Reliance Mutual introduces SWP facility

Reliance Mutual Fund has introduced the SWP facility under its two schemes.

These are the Reliance Money Manager Fund-Retail and Institutional Plan and Reliance Liquid Fund-Treasury Plan-Institutional Plan, effective from 28th November 2011.

Accordingly, the minimum withdrawal amount will be Rs.500 and in multiples of Rs.100 thereafter.

All SWP transactions would be reported on either of the 1st, 8th, 15th, 22nd transaction day of the respective month/quarter. Furthermore, this facility is available for all sub options except for daily dividend option.