JM Financial MF launches 367 Days Fixed Maturity Plan

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JM Financial MF launches 367 Days FMP
JM Financial Mutual Fund unveils a new fund named as JM Fixed Maturity Fund - Series XX - Plan B on September 7, 2011. It"s a close-ended income scheme.
The scheme is coming with the duration of 367 days from the date of allotment.

Investment objective:
The investment objective of the plan is to generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the plan.

Allocation of funds:
The scheme would allocate upto 100% of assets in Government securities, debt and money market securities (including fixed income derivatives) with medium risk profile. The cumulative gross exposure through debt and derivatives will not exceed 100% of the net assets of the scheme.

Basic Details:
NFO Opens: September 7, 2011
NFO Closes: September 20, 2011
NFO Price: Rs.10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Benchmark: Crisil Short Term Bond Index
Listing: National Stock Exchange
Exit Load: Nil
Fund Manager: Ms. Shalini Tibrewala

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Read more about: mutual funds, nfo, fmp, jm financial, nse
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