Reliance MF withdraws SIP facility in Gold ETF

Reliance Mutual Fund has decided to withdraw the additional facility of Systematic Investment Plan (SIP) in Reliance Gold Exchange Traded Fund with immediate effect i.e. from 31 October 2008. Earlier, Reliance Gold ETF had introduced SIP facility with effect from 24 October 2008. Reliance Gold Exchange Traded Fund is an open ended gold ETF with investment objective of providing returns that closely correspond to returns provided by price of gold through investment in physical gold (and gold related securities as permitted by SEBI from time to time.). However the performance of the scheme may differ from that of the domestic prices of gold due to expenses and or other related factors.