JM Financial MF has notified that effective May 23, 2009, JM Auto Sector Fund (an open ended sector fund) shall be renamed as JM Mid Cap Fund (an open ended equity fund). Consequently, the revised fundamental attributes of the fund shall be as follows:
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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 April 23, 2009 and May 22, 2009 (both days inclusive) without being charged any exit load.
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