Reliance MF launches new Fixed Horizon Fund

Reliance MF launches new Fixed Horizon Fund

 

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Name of Fund: Reliance Fixed Horizon Fund VII-Series 3

Scheme: It is a close-ended income scheme.

Objective: The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the series with the objective of limiting interest rate volatility.

Fund Opens: 26 February 2008

Fund Closes: 28 February 2008

Face Value: Rs 10 per unit.

Investment Options: The scheme will have growth and dividend option.

Entry Load: Being a close end scheme it will not charge any entry load during the initial offer.

Exit Load: The scheme charges an exit load of 2.00% if redeemed on or before completion of 6 months and 1.00% if redeemed between 6 months-1 day and maturity of the scheme.

Minimum Investment Amount: The minimum investment amount is Rs 5,000 and in multiple of Re 1 thereafter.

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