NFO now open ; closes March 25, 2010
Religare Mutual Fund has launched an 18 month fixed maturity plan (FMP) – Religare Fixed Maturity Plan - Series II - Plan E (18 Months). The New Fund Offer is opened for subscription from today, March 17, 2010 and closes on Thursday, March 25, 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 maturity profile of the Scheme. The benchmark of the Scheme is the CRISIL Short Term Bond Fund Index.
Religare FMP - Series II - Plan E (18 months) has a minimum application amount of Rs.5000/- and in multiples of Rs.10/- thereafter. The Scheme offers dividend payout and growth options. The Units of the Scheme will not be available for subscription / switch-in / redemption after the closure of the NFO Period.
The Units of the Scheme will be listed on the capital market segment of National Stock Exchange of India Ltd. ('NSE'). The price of Units on the NSE will depend on demand and supply at that point of time and underlying NAV. Investors can purchase / sell their Units on a continuous basis on the stock exchange once these Units are listed. There is no minimum investment, although Units are normally traded in round lots of 1 Unit.
About Religare Asset Management
With average assets under management of over INR 148 bn ( for February 2010), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.
Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd. which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.
For more information, log on to www.religaremf.com
About Religare Enterprises Limited - http://www.religare.in
Religare is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. The group has also pioneered the concept of investments in alternative asset classes such as arts and films. With 10,000 plus employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals, and retail investors. Religare Enterprises Limited is part of a family of companies that fall under the broader Religare brand, which includes other global businesses such as diagnostics, aviation and travel, wellness retail, and IT products and solutions.
Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the objectives of Scheme will be achieved. Investment in Mutual Fund units involve investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of capital. As with any investment in securities, the NAV of the units issued under the Scheme may go up or down depending upon the factors and forces affecting the securities markets. Although Units of the Scheme are to be listed on the Exchange, there can be no assurance that an active secondary market will develop or be maintained. Trading in Units of the Scheme on the Exchange may be halted because of market conditions or for other reasons. The Units of the Scheme may trade above or below their NAV. Past performance of the Sponsor and its affiliates / AMC / Mutual Fund and its scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund. Investors in the Scheme are not being offered any guaranteed / assured returns. Religare Fixed Maturity Plan - Series II - Plan E (18 Months), a Close Ended Debt Scheme is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme or its future prospects and returns. Investment Objective: To generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the Scheme. Asset Allocation: Debt instruments* including money market instruments: 0% - 100%. *Investment in securitized debt including pass through certificate <= 50% of the net assets. The Scheme 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) <= 50% of the net assets. Load Structure: Entry Load: Nil. Exit Load: Not Applicable. Please read the Scheme Information Document (SID) and Statement of Additional Information (SAI) before investing. SID, SAI and Key Information Memorandum cum Application Form are available at the ISC/Distributors. Terms of Issue: Units will be issued at Rs. 10/- per unit during the NFO. As the Scheme is closed ended debt scheme, investors will not be able to redeem their units during the tenor of the Scheme. Units under the Scheme will be compulsorily and without any further act by the Unit holder(s) redeemed on the Maturity Date/ Final Redemption Date. After the closure of NFO, the Units of the Scheme will be listed on Stock Exchange(s) and the same can be purchased / sold in round lots of 1 Unit during the trading hours of the Stock Exchange(s) like any other publicly traded stock. The NAV of the Scheme will be disclosed on all Business Days. Statutory Details: Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd. (liability restricted to Rs. 1,50,000) with Religare Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with Religare Asset Management Company Ltd. as the Investment Manager. Disclaimer of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of ‘Disclaimer Clause of NSE’.
