JM Mutual Fund has revised the load structure for its three existing schemes w.e.f. July 1, 2002.
In JM Income Fund Income-Growth plan, the exit load has been extended to its Bonus option variant and the proposed load structure would be 0.40 percent on NAV on investments upto Rs. 5 lacs, if the investments are redeemed within 90 days from the date of purchase.
JM Basic, a specialty equity fund has slashed the entry load to half- from 3 percent to 1.5 percent. In another scheme, JM Equity Fund, no exit load would be charged against the earlier 0.75 percent for redemption within 60 days.
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