Latest Press Releases - Media Centre

Religare MF declares dividend under Religare Tax Plan

Mumbai, March 30, 2011 : Religare MF has announced dividend of Rs. 0.75/- per unit on the face value of Rs.10 under the dividend option of Religare Tax Plan. (Dividend distribution is not assured and is subject to availability of distributable surplus on the record date. Pursuant to the payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy if any.) The record date for dividend is March 30, 2011. All investors under the dividend option, whose names appear on the register of unit holders as on March 30, 2011 would be eligible for dividend. Religare Tax Plan is an open ended equity linked savings scheme with a lock in period of 3 years. The scheme seeks to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities. The NAV of the scheme as on March 24, 2011 under the dividend option stood at Rs. 11.91/- per unit.

This is the 4th dividend declared by the scheme since its inception; the last dividend declared by the scheme was in Jan 2011. (Past performance may or may not be sustained in future)

The fund offers both Lump sum and SIP modes of investment along with dividend & growth options. The minimum application amount under both options is Rs.500/- and in multiples of Re.500/- thereafter. About Religare Asset Management

With average assets under management of over INR 104bn ( for quarter ending Dec , 2010), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd., which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited

Religare is an emerging markets financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services including broking, insurance, asset management, lending solutions, investment banking and wealth management. With 10,000-plus employees across multiple geographies, Religare serves over a million clients, including corporate and institutions, high net worth families and individuals, and retail investors.

For more information, please visit - www.religare.in

Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the objective of the Scheme will be achieved. Investment in Mutual Fund units involve investment risks such as trading volumes, settlement risk, liquidity risks, default risk including the possible loss of capital. As with any investment in securities, the NAV of the units issued under Scheme may go up or down depending upon the factors and forces affecting the securities markets. Past performance of the Sponsor and its affiliates / AMC / Mutual Fund and its Scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund. Investors in the Scheme are not being offered any guaranteed / assured returns. Investors should be aware that the fiscal rules/ tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax consequences, each investor is advised to consult his/ her own professional tax advisor. Religare Tax Plan, an open ended equity linked savings scheme with a lock in period of three years (Investment objective: To generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.) is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme, its future prospects and returns. Asset Allocation Pattern: Equity & Equity related instruments: 80% - 100%. Money Market Instruments: 0% - 20%. Terms of Issue: The units will be available for subscription and redemption (after a lock in period of three years from the date of allotment of units) on all Business days at applicable NAV, subject to applicable load. Load Structure: Entry Load: Nil. Exit Load: Nil. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Statutory Details: Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd. (liability restricted to Rs. 1,50,000) with Religare Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with Religare Asset Management Company Ltd. as the Investment Manager.

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Download: PDF

Religare Asset Management appoints Sujoy Das as Head of Fixed Income

Mumbai, September 2, 2010 : Religare Asset Management today announced the appointment of Sujoy Das as the Head of Fixed Income. Based in Mumbai, Sujoy will be responsible for managing the AMC’s fixed income portfolio.

Sujoy has over 15 years of experience in the Indian Fixed Income Markets. He joins Religare Asset Management from Bharti AXA Investment Managers where he was the Head of Fixed Income. Prior to Bharti Axa, he was working as Vice President & Fund Manager with DSP Merrill Lynch Mutual Fund managing their fixed income funds. Sujoy has also worked with Bank of Punjab and was part of their treasury operations.

About Religare Asset Management

With average assets under management of over INR 105 bn (for August 2010), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited

Religare is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. The group has also pioneered the concept of investments in alternative asset classes such as arts and films. With 10,000 plus employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals, and retail investors.

For more information, please visit - www.religare.in

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Download: PDF

Religare MF unveils India's First Monthly Income Plan with Gold.

Mumbai, April 12, 2010 : Religare MF today announced the launch of two new funds: Religare Monthly Income Plan (MIP) Plus – India’s First Monthly Income Plan with an asset allocation to Gold and Religare Monthly Income Plan – the traditional monthly income plan.

Religare Monthly Income Plan (MIP) Plus

Religare MIP Plus is a departure from the traditional breed of monthly income plans, which combine fixed income and equities. This innovative fund introduces one additional asset class i.e. Gold (through Gold ETF’s), with the aim of improving diversification and enhancing performance. Gold has a low or negative correlation with most other asset classes, which means that its price changes are independent of price changes in other asset classes like equities and debt. Adding gold provides the fund manager with the flexibility to tilt the allocation made between asset classes so that the fund is positioned to take full advantage of prevailing market conditions. The fund seeks to generate regular income through a portfolio of fixed income securities, Gold ETFs, equity and equity related instruments. The fund will invest a minimum of 65% of its assets in debt and money market instruments (exposure range 65% - 90%); in addition a minimum 10% of assets will be invested in Gold ETFs (exposure range 10% - 35%). The fund, to generate moderate capital growth will invest upto 25% in equity and equity related assets (exposure range 0 – 25%). The fund manager will adopt the bottom up investment approach to select stocks. The fund is benchmarked against CRISIL MIP Blended Index and Price of Gold.

