allotment. The new issue will be open for subscription from 14 August 2018 to 23 August 2018.

The 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 maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility -

Central and State Government securities and

Other fixed income/ debt securities

The scheme offers two options viz. growth and dividend payout option.

The scheme would invest upto 100% of assets in money market instruments, government securities / State Development Loans (SDLs) & debt instruments with low to medium risk profile.

Minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry load and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is Crisil Short Term Bond Fund Index.

The fund manager of the scheme is Amit Tripathi.

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