This document provides information on various mutual fund schemes offered by JM Financial including open-ended equity, balanced, income, liquid and gilt schemes. It outlines the minimum investment amounts for purchase and additional purchase. For redemptions, it mentions the minimum amounts that can be redeemed and the default plans and options that will apply if not specified by the investor. The sponsor is JM Financial Ltd and the investment manager is JM Financial Asset Management Private Limited.
Alex Navab - Overview of Private EquityAlyson Davis
Alex Navab, Member & Co-Head of North American Private Equity and Head of Media and Communications Team at KKR, gives us an overview of private equity.
How to pick best mutual fund | Things to be checked before buying any mutual ...Nimish Maheshwari
Understand this PPT : https://youtu.be/uMVI5r32WYQ
This presentation answers all the questions related to things to be checked before buying any mutual funds, what are the basic things you should learn befor investing in any mutual fund.
For detailed explanation on this slide you can also watch our video on that - https://www.youtube.com/watch?v=uMVI5r32WYQ&list=PL74sgxQAJrUV4-vo8bzmtqiKWTkDusWeL&index=2
Alex Navab - Overview of Private EquityAlyson Davis
Alex Navab, Member & Co-Head of North American Private Equity and Head of Media and Communications Team at KKR, gives us an overview of private equity.
How to pick best mutual fund | Things to be checked before buying any mutual ...Nimish Maheshwari
Understand this PPT : https://youtu.be/uMVI5r32WYQ
This presentation answers all the questions related to things to be checked before buying any mutual funds, what are the basic things you should learn befor investing in any mutual fund.
For detailed explanation on this slide you can also watch our video on that - https://www.youtube.com/watch?v=uMVI5r32WYQ&list=PL74sgxQAJrUV4-vo8bzmtqiKWTkDusWeL&index=2
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
1. Trust is always the answer
Key Information Memorandum & Common Application Form
Offer of units for subscription at Net Asset Value (NAV) based prices
(Subject to prevailing load structure)
OPEN-ENDED GROWTH SCHEMES JM ARBITRAGE ADVANTAGE FUND
JM EMERGING LEADERS FUND JM INTERVAL FUND
JM CORE 11 FUND OPEN-ENDED INCOME SCHEME
JM EQUITY FUND JM FLOATER FUND - LONG TERM PLAN
JM MULTI STRATEGY FUND JM INCOME FUND
JM NIFTY PLUS FUND JM MIP FUND (An open-ended monthly income fund with no assured return)
OPEN-ENDED SECTOR EQUITY SCHEMES JM MONEY MANAGER FUND
JM BASIC FUND JM SHORT TERM FUND
OPEN-ENDED EQUITY LINKED SAVINGS SCHEME OPEN-ENDED LIQUID SCHEMES
JM TAX GAIN FUND JM FLOATER FUND - SHORT TERM PLAN
OPEN-ENDED BALANCED SCHEME JM HIGH LIQUIDITY FUND
JM BALANCED FUND OPEN-ENDED GILT SCHEME
OPEN-ENDED EQUITY ORIENTED INTERVAL FUND JM G-SEC FUND
SPONSOR: JM Financial Ltd. TRUSTEE: JM Financial Trustee Company Private Limited REGISTRAR: Karvy Computershare Private Limited.
INVESTMENT MANAGER: JM Financial Asset Management Private Limited, 502, 5th Floor, A Wing, Laxmi Towers, Badra - Kurla Complex, Mumbai – 400 051.
Tel. : (022) 3987 7777 Fax : (022) 2652 8388 Website: www.jmfinancialmf.com E-mail: investor@jmfinancial.in
This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/Mutual Fund, due diligence certificate by
the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations, associate transactions etc. investors should, before investment, refer to the Scheme Information
Document (SID) available free of cost at any of the Investor Service Centres or distributors or from the website www.JMFinancialmf.com
The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and
Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.
The date of this Key Information Memorandum is April 27th, 2011.
JM SCHEMES RECKONER
MINIMUM CRITERIA FOR INVESTMENT & REDEMPTION Currently available facilities Default
Purchase : As mentioned in the reckoner table for normal transactions other than through SIP/STP. Sr.
