Reliance Mutual Fund Update

Reliance Mutual Fund has launched a new fund named as Reliance Fixed

Horizon Fund - XV - Series 4, a close ended income scheme. The New Fund

Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open

for subscripttion from 26 April and closes on 27 April 2010.

The primary investment objective of the scheme is to seek to generate

regular returns and growth of capital by investing in a diversified

portfolio of Central, State Government securities and other fixed income/

debt securities normally maturing in line with the time profile of the

scheme with the objective of limiting interest rate volatility.

The duration of the scheme is 371 days from the date of allotment.

The scheme offers two options viz. growth and dividend payout option.

The scheme will allocate up-to 70% of assets in money market instruments

and it would allocate 30% to 100% of assets in Government Securities

issued by Central & or State Government & other fixed income/ debt

securities including but not limited to Corporate bonds and securitized

debt with low to medium risk profile. Debt Securities will also include

securitised debt, which may go up to 75% of the portfolio. Average

maturity of the securities will be in line with the maturity profile of

the scheme.

The minimum application amount is Rs 5000 and in multiples of Re 1

thereafter.

The fund seeks to collect a minimum subscripttion (minimum target) amount

of Rs 20 crore under the scheme during the NFO period.

Entry and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

The fund manager of the scheme will be Amit Tripathi.