Saturday, March 13, 2010 12:59 Hrs IST

Religare MF Unviels 18 Months Plan

NFO Period from 17 March to 25 March 2010

Religare Mutual Fund has unveiled a new fund named as Religare Fixed Maturity Plan – Series II – Plan E (18 Months) under Religare Fixed Maturity Plan – Series II – Plan A to F, a close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 17 March and close on 25 March 2010.

The investment objective of the scheme 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 Scheme is 18 months from the date of allotment of units.

Plan E would allocate up to 100% of assets in debt instruments including money market instruments with low risk profile. Investment in securitized debt including pass through certificate (PTC) shall not exceed 50% of the net assets of the plan. The plan will not invest in foreign securitized debt. 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.

Entry and exit load charge for the plan will be nil. The plan will be listed on the National Stock Exchange of India Ltd. (NSE).