JM Financial Mutual Fund has preponed the new fund offering (NFO) period of JM Interval Fund �Quarterly Plan 3 to 11 February 2008. The fund was scheduled to close on 14 February 2008.
JM Interval Fund �Quarterly Plan 3 is debt oriented interval scheme. The scheme seeks to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.
JM Interval Fund �Quarterly Plan 3 will offer two plans i.e. regular plan and institutional plan. Each of these plans will have dividend and growth option. Under the dividend option, an investor may choose for payout or reinvestment of the dividend amount. The minimum investment under regular plan is Rs 5000 whereas the minimum investment under institutional plan is Rs 5 lakh and in multiple of Re. 1 thereafter.
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