Religare has announced the New Fund Offer (NFO) Religare
Fixed Maturity Plan - Series XIV - Plan E (370 Days), a close ended debt
The NFO opens for subscription on May 14, 2012 and closes
on May 15, 2012.The duration of the scheme is 370 days from the date of
allotment of units. No entry and exit load charges is applicable for the
scheme. The scheme offers dividend payout and growth option.
Benchmark Index for the scheme is CRISIL Short Term Bond
Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10
thereafter. The fund manager for the scheme will be Nitish Sikand.
The investment objective of the scheme is generate income
by investing in a portfolio of debt and money market instruments maturing on or
before the date of maturity of the scheme.