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Thursday, June 11, 2015

Religare Invesco MF Announces Discontinuation of Bonus Option under its schemes

With effect from 11 June 2015 

Religare Invesco Mutual Fund has decided to discontinue the bonus option under Religare Invesco Liquid Fund; Religare Invesco Overnight Fund; Religare Invesco Credit Opportunities Fund; Religare Invesco Short Term Fund; Religare Invesco Gilt Fund – Long Duration Plan; Religare Invesco Gilt Fund – Short Duration Plan; Religare Invesco Medium Term Bond Fund; Religare Invesco Bank Debt Fund, Religare Invesco Active Income Fund, Religare Invesco Ultra Short Term Fund and Religare Invesco Arbitrage Fund, with effect from 11 June 2015. 

Accordingly, after the discontinuation of bonus option, the above mentioned schemes would have only growth and dividend option with growth option as the default option. 

Consequently, no fresh subscription (whether by way of fresh subscription or additional purchase or switch-in or investments through systematic transactions viz. Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) / Dividend Transfer Plan (DTP) / Event Trigger Plan (ETP)) will be accepted under in the bonus option of above mentioned schemes from effective date. 
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