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JM Financial Mutual Fund has appointed Mr. Vikas Agrawal as the new fund manager of JM Money Manager Fund-Super Plus Plan. Earlier, the scheme was managed by Ms. Shalini Tibrewala.
The fund house has also changed the exit load of all equity schemes of JM Financial Mutual Fund except (JM Arbitrage Advantage Fund and JM Tax Gain Fund). The revised exit load will be 1 per cent for redemption within 3 months of allotment, against the previous 1 per cent for redemption within 365 days.
The above mentioned changes will be effective from September 24, 2014.