• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Nov.20 Reliance Money, an Anil Dhirubhai Ambani group company, plans to offer portfolio management services for individuals willing to invest Rs 5 lakh onwards, starting next year.

The company wants to reduce the entry barrier to new income groups.

Commonly, PMS are offered to individuals who have an appetite to invest Rs 75 lakh or more, said officials with the company.

“The company, through this scheme, would target emerging new income groups which could range from young professionals to even armed forces officers, who have shown interest in investment”, said Mr Sudip Bandyopadhyay, CEO, Reliance Money.

The commercial launch of this scheme is slated for the first week of January next year, he added. Reliance Money also plans to extend its PMS services to tier-I and tier-II cities.

The company plans to deploy the money according to the risk appetite and age of the client.

The company has also worked out a fee structure, wherein it would not charge any fee for returns of up to eight per cent, a fee of 10 per cent for returns of between 8 per cent and 20 per cent; and a fee of 20 per cent for returns above 20 per cent.

More Stories on : Financial Services | Asset Management Companies | New Products & Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Corporate developments

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line