33Reliance launched new fund offer Reliance Retirement Fund-2015, an open ended notified tax savings cum pension scheme with no assured returns. The NFO Opens for subscription on 22th January 2015  & closes on 5th February 2015.  No entry load will be applicable for the scheme.  

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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature 

Scheme NameReliance Retirement Fund-Jan2015
Fund HouseReliance Retirement Fund-Jan2015
TypeOpen ended notified tax savings cum pension scheme
BenchMarkWealth creation scheme:S&P BSE 100 Index Income generation scheme: Crisil MIP Blended Index
Minimum Application amountLump sum: Rs.5,000 & in multiples Rs.500 thereafter. Monthly SIP:Rs.500 & in multiples of Rs.500 thereafter for minimum of 12 months. Quarterly SIP:Rs.1,500 & in multiples of Rs.500 thereafter for minimum 4 quarters. Annual SIP:Rs.5000 & in multiples of Rs.500 thereafter for minimum 2 years. Additional Minimum Application Amount(Lump sum):Rs.1000 & in multiples of Rs.500 thereafter.
Fund managerSanjay Parekh(Equity),Anju Chajjer(Debt),Jahnavee Shah(Oversease Investments)
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Scheme NameReliance Retirement Fund-Jan 2015
NFO Open22 Jan 2015
NFO Close5 Feb 2015
Asset Allocation Wealth Creation Scheme: Diversified Equities & Equity Related Securities:65%-100% Debt & Money Market Securities:0%-35% Income Generation Scheme: Diversified Equities & Equity Related Securities:5%-30% Debt & Money Market Securities:70%-95%
Plan OptionsGrowth Plan: Growth Option & Bonus Option Dividend Plan:Dividend Payout Option Direct Plan-Growth Plan: Growth Option & Bonus Option Direct Plan-Dividend Plan:Dividend Payout Option
Minimum Application AmountOffer for sale of units at Rs.10 per unit during the new fund offer period and continuous offer for units at NAV based prices.
Minimum Amount For Auto SWPMonthly Frequency:Rs.500 and in multiples of Rs.500 thereafter. Quarterly Frequency:Rs.1500 and in multiples of Rs.500 thereafter. Annual Frequency:Rs.5000 and in multiples of Rs.500 thereafter.

Cheque Details  : “Reliance Retirement Fund- 2015.”

Who can Invest

This product is suitable for investors:

  • Adult Resident Indian Individuals,either single or jointly(not exceeding three).
  • Non-resident Indians and persons of Indian origin residing abroad on a full repatriation basis.
  • Parents/Lawful guardians on behalf of Minors.
  • The fund reserves the right to include/exclude new/existing categories of investors to invest in the schemes subject to SEBI regulations and other prevailing statutory regulations if any.Currently individuals qualify for tax benefits U/S 80C of Income Tax Act,1961.


[wptabtitle] Objective[/wptabtitle] [wptabcontent]::Investment Objective::

  • To provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity,equity related instruments and fixed income securities.However there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


[wptabtitle] Solutions [/wptabtitle] [wptabcontent]

Fund Provides one Stop Retirement Solutions :

  • Take advantage of Equity Oriented Scheme with an aim create long term wealth for post retirement.
  • Liquidity & Flexibility:Withdrawal option after 5-year lock-in.
  • Option to construct investment allocation between Equity/Debt,as per risk/return profile.
  • Offering tax deductions for investments upto Rs.1.5 Lakhs u/s clause(xiv) of sub-section(2)of section 80C of Income Tax act.1961.
  • Auto withdrawal through auto-SWP facility-Regular pension through automatic redumption of units,on or after 60 years of age.
  • Step up facility -Option to increase investments systematically across life-cycle.



[wptabtitle]Why Pertinent[/wptabtitle] [wptabcontent]

Why Retirement Planning Is Pertinent :

A 30-30 rule of thumb says an individual earns for 30 years,to provide for 30 years of post-retirement life where the individuals income would have stopped,Yet the need to maintain similar life style exists:

  • An expense of Rs.1 lakh would be nearly 7 times more in 30 years due to inflation,assuming inflation rate of 7%.
  • Indian demographics depicts trends of_1)Higher life expectancy.2)Increasing trend of nuclear family.3)Absence of comprehensive social security system.
  • yet,Retirement  funds account for only 12% of one’s total savings.
  • Also 78% of  Indians don’t save enough for a comfortable retirement.
  • Need for retirement Planning:1)Pay Cheques stop coming.2)Break up of joint family system.3)Absence of universal social security system.4)Inflation-the silent devil.5)60 is not old anymore.

  Hence it is important to save and accumulate prudently for Enjoying your post retirement life.



[wptabtitle]Why save[/wptabtitle][wptabcontent]

Why important to save :      22

  • Perils of Inflation-The Silent Devil-Inflation not only reduces the current purchasing power but also increases the savings requirement for future.
  • Value of Rs.1 Lakh over a period of time due to inflation.  
    Inflation Rate5 Years10 Years15 Years20 Years25 Years30 Years

Bottom line:The current expense will go up by approximately 7 times over next 30 years. 

  •  It is not only important to Save but Invest.
  • Different investment options give different rate of returns depending upon the risk return characteristics.Thus,small difference in rate of return results in a huge difference in the resultant earnings.
  • Retirement corpus with a Monthly SIP of Rs.5000.  
    Assumed rate of returnNo of year of retirement: 51015202530
    (8% rate diffrential (15%-7% leads to extra earnings of) 84,908(8% rate diffrential (15%-7% leads to extra earnings of) 5,10,661(8% rate diffrential (15%-7% leads to extra earnings of) 17,57,722(8% rate diffrential (15%-7% leads to extra earnings of) 48,81,564(8% rate diffrential (15%-7% leads to extra earnings of) 1,21,67,290(8% rate diffrential (15%-7% leads to extra earnings of) 2,85.16,543


[wptabtitle] Steps [/wptabtitle] [wptabcontent]

  1. To save prudently,Reliance Retirement Fund offers to flexibility to choose asset class,depending on the actual requirement.
  2. To accumulate a healthy retirement corpus,Reliance Retirement Fund offers an option to increase SIP through STEP UP facility in the underlying schemes.(Wealth Creation and Income Generation Scheme)
  3. A STEP UP facility where in an investor who has enrolled for SIP,has an option to increase the amount of SIP installment by fixed amount at pre-defined intervals.This will enhance the flexibility of the investor to invest higher amounts to tenure of the SIP,thus aligning an increase in investor’s earnings with the SIP installment over the tenure of SIP.
  4. Auto transfer facility from Wealth Creation Plan to Income Generation Plan.
  5. To enjoy post retirement life Reliance Retirement Fund offers Auto SWP facility and other Liquidity Benefits.


[wptabtitle] Download Docs [/wptabtitle] [wptabcontent]

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