Rel MF looks to offer more schemes on stock exchanges
Reliance Mutual Fund (RMF), part of Anil Dhirubhai Ambani Group, has said it will look at offering more plans and schemes on the recently launched MF trading platform of stock exchanges. - MF industry turns less profitable - RIL"s bonus shares to trade on bourses from tomorrow - HDFC"s AUM crosses Rs 1 lakh cr - Invest in fewer schemes - Lagging behind in performance - StanChart IDR in March-April The company has joined the new trading platforms on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). "RMF will look at offering more schemes and plans on both the platforms in the future," fund house said in a statement on Monday. Currently, about 13 schemes and 52 RMF plans would be allowed for orders of purchase and redemption on BSE STAR MF and NSE Mutual Fund Service System, the two trading platforms of the two exchanges. "The two platforms will help our investors reduce their administrative task as this will be taken care of by our exchanges," Reliance Capital Asset Management Chief Executive Officer Sundeep Sikka said. RMF schemes are managed by Reliance Capital Asset Management, a subsidiary of Reliance Capital. The new platforms will enable investors to buy and sell mutual fund products through over two lakh trading terminals of stock exchanges in the same way equity shares are traded through brokers. In the initial phase, NSE will waive all charges for trading on the new platform to attract investors.Next day loans commented:
Good news for investors. RIL is a brand, the company we trust. Thank for the updated post.
30.09.2011
12 month loan commented:
RWl MF is offering so many good offers to investors, so that they can attract more and more investors.
30.11.2011
Quick Quid commented:
Such new schemes can help the market to take a up move . The situation really demands so and if such things is done then it will be awesome.
05.12.2011
how to trade in forex commented:
This is very true that the two platforms will help our investors reduce their administrative task as this will be taken care of by our exchanges.
09.12.2011
Goa Escorts commented:
Tips are good and useful but must be followed with care I think.Thanks for such post.
11.12.2011
same day loans commented:
Offering of such more scheme is the way to attract investors and money.I wish them luck for that.
23.12.2011
Family Offices Singapore commented:
I found your post an updated one as it has got very useful content.Such new schemes can be very useful.You have shared a good and informative post.Thanks for sharing.
15.02.2012
Property Investment Australia commented:
Investing in Reliance is always good and now theres some nice news for the traders who invest in the reliance stocks.It should attract more customer so that they can also make the good profit.
20.02.2012
Payday Advance commented:
Reliance mutual fund is providing more schemes and plans of their mutual funds on different trading platforms of stock exchange
23.02.2012