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Friday, February 06, 2009

Religare MF changes name of its scheme

With effect from 6 February 2009

Religare Mutual Fund has changed the name of its scheme to Religare Ultra Short-Term Fund from Religare Liquid Plus Fund with effect from 6 February 2009 in compliance with the Sebi circular dated 19 January 2009.

Religare Liquid Plus Fund is an open ended debt scheme with an investment objective to provide liquidity and optimal returns to the investor by investing primarily in a max of short term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

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