Speaking on the occasion Saurabh Nanavati, Chief Executive Officer, Religare MF said "Traditionally, Indian Investors have always found comfort with fixed income and gold. Including Gold in a traditional MIP provides the retail investor with added convenience of being able to invest in 1 scheme as compared to investing and tracking of 3 different asset classes. It also 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, stablise the risk/ return profile during declining financial markets and poor economic climates."

Religare Monthly Income Plan

Religare Monthly Income Plan is the traditional MIP product offering that seeks to generate regular income through a portfolio of predominantly high quality fixed income securities and with a small exposure to equity and equity related instruments. The fund will invest 75%-100% in debt and money market instruments and 0-25% in equity and equity related instruments. The fund is benchmarked against CRISIL MIP Blended Index.

For both Religare MIP Plus & Religare Monthly Income Plan, the minimum application amount during NFO under the Growth option is Rs. 5,000/- and in multiples of Re. 1/- thereafter. Under the Dividend option, the minimum application amount is Rs. 25,000/- and in multiples of Re. 1/- thereafter.

About Religare Asset Management
With average assets under management of over INR 129bn (for March 2010),expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
Religare is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. The group has also pioneered the concept of investments in alternative asset classes such as arts and films. With 10,000 plus employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals, and retail investors.

For more information, log on to www.religaremf.com

Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the objective of the Scheme will be achieved. Investment in mutual fund units involve investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of capital. As with any investment in securities, the NAV of the units issued under Scheme may go up or down depending upon the factors and forces affecting the securities markets. Past performance of the Sponsor and its affiliates / AMC / Mutual Fund and its Scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund. Investors in the Scheme are not being offered any guaranteed / assured returns. Religare Monthly Income Plan (MIP) Plus (An Open Ended Income Scheme. Monthly income is not assured and is subject to availability of distributable surplus. The term ‘Plus’ has been used in terms of the asset allocation and not in terms of returns/yield.) and Religare Monthly Income Plan (An Open Ended Income Scheme. Monthly income is not assured and is subject to availability of distributable surplus.) are only the names of the Schemes and do not in any manner indicate either the quality of the Schemes, their future prospects and returns. Asset Allocation Pattern: Religare Monthly Income Plan (MIP) Plus: Debt* and Money Market Instruments: 65%-90%. Equity and Equity Related Instruments and/ or Units of equity mutual fund schemes: 0%-25%. Gold Exchange Traded Funds: 10%-35%. *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. Religare Monthly Income Plan: Debt* and Money Market Instruments: 75%-100%. Equity and Equity Related Instruments and/ or Units of equity mutual fund schemes: 0%-25%. *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. Please read the Scheme Information Document(s) and Statement of Additional Information carefully before investing. SID, SAI and Key Information Memorandum cum Application Form are available at the ISC/Distributors. Load Structure: Entry Load: Nil. 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. Terms of Issue: Issue of units at Rs.10/- per unit during the New Fund Offer and at the NAV based prices on all the Business Days on ongoing basis. The Schemes offer repurchase/redemption facility at NAV based prices on all the business days commencing not later than 30 days from close of new fund offer period. The NAV of the Schemes will be disclosed on all Business Days. Statutory Details: Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd. (liability restricted to Rs. 1,50,000) with Religare Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with Religare Asset Management Company Ltd. as the Investment Manager.

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Download: PDF

Religare MF declares 20% dividend in Religare Contra Fund

Mumbai, March 9, 2010: Religare Mutual Fund has announced 20% dividend under the dividend option of Religare Contra Fund (Rs. 2/- per unit on the face value of Rs.10 per unit.) (Dividend declared is subject to availability of distributable surplus and may be lower to the extent of distributable surplus available on record date. Pursuant to payment of dividend, the NAV will fall to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future. The NAV of the Scheme as on March 5, 2010 under the dividend option stood at Rs. 13.52 per unit.) The record date for dividend is March 12, 2010. All investors under the dividend option, whose names appear on the register of unit holders as on March 12, 2010 would be eligible for dividend.

Religare Contra Fund is an open-ended equity scheme which invests in fundamentally sound companies, which are currently out-of-favour with the overall market but at the same time have unrecognized value. Contrarian approach towards investment is based on the premise of identifying these out-of-favour stocks and move away from the herd mentality, looking for that first mover advantage in these scrips, incase of a turnaround. It involves investing in stocks, which are currently trading at a bargain, as opposed to growth/momentum led approach to stock picking.

Fund Performance as on February 26, 2010

Period	Religare Contra Fund ^	BSE 500 @
1 year*	115.63%	101.68%
Since Inception*	13.72%	9.41%

* Compounded Annualised. Returns are of Growth Option . @ Benchmark. ^Past performance may or may not be sustained in future.

About Religare Asset Management
With average assets under management of over INR 148bn (for February 2010),), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd., which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited (“REL”) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients. REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund. With a view to expand and diversify, REL operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’. REL, through its subsidiaries, has launched India’s first holistic arts initiative – with a gallery -- as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors. REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 498 cities and towns controlling 1,837 business locations all over India as on June 2009.

