PRODUCT SUITABILITY Name of Scheme This Product is suitable for investors who are seeking* Risk EQUITY SCHEMES JM Arbitrage Advantage Fund

Transcription

1 September 2013

2 PRODUCT SUITABILITY Name of This Product is suitable for investors who are seeking* Risk EQUITY SCHEMES JM Arbitrage Advantage Fund An Open-Ended Equity Oriented Interval Regular Income over Medium Term Income through arbitrage by predominantly in Equity Stocks and taking offsetting positions in Equity Futures and Options. (Blue) JM Balanced Fund An Open-Ended Balanced JM Basic Fund An Open-Ended Sector JM Core 11 Fund An Open-Ended Equity Oriented JM Equity Fund An Open-Ended JM Multi Strategy Fund An Open-Ended Equity Oriented JM Tax Gain Fund An Open-Ended Equity Linked Savings LIQUID SCHEMES JM Floater Short Term Fund An Open-Ended Liquid JM High Liquidity Fund An Open-Ended Liquid DEBT SCHEMES JM G-Sec Fund An Open-Ended Dedicated Gilt JM Income Fund An Open-Ended Income JM Floater Long Term Fund An Open-Ended Income JM MIP Fund An Open-Ended Monthly Income Fund Capital Appreciation and Regular Income over Long Term Investment predominantly in Equity & Equity related securities as well as fixed income securities(debt and money market securities). Capital Appreciation over Long Term Investment predominantly in Equity & Equity related securities in sectors classified as Basic Industries in the normal parlance and in context of Indian Economy. Capital Appreciation over Long Term Investment predominantly in a concentrated portfolio of Equity & Equity related securities. Capital Appreciation over Long Term Investment predominantly in Equity & Equity related securities. Capital Appreciation over Long Term Investment predominantly in Equity & Equity related securities using a combination of strategies. Capital Appreciation over Long Term Investment predominantly in Equity & Equity related securities and to enable investors tax deduction from total income as permitted under Income Tax Act, 1961 from time to time. Regular Income over Short Term Investment in floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt and money market instruments of short term maturities with higher liquidity. Regular Income over Short Term Investment in debt and money market securities with maturity of upto 91 days only Regular Income over Medium to Long Term Investment in sovereign securities issued by the Central and State Government. Regular Income over Medium to Long Term Investment in Debt and Money Market securities. Regular Income over Short to Medium Term Investment in floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt and money market instruments. Regular Income and Capital Appreciation/accretion over Medium to Long Term Investment predominantly in Debt and Money Market securities and a portion in Equity and Equity related securities. (Yellow) (Brown) (Brown) (Brown) (Brown) (Brown) (Blue) (Blue) (Blue) (Blue) (Blue) (Yellow) JM Money Manager Fund - Regular Plan An Open-Ended Debt JM Money Manager Fund - Super Plan An Open-Ended Debt JM Money Manager Fund - Super Plus Plan An Open-Ended Debt JM Short Term Fund An Open-Ended Income Regular Income over Short Term Investment in Debt and Money Market securities. Regular Income Short Term Investment in Debt and Money Market securities. Regular Income Short Term Investment in Debt and Money Market securities. Regular Income over Short to Medium Term Investment in Debt and Money Market securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk may be represented as: (BLUE) investors understand that their principal will be at Low Risk. (YELLOW) investors understand that their principal will be at Medium Risk. (BROWN) investors understand that their principal will be at High Risk. (Blue) (Blue) (Blue) (Blue)

3 Details as on August 31, 2013 Monthly Market Update by JM Financial Mutual Fund Details as on August 31, 2013 Market Update - Equity ECONOMY Q1FY 14 GDP recorded a sharp deceleration in growth as it came in at 4.4%, below consensus expectation of 4.7%. The slowdown in growth was primarily from industrial sector, with a growth of only 0.2% while agriculture grew at 2.7% and services at 6.6%. Meanwhile, June IIP disappointed again as it fell by 2.2% v/s. street expectation of -1.1%. WPI rose again in July due to further rise to 5.8% from 4.9% recorded in previous month. Core inflation, though well within RBI s comfort zone, increased marginally to 2.4% from 2.1% in June. July Consumer Price Inflation (CPI) decelerated to 9.6% from 9.9% in the previous month. The Govt. announced further measures to support the INR that included a rise in import duty on gold (to 10% from 8%) & silver (to 10% from 4%) and relaxation of external borrowing norms. The RBI took measures to curb USD demand by lowering limits on company s s abroad and individual remittances. Despite these, INR continued to weaken, breaching 68/$ that saw the RBI open forex-swap windows to meet dollar requirements for crude oil importers. Prior to the RBI meet in September, it made annnouncements indicating a mild reversal in its liquidity stance as it sought to ease some tightening via OMO infusions. Dr. Raghuram Rajan, currently India s Chief Economic Advisor, is set to take over as RBI s new Governor. Market will keenly look forward to this appointment in RBI with lots of hopes and expectations in these challenging times. STOCK MARKET Equities market had a poor run in Aug with Nifty falling by 4.7% due to significant net outflows from FIIs for the third consecutive month. The quarterly earnings season concluded by mid month with a mixed bag of results. Meanwhile, banking