Mumbai: Religare Mutual Fund has decided to revise the attributes of its Religare Arbitrage Fund with effect from April 1, 2011.
The equity-oriented interval scheme will become an open ended equity scheme. As per the terms of the revision, investors will get the facility to purchase and redeem units at NAV based prices on every business day on an ongoing basis.
Investors, who do not agree with the change, have an option to redeem their units between March 1, 2011 to March 31, 2011, without having to pay any exit load.
