Religare Mutual Fund has launched monthly income plan (MIP) with its 2 variants - Religare MIP and Religare MIP Plus (with Gold allocation). The NFO will be available from 12-April-2010 to 11-May-2010.
Religare MIP Plus
Name of Scheme
Religare Monthly Income Plan (MIP) Plus
(The term ‘Plus’ has been used in terms of the asset allocation and not in terms of returns/ yield. Monthly income is not assured and is subject to availability of distributable surplus)
Type of Scheme
An open ended Income Scheme
Investment Objective
To generate regular income through a portfolio of fixed income securities, Gold ETFs and equity & equity related instruments.
Asset Allocation
Type of Instruments
IndicativeAllocations (% of total assets)
Risk Profile
Minimum
Maximum
High/Medium / Low
Debt* and Money
Market Instruments
65
90
Low to Medium
Equity and Equity
Related Instruments
and/ or Units of equity
mutual fund schemes
0
25
High
Gold ETFs
10
35
High
*Investment in securitized debt including pass through certificate (PTC) <= 50% of the net assets. The Scheme will not invest in foreign securitized debt. Exposure to foreign securities <= 50% of the net assets. Maximum gross derivative position <= 50% of the net assets. However, the aggregate asset allocation including exposure to derivatives will not exceed 100% of net assets of the Scheme.
Rs. 5,000/- and in multiples of Re. 1/- thereafter.
Dividend
Rs. 25,000/- and in multiples of Re. 1/- thereafter.
(Under dividend option, only monthly dividend facility is available)
Load Structure
During New Fund Offer Period and on an Ongoing BasisEntry Load: Nil
The upfront commission, if any, on investment made by the investor shall be paid by the investor directly to the Distributor, based on his assessment of various factors including the service rendered by the Distributor. Exit Load:
In respect of each purchase/switch-in of units, an exit load of 1% is payable if units are redeemed/ switched-out on or before 1 year from the date of allotment.
In respect of each purchase/switch-in of units, no exit load is payable if units are redeemed/ switched-out after 1 year from the date of allotment.
Fund Manager
Mr. Ashish Nigam (for debt and Gold ETF investments) and Mr. Vetri Subramaniam (for equity investments)
* Built to perform in varying market conditions.
* Multi Asset Diversification benefits - Investment across three different asset classes with low correlation brings in distinctly different risk/ return characteristics.
* Gold’s low or inverse correlation with other major asset classes like equity and debt helps to improve, stabilise the risk/ return profile during declining financial markets and poor economic climates.
Fund Suitability:
* Investors looking for exposure to 3 major asset classes in a single fund.
* Conservative Investors who want an investment with the potential to add value in varying market conditions.
* Investors looking forward to enhancing returns, from their portfolio, to beat inflation.
* Retired persons, instead of making random withdrawals from their nest egg, can invest in MIP Plus to have a flexible and regular income stream.
Mutual Fund, New Fund Offer | admin | April 13, 2010 
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Regards,
The Religare Customer Care Team