vIndianz.com (Aug. 18, 2009) — Religare Mutual Fund (MF) has announced the new Credit Opportunities Fund, an open ended income scheme. The new fund offer (NFO) is open for subscription till August 25, 2009.
“Credit markets have stabilized, liquidity is plentiful and with the gradual economic recovery the prospective rewards for taking credit risk across fixed income markets are attractive,” said Saurabh Nanavati CEO of Religare MF.
The scheme attempts to generate high level of current income. The fund offers retail and institutional plans. The minimum application amount under offer is Rs. 5,000 for retail plan and Rs. 1 crore for institutional plans.
No entry load will be charged on investments; however an exit load of 0.25 percent would be applicable on investments redeemed on or before one month of allotment.
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