Religare MF rolls out new scheme
Religare Mutual Fund has unveiled a new close ended debt scheme named as Religare Fixed Maturity Plan – Series II – Plan D (24 Months). The scheme’s New Fund Offer (NFO) price is Rs 10 per unit. The new issue will be open for subscription from March 12 and will close on March 18, 2010.
The scheme’s investment objective is to generate income by investing in a portfolio of debt as well as money market instruments normally maturing in line with the time profile of the Scheme. The tenure of the Plan D is 24 months from the allotment date of units.
The plan D offers growth & dividend payout option. Meanwhile, the Plan D would allocate up to 100% of assets in debt instruments that includes money market instruments with low risk profile. However, the investment in securitized debt including pass through certificate (PTC) shall not more than 50% of the net assets of the plan. The plan will not invest in foreign securitized debt. Moreover, the investment in foreign debt securities (including units of overseas mutual fund investing in foreign debt securities/ money market instruments) shall not more than 50% of the net assets of the plan.
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