Reliance Mutual Fund will launch an open-ended debt scheme, Reliance Nivesh Lakshya Fund which will invest in long-dated government securities.

The scheme will open for subscription on June 18 and close on July 2. The fund house aims to raise Rs.2,500 crore via the new fund offer. Reliance Nivesh Lakshya Fund is a tax-efficient debt product and will invest its entire fund in debt and money market instruments.

Further, it will be investing in 25 to 30 years Government Securities (G-Sec) to achieve long-term goals for investors and it also has the provision to invest up to 10% of its corpus in Real estate investment trusts (REITs) and Infrastructure Investment Trusts (InvITs).

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