Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 February, 2015 22:08 IST
Religare MF unveils Bank Debt Fund
Source: IRIS | 10 Dec, 2012, 06.47PM
Comments  |  Post Comment

Religare Mutual Fund today announced the launch of its new fund Religare Bank Debt Fund, an open ended debt scheme. The fund seeks to generate optimal returns by investing in a portfolio of debt and money market instruments issued primarily by banks. The new fund offer opens for subscription today and will close for subscription on December 24, 2012.

The scheme will invest 80% -100% of assets in debt & money market instruments issued by banks while up to 20% of the assets will be invested in securities issued by Public Financial Institutions, T- bills, CBLO, G-sec, units of debt and liquid mutual fund schemes.

Speaking on the occasion, Saurabh Nanavati, chief executive officer, Religare MF said, ''Risk averse investors looking for a portfolio with relatively low credit risk and offering superior liquidity can consider investing in a bank debt fund.''

The fund offers growth and dividend options with daily reinvestment and monthly reinvestment and payout facility. In addition, the fund also offers SIP facility. An exit load of 1% will be payable on investments redeemed on or before 1 year from the date of allotment.

The fund is benchmarked to CRISIL Short Term Bond Fund Index. The fund manager of the scheme is Nitish Sikand.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Whirlpool of India standalone quarterly earnings surge 48.42% - 30-Jan-2015 19:19
Shriram Transport Finance board elevates Lakshminarayanan as chairman - 30-Jan-2015 17:26
Tech Mahindra consolidated quarterly profit declines 20.25% - 30-Jan-2015 15:49
Binani Industries swings to profit in Oct-Dec quarter - 30-Jan-2015 15:43
NTPC standalone quarterly net climbs 7.43% - 30-Jan-2015 15:38
Kirloskar Brothers swings to loss in Oct-Dec quarter - 30-Jan-2015 15:35
Adani Enterprises consolidated quarterly profit soars 6.51 times - 30-Jan-2015 15:30
JSW Steel consolidated quarterly profit drops 29.49% - 30-Jan-2015 15:25
Monsanto India standalone quarterly net drops 25.76% - 30-Jan-2015 15:20
Dabur India consolidated Q3 profit climbs 16.5% - 30-Jan-2015 14:55
Siemens Q1 profit surges to Rs 6.34 bn - 30-Jan-2015 14:47
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer