Religare Mid Cap Fund Files Offer Document With Sebi (04-Feb-2010)
Religare Mutual Fund has filed an offer document with the market regulator- Securities and Exchange Board of India (SEBI) for continuous offer of units of Religare Mid Cap Fund, an open ended equity scheme. The scheme's offer document is after conversion into open ended scheme. The scheme would offer units at NAV based prices.
The scheme's investment objective is to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid cap companies.
The scheme shall offer growth and dividend option. Further, the dividend option shall offer dividend payout and dividend re-investment facility.
The scheme would allocate 65% to 100% of assets in equity and equity related instruments, out of which 65% to 100% would be in Mid Cap Companies while up to 35% of assets in Companies other than Mid Cap Companies with high risk profile. Further, it would invest up to 35% of assets in debt and money market instruments with low to medium risk profile. The investment in securitized debt shall not be more than 35% of the net assets of the scheme. The scheme will not invest in foreign securitized debt.
The entry load charge for the scheme will be nil. In respect of each purchase / switch-in of units, an exit load of 1% is payable, if units are redeemed / switched-out on or before one year from the allotment date. However, in respect of each purchase / switch-in of units, no exit load is payable, if units are redeemed / switched-out after 1 year from the allotment date.
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