The Plan is
NEITHER a financial product NOR a deposit but a method of accumulating gold for
the personal needs of the customer.
About MY GOLD
PLAN :
In India, there are currently
various ways to invest in gold, including physical gold bars, gold saving
accounts, leveraged gold trading accounts, structured gold products and gold
futures. However the physical gold market in India is highly unorganized.
Therefore, to assist in the development of a mature gold market in India
Reliance Gold along with World Gold Council as its Marketing Associate has
launched the MY GOLD PLAN. This revolutionary new plan lets customers buy gold
conveniently in small amounts, based on a Daily Average Pricing Methodology.
The Daily Average Pricing Methodology splits the monthly subscription amount
into equal parts, spread over 20 working days of a month, thereby insulating
the customers from the daily price volatility
Product Objective:
Reliance My Gold Plan (R-MGP) is offered by Reliance Money
Precious Metals Pvt. Ltd. (RMPM) to enable systematic accumulation of gold
grams by customers for their personal requirements. R-MGP enables customers to
accumulate physical gold in small quantities on a daily basis through the
benefit of "daily rupee average pricing"
What is My Gold Plan:
Similar to conventional savings plans
A medium to accumulate physical gold in small
quantities at periodic intervals
A customer puts aside a fixed sum of money every month
The fixed sum then buys gold every trading day in
that month
Save gold through a process of daily rupee averaging of
the price of gold over a sustained period in time
At the end of the term exchange in the form of Gold Coins
Product Features
Accumulation of Gold Grams: Customers can accumulate gold grams
through small subscriptions over a sustained
period to meet objectives like daughter's wedding, planned
gifting, to name a few.
Affordable: Low entry level with a minimum payment of `1000/- and in
multiples of `500/- thereafter
Cost Averaging/Daily Pricing: For all "Clear Funds" from
purchases (First time / Monthly / Additional) gold grams would be purchased
over the next 20 successive business days in equal tranches and gold micro
grams allotted at "Beginning of Day" prices declared by RMPM.
Gold Rates Benefit: More gold grams credited when the price of gold is low
Guaranteed Purity: 24 Karat with 99.5% purity
Flexibility of Fulfilment: Choice of obtaining accumulated gold
grams in the form of coins
100% Secure: Security Trustee appointed for the benefit of customers.
Accumulated gold is kept in safe custody with professional custodians in
insured professional vaults. Delivery of gold to end customers under an insured
mechanism through coin fulfillment partners
Gold Gram Benefit: Credit of physical gold grams in 4 decimals rounded down
Multiple Modes of Payment: Cheque / DD / Pay Order / Cash /
Direct Debit / ECS
Gold - A wealth
creator
For centuries, gold has been
considered a symbol of security & prosperity. Indians buy or present gold
extensively on important occasions, be it a wedding or some religious festival.
It is considered to be one of the safest forms of storing wealth. These aspects
of Indian culture has made India
the world's largest consumer of gold (source: World Gold Council). Gold
is considered as a safe haven for the future as it is valued as a savings
vehicle and is one of the preferred investment avenues.
Why
invest in gold?
Safe Haven:
Gold is considered as one of the most pure, safe and secure form of storing wealth. Infact, Gold can also be used as a mortgage against a loan or can be sold to sail through uncertain times.
Consistent asset class:
Gold as an investment asset has given positive returns (in USD) for each calendar year during the last decade outpacing most of asset classes.
Hedge against other asset class:
Gold, as an asset class has low correlation with other asset classes like equity and bonds. It has low correlation with economic downturn in volatile times and is a good hedge against inflation. Coupled with strong appreciation for over a decade, Gold has emerged as an important asset class for investments in one's portfolio.
Diversification:
Easy and convenient way to diversify one's portfolio.
Safe Haven:
Gold is considered as one of the most pure, safe and secure form of storing wealth. Infact, Gold can also be used as a mortgage against a loan or can be sold to sail through uncertain times.
Consistent asset class:
Gold as an investment asset has given positive returns (in USD) for each calendar year during the last decade outpacing most of asset classes.
Hedge against other asset class:
Gold, as an asset class has low correlation with other asset classes like equity and bonds. It has low correlation with economic downturn in volatile times and is a good hedge against inflation. Coupled with strong appreciation for over a decade, Gold has emerged as an important asset class for investments in one's portfolio.
Diversification:
Easy and convenient way to diversify one's portfolio.
Comparison
with Prevailing Products
|
Features
|
Reliance
My Gold Plan |
Gold ETF
|
Gold SavingsFund
|
Jeweller
|
|
Backed by Physical Gold
|
Yes
|
Yes
|
No
|
No
|
|
Fulfilment Mode
|
Gold Coins /
Jewellery*
|
Cash
|
Cash
|
Own Jewellery
only |
|
Allotment
|
Price of Gold at each Subscription
|
Net Asset Value
|
Net Asset Value
|
Price of Gold at the end of the tenure
|
|
Mode of Subscription
Average Pricing
|
Cheque / DD / ECS / Cash**
|
Stock Exchanges
|
ECS / Cheque / DD
|
Cash
|
|
Methodology
|
Yes
|
No
|
No
|
No
|
|
Impurity Risk
|
No
|
Not Applicable
|
Not Applicable
|
Yes
|
|
Default Risk
|
No
|
No
|
No
|
Yes
|
|
Flexibility to buy gold
from other Jewellers
|
Yes
|
Not Applicable
|
Not Applicable
|
No
|
|
Fulfilment Centres
|
Across India
|
Not Applicable
|
Not Applicable
|
At his outlet
|
We are
enclosing herewith for your reference.
1. Gold
Price since last 86 years
2.
Frequently Asked Questions (FAQ)
3. Reliance
Gold Plan Features
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