Religare MF reduces minimum investment amount

JM Mutual Fund starts charging exit load in Equity Fund & Multi Strategy Fund

Mumbai: JM Financial Mutual Fund has revised the exit load structure under JM Equity Fund & JM Multi Strategy Fund. After the revision, both schemes will charge 1 per cent as exit load, if units are redeemed within 365 days from date of allotment with effect from August 1, 2011.

Currently, scheme does not charge any exit load. JM Equity Fund and JM Multi Strategy Fund are open ended equity schemes and benchmarked against BSE Sensex and BSE 500 respectively.  Both the schemes are managed Sanjay Chhabaria.