Schemes Min. invest- Default Default Sub Redemption
no. Plans Options Sub Options Default Plan
Additional Purchase : Rs. 1,000/- or any amount thereafter in all schemes except JM Tax Gain Fund. In case of JM Tax Gain Fund, additional ment amt. Option Option Time#
purchase is in multiples of Rs. 500/- each. Payout / Dividend
JM G Sec Regular Dividend T+2 Business
3 Rs. 5000/ Reinvestment - Growth Reinvest-
Repurchase : Minimum redemption from existing Unit Accounts for normal transactions other than through STP/SWP would be Fund Plan Days
Growth ment
a) Rs. 500 and any amount thereafter OR
Auto If investment
b) 50 units or any number of units thereafter subject to keeping a minimum balance of 500 units or Rs. 5000/- whichever is Daily Dividend
Reinvestment amt is < Rs.
less. Weekly Dividend 1 crore then
Payout / Regular; If Auto
c) for all the units in the folio for the respective plan if the available balance is less than Rs. 500/- or less than 50 units Rs. 5000/-
Regular Quarterly Dividend investment Daily
Reinvest-
Plan Reinvestment Dividend
on the day of submission of valid redemption request. Annual Dividend amount is ment
equal to or
Reckoner and Default Options:In case an investor fails to specify his preference of Plans/Sub- Plans/Options/Sub-Options, in Growth more than Rs.
the below mentioned schemes, the default Plans/Sub-Plans/Options/Sub-Options for purchase transactions would be as under : 1 crore but
Bonus
less than Rs.
EQUITY SCHEMES Daily Dividend
Auto 5 crores then
Reinvestment Institutional
JM High Plan. If invest-
Currently available facilities Default Payout /
ment amount T+1 Business
Sr. 4 Liquidity Weekly Dividend
Schemes Reinvestment Days
Min. investment Default Default Sub Redemption Fund is equal to Auto
no. Options Sub Options Rs. Institutional Growth Daily
or more than Reinvest-
amt. Option Option Time# 1,00,00,000/- Plan Dividend
Rs. 5 crores ment
JM Arbitrage Advan- Dividend Payout / Reinvestment T+3(*) Business then Super
1 Rs. 5000/- Growth Reinvestment Institutional
tage Fund Growth Days Bonus
Plan
Dividend Payout / Reinvestment -
2 JM Balanced Fund Rs. 5000/- Growth Reinvestment T+3 Business Days
Growth Auto
Daily Dividend
Reinvestment
Dividend Payout / Reinvestment Super Auto
3 JM Basic Fund Rs. 5000/- Growth Reinvestment T+3 Business Days Rs. Daily
Institutional Payout / Reinvest-
Growth 5,00,00,000/-
Plan
Weekly Dividend
Reinvestment
Dividend
ment
JM Emerging Leaders Dividend Payout / Reinvestment Growth
4 Rs. 5000/- Growth Reinvestment T+3 Business Days
Fund Growth
JM Payout / Dividend
Dividend T+2 Business
Dividend Payout / Reinvestment 5 Income Rs. 5000/- - Reinvestment Growth Reinvest-
5 JM Equity Fund Rs. 5000/- Growth Reinvestment T+3 Business Days Fund ment Days
Growth Growth
Dividend Payout / Reinvestment Dividend / Daily
Auto Auto
6 JM Multi Strategy Fund Rs. 5000/- Growth Reinvestment T+3 Business Days Regular Dividend / Weekly Daily
Growth Reinvestment Reinvest-
Plan Dividend Dividend
ment
Dividend Payout / Reinvestment JM Floater Growth
7 JM Nifty Plus Fund Rs. 5000/- Growth Reinvestment T+3 Business Days Fund - T+1 Business
Growth 6
Long Term
Rs. 5000/- Daily Dividend / Auto Premium Plan
Weekly Dividend Reinvestment Days
Rs. 500/- or in Dividend Payout Plan Auto
Premium Daily
8 JM Tax Gain Fund multiple of Rs. Growth Payout T+3 Business Days Payout / Reinvest-
Growth Plan Fortnightly Dividend Dividend
Reinvestment ment
500/- each
Growth
Dividend Payout / Reinvestment
9 JM Core 11 Fund Rs. 5000/- Growth Payout T+3 Business Days Monthly Dividend/
Growth Payout /
JM MIP Quarterly Dividend/ Monthly T+2 Business
7 Rs. 5,000/- - Reinvestment - Payout
Fund Annual Dividend Dividend Days
DEBT & LIQUID SCHEMES Growth
Payout /
Currently available facilities Default Fortnightly Dividend
Reinvestment
Sr. Regular
Schemes Rs. 5000/
no. Min. invest- Default Default Sub Redemption Plan Daily Dividend Reinvestment If investment
Plans Options Sub Options Default Plan Dividend
ment amt. Option Option Time# amt is < Rs.
