Reliance MF Unveils Reliance Interval Fund- A Debt Oriented Interval

Reliance Mutual Fund declares to unveil Reliance Interval Fund A Debt Oriented Interval Scheme. The fund will be launched in two series 1 and 2. The New Fund Offer for series 1 opened on 14th March, 2007 and closed on 15th March, 2007. The New Fund Offer for series 2 opens on 28th March, 2007 and will close on 29th March, 2007. The investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of: 1) Central and State Government securities and 2) 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 fund can invest 30 to 100 percent of its portfolio in money market instruments and 0 to 30 percent in government securities.