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JM Mutual Proposes to Convert Money Manager Fund into a Debt Fund

From 9th July 2007 onwards, JM Financial Mutual Fund proposes to convert its Liquid Fund- JM Money Manager Fund into a Debt-Oriented Fund.

After the proposed conversion, the fund would invest its entire stake in debt and money market instruments and the minimum subscription amount for the fund would be Rs.5000. Also, an additional weekly and fortnightly option would be introduced under all its three plans.

Except from the above mentioned features, all others features remains unchanged.