NFO Alert: Asset Management Company JM Financial Mutual Fund has come up with a new scheme of Corporate Bond Fund in the debt segment.
NFO Alert: Asset Management Company JM Financial Mutual Fund has come up with a new scheme of Corporate Bond Fund in the debt segment. JM Financial Mutual Fund has launched JM Corporate Bond Fund. The objective of the scheme is to generate income by investing in corporate bonds rated AA+ and above. It has to maintain yield, safety, and liquidity. This is an open-ended scheme. That is, the investor can withdraw money whenever he wants. This NFO opened for subscription on 6 March 2023. The NFO will close on March 20, 2023.
Investment can start from ₹ 5,000
According to JM Mutual Fund, investment in JM Corporate Bond Fund can be started with a minimum of Rs 5,000. After this investment can be made in any multiple. This is a debt scheme (Corporate Bond Fund). In this open-ended scheme, better returns can be achieved with moderate risk. The benchmark of this scheme is CRISIL Corporate Bond Fund BIII Index. This scheme will open again for buying and selling from April 4, 2023.
Who should invest
According to the mutual fund house, this can be a better option for investors who want income in the short to medium term. In this NFO, investors will get an opportunity to invest aggressively in corporate bonds rated AA+ and above. The fund house says that investors should consult their financial advisors if they have any doubts regarding the product. Product labeling during NFO is based on an internal assessment of scheme characteristics or model portfolio and may differ post-NFO when actual investments are made.
(Disclaimer: Investment in Mutual Funds is subject to market risks. Consult your advisor before investing.)
