This product is suitable for investors who are seeking* :
- Regular Income over Medium to Long Term.
- Investment in Debt and Money Market securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
To generate stable long term returns with low risk strategy and capital appriciation / accretion through investment in debt instruments and related securities besides prevention of capital.
||1st April, 1995|
|Type of Scheme
||An open-ended income scheme|
||Quarterly Dividend Option (Payout & Reinvestment Option), Growth Option, Bonus Option (Principal Units), (Direct) Quarterly Dividend Option (Payout & Reinvestment Option), (Direct) Growth Option & (Direct) Bonus Option (Principal & Bonus units)|
||JM Income Fund will seek to invest in high quality debt and money market instruments. The fund aims to identify securities, which offer superior levels of yield at lower levels of risks. With the aim of controlling risks, rigorous in depth credit evaluation of the securities proposed to be invested in will be carried out by the investment team of the AMC. Rated Debt instruments in which the Scheme invests will be of investment grade as rated by a credit rating agency. The AMC will be guided by the ratings of Rating Agencies such as CRISIL, CARE, ICRA and Duff and Phelps Credit Rating India Limited or any other rating agencies that may be registered with SEBI from time to time. In case a debt instrument is not rated, necessary clearance of the Committee/ Board as per requirements of Regulations/Guidelines /Circulars will be obtained for such an investment. The Scheme may also use various derivatives and hedging products from time to time, as would be available and permitted by SEBI, in an attempt to protect the value of the portfolio and enhance Unitholders’ interest. The Scheme may invest in other debt Schemes managed by the AMC or in the debt Schemes of any other Mutual Funds, provided it is in conformity to the investment objectives of the Scheme and in terms of the prevailing Regulations. As per the Regulations, no investment management fees will be charged for such investments and the aggregate inter Scheme investment made by all Schemes of JM Financial Mutual Fund or in the Schemes under the management of other asset management companies shall not exceed 5% of the net asset value of JM Financial Mutual Fund. |
|Minimum Application Amount/Number of Units
||Purchase : Rs. 5,000/- or any amount thereafter|
Additional Purchase : Rs. 1,000/- or any amount thereafter
Repurchase : Minimum redemption from existing Unit Accounts for normal transactions other than through STP/SWP would be a) Rs. 500 and any amount thereafter OR b) 50 units or any number of units there after subject to keeping a minimum balance of 500 units or Rs. 5000/- whichever is less. 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 on the day of submission of valid redemption request.
|SIP / STP / SWP Option
||CRISIL Composite Bond Fund Index (CCBFI)|
||Provisions applicable to debt schemes. For more information, click here|
|Plans / Options||Latest NAV (Rs.)|
|Dividend Option||15.1130 (21 Oct 2016) |
|Growth Option||44.4492 (21 Oct 2016) |
|(Direct) Dividend Option||16.1814 (21 Oct 2016) |
|(Direct) Growth Option||46.1636 (21 Oct 2016) |
|(Direct) Bonus Option - Principal Units||19.7560 (21 Oct 2016) |
|Bonus Option - Principal Units||18.1855 (21 Oct 2016) |
Purchase and redemption of Units at NAV based prices on all Business Days. It will be our endeavour to dispatch redemption proceeds at T+2 working days. However, as per regulations, the Fund is required to dispatch redemption proceeds within 10 Business days of receiving valid redemption request
(Total 10 years of experience in fixed income market).
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