Religare Fixed Maturity Plan – Series III – Plan A to F – Plan B (18 Months) : NFO

by khalid on 23/06/2010 · 0 comments

Religare Mutual Fund is managed by Religare Asset Management Company Limited, a subsidiary of Religare Securities Limited (RSL). Religare Mutual Fund ihas launched a New Fund Offer (NFO) named as Religare Fixed Maturity Plan – Series III – Plan A to F – Plan B (18 Months). This is a close ended income fund. The objective of the fund is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the Scheme. Plan B offers growth & dividend payout option. Plan B would allocate up to 100% of assets in debt instruments including money market instruments with low risk profile. Investment in securitized debt including pass through certificate (PTC) shall not exceed 50% of the net assets of the plan. The plan will not invest in foreign securitized debt. Investment in foreign debt securities (including units of overseas mutual fund investing in foreign debt securities/ money market instruments) shall not exceed 50% of the net assets of the plan.

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit load charge will be 0.25% if the amount sought to be redeemed or switched out is invested up to 1 month from the date of allotment, nil thereafter.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Nitish Sikand and Mr. Pranav Gokhale are the Fund Managers of the plan.

Fund NameReligare Mutual Fund
Scheme Name Religare Fixed Maturity Plan - Series III - Plan A to F - Plan B (18 Months)
Scheme CategoryClose Ended (Income)
NFO Launch Date21st Jun 2010
NFO Closure Date29th Jun 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website : www.religaremf.com

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