Plastic money is a popular way of accessing a bank account or a credit account today for withdrawing cash or shopping but what if you could bring the same convenience to your mutual fund portfolio? Presenting Reliance Any Time Money card that combines the benefits of mutual fund investments along with the convenience of a debit card. While traditional Mutual Fund investments offer the potential to earn market-linked returns with benefits of diversification, relatively low cost, liquidity, and professional management, accessibility to investments in these funds, mostly provided through physical redemptions, though high, is not instantaneous. The Reliance Any Time Money Card offers instant accessibility and liquidity to investors of mutual fund . So, now you can have access to your investments day or night. While your investments are earning their returns, they are also available to you all the time at your convenience.
Features of Reliance Anytime Money Card
- Cash withdrawal facility at Visa enabled ATMs and purchase transactions at merchant establishments just like a regular debit card in India.
- Daily Visa enabled ATM cash withdrawal limit of 50% of the balance in the primary scheme account or up to permissible limit determined by the bank or
` 50,000 whichever is lower
- Daily purchases limit of 50% of the balance in the primary scheme account* or
` 100,000 whichever is lower
- Fuel surcharge waiver
- Free SMS and E-mail alerts on every transaction
*Primary scheme account gives you the flexibility to access your funds at all Visa enabled ATMs and merchant establishments across India. Primary scheme account can only be either Reliance Liquid Fund/ Reliance Ultra Short Duration Fund/Reliance Low Duration Fund.
What is Reliance Any Time Money Card?
How does the Reliance Any Time Money card work?
What are the benefits of the Reliance Any Time Money Card?
What types of transactions can I make with my Reliance Any Time Money Card?
Can I just withdraw cash at the ATM or is there more?
What transactions are available at HDFC Bank ATMs?
What can I do with my card at Non-HDFC ATMs?
Are there any limits to withdrawal?
Who can apply for the Reliance Any Time Money card?
What happens if my card is lost or damaged?
Can I block my card if I lose it?
Is it safe to use my card at a merchant?
What will my Reliance Any time Money card look like?
Current schedule of Charges (as on 02nd September 2014)
Applying for the Reliance Any Time Money card
If you are a new investor…
Simply make your investment in Reliance Liquid Fund OR Reliance Ultra Short Duration Fund OR Reliance Low Duration Fund. Make sure you fulfil the KYC requirements.
Apply for the Reliance Any time Money Card.
If you are an existing investor in Reliance Liquid Fund OR Reliance Ultra Short Duration Fund OR Reliance Low Duration Fund)…
Simply apply for the Reliance Any Time Money Card by filling in the application form.
Reliance Anytime Money Card can be linked to the following Reliance Mutual Fund schemes:
Reliance Anytime Money Card “The Card” provides instant access to underlying investments in schemes of Reliance Mutual Fund along with cash withdrawal facility at ATM’s and shopping facility at VISA enabled merchant establishments. The facility of Reliance Any Time Money Card is available only in select schemes of Reliance Mutual Fund. The investors are also requested to read the relevant & applicable terms & conditions for the purposes of availing this facility. In case of dividend, Dividend Distribution Tax (as applicable) will be directly paid by the scheme and no tax is required to be paid by the investor. The NAV of the scheme, pursuant to payment of dividend would fall to the extent of payout and statutory levy, if any. For further details kindly refer the SID of the schemes.
The views constitute only opinions and do not constitute any guidelines or recommendations on any course of action to be followed by the readers. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. Neither the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.