Important dates for the two FMPs are:
Religare Fixed Maturity Plan - Series XI - Plan B: The NFO opens on December 13, 2011 and closes on December 14, 2011. The scheme has a duration of 369 days
Religare Fixed Maturity Plan - Series XI - Plan C : The NFO opens on December 13, 2011 and closes on December 19, 2011. The scheme has a duration of 13 Months
The investment objective of the schemes is to 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 targets to raise a minimum subscription (minimum target) amount of Rs 20 crore under each plan during the NFO period.
Allocation of funds:
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 and un-rated debt instruments. The maximum gross derivative position will be restricted to 50% of the net assets of the scheme.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
Options: Dividend Payout and Growth option
Exit Load: Nil
Listing: National Stock Exchange
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Mr. Nitish Sikand