JM MF offers 13 months Fixed Maturity Fund

JM Mutual Fund has launched JM Fixed Maturity Fund – Series XI -  13 Months Plan 2. (View - New Fund Offers open NOW)

Investment objective: The investment objective of the scheme seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plans 

Offer opens : July 15, 2008

Offer closes : July 23, 2008

Scheme Type : A close-ended income scheme

Face value : Rs 10

Investment Option : Retail Plan / Institutional Plan

Plans / Optons : Growth / Dividend

Minimum Investment : Retail Plan Rs 5000 / Institutional Plan 5 Lakhs

Entry load : Nil

Exit load : 2% for redemption made during specified transaction period, and 3% for redemption on all business days other than specified redemption period.

Asset allocation : Debt 65% - 100% in short term debt securities (including fixed income derivatives and securitized debt) & money market instruments and Government securities 0%-35%

Benchmark : Crisil Liquid Fund Index

Fund Manager : Shalini Tibrewala.

Tenure : 13 Months (395 Days)

Indicative yields : Retail Plan Rs 10.45% / Institutional Plan 11.00%

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