Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund - XXII - Series 17, a close ended income scheme.
The NFO opens for subscription on August 10, 2012 and closes on August 16, 2012. No entry load or exit load will be applicable for the scheme.
The minimum subscription amount is Rs. 5,000 and multiples of Rs. 1 thereafter.
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 which are maturing on or before the date of maturity of the scheme with the object of limiting interest rate volatility - Central and State Government securities and other fixed income/ debt securities.