Saturday, July 2, 2016

RELIANCE ANYTIME MONEY CARD (ATM CARD) - Truly Revolutionary with New Features

With new Features that are going to be added to the RELIANCE ANYTIME MONEY CARD (popularly known as RELIANCE ATM CARD), a revolution is on cards with funds expected to pour into Liquid Funds from SB A/c.
Lets get to know these features but before that let us try to understand whether we need Liquid Funds at all.


I have always advocated that EVERY investor regardless of his Financial Stature should mandatorily have a Liquid Fund in his portfolio. This fund could be for his Emergency, for his Day to day expenses, anything that is needed at a short notice.

Why Liquid fund and not a SB A/c?
We have discussed this many times before but still I would like to do so one more time for the new readers that keep pouring into my Blog every day.

There has been and there will always be a gap of 1% in FAVOUR of Liquid Funds.
In fact, majority of Liquid funds have giving returns on par with Fixed Deposits and we all know that FD returns are more than SB A/c returns.

Liquid Funds invest in Very Short Term Market instruments and thus are the least risky and least volatile category of Funds

It is only when you have LARGE amount (like in excess of Rs.1 lakh) that some Banks offer you higher interest (6% or so) where as Liquid Funds irrespective of your investment give you the same return without any bias.

And now, coming to RELIANCE MONEY MANAGER FUND (the ATM facility is however, available for ALL RELIANCE MUTUAL FUNDs), the advantage over Savings Bank Account is that you not only get all the Convenience of a Regular SB A/c but also potential Higher Returns!

Actually RELIANCE MONEY MANAGER FUND and RELIANCE LIQUID FUND is treated as Primary Fund and all the other funds you have invested in Reliance AMC schemes (like say Reliance Pharma Fund, Reliance Growth Fund) will be secondary funds.


Clicking on the reliance mutual website will give you a long lengthy list of features being given but some of the prominent ones which made me personally put my money in RELIANCE MONEY MANAGER FUND are : 

1. Cash withdrawal Facility at any Visa enabled ATMs
2. Purhase Transactions at Merchant Establishments
3. Withdrawal of upto 50% of Balance in Primary Scheme (say, Reliance Money Manager Fund) or Rs.50,000 (whichever is lower)
There is absolutely no charges for using this Card Facility.

HOWEVER LIKE A "SONE PE SUHAGA" Reliance AMC has gone ahead and made some changes and added new ones which has made the RELIANCE ANYTIME MONEY CARD an absolute MUST HAVE in any investors portfolio.

The new features are :

1. The Withdrawal Limit has now been enhanced from Rs.50,000 by 4 times to Rs.2,00,000
Wow! Keeping with the times., eh

2. If the investor is redeeming the money from Reliance Mutual Fund's app SIMPLY SAVE (which is so easy to transact), the investor can redeem upto 95% of his investment with just a click of button on his Mobile!
How more simple can redeeming your funds can get??!!

3. Third and the BIGGEST feature that has been added is that about the Redemption.
Normally, in any Liquid fund, the redemption proceeds get credited to your Account the Next Working Day (T+1).
But, now, Reliance has promised that your Redemption Proceeds from the RELIANCE MONEY MANAGER fund will get credited to your SB A/c within 30 minutes (yes, you read it right, within Thirty minutes)....How fast can it get?

The new Features introduced in Reliance ATM Card has made the product more appealing.
I am no salesman for Reliance Mutual Fund but I am ready to become one simply due to this amazing features that Reliance AMC added.
So, what are you waiting for???
Switch your money laying in the Savings Account to RELIANCE MONEY MANAGER FUND/RELIANCE LIQUID FUND right now and enjoy.

So, in a nutshell, the new features are :

Reliance Mutual fund has introduced instant redemption in flagship fund Reliance money manager fund. Investor will receive credit in their account within 30 Mts of submitting redemption request through Reliance website. It works 365 days and 24x7. Bank should be IMPS enabled.
Maximum amount is 200000/- or 50% of the current value whichever is lower.

