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JM Financial Asset Management (AMC) has announced addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM) and Statement of Additional Information (SAI) of all the scheme of JM Financial Mutual Fund (MF).

JM Financial MF has informed that in terms of SEBI circular no. SEBI/HO/IMD/IMD-IDOF1/P/ CIR/2022/132 dated September 30, 2022, Two Factor Authentication for subscription in units of Mutual Funds has been implemented to safeguard the interests of unitholders.

a) Unitholders shall have two options to authenticate subscription and redemption transactions by using: Two-Factor Authentication (for online transactions) or Signature method (for offline transactions).  b) If the unitholder does: i) a non-demat transaction, the Two-way Authentication shall be One-Time Password which will be sent to the unitholder at his/her email/phone number registered with the AMC/RTA. ii) a demat transaction, the Two-Way authentication process laid down by the Depositories has to be followed.  In case of mandates/ systematic transactions, the requirement of Two-Factor Authentication shall be applicable only at the time of registration of mandates/ systematic transactions.

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