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04-03-2023 11:55 AM | Source: Accord Fintech
JM Financial AMC announces change in benchmark
News By Tags | #5073 #7828 #392

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JM Financial Asset Management (AMC) has addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Certain Debt Schemes of JM Financial Mutual Fund (MF).

JM Financial MF (Mutual Fund) has informed that due to the change in the names of the indices by CRISIL, the benchmarks of the following debt Schemes of the MF are being renamed as under:

The Existing Index name of JM Medium to Long Duration Fund (the scheme) is CRISIL Medium to Long Duration Fund BIII Index, while the Revised Index name will be CRISIL Medium to Long Duration Debt B-III Index; JM Overnight Fund the Existing Index name is CRISIL Overnight Fund AI Index, while Revised Index name will be CRISIL Liquid Overnight Index; JM Short Duration Fund the Existing Index name is CRISIL Short Duration Fund BII Index, while Revised Index name will be CRISIL Short Duration Debt B-II Index; JM Dynamic Bond Fund the Existing Index name is CRISIL Dynamic Bond Fund BIII Index, while the  Revised Index name will be CRISIL Dynamic Bond B-III Index; JM Low Duration Fund the Existing Index name is CRISIL Low Duration Fund BI Index, while the Revised Index name will be CRISIL Low Duration Debt B-I Index and JM Liquid Fund the Existing Index name is CRISIL Liquid Fund BI Index, while the Revised Index name will be CRISIL Liquid Debt B-I Index.

This Notice-cum-Addendum forms an integral part of SID and KIM of the Schemes of the Mutual Fund, as amended from time to time. All the other terms and conditions of SID and KIM of the Schemes of the Mutual Fund will remain unchanged.