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Wednesday, March 11, 2015

Religare Invesco Annual Interval Fund – Series 1 – Plan C Floats On

NFO period is from 11 March to 18 March 2015

Religare Invesco Mutual Fund has launched a new fund named as Religare Invesco Annual Interval Fund – Series 1 – Plan C, an interval income fund. The tenure of the scheme is 368 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 05 March to 11 March 2015. 

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 opening of the immediately following specified transaction period. 

The scheme offers growth & dividend payout option under both regular and direct plan. 

The scheme would allocate upto 100% of assets 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. 

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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