By Aarti Chopra
Reliance Money is a single window, enabling you to access, a wide range of financial products and services including Equity, Equity & Commodity Derivatives, Mutual Funds, IPO’s, Life & General Insurance products, Offshore Investments, Money Transfer, Money Changing and Credit Cards. Their endeavor is to change the way India transacts in financial markets and avails financial services.
Finance is the science of funds management. The general areas of finance are business finance, personal finance, and public finance. Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money and risk and how they are interrelated. It also deals with how money is spent and budgeted.
It also offers secured online share trading platform and investment activities in secure, cost effective and convenient manner. To enable wider participation, it also provides the convenience of trading offline through variety of means, including Call & Trade, Branch dealing Desk and its network of affiliates.
A specific example of corporate finance is the sale of stock by a company to institutional investors like investment banks, who may sell it on to private investors, or other financial institutions such as pension funds. The stock give part ownership in that company in proportion to shares owned.
Karur Vysya Bank has entered into an arrangement with Reliance Money Express Ltd, an Anil Dhirubhai Ambani Group company. The arrangement is expected to enable not just the customers of KVB but also the general public receive funds from anywhere across the globe through the branches of KVB. All payments up to Rs 50,000 would be paid in cash across the bank’s counter on production of a valid ID, said a KVB release – Our Bureau.
Trade Anywhere was launched by Reliance Money with an objective to increase the base of participants in the capital markets, to make stock trading on the Bombay and the National Stock Exchanges simpler, transparent and make available a self-service platform at public locations. To achieve this, an internet kiosk was conceived with the goals of simplicity, security and ease of deployment and management in public places.
The main drivers for the project were to increase participation base in capital market activity, make trading available as a self service option on a robust platform in public places, provide a secure means of trading with no middlemen and to increase brand visibility.
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MLA Style Citation:
Chopra, Aarti "Reliance Money – A New Way To Showcase Your Financial Products." Reliance Money – A New Way To Showcase Your Financial Products. 27 Jun. 2010. uberarticles.com. 5 Aug 2014 <http://uberarticles.com/finance/mutual-funds/reliance-money-a-new-way-to-showcase-your-financial-products/>.
APA Style Citation:
Chopra, A (2010, June 27). Reliance Money – A New Way To Showcase Your Financial Products. Retrieved August 5, 2014, from http://uberarticles.com/finance/mutual-funds/reliance-money-a-new-way-to-showcase-your-financial-products/
Chicago Style Citation:
Chopra, Aarti "Reliance Money – A New Way To Showcase Your Financial Products" uberarticles.com. http://uberarticles.com/finance/mutual-funds/reliance-money-a-new-way-to-showcase-your-financial-products/
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