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Absolute Freedom Option -
This investment option is a highly flexible one with a very direct focus. To make the most of investment openings across a wide gamut of large cap, mid cap and small cap stocks. |
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The NRI Docket (consisting of RPMS Agreement & Deutsche Bank
booklet) duly completed along with Rupee cheque or Rupee draft should
be submitted along with required documentation. Investors can also
lodge their completed application forms with brokers appointed by
Reliance Portfolio Management Services from time to time for onward
submission to RPMS Corporate Office. All cheques/DDs must be drawn in
favour of "Name of the Investor" and crossed "A/c payee" only and
payable at the place where the application is submitted at the
official point of acceptance. An NRI choosing to invest in Reliance
PMS currently cannot make the investment in foreign currencies. The
NRI investor needs to give a cheque or draft in rupees from his/her
NRE, NRO bank account in India. The NRI investor may also send a rupee
cheque/draft issued by an exchange house abroad drawn on its
correspondent bank in India. However, for an NRI to invest it is
mandatory that he/she maintains a bank account in India. |
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Once an account is opened, the NRI investor may transact by filling up the Additional / Switch Investment Addendum, along with the cheque or the bank draft in case of an additional purchase. |
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The application form of Reliance PMS has a provision for local address, but the NRI Overseas Address is mandatory. If the local address is also provided, in such cases, the Indian address is registered for the purpose of contact and the foreign as an alternative address.
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Yes. One can get the following communication by email :
- Statement of Account or
- Monthly Newsletter & Annual Report
- Communication on change of address, bank, etc.
The NRI investors need to provide their email ids and subscribe for the above at the time of investing by selecting the relevant columns in the application form/common transaction form.
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NRIs/ PIOs can invest in units of the schemes on a fully repatriable basis or on a non-repatriable basis where the principal is non-repatriable but the income distributions are repatriable.
- Repatriable Basis - Payments for the purchase by way of Indian rupee drafts purchased abroad or by way of cheques drawn on the NRE/FCNR account of the investor, payable at the city where the application form is accepted by any of the Reliance PMS official points of acceptance of transactions. In case of DDs from FCNR, a Foreign Inward Remittance Certificate (FIRC) from the bankers is necessary, confirming that funds are from FCNR account and are repatriable.
- Non-Repatriable Basis - Payments by way of Indian rupee drafts purchased abroad, or by way of cheque/DDs drawn on the NRE/NRO account of the investor, payable at the city where the application form is accepted by any of the RPMS official points of acceptance of transactions.
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The cheque/DD should be payable or drawn on Mumbai.
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No. Overseas bank account details are not accepted as the payment is in Indian rupees by way of cheque/direct credits.
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In order to redeem funds the investor needs to submit the redemption request in original at the nearest official point of acceptance of transactions. All the redemption request forms must contain the investor?s folio number, the amount/name of the portfolio he/she would like to redeem and should be duly signed by the unit holders on record or their Power Of Attorney (POA) holders. Redemption requests that lack valid signatures will not be accepted. |
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Redemption proceeds will be paid by a payable at par cheque and payments will be made in favour of the first unitholder and the bank account number shall be mentioned on the cheque as well. Direct credit facility is provided if the investor holds a bank account with any of the authorised banks. Redemption proceeds and/or income distribution (if any) will be payable in Indian Rupees only. The scheme will not be liable for any loss on account of exchange fluctuations, while converting the rupee amount to any other currency. |
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No. Investors need to contact their authorized dealers/banks for the same.
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Yes. An NRI can be a nominee subject to the RBI Exchange Control Regulations from time to time.
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Yes. An NRI investor can have a joint holding with a Resident Indian or a Non-Resident Indian in a scheme of Reliance PMS.
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The NRI investor can log on to www.reliancepms.com and using their username & password and receive all the information on performance, portfolio, and returns of Reliance PMS. Investors will also receive periodically performance and portfolio reports on the registered email ID.
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Knowledge Center
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| What is Portfolio Management Services (PMS)? |
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Call Us Anytime!
91 - 22 - 3099 4600(B)
91 - 22 - 3099 4915(D)
91 - 22 - 3099 4913(D)
91 - 22 - 3099 4927(Fax)
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