EASY STEPS TO INVEST IN GOLD WITH 
RELIANCE MY GOLD PLAN

Saving with RMGP is a simple 3 step process:

 

Subscribe

An account opening form can be procured online or physically from a branch. This form must be submitted along with relevant documents, an initial subscription fee and an additional subsequent fee
 

Pay

The initial subscription for RMGP starts at Rs.1,000/month. Thereafter, subscriptions can be made in multiples of Rs.100/-. These payments can be made through Cheque, DD, ECS, Direct Debit, Net Banking or Credit/Debit cards.
 

Fulfill

On the day of fulfilment, the gold can be redeemed in the form of gold coins of various denominations, gold bars or jewellery from prescribed jewellers. No fulfilment can be done within first 6-month lock-in period since the date of initial subscription.

 WHY SAVE WITH  
RELIANCE MY GOLD PLAN?

 

  • Uses cost averaging which reduces the overall risk when buying gold

  • Redemption by way of coins, bars or jewellery using 24 Carat gold of 995 fineness.

  • Allows smaller subscription amounts making the plan accessible and affordable

  • Systematic way of buying gold everyday

  • Offers tenures as short as 1 year to as long as 15 years

 

 COMPARE RELIANCE MY GOLD PLAN WITH OTHER  
GOLD SAVING SCHEMES
Features Reliance My Gold Plan Gold ETF Gold Savings Fund Jeweller
Backed by Physical Gold Yes Yes No No
Fulfilment Mode GoldCoins/Jewellery Cash Cash Own Jewellery Only
Allotment Price of Gold at each Subscription Net AssetValue Net AssetValue Price at the end of the tenure
Mode of SubscriptionAverage Pricing Cheque / DD /ECS / Cash** Stock Exchanges ECS/Cheque/DD Cash
Methodology Yes No No No
Impurity Risk No NA NA Yes
Default Risk No No No Yes
Flexibility to buy from other Jewellers Yes NA NA No
Fulfilment Centres Across India NA NA At his outlet‚Äč