JM Multi Strategy Fund

JM Multi Strategy NFO ( an Open Ended Equity Fund) today, a brief is mentioned here. 

Launch Date : 31st July’08
Closing Date : 29th August’08

JM Multi Strategy Fund will have an active investment strategy which changes with the changing markets. 

Identifying the future market scenario and identifying stocks that are likely to outperform will be critical in managing the fund. JM Multi Strategy will seek to adopt a portfolio strategy depending on the prevailing market conditions; the scheme will either adopt a growth or a value style of investing.

During bullish market conditions, the scheme will act like an aggressive growth fund with a concentrated portfolio of say 25 to 30 stocks and a targeted portfolio beta of greater than 1.

However,in a bearish market, the scheme will have a low volatility conservative portfolio of a larger number of stocks in the range of 40 to 60 stocks with a targeted portfolio beta of less than 1.

The scheme may have to regularly churn its portfolio at periodic intervals in order to achieve the investment objective and as such the portfolio turnover ratio could be high.

 

The intention is that in these market conditions the fund will switch between aggressive and defensive large caps depending on the market conditions. The fund will have large caps to an extent of 90 to 95%. 

Load Structure: 

Entry Load Exit Load 

In case of investments <>2.25%
In case of investments >= Rs. 2 crores : Nil

In case of investments <>1% if redeemed within 1 year of allotment / transfer of units. 
In case of investments >= Rs. 2 crores: 0.5% if redeemed within 3 months of allotment/transfer of units 
In case of investments made through Systematic Investment Facility : Nil

In case of investments made through Systematic Investment Facility: 2.25% if redeemed within 2 year of allotment / transfer of units of respective installments.