Reliance Mutual Fund/Reliance Nippon Life Asset Management Limited (“RNAM”) has decided to introduce following changes in the eligible schemes of RMF as mentioned in the Scheme Information Documents (“SID”)/Key Information Memorandum (“KIM”).
RELIANCE MUTUAL FUND, NOTICE NO. 56
Notice is hereby given that Reliance Mutual Fund (“RMF”)/Reliance Nippon Life Asset Management Limited (“RNAM”) has decided to introduce following changes in the eligible schemes of RMF as mentioned in the Scheme Information Documents (“SID”)/Key Information Memorandum (“KIM”)
• Change in Reliance SIP Insure Nomination facility w.e.f. July 16, 2018 :
|Nomination to be mandatory with
the following fields as mandatory$;
1. Name of the Nominee.
2. Nominee Date of Birth
(Guardian details if the nominee
3. Relationship with investor
(Mandatory for all nominees).
4. Allocation Ratio$The AMC reserves the right to reject
the application if the nomination
details are not provided
|Nomination be mandatory$ with the following fields
1. Name of the Nominee
Following information will be optional at the time of investment, but will be mandatory at the time of claim settlement.
1. Nominee Date of Birth (Guardian details if the nominee is minor)
2. Relationship with investor (Mandatory for all
3. Allocation Ratio
$The AMC reserves the right to reject the application if the nomination details are not provided
The above modification shall be applicable only for the SIP Insure registration made on or after July 16, 2018. In case the investor is not registered under revised Reliance SIP Insure facility the old provision shall be applicable to them.
All other provisions of Reliance SIP Insure facility shall remain unchanged.
Free life insurance cover provided as a part of an add on feature called as ‘Reliance SIP Insure’ is arranged and funded by Reliance Nippon Life Asset Management Limited through “Reliance Group Term Assurance Plus” (UIN 121N104V01) of Reliance Nippon Life Insurance Company
Limited (IRDAI Reg. No. 121). On exercising an option to become a member of insurance scheme, the death benefi ts (subject to the terms and conditions of the insurance, read along with the Certificate of Insurance, of the Group Term Assurance Plus Policy), shall be paid/ credited directly to investor’s nominee by Reliance Nippon Life Insurance Company Limited.
The investor is advised to refer to detailed sales brochure of Reliance Group Term Assurance Plus before deciding to opt for insurance cover. Please refer to http://www.reliancenipponlife.
com/ for more details. There is no compulsion whatsoever that this insurance cover has to be taken together with SIP. SIP is also available without insurance cover
• Transactions through Electronic platform of Karvy Computershare Private Limited with effect from July 13, 2018.
Investors will be allowed to transact in the schemes of Reliance Mutual Fund (RMF) through the Electronic platform of Karvy Computershare Private Limited (Karvy), Registrar and Transfer Agent of RMF, i.e. website www.karvymfs.com and mobile application ‘KTRACK’ (or any other
name as specified from time to time). Consequent to this, the said website and mobile application shall be declared to be an “official
point of acceptance” for applications for subscriptions, redemptions, switches and other facilities. The Uniform Cut -off time as prescribed by SEBI and as mentioned in the Scheme Information Documents of respective schemes shall be applicable for applications received on the website / mobile application. However, investors should note that transactions on the website / mobile application shall be subject to the eligibility of the investors, any terms & conditions as stipulated by Karvy / Reliance Mutual Fund / Reliance Nippon Life Asset Management Limited., from time to time and any law for the time being in force.
The above facility shall be available for all the schemes of RMF except Exchange Traded Funds. This addendum forms an integral part of the Scheme Information Document(s) /Key Information Memorandum(s) of the respective Scheme(s) read with the Addenda issued from time to time.
All the other terms and conditions of the aforesaid documents read with the addenda will remain unchanged.
For RELIANCE NIPPON LIFE ASSET MANAGEMENT LIMITED
(Asset Management Company for RELIANCE MUTUAL FUND)
July 12, 2018
Source- Financial Express, Google.
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