A1FS Views

Religare PSU Equity Fund – an open ended PSU Sector scheme shortly. The Scheme Information Document has been filed with SEBI and the approval for the same is awaited. A brief note explaining the case for investing in PSU companies is attached herewith for your reference and feedback. The note covers the following:

• Sectoral Composition of BSE PSU index
• Debt equity Ratio
• Valuations
• Performance of PSU companies
• Disinvestment benefit
• Dividends

Proposed Objective of the fund

The objective of the fund shall be to generate capital appreciation by investing in equity and equity related instruments of companies in which the Central Government or one or more state government or Central Government along with one or more state government exercise management control or has powers to appoint majority of directors.

 Suitability

The fund is suitable for investors looking for opportunity to own performing Public Sector Giants and are looking forward to benefiting from long term value unlocking in Public Sector Enterprises.

 Benchmark Index

BSE PSU Index

As per the guidelines issued by Securities and Exchange Board of India under The Prevention of Money Laundering Act, 2002 (“PMLA”) requires Mutual Funds to follow enhanced know your client (KYC) norms. Keeping this in mind as a customer service initiative, CDSL Ventures Limited (CVL) has introduced a service on their website whereby an investor can verify their KYC status.

For this the investors/distributors need to follow the below mentioned steps:

• Step 1: Visit www.cvlindia.com and click on “Inquiry on KYC”,
• Step 2: Enter the PAN number and click on SUBMIT.
• Step 3 (a): If KYC compliant the name of PAN holder appears along with the status of KYC. The investor can take a print out of this and will suffice as document of acknowledgement.
• Step 3 (b): If the PAN number is not KYC compliant then “Invalid Data” will appear.