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| Load Structure |
Minimums |
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| Purchases |
Entry Load |
Exit Load |
| Lumpsum |
Nil |
2% (if redeemed/switched out on or before 6 months from the date of allotment); 1% (if redeemed/switched out after 6 months but before 1 year from the date of allotment); Nil (if redeemed/switched out after 1 year from the date of allotment) |
| SIP |
Nil |
2% (if redeemed/switched out on or before 6 months from the date of allotment); 1% (if redeemed/switched out after 6 months but before 1 year from the date of allotment); Nil (if redeemed/switched out after 1 year from the date of allotment) |
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| Lumpsum / SIP (Rs.) |
| Plan |
Retail |
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Rs. 5000/- |
| Additional Purchase |
Rs. 1000/- |
| Redemption |
Rs. 1000/- or 100 units |
| and in multiples of Re. 1/- thereafter |
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| In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered distributors based on the investors’ assessment of various factors including the service rendered by the distributor. |
| SIP Options |
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| Options |
Minimum Investment Amount |
Minimum Instalments |
Instalment Dates Offered |
| Monthly |
Rs. 500/- per month and in multiples of Re. 1/- thereafter |
12 (including first installment),
where the amount of each SIP
installment is Rs. 500/- or more
but less than Rs. 1000/- or 6
(including first installment),
where the amount of each SIP
installment is Rs. 1000/- or more.
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3rd or 10th or 15th or 20th or 25th of the month |
| Quarterly |
Rs.1,500/- per quarter and in multiples of Re.1/- thereafter |
4 (including first installment) |
3rd or 10th or 15th or 20th or 25th of the quarter (Jan, April, July, Oct) |
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| Recurring Expenses |
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| Nature Of Expense |
% p.a. of Average Daily Net Assets |
| Custodial Fees |
0.01% |
| Registrar & Transfer Agent Fees including
cost related to providing accounts statement,
dividend/redemption cheques/warrants etc.
|
0.05% |
| Marketing & Selling Expenses including Agents
Commission and statutory advertisement
|
0.38% |
| Brokerage & Transaction Cost pertaining to the
distribution of units
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0.22% |
| Audit Fees / Fees and expenses of trustees |
0.04% |
| Other Costs related to investor communications |
0.04% |
| Audit Costs of fund transfer from location to location |
0.01% |
| Other Other Expenses |
- |
| Total |
0.75% |
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| The AMC may incur actual expenses which may be more or less than those estimated above under any head and / or in total. The AMC will charge the Scheme such actual expenses incurred, subject to the statutory limit prescribed in Regulation 52 of the Regulations. Any excess over these limits will be borne by the AMC. |
| View Actual Recurring Expenses |
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| Nitish Sikand |
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| Nitish has over 9 years’ experience in fixed income and product development. Prior to joining Religare Asset Management, Nitish was working with ICICI Bank Limited, in their International Private Banking Division, as Product Manager. Prior to ICICI Bank, he was working with JM Financial Asset Management as a Fixed Income Analyst. Nitish has also worked with Citicorp Maruti Finance Limited as a Relationship Manager. Nitish holds a Commerce degree and is an MBA with specialization in Finance. |
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