Reliance Mutual Fund has announced collections of around Rs. 100 crores during the NFO of the Reliance Fixed Horizon Fund –VII – Series 1, which closed on 24 January 2008.
Reliance Fixed Horizon Fund –VII – Series 1 was a close-ended income scheme with maturity period of 15 months from the date of allotment. The scheme does not charge any entry load. The scheme charges an exit load of 2.00% if the investment is redeemed on or before completion of 6 months from the date of allotment. The exit load will come down to 1.00% if investment is redeemed from 6 months -1 day till the maturity of the scheme.
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