Maximum redemption amount is lower of
95% of fund value in Reliance Money Manager OR
Rs.2 lakhs

As usual, you are requested to contact your Financial Advisor before taking any Investment Decision and the Author is not liable for losses arising out of any Transaction taken due to the above article or any material published in this blog. The information shared here is only a point of view and for information purose only. 

Tuesday, June 21, 2016


Since today morning, I am been receiving messages on my many WhatsApp group about Sensex returns.
It goes something like this...

25 yrs ago on this day 21st June 1991, P V Narasimha Rao took oath as Prime Minister along with Manmohan Singh as FM.
Sensex on that day was 1,361 and today is @ 26,800 with a growth of 20 times in 25 years....
This is Indian economy..
Believe in Indian economy invest in Indian Equity.........


Sensex has definitely given good returns but Mutual Funds has given GREAT returns.
Some funds like
a) Reliance Growth Fund has grown 80 times in 20 years (not 25 years)
b) Birla Sunlife Tax Relief 96 Fund has grown 100 times (Dividend reinvested) in 20 years
even a Balanced Fund like BIRLA SUNLIFE BALANCED 95 FUND has grown by 59 times in 21 years....
So, yes. Sensex has grown well but MUTUAL FUNDS HAS GROWN BETTER.....MUCH MUCH BETTER.

Of course, both the Sensex and Mutual Funds did not have a Linear Growth and they will NEVER have.
That's exactly the reason you need to have an Advisor who can handhold you and guide your investment.
Let me take the example of ICICI TECHNOLOGY FUND.

See the accompanying images....
The fund had gone down from NAV of Rs.10 to as low as Rs.2.4 and sure enough, 999 out of 1000 investors would have panicked and would have stopped their Sips and would have exited the fund as soon as it touched Rs.10 to recover their costs.
We have seen innumerable times, that investors are willing to wait on a LOSS investment to get to their COST value and the same would have happened.

But, a Competent Advisor would have ensured that the investor continued his sip and stayed invested.
This would have now resulted in a return of 18.42% CAGR.
Yes. You read it right it 18.42% CAGR....
The NAV is now Rs.41 (compare it with Rs.2.4)
Just shows that if you stay for enough time in your fund, you WILL get your returns.
TIME IS MAXIMUM importance in investment.

Of course, a Competent Advisor, would have in 1st place, would not let you invest in a Sector Fund (without a exit plan)....that of course, is a different topic which we will discuss some other day.

And, please remember these returns are AFTER seeing many many hurdles/crises like
1. Harshad Mehta Scam
2. Asian Currency Crisis
3. Pokhran Nuclear Test
4. Kargil War
5. 9/11 Bombing
6. Tech Bubble
7. Ketan parekh scam
8. BJP loss in 2004
9. Satyam scam
10. Lehman Brothers collapse
and many many more....
 So, friends, please understand Equities is the ONLY asset class which has consistently beaten Inflation and all other asset classes (FD, PPF, Gold) over all periods of time and for you to make money in Equities, the BEST ROUTE IS MUTUAL FUNDS.

So, if you want an exposure in equity, MUTUAL FUNDS is the BEST option

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Monday, May 16, 2016


Message from an elevator:  Just get in...

You are waiting for an elevator to take you from ground floor to the 21st floor. As the elevator door opens, you walk in, along with others. You don't know how many stops the elevator is going to make in its journey. You see others pushing various buttons - you get some idea of how many stops, after you've got in. But then, beyond these "known" stops, there are other stops it makes - to take in people from different floors. Do you ever try to predict how many stops the elevator will make before you reach your destination? Or do you simply wait, in full knowledge that the elevator will get you to your destination? When the elevator door opens, the only message it gives you is, "Just get in, I'll get you to your destination".

Markets give us the same message: Just get in, don't worry about how many stops you'll encounter in the journey, you'll get to your destination. To get to your destination, you need to first get in. And then have patience through the journey and confidence in its outcome.

We don't try to be Nostradamus to predict the number of stops the elevator will make in its journey to our destination. Why then do we try to become Nostradamus with markets?


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