© Copyright 2010 Reliance Investments Limited
A Reliance Capital Company
All investments in mutual funds are subject to market risk. The NAV based prices of Units and any dividends/returns thereon are dependent on forces affecting the financial markets. These may go up and down based on market conditions. Past performance is not necessarily indicative of future results. Reliance Investments Limited (RIL) is the Asset Management Company i.e. the Management Company of RIF & RIF is a Fund, duly approved by SECP and CDC is the Trustee. RIL, however assumes no liability financial or otherwise on the part of the Fund except for managing the Fund in accordance with NBFC Rules, NE Regulations, and the Trust Deed. Please read the Offering Document of the fund to understand the investment policies and the risks involved. Assets Allocations are likely to change on a daily basis because of investments and redemptions in the fund and price changes of assets in the portfolio.
Disclaimer:
There is an Income Tax rebate on investment in open end mutual funds. You can avail the tax credit if you retain the investment for one year. Section 62 of the Income Tax Ordinance 2001 provides a tax rebate at the average rate of tax on investment in new units to the extent of 10% of taxable income OR Rs.300,000 OR the amount of investment, whichever is lower.
Example
Annual Taxable Income
Average Tax Rate (a)
Investment Amount in RIF (b)
Tax Rebate Claimed (a x b)