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Skip Navigation Links Home / Products and Services / Reliance My Gold Plan

Systematic savings in gold

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Gold has traditionally been one of the biggest indicators of prosperity in India.
Whether it is celebrating a birth, religious occasion, wedding, anniversary or just a bout of generosity, gold remains a popular gift and a must-have in every household.

Why save with

Reliance My Gold Plan?

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​​Why Save with Reliance My Gold Plan?

Reliance My Gold Plan (RMGP) is a result of an exclusive tie-up between Reliance Money Precious Metals Limited and World Gold Council (WGC)

 

Systematic way of buying gold everyday

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

Allows smaller subscription amounts making the plan accessible and affordable

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.

3 steps to save

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3 steps to save in Reliance My Gold Plan(RMGP)


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.

Fulfil: 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.

Illustration

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Mrs. Kamath's Reliance My Gold Plan

Fifty-year-old Mrs. Kamath had only one thing on her mind ─ her daughter Neelam's wedding. At the time, Neelam was 23 and wanted to finish with higher studies before she settled down. But that didn't stop Mrs. Kamath from imagining a lavish wedding for her only daughter.

Coming from a traditional family, she knew that the biggest expenditure would be for gold. Since the day Neelam was born, Mrs. Kamath had been saving every gram of gold ever gifted or bought.
When Mrs. Kamath heard of Reliance My Gold Plan, she discussed with her husband, the possibiities of going for a 4-year long tenure. This meant that even if the wedding happened in 2 years, they could get partial fulfilment.

They chose to go for monthly subscription amounts of Rs. 2,000 to have enough gold at the end of the tenure. She was assured that this gold would be 24 Carat, the highest purity, and would be calculated as per the daily gold price. Mrs. Kamath was at peace!
After 3 years, Neelam had the wedding of her and of course, her mother's dreams.

Compare 

Reliance My Gold Plan

with other gold saving products

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​Compare Reliance My Gold Plan with other gold saving schemes
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​FeaturesReliance My Gold PlanGold ETFGold Savings FundJeweller
Backed by Physical GoldYesYesNoNo
Fulfilment ModeGoldCoins/JewelleryCashCashOwn Jewellery Only
AllotmentPrice of Gold at
each Subscription		Net AssetValueNet AssetValuePrice at the end
of the tenure
Mode of SubscriptionAverage PricingCheque / DD /ECS / Cash**Stock ExchangesECS/Cheque/DDCash
MethodologyYesNoNoNo
Impurity RiskNoNANAYes
Default RiskNoNoNoYes
Flexibility to buy from other JewellersYesNANANo
Fulfilment CentresAcross IndiaNANAAt his outlet​

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    RMSL is a distributor of various financial products such as Bonds, Debentures, Corporate Fixed Deposits, Structured Financial Instruments, Plans offered by Portfolio Managers, etc.

    RMSL is an AMFI registered distributor for Schemes of Mutual Funds (Regn. No. ARN88870)

    RMSL is registered with NSE (Regn. No. AP197377213) and BSE (Regn. No. AP0109590126935) as an Authorised Person affiliated to Reliance Securities Limited (RSL), a SEBI registered Stock Broker (RSL Regn. No. NSE - INB/F/E 231234833, BSE - INB/F/E 011234839)

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