The JM Financial mutual fund has announced the declaration of dividend under both regular and institutional plans of JM Interval Fund-Quarterly Plan 1 the record date for dividend will be 25 June 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 10.2415 under regular plan and Rs 10.2471 under institutional plan as on 19 June 2008.
JM Interval Fund-Quarterly Plan 1 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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