Religare Mutual Fund has launched a New Fund Offer (NFO) - Religare Business Leaders Fund. This is an equity diversified fund. The objective of this open ended fund is to invest in equity related instruments (including equity derivatives) of companies which are leaders in their respective industry or segment.
Details of the scheme:
Minimum investment - Rs.5000 and in multiples of Rs.500.
Both dividend and growth option available.
The issue is currently open and the offer closes on 31 July 2009.
SIP method is available. NRI investment is allowed.
Investors could invest in an existing scheme, than taking the NFO route.