To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC (“RHH”). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London. Pursuant to expansion of REL’s business, the company has grown from largely an equity trading company into a diversified financial services company. With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore). For more information, please visit - www.religare.in

“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and otherconsiderations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer(“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involvesa high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”

Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the objective of Scheme will be achieved. As with any investment in securities, the NAV of the units issued under Scheme may go up or down depending upon the factors and forces affecting the securities markets. In line with its investment objective, the Scheme will invest only in equity and equity related instruments of PSU companies and hence it will be affected by the policy of the government with respect to PSU companies. Equity and equity related instruments by nature are volatile and prone to price fluctuations on a daily basis due to macro and micro economic factors. Past performance of the Sponsor and its affiliates / AMC / Mutual Fund and its scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund. Investors in the Scheme are not being offered any guaranteed / assured returns. Religare PSU Equity Fund, an open ended equity scheme (Investment Objective: To generate capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors.) is only the name of the Scheme and does not in any manner indicates either the quality of the Scheme or its future prospects and returns. Asset Allocation Pattern: Equity & Equity Related Instruments of the constituents of BSE PSU Index: 65%-100%. Equity & Equity Related Instruments of PSU companies other than the constituents of the BSE PSU Index:0%-35%. Equity & Equity Related Instruments of non PSU companies#: 0%-20%. Debt* & Money Market Instruments: 0%-35%. #Companies which are PSU at the time of investment and which may subsequently become non PSU because of privatization or disinvestment. *Investment in securitized debt including pass through certificate (PTC) <= 20% of the net assets. The Scheme will not invest in foreign securitized debt. Maximum derivative position <= 50% of the net assets. Load Structure: Entry Load: Nil. Exit Load: 1% if redeemed / switched out on or before 1 year from the date of allotment; Nil if units are redeemed / switched out after 1 year from the date of allotment. Please read the Scheme Information Document (SID) and Statement of Additional Information (SAI) before investing. Terms of Issue: The Scheme offers repurchase/redemption facility at NAV based prices on all the business days commencing not later than 30 days from close of new fund offer period. Statutory Details: Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd. (liability restricted to Rs. 1,50,000) with Religare Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with Religare Asset Management Company Ltd. as the Investment Manager.

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Download: PDF

Religare MF declares 25% Dividend under Religare Banking Fund

Mumbai, January 25, 2010: Religare MF has announced dividend of 25% (Re. 2.50/- per unit on the face value of Rs.10) under the dividend option of Religare Banking Fund. (Dividend distribution is not assured and is subject to availability of distributable surplus on the record date. After the payment of dividend, the NAV will fall to the extent of payout and statutory levy if any.) The record date for dividend is January 29, 2010. All investors under the dividend option, whose names appear on the register of unit holders as on January 29, 2010 would be eligible for dividend. Religare Banking Fund is an open ended banking sector scheme that seeks to generate long-term capital growth from a portfolio of equity and equity-related securities of companies engaged in the business of banking and financial services. The NAV of the scheme as on January 22nd, 2010 under the dividend option stood at Rs. 14.35/- per unit.

This is the 2nd dividend declared by the scheme; the last dividend declared by the scheme was 7.5% in July 2009.

Religare Banking Fund has a mandate to have atleast 65% of the portfolio invested in companies forming part of CNX Bank Index, and the remainder to be invested in banking and financial services companies other than the constituents of CNX Bank index. The fund is concentrated in nature due to its single sector focus and is ideally suited for investor with a higher risk appetite.

The fund offers both Lump sum and SIP modes of investment along with dividend & growth options.

About Religare Asset Management
With average assets under management of over INR 158bn (for Dec, 2009), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd., which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited (“REL”) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients. REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund. With a view to expand and diversify, REL operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’. REL, through its subsidiaries, has launched India’s first holistic arts initiative – with a gallery -- as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors. REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 498 cities and towns controlling 1,837 business locations all over India as on June 2009.

To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC (“RHH”). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London. Pursuant to expansion of REL’s business, the company has grown from largely an equity trading company into a diversified financial services company. With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore). For more information, please visit - www.religare.in

“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and otherconsiderations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer(“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involvesa high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”

Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the objective of Scheme will be achieved. As with any investment in securities, the NAV of the units issued under Scheme may go up or down depending upon the factors and forces affecting the securities markets. In line with its investment objective, the Scheme will invest only in equity and equity related instruments of PSU companies and hence it will be affected by the policy of the government with respect to PSU companies. Equity and equity related instruments by nature are volatile and prone to price fluctuations on a daily basis due to macro and micro economic factors. Past performance of the Sponsor and its affiliates / AMC / Mutual Fund and its scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund. Investors in the Scheme are not being offered any guaranteed / assured returns. Religare PSU Equity Fund, an open ended equity scheme (Investment Objective: To generate capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors.) is only the name of the Scheme and does not in any manner indicates either the quality of the Scheme or its future prospects and returns. Asset Allocation Pattern: Equity & Equity Related Instruments of the constituents of BSE PSU Index: 65%-100%. Equity & Equity Related Instruments of PSU companies other than the constituents of the BSE PSU Index:0%-35%. Equity & Equity Related Instruments of non PSU companies#: 0%-20%. Debt* & Money Market Instruments: 0%-35%. #Companies which are PSU at the time of investment and which may subsequently become non PSU because of privatization or disinvestment. *Investment in securitized debt including pass through certificate (PTC) <= 20% of the net assets. The Scheme will not invest in foreign securitized debt. Maximum derivative position <= 50% of the net assets. Load Structure: Entry Load: Nil. Exit Load: 1% if redeemed / switched out on or before 1 year from the date of allotment; Nil if units are redeemed / switched out after 1 year from the date of allotment. Please read the Scheme Information Document (SID) and Statement of Additional Information (SAI) before investing. Terms of Issue: The Scheme offers repurchase/redemption facility at NAV based prices on all the business days commencing not later than 30 days from close of new fund offer period. Statutory Details: Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd. (liability restricted to Rs. 1,50,000) with Religare Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with Religare Asset Management Company Ltd. as the Investment Manager.