names came under pressure on high Marked to Market (MTM) losses due to surge in bond yields while IT rose on potential gains from a weakening INR. FIIs were net sellers for the 3rd consecutive month in Aug, with net outflows totaling $943mn. The YTD figure now stands at $11.4bn net inflows. Meanwhile, DIIs switched to net buyers in Aug, with net inflow to the tune of ~$1.1bn - comprising $163mn inflows from MFs and $913mn from insurance companies. YTD, DIIs were net sellers at $6.8bn. Market Update - Derivatives The August expiry level of the Nifty index was around 8% lower than that of the July level. Nifty rollovers stood at ~52% compared to average rollovers of ~60% (last three series). Market-wide rollovers stood at 66% (average of 69% in last three series), mainly due to lower rollover seen in most of the index heavyweights. The September series started with market wide future Open Interest of ~INR 351bn as against ~INR 399bn seen at the start of the August expiry. On the last day of August expiry, long rollers became aggressive resulting in the expansion of roll cost to ~ bps (cost to long rollers). Financials (78%) and Infrastructure (78%) sectors witnessed highest rollovers whereas Oil & Gas (63%) and FMCG (66%) witnessed the lowest rollovers. Volatility in the markets would help to churn the arbitrage portfolio and generate good returns. Source: Bloomberg and JM AMC Research From The Debt Desk Key data and events August, RBI announced more measures to contain volatility in forex market by, auction of GOI dated Cash Management Bills for a notified amount of 22k crore every week. Addressing the risk to macroeconomic stability from external sector imbalance & ensuring liquidity tightening does not harden long term yields sharply, impacting the credit flow in productive sector, it decided to conduct OMO purchase of long term government bonds. To adjust the large MTM losses, partly resulting from the hardening of long term yield and abnormal market, following measures were taken: 1) the required SLR in held to maturity category was relaxed at 24.5%, which was required to be brought down from 25% to 23% of NDTL in progressive manner. 2) Banks will be allowed to transfer securities to Held Till Maturity (HTM) from Available For Sale (AFS) / Held For Trading (HFT) categories up to limit of 24.5% at lower of book or market value. Also given the option to transfer these securities as at the close of business of July 15, ) In addition, banks can spread over the net depreciation, if any, on account of MTM valuation of securities held under AFS/HFT categories over the remaining period of the current financial year in equal installments. WPI Inflation: The provisional inflation for the month of July, 2013 was 5.79% as against 4.86% in June, IIP: The provisional Index of Industrial Production (IIP) for the month of June, 2013 was at -2.2% as against revised IIP of -2.8% in the month of May, CPI: The Combined Provisional Index for Consumer Price Index (CPI) for the month of July, 2013 was at 9.64% as against revised CPI of 9.87% in the month of June, Forex reserves: The Forex Reserves as on Aug, 2013 was at USD billion as against USD billion as on July, Domestic Liquidity: Liquidity remained tight as RBI received average daily bids of around INR crores during the month in the daily LAF repo auction. Fixed Income and Currency data: Indian 10 year government bond: Government bond yield ended 43 basis point higher at 8.596% as against previous month on RBI measures. Indian 5 year corporate Bond yield ended higher at around 10.08% as compared to 9.70%. 3 Month Certificate of Deposit ended higher at 11.83% as compared to 10.75% on RBI measures and tight liquidity position. 12 Month Certificate of Deposit ended lower at 10.81% as compared to 9.85% on RBI measures and tight liquidity position. USD/INR: The local currency depreciated sharply by about 9% to end the month at as against the US dollar on account of dollar strength and CAD worries Global data: 10 year US bond yield ended higher at 2.78% as compared to 2.60% in the previous month on expectations of tapering of the Quantitative easing by the Federal Reserve. Brent Crude ended higher at $108 on account of expectations of growth in US economy and rising Middle East tension. Source: RBI WSS & Bloomberg 1

4 JM Equity Fund (An Open-Ended ) INVESTMENT OBJECTIVE : To provide optimum capital growth and appreciation. : Sanjay Chhabaria (Managing this fund since December, 2007 & more than 12 yrs of experience in fund management & equity research) : 1st April, 1995 CORPUS (Apr 13 - Jun 13) TURNOVER RATIO : Option: Option: Option: Option: : Qtly - AAUM (`) : Crores : Issuer % to NAV ITC 9.11 Infosys 7.74 HDFC Bank 7.47 ICICI Bank 7.30 Housing Development Finance 6.88 Reliance Industries 6.87 Tata Consultancy Service 5.58 Dr Reddy's Lab 4.62 Larsen & Toubro 3.47 Tata Motors 3.20 Mahindra & Mahindra 3.13 Bharti Airtel 2.87 Asian Paints 2.69 Oil & Natural Gas Corp 2.59 HCL Technologies 2.32 State Bank Of India 2.28 Hindustan Lever 2.15 Infrastructure Development Finance Company 2.01 Associated Cement Companies 2.00 Equity less than 2% of corpus Total Equity Holdings CBLO & Others* 0.94 ASSET ALLOCATION BY SECTOR RISK REPORT Name Beta Sharpe Std. Dev. JM Equity Fund - Option 1.10 (0.65) Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 11.17% (91 day Treasury Bill yield as on August 30, 2013) for calculation of Sharpe Ratio. JM Basic Fund (An Open-Ended Sector ) INVESTMENT OBJECTIVE : 2nd June, 1997 CORPUS (Apr 13 - Jun 13) TURNOVER RATIO : To provide capital appreciation to its Unitholders