Religare Mutual Fund has unveiled two new funds named as Religare Fixed Maturity Plan - Series XI - Plan B (369 Days) and Religare Fixed Maturity Plan - Series XI - Plan C (13 Months), close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opening and closing dates are as follows:
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| Name of Plans | NFO Opening Date | NFO Closing Date | Duration |
| Religare Fixed Maturity Plan - Series XI - Plan B (369 Days) | 13 December 2011 | 14 December 2011 | 369 Days |
| Religare Fixed Maturity Plan - Series XI - Plan C (13 Months) | 13 December 2011 | 19 December 2011 | 13 Months |
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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.
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The scheme offers growth & dividend payout option. �
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The scheme would allocate up to 100% of assets in debt instruments including money market instruments with low risk profile. The scheme will not invest in securitized debt and un-rated debt instruments. The maximum gross derivative position will be restricted to 50% of the net assets of the scheme.
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The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
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The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under each plan during the NFO period.
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Entry and exit load charge for the scheme will be nil. The scheme will be listed on the NSE.
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Benchmark Index for the scheme will be CRISIL Short Term Bond Fund Index.
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Mr. Nitish Sikand will be the Fund Manager for the scheme.
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