Reliance MF Decides to Modify Features Under its Schemes

Change in Exit Load clause for Reliance SIP Insure:

There will be an exit load of 2%, if the accumulated units acquired or allotted under Reliance SIP Insure are redeemed or switched out before the maturity of committed SIP Insure tenure or before completion of 55 years of age whichever is earlier as opted in the respective scheme either by the SIP Insure unit holder or by the nominee, as the case may be. 

Change in Exit Load for Reliance Floating Rate Fund - Short Term Plan

The exit load charge will be 0.25%, if unit are redeemed within 3 months from the date of allotment and Nil, thereafter.

Introduction of Reliance Smart Step Feature:

Reliance Small Cap Fund, Reliance Index Fund - Nifty Plan and Reliance Index Fund-Sensex Plan shall be added in the list of Eligible Transferee (Equity) Schemes in Reliance Smart Step feature which is available in all the open ended debt schemes (except Interval Funds).

Introduction of Reliance Salary Advantage facility in the following schemes:

 Reliance Salary Advantage is being introduced in Reliance Money Manager Fund, Reliance Short Term Fund, Reliance Gilt Securities Fund, Reliance Liquidity Fund, Reliance Liquid Fund - Cash Plan, Reliance Index Fund - Nifty Plan, Reliance Index Fund - Sensex Plan, Reliance Small Cap Fund, Reliance Infrastructure Fund, Reliance Arbitrage Advantage Fund, Reliance Natural Resources Fund and Reliance Long Term Equity Fund.

The above changes will be effective from 10 October 2011.

Source: http://www.adityabirlamoney.com/MktNews/NewsDetails.aspx?srno=509465&secid=10&subsecid=22,24