through judicious deployment of the corpus of the in sectors categorized under basic industry in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The fund would continue to remain open-ended with a sector focus. : Asit Bhandarkar (Managing this fund since December, 2006 & total 11 yrs of experience in fund management & equity research). : Option: Option: Option: Option: : Qtly - AAUM (`) : Crores : Issuer % to NAV Tata Motors 7.64 Housing Development Finance 6.67 HDFC Bank 6.52 Bharti Airtel 5.53 Larsen & Toubro 5.42 Bajaj Auto 4.87 Thermax 4.70 Hero Honda Motors 4.28 Oil & Natural Gas Corp Reliance Industries 4.14 ICICI Bank 3.94 Yes Bank 3.94 Mahindra & Mahindra 3.74 Associated Cement Companies 3.30 Exide Industries 3.30 Hindalco Industries 3.28 Mahindra & Mahindra Financial Services 2.79 Infrastructure Development Finance Company 2.70 Cairn India 2.53 Power Finance Corporation 2.10 Dr. Reddy's Lab 2.05 Equity less than 2% of corpus Total Equity Holdings CBLO & Others* 1.03 ASSET ALLOCATION BY SECTOR Details as on August 31, 2013 RISK REPORT Name Beta Sharpe Std. Dev. JM Basic Fund - Option 1.26 (0.91) Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 11.17% (91 day Treasury Bill yield as on August 30, 2013) for calculation of Sharpe Ratio. JM Multi Strategy Fund (An Open-Ended Equity Oriented ) INVESTMENT OBJECTIVE : To provide capital appreciation by investing in equity and equity related securities using a combination of strategies. : Sanjay Chhabaria (Managing this fund since February, 2009 & more than 12 years of experience in fund management & equity research). : 23rd September, 2008 : Option: Option: Option: Option: CORPUS (Apr 13 - Jun 13) : Qtly - AAUM (`) : Crores TURNOVER RATIO : Issuer % to NAV HDFC Bank 7.45 Housing Development Finance 7.33 ICICI Bank 5.91 Dr Reddy's Lab 5.39 Eicher Motors 5.00 ITC 4.96 Reliance Industries 4.69 Tata Consultancy Service 4.39 HCL Technologies 4.08 Associated Cement Companies 3.88 Larsen & Toubro 3.49 Oil & Natural Gas Corp 3.42 Hero Honda Motors 3.21 Tata Motors 3.17 Mahindra & Mahindra 3.07 Mahindra & Mahindra Financial Services 2.97 Bharti Airtel 2.92 Grasim Industries 2.78 Bajaj Auto 2.62 Infrastructure Development Finance Company 2.56 Tata Power 2.38 Equity less than 2% of corpus Total Equity Holdings CBLO & Others*

5 ASSET ALLOCATION BY SECTOR RISK REPORT Name Beta Sharpe Std. Dev. JM Multi Strategy Fund - Option INVESTMENT OBJECTIVE : 31st March, 2008 CORPUS (Apr 13 - Jun 13) TURNOVER RATIO 1.15 (0.80) Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 11.17% (91 day Treasury Bill yield as on August 30, 2013) for calculation of Sharpe Ratio. JM Tax Gain Fund (An Open-Ended Equity Linked Savings ) : To generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the objective of the scheme will be achieved. : Sanjay Chhabaria: (Managing this fund since October 2010 & more than 12 yrs of experience in fund management & equity research). : Option: Option: Option: Option: : Qtly - AAUM (`) : Crores : Issuer % to NAV Eicher Motors 8.27 ICICI Bank 6.84 HDFC Bank 6.75 Housing Development Finance 6.53 HCL Technologies 6.30 ITC 5.84 Divi'S Laboratories 5.27 Tata Consultancy Service 5.19 Thermax 4.33 Bharti Airtel 3.96 Sundaram Finance 3.88 Associated Cement Companies 3.49 Dr Reddy's Lab 3.47 Tata Motors 3.40 Mahindra & Mahindra Financial Services 3.35 Grasim Industries 3.14 Infrastructure Development Finance Company 3.11 Larsen & Toubro 3.02 SKF India 2.90 Oil & Natural Gas Corp 2.83 Bajaj Auto 2.54 Mahindra & Mahindra 2.37 Equity less than 2% of corpus 1.46 Total Equity Holdings CBLO & Others* 1.76 ASSET ALLOCATION BY SECTOR RISK REPORT Name Beta Sharpe Std. Dev. JM Tax Gain Fund - Option 1.07 (0.76) Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 11.17% (91 day Treasury Bill yield as on August 30, 2013) for calculation of Sharpe Ratio. JM Balanced Fund (An Open-Ended Balanced ) INVESTMENT OBJECTIVE : To provide steady current income as well as long term growth of capital. : Sanjay Chhabaria (Managing this fund since February, 2008 & more than 12 years of experience in fund management & equity research). : 1st April, 1995 CORPUS (Apr 13 - Jun 13) TURNOVER RATIO : Option: Option: Option: Option: : Qtly - AAUM (`) : 6.78 Crores : Issuer % to NAV Eicher Motors 6.91 HDFC Bank 6.90 Housing Development Finance Limited 6.23 ITC Limited 6.20 Dr. Reddy's Lab ICICI Bank 5.34 HCL Technologies 4.51 Mahindra & Mahindra 4.41 Thermax Ltd 3.84 State Bank Of India 3.78 Larsen & Toubro 3.77 Reliance Industries 3.68 Associated Cement Companies 3.51 Mahindra & Mahindra Financial Services Ltd 3.28 Grasim Industries Ltd 3.13 Maruti Udyog 2.16 Equity less than 2% of corpus 1.55 Total Equity Holdings CBLO & Others* Details as on August 31, 2013 ASSET ALLOCATION BY SECTOR JM Core 11 Fund (An Open-Ended equity oriented scheme) INVESTMENT OBJECTIVE : 5th March, 2008 CORPUS (Apr 13 - Jun 13) TURNOVER RATIO : To provide long-term growth by i nve s t i n g p re d o m i n a ntly i n a concentrated portfolio of equity / equity related instruments : Asit Bhandarkar (Managing this fund since February, 2009 & total 11 yrs of experience in fund management & equity research). : Option: Option: Option: Option: : Qtly - AAUM (`) : Crores : Issuer % to NAV Tech Mahindra $ Dr Reddy's Lab $ Tata Motors $ Oil & Natural Gas Corp 9.09 Mahindra & Mahindra 9.03 Larsen & Toubro 8.97 Infrastructure Development Finance Company 8.76 Grasim Industries 8.46 Power Finance Corporation 8.38 ICICI Bank 8.08 Yes Bank 5.57 Total Equity Holdings CBLO & Others* 0.12 $ increase over 10% on account of market movements/change in net assets of the scheme. ASSET ALLOCATION BY SECTOR 3

