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Change in Fundamental Attributes under Religare Arbitrage Fund

Religare Mutual Fund has decided to change the liquidity provisions of Religare Arbitrage Fund, an equity oriented interval scheme with effect from April 1, 2011.

Liquidity: As per the revised provision, the scheme would offer units for subscription and redemption at NAV based prices on all Business Days on an ongoing basis.

Type of Scheme: Consequently, the type of the scheme will be changed from “An equity oriented interval scheme” to “An open ended equity scheme”.

Investors, who do not wish to continue, can redeem their units or switch their units to any other schemes of Religare Mutual Fund from March 1, 2011 to March 31, 2011 without paying any exit load.