JM Short Growth Growth Reinvest- T+1 Business
Daily Dividend 8 1 lac then
Term Fund Payout / ment Days
Auto Fortnightly Dividend Regular, else
Regular Weekly Dividend Reinvestment Institutional
Reinvestment Institutional
Plan Rs. 100000/
Fortnightly Dividend Plan Daily Dividend Reinvestment
Growth Growth
Daily Dividend
JM Money Weekly Dividend
Auto Auto * The redemption shall be in terms of Interval Period defined hereinbelow. # AMC would adhere to the aforesaid service
Reinvestment Super Plus Daily T+1 Business standards for redemption payments on best efforts basis under normal circumstances subject to the overall 10 business
1 Manager Rs. 5000/- Super Plan Reinvest-
Fortnightly Dividend Plan Dividend Days days as stipulated by SEBI.
Fund ment
Growth In case, the investor does not mention the name of Plan/Options/Sub-Options/or wherever there is an ambiguity in choice of
Daily Dividend Plan/Option/Sub-Option opted for, the AMC/Registrar will allot the units as per default Plans/Options/Sub-Options. In case,
Auto it is not possible to decide about the default Plans/Options/Sub-Options, then the application will be treated as invalid and
Super Plus Weekly Dividend Reinvestment summarily rejected.
Plan Fortnightly Dividend
Note: Dividend shall be declared at the descretion of the Trustee subject to the availability of distributable profits as compiled
Growth in accordance with SEBI (MF) Regulations, 1996.
JM Floater Auto No dividend under Dividend Plan shall be distributed in cash even for those unitholders who have opted for payout where
Auto Daily
Fund - Daily Dividend - Reinvest- T+1 Business such dividend on a single payout is less than Rs.100/-. Consequently, such dividend (less than Rs.100/-) shall be compulsorily
2 Rs. 5000/- Reinvestment Dividend
Short Term ment Days re-invested except under JM Tax Gain Fund as there is no dividend reinvestment option under the scheme.
Plan Growth
2. Trust is always the answer
HIGHLIGHTS OF THE SCHEME(S)
Name(s) of the Scheme(s) JM Equity Fund JM Emerging Leaders Fund JM Multi Strategy Fund
Type of Scheme An open-ended growth scheme An open-ended equity oriented growth scheme An open ended equity oriented scheme
Investment Objective To provide optimum Capital growth and appreciation. To seek long term capital appreciation from investment in a portfolio of stocks To provide capital appreciation by investing in equity and equity related securities using
across all market capitalization range. The portfolio may include those companies
However, there can be no assurance that the investment objectives of operating in emerging sectors of the economy or companies which exhibit potential a combination of strategies
the Scheme will be realized. The Scheme does not guarantee/indicate any to become leaders of tomorrow.
returns.
However, there can be no assurance that the investment objectives of the Scheme
will be realized. The Scheme does not guarantee/indicate any returns.
Investment Strategy JM Equity Fund seeks to invest a substantial portion of its portfolio in equity Under normal circumstances, the corpus would be invested in equities and equity The Scheme proposes to invest primarily in equities and equity related securities using
and equity related instruments. Under normal circumstances, around 80% oriented securities of companies across all sectors and market cap range.The a combination of strategies. Depending on the prevailing market conditions, the Scheme
of the corpus shall be deployed in such securities and the balance in debt/ Scheme’s investment strategy would be to utilize the extensive research resources will either adopt the growth or value style of investing. During benign market conditions,
money market instruments. However, whenever the valuations of securities to identify stocks across market capitalizations and across sectors. The investment the Scheme will act like an aggressive growth fund with a concentrated portfolio of say
rise in a sharp manner, the AMC will take advantage of trading opportunities universe of this Scheme shall comprise of stocks from all market capitalisation 25 – 30 stocks with a targeted portfolio beta of greater than 1 whereas in a bearish
presented and in such a scenario, the Fund will have a high turnover rate. range viz., large cap, mid cap and small cap as defined which may be across all market the Scheme will have a low volatility conservative portfolio of larger number of
sectors. The fund will seek to use predominantly a bottom-up research approach stocks in the range of 40 to 60 stocks with a targeted portfolio beta of less than 1.
