Apr 28, 2008

Mutual Funds News 28 Apr 2008

28 Apr 2008 | 12:30 JM Financial MF revises load structure

According to addendum released by the JM Financial Mutual Fund the fund house has decided to change the existing load structure of the some equity oriented schemes. The changes will be effective form 28 April 2008.

The details are given in the table below:

Scheme Name

Existing Load Structure

Revised Load Structure

Particulars

Entry Load

Exit Load

Particulars

Entry Load

Exit Load

JM Equity Fund

For the investment Less than Rs 3 Crore

2.25%

0.50%

For the investment Less than Rs 3 Crore

2.25%

1.00%

JM Emerging Leading Fund

For the investment Less than Rs 3 Crore

2.25%

0.50%

For the investment Less than Rs 3 Crore

2.25%

1.00%

JM Balanced Fund

For the investment Less than Rs 3 Crore

2.25%

0.50%

For the investment Less than Rs 3 Crore

2.25%

1.00%

28 Apr 2008 | 17:06 Mutual funds in selling mode

Mutual funds (MFs) sold shares worth a net Rs 73.30 crore on Friday 25 April 2008 compared to their buying of Rs 33.10 crore on Thursday, 24 April 2008.

MFs net outflow of Rs 73.30 crore on Friday 25 April 2008 was a result of gross purchases Rs 685.50 crore and gross sales Rs 758.80 crore. Sensex spurted 404.90 points or 2.42% at 17,125.98 on that day.

MFs were net sellers of shares worth Rs 20.70 crore in this month, till 25 April 2008.

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