Wednesday, February 20, 2008

Reliance MF Unleashes New Fixed Horizon Fund

Reliance MF launches Reliance Fixed Horizon Fund -VI-Series 2 and it is a close-ended income scheme with maturity period of 91 days from the date of allotment. 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. The scheme will invest 30%-100% in money market instruments. The scheme will invest 0%-70% in government securities issued by central and/or state government & other fixed income/ debt securities including but not limited to corporate bonds and securitised debt. Debt securities will also include securitised debt, which may go up to 70% of the portfolio. The total debt derivative exposure would be restricted to 50% of the net assets of the scheme. The fund shall not invest in equity derivatives.

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