Religare MF launches Gold Fund

Religare Mutual Fund has launched Religare Gold Fund, an open ended fund of fund schemes that aims to provide returns that closely corresponds to returns provided by Religare Gold Exchange Traded Fund.

November 08, 2011 / 15:28 IST

Religare Mutual Fund has launched Religare Gold Fund, an open ended fund of fund schemes. The objective of the scheme is to provide returns that closely corresponds to returns provided by Religare Gold Exchange Traded Fund.

The new fund offer (NFO) will open for subscription from November 15 and closes on November 29, 2011. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

The scheme offers growth and dividend option. The dividend option further offers re-investment and payout facility.

The Minimum investment amount is Rs. 5,000 and in multiples of Re. 1 thereafter.

The entry load for the scheme is

first published: Nov 8, 2011 03:23 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347