Reliance MF Unveils New Scheme

Reliance Mutual Fund has launched a close-ended income scheme, Reliance Fixed Horizon Fund -III Annual Plan - Series IV. The scheme has duration of 371 days. 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 plan with the objective of limiting interest rate volatility.
The minimum subscription amount for Institutional Plan is Rs. 1 crore per option and in multiples of Re. 1 thereafter and for Retail Plan is Rs. 5,000/- per option and in multiples of Re. 1 thereafter. The scheme will be benchmarked against Crisil Composite Short term Bond Fund Index. Mr Prashant Pimple is the fund manager.