Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund XXVII- Series 13, a close ended income scheme. The NFO opens for subscription on Nov 18, 2014 and closes on Nov 20, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Amit Tripathi.
The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility-Central and State Government securities and Other fixed income/ debt securities.
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