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Wednesday, February 11, 2009

Reliance announces change in SIP registration process for new investors

With effect from 11 February 2009

Reliance Mutual Fund has announced the change in the Systematic Investment Plan (SIP) registration process for the new investors, with effect from 11 February 2009.

It has been decided to introduce an additional feature to the new investors of Reliance Mutual Fund wherein investors can start an SIP directly without any initial investment. In this option the investors can submit the application for SIP on any working day but the subsequent installment date of SIP shall be 2nd/ 10th / 18th /28th with a minimum gap of at least 21 working days between the submission of application form and the 1st SIP as may be specified by RCAM from time to time. The subsequent installments should have a gap of atleast a month or a quarter depending upon the frequency chosen. If the date of the installments is a non-working day for the scheme, then the units shall be allotment on the next working day.

The said feature shall be made available in all the schemes where SIP facility is available as per the offer document / scheme information document / addendum of Reliance Mutual Fund.

All the other terms and conditions mentioned is remain unchanged.

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