Reliance Mutual Fund has launched a new close ended income scheme named Reliance Fixed Horizon Fund XXIX- Series 20 with maturity period of 1188 days from the date of allotment. The new fund offer (NFO) price for the scheme is INR 10 per unit. The NFO opened for subscription on January 01, 2015 and will close on January 05, 2015.

The minimum application amount is INR 5,000 and in multiples of INR 1 thereafter. The options available under the plan of the scheme are growth and dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index.

Amit Tripathi will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate returns and growth of capital will be met by investing in a diversified portfolio of securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. Hence, the scheme will allocate 80% to 100% of asset in Debt Instruments including Government Securities and 0% to 20% of asset in Money Market Instruments.