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Reliance Plans New Income Fund

Reliance Mutual Fund is planning to unveil a new income fund.

    Reliance Mutual Fundis planning to unveil a new income fund,Economic Timesreports. TheReliance Fixed Horizon Fund – XXwill be a close-ended income scheme trackingCrisil’sShort Term Bond Fund Index.

    The scheme will invest about 70% of assets in money market instruments with low to medium risk profile, while 30-100% of assets will be allocated to government securities and other fixed income / debt securities but not limited to corporate bonds with low to medium risk profile, addsIndia Infoline.Amit Tripathihas been appointed as the fund manager.

    Click here for the story fromEconomic Times.

    Click here for the additional coverage fromIndia Infoline.

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