New Fund Offer from Religare Mutual Fund and Union KBC Mutual Fund
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.
Union KBC Mutual Fund:
This AMC has launched its first mutual fund namely “Union KBC Equity Fund”. The NFO Price for the scheme is Rs 10 per unit.
NFO Open date: 20-May-2011
NFO Closing date: 03-June-2011
Investment Objective:
The main investment objective of the scheme is to generate long term capital gains by investing in equity and equity related instruments.
Happy Investing!!
