JM Financial Mutual Fund files offers document for Singapore REIT FOF
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JM Financial Mutual Fund has filed offer document with SEBI to launch an open-ended target maturity index fund named ‘JM Singapore REIT FOF’. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load for redemption/switch - outs (including SIP) within 365 days from the date of allotment of units, irrespective of the amount of investment -1%; For redemption/switch - outs (including SIP) after 365 days from the date of allotment of units, irrespective of the amount of investment -NIL. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked with Bloomberg Ticker: SGREITTR Index (as computed in US Dollars). The minimum application amount is Rs 50000 and any amount thereafter.
The investment objective of the scheme is to is to provide long term capital appreciation and income by investing in units of Jewel Class D1, a Sub-Fund of JM Financial International Resilience Fund VCC and/or other similar overseas REIT funds.
