Religare Mutual Fund has announced the NFO Religare Fixed Maturity Plan - Series XIV - Plan F (367 Days), a close ended debt scheme.
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.
The NFO opens for subscription on June 1, 2012 and closes on June 4, 2012. The duration of the scheme is 367 days from the date of allotment. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The scheme will be managed by Nitish Sikand.
Source: Accord Fintech
