Name of fund: JM Fixed Maturity Fund Series VII 15 Month Plan - 1
Scheme: Close end income fund.
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 plans.
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: 2 January 2008
Offer closes: 9 January 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 retail scheme is Rs 5, 000 and in multiple of Re 1 thereafter. The minimum investment amount under wholesale scheme is Rs 5 lakh and in multiple of Re 1 thereafter.
Scheme: Close end income fund.
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 plans.
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: 2 January 2008
Offer closes: 9 January 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 retail scheme is Rs 5, 000 and in multiple of Re 1 thereafter. The minimum investment amount under wholesale scheme is Rs 5 lakh and in multiple of Re 1 thereafter.
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