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
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