Reliance Mutual Fund has launched the NFO of Reliance Fixed Horizon Fund - XXII -Series 8, a close ended income scheme.
NFO opens for subscription on May 21, 2012 and closes on May 28, 2012. Entry and exit load charge will be nil for the scheme. The duration of the scheme will be 369 days from the date of allotment. 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 multiple of Rs 1 thereafter. The fund manager of the scheme will be Amit Tripathi.
The 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.
