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

Publish Date:

JM Mutual Fund has launched JM Corporate Bond Fund.

It is an open-ended debt scheme predominantly investing in AA+ and above rated corporate bond instruments, with flexibility of any Macaulay Duration and relatively high interest rate risk and moderate credit risk.

The investment objective of the scheme 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 also 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.

JM Corporate Bond Fund is mandated to invest 90% to 100% of its assets in Debt and Money Market Instruments. The Scheme shall have exposure to corporate bonds with AA+ (or equivalent ratings) and above credit rating at least to the extent of 80% of the corpus of the Scheme. It may also invest up to 10% of its assets in Units issued by REITs & 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 endeavor 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 endeavor 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 Composite Index.

It will be managed by Ms Shalini Tibrewala and Mr Prashant Pimple.

The NFO opens for subscription on February 24, 2022, and closes on March 07, 2022. The scheme will re-open for continuous Sale and Repurchase from March 21, 2022.

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 fund offers Regular Plan and Direct Plan having a Growth Option and Dividend Option (Dividend Re-investment and Dividend Pay-out facilities).