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Wednesday, January 07, 2009

JM Financial MF revises exit load structure

Changes will be effective from 7 January 2009

JM Financial Mutual Fund has revised the exit load structure for JM Income Fund. The change in exit load is to be done with effect from 7 January 2009.

Hereafter, the scheme will charge an exit load 1.00% for the investment amount less or equal to Rs 1 crore, if redeemed / switched out within 365 days from date of investment and nil for the investment amount greater than Rs 1 crore.

Earlier, it charges an exit load 0.40% for the investment amount less or equal to Rs 5 lakh, if redeemed/switched out within 90 days from the date of investment. And no exit load for the investment greater than Rs 5 lakh.

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