JM Mutual Fund launches Emerging Leaders Fund

JM Financial Mutual Fund announced the launch of its 'JM Emerging Leaders Fund'. The scheme seeks long term capital appreciation from investments in a portfolio of stocks across all market capitalisation range.

The portfolio will include all companies which are prospective domestic or global leaders in their respective domain.

Commenting on the fund, Krishnamurthy Vijayan, CEO, JM Financial Mutual Fund, said, "The new fund with its renewed equity focus and systematic investment processes along with an active research base will follow an 'opportunity hunting' approach to investment, spotting the potential leaders of tomorrow."

Speaking at the occasion, Nimesh Kampani, chairman, JM Financial Group, said: "The robust economic growth is expected to fuel the growth of our companies. The Indian companies are improving their competitiveness and seem ready to take up the opportunities available both in the local and global markets."

The fund which is an open-ended equity oriented growth scheme commences on June 16 and close on July 4, 2005.

The fund will not charge any entry load during this period.

The customer can participate by making a minimum investment of Rs 5,000 and thereafter in multiples of Rs 1,0000. There is no upper limit for investment.

Following the launch, the entry load will be 2.25 per cent for subscription below Rs 2 crore and nil for subscriptions above that.

"The strong fundamentals and the valuations, which remain favourably lower than the historic average, provide good prospects to the investors to reap fruits of liberalised Indian Economy," said Dr Vijay Kelkar, chairman, JM Financial Asset Management Pvt Ltd.