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Download: PDF

Religare PSU Equity Fund NFO collects over Rs.229 crores

Mumbai, November 12, 2009: Religare MF today announced collection figures of its recently concluded Religare PSU Equity Fund NFO. Religare PSU Equity Fund, an open ended equity scheme, seeks to generate capital appreciation by investing in companies where the Central / State Government (s) has majority shareholding or where the management control lies with the Government. The fund aims to select fundamentally sound companies having the potential to deliver superior growth in the long term. The new fund offer from September 29 to October 28, had sought minimum application amount of Rs. 5,000 from resident and non-resident investors. Post the entry load ban that came into effect from August 1, 2009, and the lull witnessed with respect to sales of equity mutual funds, the response received to this new scheme from investors has been very encouraging.

Speaking on the occasion, Saurabh Nanavati, Chief Executive Officer, Religare Mutual Fund said, “The period August – October 2009 has actually seen equity outflows from the industry - both from a transaction perspective as well as AUM of over Rs. 3,900 crores moving out ( as per AMFI data). This can be attributed to
1) Profit-booking by investors based on advice from their distributor and
2) Slowdown in fresh collections due to the distributor undergoing a change in his
business model of charging advisory fees”

“In the backdrop of this tough environment for equity collections, I am extremely pleased to announce that the fund has collected over Rs.229 crores, with close to 37,000 applications ( including 7,000 SIP applications), coming in from over 170 cities and towns across the country.

“Religare AMC wishes to thank the distributor community, especially the IFA channel for their continued support, and we will continue to increase our ground presence in tier 2 and tier 3 cities in the next 2 years to ensure better service to them”

The Religare PSU Equity Fund will reopen for ongoing sale and repurchase (not later than) on November 27, 2009.

About Religare Asset Management
With average assets under management of over INR 134bn (for Oct, 2009), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd., which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited (“REL”) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients. REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund. With a view to expand and diversify, REL operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’. REL, through its subsidiaries, has launched India’s first holistic arts initiative – with a gallery -- as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors. REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 498 cities and towns controlling 1,837 business locations all over India as on June 2009.

To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC (“RHH”). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London. Pursuant to expansion of REL’s business, the company has grown from largely an equity trading company into a diversified financial services company. With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore). For more information, please visit - www.religare.in

“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and otherconsiderations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer(“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involvesa high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”

Risk Factors: All mutual funds and securities investments are subject to market risks and there can be no assurance that the objective of Scheme will be achieved. As with any investment in securities, the NAV of the units issued under Scheme may go up or down depending upon the factors and forces affecting the securities markets. In line with its investment objective, the Scheme will invest only in equity and equity related instruments of PSU companies and hence it will be affected by the policy of the government with respect to PSU companies. Equity and equity related instruments by nature are volatile and prone to price fluctuations on a daily basis due to macro and micro economic factors. Past performance of the Sponsor and its affiliates / AMC / Mutual Fund and its scheme(s) do not indicate the future performance of the Scheme of the Mutual Fund. Investors in the Scheme are not being offered any guaranteed / assured returns. Religare PSU Equity Fund, an open ended equity scheme (Investment Objective: To generate capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors.) is only the name of the Scheme and does not in any manner indicates either the quality of the Scheme or its future prospects and returns. Asset Allocation Pattern: Equity & Equity Related Instruments of the constituents of BSE PSU Index: 65%-100%. Equity & Equity Related Instruments of PSU companies other than the constituents of the BSE PSU Index:0%-35%. Equity & Equity Related Instruments of non PSU companies#: 0%-20%. Debt* & Money Market Instruments: 0%-35%. #Companies which are PSU at the time of investment and which may subsequently become non PSU because of privatization or disinvestment. *Investment in securitized debt including pass through certificate (PTC) <= 20% of the net assets. The Scheme will not invest in foreign securitized debt. Maximum derivative position <= 50% of the net assets. Load Structure: Entry Load: Nil. Exit Load: 1% if redeemed / switched out on or before 1 year from the date of allotment; Nil if units are redeemed / switched out after 1 year from the date of allotment. Please read the Scheme Information Document (SID) and Statement of Additional Information (SAI) before investing. Terms of Issue: The Scheme offers repurchase/redemption facility at NAV based prices on all the business days commencing not later than 30 days from close of new fund offer period. Statutory Details: Religare Mutual Fund has been set up as a trust sponsored by Religare Securities Ltd. (liability restricted to Rs. 1,50,000) with Religare Trustee Company Ltd. as the Trustee (Trustee under the Indian Trusts Act, 1882) and with Religare Asset Management Company Ltd. as the Investment Manager.

