Religare Mutual Fund has introduced payout facility under weekly dividend option of Religare Ultra Short Term Fund-Institutional plan, with effect from 8 June 2009. The units under the proposed payout facility under weekly dividend option of the scheme will be available for subscription at NAV based prices of the existing weekly dividend option from the effective date and at NAV based prices of weekly dividend payout option thereafter.
The scheme is an open ended debt scheme with an investment objective to provide liquidity and optimal returns to the investors by investing primarily in a mix of short term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund at the same time maintaining balance between safety and liquidity.
The scheme is an open ended debt scheme with an investment objective to provide liquidity and optimal returns to the investors by investing primarily in a mix of short term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund at the same time maintaining balance between safety and liquidity.
No comments:
Post a Comment