Reliance Mutual Fund has extended the offer period for Reliance Fixed Horizon Fund – IV – Series 7. Now the offer would close on 4 December 2007 instead of 3 December 2007.
The investment objective of the scheme is to seek regular returns and growth of capital by investing in a diversified portfolio of State and Central government securities and other fixed income/debt securities normally maturing in line with the time profile of the plan with objective of limiting the interest rate volatility.
Being a close-ended scheme it cannot charge any entry load on subscription received. The scheme charges an exit load of 2.00% for redemption on or before 6 months form the date of allotment. The exit load will come to 1.00% if the redemption is made between 6 months to 12 months period.
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