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Reliance MF: Introduction of Reliance Salary Advantage Facility

Reliance Mutual Fund has introduced Reliance Salary Advantage Facility which will be available in 11 schemes from all categories of mutual funds. This facility is for employers. They can enter into an agreement with Reliance MF to deduct desired amount from the salary of the employees and remit the same to Reliance MF through a consolidated Cheque/fund transfer/debt instruction. Subsequently monthly/quarterly deductions will happen each month/quarter on the specified date.