Religare Mutual Fund has launched new fund named as Religare Business Leaders Fund, an open-ended equity scheme. Each unit will have a face value of Rs.10 each. Details of the Religare Business Leaders Fund: The scheme seeks to generate long term capital appreciation by investing in equity and equity related instruments including equity derivatives of companies which in our opinion are leaders in their respective industry or industry segment.
The scheme offers growth and dividend options. Dividend option will have further dividend reinvestment and payout facilities.
NFO period: 10-31 July 09, The minimum application amount will be Rs 5000 and in multiple of Re 1 thereafter.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period. Asset allocation: The scheme will invest 80-100% in equity & equity related instruments of companies which in our opinion are leaders in their respective industry or industry segment.
The fund will be having investment exposure 0- 20% in Money Market Instruments & Debt Securities. Investment in securitized debt including pass through certificate (PTC) shall not exceed 20% of the net assets of the scheme.
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.
Load structure during NFO period: Entry Load: Application not routed through any distributor/agent/broker: Nil. Application routed through any distributor/agent/broker:
• In respect of each purchase/switch-in of units less than Rs. 2 crore in value, an entry load of 2.25% is payable.
• In respect of each purchase/switch-in of units equal to or greater than Rs. 2 crore but less than Rs. 5 crore in value, an entry load of 1.25% is payable.
• In respect of each purchase/switch-in of units equal to or greater than Rs. 5 crore in value, no entry load is payable.
Exit Load: In respect of each purchase/switch-in of units less than Rs. 5 crore in value, an exit load of 1% is payable, if units are redeemed/switched-out on or before 1 year from the date of allotment.
• In respect of each purchase/switch-in of units less than Rs. 5 crore in value, no exit load is payable, if units are redeemed/switched-out after 1 year from the date of allotment.
• In respect of each purchase/switch-in of units equal to or greater than Rs. 5 crore in value, no exit load is payable on redemption/switch-out.
• No Entry/Exit Load will be levied on Units issued on dividend reinvested.
• No Entry/Exit Load will be levied on Units issued as bonus units.
• No Entry/Exit Load shall be charged for investments by Fund of Fund Scheme(s) launched under SEBI (Mutual Funds) Regulations, 1996. However, the waiver of entry/exit load will be at the sole discretion of the Trustees and subject to change as the Trustee may decide from time to time.
• During NFO Period, no entry load is payable for switch from existing open ended equity schemes (except Religare Arbitrage Fund) of Religare Mutual Fund to Religare Business Leaders Fund.
Benchmark index: The performance of the scheme is being benchmarked to S & P CNX Nifty.
Fund manager: Vetri Subramaniam is the fund manager for the scheme.
The scheme offers growth and dividend options. Dividend option will have further dividend reinvestment and payout facilities.
NFO period: 10-31 July 09, The minimum application amount will be Rs 5000 and in multiple of Re 1 thereafter.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period. Asset allocation: The scheme will invest 80-100% in equity & equity related instruments of companies which in our opinion are leaders in their respective industry or industry segment.
The fund will be having investment exposure 0- 20% in Money Market Instruments & Debt Securities. Investment in securitized debt including pass through certificate (PTC) shall not exceed 20% of the net assets of the scheme.
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.
Load structure during NFO period: Entry Load: Application not routed through any distributor/agent/broker: Nil. Application routed through any distributor/agent/broker:
• In respect of each purchase/switch-in of units less than Rs. 2 crore in value, an entry load of 2.25% is payable.
• In respect of each purchase/switch-in of units equal to or greater than Rs. 2 crore but less than Rs. 5 crore in value, an entry load of 1.25% is payable.
• In respect of each purchase/switch-in of units equal to or greater than Rs. 5 crore in value, no entry load is payable.
Exit Load: In respect of each purchase/switch-in of units less than Rs. 5 crore in value, an exit load of 1% is payable, if units are redeemed/switched-out on or before 1 year from the date of allotment.
• In respect of each purchase/switch-in of units less than Rs. 5 crore in value, no exit load is payable, if units are redeemed/switched-out after 1 year from the date of allotment.
• In respect of each purchase/switch-in of units equal to or greater than Rs. 5 crore in value, no exit load is payable on redemption/switch-out.
• No Entry/Exit Load will be levied on Units issued on dividend reinvested.
• No Entry/Exit Load will be levied on Units issued as bonus units.
• No Entry/Exit Load shall be charged for investments by Fund of Fund Scheme(s) launched under SEBI (Mutual Funds) Regulations, 1996. However, the waiver of entry/exit load will be at the sole discretion of the Trustees and subject to change as the Trustee may decide from time to time.
• During NFO Period, no entry load is payable for switch from existing open ended equity schemes (except Religare Arbitrage Fund) of Religare Mutual Fund to Religare Business Leaders Fund.
Benchmark index: The performance of the scheme is being benchmarked to S & P CNX Nifty.
Fund manager: Vetri Subramaniam is the fund manager for the scheme.
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