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Download: PDF

Religare MF launches Religare PSU Equity Fund

NFO Now Open; Closes: 28th Oct, 2009

Mumbai, Sept 29th, 2009: Religare MF today announced the launch of its new fund ‘Religare PSU Equity Fund’ (an open ended equity scheme). The fund seeks to generate capital appreciation by investing in companies where the Central / State Government (s) has majority shareholding or where the management control lies with the Government. The fund aims to select fundamentally sound companies having the potential to deliver superior growth in the long term. The Fund will invest in Government companies having presence in core sectors and companies, which are expected to benefit from the divestment process and reforms. At least 65% of the assets will be invested in companies, which are part of the BSE PSU Index. Balance 35% will be invested in PSUs outside the BSE PSU Index. The fund will also participate in forthcoming IPOs of Government companies. In addition, the Fund mandate has been carefully thought through and provides the flexibility to hold up to 20% of the companies even after the Government exits or becomes a minority shareholder, past examples being Hindustan Zinc and Maruti.

PSUs – Fast Facts
• 6 out of Top 10 companies* in India are Public Sector Companies.
• Rs. 1 lac invested in Public Sector Companies* in Jan 2000 is worth over Rs.5.5 lacs today in comparison to Rs 2.9 lacs delivered by BSE Sensex companies.
• PSU companies# over the last 1 year and 3 year periods have delivered higher returns in comparison to returns delivered by Sensex companies.
• Divestment will make PSUs even more lucrative in the future.
• In 2008, Public Sector Companies paid over 33.5% of net profits as dividends.
• Most PSUs are leaders in their category, virtual monopolies in many.

* In terms of market cap; # represented by BSE PSU Index

Speaking on the occasion, Saurabh Nanavati, Chief Executive Officer, Religare Mutual Fund said, “PSU companies are attractively priced in terms of valuations vis-a –vis the broader markets and the BSE Sensex – almost at a 20-30% discount, thereby offering a good margin of safety for the investor. With GDP growth being led by Government spending last year and for the next 2-3 years, PSUs will be natural beneficiaries, with strong growth potential.”

“Further, disinvestment by the Government would lead to significant re-rating of PSU companies. Remember all our local indices and MSCI India are on a free float basis, where PSUs score poorly – e.g. PSU weightage in Nifty by Market capitalization is approx. 29% while actual weightage is only 14.7% due to low free float. As the Government divests, fund managers across the world will have to increase their weightage in PSUs. While Urban India may have a poor perception of PSU companies, the stock performance over the last 1, 3 and 10 years have proved to be even better than the Sensex. The future too has a lot of upside triggers in their favour and Indian and foreign investors just cannot ignore this category.”

“Religare AMC post its acquisition of Lotus AMC in Dec 2009, has established presence through 61 own branches in 57 cities till date, to service its 12,000+ distributors and 220,000+ clients. Our AUM too has grown 4 fold to Rs. 14,700 crores, over a 10 month period and we would like to thank our investors for their confidence in the Religare brand.”

The fund will adopt a bottom up & top down approach to create a diversified portfolio of stocks. The fund will have no capitalization bias and will be style neutral. The fund offers both Growth and Dividend options. Units will be issued at Rs. 10 per unit. No Entry Load will be charged for investments in this fund. For Lumpsum purchase, the minimum application amount is Rs. 5000/- and in multiples of Re.1/- thereafter. For SIP investments the minimum application amount is Rs. 1000/- and in multiples of Re.1/- thereafter per month .The minimum tenure for SIP enrollment is 6 months under the monthly option and 4 months under the quarterly option. The fund is benchmarked to BSE PSU Index. The fund opened for subscription on 29th Sept, 2009 and will be closed for subscription on 28th Oct, 2009.

About Religare Asset Management
With average assets under management of over INR 147bn ( for Aug 2009), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.
Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd., which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited (“REL”) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients.

REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund. With a view to expand and diversify, REL operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’. REL, through its subsidiaries, has launched India’s first holistic arts initiative – with a gallery -- as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors. REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 498 cities and towns controlling 1,837 business locations all over India as on June 2009.

To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC (“RHH”). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London. Pursuant to expansion of REL’s business, the company has grown from largely an equity trading company into a diversified financial services company.

With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore).

For more information, please visit - www.religare.in

“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Download: PDF

NFO Now Open; Closes: 28th Oct, 2009

Religare MF declares maiden dividend of 12% under Religare Contra Fund

Mumbai, Sept 03, 2009: Religare MF has announced a maiden dividend of 12 % under the dividend option of Religare Contra Fund. The record date for dividend is 7th Sept, 2009 (Re 1.20/- per unit on the face value of Rs 10). All investors under the dividend option, whose names appear on the register of unit holders as on 7th Sept, 2009 would be eligible for dividend. Religare Contra Fund seeks to generate capital appreciation through means of contra investing, which involves picking ‘overlooked’ or undiscovered stocks, albeit with sound fundamentals. The NAV of the scheme as on August 31, 2009 under the dividend option stood at Rs 12.86/- per unit.