6 RISK REPORT Name Beta Sharpe Std. Dev. JM Core 11 Fund - Option 1.36 (0.62) Source: Mutual Funds India Explorer Note: Standard Deviation & Sharpe are calculated on Annualised basis using 3 years history of monthly returns (using daily frequency). Risk Free rate assumed to be 11.17% (91 day Treasury Bill yield as on August 30, 2013) for calculation of Sharpe Ratio. JM MIP Fund (An Open-Ended Monthly Income Fund with no assured return. Monthly Income is not assured and is subject to the availability of the distributable surplus.) INVESTMENT OBJECTIVE FUND MANAGER ASSET ALLOCATION BY SECTOR 4 : To generate regular income, primarily through s in fixed income securities so as to make monthly, quarterly and annual dividend distribution, declare bonus in the growth option. The Fund would also aim to achieve capital appreciation through investing a portion of its assets in equity and equity related securities. : Shalini Tibrewala (Managing this fund since September, 2003 & over 14 years of experience in fund management & financial services sector). : 18th September, 2003 CORPUS (Apr 13 - Jun 13) : Option: Option-Monthly : Option-Quarterly : Option-Annual : Option: Option-Monthly : Option-Quarterly : Option-Annual : : Qtly - AAUM (`) : 5.04 Crores Issuer % to NAV Rating Associated Cement Companies 2.81 HDFC Bank 4.56 Larsen & Toubro 3.78 Total Equity Holdings Money Market Instrument Commercial Paper India Infoline Finance ICRA A1+ Treasury Bills Days T-Bill GOI SOV Total Debt Holdings CBLO & Others* Treasury Bills CBLO & Others* Money Market Instrument Banks Construction Project Cement 4.56% 3.78% 2.81% 20.32% 27.74% 40.79% STATISTICS Current Yield 9.91% Duration years Average Maturity years JM Arbitrage Advantage Fund (An Open-Ended Equity Oriented Interval ) INVESTMENT OBJECTIVE : To generate income through arbitrage opportunities emerging out of mispricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. : Chaitanya Choksi (Managing this fund since Feb 1, 2011 and has around 11 years of work experience in the field of equity research and capital markets.) : 18th July, 2006 CORPUS (Apr 13 - Jun 13) TURNOVER RATIO Issuer : Option: Option: Option: Option: : Qtly - AAUM (`) : Crores : Market Value (` In Lacs) % to NAV Market Value (` In Lacs) Futures Auto (544.09) Tata Motors Tata Motors - Futures (544.09) Auto Ancillaries (264.78) Apollo Tyre Apollo Tyre - Futures (264.78) Banks (339.17) Allahabad Bank Allahabad Bank - Futures (23.96) Dena Bank Dena Bank - Futures (74.34) ICICI Bank ICICI Bank - Futures (28.41) Indian Overseas Bank Indian Overseas Bank - Futures (12.78) Karnataka Bank Karnataka Bank - Futures (18.31) Yes Bank Yes Bank - Futures (181.37) Cement (13.17) Century Textile & Inds Century Textile & Inds - Futures (13.17) Construction (90.71) Jai Prakash Associates Jai Prakash Associates - Futures (90.71) Consumer Non Durable (562.37) ITC ITC - Futures (55.57) United Spirits United Spirits - Futures (506.80) Ferrous Metals (21.82) JSW Steel JSW Steel - Futures (21.82) Fertilisers (2.64) Chambal Fertilizers & Chemicals Chambal Fertilizers & Chemicals (2.64) - Futures Finance (356.69) Infrastructure Development Finance Company Details as on August 31, 2013 Infrastructure Development Finance (208.77) Company - Futures LIC Housing Finance LIC Housing Finance - Futures (51.91) Power Finance Corporation Power Finance Corporation - (96.01) Futures Hotels (97.85) Indian Hotels Co Indian Hotels Co - Futures (97.85) Industrial Products (76.76) Jain Irrigation Systems Jain Irrigation Systems - Futures (76.76) Oil (116.39) Cairn India Cairn India - Futures (116.39) Petroleum Products (227.21) Hindustan Petroleum Hindustan Petroleum - Futures (45.71) Reliance Industries Reliance Industries - Futures (181.50) Pharmaceuticals (157.13) Aurobindo Pharma Aurobindo Pharma - Futures (47.76) Sun Pharmaceuticals Industries Sun Pharmaceuticals Industries (109.37) - Futures Power (111.59) JSW Energy JSW Energy - Futures (63.88) PTC India PTC India - Futures (47.71) Software (621.64) Hexaware Technologies Hexaware Technologies - Futures (207.20) I-Flex Solutions I-Flex Solutions - Futures (75.08) Tech Mahindra Tech Mahindra - Futures (339.36) Textile Products (9.62) Raymond Raymond - Futures (9.62) Total Equity Holdings ( ) Fixed Deposit Margin HDFC Bank Yes Bank Total Debt Holdings CBLO & Others* Total Assets Note: Nifty Futures that are sold is a complete hedge against the purchase of Nifty Basket. ASSET ALLOCATION BY SECTOR Although classified under Equity category, Risk ratios are not calculated for JM Arbitrage Advantage Fund as the scheme is benchmarked to CLFI.

7 JM High Liquidity Fund (An Open - Ended Liquid ) INVESTMENT OBJECTIVE FUND MANAGER : To provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments. : Shalini Tibrewala (Managing this fund since December, 1997 & over 14 years of experience in fund management & financial services sector). : Option: 31st December, 1997 Weekly Option: 31st December, 1997 Daily Option: 2nd July, 2001 Quarterly Option.: 23rd Sept, 2003 Option: 17th August, 2002 Institutional Plan - : 4th April, 2003 Institutional Plan - WDO: 4th April, 2003 Institutional Plan - DDO: 28th July, 2003 Super Institutional Plan - :19th May, Super Institutional Plan - DDO:19th May, Super Institutional Plan - WDO: 19th May, as on August 31, 2013 CORPUS (Apr 13 - Jun 13) : Option: Weekly Option: Daily Option: Option: Quarterly Option: Option: Weekly Option: Daily Option: Option: Quarterly Option: Institutional Plan: Option: Daily Option: Super Institutional Plan: Option: : Qtly - AAUM (`) : Crores