Religare Invesco Corporate Bond Opportunities Fund – An Open Ended Mutual Fund for Safe Investment
Religare Invesco Corporate Bond Opportunities Fund is ideal for low risk investors. The fund offer opened on 14 August 2014 and will be end by 28 August 2014.This is an open-ended income scheme. At least 80% of net assets of the fund will be invested in private and public sector corporate bonds aiming to seek a high level of accrual income. The fund is benchmarked against a customized index consisting of 32.5% of CRISIL AAA Long-Term Bond Index, 32.5% of CRISIL AAA Short-term Bond Index, 17.5% of CRISIL AA Long-Term Bond Index and 17.5% of CRISIL AA Short-Term Bond Index.
Units will be issued at INR 1000/- each. The minimum application amount is INR 5,000/- and in multiples of Re.1/- thereafter for lumpsum purchases. The minimum application amount is INR 1000/- under the monthly SIP option and INR 2,000/ – under the quarterly SIP option and in multiples of Re.1/- thereafter. It has growth option, dividend payout and dividend reinvestment option. An exit load of 2% will be payable on investments redeemed/switched-out on or before 18 months from the date of allotment. Check the website for more details.