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JM Emerging Leaders Fund

JN Financial Mutual Fund is set to launch JM Emerging Leaders Fund. The equity fund will invest in companies operating in the emerging sectors of the economy, and the companies, which have the potential to emerge as future leaders. The fund will be positioned as an aggressive diversified equity fund.

It will open for initial subscription from June 16 to July 04, 2005, during which the fund will not charge any entry load. However, for investments of less than or equal to Rs 25 lakh, redemption/switch before 100 days from the date of allotment will attract an exit load of 2.25 per cent, while for investments above Rs 25 lakh and less than Rs 2 crore, the same will be 1 per cent. No exit load will be charged for investments equal to or more than Rs 2 crore.

After the initial subscription period, an entry load of 2.25 per cent will be levied for investments below Rs 2 crore, while no entry load will be charged for investments equal to or greater than Rs 2 crore. Exit load on these investments will be nil.