Reliance Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme named as ' Reliance Fixed Horizon Fund - XXXVI'. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be Nil for the scheme. .
The scheme offers Growth option and Dividend Payout Option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The scheme’s performance will be benchmarked for series having duration 15 days to 90 Days is Crisil Liquid Fund Index, for series having duration 91 days to 36 months 15 Days is Crisil Short Term Bond Fund Index, for series having a duration above 36 months 15 Days to 120 months 7 days - Up to 7 Years Crisil Composite Bond Fund Index and for series with more than 7 year duration the benchmark shall be I Sec Li Bex. The minimum application amount is Rs 5,000 and multiples of Rs 10 thereafter.
The primary investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.