SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • NFO News Religare unveils Religare Medium Term Bond Fund

    Religare unveils Religare Medium Term Bond Fund

    Religare mutual fund has today launched an open-ended income scheme called Religare Medium Term Bond Fund
    Team Cafemutual Dec 13, 2010

    Mumbai: Religare mutual fund has today launched an open-ended income scheme called Religare Medium Term Bond Fund. The fund seeks to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. The scheme is benchmarked against the CRISIL Composite Bond Fund Index.

     

    The scheme will invest in high quality corporate securities and bonds. The fund will also aim to capture positive valuation changes occurring due to changes in the shape of the yield curve. It will invest a minimum of 80% up to 100% in high quality debt securities having residual maturity up to 5 years.

     

    “With the increasing stock market volatility, investors have turned cautious, we believe that portfolio diversification is key and bonds aim to provide regular income and lower volatility (relative to stocks) and can act as a cushion against the unpredictable ups and downs of the stock market. Investors who are more concerned about the stock market volatility should diversify and contain their portfolio risk with a bond fund. The Religare Medium Term Bond provides investors the opportunity, as the fund will aim to capture the current prevailing attractive yields in a high quality freshly constructed portfolio,” said Saurabh Nanavati, cxhief executive officer, Religare MF in a press note issued today.

    The fund comes with growth and dividend options. The minimum application amount is Rs.5000. An exit load of 1% will be payable if redeemed on or before six months. Religare MF currently has four open-ended income schemes in its kitty.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.