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Reliance Fixed Maturity Fund

Reliance Mutual Fund has launched a fixed maturity plan. Named as Reliance Fixed Maturity Fund - Series II, Annual Plan II, the fund opened for subscription on May 3, 2005, and would continue till May 18, 2005. A close-end fund, the maturity period for the scheme is 392 days.

The minimum application amount has been fixed at Rs 5,000 and in multiples of Re 1 thereafter. The fund offers both growth and dividend options.

The primary objective of the scheme is to seek growth of capital by investing in a portfolio of fixed income securities, normally maturing in line with the fund.