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Friday, December 26, 2008

JM Financial MF declares dividend for two schemes

Record date for dividend is 30 December 2008

JM Financial Mutual Fund has declared dividend in dividend option of regular and institutional plan under JM Fixed Maturity Plan-Series VII. The fund house will offer dividend for 15 Months Plan 1 and 18 Months Plan. The record date of dividend is set on 30 December 2008.

The fund house has decided to distribute realized appreciation in the NAV of the plan/option till record date of 30 December 2008 as dividend for the 15 Months Plan 1 and 18 Months Plan of JM Fixed Maturity Plan-Series VII.

JM Fixed Maturity Plan-Series VII-15 Months Plan 1 has recorded NAV under regular plan at Rs 10.2697 & institutional plan at Rs 10.2594 as on 23 December 2008.

JM Fixed Maturity Plan-Series VII -18 Months Plan has recorded NAV under regular plan at Rs 10.3687 & institutional plan at Rs 10.3576 as on 23 December 2008.

JM Fixed Maturity Plan-Series VII is a close-ended income schemes comprising various plans seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plan.

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