Reliance MF has launched the NFO of Reliance Fixed Horizon Fund - XXII - Series 16, a close ended income scheme.
The NFO opens for subscription on July 27, 2012 and closes on August 2, 2012. No entry load or exit load will be applicable for the scheme.
The minimum subsciption amount is Rs. 5,000 and multiples of Rs. 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Amit Tripathi.
The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the date of maturity of the scheme with the object of limiting interest rate volatility - Central and State Government securities and other fixed income/ debt securities.
Source : Accord Fintech
