Religare MF introduces Religare Fixed Maturity Plan - Series XII - Plan B
Time - 24/01/2012 : 14:46
Religare Mutual Fund has launched the New Fund Offer (NFO) Religare Fixed Maturity Plan - Series XII - Plan B (14 Months), a close ended debt scheme.
NFO opens for subscription on January 24, 2012 and closes on February 2, 2012. No entry and exit load charges will applicable for the scheme. The scheme offers dividend payout and growth option. The duration of the scheme is 14 months from the date of allotment of units
The scheme will be benchmark against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The scheme will be managed by Nitish Sikand.
The investment objective of the scheme 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.
