The exit load applicable under JM Income Fund has been revised to 1% for investments of upto Rs. 1 crore, if redeemed within 365 days. The change is applicable with effect from January 07, 2009. No entry load is chargeable under the scheme.
Earlier, an exit load of 0.40% was applicable for investments of upto Rs. 5 lakhs, if redeemed within 90 days.