With effect from 17 March 2011
Religare Mutual Fund has decided to convert Religare Mid N Small Cap
Fund, a close ended equity scheme with a maturity of 3 years (maturing
on 16 March 2011) into an open ended equity scheme with effect from 17
March 2011. Accordingly, the load structure has been proposed to be
altered. It includes for transactions through Systematic Investment Plan
(SIP) and Systematic Transfer Plan (STP).
In respect of each purchase / switch-in of units, an exit load of 1% is
payable, if units are redeemed /switched-out on or before 1 year from
the date of allotment.
In respect of each purchase / switch-in of units, no exit load is
payable, if units are redeemed /switched-out after 1 year from the date
of allotment.
In case an investor does not wish to continue to hold units in view of
the said changes, they will have the option to exit the said scheme at
the prevailing NAV, without any exit load. The said exit option can be
availed from 15 February 2011 to 16 March 2011.