Reliance Mutual Fund has filed offer document with Sebi to launch Reliance Yearly Interval Fund - Series 11, a debt oriented interval scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility.
Options: The scheme offers growth and dividend (payout and reinvestment) option.
Asset Allocation: The scheme shall invest 70% to 100% of assets in money market instruments and upto 100% of assets in government securities & debt instruments.
Benchmark: The Scheme's performance will be benchmarked against CRISIL Short Term Bond Fund Index.
Loads: Entry and exit load charge will be nil.
Minimum Application Amount: Rs. 5,000 and in multiples of Rs 1 thereafter.
Minimum Target Amount: Rs. Twenty crore
Fund Manager: The scheme will be managed by Amit Tripathi.