Timing the market is almost impossible for any investors. We, at Reliance Mutual Fund, understand this dilemma and have prepared the model – Reliance Smart STeP, an investment tool with an aim to helps you to “invest more when the stock market is positioned at lower levels and less when stock market is at higher levels.
Reliance Smart STeP
Reliance Smart STeP lets you invest a lumpsum amount in a chosen scheme (like liquid, Ultra short term funds, etc) and systematically transfer a variable amount into another chosen scheme (like equity scheme) depending on the market conditions. A higher amount would get transferred when markets are relatively low and a lower amount would get transferred when markets are relatively high. Thus, this would be a smarter way of investing into the equity schemes than investing a fixed amount at a regular frequency, regardless of the market conditions.
What is Reliance Smart STeP?
How does Reliance Smart STeP work?
What will I need to do?
What options do I have in Smart STeP?
Can you explain the process of Smart STeP step-by-step?
What schemes are eligible for Smart STeP?
What is the load structure of these schemes?
Not Applicable (Transferor (Liquid/Debt) Scheme and Transferee (Equity) Scheme
Transferor Scheme - As applicable in the respective scheme.
Transferee Scheme - As applicable in the respective scheme.
Minimum Investment Amount in Transferor (Liquid/ Debt) Scheme:
For new investors
Lumpsum Investment – As applicable in respective Scheme
Systematic Investment Plan (SIP) - As applicable in respective Scheme. SIP Facility is presently available in Reliance Floating Rate Fund, Reliance Liquid Fund , Reliance Prime Debt Fund, Reliance Gilt Securities Fund, Reliance Hybrid Bond Fund, Reliance Income Fund and Reliance Credit Risk Fund and Reliance Low Duration Fund.
For existing investors - Existing investors have to maintain the minimum investment amount (as applicable in the respective SID) to keep the account in operation. Existing investors have to maintain below mentioned minimum balance for starting Reliance Smart STeP.
Minimum Balance Amount in Transferor (Liquid/Debt) Scheme for starting Reliance Smart STeP
Investors shall have to maintain below mentioned minimum balance in a particular option of the transferor scheme. In case of insufficient balance in the account / folio, the application for Reliance SMART STeP shall be rejected.
a. For new investors
Non-Liquid scheme: Rs. 10,000/- or the minimum amount as stated in the Scheme Information Document of the respective transferor scheme, whichever is higher.
Liquid scheme (Except Reliance Liquid Fund) : Rs. 25,000/- or the minimum amount as stated in the Scheme Information Document of the respective transferor scheme, whichever is higher. No minimum balance shall be required for Reliance Liquid Fund to start investing via Reliance Smart STeP.
b. For existing investors
Non-Liquid scheme: Rs. 10,000/-
Liquid scheme (Except Reliance Liquid Fund) : Rs. 25,000/. No minimum balance shall be required for Reliance Liquid Fund to start investing via Reliance SMART STEP.
Minimum Tenure of Investment in Transferor (Liquid/Debt) Scheme: For lumpsum investment is not applicable. For SIP,minimum tenure is as applicable in the respective scheme.Tenure of Investment under Reliance Smart STeP: Minimum tenure is 1 year & in multiples of 1 year thereafter. There is no maximum tenure of investment under Reliance Smart STeP.
Reliance Smart STeP is a special feature available under selected schemes of Reliance Mutual Fund with an aim to help to invest more when the stock market is positioned at lower levels and less when stock market is at higher levels subject to such limits, operating guidelines, terms and conditions. Investors are requested to refer to the Scheme Information Document (SID), Statement of Additional Information (SAI), Key Information Memorandum (KIM) cum Application Form for further details.
The information herein above is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision.
None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.