Religare Business Leaders Fund NFO

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.

NSE Trading Holidays 2024

Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading: Timings of Muhurat Trading shall be notified subsequently.

What are Inverse ETFs?

We all know Mutual Funds, but what are inverse ETFs or Inverse Mutual Funds all about? They are a special type of funds in which the value goes up when the stock market comes down. They are nothing but "short funds" or ETFs - funds having short positions of the index or stocks. By investing in this fund investors/traders can take advantage of fall in the markets. The main objective of the such products is to provide investors with an alternative during market-decline and in the case where they cannot short sell the index. This type of fund is generally linked to the market index such as the Nifty 50 Total Returns Inverse Index. The value of such funds change similar to the traditional funds, on a daily basis, say if the index declines by 1 percent in a day, the fund value increases by 1 percent for that day. How does these funds benefit retail investors or traders? Many investors,rather traders, can make use of this type of fund as a hedge against market conditions.Hedg

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