JM Financial AMC informs about reduction in registration timelines of SIP
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JM Financial Asset Management Company has announced addendum to the Scheme Information Document (SID) of the schemes of JM Financial Mutual Fund.
JM Financial Mutual Fund has informed that the timelines for registration of Systematic Investment Plan (SIP) through all modes has been reduced with effect from May 24, 2024.
For Physical Mandate, NACH / OTM (New), ISIP, the timeline for registration is revised to 21 calendar days and for NACH / OTM (Already Registered), the timeline for registration is revised to 7 calendar days. NACH/I-SIP registrations depends on the Payment Aggregator and the Investor Bank’s confirmation. Any delay from them will further delay the SIP deduction.
This Notice-Cum-Addendum forms an integral part of the Scheme Information Document (SID) & Statement of Additional Information (SAI) of the Schemes of the Mutual Fund, as amended from time to time. All the other terms and conditions of the SID & SAI of the Schemes of the Mutual Fund will remain unchanged. The SID should be read in conjunction with the SAI and not in isolation.
