Reliance MF Interval Fund IV - Series 2, a debt oriented interval scheme NFO

Reliance Mutual Fund (MF) has launched a new fund named as Reliance MF Interval Fund IV - 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 23 June to 7 July 2015.

The tenure of the scheme shall be of 1110 days. The first specified transaction date would be the 1110 th and 1111 th day for Reliance Interval Fund IV - 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 & 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 with low risk profile & invest 80% to 100% of assets in government securities & debt instruments with low to medium risk profile.

The minimum application amount is Rs. 5,000.

Entry & exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

The fund manager of the scheme will be Amit Tripathi.

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