Religare PSU Equity Fund NFO mops Rs 229 Crores

Religare Mutual Fund has collected over Rs 229 crore in its recently concluded Religare PSU Equity Fund NFO. The schenme received close to 37,000 applications ( including 7,000 SIP applications), coming in from over 170 cities and  towns across the country.

The new fund offer was open for subcription from September 29, and closed on October 28, 2009.The scheme will reopen for ongoing sale and repurchase (not later than) on November 27, 2009.

Religare PSU Equity Fund, is an open ended equity scheme. The objective of the scheme is to generate capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or powers to appoint majority of directors.

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