ABN AMRO Mutual Fund has launched a new fixed maturity plan: ABN AMRO Fixed Term Plan Series 3 - Quarterly A. The NFO will be open from August 4 to August 7, 2006.
The scheme would invest in a basket of fixed income securities and fixed income derivatives in line with the duration of the plan. The maturity date of this plan would be 90th day from the date of allotment of units under the series. The fund would benchmark its performance against CRISIL Liquid Index
The minimum subscription amount in the plan is Rs. 25,000. The found would not charge any entry load but an exit load of 3 per cent would be charged if investment is redeemed before maturity date.