Reliance ELSS SIP changes
April 18th, 2007
Reliance Mutual Fund has announced few changes for its popular Reliance Tax Saver Fund (ELSS). The new terms are actually for the minimum amount per SIP and the SIP duration. The new terms of the scheme will come into effect from April 17, 2007 and are as follows:
A minimum of Rs 500 and in multiples of Rs 500 thereafter for minimum of 12 month.
A minimum of Rs 1,000 a month and in multiples of Rs 500 thereafter for minimum of 6 months.
A minimum of Rs 500 a quarter and in multiples of Rs 500 thereafter for minimum of 12 quarter.
A minimum of Rs 1,500 a quarter and in multiple of Rs 500 thereafter for minimum of 4 quarter.
Entry Filed under: Mutual Funds, Reliance MF, ELSS
2 Comments Add your own
1. Vimal | November 21st, 2007 at 2:30 pm
how to invest in SIP ..?
tell me how much will i get if i invest 1000 pm in SIP for 1 year.?
site an example to calculate all necessary investment calculations .
2. domains | November 27th, 2007 at 6:31 pm
Hi Vimla,
As you may be aware, there is no precise way of calculating future returns considering that the investments in mutual funds are put into equities and equity related or in other investment opportunities by the fund house. SIP is a nice way of having a disciplined way of investing into the markets. Since the investments are through Mutual Funds and that too in SIP mode, the returns should be decent considering the various sectoral stories in India are good. On a conservative scale the returns should be around 15% though bumper returns are not ruled out.
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