Featured, Mutual Funds

Reliance Mutual Fund Investment Fixed Horizon Fund – XXXIX- Series 7 Launched

Reliance AMC has launched a new Fixed Horizon Fund which will open for subscription from September 17, 2018, to September 18, 2018. The tenure of the Reliance Mutual Fund Investment Fixed Horizon FundXXXIX – Series 7, a close-ended income scheme, is 175 days from the date of allotment.

The investment objective of the Fixed Horizon Fund is to generate returns and growth of capital by making investments in a diversified portfolio of Central and State Government instruments and other fixed income/ debt instruments, maturing on or before the maturity date of the scheme. The scheme aims at limiting interest rate volatility.

The minimum application amount for the Reliance Fixed Horizon Fund – XXXIX- Series 7 is 5000 Rupees for the initial investment and in multiples of one Rupee thereafter. The face value of the new issue will be 10 Rupees per unit. The scheme has no entry load and exit load charge.

The close-ended income scheme offers both Direct and Regular Plans with Growth and Dividend Payout options.

The Reliance Mutual Fund Investment Fixed Horizon Fund will invest up to 100 percent of its assets in money market securities, Government instruments/ State Development Loans (SDLs) and Debt securities with low to medium risk profile.

The Benchmark Index for the Reliance Fixed Horizon Fund – XXXIX- Series 7 scheme is Crisil Short Term Bond Fund Index. Mr. Amit Tripathi is the fund manager of the scheme.

The Fixed Horizon Fund aims to collect a minimum subscription amount or minimum target amount of 20 crore Rupees during the NFO (New Fund Offer) period, according to KJMC.

Mr. Tripathi who will be managing the Reliance Mutual Fund Investment Fixed Horizon Fund has worked with New India Assurance Co. Ltd, Sun Invest Associates Ltd, and CFS Financial Services Pvt. Ltd, before joining Reliance Asset Management Company. He holds B.Com (H) and PGDM as his educational qualifications, according to The Economic Times.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
coinmag

Bindhu Mol. G loves writing news articles. She excels in SEO articles, technical articles and academic articles. She covers commodities and mutual fund news for OWLT Market.

Leave a Comment

Your email address will not be published. Required fields are marked *