Reliance Mutual Fund has launched the Reliance Dual Advantage Fixed Tenure Fund-XI-Plan B, a close ended income scheme. The NFO opens for subscription on May 19, 2017 and closes on June 02, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 per option and in multiples of Re 1.
The scheme's performance will be benchmarked against a mix of 80% Crisil Composite Bond Fund Index & 20% Nifty 50 Index and its fund managers are Sanjay H. Parekh, and Anju Chhajer.
The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.