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

JM Financial Mutual Fund has informed that Heramb Hajarnavis shall be appointed as an Additional Associate Director on the Board of JM Financial Asset Management (the AMC) with effect from January 27, 2025. The following details pertaining to Heramb Hajarnavis shall form part of the section ‘Details of AMC Directors’ in the SAI: 

Heramb Hajarnavis (50 years), graduated with an SB from Massachusetts Institute of Technology (MIT) in 1996 and completed MBA from Harvard Business School in 2001. Heramb Hajarnavis is the Founder and Managing Partner of SeaLink Capital Partners (SCP), an investment firm focused on high potential companies across different industries. Prior to founding SCP, he was the head of KKR’s Indian private equity business. Prior to KKR, he was with Goldman, Sachs & Co. based out of their New York, Hong Kong, Singapore and Mumbai offices where he focused on evaluating investment opportunities for the firm’s global private equity and mezzanine debt funds. His prior experience also includes being part of the senior management team at Centennial Communications Corp. (a NASDAQ listed telecommunications services provider that was subsequently acquired by AT&T). Mr. Hajarnavis currently serves as an Independent Director on the Board of Sundram Fasteners and India Nippon Electricals.

Further, the fund manager of JM Large Cap Fund (the Scheme) of the Mutual Fund will be ‘Satish Ramanathan’ and Co-Fund Managers will be ‘Asit Bhandarkar, Deepak Gupta and Ruchi Fozdar (Debt Portion) with effect from January 27, 2025.

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 the SID, KIM & SAI of the Schemes of the Mutual Fund will remain unchanged.