Reliance Mutual Fund (Reliance MF) has launched a new closed-end income scheme with the duration of 369 days from the date of allotment, MoneyGuru India reports. The Reliance Fixed Horizon Fund - XX - Series 15 will invest in a portfolio of central, state government securities and other fixed-income or debt securities maturing on or earlier than the date of maturity of the scheme.
The fund, which will track the performance of the Crisil Short Term Bond Fund Index, will be managed by Amit Tripathi. The product offers both growth and dividend payout options.
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