JM Financial MF declares dividend for JM-QIF-5

JM Financial Mutual Fund has declared dividend under JM Interval Fund-Quarterly Plan 5 (JM-QIF-5) dividend option. The record date for the same was fixed as February 23, 2009. The fund house has decided to distribute the realized appreciation in the NAV of the plan/option till the record date as dividend (inclusive of dividend distribution tax) in both regular as well as the institutional plan under the scheme. The scheme as on February 17, 2009 recorded a NAV of Rs 10.1174 per unit in regular plan and Rs 10.1208 per unit under institutional plan. JM Interval Fund-Quarterly Plan 5 is a debt oriented interval fund with an investment objective to seek to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the respective plans.