Recently, Reliance Mutual Fund announced to launch India’s first systematic investment plan (SIP) in Gold Savings Fund. Premium of the SIP Gold Savings Fund can be made on the monthly basis.An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of CEO of Reliance Capital Asset Management Sundeep Sikka, “It was the first SIP in gold introduced in the domestic mutual fund industry aimed at helping investors to accumulate the yellow metal in small amounts regularly.”So, the first SIP will be known as the collecting yellow metal in small amounts regularly. The Mutual fund helps investors in accumulating gold with their regular income.Further he said, “We are introducing SIP in Reliance Gold Savings Fund. This is aimed at cultivating a regular savings habit among investors to accumulate...
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