Reliance Mutual Fund has rolled out a closed-end income scheme, India Infoline reports. The Reliance Fixed Horizon Fund – XX – Series 31, which offers growth and dividend payout option, is benchmarked against the Crisil Short Term Bond Fund Index.
The scheme will invest up to 70 percent of its assets in money market instruments and 30 percent to 100 percent in government securities. The new fund will be managed by Amit Tripathi.
Click here for the story from India Infoline.