Friday, March 27, 2009

JM MIP Fund Offers Dividend - March 27 , 2009

JM Financial Mutual Fund has proposed to declared dividend under dividend option of JM Monthly Income Plan (MIP) Fund. The record date for the same is March 30, 2009. The fund house has decided to offer dividend under Quarterly dividend as well as Annual dividend option. The quantum of dividend will be up to 3.839% i.e. Re 0.3839 per unit.

The NAV under Quarterly dividend option as on March 24, 2009 was Rs 10.4475 per unit and under Annual dividend option was Rs 11.1133 per unit.

JM MIP Fund, an open-ended income scheme with an objective of generating regular income, primarily through investments in fixed income securities so as to make monthly, quarterly and annual dividend distribution, declare bonus in the growth option.

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