Religare MF is planning to launch Religare Credit Opportunities Fund and it is an open-ended income scheme. The investment objective of the scheme is to generate high level of current income consistent with preservation of capital and maintenance of liquidity by investing primarily in investment-grade debt securities and money market instruments.
The scheme offers two plans viz. regular and institutional with growth and dividend option. The dividend option will offer daily, weekly dividend with only dividend reinvestment facility and monthly dividend option with payout and reinvestment facility. The fund will invest upto 65%-100% in debt securities and money market instruments with average maturity of less than 1 year. And it will invest upto 35% in debt securities with average maturity more than 1 year.
The scheme will invest only in debt instruments which are issued by a corporate whose debt programme is rated as investment grade by a credit rating agency. Investment in securitized debt including pass through certificate (PTC) shall not exceed 70% of the net assets of the Scheme. The Scheme will not invest in foreign securitized debt. The Scheme may use derivatives for purposes as may be permitted from time to time. The maximum derivative position will be restricted to 50% of the net assets of the Scheme.
The scheme offers two plans viz. regular and institutional with growth and dividend option. The dividend option will offer daily, weekly dividend with only dividend reinvestment facility and monthly dividend option with payout and reinvestment facility. The fund will invest upto 65%-100% in debt securities and money market instruments with average maturity of less than 1 year. And it will invest upto 35% in debt securities with average maturity more than 1 year.
The scheme will invest only in debt instruments which are issued by a corporate whose debt programme is rated as investment grade by a credit rating agency. Investment in securitized debt including pass through certificate (PTC) shall not exceed 70% of the net assets of the Scheme. The Scheme will not invest in foreign securitized debt. The Scheme may use derivatives for purposes as may be permitted from time to time. The maximum derivative position will be restricted to 50% of the net assets of the Scheme.
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