Jm Financial Mf Revises Exit Load Structure For Jm G-Sec Fund - Dec 20, 2008

JM Financial Mutual Fund has revised the exit load structure for JM G-Sec Fund - regular plan and PF Plus plan. The change in exit load is effective from 18 December 2008. Both the plans under the scheme do not charge an entry load. In case of investment amount less than or equal to Rs 50 lakh, the fund will ask 0.75% of exit load if redeemed /switched out within 365 days from date of investment.

For investment amount of greater than Rs 50 lakh, there will be no exit load. Earlier, in case of investments less than or equal to Rs 2 lakh, 0.25% was the exit load if redeemed within 90 days from the date of investments. No exit load for investment amount greater than Rs 2 lakh.

The PF Plus Plan has increased exit load to 1.00% if redeemed /switched out within 365 days from the date of investment from earlier 0.60% if redeemed /switched out / fixed period redemption option (FPRO) within 180 days from the date of investment. Trigger options in JM G-Sec Fund viz. Fixed Period Redemption Option (FPRO), Automatic Annual Reinvestment Option (AARO), and Automatic Capital Appreciation Withdrawal Option (ACAWO) stand withdrawn with effect from 18 December 2008.