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Religare Short-term Plan A & B: Increase in Expense Ratio

Religare Mutual Fund has announced to increase the annual scheme recurring expenses of Religare Short-term Plan A & B with effect from May 25, 2012.

Overall now, both plans will charge 2.25% annual recurring expenses while presently, Plan A is charging 2% and Plan B is charging 1.75% annual recurring expenses.

The major increment will be the hike in investment management & advisory fee from the current 1% to 1.25% in both the plans.

Investors have been given an option to exit without paying any exit load between April 25, 2012 to May 24, 2012.