Reliance Mutual Fund, Country's No 1 fund house, has launched 'Reliance Fixed Horizon Fund- X-Series 8', a close-ended income scheme in the market. The face value of new issue is Rs 10 per unit. 

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 and 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. 

Presently there are three plans available under each series of the scheme i.e. Retail, Institutional and Super institutional plan with growth and dividend option. 

The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. However, the minimum application amount under institutional plan is Rs 50 lakh and multiples of Re 1 thereafter. 

The positive feature regarding this fund is that it will not charge any entry load on the scheme. But, the scheme will charge 2.00% as an exit load if redeemed on or before completion of 6 months and levy 1.00% as an exit load if redeemed between 6 months to 1 day till the maturity of the scheme. 
The Fund seeks to collect a minimum targeted amount of Rs 20 crore under each series during NFO.