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Religare Mutual Fund has launched - Religare Capital Protection Oriented Fund – Series I, a 3 year close ended capital protection oriented scheme. The investment objective of the scheme is to protect capital by investing predominantly in high quality fixed income securities and to generate capital appreciation by investing in equity and equity related instruments. The scheme will be benchmarked against CRISIL MIP Blended Fund Index. The NFO price for the scheme is Rs 10 per unit; the issue closes on March 15.
ING Mutual Fund has announced revision of the annual recurring expenses of ING Latin America Equity Fund, ING Global Real Estate Fund and ING OptiMix Global Commodities Fund. The new annual recurring expenses shall be 2.5 per cent per annum of daily average net assets as against the existing provision of 0.75 per cent per annum. The changes will be effective from April 8. All the existing investors of the respective schemes would be provided an exit option without any charge of exit load from March 9 to April 7.
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