to select stocks in the emerging sectors of the economy and companies which
have the potential to become tomorrow’s leaders. The Scheme could also invest
in stocks that attract a low Price-Earnings multiple relative to peers in the same
sector and have the potential to deserve a higher multiple due to structural changes
in business environment.
The Scheme could have a high portfolio turnover ratio and is suitable for investors
having a reasonably longer investment horizon.
Asset Allocation Pattern of Type of Instruments Normal Allocation Risk Type of Instruments Normal Allocation Risk Profile
the Scheme Type of Instruments Normal Allocation
(% of net assets) Profile (% of net assets) Risk Profile
(% of net assets)
Equity 80% to 100% High Equity & equity related instruments** 80% to 100% Medium to High Equity & equity related instruments (including Medium to
65% to 100%
Money market instruments / Debt* 0% to 20% Low to Medium equity derivatives)** High
Debt, Money market and short term Low
0% to 20% Money market instruments / debt securities Low to
debt inst maturing within one year **The notional value of derivatives shall not exceed the AUM of the scheme. 0% to 35%
(including securitized debt* to the extent of 20%) Medium
The notional value of derivatives shall not exceed the AUM of the scheme. * including securitized debt upto a maximum of 20% of net assets of this scheme. For
short term period on defensive consideration the scheme may invest upto 100% **The notional value of derivatives shall not exceed the AUM of the scheme.
of the funds available in overnight interbank call/notice money and/or repos, the * excluding foreign securitized debt.
primary motive being to protect the Net Asset Value of the Scheme and protect The AMC intends to invest in derivative instruments in accordance with the SEBI
unitholders interest so also to earn reasonable returns on liquid funds maintained Regulations, as and when opportunities arise in the derivatives markets. The investment
for redemption/ repurchase of units. in derivatives will be broadly in line with the investment objective of the Scheme.
Risk Profile of the Scheme Mutual Fund Units involve investment risks including the possible loss of Mutual Fund Units involve investment risks including the possible loss of principal. Mutual Fund Units involve investment risks including the possible loss of principal. Please
principal. Please read the SID carefully for details on risk factors before Please read the SID carefully for details on risk factors before investment. read the SID carefully for details on risk factors before investment.
investment.
Plans and Options Dividend (Payout & Reinvestment option) & Growth Dividend (Payout & Reinvestment option) & Growth Dividend Plan (Payout & Reinvestment option) & Growth Plan
Applicable NAV Details are set out in subsequent pages. Details are set out in subsequent pages. Details are set out in subsequent pages.
Minimum Application Refer JM SCHEMES RECKONER on page 1 Refer JM SCHEMES RECKONER on page 1 Refer JM SCHEMES RECKONER on page 1
Amount / No. of Units
Dispatch of Repurchase / Details are set out in subsequent pages. Details are set out in subsequent pages. Details are set out in subsequent pages.
Redemption request
Benchmark Index BSE Sensex BSE 200 Index BSE 500 Index
Dividend Policy Details are set out in subsequent pages. Details are set out in subsequent pages. Details are set out in subsequent pages.
Name of the Fund Manager Sanjay Chhabaria Asit Bhandarkar Sanjay Chhabaria
Performance of the Scheme Compounded annualized returns (%) of Growth option as on March 31, 2011. Compounded annualized returns (%) of Growth option as on March 31, 2011. Compounded annualized returns (%) of Growth option as on March 31, 2011.
