Reliance MF introduces Fixed Horizon Fund-XXXX-Series 11

Reliance Mutual Fund (MF) launched the Reliance Fixed Horizon Fund-XXXX-Series 11, a close ended income scheme. The NFO opens for subscription on January 11, 2019 and closes for January 16, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against Crisil Composite 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 maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility of Central and State Government securities and other fixed income/ debt securities.