Widely read:
JM Mutual has revised the load structure under the JM Equity Fund, JM Emerging Leader Fund, JM Balanced Fund, JM Auto Sector, JM Healthcare Sector Fund, JM Basic Fund, JM HI FI Fund, JM Equity Tax Saver Fund - Series I, JM Financial Service Sector Fund, JM Telecom Sector Fund and JM Small & Mid Cap Fund with effect from September 24, 2007. For all the above plans, the fund would charge an entry load of 2.25% for all the investment less than Rs 3 crores. An exit load of 0.50% would be charged for investment less than Rs 3 crores if redeemed within 182 days from the date of allotment and 0.50% would be charged for all investments of Rs 3 crores and above if redeemed within 91days from the date of allotment.
And,effective September 24, 2007, JM Contra Fund would charge an entry load of 2.25% for investment less than Rs 3 crores. An exit load of 0.50% would be charged for the investment less than 3 crores if redeemed within 182 days from the date of allotment and 0.50% would be charged for investments of Rs 3 crores and above if redeemed within 91 days from the date of allotment.
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