JM Mutual Fund has announced windup of JM Fixed Maturity Fund - Series XXVIII - Plan A & Plan B, close-ended income plans, with effect from 27 March 2019.Powered by Capital Market - Live News

JM Financial Mutual Fund has launched a new plan named as JM Fixed Maturity Fund Series XXVIII - Plan A (a close-ended income fund offering fixed maturity plan). The tenure of the scheme is 1135 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 20 March 2019 to 25 March 2019. The investment objective of the plan under the scheme is to generate regular returns and capital appreciation through investments in fixed income securities maturing on or before the date of the maturity of the scheme.The scheme offers growth option, dividend option under the sub-option dividend payout only. The plan would invest 100%-70% of assets in debt instruments & government instruments with low to high risk profile and invest upto 30% of assets in treasury bills, TREPS and money market securities with low to high risk profile. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. Entry and exit load charge will be not applicable for the plan. Benchmark Index for the plan is Crisil Short Term Bond Fund Index. The fund manager of the scheme is Vikas Agrawal.Powered by Capital Market - Live News

JM Financial Mutual Fund has launched a new plan named as JM Fixed Maturity Fund Series XXVIII - Plan B (a close-ended income fund offering fixed maturity plan). The tenure of the scheme is 1135 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 20 March 2019 to 25 March 2019The investment objective of the plan under the scheme is to generate regular returns and capital appreciation through investments in fixed income securities maturing on or before the date of the maturity of the scheme.The scheme offers growth option, dividend option under the sub-option dividend payout only. The plan would invest 100%-70% of assets in debt instruments & government instruments with low to high risk profile and invest upto 30% of assets in treasury bills, TREPS and money market securities with low to high risk profile. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. Entry and exit load charge will be not applicable for the plan. Benchmark Index for the plan is Crisil Short Term Bond Fund Index. The fund manager of the scheme is Vikas Agrawal.Powered by Capital Market - Live News

JM Financial Mutual Fund has announced 20 March 2019 as the record date for declaration of dividend under the annual dividend option of JM Large Cap Fund. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be: JM Large Cap Fund - Annual Dividend Option: Rs. 12.25.Powered by Capital Market - Live News

JM Financial Mutual Fund has announced change in exit load structure under JM Short Term Fund, with effect from 15 March 2019. Accordingly, the revised exit load will be: NILPowered by Capital Market - Live News