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The money invested by investors in Reliance Mutual Fund is further invested in the equity market or fixed income securities of various sectors and companies to generate a regular income for the investor.
How to Purchase Reliance Mutual Fund
You can purchase the Reliance Mutual fund by enclosing a demand draft or local cheque payable at par at the place where you are submitting the application
Applicable NAV(Net Asset Value)of Reliance Mutual Fund
The closing NAV of the day on which the application is received would be applicable. This stands valid if the application is received before 3 p.m. In case the application is received after 3 p.m., the closing NAV of the next business day would be applicable
Reliance Mutual Fund Scheme Annual Returns
Reliance Mutual Fund has several plans and schemes for different investor groups and the compounded annual returns have demonstrated a decent return percentage upto 40%, though the returns may vary based on the investment plan you have chosen.
Reliance Mutual Fund Dividend Policy
The dividends are distributed for these mutual funds from the surplus amount after the deduction of all applicable taxes and surcharges.
Tax Benefits to the Mutual Fund
Reliance Mutual Fund is as a mutual fund registered with SEBI (Securities and Exchange Board of India) and hence the entire income from the Mutual Fund is exempt from Income Tax in accordance with the provisions of Section 10(23D) of the Income Tax Act, 1961. The Reliance Mutual Fund is one of the most popular and leading mutual fund in the mutual fund sector of India. The Reliance Mutual Fund is owned by Anil Dhirubhai Ambani Group and with respect to net worth it ranks among the top three of all the private financial service providers in India. It is an ISO 9001:2000 certified company, which offers innovative mutual fund products to a wide pool of customers. The Reliance mutual fund products are available in hundred and fifteen cities across India. It is one of the fastest growing mutual fund in India and the main reason of its popularity is that it
has a wide portfolio of products that meets the requirements of each and every type of investors. The Reliance Mutual Fund is headed by Mr. Vikrant Gugnani - the CEO of the company.
Details of Reliance Mutual Fund:
The schemes of Reliance Mutual Fund are being managed by Reliance Capital Asset Management Ltd, which is a subsidiary of Reliance Capital Limited. Reliance Capital Ltd holds 93.37% of the paid-up capital of the Reliance Capital Asset Management Ltd. The value of the cumulative assets that are being managed (also called Assets Under Management (AUM)) amounted to Rs. 80,779 crores, as on Dec 31st 2007. The investor base of Reliance Mutual Fund is over 43.67 lakh.
Different types of mutual fund offered by the Reliance Mutual Fund:
Equity / Growth based products- The main objective of investing in such scheme is to provide capital appreciation over the medium to long- term range. Generally, in such schemes a major portion of the accumulated sum is invested in equities. Debt / Income based products- the main objective of investing in such scheme is to provide regular and steady income to the investors of such funds. Generally, in such schemes a major portion of the accumulated sum is invested in fixed income securities. Sector Specific products - The main objective of investing in such funds is to gain leverage out of the fast growing sectors. Generally, in such schemes all the sum accumulated is invested in securities of a particular type of sector.
Seven P's, to include physical evidence(such as uniforms, facilities, or livery) and process (i.e. the whole customer experience e.g. a visit the Disney World). The term was coined by Neil H. Borden in his article The Concept of the Marketing Mix in 1965.
There are many ways to price a product. Let's have a look at some of them and try to understand the best policy/strategy in various situations. More . . .
Another element of Neil H.Borden's Marketing Mix is Place. Place is also known as channel, distribution, or intermediary. It is the mechanism through which goods and/or
services are moved from the manufacturer/ service provider to the user or consumer. More . . .
For many a product is simply the tangible, phsysical entity that they may be buying or selling. You buy a new car and that's the product - simple! Or maybe not. When you buy a car, is the product more complex than you first thought? The Three Levels of a Product . . . More . . . The Product Life Cycle (PLC) is based upon the biological life cycle. For example, a seed is planted (introduction); it begins to sprout (growth); it shoots out leaves and puts down roots as it becomes an adult (maturity); after a long period as an adult the plant begins to shrink and die out (decline). More . . . The Customer Life Cycle (CLC) has obvious similarities with the Product Life Cycle (PLC). However, CLC focuses upon the creation of and delivery of lifetime value to the customer i.e. looks at the products or services that customers NEED throughout their lives. More . . .
Another one of the 4P's is promotion. This includes all of the tools available to the marketer for 'marketing communication'. As with Neil H.Borden's marketing mix, marketing communications has its own 'promotions mix.' Think of it like a cake mix, the basic ingredients are always the same. However if you vary the amounts of one of the ingredients, the final outcome is different. More . . .
Physical Evidence is the material part of a service. Strictly speaking there are no physical attributes to a service, so a consumer tends to rely on material cues. There are many examples of physical evidence, including some of the following: More . . .
People are the most important element of any service or experience. Services tend to be produced and consumed at the same moment, and aspects of the customer experience are altered to meet the 'individual needs' of the person consuming it. More . . .
Process is another element of the extended marketing mix, or 7P's.There are a number of perceptions of the concept of process within the business and marketing literature. Some see processes as a means to achieve an outcome, for example - to achieve a 30% market share a company implements a marketing planning process.
The 7Ps of the marketing mix can be discussed as: Product - It must provide value to a customer but does not have to be tangible at the same time. Basically, it involves introducing new products or improvising the existing products. Price - Pricing must be competitive and must entail profit. The pricing strategy can comprise discounts, offers and the like. Place - It refers to the place where the customers can buy the product and how the product reaches out to that place. This is done through different channels, like Internet, wholesalers and retailers. Promotion - It includes the various ways of communicating to the customers of what the company has to offer. It is about communicating about the benefits of using a particular product or service rather than just talking about its features. People - People refer to the customers, employees, management and everybody else involved in it. It is essential for everyone to realize that the reputation of the brand that you are involved with is in the people's hands. Process - It refers to the methods and process of providing a service and is hence essential to have a thorough knowledge on whether the services are helpful to the customers, if they are provided in time, if the customers are informed in hand about the services and many such things. Physical (evidence) - It refers to the experience of using a product or service. When a service goes out to the customer, it is essential that you help him see what he is buying or not. For example- brochures, pamphlets etc serve this purpose.