MFIs/MFDs/RIAs are hereby informed that RELIANCE MUTUAL FUND confirm us to enable SIP facility for all the open-ended schemes as per the minimum investment amount range and requirement of minimum installment numbers with immediate effect on BSE StAR MF Platform.
The details of schemes are attached in Annexure.
The SIP/XSIP/ISIP investment amount range and requirement of minimum installment numbers for the schemes are as below:
|
SIP FREQUENCY
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SIP INVESTMENT AMOUNT RANGE
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MINIMUM NUMBER OF INSTALLMENT
|
|
MONTHLY
|
RS. 100 TO RS.499
|
60
|
|
RS. 500 TO RS.999
|
12
|
|
RS. 1000 TO ANY AMOUNT
|
6
|
|
QUARTERLY
|
RS. 500 TO RS.1499
|
12
|
|
RS. 1500 TO ANY AMOUNT
|
4
|
MFIs/MFDs/RIAs are also hereby informed that, as confirm by Reliance AMC if SIP/XSIP's gets registered on BSE star MF platform as per the schemes provided in annexure for Monthly and Quarterly frequency between above investment amount range then minimum installment numbers should be selected by members as provided in above table to avoid rejections from AMC end.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds |