Reliance Mutual Fund has announced the NFO Reliance Fixed Horizon Fund - XXII - Series 7, a close ended income scheme.
The NFO opens for subscription on May 4, 2012 and closes on May 9, 2012. No entry and exit load charges is applicable for the scheme. The duration of the scheme will be 367 days from the date of allotment of units. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs.5000 and in multiples of Re.1 thereafter. The fund managers for the scheme will be Amit Tripathi. The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
