MASTER MIND FINNASSET: Religare Invesco Global Equity Income Fund Floats On

Monday, April 14, 2014

Religare Invesco Global Equity Income Fund Floats On

NFO period is from 15 April to 28 April 2014

Religare Invesco Mutual Fund has launched a new fund named as Religare Invesco Global Equity Income Fund, an open ended fund of funds scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 15 April to 28 April 2014.

The investment objective of the scheme is to provide capital appreciation and / or income by investing predominantly in units of Invesco Global Equity Income Fund, an overseas equity fund which invests primarily in equities of companies worldwide. The scheme may at the discretion of fund manager, also invest in units of other similar overseas mutual funds with similar objectives, strategy and attributes which may constitute a significant portion of its net assets.

The scheme offers growth & dividend (reinvestment / payout) option.

The scheme shall invest upto 95%-100% of its asset in shares of Invesco Global Equity Income Fund or other similar overseas mutual funds with high risk profile and invest upto 5% in debt and money market securities (including government and corporate debt) / units of debt and liquid schemes of Religare Invesco Mutual Fund with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Re.1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry and exit load charge for the scheme will be nil.

Benchmark Index for the scheme will be MSCI World Index-Net Dividend.

Neelesh Dhamnaskar will be the Fund Manager for the scheme.

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