Reliance MF introduces Corporate Bond Fund

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Corporate Bond Fund, a close ended income scheme. The NFO opens for subscription on Jun 06, 2014 and closes on Jun 20, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re. 1 thereafter. The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Prashant Pimple and Jahnvee Shah. The investment objective of the scheme is to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. The scheme would focus its investments predominantly in corporate bonds of various maturities and across ratings for the purpose of achieving regular income and capital appreciation.