Reliance Mutual Fund has filed an offer document for Reliance Fixed Horizon Fund - Series I-III. These are close-ended income scheme with a maturity period between 91 to 98 days for each series. The new fund offering (NFO) for the scheme is Rs. 10 during the NFO period. The investors will have the choice of two plans viz. retail plan and institutional plan. Each plan offers sub-option of growth and dividend.
The minimum investment amount under retail plan is Rs. 5,000 and in multiple of Re 1 thereafter. The minimum investment amount under institutional plan is Rs. 1 crore and in multiple of Re 1 thereafter. 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 series with the objective of limiting interest rate volatility. There will be no entry load for the scheme. There will be an exit load of 0.30% if the investment is redeemed before the maturity data. The fund will invest 30%-100% in money market instruments. The fund will invest 0%-70% in government securities issued by central &/ state government and other fixed income/ debt securities including corporate bonds and securitised debt. The investment in securitised debt will be up to 70% of the net asset invested.
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