With effect from 11 December 2009
Religare Mutual Fund has announced changes relating to provision of
minimum amount / units for redemption for the following schemes. It has
also changed the nomination facility.
Change in Minimum Amount / Units of redemption:
According the revised provision is Rs 1000 or 100 units or
account balance, whichever is lower for Religare Growth Fund, Religare
Contra Fund, Religare Equity Fund, Religare Business Leaders Fund,
Religare AGILE Fund, Religare Banking Fund and Religare Arbitrage Fund.
Change in nomination facility:
Presently nomination facility is provided for the schemes of the
fund house at a folio level. In order to provide flexibility to the
unit holders, it is now decided to provide nomination facility at
scheme level. Accordingly, investors will now be able to request for
nomination at scheme level as against the current practice of
nomination at folio level.
The above changes will be effective from 11 December 2009.