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Friday, September 26, 2014

Reliance Interval Fund III – Series 2 Floats On

NFO period is from 26 September to 09 October 2014 

Reliance Mutual Fund has launched a new fund named as Reliance Interval Fund III – Series 2, a debt oriented interval scheme. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 26 September to 09 October 2014. 

The tenure of the scheme shall be of 367 days. The first specified transaction date would be the 367th & 368th day for Reliance Interval Fund III – Series 1 from the date of allotment.
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 which are maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility. 

The scheme offers growth plan, dividend plan (having dividend payout option), direct plan – growth plan, direct plan – dividend plan (having dividend payout option). 

The scheme would allocate upto 100% of assets in money market instruments & government securities & debt instruments with low to medium risk profile. 

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 and for every Specified Transaction 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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