Reliance Mutual Fund launches fixed maturity plan

Bangalore: Reliance Mutual Fund has come up with a fixed maturity plan - Fixed Horizon Fund - XIV - Series 9.

As per the scheme information document, the primary investment objective is to generate regular returns and growth of capital by investing in central and state government securities and other fixed income or debt securities, normally maturing in line with the scheme's maturity, with the objective of limiting interest rate volatility.

The close-ended scheme, which opened for subscription from April 7, 2010, will close on April 15, 2010. The mini-mum subscription amount for the scheme is Rs. 5,000.