Religare Mutual Fund has unveiled a new 368 days close-ended income scheme, Moneylife reports. The Religare Fixed Maturity Plan-Series VIII-Plan A to F-Plan A aims to generate income by investing in a portfolio of debt and money market instruments expiring on or before the date of its maturity. The scheme, whose subscription will close on June 9, will be benchmarked against the CRISIL Short-Term Bond Fund Index. The portfolio manager of the scheme is Nitish Sikand.
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