Religare MF Launches Religare Fixed Maturity Plan - Series XIV - Plan F

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan - Series XIV - Plan F (367 Days), a close ended debt scheme. The tenure of the scheme is 367 days from the date of allotment.

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 offers growth & dividend payout option.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

Allocation of Funds:
The scheme would allocate upto 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. 95% to 100% of net assets would be invested in AAA / equivalent rated certificate of deposits and upto 5% of net assets would be invested in AAA / equivalent rated CBLO, G-Sec, T-Bills. Securities with rating A and AA shall include A+ and A- & AA+ and AA- respectively.

Basic Details:
NFO Opens: June 1, 2012
NFO Closes: June 4, 2012
NFO: Rs 10 per unit
Listing: NSE
Listing:CRISIL Short Term Bond Fund Index.
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Nitish Sikand

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