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04 Sep 2008 | 10:09 Reliance MF unveils Fixed Horizon Fund ? X - Series 15
Reliance Mutual Fund has launched Reliance Fixed Horizon Fund - X - Series
15. The new issue will open for subscription only on 4 September 2008. The
NFO price for the fund is Rs 10 per unit.

It is a close-ended income scheme. The primary investment objective of the
scheme is to seek to generate regular returns and growth of capital by
investing in a diversified portfolio of Central and State Government
securities and other fixed income/ debt securities normally maturing in line
with the time profile of the scheme with the objective of limiting interest
rate volatility.

Reliance Fixed Horizon Fund - X - Series 15 will have retail, institutional
and super institutional plan and each plan will have a growth and dividend
option.

The scheme does not levy entry load, as it is of close-ended nature.

The scheme charges an exit load of 0.30% of applicable NAV if investment is
redeemed before the maturity. The scheme levies no exit load if redeemed on
maturity date.

The minimum investment amount under retail plan is Rs 5,000 and in multiples
of Re 1 thereafter. For institutional plan, the minimum investment amount is
Rs 50 lakh and in multiples of Re 1 thereafter. Investors under super
institutional plan will have to apply for Rs 1 crore and in multiples of Re
1 thereafter.


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