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Feb 16, 2011
Now, Kar lo Sona Mutthi mein - Reliance Gold Fund
I don’t really remember, but yes from all these years in my life, I have just seen people going mad for this yellow metal. I mean, I used to insist my parents getting me some real latest gadgets, my mother on the other hand used to coax, “Beta, buy a gold chain instead.” Before any exams round the corner, my grandma used to promise me, “Do well this time, I will get you a gold bracelet.”
Aunties, old aunties and even more old aunties, whenever you find them around, any wedding, any birthday, any occasion, God, they used to drive me crazy showing off, there latest gold ornaments. “Oh, your set is so pretty Mrs.Verma, where did you get it from?” “Oh, look at the bride’s gold jewellery, I think they could have made a better choice, it’s not going with her dress.” The other day, I got to know about a girl’s wedding being called off. The reason, pretty disheartening, the family did not have any money to gift the groom’s family some handsome amount of gold. Isn’t it shameful…………..
Eventually, I realized the value of this yellow metal in our society. Be it any occasion, any new beginning and for that matter, even the beginning of a new relation, it begins with gold…. I have grown witnessing how important, how valuable and how deeply rooted is this precious metal in our minds, in our everyday life. According to a study, Indians bought 700 tonnes of gold last year, which is equivalent to Rs. 1,40,000 crore
Gold has been highly valued in many societies throughout the ages. In keeping with this it has often had a strongly positive symbolic meaning closely connected to the values held in the highest esteem in the society in question. Gold may symbolize power, strength, wealth, warmth, happiness, love, hope, optimism, intelligence, justice, balance, perfection, summer, harvest and the sun.
You might have heard, good things don’t come easy. So closely related to the importance of gold, are the soaring high prices of gold. Do whatever, but to acquire gold is not every man’s cup of tea. Your entire’s life savings may be spent in buying a few grams of gold. Just think your life’s entire savings and just a few grams. How do I gather gold for my daughter’s wedding, to propose the love of my life, to safeguard my future with such strong and valuable investment…………… These are quite a few common questions haunting households for long……. I have got the answer. Buying gold would no longer be a dream…..
Hats off to Reliance Mutual Fund for bringing out an excellent product Reliance Gold Savings Fund with a SYSTEMATIC INVESTMENT PLAN option. Yes, Reliance Gold Savings Fund………. What an idea sir jee…
A completely new concept, this product will create a new avenue for pure gold investments for the retail investor without the need of having a Demat account or a locker. Let’s quickly go through the details of this fund and most sought after question – what’s in store for me?
An open-ended fund scheme from Reliance Mutual Fund, this fund is said to be the first of its fund kind in India in which you can start investing in gold via the SIP route. The NFO is open from February 14, 2011 and closes on February 28, 2011, post which, it will be reopening for regular purchase from March 14, 2011.
Minimum Purchase: The minimum amount that you can start investing at Reliance Gold Fund is Rs. 5000 and in multiples of Re. 1. You can make additional purchase of Rs. 1000 and in multiples of Rs. 1. You can also opt for the SIP option by investing as little as Rs. 100 per month (minimum 60 months), Rs. 500 per month (minimum 12 months), Rs. 1000 per month (minimum 6 months).
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