Reliance Mutual Fund new issue closes on 28th April
Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund-XIX-Series 12, a close ended income scheme with the duration of 368 days from the date of allotment. The new issue opens on 27th April and closes on 28th April.
The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central, state 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 minimum investment amount is Rs5,000. CRISIL Short Term Bond Fund Index is the benchmark index for the scheme. Amit Tripathi is the fund manager.
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