Compounded annualized
returns Returns 1 year 3 years 5 years Since inception* Returns Returns
1 year 3 years 5 years Since inception* 1 year Since inception*
JM Equity Fund 5.39 (2.43) 2.40 8.50 JM Emerging Leaders Fund JM Multi Strategy Fund
(7.97) (16.21) (9.95) (1.98) (5.57) 14.63
BSE 500 Index 7.48 15.35
BSE Sensex 10.94 7.52 11.50 11.80 BSE 200 Index 8.15 7.17 10.98 16.85
* Date of inception = Date of allotment i.e. 23.09.2008
* Date of inception = Date of allotment i.e. 01.04.1995 * Date of inception = Date of allotment i.e. 27.07.2005
Note: Compounded Annualised Growth Returns (CAGR) for period 1 year or more, with
Note: Compounded Annualised Growth Returns (CAGR) for period 1 year or Note: Compounded Annualised Growth Returns (CAGR) for period 1 year or more,
more, with reinvestment of dividends (if any). Past performance may or may with reinvestment of dividends (if any). Past performance may or may not be reinvestment of dividends (if any). Past performance may or may not be sustained in
sustained in future. future.
not be sustained in future.
100.00 150.00 100.00
JM Equity - Growth BSE Sensex JM Emerging Leaders Fund - Growth BSE200 JM Multi Strategy Fund - Growth BSE 500
80.00
100.00 80.00
60.00
60.00
Returns%
Returns%
40.00 50.00
Returns%
20.00 FY 08-09 40.00
FY 08-09 0.00
0.00 20.00
FY 10-11 FY 09-10 FY 07-08 FY 06-07 FY 10-11 FY 09-10 FY 07-08 FY 06-07
-20.00 -50.00
0.00
-40.00 FY 10-11 FY 09-10
-100.00 -20.00
-60.00
Entry Load NIL NIL NIL
Exit Load 1.00% of NAV on all investment (including SIP/ STP/ SWP) transactions, if 1.00% of NAV on all investment (including SIP/ STP/ SWP) transactions, if redeemed 1.00% of NAV on all investment (including SIP/ STP/ SWP) transactions, if redeemed
redeemed / switched-out within 365 days of transfer/ allotment of units in / switched-out within 365 days of transfer/ allotment of units in normal transactions/ / switched-out within 365 days of transfer/ allotment of units in normal transactions/
normal transactions/ allotment of units of respective installments in SIP/ STP/ allotment of units of respective installments in SIP/ STP/ SWP transactions. allotment of units of respective installments in SIP/ STP/ SWP transactions.
SWP transactions.
(ii) Recurring expenses First Rs.100 Next Rs.300 Next Rs. 300 For the Balance First Rs.100 Next Rs.300 Next Rs. 300 For the Balance
[% of Net Assets] First Rs. 100 Next Rs. 300 Next Rs. 300 For the Balance
crores crores crores Assets crores crores crores Assets
Crores Crores Crores Assets
2.50% 2.25% 2.00% 1. 75% 2.50% 2.25% 2.00% 1.75%
2.50% 2.25% 2.00% 1.75%
Actual Expenses for the period 1st April 2010 to 31st March 2011: 2.50% Actual Expenses for the period 1st April 2010 to 31st March 2011 : 2.38% Actual Expenses for the period 1st April 2010 to 31st March 2011 : 2.50%
No. of Folios as on 31.03.2011 10170 27882 7921
Quarterly Avg. AUM (In
28.13 140.43 21.73
Crores) - Jan 11 to Mar 11
HIGHLIGHTS OF THE SCHEME(S)
Name(s) of the Scheme(s) JM Core 11 Fund JM Nifty Plus Fund JM Basic Fund
Type of Scheme An open ended equity oriented scheme An open-ended equity oriented scheme An open-ended sector scheme
Investment Objective To provide long-term growth by investing predominantly in a concentrated To outperform the benchmark by predominantly investing in the constituents To its Unitholders through judicious deployment of the corpus of the Scheme in sectors
portfolio of equity / equity related instruments of companies. of S & P CNX Nifty in the same weightages as in its composition and through categorized under “basic industry” in the normal parlance and in context of the Indian
deployment of surplus cash in debt and money market instruments and derivative economy, including but not limited to, energy, petrochemicals, oil & gas, power
instruments. generation & distribution, electrical equipment suppliers, metals and building material.
However, there can be no assurance that the investment objective of the scheme The fund would continue to remain open-ended with a sector focus.
will be realized. The scheme does not guarantee/indicate any returns. However, there can be no assurance that the investment objectives of the Scheme will
be realized. The Scheme does not guarantee/indicate any returns.
