Mutual Funds are a type of investment done by people for securing the future. In easy words, it can be explained as a pool of money contributed by a number of people and by other investors to invest in stocks, bonds, and other financial assets. This is managed by a professional fund manager.
Reliance mutual funds are among the most reputed mutual funds in India. On June 30, 1995, it registered with SEBI (Security and exchange board of India) and its registration number is MF/022/95/1. Since then it is strongly performing in India. It has grown and now RMF is available in 160 cities within India. It offers five types of funds – Debt funds, Equity funds, Liquid funds, Retirement funds, and Gold funds. The mutual fund offers more than 200 schemes. The investors can choose from more than 800 scheme options.
Benefits of investing in reliance mutual fund
- It has more than 160 branches in India so it provides a better distribution network all over the country.
- It is one of the oldest mutual funds company in the mutual fund industry.
- It has an experience of more than 20 years. They know how to manage market ups and downs.
- It provides excellent customer service.
- It provides tax benefits on a wide range of investments.
How to invest
Investing in a mutual fund can be tough. If you are someone who has just decided to invest in the mutual funds, making the right investment decision can be daunting to you. For a simple investment process, you can invest in Reliance mutual fund with Mobikwik.
There are a few documents required before investing in Reliance Mutual funds.
- KYC(Know Your Customer) verification
It is mandatory to have KYC verification before investing in a mutual fund. It enables to know that the investment/ deposits are made by a real person and not by any fictitious one.
- ID Proofs
PAN card, Passport, Aadhar, Voter ID or driving license and other documents approved by the central government such as NREGA cards can be used as ID proofs for investing in mutual funds.
- Residential Proof
The same ID proof except for the PAN card can be submitted as residential proof if the address on it is your current address. Electricity bill, lease or rental agreement, and ration card can also be used as address proof.
Top 5 Reliance Mutual Fund
|Investment Name||Category||Benefit in 1yr||Benefit in 3yr||Benefit in 5yr||Benefit in 10yr|
|Reliance annual interval series (institutional plan)||Debt Fund||0.64||7.47||7.89|
|Reliance annual interval series (Retail)||Debt fund||6.64||7.47||7.89||7.97|
|Reliance Arbitrage Fund||Arbitrage Fund||6.24||6.26||7.38|
|Reliance Banking and PSU Debt Fund||____||4.93||7.52||_||_|
|Reliance Banking Fund||Sectorial/ Thematic||8.64||13.67||17.09||16.64|
From the above table, you can see how you will be benefited by investing in reliance mutual fund in different tenures. It is one of the trusted company in India where the investment risk is low.