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JM Income Fund Launches Serial Plan D

JM Income fund has launched its serial Plan D. The fund's IPO opened for subscription on December 12 and will close on December 21, 2001. There will be no load during the initial offer period of the plan. The fund will mature on December 22, 2002. The corpus will be invested predominantly in those securities maturing within the maturity date of the plan. As the plan has been introduced as an open-ended fund, it will be available on NAV based price from December 22, 2001. However, the trustees reserve the right to introduce entry / exit load or a combination of both from any prospective date. Investors have the liberty to choose between dividend and growth options. The minimum application size is of Rs 1 crore and in multiples of Rs 1 lakh thereafter.