JM Financial MF has notified the following changes in the load structure of its schemes :
SIP under all equity schemes :
Entry load : 2.25%.
Exit load : 1% if redeemed within 1 year.
In case of STP, entry load will be NIL, but exit load of 2.50% shall be charged if redemption is made within 2 years.
JM Multi Strategy Fund :
Entry load : 2.25% for investments less than Rs. 3 crores.
Exit load : 1% if redeemed within 1 year for investments less than Rs. 3 crores; 0.50% if redeemed within 3 months for investments more than or equal to Rs. 3 crores.
The changes are effective from October 03, 2008.
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