Reliance Mutual Fund has introduced an additional new feature in Systematic Investment Plan (SIP) facility. This feature will be applicable for new investor wherein he can start SIP plan without any initial investment.
Under this option investor can submit the application for SIP on any working day and the SIP facility would be started with the minimum gap of 21 working days after submission of the application form. The following installment date for SIP shall be 2nd, 10th, 18th and 28th. If the date of installment falls on non working day then units will be allotted on the following working day.
This feature will come into effect from 11th February, 2009.