We often here so much of jargon when it comes to investing, particularly in mutual funds, that we just do not want to listen to anymore.
But, the Reliance Mutual Fund SteP is something that you should listen to. Let's start by explaining something very simple. How do you make money in stocks. The one and only one way to make money in stocks is to buy high and sell low or vice versa.
How the Reliance Mutual Fund SteP works?
First you need to invest a lumpsum amount in one of the listed chosen schemes of Reliance Mutual Fund like Liquid or the Ultra short Term Funds, etc) and systematically transfer a variable amount into another chosen scheme (like equity scheme) depending on the market conditions.
When the markets are falling a higher amount would be transferred and when the markets gaining a lesser amount. What this does is it tries to take advantage of the market conditions to generate maximum returns for investors.
Among the various funds from Reliance Mutual Fund that are eligible for SteP include: Reliance Liquidity Fund, Reliance Liquid Fund Treasury Plan, Reliance Liquid Fund Cash plan, Reliance Money Manager Fund etc. The list is rather exhaustive and one can visit the company's website to get further details on the various schemes included in the programme.
Reliance Mutual Fund is among the reputed mutual funds in the country. It has some top-notch schemes under its portfolio and some of its funds are rated very highly.
The Fund has a very strong pedigree and over the years has also been known to provide a robust network. Along with that also has come returns that have beaten benchmark indices for many years now.
Why Reliance Mutual Fund is a little Different?
Some of the features of Reliance Mutual Fund is a little different. Apart from the SteP Mentioned above the fund also has an SIP insure. Under the SIP Insure the scheme gives you a free life insurance cover. All you have to do is invest in designated SIP schemes to avail the insurance coverage along with the benefits that a Systematic Investment plan Brings. Several Schemes like the Reliance Growth Fund, Reliance Vision Fund, Reliance Equity Opportunities Fund offer the SIP.
Reliance Mutual Fund Daily NAV allows you to view the performance, while the Reliance Mutual Fund login and the toll free number helps further ease customer worries. One can call the Reliance Mutual Fund Customer Care Toll Free Number for further assistance as regards its products.
Even as we write this we wish to inform readers that mutual fund schemes are subject to market risk and may not be as safe as bank fixed deposits, unless they are debt dedicated scheme with substantial exposure to government securities. You should seek professional help before investing in mutual funds.