JM Agri & Infra Fund

JM Mutual Fund has launched a new fund closed ended fund called JM Agri & Infra Fund. The primary investment objective of the scheme is to seek capital appreciation by investing predominantly in equity / equity related instruments of companies that focus on agriculture and infrastructure development of India.

It will have an exposure between 65-100% in Equity and equity related securities of industries in the Agri & Infra Sector while 0-35% will be invested in Money Market Instruments / Debt (including securitized debt).


Scheme Details
Issue Opens: November 19, 2007
Issue Closes: December 18, 2007
Options : Dividend and Growth
Fund Category: Closed-end, Equity Scheme
Minimum Investment: Rs 5000 and Rs 1000 for additional purchases
Entry Load: During New Fund Offer Period there will be no entry load as close ended schemes are not permitted to charge entry load
Exit Load : For ongoing redemptions/switch out after three months from the date of allotment, the exit load till maturity of the scheme will be Nil. However, at the time of redemption, the unitholders will be charged the balance proportionate unamortized initial issue expenses applicable to their investments.

Entry / Exit Load on an ongoing basis after the conversion of Scheme into an open-ended Scheme:

Entry Load :
(i) In respect of each purchase / switch-in of units less than Rs. 3 crores in value: 2.25%;
(ii) In respect of each purchase / switching of units equal to or greater than Rs. 3 crores in value: Nil;
Investments made through Systematic Investment Plan (“SIP”): Nil

Exit Load : Nil. However, investments made through SIP will attract 2.25% if redeemed within 1 year of allotment / transfer of units from the respective instalment.