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Reliance Money - Reliance Mutual Fund

Welcome to Reliance Mutual Fund

Just as drops of water make an ocean, small but regular investments can go a long way in building wealth over time. This way you grow step by step. Its always prudent to invest with a long term horizon in mind. Small but regular investmets go a long way in creating wealth over time. Reliance Systematic Plan helps you achive jus that. It is an investment technique wher you deposit a little as Rs. 500/- regularly every month into the mutual fund scheme.

Rupee cost Averaging

Say you have opted for Reliance Systematic Investment Plan, investing Rs. 500/- per month from April 2004 to September 2004 in a diversified equity fund. Now check the average purchase cost per unit of your investments. It would be lower than the average NAV of your investment over 6 months. To see how your average purchase cost per unit is lower than the average NAV see the table.

Date	NAV (RS.)	Units	Amount (RS.)
12/4/04	80.52	6.21	500.00
10/5/04	81.49	6.14	500.00
10/6104	71.87	6.96	500.00
12/7/04	72.64	6.88	500.00
10/8/04	81.74	6.12	500.00
10/9/04	87.49	5.71	500.00
	475.75	38.02	3000.00
Average Cost			78.91
Average Price			79.29