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

JM Financial Mutual Fund has informed that the Mutual Fund has decided to introduce Choti SIP facility (‘the facility’) in accordance with SEBI Letter No. SEBI/HO/IMD/PoD-1/OW/P/2025/5586/1 dated February 20, 2025 for investments under the Growth Option of JM Flexicap Fund (an open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks) with effect from August 01, 2025. 

Key features of the facility are as follows: 

1. The facility will be available only to first-time individual investors to Mutual Fund industry, excluding minors, and will be restricted to three SIPs (one each in upto 3 Asset Management Companies) (‘Choti SIP’). Investors who initiates any SIP other than Choti SIP or makes lumpsum investment shall not be considered as a Choti SIP investor for any subsequent investments at industry level. However, SIPs that were Choti SIP at the time of investment shall continue as Choti SIP.

2. The facility will be available under Growth option of JM Flexicap Fund with only monthly frequency. 

3. The ticket size of the SIP registered under the facility will be exactly equal to Rs. 250/- with minimum commitment of 60 instalments. However, there is no restrictions on premature withdrawal and exit load shall be applicable as per the extant provisions of the SID of JM Flexicap Fund.

4. The payment/ investment under the facility shall be accepted through Unified Payment Interface (“UPI”) or National Automated Clearing House (‘NACH’) only. 

5. No transaction charges will be deducted for Choti SIPs. 

6. All statutory disclosures to unitholders of Choti SIPs shall be through a valid and registered mobile number. The same can also be made over email ID, if provided.

7. All other provisions as mentioned in the above SEBI letter shall be applicable under the facility. The AMC reserves the right to restrict the number / list of applicable schemes being offered through this facility from time to time. 

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