Mutual Fund News : JM Financial Mutual Fund files offer document for JM Nifty Midcap 100 Index Fund

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JM Financial Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named 'JM Nifty Midcap 100 Index Fund'.

The investment objective of the scheme is to seeks investment return that corresponds to the performance of Nifty Midcap 100 Index subject to tracking error.

The performance of the scheme will be benchmarked against Nifty Midcap 100 Index TRI.

The New Fund Offer price is Rs 1,000 per unit and the minimum application amount for initial purchase is Rs 5,000 and any amount thereafter. The scheme offers growth and dividend options.

It seeks to collect a Minimum Target Amount of Rs 10 crore.