The NFO will be open for subscription on November 15, 2011 and close on November 29, 2011.
Religare Mutual Fund has announced the New Fund Offer (NFO) Religare Gold Fund, an open ended fund of fund schemes.
The NFO opens for subscription on November 15, 2011 and closes on November 29, 2011. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmark against Price of Gold. The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter. The fund manager of the plan will be Nitish Sikand.
The investment objective of the scheme is to provide returns that closely correspond to returns provided by Religare Gold Exchange Traded Fund.
