Translate

Follow by Email

Google update

Loading...

Tuesday, March 22, 2011

Merger of various equity schemes: JM Financial Mutual Fund


JM Financial Mutual Fund has decided to do following Mergers in various equity schemes, the details are as follows:

  • Merger of JM Agri & Infra Fund and JM Hi Fi Fund into JM Basic Fund 
  • Merger of JM Financial Services Sector Fund, JM Large Cap Fund and JM Telecom Sector Fund into JM Equity Fund. 
  • Merger of JM Contra Fund, JM Mid Cap Fund and JM Small & Mid Cap Fund into JM Multi Strategy Fund. 

Investors, who do not agree with the revision, have an option to redeem or switch their units between March 3, 2011 and April 1, 2011, without paying any exit load.

Investors, who do not redeem or switch out, the current value of their holding as on April 1, 2011 will be converted into units of respective scheme, by allotting units at the applicable NAV as on April 2, 2011.

3 comments:

  1. If we observe the return of the equity oriented mutual fund schemes – both the existing ones, as well as those which are going to be merged; they have disappointed you investors as exhibited in the table above. In fact most of them over a 3-Yr time frame have eroded wealth for you investors. Even if we assess the returns since inception the picture isn’t any different, as most of them have yielded negative returns. Moreover when compared to the broader indices, the returns of the respective funds look absolutely dismaying.

    ReplyDelete
  2. where does the jm contra fund gone

    ReplyDelete

Blog Archive

Popular Posts (all time)

My Blog List