MASTER MIND FINNASSET: Religare Fixed Maturity Plan - Series XVII - Plan A to F files offer document with Sebi

Tuesday, December 04, 2012

Religare Fixed Maturity Plan - Series XVII - Plan A to F files offer document with Sebi

A close-ended debt scheme

Religare Mutual Fund has filed offer document with Sebi to launch Religare Fixed Maturity Plan - Series XVII - Plan A to F, a close-ended debt scheme. The New Fund Offer price is Rs 10 per unit. Religare Fixed Maturity Plan - Series XVII - Plan A to F offers plans of tenure from 1 month to 60 months from the date of allotment of the respective Plan(s) (including the date of allotment).

Investment objective: 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.
Options: Religare Fixed Maturity Plan - Series XVII offers six plans viz. Plan A, B, C, D, E & F. Each of these Plans offers growth and dividend payout option. Each Fixed Maturity Plan will be managed as a separate portfolio.

Benchmark:

For Plans having maturity upto 3 months / 91 days: CRISIL Liquid Fund Index.

For Plans having maturity of more than 3 months / 91 days and upto 36 months: CRISIL Short-Term Bond Fund Index.

For Plans having maturity of more than 36 months: CRISIL Composite Bond Fund Index
Loads: Nil

Minimum Application Amount: Rs.5,000 per application and in multiples of Rs. 10 thereafter.

Minimum Target Amount: Rs. 20 Crores for each Fixed Maturity Plan.

Asset Allocation:

Plans under the Scheme having maturity upto 400 days from the date of allotment: The scheme shall invest upto 100% in debt instruments including money market instruments.
Plans under the Scheme having maturity more than 400 days and upto 1098 days / 3 years from the date of allotment: The scheme shall invest 60%-100% in debt instruments and up to 40% in money market instruments.

Plans under the Scheme having maturity more than 1098 days / 3 years and upto 1830 days / 5 years from the date of allotment: The scheme shall invest 80%-100% in debt instruments and up to 20% in money market instruments.

Fund Manager: Mr. Nitish Sikand

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