Reliance Mutual Fund has rolled out a close ended income scheme, India Infoline reports. The Reliance Fixed Horizon Fund - XIX - Series 21, which offers units at $0.22 per unit, will close on July 11, 2011.
The scheme will allocate about 70% of assets in money market instruments with low to medium risk profile and the remaining 30% to government securities. The scheme, which is benchmarked against the CRISIL Short Term Bond Fund Index, will be managed by Amit Tripathi.
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