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Posted on Oct 14, 08:30PM | IANS
In a bid to tap new entrants and middle-income investors, Reliance Capital Asset Management Sunday announced a new systematic investment plan to suit an individual's risk profile.
Titled Portfolio SIP, this mutual fund scheme will go through the customer's risk profile and invest accordingly in the available instruments.
"We call it a first-of-its-kind comprehensive investment facility," Himanshu Vyapak, deputy chief executive of Reliance Capital Asset Management, a part of the Anil Ambani Group, told IANS here.
"Retail customers will have options to invest systematically across equity, debt and gold asset classes. The exit load (commission charged on leaving a fund) will be as per the scheme so that investors will not have any post-withdrawal burden," Vyapak said.
The scheme will be available online in the next three months.