 "Reliance Mutual Fund plans to hit the market with a new fund offering")
Reliance Mutual Fund plans to hit the market with a new fund offering, Reliance Nivesh Lakshya Fund, to predominantly invest in long-dated government securities.
The fund will have a maturity of 25-30 years to begin with and most of the securities would be bought and held till maturity. Incremental investments will be made in similar securities.
The aim is to secure the currently prevailing interest rates for the long term and provide a cushion against falling rates in the future.
Historically, countries transitioning to developed economies witness a fall in inflation and interest rates. The product will be applicable for indexation benefit after three years and provide the flexibility to withdraw investments anytime, at prevailing prices.
According to the fund house, the scheme would be suited for long-term goals such as retirement and children’s education. The accumulated corpus can be used to draw out annuity or regular cash flow, through systematic withdrawal plans.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%