Reliance MF has rolled out a new scheme called Reliance Fixed Horizon Fund -X and it is a close-ended income scheme. The scheme will be launching 2 series with different maturities- Series 6 and Series 3. Series 6 includes sub-series 1 to 12. Under Series 6, sub-series 1 to 6 having duration of 12 to 15 months, Series 7 to 12 having duration of 15 months 1 day to 18 months, and Series 13 to 15 duration between 91days to 98 days. The new fund offering (NFO) for the scheme is Rs. 10 during the NFO period.
The investors will have three plans viz. retail plan and institutional plan and super institutional plan. Each plan offers sub-option of growth and dividend payout option. For all series, the minimum investment amount under retail plan is Rs. 5,000 and in multiples of Re 1 thereafter. The minimum investment amount under institutional plan is Rs. 50 lakh and in multiple of Re 1 thereafter and for super institutional plan is 1 crore and in multiple of Re 1 thereafter.
The investors will have three plans viz. retail plan and institutional plan and super institutional plan. Each plan offers sub-option of growth and dividend payout option. For all series, the minimum investment amount under retail plan is Rs. 5,000 and in multiples of Re 1 thereafter. The minimum investment amount under institutional plan is Rs. 50 lakh and in multiple of Re 1 thereafter and for super institutional plan is 1 crore and in multiple of Re 1 thereafter.
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