Religare MF Unveils 15 Months Plan (25-Feb-2010)
Religare Mutual Fund has launched a new close ended debt scheme named as Religare Fixed Maturity Plan - Series II - Plan B (15 Months). The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from February 26 and will close on March 4, 2010.
The scheme's investment objective is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the Scheme. The tenure of the Plan B is 15 months from the allotment date of units. The Plan B would allocate up to 100% of assets in debt instruments including money market instruments with low risk profile. However, the investment in securitized debt including pass through certificate (PTC) shall not exceed 50% of the net assets of the plan. Meanwhile, the plan will not invest in foreign securitized debt. However, the investment in foreign debt securities (including units of overseas mutual fund investing in foreign debt securities/ money market instruments) shall not exceed 50% of the net assets of the plan.
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