Reliance Mutual Fund launches Reliance Nivesh Lakshya Fund

Mutual Fund
Jun 18, 2018 by Advisorkhoj Team | Mutual Fund | 32 Downloaded

NFO period: 18th June – 02nd July, 2018

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in instruments such that the Macaulay duration of the portfolio is greater than 7 years

  • Investment objective – The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.

  • Product suitability – The product is suitable for investors who are seeking income over long term by investing in Debt & Money Market instruments with portfolio Macaulay duration of greater than 7 years.

  • Minimum Application Amount – First investment is Rs. 5,000/- and multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend payout Option.

  • Fund Managers – Mr. Prashant Pimple and Ms. Kinjal Desai

  • Benchmark – Crisil Long Term Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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