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Wednesday, July 22, 2015

Reliance Dual Advantage Fixed Tenure Fund VIII – Plan A Floats On

NFO period is from 22 July to 05 August 2015

Reliance Mutual Fund has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund VIII – Plan A, a close ended hybrid scheme with the duration of 1101 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 22 July and close on 05 August 2015. 

The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio 
of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure. 

The scheme offers two options viz. growth and dividend payout option. 

The scheme will allocate 65% to 95% of assets in debt securities with low to medium risk profile, upto 30% of assets in money market instruments with low to medium risk profile and 5% to 20% of assets in equities & equity related instruments (including options premium) with medium to high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 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 & exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is a mix of 85% CRISIL Short Term Bond Fund Index & 15% CNX Nifty Index. 

The fund managers for the scheme are Krishan Daga and Anju Chajjer. 
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