Issuer % to NAV Rating Money Market Instruments Certificate of Deposits Allahabad Bank 4.58 ICRA A1+ Andhra Bank 0.79 CARE A1+ AXIS Bank 0.78 CRISIL A1+ Bank of India 3.95 CRISIL A1+ Bank of Maharashtra 1.57 CRISIL A1+ Canara Bank 1.58 CRISIL A1+ Federal Bank 0.16 CRISIL A1+ HDFC Bank 2.36 CARE A1+ ICICI Bank 1.73 ICRA A1+ Indian Bank 2.37 IND A1+ Indian Overseas Bank 3.16 ICRA A1+ IndusInd Bank CRISIL A1+ ING Vysya Bank 1.58 CRISIL A1+ Jammu & Kashmir Bank 0.79 CRISIL A1+ Oriental Bank of Commerce 1.58 CRISIL A1+ Punjab National Bank 3.94 CARE A1+ Ratnakar Bank 3.16 ICRA A1+ State Bank of Hyderabad 0.79 ICRA A1+ State Bank of Mysore 0.79 ICRA A1+ State Bank of Travancore 1.58 CRISIL A1+ United Bank of India 1.58 CARE A1+ Vijaya Bank 4.89 CARE A1+ Commercial Paper Aditya Birla Nuvo 0.79 ICRA A1+ Afcons Infrastructure 0.95 CRISIL A1+ Alkem Laboratories 1.73 CRISIL A1+ Blue Star 0.78 CARE A1+ Cholamandalam Investment & Finance Company 3.15 ICRA A1+ India Infoline Finance 1.57 ICRA A1+ Infrastructure Leasing & 0.79 ICRA A1+ Financial Services Jindal Saw 1.26 CARE A1+ Mahindra & Mahindra Financial 1.57 CRISIL A1+ Services National Fertilizers 0.79 CRISIL A1+ Piramal Enterprises 2.37 ICRA A1+ Redington India 1.58 ICRA A1+ Religare Finvest 1.57 ICRA A1+ Shapoorji Pallonji & Company 4.55 ICRA A1+ Tata Capital Financial Services 0.79 ICRA A1+ Tata Motors 0.79 ICRA A1+ Vodafone India 0.79 CRISIL A1+ Treasury Bills Days Cash Management Bill 2.36 GOI SOV 364 Days Treasury Bill 1.74 GOI SOV Total Debt Holdings CBLO & Others* ASSET ALLOCATION STATISTICS Current Yield 10.80% Duration years Average Maturity years JM Money Manager Fund - Regular Plan (An Open - Ended Debt ) INVESTMENT : To generate stable long term returns with low risk OBJECTIVE strategy and capital appreciation/accretion through s in debt instruments and related securities besides preservation of capital. FUND MANAGER : Vikas Agrawal (Managing this fund since July, 2011 & has total 10 years of experience in fixed income market). : Regular Plan - : 27th Sept, 2006 Regular Plan - DDO: 27th Sept, 2006 Regular Plan - WDO: 26th July, 2007 Regular Plan - FDO: 26th Sept, 2008 Regular Plan - : 18th March, 2013 CORPUS (Apr 13 - Jun 13) : Regular Plan - Option: Daily Option: Weekly Option: Fortnightly Option: Option: Option: Daily Option: Weekly Option: Fortnightly Option: Option: : Qtly - AAUM (`) : Crores ASSET ALLOCATION Details as on August 31, 2013 Issuer % to NAV Rating Money Market Instruments Certificate of Deposits IDBI Bank CRISIL A1+ Indusind Bank CRISIL A1+ State Bank of Mysore 6.96 ICRA A1+ Commercial Paper Century Textiles & Industries CARE A1+ India Infoline Finance ICRA A1+ Piramal Enterprises ICRA A1+ Total Debt Holdings CBLO & Others* 2.33 STATISTICS Current Yield 11.25% Duration years Average Maturity years JM Money Manager Fund - Super Plan (An Open - Ended Debt ) INVESTMENT OBJECTIVE : To generate stable long term returns with low risk strategy and capital appreciation/ accretion through s in debt instruments and related securities besides preservation of capital. : Vikas Agrawal (Managing this fund since July, 2011 & has total 10 years of experience in fixed income market). : Super Plan - : 27th Sept, 2006 Super Plan - DDO: 27th Sept, 2006 Super Plan - WDO: 12th October, 2007 Super Plan - FDO: 2nd April, 2008 Super Plan - : 18th March, 2013 CORPUS (Apr 13 - Jun 13) : Option: Daily Option: Weekly Option: Fortnightly Option: Option: Option: Daily Option: Weekly Option: Fortnightly Option: Option: : Qtly - AAUM (`) : Crores 5

8 Issuer % to NAV Rating Money Market Instruments Certificate of Deposits IDBI Bank CRISIL A1+ State Bank of Mysore ICRA A1+ Commercial Paper Alkem Laboratories CRISIL A1+ Gruh Finance CRISIL A1+ India Infoline Finance ICRA A1+ Piramal Enterprises ICRA A1+ Total Debt Holdings CBLO & Others* 1.24 ASSET ALLOCATION STATISTICS Current Yield 11.74% Duration years Average Maturity years JM Money Manager Fund - Super Plus Plan (An Open - Ended Debt ) INVESTMENT OBJECTIVE 6 : To generate stable long term returns with low risk strategy and capital appreciation/accretion through s in debt instruments and related securities besides preservation of capital. : Shalini Tibrewala (Managing this fund since September, 2006 & has over 14 years of experience in fund management & financial services sector). : Super Plus Plan - : 27th Sept, 2006 Super Plus Plan - DDO: 27th Sept, 2006 Super Plus Plan - WDO: 16th July, 2007 Super Plus Plan - FDO: 12th July, 2007 Super Plus Plan - : 18th March, 2013 CORPUS (Apr 13 - Jun 13) : Option: Daily Option: Weekly Option: Fortnightly Option: Option: Option: Daily Option: Weekly Option: Fortnightly Option: Option: : Qtly - AAUM (`) : Crores Issuer % to NAV Rating Money Market Instruments Certificate of Deposits Allahabad Bank 4.15 ICRA A1+ Bank of India 1.97 CRISIL A1+ Canara Bank 1.97 CRISIL A1+ Dena Bank 4.16 CRISIL A1+ IDBI Bank 6.23 CRISIL A1+ Indusind Bank 6.22 CRISIL A1+ Punjab National Bank 6.17 CARE A1+ State Bank of Mysore 2.07 ICRA A1+ State Bank of Patiala 2.08 ICRA A1+ Union Bank of India 2.01 CRISIL A1+ Vijaya Bank 4.15 CARE A1+ Commercial Paper Alkem Laboratories 6.60 CRISIL A1+ Apollo Tyres 1.94 CRISIL A1 Bajaj Electricals 2.07 ICRA A1+ Deepak Fertilisers & Petrochemicals 4.55 CARE A1+ Fullerton India Credit Company 7.62 ICRA A1+ Gujarat Fluorochemicals 4.14 CRISIL A1+ India Infoline Finance 6.22 ICRA A1+ Indiabulls Housing Finance 2.48 CRISIL A1+ Piramal Enterprises 4.02 ICRA A1+ Reliance Capital 4.14 CRISIL A1+ Religare Securities 6.21 ICRA A1+ Shapoorji Pallonji & Company 7.57 ICRA A1+ Corporate Debt 0.81 Rural