“Religare MF endeavors to follow a customer centric approach; markets permitting will aim at declaring dividends across its schemes regularly” said Saurabh Nanavati, Chief Executive Officer, Religare Mutual Fund.

The fund offers dividend & growth options. The minimum application amount under both options is Rs.5000/- and in multiples of Re.1/- thereafter.

About Religare Asset Management
With average assets under management of over INR 147bn (as on Aug 2009), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd., which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited (“REL”) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients.

REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund.

With a view to expand and diversify, REL operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’.

REL, through its subsidiaries, has launched India’s first holistic arts initiative – with a gallery -- as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors. REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 498 cities and towns controlling 1,837 business locations all over India as on June 2009.

To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC (“RHH”). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London. ursuant to expansion of REL’s business, the company has grown from largely an equity trading company into a diversified financial services company. With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore).

For more information, please visit - www.religare.in

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Aruna Balkrishna Singh
Principal Consultants
Hanmer MS&L,
Cell : 98196 86583 Email : aruna.singh@hanmermsl.com

Download: PDF

Religare MF launches Credit Opportunities Fund

Mumbai, August 17, 2009: Religare MF today formally announced the launch of its new fund ‘Religare Credit Opportunities Fund (an open ended income scheme). The scheme seeks to generate high level of current income (vis-à-vis treasury bills) consistent with preservation of capital and maintenance of liquidity by investing primarily in investment-grade debt securities and money market instruments.

The fund aims to beat its benchmark by investing in instruments that offer superior yield and will invest in short – term corporate bonds across the credit spectrum. The key focus would be to enhance the portfolio returns by identifying optimum credit opportunities in the market i.e. by investing in instruments that offer superior yield at acceptable levels of risk.

Speaking on the occasion, Saurabh Nanavati, Chief Executive Officer, Religare Mutual Fund said, “Credit markets have stabilized, liquidity is plentiful and with the gradual economic recovery the prospective rewards for taking credit risk across fixed income markets are attractive. The fund aims to generate alpha (excess returns) for its investors, through strategies, which involve taking active positions across the credit curve. This differentiates it from other schemes currently available in the Indian markets, which are predominantly focused only on investing across the yield curve spectrum, and therefore, provides an ideal diversification tool to investors.”

The fund offers Retail and Institutional plans. The minimum application amount is Rs.5000/- and in multiples of Re.1 under the retail plan and Rs. 1 crore and in multiples of Re.1 under the institutional plan. Units will be issued at Rs.10/-. No entry load will be charged on investments; however, an exit load of 0.25% will be applicable on investments redeemed on or before 1 month from the date of allotment. The fund is benchmarked to CRISIL Short term Bond Index. The new fund offer closes on Aug 25, 2009.

About Religare Asset Management
With average assets under management of over INR 122 bn ( for July 2009), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd., which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited (“REL”) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients.

REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund.

With a view to expand and diversify, REL operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’.

REL, through its subsidiaries, has launched India’s first holistic arts initiative – with a gallery -- as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors.

REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 498 cities and towns controlling 1,837 business locations all over India as on June 2009.

To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC (“RHH”). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London.

Pursuant to expansion of REL’s business, the company has grown from largely an equity trading company into a diversified financial services company. With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore).

For more information, please visit - www.religare.in

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Limited,
Tel : 022 6731 0145 Fax : 022 28371565 Cell : 98203 49310
Email : haresh.sadani@religaremf.com

Aruna Balkrishna Singh
Principal Consultants
Hanmer MS&L,
Cell : 98196 86583 Email : aruna.singh@hanmermsl.com

Download: PDF

Religare MF unveils Religare Business Leaders Fund

Mumbai, July 14, 2009: Religare MF today formally announced the launch of its new fund ‘Religare Business Leaders Fund’ (an open ended equity scheme). The fund seeks to generate capital appreciation by investing in companies which in Religare AMC’s opinion are leaders in their respective industry or industry segment. These companies are expected to do better than others in their industry in all economic environments in terms of growth, margins and profitability. Typically, companies which are leaders are expected to exhibit one or more of the following attributes
1) Better Pricing Power 2) Superior Cost Structure / Efficiencies 3) Significant Sustainable Competitive Advantages 4) Better Access to Capital. These then reflect in the company being in Top 3 – 5 in terms of market share, having margins and growth rates better than the industry or industry segment average.

Speaking on the occasion, Saurabh Nanavati, Chief Executive Officer, Religare Mutual Fund said, “The ability of business leaders to survive the hard times, when marginal players are taking a beating and thrive in good times makes them an attractive long term investment proposition and this fund is recommended for all investors as core holding for their investment portfolio” The fund will adopt a bottom up & top down approach to create a diversified portfolio of stocks aided by Religare AMC’s proprietary Stock Categorisation Philosophy. The fund universe will consist of leaders across sectors. In many industries or sectors (total of 38 as per AMFI) the leaders are midcap companies. The fund will therefore invest in both the large cap and midcap space. The fund offers both Growth and Dividend options. Units will be issued at Rs. 10 per unit plus applicable load. There is no entry load charged for investments made through the SIP route. For Lumpsum purchase, the minimum application amount is Rs. 5000/- and in multiples of Re.1/- thereafter. For SIP investments the minimum application amount is Rs. 1000/- and in multiples of Re.1/- thereafter per month .The minimum tenure for SIP enrollment is 6 months. The fund is benchmarked to S&P CNX Nifty. The fund opened for subscription on 10th July, 2009 and will close for subscription on 31st July, 2009.

