Reliance Dual Advantage Fixed Tenure Fund XI – Plan B is a close-ended hybrid scheme where the principal amount of an investor will get invested at moderate risk. Therefore, investors who want return and growth over the long-term tenure of the fund may invest in this fund.
Here are a few things to know about the scheme:
New Fund Offer time period
The NFO opened on May 19, 2017, and closes on June 2, 2017
Investment Objective
The scheme seeks 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. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Asset Allocation
Equity exposure can be taken either through the purchase of equity shares / other equity related instruments/ securities or through investments in derivatives. Investments in derivatives would be made as per applicable regulatory guidelines including investments in futures and options.
Liquidity of the Scheme
Reliance Dual Advantage Fixed Tenure Fund XI – Plan B, is a close-ended Hybrid scheme; the units 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 scheme. Units held in dematerialized form can only be traded on the stock exchange, where the units are listed.
Load Structure
Entry load and Exit load both are not applicable under this scheme.
Minimum Application Charges
Rs 5000 per option and in multiples of Re 1 thereafter.
Scheme’s Benchmark
A mix of 80% Crisil Composite Bond Fund Index & 20% Nifty 50 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: amfiinida website)
