JM Financial Mutual Fund has launched JM Fixed Maturity Fund - Series XIII - Monthly Plan 1 on 17 September 2008. The new issue will be closed for the subscription on 22 September 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended income scheme. Duration of the scheme will be 31 days from the date of allotment of units. It is a close-ended income scheme comprising various plans seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plans.
The scheme offers two plans viz. regular and institutional plan, which will have two sub-options of growth and dividend options. The minimum investment amount under regular plan is Rs 5,000 and under institutional plan, it is Rs 5 lakh and in multiples of any amount thereafter. The scheme seeks to raise a minimum subscription amount of Rs. 1 crore during its New Fund Offer period
The scheme offers two plans viz. regular and institutional plan, which will have two sub-options of growth and dividend options. The minimum investment amount under regular plan is Rs 5,000 and under institutional plan, it is Rs 5 lakh and in multiples of any amount thereafter. The scheme seeks to raise a minimum subscription amount of Rs. 1 crore during its New Fund Offer period
No comments:
Post a Comment