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Journalism of Courage
ICICI Prudential Mutual has revised exit load for its Advisors Series – very aggressive plan,aggressive plan,moderate plan,caution plan and very caution plan. As per the revision,very aggressive,aggressive,moderate and caution plan will now charge one per cent exit load,if the investments are redeemed within a year from the date of allotment. Very caution plan,on the other hand,will charge 0.50 per cent exit load,if the investments are redeemed within six months from the date of allotment. The schemes is being managed by Manish Banthia.
Taurus Mutual Fund has revised exit load charge for its Short-Term Income Fund. From April 15,investors will be charged an exit load of 0.25 per cent in case of any redemption made within one month from the date of allotment. Currently,redemption made within a year attract an exit load of a per cent. Taurus Short-Term Income Fund is an open-ended income scheme with an investment objective to generate income and capital appreciation with low volatility by investing in a diversified portfolio of short term debt and money market instruments. The scheme is managed by Pankaj Jain and is benchmarked against CRISIL Short- Term Bond Fund.
Religare MF launches monthly income plan
Religare Mutual Fund has launched Religare MIP Fund,an open-ended debt monthly income scheme,which will generate regular income largely through investments made in fixed income securities and small exposure to equity and equity-related instruments. The new fund offer will be open for subscription from April 12 to May 11. The minimum application amount for growth option is Rs 5,000 and Rs 25,000 in case of the dividend option. The scheme will charge an exit load of a per cent,in case units are redeemed within a year from the date of allotment. The scheme will be managed by Ashish Nigam and Vetri Subramaniam and benchmarked against CRISIL MIP Blended Fund Index.
Kotak MF launches Credit Opportunities Fund
Kotak Mutual Fund has launched Kotak Credit Opportunities Fund. It is an open-ended debt scheme and will be open for subscription from April 12 to April 30. The minimum application amount for the scheme is Rs 5,000. the fund will charge an exit load of two per cent,in case units are redeemed within a year of allotment. The scheme will be managed by Deepak Agrawal and Abhishek Bisen and benchmarked against CRISIL Short Term Bond Fund Index.
