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Religare MF launches Religare Fixed Maturity Plan - Series IX - Plan E


Religare MF launches Fixed Maturity Plan
Religare Mutual Fund is coming up with a new fund offer named as Religare Fixed Maturity Plan - Series IX - Plan E (370 Days), under Religare Fixed Maturity Plan - Series IX - Plan A to F on September 16, 2011. It"s an close-ended debt scheme.

The tenure of the scheme is 370 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit.

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 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.

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

Basic Details:

NFO Opens: September 16, 2011

NFO Closes: September 20, 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

Exit Load: Nil

Benchmark: CRISIL Short Term Bond Fund Index

Fund Manager: Mr. Nitish Sikand

Read more about: mutual funds nfo fmp religare
Story first published: Wednesday, September 7, 2011, 14:15 [IST]
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