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JM Healthcare Sector Fund: Change in Name and other Fundamental Attributes


JM Financial MF has notified that effective April 16, 2009, JM Healthcare Sector Fund (an open ended sector fund) shall be renamed as JM Large Cap Fund (an open ended equity fund). Consequently, the revised fundamental attributes of the fund shall be as follows:



Investment Objective To generate returns by investing atleast 65 percent of the corpus in the Top 100 companies (by market capitalization) of National Stock Exchange.
Asset Allocation Minimum 65 percent in equity and equity related instruments and the balance in debt / money market instruments.
Benchmark S&P CNX Nifty
Fund Manager Mr. Sanjay Chabaria

The change being fundamental in nature, requires that the investors be given an option to exit the scheme without any exit load for 1 month. Accordingly, the existing investors in the aforesaid scheme can exit at anytime between March 16, 2009 and April 15, 2009 (both days inclusive) without being charged any exit load.