It is a close-ended income scheme. 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.

Reliance Fixed Horizon Fund - X - Series 3 will have retail, institutional and super institutional plan and each plan will have a growth and dividend option.

The scheme does not levy entry load, as it is of close-ended nature.

The scheme charges an exit load of 2.00% of applicable NAV if investment is redeemed before completion of 6 months and 1.00% if between 6 months-1 day till the maturity of the scheme. The scheme levies no exit load if redeemed on maturity date.

The minimum investment amount under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. For institutional plan, the minimum investment amount is Rs 50 lakh and in multiples of Re 1 thereafter. Investors under super institutional plan will have to apply for Rs 1 crore and in multiples of Re 1 thereafter.

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