Reliance Capital

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Reliance Capital Limited (RCL) is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. RCL was incorporated as a public limited company in 1986 and is now listed on the Bombay Stock Exchange and the National Stock Exchange (India).

With a net worth of over Rs 3,300 crore and over 165,000 shareholders, Reliance Capital has established its presence as a leading player in the financial services sector in the country. On conversion of outstanding equity instruments, the net worth of the company will increase to about Rs 4,100 crore.

Reliance Capital sees immense potential in the rapidly growing financial services sector in India and aims to become a dominant player in this industry and offer fully integrated financial services. It is headed by Anil Ambani.

Reliance Capital is one of India’s leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth.

Reliance Capital has interests in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking and other activities in financial services.

Reliance Capital launches retail broking operations--12 April 2007

Reliance Capital has announced its foray into the brokerage business through Reliance Money promoted by Anil Dhirubhai Ambani Group firm Reliance Capital. Reliance Money will offer a 'fixed' flat fee structure and would offer highly competitive rates based on the flat fee structure instead of the contemporary system where investors pay brokerage fees (percentage) for each transaction conducted in the stock markets.

Reliance Money would offer the brokerage services across 700 cities including Delhi and Mumbai through more than 3,000 outlets.

Investors would need to pay brokerage at the rate of Rs 12 per assisted trade (from Reliance's Franchisee or call center) and can trade free using online trading portal (fixed fee of Rs500 for delivery trades up to Rs 5 lakh and / or non-delivery trades up to Rs 5 lakh, with validity period of one year), the company said.

Industry rates vary between 0.4 per cent to 0.85 per cent for delivery trades and between 0.05 per cent and 0.10 per cent for non-delivery trades Reliance's demat offers four options for trading. Online Option: One can trade on his PC on our online portals. Reliance provides three online portals named Fast Trade, Easy Trade and Instra Trade. Offline Option: One can do assisted trade on Reliance's Franchisee Office on Software named Fast Trade. On Kiosks: One can use Reliance's Kiosks for online trading with usage cost of 50p/min. Call Center: One can trade on phone by dialing '39886000' followed by local city code.

For more information regarding products and services of Reliance Money one can contact on 09307216505.