Religare Mutual Fund has announced the conversion of Religare Mid N Small Cap Fund, a 3 year close-ended equity scheme into an open-ended scheme with effect from March 17, 2011.
Investors who wish to continue can do so without doing anything. However, investors who want to exit from the scheme can redeem their units or they can switch to other schemes of Religare Mutual Fund from February 15, 2011 to March 16, 2011 without paying any exit load.
New investment in the scheme will be subject to an exit load of 1 per cent if redeemed within 1 year from the date of allotment.
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