Wednesday, April 9, 2008

JM Financial Ceases Its G-Sec Fund

The JM Financial mutual fund has declared that the JM G-Sec Fund PF Plan is being wound up with effect from 8 April 2008.

The fund house will cease to carry any business activities in respect of the plan. It has also ceased to issue units in the plan and has also ceased to create or cancel units in the plan.

JM G-Sec Fund PF Plan aimed at providing ultimate level of safety to its unit holders through investments exclusively in sovereign securities issued by the central and state government.

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