Reliance

Reliance Money
Reliance Money is the financial services division of the Anil Dhirubhai Ambani Group promoted Reliance Capital Limited.

Advantages of Reliance Money :

• Reliance Money offers a single window facility, enabling you to access, amongst others, Equity, Commodity Derivatives, Offshore Investments, IPOs, Mutual Funds, Life & General Insurance Products.
• Low brokerage charges for people who carry out a lot of trading. Customers have to buy prepaid cards.
  Brokerage Structure:
  Pay upfront brokerage.
  Rs 500 valid for 1 cr trading or 2months
  Rs 1350 valid for 3 cr trading or 6 months
  Rs 2500 valid for 6 cr trading or 12 mnths
  There would be very less service tax(almost zero)
  Structure same for equity and commodity markets.

Disadvantages of Reliance Money :

• No linking with bank accounts available yet.
• Many of the facilities are still under development and the software is not mature.
• Charting facility is very poor.