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Wednesday, June 11, 2014

Religare Invesco Fixed Maturity Plan – Series 23 – Plan N (367 Days) Floats On

NFO period is from 13 June to 16 June 2014

Religare Invesco Mutual Fund has launched a new fund named as Religare Invesco Fixed Maturity Plan – Series 23 – Plan N (367 Days), a close ended debt scheme. The tenure of the scheme is 367 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 from 13 June to 16 June 2014. 

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 upto 100% of its asset in debt instruments including 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 load: Nil 

Exit load: Not applicable. 

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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