Reliance Fixed Horizon Fund – XXXIV – Series is a close-ended income scheme which will give a return over the medium term tenure of the fund. The fund will limit its interest rate volatility by investing in debt, money market and G-sec instrument maturing on or before the date of maturity of the scheme.
Here are a few things to know about the scheme:
New Fund Offer time period
The NFO opened on May 16, 2017, and closes on May 29, 2017
Investment Objective
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 –
• Central and State Government securities and
• Other fixed income/ debt securities
However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved
Asset Allocation
The scheme will invest in securitised debt which may be up to 25% of the net assets of the scheme. The scheme will not invest in foreign securities, securities lending or engage in short selling.
Liquidity of the Scheme
It is a close-ended scheme. The units therefore can be purchased only during the New Fund Offer (NFO) period of the scheme. No redemption/repurchase of units shall be allowed prior to the maturity of the close-ended schemes. Units held in dematerialized form can only be traded on the Stock Exchange, where the units are listed.
Load Structure
The entry load and exit load is not applicable under this scheme.
Minimum Application Charges
The minimum application charges will be of Rs 5000, which can be increased in multiples of Re 1 thereafter during the New Fund Offer period.
Scheme’s Benchmark
The benchmark of the scheme is Crisil Composite Bond Fund Index.
It is, however, to be noted that one should consult one’s financial adviser before investing in such a fund. Moreover, one must link one’s investments to one’s financial goals of life.
(Source: amfiindia website)
