Religare MF launches Religare FMP - Series X -Plan C(18M)

Religare Mutual fund has come with new Fixed Maturity Plan, Religare Fixed Maturity Plan - Series X - Plan C (18 Months), a closed ended debt scheme. The scheme objective 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 New Fund Offer (NFO) opens for subscription on November 04, 2011 and closes on November 08, 2011. The offer price for the NFO is priced at Rs. 10 each.

The fund will invest 100 % in Debt Instruments including Money Market Instrument with Low Risk Profile. The Scheme may use derivatives for purposes as may be permitted from time to time. The maximum gross derivative position will be restricted to 50% of the net assets of the Scheme.

The minimum application amount is Rs. 5,000/- per application and in multiples of Rs. 10/- thereafter. The fund seeks to collect minimum target amount of Rs 20 Cores during the NFO period

The scheme is available in two options viz; Growth and Dividend

The scheme is benchmarked against CRISIL Short-Term Bond Fund Index.

The fund will be managed by Mr. Nitish Sikand

 

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