Reliance Mutual Fund has announced the declaration of dividend under the retail and institutional plan of Reliance Fixed Horizon Fund – I - Annual Plan – Series III and Reliance Fixed Horizon Fund – II - Annual Plan – Series I. The record date is set as 2 December 2007. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for Reliance Fixed Horizon Fund – I - Annual Plan – Series III was recorded at Rs. 10.6377 as on 23 November 2007 whereas the NAV for Reliance Fixed Horizon Fund – II - Annual Plan – Series I was recorded at Rs. 10.5328 as on 23 November 2007.
Both the schemes are a close-ended income schemes with an investment objective to generate regular returns and growth 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
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