Religare has announced the New Fund Offer (NFO) Religare Fixed Maturity Plan - Series XIV - Plan E (370 Days), a close ended debt scheme.
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.
