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Monday, August 24, 2009

JM Financial MF Revises Exit Load For Various Schemes

With effect from 24 August 2009

JM Financial Mutual Fund has decided to revise the exit load structure for various schemes given below, with effect from 24 August 2009.

JM Mid Cap Fund, JM Balanced Fund, JM Basic Fund, JM Contra Fund, JM Equity Fund, JM Emerging Leaders Fund, JM Hi Fi Fund, JM Financial Services Fund, JM Large Cap fund, JM Multi Strategy Fund, JM Small & Mid Cap Fund, JM Telecom Sector Fund:

For investments of any amount through whatever mode of transactions, the exit load charge will be 1%, if redeemed / switched-out within 365 days of transfer/allotment of units in normal transactions / allotment of units of respective installments in SIP/STP/SWP transactions.

JM Income Fund, JM Nifty Plus Fund, JM G-Sec Fund – Regular Plan, JM Floater Fund – Long Term – Regular Plan and all other open ended Schemes/Plans:

For investments of any amount through whatever mode of transactions, the exit load charge will be nil.

JM MIP Fund:

For investments of any amount through whatever mode of transactions, the exit load charge will be 0.50%, if redeemed / switched-out within 182 days of transfer/allotment of units in normal transactions / allotment of units of respective installments in SIP/STP/SWP transactions.

JM Money Manager Fund – Super Plan and JM Arbitrage Advantage Fund:

For investments of any amount through whatever mode of transactions, if redeemed / switched-out within 30 days of transfer/allotment of units in normal transactions / allotment of units of respective installments in SIP/STP/SWP transactions.

The exit load charge for JM Money Manager Fund – Super Plan will be 0.10% and 0.50% for JM Arbitrage Advantage Fund.

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