JM Financial Mutual Fund has announced changes in the load structure for Systematic Investment Plan (SIP) of all equity schemes with effect from 3 October 2008:
Existing load structure:
In case of investments made through Systematic Investment Plan
Entry load: Nil
Exit load: 2.25% if redeemed within 2 years of allotment/transfer of units of respective installments.
Revised load:
In case of investments made through Systematic Investment Plan
Entry load: 2.25%
Exit load: 1% if redeemed within 1 year of allotment/transfer of units of respective installments.
In case of Systematic Transfer Plan, the entry load will continue to be Nil and the exit load will be 2.25% if redeemed within 2 years of allotment/transfer of units of respective installments.
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