Reliance MF launches “Reliance Fixed Horizon Fund- XXVI- Series 27”; NFO to close on June 03 30/05/2014

Reliance MF launches “Reliance Fixed Horizon Fund- XXVI- Series 27”; NFO to close on June 03
30/05/2014 10:51
Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund- XXVI- Series 27” with maturity period of 368 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on June 03. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Amit Tripathi will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and growth of capital will be met by investing in a portfolio of money market instruments, government securities & debt instruments. Hence, the scheme will allocate 0 to 100 per cent of asset in money market instruments, government securities & debt instruments.

Reliance MF launches “Reliance Dual Advantage Fixed Tenure Fund V- Plan H”; NFO to close on June 02 : 20/05/2014

Reliance MF launches “Reliance Dual Advantage Fixed Tenure Fund V- Plan H”; NFO to close on June 02
20/05/2014 11:12
Reliance Mutual Fund has launched a new close ended hybrid scheme named “Reliance Dual Advantage Fixed Tenure Fund V- Plan H” with maturity period of 1091 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 19 and will close on June 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Krishan Daga and Anju Chajjer will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and reduce interest rate volatility will be met by investing in a portfolio of debt securities, money market instruments and equity & equity related instruments (including options premium). Hence, the scheme will allocate 65 to 95 per cent of asset in debt securities, 0 to 30 per cent of asset in money market instruments and 5 to 20 per cent of asset in equity & equity related instruments (including options premium).