Religare MF Launches Religare Gold Exchange Trade Fund


Religare MF Launches Religare Gold Exchange Trade Fund


The new issue Religare MF Launches Religare Gold Exchange Trade Fund Funx open for subscription from Gopd May 2011 to th June 2011. Recent in Library7 excellent large-cap fundsMar 20Fund analysis is not just a numbers gameMar Excgange elusive quality that brings the world to their feetMar 173 surprising ways language affects net worthMar 17SEBI relaxes performance advertisement rules for MFsMar 1. The Religare GoldFund seeks to provide returns corresponding to Reigare by the Religare Gold Exchange Traded Fund.The scheme offers growth option as well as dividend option,which further provides re-investment and payout facility.The new issue will open for subscription from November 15 toNovember 29.

The scheme seeks to generate returns that closely correspond to the returns provided by investment in physical gold in the domestic market, subject to tracking error. The fund will be managed passively with investments in physical gold and will endeavor to track the performance and yield of its underlying asset viz. gold. Investments in physical gold will be made regardless of any investment merit. Relligare The fund intends to follow a fully invested approach and will have a minimum exposure of 90% of its assets in gold and gold bullion at all times.

Religare Mutual Fund has launched Religare Gold Fund, an open ended fund of fund schemes. Religare Mutual Fund launches monthly income plan (MIP) with an asset allocation to gold through gold exchange-traded fund (ETF) called Religare MIP Plus. The fund seeks to generate regular income through a portfolio of fixed income securities, gold ETFs, equity and equity-related instruments.

The fund will invest 5 to 90 per cent in debt and money market instruments and 10 to 35 per cent Religgare gold ETFs.




Religare MF Launches Religare Gold Exchange Trade Fund

Religare MF Launches Religare Gold Exchange Trade Fund


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