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Religare Mutual Fund: Change in Face Value & Minimum Redemption Amount


Religare Mutual Fund has announced to change the face value & minimum investment amount of 7 following debt schemes - Religare Active Income, Religare Short-term, Religare Credit-Opp, Religare Medium-term, Religare MIP, Religare MIP Plus & Religare Gilt.

Face Value
The face value of above mentioned schemes will be raised to Rs 1,000 from Rs 10 presently.

Minimum Redemption Amount/Units
Under all the above mentioned schemes, the minimum amount will be raised to Rs 1,000 or 1 unit or account balance whichever is lower. Presently, it is Rs 1,000 or 100 units or account balance whichever is lower.