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JM Mutual Fund removes Exit Load under Equity Schemes

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JM Mutual Fund has announced that with effect from April 1, 2011 there will be no exit load under all equity schemes (except JM Core 11 Fund- Series 1, JM Arbitrage Advantage Fund, JM Nifty Plus Fund and JM Tax Gain Fund.

Further, it also announced that default investment option under JM Interval Fund- Quarterly Plan 1 will be Dividend Payout option with effect from April 1, 2011.