Electrification Corporation 0.81 CRISIL AAA Treasury Bills Days T-Bill 0.25 GOI SOV Total Debt Holdings CBLO & Others* 0.20 ASSET ALLOCATION STATISTICS Current Yield 11.59% Duration years Average Maturity years JM Floater Long Term Fund (An Open-Ended Income ) (w.e.f. December 28, 2012, the name has been changed from JM Floater Fund - Long Term Plan) INVESTMENT : To provide regular income and capital appreciation OBJECTIVE through in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments. : Shalini Tibrewala (Managing this fund since March, 2006 & has over 14 years of experience in fund management & financial services sector). ASSET ALLOCATION Details as on August 31, 2013 : : 25th June, 2003 : 25th June, 2003 Daily Option: 22nd May, 2007 Weekly Option: 22nd May, 2007 : 18th March, 2013 Premium Plan - : 13th October, 2004 Premium Plan - : 13th October, 2004 Premium Plan - DDO: 15th May, 2007 Premium Plan - WDO: 18th May, 2007 Premium Plan - Option: Option: Daily Option: Wkly Option: CORPUS : Qtly - AAUM (`) : 0.23 Crores (Apr 13 - Jun 13) Issuer % to NAV Rating CBLO & Others* STATISTICS Current Yield 10.25% Duration years Average Maturity years JM Floater Short Term Fund (An Open-Ended Liquid ) (w.e.f. December 28, 2012, the name has been changed from JM Floater Fund - Short Term Plan) INVESTMENT OBJECTIVE : Option: Option: Daily Option: Wkly Option: Option: Option: Option: Daily Option: Wkly Option: Option: : To provide regular income and capital appreciation through in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments. : Shalini Tibrewala (Managing this fund since September, 2006 & over 14 years of experience in fund management & financial services sector). : : 25th June, 2003 Daily Option: 25th June, 2003 : 18th March, 2013 : Option : as on August Daily Option : , 2013 Option : Option : Daily Option : Option : CORPUS (Apr 13 - Jun 13) : Qtly - AAUM (`) : Crores

9 Issuer % to NAV Rating CBLO & Others* ASSET ALLOCATION STATISTICS Current Yield 10.25% Duration Years Avg. Maturity Years JM Short Term Fund (An Open-Ended Income ) INVESTMENT OBJECTIVE : To generate regular returns and high level of liquidity with low risk strategy and capital appreciation / accretion through in debt instruments and related securities besides preservation of capital. : Girish Hisaria (Managing this fund since July 2009 & has total 10 years of experience in Fixed Income Markets). : Regular Plan - : 24th June, 2002 Regular Plan - : 24th June, 2002 Regular Plan - DDO: 31st March, 2011 : 4th April, 2003 : 4th April, 2003 Daily Option: 6th April, 2011 CORPUS (Apr 13 - Jun 13) : Option: Option: Daily Option: Option: Option: Daily Option: Regular- Option: Regular- Option: Regular-Daily Option: : Qtly - AAUM (`) : Crores Issuer % to NAV Rating Money Market Instuments Certificate of Deposits Bank of India CRISIL A1+ Canara Bank CRISIL A1+ Corporation Bank CRISIL A1+ State Bank of Hyderabad ICRA A1+ Commercial Paper Gruh Finance 1.54 CRISIL A1+ Corporate Debt Power Finance Corporation 2.45 CRISIL AAA Reliance Utilities & Power 7.08 CARE AAA Rural Electrification Corporation 2.51 CRISIL AAA Shriram Transport Finance Company 2.52 CARE AA+ Bajaj Finance 5.02 ICRA AA+ Treasury Bills Days T-Bill 2.56 GOI SOV Total Debt Holdings CBLO & Others* ASSET ALLOCATION STATISTICS Current Yield 10.86% Duration Years Avg. Maturity Years JM Income Fund (An Open-Ended Income ) INVESTMENT OBJECTIVE : To generate stable long term returns with low risk strategy and capital appreciation / accretion through in debt instruments and related securities besides preservation of capital. : Girish Hisaria (Managing this fund since July 2009 & has total 10 years of experience in Fixed Income Markets). : Option: 1st April, 1995 Quarterly Option: 1st April, 1995 Option: 18th March, 2002 : Option : Quarterly Option : Option : Option : Quarterly Option: Option : CORPUS (Apr 13 - Jun 13) : Qtly - AAUM (`) : Crores Issuer % to NAV Rating Government Securities % GOI GOI SOV 8.20% GOI GOI SOV Total Debt Holdings CBLO & Others* ASSET ALLOCATION Details as on August 31, 2013 STATISTICS Current Yield 9.77% Duration Years Avg. Maturity Years JM G-Sec Fund (An Open-Ended Dedicated Gilt ) INVESTMENT OBJECTIVE ASSET ALLOCATION : To provide ultimate level of safety to its unitholders through s in sovereign securities issued by the Central and State Government. : Girish Hisaria (Managing this fund since July 2009 & has total 10 years of experience in Fixed Income Markets). : Option : 29th September, 1999 Quarterly Option : 29th September, 1999 Option : 30th November, 2002 : Option : Quarterly Option : Option : Option : Quarterly Option: Option : CORPUS : Qtly - AAUM (`) : Crores (Apr 13 - Jun 13) Issuer % to NAV Rating Government Securities % GOI GOI SOV 8.20% GOI GOI SOV Total Debt Holdings CBLO & Others* STATISTICS Current Yield 9.24% Duration Years Avg. Maturity Years (*) Others may include net receivables / payables, cash, cash equivalents, stocks in transition and other instruments such as warrants, convertibles etc. 7

