Religare Mutual Fund
This scheme is suitable for investors who are interested to invest in the Indian Banking Sector. Since Inception in 2008, the scheme has declared 2 dividends in 2009 and 2010. The total amount invested in this scheme by the investors is around 38 crores (as on May 31, 2011). By this we can get to know that the scheme is trusted by a lot of investors in India.
About the Scheme:
As per the data available from Religare Mutual Fund, the growth option of the scheme has generated the following returns in the...
Religare Mutual Fund:
Religare has launched an Exchange traded fund named “Religare Nifty Exchange Traded Fund”. This is an open ended exchange traded fund.
NFO Price per unit – Rs 10
NFO Open date: 23-May-2011
NFO Closing date: 06-June-2011
Investment Objective:
The main investment objective of the scheme is to generate returns which are in line with the returns generated from S&P CNX Nifty Index.
There is no entry load for investing in this scheme.
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The Sensex is now trading around 18,300 levels and the Nifty is trading around 5480 levels. Some of the schemes have performed well in the past 6 months and some of the schemes lost their value more than the markets lost. So here is an update of the schemes that have performed well in the last 12 months (as on March, 9, 2011).
- Reliance Banking Fund – Growth – The scheme has delivered returns around 31.5 % in the last 12 months. The NAV is Rs 102.61 (March, 9, 2011)
- ICICI Prudential Technology Fund – Growth - The scheme has delivered returns...
Religare has launched a new long term investment scheme “Religare Medium Term Bond Fund”. The NFO has already opened on 13-December-2010 and it closes on 24-December-2010.
Type of Scheme: Open Ended Income Scheme
Scheme Objective:
The main objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of Debt and Money Market Instruments for a Medium Term.
Entry Load: NIL
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