Reliance MF Floats Reliance Fixed Horizon Fund - XXII - Series 38
NFO Period from 1 January to 8 January 2013
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 date of maturity of the scheme with the objective of limiting interest rate volatility.
The scheme offers two options viz. growth and dividend payout option.
Reliance Fixed Horizon Fund - XXII - Series 38 will allocate upto 40% of assets in Money Market Instruments with low risk profile. On the other side it would allocate 60% to 100% of assets in Government Securities & debt instruments with low to medium risk profile.
40% to 45% of net assets would be invested in AAA/A1+ rated non convertible debentures (NCDs) / bonds and 55% to 60% in AA rated NCDs / bonds.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.
The fund manager of the scheme will be Amit Tripathi.
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The scrip opened at Rs. 0 and has touched a high and low of Rs. 0 and Rs. 0 respectively. So far 0 shares were traded on the counter. The current market cap of the company is Rs. 0 crore.
The BSE group '' stock of face value Rs. has touched a 52 week high of Rs. 0 on 01-Jan-1970 and a 52 week low of Rs. 0 on 01-Jan-1970. Last one week high and low of the scrip stood at Rs. 0 and Rs. 0 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 0 % respectively.
The stock is currently trading below its 200 DMA.
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