Mumbai: Religare Mutual Fund has revised the exit load structure in Religare Active Income Fund with effect from January 21, 2011. The fund house will charge 1 per cent as exit load if units are redeemed within 45 days from the date of allotment. The scheme earlier charged 1 per cent as exit load if units were redeemed within 90 days from the date of allotment.
Religare Active Income Fund is an open ended debt Income scheme, with the primary investment objective to generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. As the portfolio of the scheme will be actively managed, the Scheme may have a high turnover in order to achieve the investment objective.
