Religare MF launches 369 Days Fund

Published: Saturday, July 30, 2011, 13:48 [IST]

Religare Mutual Fund has launched a new fund offer named as Religare Fixed Maturity Plan - Series VIII - Plan F (369 Days) under Religare Fixed Maturity Plan - Series VIII - Plan A to F on August 9, 2011. It"s a close-ended income scheme with tenure of 369 days from the date of allotment.

Investment objective:
The investment objective of the scheme is generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.

The scheme would allocate up to 100% of assets in debt instruments including money market instruments with low risk profile. The scheme will not invest in securitized debt. The maximum gross derivative position will be restricted to 50% of the net assets of the scheme.

Basic Details:
NFO Opens: August 9, 2011
NFO Closes: August 10, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Listing: Bombay Stock Exchange
Benchmark: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Nitish Sikand
Exit Load: Nil

OneIndia Money

Story first published: Saturday, July 30, 2011, 13:48 [IST]

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