Reliance MF launches “Reliance Dual Advantage Fixed Tenure
Fund VI- Plan B”; NFO to close on August 27 18/08/2014 12:58
Reliance Mutual Fund has launched a new close ended hybrid scheme named “Reliance Dual Advantage Fixed Tenure Fund VI- Plan B” with maturity period of 1108 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 August 13 and will close on August 27. 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 Chajje 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 reduce interest rate volatility will be met by investing in a portfolio of fixed income securities. Hence, the scheme will allocate 65 to 95 per cent of asset in debt instruments, 0 to 30 per cent in money market instruments and 5 to 20 per cent in equity and equity related instruments.
Reliance Mutual Fund has launched a new close ended hybrid scheme named “Reliance Dual Advantage Fixed Tenure Fund VI- Plan B” with maturity period of 1108 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 August 13 and will close on August 27. 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 Chajje 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 reduce interest rate volatility will be met by investing in a portfolio of fixed income securities. Hence, the scheme will allocate 65 to 95 per cent of asset in debt instruments, 0 to 30 per cent in money market instruments and 5 to 20 per cent in equity and equity related instruments.
