Religare Mutual Fund has launched the New Fund Offer (NFO) of Religare Fixed Maturity Plan - Series XVI - Plan C (367 days), a close ended income scheme.
The NFO opens for subscription on December 3, 2012 and closes on December 3, 2012. No entry load or exit load will be applicable for the scheme.
The minimum subscription amount is Rs 5,000 and multiples of Rs 10 thereafter.
The scheme's performance will be benchmarked against CRISIL Short-Term Bond Fund Index and its fund manager is Nitish Sikand.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.