Reliance Capital to launch a new scheme

MUMBAI: Reliance Capital Mutual Fund will launch a new scheme "Reliance Short Term Fund" on December 9 targetted at investors with short-term surpluses. The scheme would invest in short-term debt and money market instruments and does not have any provision to invest in equity related instruments, the company said in a release here on Monday. It would have no entry and exit load and will close for subscription on December 17, it added.