Dividend declaration under JM Fixed Maturity Fund-XIII-Y

JM Financial Mutual Fund has announced dividend under JM Fixed Maturity Fund-Series XIII-Yearly plan (JM FMF-XIII -Y). The dividend is declared under the regular and institutional plans.

The fund house has fixed September 29, 2009 as the record date for dividend declaration.

The amount of dividend declared is 100% of the distributable surplus. As on September 29, 2009 the net asset value stood of this plan is Rs 10 per unit under institutional and Rs 10.0001 per unit under retail plan.

JM Fixed Maturity Fund-Series XIII-Yearly plan is a close-ended income scheme comprising various plans seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plan.