Reliance Mutual Fund has launched Reliance Fixed Horizon Fund- XII-Series 3, a close-ended income scheme on 24 March 2009. The initial offer period will be closed for subscription on 30 March 2009. The offer unit price is Rs 10 per unit.
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 scheme with the objective of limiting interest rate volatility.
Presently there are three plans available under the scheme i.e. Retail; Institutional and Super institutional plan with growth and dividend option. The dividend option offers only dividend payout facility.
The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. The minimum application amount under institutional plan is Rs 25 lakh and multiples of Re 1 thereafter. For super institutional plan, the investors may invest minimum of Rs 1 crore and in multiples of Re 1 thereafter.
The scheme will not charge entry and exit load.
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 scheme with the objective of limiting interest rate volatility.
Presently there are three plans available under the scheme i.e. Retail; Institutional and Super institutional plan with growth and dividend option. The dividend option offers only dividend payout facility.
The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. The minimum application amount under institutional plan is Rs 25 lakh and multiples of Re 1 thereafter. For super institutional plan, the investors may invest minimum of Rs 1 crore and in multiples of Re 1 thereafter.
The scheme will not charge entry and exit load.
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