JM MF launches FMF Series X- Quarterly Plan 5

JM Mutual Fund has launched JM Fixed Maturity Fund Series X- Quarterly Plan 5 a close-ended income scheme with a maturity of 91 days. 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. (View - New Fund Offers open NOW)

The New Fund Offer opens on June 18, 2008 and closes on July 16, 2008.

The scheme will invest 65%-100% in short term debt securities including fixed income derivatives and securitized debt & money market instruments. The scheme will also invest 0-35% in Government securities.

The Scheme offers two plans - Regular Plan and Institutional plan, with Dividend and Growth options. Minimum investment is Rs 5000 for regular plan and Rs 10000000 for institutional plan in multiples of Re. 1/- thereafter. During the NFO period, the fund will not attract any entry load while an exit load of 1% if redeemed before maturity from the date of allotment.

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