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JM Core 11 Fund- Series 1 turns open-ended

JM Financial Mutual Fund has announced conversion of JM Core 11 Fund- Series 1, a 3 year close-ended scheme into an open-ended one, with effect from March 5, 2011.

Investors who have no objection to the proposed conversion and wish to continue can do so by filling in the approval slip and submitting the same at any of the investor service centers or official points of acceptance designated by the Mutual Fund. However, investors who want to exit from the scheme can redeem their units between February 3, 2011 to March 4, 2011 without paying any exit load.