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Can an NRI have a joint account in a scheme of Reliance Mutual Fund with a resident Indian?

April 26, 2017account indian Joint mutual fund NRI Reliance resident Scheme

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Can an NRI have a joint account in a scheme of Reliance Mutual Fund with a resident Indian?

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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 Mutual Fund. • How does an NRI get updated on the performance of the schemes? The NRI investor can log on to www.reliancemutual.com and receive all the information on performance, portfolio, and returns of all schemes of Reliance Mutual Fund. Investors can receive daily NAVs of the schemes of Reliance Mutual Fund through email by subscribing to the facility on the website. Apart from the website the investor can also gather information as well as comparison with other mutual fund schemes on some of the financial websites. Apart from these, the AMC sends the fact sheet (Fundamentals) on a regular basis, which contains details like portfolio and performance for a given period.