Reliance Mutual Brings Down Minimum Investment Amount For SIP

Reliance Mutual Fund has brought down its minimum investment amount in its Systematic Investment Plan (SIP) to just Rs 100 per month. Reliance Mutual Fund is the first Asset Management Company in the country to offer investment in SIP at such a low value per month. The minimum investment at present for SIPs offered by most fund houses varies from Rs 500 - Rs 1,000. A fund manager said a fixed deposit for a small investor would offer better returns and expose him to less risk. A systematic investment plan helps disciplined, regular investments in equities. With the entry level of SIP at Rs 100 per month, investors would be in a better position to use `rupee cost averaging' as investments spread regularly over a period of time would result in the average cost per unit coming down.