After UTI Mutual Fund
and Franklin Templeton Mutual Fund, Reliance Mutual Fund will become the 3rd
mutual fund house to launch a mutual fund pension scheme.
The fund house
recently received the income tax authorities' approval to launch a pension
scheme on which investors will be entitled to income tax deduction under
Section 80C.
This will be the
first equity-oriented pension scheme from a fund house. Both UTI MF and
Franklin Templeton MF's schemes are debt oriented.
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