Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund XXXIV-Series 1, a close ended income scheme. The NFO opens for subscription on May 16, 2017 and closes on May 29, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme's performance will be benchmarked against Crisil Composite 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 maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility of Central and State Government securities and other fixed income/ debt securities.