Added Mr. Saurabh Nanavati, CEO, Religare Mutual Fund “Post acquisition of Lotus Mutual Fund in December 2008, this is the first equity fund launch from the Religare stable. Religare Mutual Fund had acquired Lotus Mutual Fund with roughly Rs. 3,500 crores in AUM – of which Rs. 2,000 crores were in FMPs maturing by March 2009. As of June 2009, Religare MF is Rs. 10,030 crores in average AUM and has risen rapidly in AUM rankings in the last 6 months to being in the top 15 as of June 2009. The Financial Services space and Asset Management business within that space is a key focus area for Religare Enterprises and the group is looking at growing this business rapidly through organic and inorganic opportunities. Religare Mutual Fund today has a presence in 56 cities through 60 own branches and sales staff and is aiming to further expand this reach to 100 cities in the next 9 months. In a tough operating environment, we are glad to announce that the promoters have infused an additional Rs. 35 crores in equity capital on 13th July 2009, in addition to Rs. 37 crores infused in December 2008. While the AMC is breaking even operationally for the last 2 months, the new capital will be utilized for expanding existing business operations, setting up new infrastructure, investing in new business opportunities and a brand-building campaign.”

Speaking about the newly introduced norms of No Entry-Loads in the MF industry, Mr. Nanavati commented “Norms are changing globally in the financial selling place and disclosures are becoming mandatory in various parts of the world. The decision has already been taken by SEBI and we need to look ahead. Religare Mutual Fund sees itself as a manufacturer of products and will keep launching new products to complete its product suite in all categories – viz. equity, debt and alternative asset classes. We also firmly believe in transparency and the reason for the NFO remaining open only up to 31st July 2009 i.e for 21 days as against 1 month which is the industry norm, is that investors should not feel confused with the new SEBI rules of No-Load, coming in force from 1st August 2009, while an NFO opening before 31st July can actually charge the load even after 1st August 2009 as per the SEBI circular.”

About Religare Asset Management
With average assets under management of over INR 100bn ( for June 2009), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.

Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd. which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
Religare Enterprises Limited (REL), (NSE Code-RELIGARE, BSE Code-532915, Bloomberg Code-RELG IN), is a diversified financial services group of India. REL's businesses are broadly clubbed across three key verticals, the Retail, Institutional and Wealth spectrums, catering to a diverse and wide base of clients.

The vision is to build Religare as a globally trusted brand in the financial services domain and present it as the 'Investment Gateway of India'. All employees of the group guided by an experienced and professional management team are committed to providing financial care, backed by the core values of diligence and transparency.

REL offers a multitude of investment options and a diverse bouquet of financial services with its pan India reach in 1837 locations across 498 cities and towns. REL also currently operates from nine international locations globally following its acquisition of London's brokerage & investment firm, Hichens, Harrison & Co. plc.

With a view to expand, diversify and introduce offerings benchmarked against global best practices, Religare operates its Life Insurance business in partnership with the global major - Aegon. For its wealth management business Religare has partnered with Australia based financial services major-Macquarie. Religare has also partnered with Vistaar Entertainment to launch India's first SEBI approved Film Fund offering a unique alternative asset class of investments.

“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Private Limited,
Tel : 022 6731 0145 Fax : 022 28371565
Cell : 98203 49310 Email : haresh.sadani@religaremf.com

Aruna Balkrishna Singh
Principal Consultants
Hanmer MS&L,
Cell : 98196 86583 Email : aruna.singh@hanmermsl.com

Download: PDF

Maiden Dividend of 7.50% declared under Religare Banking Fund

Mumbai, June 29, 2009: Religare MF has announced maiden dividend of 7.5 % under the Retail Plan - dividend option of Religare Banking Fund. The record date for dividend is 3rd July, 2009 (Re 0.75/- per unit on the face value of Rs 10). All investors under Retail Plan – dividend option, whose names appear on the register of unit holders as on 3rd July, 2009 would be eligible for dividend. Religare Banking Fund seeks to generate long-term capital growth from a portfolio of equity and equity- related securities of companies engaged in the business of banking and financial services. The NAV of the scheme as on June 26, 2009 under the dividend option stood at Rs 12.48/- per unit.

“It is important to understand the requirements of small retail investors who like getting regular returns through dividends. Markets permitting, Religare MF’s endeavour will be to distribute dividends regularly across its schemes.” said Saurabh Nanavati, Chief Executive Officer, Religare Mutual Fund.
The fund under its Retail and Institutional Plans offers dividend & growth options. The minimum application amount under Retail Plan is Rs 5000/- and under Institutional Plan, the minimum application amount is Rs. 5 crores.

About Religare Asset Management
With average assets under management of over INR 92bn (as on May 2009), expertise that extends across equity and fixed income investments, Religare Asset Management offers you a broad range of funds designed to suit your investment needs with an aim to provide best-in-class investment products across asset classes, regions and risk spectrum with high standards of customer service.
Religare Asset Management is promoted by Religare Securities Ltd. - a wholly owned subsidiary of Religare Enterprises Ltd. which is one of India’s leading integrated financial services group offering services ranging from equities, commodities and insurance broking to wealth management, investment banking, portfolio management and personal financial services.

