Reliance Mutual open to silver, platinum funds
February 16th, 2011 - 8:30 pm ICT by IANSChennai, Feb 16 (IANS) After launching a gold savings fund, Reliance Mutual Fund, part of the Anil Dhirubhai Ambani Group (ADAG), Wednesday said it was open to launching platinum and silver focused schemes if permitted by the market regulator.Launching the gold savings fund here, Reliance Capital Asset Management Ltd’s chief executive officer Sundeep Sikka said: “Presently, SEBI (Securities and Exchange Board of India) does not permit such investment schemes. When an opportunity comes, we would certainly explore that.”
Speaking of the gold savings fund, he said that investors can invest even Rs.100 per month and a demat account was not necessary.
According to him, subscription for the fund opened Feb 14 and would close Feb 28 and investors can avail of long term tax benefits from the first year itself. The scheme comes with growth and dividend plans.
- Reliance Mutual Fund launches gold savings fund - Feb 09, 2011
- Reliance Commercial Finance launches loan against gold units - May 09, 2011
- Reliance gold fund attracts 200,000 applications - Mar 09, 2011
- Reliance Mutual Fund launches small cap fund - Aug 25, 2010
- Reliance Mutual bets big on retail investors - Oct 02, 2011
- Reliance Mutual looking for foreign partners to go global - Oct 02, 2011
- Reliance Mutual ranks No.1 in profitability - Oct 04, 2011
- Indian mutual funds welcome nod for foreign investors - Feb 28, 2011
- FII investment cap in infrastructure raised - Feb 28, 2011
- Reliance launches 'Any Time Money' card - Dec 14, 2011
- Foreign Direct Investment in India to be more user friendly - Feb 28, 2011
- 'Qualified foreign investors can directly invest in equity markets' - Jan 01, 2012
- No watchdog ban on accessing capital markets: Anil Ambani - Jan 16, 2011
- India allows foreigners to invest in domestic mutual funds - Aug 09, 2011
- Small investors should not directly trade in equities: SEBI - May 19, 2012
Tags: anil dhirubhai ambani group, asset management ltd, capital asset management, chief executive officer, demat account, dividend plans, exchange board, feb 14, gold, investment schemes, investors, market regulator, platinum funds, reliance capital, reliance mutual fund, securities and exchange, securities and exchange board of india, silver platinum