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Objective : Reliance Monthly Income Plan seeks to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.
Structure : Open-ended Liquid Scheme
Inception Date : December 04, 2001
Plans and Options under the Plan :
Growth, Dividend
Face Value (Rs/Unit): Rs. 10
Minimum Investment :
Monthly Dividend Plan: 25,000; Quarterly Dividend Plan: Rs.10,000; Growth Plan : Rs.10,000.
Entry Load : Nil.
Exit Load : For Subscriptions upto Rs. 25 lacs:
If redeemed within 3 months: 0.75%
If redeemed after 3 months but before 6 months: 0.60%
If redeemed after 6 months but before 9 months: 0.50%
If redeemed after 9 months but before 12 months: 0.25%
For Subscriptions more than Rs. 25 lacs, If redeemed within 7 working days from the date of allotment of units: 0.10%
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