| Religare Invesco Mutual Fund files offer document for Annual Interval Fund-Series 1 - Plan A to D | |
| Sep 03,2014 10:10 Hrs IST | |
Religare Invesco Mutual Fund has filed offer document with SEBI to launch an Interval Income Fund as “Religare Invesco Annual Interval Fund- Series 1 - Plan A to D”. The New Fund Offer price is Rs 10 per unit.
Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 per application and in multiples of Rs 10 thereafter.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the opening of the immediately following Specified Transaction Period.
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Wednesday 3 September 2014
Religare Invesco Mutual Fund files offer document for Annual Interval Fund-Series 1 - Plan A to D
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