Beißen Gedanken: MEgaFINANCIAL PLANNERS

20150203

MEgaFINANCIAL PLANNERS

Dear Wealth Creators,

Greetings!!

Reliance Retirement Fund is one of the New Fund Offers which is open for subscription now. Reliance Mutual Fund has launched this open ended ‘Tax Savings’ cum ‘Pension Scheme’ on 22^ndJanuary 2015. The NFO is open from 22^nd Jan to 5^th of February 2015. It will reopen again in the month of March for regular subscription.

This is the first Notified Retirement Fund having Equity oriented scheme. (The fund has received permission from the central govt and has been notified as a pension fund under Section 80C(2)(xiv) of the Income Tax Act.)

Highlights of the Scheme:

· Reliance Retirement Fund has a lock-in period of Five years.

· Exit load of 1% is applicable on redemption (sale of units) before the age of 60 years.

· The fund provides ‘Auto Transfer’ facility wherein investors’ entire investment (Lump sum/SIP) shall be switched automatically from Wealth Creation Plan to Income Generation Plan (with nil exit load) at any date as specified by the investor (which is within or after the lock-in period) or upon completion of 50 years of age.

· Lump sum, Systematic Investment Plan and Step-up modes are available. (Step-up option -A facility wherein an investor who has enrolled for SIP, has an option to increase the amount of the SIP Installment by a fixed amount at pre-defined intervals.)

· Systematic Withdrawal (manual or automatic) option is available to withdraw money during the investor’s retirement phase. (Auto SWP : This optional facility aims to provide a regular inflow of money to investors (monthly/quarterly/annual) by automatic redemption of units on or after 60 years of age.)

· Investments in Reliance Retirement Fund are eligible fortax deductions up-to Rs 1.5 Lakh in a Financial Year, as per Section 80C of the Income Tax Act 1961.

· One interesting feature about this fund is, employers can sign up for this scheme. They can invest in Reliance Retirement Fund systematically by deducting the SIP amount from the employees salary.

· This mutual fund scheme has two plan – Growth & Dividend pay out options. Growth plan has again two sub-plans : i) Growth & ii) Bonus oriented.

· The minimum investment should be,

For Lump sum – Rs 5,000
For Monthly SIPs – Rs 500

We strongly recommend you to invest in the fund with the keeping in the mind as your retirement kitty. This can be one of the best option with a combination of PPF for your retirement. It will boost up the total returns of yours.

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