Saving-Ideas.com

Icon

Personal Finance Blog India –

Illustration Of Reliance My Gold Plan & How It Works:


Reliance My Gold Plan offers buying of Gold on daily basis.This plan claims to buy gold daily basis in equal tranche for 20 days & so its efficient way of buying Gold & it will avoid concentrated purchase of Gold.

Reliance My Gold Plan have provided the illustration of How this plan works & we have reproduced it for the readers of this blog.Remember that quantity of the Gold buying will depend upon the price of Gold on the specific day & it will be declared on official website of Reliance My Gold Plan.

Administration Charges of 1.5% will be added in daily Gold price & according with that price only Gold allotment will take place.

Illustration Of Reliance My Gold Plan:

Consider Monthly Subscription – Rs.2000/-.

SO Gold of Rs.100/- per day will be for next 20 days as per prevailing rates:

Date Subscription Daily Subscription Amount Gold Price – Per Gram Gold Price After adding administration Charges Gold Grams Alloted Cumulative Gold Grams Added
24/05/2012 Subscription amount Of Rs.2000/- realized in account of Reliance My Gold Plan
Rs.2000/- will be divided in 20 equal parts & Gold of daily Rs.100/- will be purchased for next 20 days.This cycle will be reiterated when next installment of Rs.2000/- will be received.
25/05/2012 Daily Avg.-1/20 100. 3057.68 3103.55 0.0322 0.0322
28/05 2/20 100 3075.16 3121.29 0.0320 0.0642
29/05 3/20 100 3090.52 3136.88 0.0318 0.0960
30/05 4/20 100 3072.19 3118.28 0.0320 0.1280
31/05 5/20 100 3098.67 3145.15 0.0317 0.1597
01/06 6/20 100 3086.81 3133.11 0.0319 0.1916
04/06 7/20 100 3190.32 3238.17 0.0308 0.2224
05/06 8/20 100 3242.75 3291.40 0.0303 0.2527
06/06 9/20 100 3255.47 3304.30 0.0302 0.2829
07/06 10/20 100 3200.38 3248.39 0.0307 0.3136
08/06 11/20 100 3125.16 3172.04 0.0315 0.3451
11/06 12/20 100 3171.78 3219.35 0.0310 0.3761
12/06 13/20 100 3191.90 3239.78 0.0308 0.4069
13/06 14/20 100 3216.27 3264.51 0.0306 0.4375
14/06 15/20 100 3226.86 3275.27 0.0305 0.4680
15/06 16/20 100 3230.04 3278.49 0.0305 0.4985
18/06 17/20 100 3223.69 3272.04 0.0305 0.5290
19/06 18/20 100 3256.53 3305.37 0.0302 0.5592
20/06 19/20 100 3243.81 3292.47 0.0303 0.5895
21/06 20/20 100 3202.51 3250.54 0.0307 0.6202

One can check that when their is deep in prices ,more amount of Gold is purchased & vice versa when prices are at higher level.

This plan offer more advantage in the cases of correction in Gold prices.

Our Take on Reliance My Gold Plan:

First important thing is that you are investing in Physical Gold not in paper format.So output of Gold will be in the form of Gold Coin / Jewellery. Physical Gold is considered as illiquid asset [though we can mortgage it].

Just remember that where there is volatility ,systematic investment is always useful.We can not call recurring deposits as systematic investment as its a linear straight line.Whether Equity or Commodities both always revolve in the cyclic phases-Bullish & bearish.So suppose even if Gold went multi year bearish mood from now,I believe that it will follow bullish phase thereafter. So if you have chosen to invest, you should be enough consistent in investing.

Finally , IDBI Trusteeship Services limited are Trustees of this plan & completely filled applications alongwith the required documents can be submitted at offices of CAMS.

Also View: Details Of Reliance My Gold Plan

Disclaimer – Blog author is distributor of Reliance My Gold Plan.


Category: Commodities

Tagged:

Leave a Reply

Advertisement:

Categories

Categories

Blog Archives

See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

Blog Author

Blog Author

Who's Online

10 visitors online now
2 guests, 8 bots

Disclaimer

Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
10 visitors online now
2 guests, 8 bots, 0 members
Max visitors today: 12 at 12:00 am UTC
This month: 39 at 06-07-2017 08:08 am UTC
This year: 56 at 02-27-2017 10:53 am UTC
All time: 363 at 09-23-2016 05:45 am UTC
Thank You For Visiting This Blog!!!