Investment Strategy The Scheme will have a concentrated portfolio with not more than 11 stocks The JM Nifty Plus will be a fund, where the scheme will endeavor to provide Under normal circumstances, the corpus would be invested in equities and equity type
in the portfolio with each stock being invested to the extent of 9.09% of the returns better than the benchmark. Hence the Fund will at all times be deployed securities categorized under “basic industry” in the normal parlance and in context of
NAV of the Scheme. The portfolio will be rebalanced on a fortnightly basis so with a minimum of 65% and maximum upto 100% of the corpus into Nifty 50 the Indian economy, including but not limited to, energy, petrochemicals, oil & gas,
as to prevent any one stock going above the targeted concentration range. shares, in the same weightages as its composition thus maintaining the equity power generation & distribution and electrical equipment suppliers, metals and building
To prevent stagnancy of the portfolio, the portfolio will be reviewed on a status of the Fund. materials. The fund would continue to remin open-ended with a sector focus. Exposure
half yearly basis whereby some stocks would be replaced. Besides that in times when there are good investment opportunities, the following of investment in individual scrip if part of the Sectoral Index shall not be restricted to
strategies may be followed which will endeavor to provide additional returns : 10% of NAV as Clause 10 of Seventh Schedule of SEBI Regulations has clarified that
a) Arbitrage Opportunities the limit of 10 percent shall not be applicable for investments in index fund or sector
b) Ratio/Spread Trades. or industry specific scheme.
c) Option Strategies.
Asset Allocation Pattern of the Maximum
Type of Instruments Normal Allocation Security Risk Profile Type of Instruments Normal Allocation
Scheme Risk Profile Exposure (%) Risk Profile
(% of net assets) (% of net assets)
Equity stocks comprising the S&P CNX
Equity and equity related 65 - 100 High
65% to 100% Medium to High Nifty Index Equity & equity related
securities# Equity Derivatives 0 – 50 High instruments (including equity 80% to 100% High
Money Market Instruments derivatives)
0% to 35% Low to Medium Debt & Money Market Instruments
/ Debt 0 - 35 Low to Medium
(including securitised debt) Debt securities & Money market
The Scheme will not invest in securitized debt. 0% to 20% Low
instruments
The notional value of derivatives shall not exceed the AUM of the scheme.
# Exposure to derivatives would be capped at 50 % of equity portfolio of the Securitised Debt 0% to 20% Low
Scheme. The cumulative gross exposure through equity, debt and derivative
positions will not exceed 100% of the net assets of the Scheme. The Trustee
may, from time to time, pending deployment of funds of the Scheme in
securities in terms of the investment objective of the Scheme, invest the
funds of the Scheme in short-term deposits of scheduled commercial banks
in accordance with SEBI Circular No. SEBI/IMD/CIR No. 1/91171/07 dated
April 16, 2007, as amended.
Risk Profile of the Scheme Mutual Fund Units involve investment risks including the possible loss of Mutual Fund Units involve investment risks including the possible loss of principal. Mutual Fund Units involve investment risks including the possible loss of principal. Please
principal. Please read the SID carefully for details on risk factors before Please read the SID carefully for details on risk factors before investment. read the SID carefully for details on risk factors before investment.
investment.
Plans and Options Dividend Plan (Payout & Reinvestment option) & Growth Plan Dividend Plan (Payout & Reinvestment option) & Growth Plan. Dividend Plan (Payout & Reinvestment option) & Growth Plan
Applicable NAV Details are set out in subsequent pages. Details are set out in subsequent pages. Details are set out in subsequent pages.
Minimum Application Amount Refer JM SCHEMES RECKONER on page 1 Refer JM SCHEMES RECKONER on page 1 Refer JM SCHEMES RECKONER on page 1
/ No. of Units
Dispatch of Repurchase / Details are set out in subsequent pages. Details are set out in subsequent pages. Details are set out in subsequent pages.
Redemption request
w.e.f. November 1, 2010 , the benchmark index of JM Basic Fund has been changes
Benchmark Index BSE Sensex S&P CNX Nifty Index
to BSE 200 from BSE Basic Industries Index (Disclaimer Pls refer Pg no. 11.
2