Reliance Mutual Fund has launched a portfolio SIP (PSIP) through which retail investors can invest in various schemes offered by Reliance Mutual Fund. Investors can initiate investment with a minimum amount of Rs 6000 in PSIP. The frequency of this systematic investment facility can be monthly or quarterly.
“Portfolio SIP empowers customers to build diversified portfolio across asset classes in longer period of time with smaller sums of investment at regular intervals," says Sundeep Sikka, CEO,and Reliance Mutual Fund.
PSIP helps investors to determine their risk profile by using a risk profiling questionnaire. Besides these asset allocation based options, investors also have a choice to invest in maximum five schemes using PSIP facility. PSIP can be activated for minimum six months and changes are not allowed in the currency of a PSIP. However investors can stop PSIP at their choice and can redeem units in individual schemes subject to exit load.
