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Reliance MF Launches Fixed-Horizon Fund
Reliance Mutual Fund has launched a new closed-end income scheme with the duration of 369 days from the date of allotment.
Reliance Mutual Fund(Reliance MF) has launched a new closed-end income scheme with the duration of 369 days from the date of allotment,MoneyGuru Indiareports. TheReliance Fixed Horizon Fund - XX - Series 15will invest in a portfolio of central, state government securities and other fixed-income or debt securities maturing on or earlier than the date of maturity of the scheme.
The fund, which will track the performance of theCrisil Short Term Bond Fund Index, will be managed byAmit Tripathi. The product offers both growth and dividend payout options.
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