Mutual Fund News : JM Financial Mutual Fund Launches JM Corporate Bond Fund

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JM Financial Mutual Fund has launched – JM Corporate Bond Fund

It is an open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.

Accordingly, the investment objective is to generate income through investing predominantly in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity. Investors are required to read all the scheme related information set out in the offer documents carefully and note that there can be no assurance that the investment objectives of the scheme will be realized. The scheme does not guarantee/ indicate any returns.

Under normal circumstances, JM Corporate Bond Fund will hold an allocation of 80% to 100% of its assets in Corporate Bonds (AA+ and above rated), 0% to 20% in Government securities and Money Market Instruments (including units of mutual fund schemes) and 0% to 10% in Units issued by REITs and InvITs.

As per the Scheme Information Document, JM Corporate Bond Fund aims to generate income by predominantly investing in AA+ and above rated bonds. The Scheme shall endeavour to develop a well – diversified portfolio of debt (including securitized debt) and other instruments. The Scheme may also invest in the schemes of Mutual Funds.

The Scheme may also invest in the hybrid securities viz. units of REITS and INvITs for diversification and subject to necessary stipulations by SEBI from time to time. Though every endeavour will be made to achieve the objective of the Scheme, the AMC/Sponsors/Trustee do not guarantee that the investment objective of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme.

JM Corporate Bond Fund’s performance will be benchmarked against CRISIL Corporate Bond Fund BIII Index.

The scheme will be managed by Mr Gurvinder Singh Wasan and Ms Shalini Tibrewala.

The NFO opens for subscription on March 06, 2023, and closes on March 20, 2023. The schemes will reopen for continuous sale and repurchase on April 04, 2023.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.