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​​​​​​​​​​​​​​​​​​​ ​​​​​Home Funds and Performance Reliance Nivesh Lakshya Fund. ​​​​​​​​​​​​​

Reliance Nivesh Lakshya Fund

An open ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years (Please refer to the page number 1 of the Scheme Information Document on which the concept of Macaulay’s Duration has been explained)

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This product is suitable for investors who are seeking*:

  • Income over long term
  • Investment in debt and money market instruments such that the Macaulay duration of the portfolio of greater than 7 years

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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  • Investment Objective:
    The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.

Fund PerformanceGrowth Plan

  • Latest NAV (15 Feb 2019)10.8577


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Fund Details

  • Inception Date6 Jul 2018
  • Fund ManagerMr. Prashant Pimple
Current Investment Philosophy
    • Investments in long term fixed income securities including Government Securities at the current yields.
    • Most of the securities would be bought and held till maturity.
    • Rebalancing the portfolio to ensure that similar securities mix is maintained.
Minimum Investment
5000.00

    and in multiples of Re. 1 thereafter

Fund Manager
Load Details

Entry Load*: Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

10% of the units allotted can be redeemed every year without any exit load, on or before completion of 36 months from the date of allotment of units. Any redemption in excess of such limit in the first 36 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO):

1% if redeemed or switched out on or before completion of 36 months from the date of allotment of units

Nil, thereafter.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service Tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Income over long term
  • Investment in debt and money market instruments such that the Macaulay duration of the portfolio of greater than 7 years

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Details as on Jan 31 , 2019

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