Reliance Mututal Fund launches Reliance SIP Insure

Ahmedabad, Jul 22 (UNI) Reliance Capital Asset Management has announced the launch of Reliance SIP Insure, an investment option with free life insurance cover.

Speaking to mediapersons, Company chief executive officer Vikrant Gugani said with the conventional investment options drying out, a Systematic Investment Plan will encourage individual investors to save and invest regularly.

The added free life insurance cover would ensure that all planned investments are completed, even in case of demise of an investor, thus fulfilling the investor's financial planning and objective of investing through SIP.

The facility is currently provided in 13 select equity schemes of Reliance Mutual Fund.

He said in the medium and long-term, Mutual Funds have the potential to provide a higher return, as they invest in diversified basket of selected securities. The Systematic investing on the other hand is valuable for investors, who prefer to get their investments going, but don't have a large sum of money to invest, he said.

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