Religare MF unveils Credit Opportunities Fund
Tuesday, 18 August 2009, 18:32 IST
By SiliconIndia
By SiliconIndia
Bangalore: Religare Mutual Fund (MF) has launched the Credit Opportunities Fund, which will primarily invest in debt securities and money market instruments. The open ended income scheme, aims to beat its benchmark by investing in instruments that offer superior yield and would invest in short-term corporate bonds.
The Credit Opportunities Fund, which closes on 25 August, offers both retail and institutional plans. "Credit markets have stabilized, liquidity is plentiful and with the gradual economic recovery the prospective rewards for taking credit risk across fixed income markets are attractive," said Saurabh Nanavati CEO of Religare MF. Religare MF is a part of Religare Enterprises, which is a diversified financial services group.
The minimum application amount under offer is Rs. 5,000 for retail plan and Rs. 1 crore for institutional investors. According to the company, no entry load will be charged on investments, however an exit load of 0.25 percent would be applicable on investments redeemed on or before one month of allotment.
The Credit Opportunities Fund, which closes on 25 August, offers both retail and institutional plans. "Credit markets have stabilized, liquidity is plentiful and with the gradual economic recovery the prospective rewards for taking credit risk across fixed income markets are attractive," said Saurabh Nanavati CEO of Religare MF. Religare MF is a part of Religare Enterprises, which is a diversified financial services group.
The minimum application amount under offer is Rs. 5,000 for retail plan and Rs. 1 crore for institutional investors. According to the company, no entry load will be charged on investments, however an exit load of 0.25 percent would be applicable on investments redeemed on or before one month of allotment.
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