JM Financial Mutual Fund filed an offer document to launch JM Moving Sectors Fund. It is an open-ended equity oriented scheme. The investment objective of the scheme is to provide capital appreciation by taking focused exposure to selective sectors and investing in a reasonable diversified portfolio within those sectors. The scheme offers growth and dividend option.
The scheme will invest 65-100% of its portfolio in equity and equity related instruments including equity derivatives. It may invest up to 35% in money market instruments / debt securities including securitised debt. The Scheme intends to invest in securitized debt up to a maximum limit of 25%.
The scheme will invest 65-100% of its portfolio in equity and equity related instruments including equity derivatives. It may invest up to 35% in money market instruments / debt securities including securitised debt. The Scheme intends to invest in securitized debt up to a maximum limit of 25%.
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