JM Financial To Unveil Contra-Fund In 3 Months

Mumbai: JM Financial Mutual Fund has decided to come out with a contra-fund over the next three months, said Mr Sandip Sabharwal, Chief Investment Officer-Equity of JM Financial Mutual Fund. JM Financial MF is looking at launching three equity funds in the current financial year. The fund house currently recorded a good response for their equity tax saver fund a three year close-ended scheme and is now looking at evolving an open-ended scheme in the same space. Traditionally, JM Financial had more of debt funds. They are slowly shifting focus to equity funds.