Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Mutual Funds

| More

Religare Mutual Fund unveils Religare Nifty Exchange Traded Fund

Posted On: 2011-05-24 06:51:19

Religare MF launched its new fund 'Religare Nifty ETF' (an open ended exchange traded fund). The Fund seeks to generate returns which closely correspond to the returns generated by securities as represented by S&P CNX Nifty Index subject to tracking error, if any. The New Fund Offer opens for subscription today and will close for subscription on June 6, 2011. The fund offers exposure to Nifty stocks in a single order.

The fund will follow a passive investment strategy and will invest in companies comprising the S&P Nifty Index in the same weights as in the Index with an endeavor to track the benchmark index with as low tracking error as possible. Each unit of Religare Nifty ETF will be approximately equal to 1/10th of the value of the S&P CNX Nifty.

Speaking on the occasion Saurabh Nanavati, Chief Executive Officer, Religare MF said "We are delighted to add the Religare Nifty ETF to our range of ETF products; this reaffirms our commitment to investors to provide diverse investment options suiting different investment needs. Investors, who believe in passive investment strategy, want to keep investments simple and are looking for selective diversification can consider investing in this fund. For the first time investor to the equity market, Nifty ETF is certainly the ideal product, he should be looking at."

Investors can buy units of Religare Nifty ETF directly from the fund house during the New Fund Offer Period. The minimum investment amount during the NFO is Rs. 10,000 and in multiples of Re.1 thereafter. Post the New Fund Offer Period; Units of Religare Nifty ETF will be listed on the National Stock Exchange. Investors can buy and sell units of Religare Nifty ETF on the exchange through any registered broker. The fund manager of the scheme is Mr. Pranav Gokhale.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Angel Broking's ARQ Mutual Fund recommendations outperforms Index
Ambit Alpha Fund crosses INR 1,000 crore in AUM
DSP BlackRock launches DSP BlackRock Equity Savings Fund, NFO opens on March 8, 2016
Birla Sun Life Mutual Fund introduces 100% paperless, Aadhaar-based eKYC
Axis MF launches Axis Children's Gift Fund, an open-ended balanced scheme
Motilal Oswal MOSt Shares Gold Exchange Traded Fund Fixes Record Date for Winding up of the Scheme
Kotak Tax Saver Fund announces Dividend of Rs. 0.10
Kotak Bond Short Term Plan announces Dividend
ICICI Prudential Mutual Fund launches an open ended equity fund
BSE StAR MF crosses turnover of Rs. 282 crore
Goldman Sachs Nifty Exchange Traded Scheme (NIFTY BEES) Board approves Dividend of Rs. 7
Goldman Sachs Banking Index Exchange Traded Scheme (BANK BEES) Board approves Dividend of Rs. 11
Goldman Sachs S&P CNX Nifty Shariah Index Exchange Traded Scheme (SHARIA BEES) Board approves Dividend of Rs. 2
Goldman Sachs Nifty Junior Exchange Traded Scheme (JUNIOR BEES) Board approves Dividend of Rs. 1
SHARIA BEES Board Meeting on Feb 24, 2014 to consider Dividend
BANK BEES to announce dividend on Feb 24, 2014
NIFTY BEES Board Meeting on Feb 24, 2014 to consider Dividend
JUNIOR BEES to consider dividend on Feb 24, 2014
MF assets reach all-time high of Rs. 8.68 trillion in May - SMC Global
IIFL Mutual Fund launches IIFL Dynamic Bond Fund NFO Opens on June 6, 2013; Closes on June 17, 2013
Religare Mutual Fund will now be Religare Invesco Mutual Fund
IL&FS Infrastructure Debt Fund to purchase Infra loans from 8 Banks
BNP Paribas Government Securities Fund - NFO Note - HDFC Securities
Goldman Sachs Nifty Exchange Traded Scheme Board recommends Dividend if Rs. 7.50
Goldman Sachs Banking Index Exchange Traded Scheme recommends Dividend of Rs. 18
Indiabulls Mutual Fund launches Indiabulls Income Fund
Sahara Banking & Financial Services Fund declares Tax-Free Dividend of Rs.2.50
Indiabulls Mutual Fund garners Rs.100 Crore from Gilt Fund NFO
Inflows to ETFs rose by 2.75% during November 2012 - HDFC Securities
IDBI Gilt Fund - NFO Note - HDFC Securities
Tata Mutual Fund launches Tata Capital Protection Oriented Fund - Series II
Axis Mutual Fund launches Axis Focused 25 Fund
Make a Golden beginning with Gold ETF on Akshaya Tritiya
Goldman Sachs Banking Index Exchange Traded Scheme Board recommends Dividend of Rs.11
Goldman Sachs Nifty Exchange Traded Scheme Board recommends Dividend of Rs.10
Gold ETF - A smart way to Invest - Geojit BNP Paribas
Religare Mutual Fund unveils Religare Gold Fund
Religare MF declares Rs.0.75 dividend under Religare Tax Plan
ICICI Prudential Tax Plan declares dividend of Rs.2
Religare Mutual Fund unveils Religare Medium Term Bond Fund
Karvy Computershare Mutual Fund services launches "K-ATOM" to provide MF services to investors on mobile phones
UTI Mutual Fund launches SIP investments via NSE - MFSS platform
Birla Sun Life 95 Fund-Plan A declares 75% dividend
Birla Sun Life Equity Fund-Plan A declares 50% dividend
Birla Sun Life Top 100 Fund declares 10% dividend
Kotak Select Focus Fund announces dividend of Rs.1.25
Sahara Wealth Plus Fund declares dividend of Rs.4
SBI Magnum Multiplier Plus Scheme 93 announces 70% dividend
Kotak Balance Fund announces dividend of Rs.0.75
Religare MF declares dividend of Rs.2.70 per unit under Religare Mid Cap Fund


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2016