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Saturday, February 8, 2014

Religare Invesco European Equity Fund

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Religare Invesco Mutual Fund has announced the new fund offer of an open-ended fund-of-funds scheme - Religare Invesco Pan European Equity Fund. The fund will invest in Invesco Pan European Equity Fund (a Luxembourg domiciled fund), launched in 1991, which primarily invests in European stocks, with an emphasis on larger stocks. It follows a valuation led bottom up approach to select stocks. The fund has Rs 18,922 crores of assets under management.

 

Religare Invesco Pan European Equity Fund will be open for initial subscriptions from January 15th to January 29th. The fund offers both Growth and Dividend options. The minimum application amount is Rs. 5,000, for lumpsum investments. For SIP investments, the minimum application amount is Rs. 500 under the monthly SIP option and Rs.1500 under the quarterly SIP option. The fund will charge an exit load of 1% on investments redeemed on or before 18 months from the date of allotment. The fund is benchmarked to MSCI Europe -ND.

 

 

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

 

 

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