JM Financial MF launches FMP Series

JM Financial MF launches FMP Series

Name of fund: JM Fixed Maturity Fund Series IX 15 Month Plan

Scheme: The scheme is a close-ended income fund with maturity of 455 days from the date of allotment.

Objective: The investment objective of the fund is to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plan.

Asset allocation:

Short term debt securities and money market instruments: 65-100%

Government securities: 0- 35%

Securitised debt: Up to 80% net assets of plan

Offer opens: 7 March 2008

Offer closes: 12 March 2008

Face value: Rs 10

Investment Options: Each series will have regular and institutional plan. The scheme offers investors growth option and dividend option under both the plans.

Entry load: Nil

Exit load: The fund would charge an exit load of 2.00% if the units are redeemed or switched out before maturity.

Minimum Investment Amount: The minimum investment amount under regular scheme is Rs 5, 000 and in multiple of Re 1 thereafter. The minimum investment amount under institutional scheme is Rs 5 lakh and in multiple of Re 1 thereafter.

Minimum subscription amount: Rs 1 crore

Benchmark Index: I-Sec Bond Index

Fund Manager: Ms Shalini Tibrewala

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