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Reliance MF SIPs cross 1 million mark
Reliance Mutual Fund, the nation's leading mutual fund in terms of assets
under management, on Thursday claimed to have crossed the one-million mark
in sales of their systematic investment plans (SIPs).

"This is the first time for any mutual fund in India to have crossed this
milestone in such a short span of time," said Vikrant Gugnani, CEO, Reliance
Capital Asset Management Ltd.

Citing the reasons, he said, "Customers' need-based flexible investment
offerings and quality service have helped us win customer confidence across
the country. Systematic investment plans are simple and easy even for aam
aadmi as one can start with a small amount as low as Rs 100 per month. SIPs
are helping in getting first-time investors in the market and growing the
overall reach of mutual funds."

Recently, Reliance Mutual Fund launched an enhanced version of the existing
SIP – SIP + Insure, which gives investors insurance cover up to 360 times of
the monthly investment. This added benefit is given to the investor at no
extra cost.


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