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Posted on Nov 27, 06:28PM | IBNS
JRG Securities Ltd., one of India's leading financial service providers, has signed distribution agreement with Reliance Money Precious Metals, an Anil Ambani Group company.
JRG Securities Ltd. through its network in southern and western regions of India plans to aggressively distribute Reliance My Gold Plan (RMGP) to its customers.
"This alliance is of immense importance to us and will help the customers maximize benefits on gold," said D.A. Dhananjay, Head of Third Party/Distribution, JRG Securities Ltd.
Elaborating on the plan, Dhananjaya said: "What makes Reliance My Gold Plan a unique one is the Average Pricing Methodology that insulates customers from the daily price fluctuations"
Reliance My Gold Plan (RMGP) enables customers to buy gold for as low as Rs.1000 a month.
It makes possible to accumulate gold in small amounts every day over sustained periods through a Average Pricing Methodology (APM).
This method allocates each monthly Subscription amount into 20 parts thereby protecting investor from the daily price fluctuations.
The customers can get this accumulated gold converted into gold coins or jewellery from designated outlets across the country.