JM Financial Mutual Fund has declared dividend in dividend option of regular and institutional plan under JM Interval Fund-Quarterly Plan 1 (JM QIF-1). The fund house has decided to distribute realized appreciation in the NAV of the plan/option till record date of 22 December 2008 as dividend.
JM Interval Fund-Quarterly Plan 1 regular plan dividend option recorded a NAV of Rs 10.2663 per unit and institutional plan dividend option recorded a NAV of Rs 10.2803 per unit as on 16 December 2008. JM Interval Fund-Quarterly Plan 1 is a debt oriented interval fund aims to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing along with the time profile of the respective plans.
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