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JM Prepones Launch of its New FMP


JM Mutual Fund has preponed the launch of JM Fixed Maturity Plan (Quarterly Option) by a week. Instead of July 4, this new fund's initial offer will open on June 28, 2004 and will close on the same day. The purchase/repurchase of the units on an ongoing basis will commence from June 29,2004.

Also, the yearly option of JM FMP's IPO will now open on June 29, 2004 instead of June 30 as envisaged earlier. Thus, the purchase/repurchase of the units will commence from June 30, 2004 i.e immediately after the closing date.