Reliance Mutual Fund SIP Systematic Investment Plan & Free Insure
Organization : Reliance Mutual Fund
Service Name : Reliance SIP & Free Insure
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Website : reliancemutual.com/investor-services/innovative-products/reliance-sip-insure?rmf_campaign=Target_SIPFreeInsurance
Reliance SIP Insure
Reliance SIP Insure facility is an add on feature of life insurance cover under Group Term Insurance to individual investors opting for SIP in the designated schemes. It helps to encourage individual investors to save & invest regularly through Systematic Investment Plan (SIP) and help achieve their financial objective without any hindrance.
Related : Reliance Mutual E-KYC Registration : www.statusin.in/21275.html
Reliance SIP Insure provides life insurance cover to investors at no extra cost (i.e free of cost). In the unfortunate event of the demise of an investor during the tenure of the SIP, the insurance cover will take care of the unpaid installments.
Reliance SIP Insure- Benefits to the investor:
The benefit of Systematic Investment Plan:
** Inculcates Investment Habit
** Rupee Cost Averaging & Eliminates the need to time the market
Free Life Insurance Cover at no extra cost (Since Insurance premium borne by AMC):
** Free life insurance cover upto 21 lakhs per investor across all schemes / plans and folios
** Helps to complete the planned investments
** Maturity Proceeds at NAV based prices
The benefit of Long Term Equity Investment:
** Equities provide market linked returns over a longer period of time
Choice of different type of schemes to consider various financial goals such as:
** Long term growth potential of equities
** Tax saving benefit through ELSS schemes & Reliance Retirement Fund
** Asset allocation for Retirement Planning through specific dedicated retirement fund
Convenience:
** OTM mandate
** Auto Debit from 16 banks
** ECS facility across – 87 locations
Eligibility:
** All individual investors enrolling for investments via SIP and opting for ‘Reliance SIP Insure’
** Only individual investors whose entry age is 18 years & more and less than 51 years at the time of investment
** In case of multiple holders in the any scheme, only the first unit holder will be eligible for the insurance cover
Investment Details:
** Minimum Investment per installment: Rs.1000 per month & in multiples of Re 1 thereafter. (Except for Reliance Tax Saver (ELSS) Fund where minimum installment is Rs. 1000 p.m. and in multiples of Rs 500 thereafter). There is no upper limit.
** Minimum Period of Contribution: 3 years and in multiples of 1 month thereafter.
** Maximum Period of Contribution: No upper limit for SIP tenure. The investor can opt for Perpetual SIP also. However the insurance cover ceases when the investor attains 55 years of age or upon the completion of the SIP insure tenure whichever is earlier
** Mode of payment of SIP installments is only through OTM, Direct Debit & ECS ( Post Dated Cheques shall not be accepted )
About Us :
Reliance Mutual Fund (RMF) is one of India’s leading mutual funds, with Average Assets Under Management (AAUM) of ` 2,22,964 Crores (April 2017 – June 2017 Quarter Q1) and 70.05 lakhs folios (as on 30th June, 2017).
Reliance Mutual Fund, a part of the Reliance Anil Dhirubhai Ambani (ADA) Group, is one of the fastest growing mutual funds in India. RMF offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 160 cities across the country.