JM Financial Mutual Fund has launched JM Fixed Maturity Fund - Series XIII - Monthly Plan 3. The initial offer period is opened for fresh subscription only on 7 October 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended income scheme with 31 days of maturity. The monthly plan seeks to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the plan.
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 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.
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