10 ANNEXURE FOR RETURNS OF ALL THE SCHEMES Performance as on June 30, 2013 Name June 30, 2012 to June 30, 2013 June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Details as on August 31, 2013 Since inception till June 30, 2013 (CAGR) Inception Equity s Funds Managed by Sanjay Chhabaria JM Balanced Fund (4.21) 9798 (2.02) Apr-95 Bench Mark Crisil Balanced Fund Index (0.99) N A N A Crisil 1 Year T Bill* S & P Nifty Index* (6.53) JM Equity Fund (10.71) 9796 (2.04) Apr-95 Bench Mark BSE Sensex (7.51) S & P Nifty Index* (6.53) JM Multi Strategy Fund (13.28) 9059 (9.41) Sep-08 Bench Mark BSE (8.02) S & P Nifty Index* (6.53) JM Tax Gain Fund (13.74) 9290 (7.10) 6694 (7.37) 31-Mar-08 Bench Mark BSE (8.02) S & P Nifty Index* (6.53) Funds Managed by Asit Bhandarkar JM Basic Fund (8.58) 7298 (27.02) June-97 Bench Mark BSE 200 Index (7.63) S & P Nifty Index* (6.53) JM Core 11 Fund (12.29) 8189 (18.11) 3513 (17.86) 5-Mar-08 Bench Mark BSE Sensex (7.51) S & P Nifty Index* (6.53) Funds Managed by Chaitanya Choksi JM Arbitrage Advantage Fund July-06 Bench Mark Crisil Liquid Fund Index S & P Nifty Index # (6.53) # performance may not be strictly comparable with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. Performance as on June 30, 2013 Name June 30, 2012 to June 30, 2013 June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Since inception till June 30, 2013 (CAGR) Inception Date@ Debt s Funds Managed by Girish Hisaria JM Gsec Fund Sep-99 Bench Mark I Sec Composite Index N A N A Crisil 10 Year G Sec Paper* N A N A JM Income Fund Apr-95 Bench Mark Crisil Composite Bond Fund Index N A N A Crisil 10 Year G Sec Paper* N A N A JM Short Term Fund June-02 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill*

11 ANNEXURE FOR RETURNS OF ALL THE SCHEMES Details as on August 31, 2013 Name June 30, 2012 to June 30, 2013 June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Since inception till June 30, 2013 (CAGR) Inception Funds Managed by Vikas Agrawal JM Money Manager Fund Regular Plan Sep-06 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill* JM Money Manager Fund Super Plan Sep-06 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill* Funds Managed by Shalini Tibrewala JM Floater Long Term Fund June-03 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill* JM MIP Fund Sep-03 Bench Mark Crisil MIP Blended Index S & P Nifty Index* (6.53) Crisil 1 Year T Bill* JM Money Manager Fund Super Plus Plan Sep-06 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill* Performance for Liquid s Name June 30, 2012 to June 30, 2013 June 30, 2011 to June 30, 2012 June 30, 2010 to June 30, 2011 Since inception till June 30, 2013 (CAGR) Inception Date@ Funds Managed by Shalini Tibrewala JM High Liquidity Fund Dec-97 Bench Mark Crisil Liquid Fund Index N A N A Crisil 1 Year T Bill* JM Floater Short Term Fund June-03 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill* Performance for Liquid s Simple Annualised Name 7 Days 15 Days 1 mth 3 mths 6 mths Inception Date@ Funds Managed by Shalini Tibrewala JM High Liquidity Fund Dec-97 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill* JM Floater Short Term Fund June-03 Bench Mark Crisil Liquid Fund Index Crisil 1 Year T Bill* *Additional Inception Date is considered as the date of first time allotment of units. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other. Absolute returns are computed on s of `10,000. are computed on Compounded Annual Rate (CAGR) basis. Load is not considered for computation of returns. Option has been considered for calculating the performance of the above mentioned schemes. Mutual Fund s are subject to market risks, read all scheme related documents carefully. 9

12 Details as on August 31, 2013 DIVIDEND/BONUS HISTORY (for past 3 years) JM Equity Fund Financial Year Record Date (` per unit) FY FY FY The face value per unit is ` 10/-. JM Basic Fund Financial Year Record Date (` per unit) FY FY FY The face value per unit is ` 10/- JM Balanced Fund Financial Year Record Date (` per unit) FY FY FY The face value per unit is `10/-. JM Multi Strategy Fund Financial Year Record Date (` per unit) FY FY FY The face value per unit is ` 10/-. JM Tax Gain Fund Financial Year Record Date (` per unit) FY FY FY The face value per unit is ` 10/-. JM Core 11 Fund Financial Year Record Date (` per unit) FY FY FY The face value per unit is ` 10/-. JM MIP Fund JM MIP Fund - Option - Monthly Financial Year Record Date (` per unit) FY $ 1-August August July July Jun Jun May May April Apr FY $ 1-Mar Mar Feb Jan Dec Nov Oct Sep Aug Jul Jun May Apr FY $ 1-Mar Feb Jan-12 1-Dec Nov Oct-11 2-Sep Aug-11 4-Jul Jun May Apr JM MIP Fund - Option - Quarterly Financial Year Record Date (` per unit) FY $ - - FY $ - - FY $ - - JM MIP Fund - Option - Annual Financial Year Record Date (` per unit) FY $ - FY $ - FY $ - taxes wherever applicable. Past performance may or may not be sustained in future. The face value per unit is ` 10/-. $ Includes Distribution Tax. JM Arbitrage Advantage Fund Financial Year Record Date (` per unit) FY Jun Jun FY Mar Mar Jan Sep Jun FY Mar Dec Sep Jun The face value per unit is `10/- JM High Liquidity Fund Financial FYTD* Plan Year (` per unit) FY $ Weekly Option Weekly Option Daily Option Daily Option Quarterly Option - Inst. Plan - Weekly option Inst. Plan - Daily option Super Inst. Plan - Weekly Div. option FY $ Weekly Option Weekly Option Daily Option Daily Option Quarterly Option - Inst. Plan - Weekly option Inst. Plan - Daily option Super Inst. Plan - Weekly Div. option Super Inst. Plan - Daily Div. option FY $ Regular Plan - Weekly Option Regular Plan - Daily Option Regular Plan - Quarterly Option - Inst. Plan - Weekly option Inst. Plan - Daily option Super Inst. Plan - Weekly Div. option Super Inst. Plan - Daily Div. option # Option : 64 : 100 on 14/01/2013 The face value per unit is `10/-. $ Includes Distribution Tax # Pursuant to allotment of units, the NAV of the /Option falls in proportion to the bonus units allotted. However, the total value of units held by the investor on the record date would remain the same. JM Money Manager Fund Financial Year Plan FYTD* (` per unit) FY $ Regular Plan - Daily option Regular Plan -Daily