JM Financial Mutual Fund has announced 19 December 2011 as the record date for declaration of dividend in the dividend option of JM Interval Fund-Quarterly Plan 1. The quantum of dividend will be realised appreciation in the NAV of the plan/option till the record date. The scheme recorded NAV of Rs 10.2001 per unit under regular plan dividend option and Rs 10.2061 per unit under institutional plan dividend option as on 13 December 2011. Specified Transaction Period (STP) of JM Interval Fund-Quarterly Plan 1: The next STP is from 15 December to 19 December 2011. Further in respect of valid application (purchase/switch-in received during STP) for an amount equal to or more than Rs 1 crore, the applicable NAV will be as per provisions of Sebi circular dated 26 November 2010 on uniform cut-off timings for applicability of NAV.
Minimum investment amount during STP shall be Rs 5000 under the retail plan and Rs 5 lakh under the institutional plan and further any amount thereafter. Further, the investment by existing investors of the scheme may make additional investment of Rs 1000 and any amount thereafter. However, there is no upper limit for investment.
JM Interval Fund-Quarterly Plan 1 is a debt oriented interval fund. The investment objective of the scheme and the plans launched there under is to seek to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the respective plans
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