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Friday, June 12, 2015

Religare Invesco Gilt Fund - Long Duration Plan

Change in benchmark of Religare Invesco Gilt Fund - Long Duration Plan with effect from June 11, 2015.
 
Name of the Scheme
Existing Benchmark Index
New Benchmark Index
Justification
Religare Invesco Gilt Fund - Long Duration Plan
I -Sec Li -BEX Index
CRISIL 10 Year Gilt
Index
The underlying constituents, maturity, duration of index etc. of Existing Benchmark Index viz; I -Sec Li - BEX are not available and it results in significant divergence in the Scheme performance.
The proposed New Benchmark Index viz; CRISIL 10 Year Gilt Index seeks to track performance of 10 year benchmark government security. The Index is computed on a daily basis using the gross price return of 10 year benchmark government security and
its coupon cash flow return.

The change in benchmark of the Scheme will be effective from June 11, 2015. All other terms and conditions of the Scheme will remain unchanged.

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