For more information, log on to www.religaremf.com

About Religare Enterprises Limited
Religare Enterprises Limited (REL), (NSE Code-RELIGARE, BSE Code-532915, Bloomberg Code-RELG IN), is a diversified financial services group of India. REL's businesses are broadly clubbed across three key verticals, the Retail, Institutional and Wealth spectrums, catering to a diverse and wide base of clients.

The vision is to build Religare as a globally trusted brand in the financial services domain and present it as the 'Investment Gateway of India'. All employees of the group guided by an experienced and professional management team are committed to providing financial care, backed by the core values of diligence and transparency.

REL offers a multitude of investment options and a diverse bouquet of financial services with its pan India reach in 1837 locations across 498 cities and towns. REL also currently operates from nine international locations globally following its acquisition of London's brokerage & investment firm, Hichens, Harrison & Co. plc.

With a view to expand, diversify and introduce offerings benchmarked against global best practices, Religare operates its Life Insurance business in partnership with the global major - Aegon. For its wealth management business Religare has partnered with Australia based financial services major-Macquarie. Religare has also partnered with Vistaar Entertainment to launch India's first SEBI approved Film Fund offering a unique alternative asset class of investments.

“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”

For further information, please contact:
Haresh L. Sadani
Head – Marketing & Products
Religare Asset Management Company Private Limited,
Tel : 022 6731 0145 Fax : 022 28371565
Cell : 98203 49310 Email : haresh.sadani@religaremf.com

Download: PDF

Saurabh Nanavati - is the CEO designate for Religare AMC

New Delhi, 3rd December 2008: Following the approval from SEBI for restructuring its AMC business and also the nod for acquiring and rechristening Lotus AMC, Religare has decided in principle to appoint Mr. Saurabh Nanavati as CEO for its AMC business. This decision has been communicated to Mr Nanavati, who has agreed to the same. The appointment shall formally come into effect within the next few days.

Mr Ajay Bagga, the incumbent CEO of Lotus India AMC has decided to step down and will pursue other career opportunities.

Commenting on the appointment, Mr Sunil Godhwani, CEO & Managing Director, Religare Enterprises Limited said, “I am pleased to announce that we have in principle decided to appoint Saurabh Nanavati as CEO of Religare AMC. Saurabh is familiar with the Religare culture and ethos and has been involved with our AMC plans for over a year now. Saurabh’s experience and insights in this domain will be an invaluable contribution to the business as we grow in the years to come. We have global ambitions for our asset management business and we are committed to take this business to a leadership position.”

Over recent years, Mr. Nanavati has held a number of senior management positions in India’s fast-growing financial services sector. Prior to this assignment Mr Nanavati was the Chief Investment Officer for HDFC Standard Life in India. Before that he worked for Deutsche Asset Management, both in India and Singapore. Mr. Nanavati has extensive experience of managing investments across all asset classes and has been involved previously in helping establish other new start-up ventures.

Religare Enterprises Limited (REL) one of the leading integrated financial services groups of India, had last month confirmed that Religare Securities Limited (RSL), its wholly owned subsidiary had received clearance from SEBI to acquire the entire shareholding of Lotus India Asset Management Company (Lotus India AMC) from its shareholders.

Earlier in November, Religare had announced its decision to acquire Lotus AMC and subsequently announced its restructuring plans relating to Religare’s partnership with Aegon in the asset management business in India. Religare has also received regulatory approval for divesting its stake in its 50:50 AMC JV with Aegon.

About Religare Enterprises Limited

Religare Enterprises Limited (REL), (NSE Code-RELIGARE, BSE Code-532915, Bloomberg Code-RELG IN), is one of the leading integrated financial services groups of India. REL's businesses are broadly clubbed across three key verticals, the Retail, Institutional and Wealth spectrums, catering to a diverse and wide base of clients.

The vision is to build Religare as a globally trusted brand in the financial services domain and present it as the 'Investment Gateway of India'. All employees of the group guided by an experienced and professional management team are committed to providing financial care, backed by the core values of diligence and transparency.

REL offers a multitude of investment options and a diverse bouquet of financial services with its pan India reach in more than 1550 locations across more than 460 cities and towns. REL also currently operates from 10 countries globally following its acquisition of London's oldest brokerage & investment firm, Hichens, Harrison & Co. plc.

With a view to expand, diversify and introduce offerings benchmarked against global best practices, Religare also operates its Life Insurance business in partnership with the global major – Aegon. For its wealth management business Religare has partnered with Australia based financial services major-Macquarie. Religare has also partnered with Vistaar Entertainment to launch India's first SEBI approved Film Fund offering a unique alternative asset class of investments.

Religare Securities Limited (RSL – is a 100% subsidiary of Religare Enterprises Limited) is one of the leading equity broking firms in India. RSL undertakes Equity broking, Portfolio Management Services, Online Trading and Depository services.

Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make a rights issue of its equity shares to its existing shareholders and further proposes to file a draft letter of offer with the Securities and Exchange Board of India.