Religare MF launches two fixed maturity plans

Mutual Funds

oi-Monika Nihalani

By Monika Nihalani

Published: Friday, August 26, 2011, 13:36 [IST]

Religare Mutual Fund has launched two new schemes named as Religare Fixed Maturity Plan - Series IX - Plan C (182 Days) and Religare Fixed Maturity Plan - Series IX - Plan D (370 Days), under Religare Fixed Maturity Plan - Series IX - Plan A to F. Both are close-ended income schemes. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit.

Important dates for the two FMPs are:
Religare Fixed Maturity Plan - Series IX - Plan C (182 Days): The NFO opens on September 9, 2011 and closes on September 12, 2011. The scheme has a duration of 182 days.

Religare Fixed Maturity Plan - Series IX - Plan D (370 Days): The NFO opens on September 9, 2011 and closes on September 13, 2011. The scheme has a duration of 370 days.

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 (minimum target) amount of Rs 1 crore under each plan during the NFO period.

Fund Allocation:
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.

Other information:
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Options: Dividend Payout and Growth option
Exit Load: Nil
Listing: Bombay Stock Exchange
Benchmark: CRISIL Short Term Bond Fund Index
Fund Manager: Mr. Nitish Sikand

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