With reference to our Notice No. 20181217-5, MFIs/MFDs/RIAs are hereby informed that RELIANCE OVERNIGHT FUND scheme is Re-open for ongoing subscription and redemption alongwith SIP facility with immediate effect on BSE StAR MF Platform.
The details of schemes are attached in Annexure.
The SIP/XSIP invesmtent amount range and requirement of minimum installment numbers for the schemes are as below:
|
SIP FREQUENCY
|
SIP INVESTMENT AMOUNT RANGE
|
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 under RELIANCE OVERNIGHT FUND for Monthly and Quarterly frequency between above invesmtent 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 |