Religare Bank Debt Fund - Religare NFO

The fund will aim to generate optimal returns by investing in a portfolio of debt and money market instruments issued primarily by banks.

 

Scheme details

Fund manager
The fund will be managed by Nitish Sikand while Neelesh Dhamnaskar will work as a dedicated fund manager for foreign securities. Nitish has more than 12 years of experience in fixed income markets and product development. Prior to joining Religare AMC, he was working with ICICI Bank, JM Financial Asset Management Company and Citicorp Maruti Finance. Neelesh has around 7 years of experience in equity research. Previously, he has worked with ENAM Securities Direct, KR Choksey Shares and Securities and Rathi Securities.

 

Fund house
Religare Asset Management Company was set up in 2005. Its assets under management averaged over ` 12,600 crore for the quarter ending September, 2012.

 

Category details
Short-Term (Funds whose average maturity over the past 12 months is between 1 and 4.5 years fall into this category) The category's average assets under management is ` 1,167.23 crore with an average maturity of 2.26 years. There are 47 other funds in the category. The 1-year average return is 9.75 per cent and 3-year average return is 7.77 per cent.

 

This is An open-ended short-term income fund for the cautious investor

 

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