Reliance Capital Asset Management (RCAM), part of Reliance Capital, today launched portfolio SIP (Systematic Investment Plan). Portfolio SIP is will provide an opportunity for retail investors to invest systematically in multiple schemes of Reliance Mutual Fund.
Portfolio SIP is very similar to a regular SIP - it involves an ECS mandate, and can invest in multiple schemes in one go. However, the distinction is that Portfolio SIP allows investors to construct an asset proportioned set of holdings that they can invest as a single portfolio.
Investors can choose and invest in a set of Reliance Mutual Fund schemes at their convenient frequency (monthly or quarterly), across all the asset classes – equity, debt or gold.
“Portfolio SIP helps customers to build diversified portfolio across asset classes in longer period of time with smaller sums of investment at regular intervals. Through this mode, investors can enter into disciplined approach which not only eliminates the risk of timing the market but also reduces the risk of market volatility and at the same time leverage the benefit of investing in multiple schemes with single payment,” said Sundeep Sikka, CEO, Reliance Capital Asset Management.
Investors can invest in multiple schemes with a minimum investment amount of Rs 6,000 by way of portfolio SIP.
Fund managers will help the investors choose instruments they want to park their funds in after thoroughly assessing the risk profile. The investors will also be given options to directly choose their picks. First you need to make a portfolio of funds, which could contain a large-cap scheme, a debt fund and a gold fund. You could allocate 50 per cent of the monthly investment amount for the large-cap fund, 30 per cent for debt fund and the remaining for gold fund. Portfolio SIP is meant for goal-oriented investors and portfolio diversification.
“Through portfolio SIP, we intend to sell one lakh portfolio SIPs in next 6 months. This will help us raise Rs 1,000 crore in first year of launch,” added Sikka.