Reliance Mutual Fund has rolled out a close-ended income scheme, India Infoline reports. The Reliance Fixed Horizon Fund - XX - Series 24 will be benchmarked against the CRISIL Short Term Bond Fund Index. The scheme, which offers growth and dividend payout options, will be managed by Amit Tripathi. The 370-days fund will allocate up to 100% of its assets in money market instruments, government securities issued by central and/or state government as well as other fixed-income or debt securities.
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