Apr 10, 2008

ABN Amro MF launches ABN Amro FTP - Series 11 Plan B

10 Apr 2008 | 12:02

ABN Amro MF launches ABN Amro FTP - Series 11 Plan B

Name of Fund: ABN Amro Fixed Term Plan - Series 11 Plan B

Scheme: It is a close-ended fixed term income scheme. Maturity date of the scheme would be 18 months from the date of allotment of units.

Objective: The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities in line with the duration the scheme.

Fund Opens: 9 April 2008

Fund Closes: 24 April 2008

Face Value: Rs 10 per unit.

Investment Options: The scheme has two plans-regular and institutional plans. The scheme offers growth, dividend option (Calendar Monthly, Calendar Quarterly, Calendar Half Yearly, Calendar Yearly, and Dividend on Maturity Option).

The dividend option offers dividend payout and dividend re-investment facilities. Both the options will be managed with a common portfolio.

Entry Load: The scheme will not charge any entry load.

Exit load: It may charge an exit load of 2% if investor redeems before the date of maturity.

Asset Allocation: The scheme invest 0-100% in money market instruments. It may have investment of 0-100% in debt instruments. Debt instruments may include securitised debt up to 60% of the net assets and exposure in debt derivatives up to maximum permissible under SEBI regulations i.e. 100%. The scheme shall limit its exposure to investment in foreign debt securities up to a maximum of 10% of its net assets. The scheme will not invest in equity and equity related securities.

Minimum Investment Amount: The minimum investment amount under regular plan is Rs 25000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 25,00,000 and in multiples of Re 1 thereafter. There is no upper limit.

Minimum subscription amount: Rs 1 crore

Benchmark Index: Crisil Short Term Bond Fund Index.

Fund Manager: Mr. Alok Singh for investment in Indian securities and Mr. R. Sivakumar for overseas investments.