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New FMP from JM Mutual Fund

JM Mutual Fund has announced the NFO of its new FMP- JM Fixed Maturity Fund- Series IV-Yearly Plan. The fund will remain open for subscription from 21st March to 22nd March, 2007.

Being a close-ended income fund, the allocation of the fund would be centered around short term debt securities, money market securities and government securities. The fund offers two options- Growth and Dividend and the minimum investment amount for them is Rs 5000. The fund charges an exit load of 1.50 per cent.