Mumbai: Reliance Mutual Fund has unveiled a close-ended income fund called Reliance Fixed Horizon Fund - XVI - Series 6.
The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.
The new fund offer (NFO) opens on 10 December 2010 and closes on 14 December 2010. The minimum subscription amount is Rs 5, 000. The scheme duration is 368 days. The fund is benchmarked against Crisil Short Term Bond Fund Index.
