MASTER MIND FINNASSET: Religare Fixed Maturity Plan – Series XVIII – Plan E Floats On

Monday, March 25, 2013

Religare Fixed Maturity Plan – Series XVIII – Plan E Floats On

NFO period is from 22 March to 25 March 2013

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XVIII – Plan E (374 Days), a close ended debt scheme. The tenure of the scheme is 374 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription on 22 March and closes on 25 March 2013.

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.

The scheme offers growth & dividend payout option.

The scheme shall invest its entire corpus in debt instruments and money market instruments with low risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry and exit load charge for the scheme will be nil. The scheme will be listed on the NSE.

Benchmark Index for the scheme will be CRISIL Short Term Bond Fund Index.

Nitish Sikand will be the Fund Manager for the scheme.

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