Reliance Mutual Fund unveils Fixed Horizon Fund-XX-Series 20

Reliance Mutual Fund new issue closes on 21st June

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XX-Series 20, a close-ended income scheme.

The primary investment objective of the scheme is to generate regular returns and growth of capital by investing in government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The tenure of the scheme is 368 days.

The new issue closes on 21st June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.

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Taurus Mutual Fund floats 91 days fixed maturity plan

Taurus Mutual Fund new issue closes on 23 June 2011

Taurus Mutual Fund has launched Taurus Fixed Maturity Plan Series H (91 Days), a close-ended income scheme.

The investment objective of the scheme is to generate income with minimum volatility through investments in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

The new issue closes on 23 June 2011. The minimum investment amount is Rs5,000.

Crisil Liquid Fund Index is the benchmark index. Rahul Pal and Pankaj Jain are the fund managers.

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Religare Mutual Fund launches 370 days fixed maturity plan

Religare Mutual Fund new issue closes on 21 June 2011

Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VIII-Plan A to F-Plan C (370 Days), a close-ended income scheme.

The investment objective of the plan is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.

The new issue closes on 21 June 2011. The minimum investment amount is Rs5,000.

CRISIL Short-Term Bond Fund Index is the benchmark index. Nitish Sikand is the fund manger for the scheme.

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