JM Financial Mutual Fund has announced 19 March 2008 as the record date for the declaration of dividend under dividend option of JM Arbitrage Advantage Fund and JM Equity and Derivative Fund.
The fund house has declared a dividend of 2.50% i.e. Rs 0.25 per unit on face value of Rs 10 – for JM Arbitrage Advantage Fund. It has also declared a dividend of 1.80% inclusive of dividend distribution tax i.e. Rs 0.18 per unit on face value of Rs 10 -for JM Equity and Derivative Fund.
The record date for both the scheme has been fixed as 19 March 2008.
The NAV of JM Arbitrage Advantage Fund was at Rs. 10.3900 as on 13 March 2008 whereas the NAV of JM Equity and Derivative Fund were at Rs. 10.3899 as on 13 March 2008.
JM Arbitrage Advantage Fund is an equity oriented interval fund with an investment objective of generating income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
JM Equity and Derivative Fund is an income scheme –Interval fund. Its investment objective is to generate regular income through arbitrage opportunities.
The fund house has declared a dividend of 2.50% i.e. Rs 0.25 per unit on face value of Rs 10 – for JM Arbitrage Advantage Fund. It has also declared a dividend of 1.80% inclusive of dividend distribution tax i.e. Rs 0.18 per unit on face value of Rs 10 -for JM Equity and Derivative Fund.
The record date for both the scheme has been fixed as 19 March 2008.
The NAV of JM Arbitrage Advantage Fund was at Rs. 10.3900 as on 13 March 2008 whereas the NAV of JM Equity and Derivative Fund were at Rs. 10.3899 as on 13 March 2008.
JM Arbitrage Advantage Fund is an equity oriented interval fund with an investment objective of generating income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
JM Equity and Derivative Fund is an income scheme –Interval fund. Its investment objective is to generate regular income through arbitrage opportunities.
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