The JM Financial mutual fund has announced the declaration of dividend under dividend option with both regular and institutional plans of JM Interval Fund-Quarterly Plan 2. The record date for dividend will be 7 April 2008.
The AMC plans to distribute realized appreciation in the NAV of the plan / option since inception till the record date as dividend. The NAV of the scheme was recorded at Rs 10.0243 under regular plan and Rs 10.0245 under institutional plan as on 1 April 2008.
JM Interval Fund-Quarterly Plan 2 is a debt oriented interval fund, whose primary investment objective is to seek 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.
The AMC plans to distribute realized appreciation in the NAV of the plan / option since inception till the record date as dividend. The NAV of the scheme was recorded at Rs 10.0243 under regular plan and Rs 10.0245 under institutional plan as on 1 April 2008.
JM Interval Fund-Quarterly Plan 2 is a debt oriented interval fund, whose primary investment objective is to seek 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.
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