Religare Invesco Mutual Fund has launches Religare Invesco Corporate Bond Opportunities Fund, an open ended income scheme with the investment objective to generate returns and capital appreciation by predominantly investing in corporate debt securities of varying maturities across the credit spectrum.
Religare Invesco Mutual Fund has launched a new fund as Religare Invesco Corporate Bond Opportunities Fund, an open ended income scheme. The investment objective of the scheme is to generate returns and capital appreciation by predominantly investing in corporate debt securities of varying maturities across the credit spectrum. The New Fund Offer (NFO) will be open for subscription from August 14 to August 28, 2014. The New Fund Offer price for the scheme will be Rs 1,000 per unit. The scheme offers Regular Plan and Direct Plan with growth & dividend (reinvestment / payout) option. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The entry load for the scheme is nil, while exit load will be 2% if redeemed / switched-out on or before 18 months from the date of allotment in respect of each purchase / switch-in of units. No exit load is payable of units are redeemed / switched-out after 18 months from the date of allotment in respect of each purchase / switch-in of units. The scheme would allocate 80%-100% of assets in corporate debt and money market securities issued by public and private sector entities (excluding instruments issued by Banks) with medium to high risk profile, invest upto 20% of assets in instruments issued by banks with low to medium risk profile and invest upto 20% of the asset would be invested in CBLO, T-Bills & Repo with low risk profile. Investment in securitized debt including pass through certificate (PTC) shall not exceed 50% of the net asset of the scheme. The scheme will not invest in foreign securitized debt. The benchmark Index : 32.5% of CRISIL AAA Long Term Bond Index, 32.5% CRISIL AAA Short Term Bond Index, 17.5% of CRISIL AA Long Term Bond Index and 17.5% of CRISIL AA Short Term Bond Index has been currently selected as the benchmark for the scheme.
Religare Invesco Mutual Fund has launched a new fund as Religare Invesco Corporate Bond Opportunities Fund, an open ended income scheme. The investment objective of the scheme is to generate returns and capital appreciation by predominantly investing in corporate debt securities of varying maturities across the credit spectrum. The New Fund Offer (NFO) will be open for subscription from August 14 to August 28, 2014. The New Fund Offer price for the scheme will be Rs 1,000 per unit. The scheme offers Regular Plan and Direct Plan with growth & dividend (reinvestment / payout) option. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The entry load for the scheme is nil, while exit load will be 2% if redeemed / switched-out on or before 18 months from the date of allotment in respect of each purchase / switch-in of units. No exit load is payable of units are redeemed / switched-out after 18 months from the date of allotment in respect of each purchase / switch-in of units. The scheme would allocate 80%-100% of assets in corporate debt and money market securities issued by public and private sector entities (excluding instruments issued by Banks) with medium to high risk profile, invest upto 20% of assets in instruments issued by banks with low to medium risk profile and invest upto 20% of the asset would be invested in CBLO, T-Bills & Repo with low risk profile. Investment in securitized debt including pass through certificate (PTC) shall not exceed 50% of the net asset of the scheme. The scheme will not invest in foreign securitized debt. The benchmark Index : 32.5% of CRISIL AAA Long Term Bond Index, 32.5% CRISIL AAA Short Term Bond Index, 17.5% of CRISIL AA Long Term Bond Index and 17.5% of CRISIL AA Short Term Bond Index has been currently selected as the benchmark for the scheme.
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