MUTUAL FUNDS
JM Financial Mutual Fund files offers document for Balanced Advantage Fund
Aug-17-2022
JM Financial Mutual Fund has filed offer document with SEBI to launch open-ended dynamic asset allocation fund named ‘JM Balanced Advantage Fund‘. The New Fund Offer price is Rs 10. Entry load and Exit load will be NIL If units purchased or switched inform another scheme of the Fund are redeemed or switched out up to 10% of the units (the limit) purchased or switched on or before 1 year from the date of allotment; it will be 1% of the applicable NAV if units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit on or before1yearfrom the date of allotment; and NIL if units purchased or switched inform  another scheme of the Fund are redeemed or switched out after 1year from the date of allotment. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by NIFTY 50 Hybrid Composite debt 50:50 Index.The minimum application amount is Rs 5000 and in multiples of Re1 thereafter.

The investment objective of the scheme is to provide long term capital appreciation / income from a dynamic mix of equity and debt investments. However, there can be no assurance that the investment objective of the Scheme will be realized.

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