Thread: Reliance Mutual Fund Update

Reliance Mutual Fund has launched a new fund named as Reliance Fixed
Horizon Fund - XV - Series 4, a close ended income scheme. The New Fund
Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open
for subscription from 26 April and closes on 27 April 2010.

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, 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.

The duration of the scheme is 371 days from the date of allotment.
The scheme offers two options viz. growth and dividend payout option.
The scheme will allocate up-to 70% of assets in money market instruments
and it would allocate 30% to 100% of assets in Government Securities
issued by Central & or State Government & other fixed income/ debt
securities including but not limited to Corporate bonds and securitized
debt with low to medium risk profile. Debt Securities will also include
securitised debt, which may go up to 75% of the portfolio. Average
maturity of the securities will be in line with the maturity profile of
the scheme.

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 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.

hope its helpful!

Reliance Mutual Fund has decided to make changes in features of Systematic Investment Plan (SIP) and introduces daily frequency in Systematic Transfer Plan (STP). The changes will be effective from 3 May 2010

what about investing in gold as mutual funds?

In the MF market While crop funds are increasingly becoming popular among investors, some of the conservative market experts fear a deep credit squeeze or a string of payment defaults could result in loss of investments.i wonder how true that fear is?

Currently fund houses like Templeton, DWS, Reliance Mutual, Religare Mutual and Kotak Mutual Fund have crop funds with varying investment styles and structures.

Analysts at Citigroup Inc., Motilal Oswal Securities Ltd and ICICI Securities Ltd had estimated a net profit of between Rs172 crore and Rs187.5 crore, and the reported profit is 25% higher than the median of their estimates.

The country's largest fund house, Reliance Mutual Fund, witnessed an increase of over Rs 1,400 crore in its average assets in April.

The company witnessed an addition of Rs 1,406.62 crore in its average assets under management (AAUM) to Rs 1,11,819.33 crore during the month, according to the data available with the Association of Mutual Fund of India.