JM Financial MF introduces Corporate Bond Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
JM Financial Mutual Fund (MF) has launched JM Corporate Bond Fund, an open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk. The NFO opens for subscription on March 06, 2023 and closes on March 20, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of any amount thereafter.
The performance of the scheme will be benchmarked against CRISIL Corporate Bond Fund BIII Index and its fund managers are Gurvinder Singh Wasan and Shalini Tibrewala.
The investment objective of the scheme is to generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.
