Monday, February 22, 2010

Reliance MF Revises SIP Provision

With effect from 22 February 2010 

Reliance Mutual Fund has decided to change Scheme Information Document (s), Key Information Memorandum cum Application Form / Micro SIP Form of all schemes of Reliance Mutual Fund where 

Systematic Investment Plan (SIP) is available. The change will be effective from 22 February 2010.

Revised SIP Provision:

Accordingly, an investor shall have the option of choosing for 1 or more than 1 SIP in the same scheme and in the same month. SIP debit dates shall be 2nd, 10th, 18th or 28th. However, more than one SIP for the same date is not allowed. To register multiple SIP in the same scheme/same month, separate ECS/Auto Debit Mandate Forms have to be submitted.