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JM Financial Mutual Fund Announces Dividends

JM Financial Mutual Fund has declared dividend in two of its schemes under its dividend option.

JM Arbitrage Advantage Fund, under its dividend plan, has declared dividend of 2.20% on the face value. This is the seventh dividend declaration since the fund’s inception. The current NAV of the scheme is Rs 10.30 as on June 13, 2008.

JM Equity & Derivative Fund has declared dividend at 2.50% on the face value under its dividend option. Since the inception of the fund , it is the thirteenth dividend declared and the current NAV of the scheme is Rs 10.34 as on June 13, 2008.

The record date for the dividend is fixed as June 20, 2008.