option Regular Plan - Weekly option Regular Plan Weekly option Regular Plan - Fortnightly option Regular Plan -Fortnightly option Super Plan - Daily option Super Plan -Daily option Super Plan - Weekly option Super Plan Weekly option Super Plan - Fortnightly option Super Plan Fortnightly option Super Plus Plan - Daily option Super Plus Plan -Daily option Super Plus Plan - Weekly option Super Plus Plan Weekly option Super Plus Plan - Fortnightly option Super Plus Plan -Fortnightly option FY $ Regular Plan - Daily option Regular Plan -Daily option Regular Plan - Weekly option Regular Plan Weekly option Regular Plan - Fortnightly option Regular Plan -Fortnightly option Super Plan - Daily option Super Plan -Daily option Super Plan - Weekly option Super Plan Weekly option Super Plan - Fortnightly option Super Plan Fortnightly option Super Plus Plan - Daily option Super Plus Plan -Daily option Super Plus Plan - Weekly option Super Plus Plan Weekly option Super Plus Plan - Fortnightly option Super Plus Plan -Fortnightly option FY $ Regular Plan - Daily option Regular Plan - Weekly option Regular Plan - Fortnightly option Super Plan - Daily option Super Plan - Weekly option Super Plan - Fortnightly option Super Plus Plan - Daily option Super Plus Plan - Weekly option Super Plus Plan - Fortnightly option Name Date Ratio MMF-Super Plus Plan - Option# 5-August :100 MMF-Super Plus Plan - Option# 5-August :100 taxes wherever applicable. Past performance may or may not be sustained in future. The face value per unit is `10/-. $ Includes Distribution Tax. # Pursuant to allotment of units, the NAV of the /Option falls in proportion to the bonus units allotted. However, the total value of units held by the investor on the record date would remain the same. JM Floater Long Term Fund (w.e.f. December 28, 2012, the name has been changed to JM Floater Long Term Fund) Financial Year Plan FYTD* (` per unit) FY $ option - Daily option Daily option

13 Weekly option Weekly option Premium Plan - option Premium Plan - Weekly option Premium Plan - Daily Option FY $ option - Daily option Daily option Weekly option Weekly option Premium Plan - option Premium Plan - Weekly option Premium Plan - Daily Option FY $ Regular Plan - option - Regular Plan - Daily option Regular Plan - Weekly option Premium Plan - option Premium Plan - Weekly option Premium Plan - Daily Option The face value per unit is `10/-. $ Includes Distribution Tax. JM Floater Short Term Fund (w.e.f. December 28, 2012, the name has been changed to JM Floater Short Term Fund) Financial Year Plan JM EQUITY SCHEMES AT A GLANCE Introduction of no Entry Load and treatment of Exit Load. In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load is being charged for fresh purchase / additional purchase / switch-in transactions accepted by the Fund with effect from August 1, Similarly, no entry load is being charged with respect to applications for fresh registrations under Systematic Investment Plan/Systematic Transfer Plan accepted by the Fund with effect from August 1, Also, in compliance with SEBI Circular no. SEBI / IMD / CIR No. 7 / / 2009 dated August 17, 2009, parity among all classes of unit holders in terms of charging exit load is made applicable at the portfolio level with effect from August 24, Load Structure: Entry Load: for all Open-ended Equity s. Exit Load: As mentioned in the table hereunder: Minimum criteria for Investment & Redemption Purchase : ` 5000/- for normal transactions other than through SIP/STP in all schemes. `500/- or in multiples of `500/- each in JM Tax Gain Fund. Additional Purchase : ` 1,000/- or any amount thereafter in all schemes except JM Tax Gain Fund. Repurchase : Minimum redemption from existing Unit Accounts for normal transactions other than through STP/SWP would be a) ` 500 and any amount thereafter OR b) 50 units or any number of units there after subject to keeping a minimum balance of 500 units or ` 5000/- whichever is less. c) for all the units in the folio for the respective plan if the available balance is less than ` 500/- or less than 50 units on the day of submission of valid redemption request. Reckoner and Default Options In case an investor fails to specify his preference of Options/Sub-Options, in the below mentioned schemes, the default Options/ Sub-Options would be as under : EQUITY SCHEMES FYTD* (` per unit) FY $ Daily Option Daily Option FY $ Daily Option Daily Option FY $ Daily Option The face value per unit is `10/-. $ Includes Distribution Tax JM Short Term Fund Financial Year Plan FYTD* (` per unit) FY $ Regular - Option Regular - Daily Option Option Option Daily Option Daily Option FY $ Regular - Option Regular - Daily Option Option Option Daily Option Daily Option FY $ Regular Plan - Option Inst. Plan - Option Regular Plan - Daily Option Inst. Plan - Daily Option The face value per unit is ` 10/-. $ Includes Distribution Tax. JM Income Fund Financial Year Plan FYTD* (` per unit) FY $ Quarterly Option Quarterly Option 0.50 FY $ - - FY $ - - The face value per unit is `10/-. $ Includes Distribution Tax. JM G-Sec Fund Financial Year Plan FYTD* (` per unit) FY $ Quarterly Option Quarterly Option 0.50 FY $ - - FY $ - - The face value per unit is `10/-. $ Includes Distribution Tax. *FYTD: Financial Year to Date Currently available facilities Sr. no. s Allotment Date Plan Options Sub Options Default Option Default Sub Option Exit Lock-in Redemption Time# 1 JM - Arbitrage Advantage Fund 2 JM Balanced Fund 3 JM Basic Fund July 18, 2006 April 1, 1995 June 2, % 30 Days 1.00% 365 Days 1.00% 365 Days T+3 (*) Business Days T+3 Business Days T+3 Business Days