Religare Fund has announced that Religare Infrastructure Fund which is a close ended scheme will be converted to an open ended scheme. The change will be effective from 23rd November, 2010. Investors who do not agree with the conversion may redeem or switch their units between the periods of 22nd October, 2010 to 22nd November, 20100 without paying any exit load. After the conversion to open ended scheme the fund will charge 1 per cent exit load if units are redeemed within 1 year from the date of allotment. The scheme is benchmarked against CNX 500 and is managed by Mr. Pardeep Kumar.
Post Office MIS vs Mutual Fund MIPs Post office Monthly Income Scheme has for long been a favourite with investors who want regular monthly income from their investments. They offer risk free 8.5% returns and are especially preferred by conservative investors, like retirees who need regular monthly income from their investments. However, top performing mutual fund monthly income plans (MIPs) have beaten Post Office Monthly Income Scheme (MIS), in terms of annualized returns over the last 5 years, by investing a small part of the corpus in equities which can give higher returns than fixed income investments. The value proposition of the mutual fund aggressive MIPs is that, the interest from debt investment is supplemented by an additional boost to equity returns. Please see the chart below for five year annualized returns from Post office MIS and top performing mutual fund MIPs, monthly d...
