Reliance Mutual Fund has announced the introduction of following new facilities under Reliance Gold Savings Fund:
A) Systematic Transfer Plan (STP)
STP-In: It is a facility wherein unit holders of designated open ended schemes can opt to transfer a fixed amount (capital) or variable amount (capital appreciation) at regular intervals to Reliance Gold Savings Fund. This facility shall now be termed as Reliance Golden Transfer Step for all the STP.
STP-Out: In case of the investor exercises an option of STP – Out from Reliance Gold Savings Fund, the same shall be termed as STP – Out and not Reliance Golden Transfer Step.
B) Reliance Golden Dividend Transfer Plan: Reliance Mutual Fund introduces this facility in Reliance Gold Savings Fund. The features of this facility are as follows:
Unit holders of all the open ended schemes, wherein the scheme offers Dividend Transfer facility in the Dividend Plans with any dividend frequency (except daily & weekly dividend option) can transfer their dividend directly to Reliance Gold Savings Fund.
The dividend declared in the transferor scheme will be automatically invested into Reliance Gold Savings Fund at the applicable NAV and accordingly units will be allotted in Reliance Gold Savings Fund.
C) Trigger: Under this facility the unit holders of the eligible schemes may opt for switch of units to Reliance Gold Savings Fund on happening of any one of the events under the Trigger option as mentioned in the SID of the transferor scheme. This facility shall now be termed as Reliance Golden Trigger for all the units allotted through this option in Reliance Gold Savings Fund. In case if the investor exercises an option wherein a Trigger is applied for withdrawal / switch-out from Reliance Gold Savings Fund the same shall be termed as Trigger and not Reliance Golden Trigger.
Source: http://www.valueresearchonline.com/story/h2_storyView.asp?str=17087
Thanks and Regards,
Sanchari Sinha,
Summer Intern at DENIP Consultants Pvt. Ltd.
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