JM Mutual Fund is launching another fixed maturity plan: JM Fixed Maturity Fund Series III. The scheme will launch 3 Monthly Plans, 5 Quarterly Plans and 1 Yearly Plan. The duration of the monthly plan would be 31 days, 91 days for the Quarterly Plan and 375 days for the Yearly Plan.
The NFO period for JM FMF Series III Quarterly 1 would begin on July 25, 2006 and end on July 26, 2006. The quarterly plan would invest atleast 65 per cent of its assets in short-term debt securities and money market instruments. It would not charge any entry load but an exit load of 1 per cent would be charged.