JM G-Sec Fund ADDENDUM

Transcription

1 JM G-Sec Fund ADDENDUM THIS ADDENDUM DATED SETS OUT THE CHANGES TO BE MADE IN THE OFFER DOCUMENT AND KEY INFORMATION MEMORANDUM OF JM G-SEC FUND THIS ADDENDUM IS ISSUED AS ADDITIONAL DISCLOSURE TO THE OFFER DOCUMENT OF JM G-SEC FUND WITH REGARD TO INTRODUCTION OF ADDITIONAL PLAN IN THE SCHEME JM G-Sec Fund was launched in September 1999 with three plans viz. Short Term Plan, Regular Plan and PF Plan. Unitholders were further given option to choose between Growth, Dividend and Bonus options in the Regular Plan and Growth and Dividend options in the PF plan. The Short Term Plan was redeemed and closed on 31 st January 2002 leaving only Regular and PF Plans in operation. The Trustees have now decided to introduce an additional plan in the name and style JM G-SEC Fund PF PLUS. The fundamental attributes of the new plans viz. the type of scheme, investment objectives, investment strategy, investment pattern, asset allocation and other terms of the existing scheme (as applicable to existing Regular and PF plans) like listing, fees and expenses shall continue to be the same and are applicable to this new plan without any modification or amendments. Other disclosures in the existing Offer Document of JM G-Sec Fund with regard to procedure relating to further purchase and sale of units, NAV declaration, borrowing powers etc., would also continue to remain operative for the new plan without any modification or amendments. The plan would offer the investors the choice of two options namely Growth and Dividend options. The portfolio of the new plan comprising of both the Growth and Dividend options shall be separate with that of the existing plans. Under the Growth option, there will be no distribution of income and the appreciation if any in the NAV would only be payable to the investors in the form of capital appreciation through redemption. Under Dividend option, the Trustees may consider and declare dividend at such interval subject to availability of distributable surplus as on the date of declaration of dividend. Both Growth and Dividend plan have other special features. All these special features available under the new plan JM G-Sec Fund PF PLUS are listed below in tabular form. OTHER PARTICULARS CONCERNING INTRODUCTION OF NEW PLAN (including special features): Issue opens for fresh investment Issue closes for fresh investment Open for ongoing sale and redemption Minimum Investment Amount under new plan Rs. 1,00,000/- Minimum Amount proposed to be raised Rs. 50,00,000/- Initial Offer Price Ongoing Sale Redemption Price Eligible for investment by Entry / Exit Load Offer of Rs. 10/- at par NAV based prices (subject to entry/exit load if any) Exempted PF Trust, Superannuation Gratuity Trust. Entry Load NIL Exit Load % (at applicable NAV) if redeemed (either through normal redemption or exercising FPRO) or switched out within 180 days from the date of making the investment. The exit load however, would not be applicable for cases covered under AARO and ACAWO. Options Under the Plan Dividend and Growth Options

2 Special Features of the Plan Investors under Dividend and Growth Options can exercise option for any or all of the special features available under the plan. The plan offers the following special features; l Fixed Period Redemption Option (FPRO) l Automatic Annual Reinvestment Option (AARO) l Automatic Capital Appreciation Withdrawal Option (ACAWO) Load : Currently there is no entry load charged in the plan. Exit load of 0.60% on the applicable NAV shall be charged on all redemptions made with in 180 days from the date of investment. The exit load is also applicable in case of switch-out and FPRO cases, if such switch-out/redemption is made within 180 days from the date of investment. Exit load would not be applicable for the cases covered under AARO and ACAWO. The Trustees reserve the right to introduce entry and / or exit load or a combination of both from any prospective date. The Trustees also reserve the right to change the existing exit load by either withdrawing the load or changing the load structure or reintroducing fresh load during the tenure of the plan. Any such modification / change in the entry / exit load shall be applicable on prospective basis and all investments made prior to any change in the load structure shall be charged the load as per the load structure prevailing at the time of the respective investment. Fixed Period Redemption Option (FPRO) : Exercising this option at the time of subscribing for the units (either during the initial offer period or during the ongoing sale of units), the Unitholders will be in a position to fix the redemption date for redeeming part or whole of the unit balance standing to his credit. The redemption shall be made on the pre-determined date (to be specified by the unit holder) without the Unitholders requiring to do further act or submission of document. Automatic Annual Reinvestment Option (AARO) : Exercising this option, the Unitholders will be in a position to predetermine the exact date for withdrawal and reinvestment. Unitholders to specify the pre-determined date at the time of making the investment. Automatic Capital Appreciation Withdrawal Option (ACAWO) : Exercising this option, the Unitholders will be in a position to withdraw the capital appreciation on the specified date leaving behind his original investment. The option is available to withdraw the capital appreciation on quarterly / half-yearly / annual basis. Risk Factors specific to Additional Plan: All risk factors mentioned in the Offer Document and Memorandum containing Key Information and application form of the scheme also apply to the new plan introduced under this addendum. In case of Unitholders exercising Automatic Capital Appreciation Withdrawal Option, consequent to payout of the capital appreciation, there is no guarantee that the value of investment would not fall below the investment level as all investments in mutual funds and securities are subject to market risks. Impact of Introduction of new plans to existing Unitholders: Introduction of new plan does not cause any hardship to the existing Unitholders or causes any change(s) in the fundamental attributes of the existing plans. Secondly, the portfolio of the new plan would be un-segregated with that of the existing Regular and PF Plans. We shall send a written communication on the introduction of new plan to our existing Unitholders and also publish in the newspapers as required under subregulation 15A(i) of Regulation 18. This being an open-ended scheme, wherein sale and repurchase of units are allowed on all working days, the Regulation 15A [I] stands automatically complied. INVESTORS DESIRING TO INVEST IN JM G-SEC FUND PF PLUS PLAN SHOULD READ AND UNDERSTAND THE ABOVE PLAN - SPECIFIC DISCLOSURES IN CONJUNCTION WITH THE DISCLOSURES MADE IN THE ORIGINAL OFFER DOCUMENT *********************

3 All cheques/dd to be drawn in favour of JM G-Sec Fund and crossed Account Payee Only D D M M Y Y ACKNOWLEDGEMENT SLIP

4 All cheques/dd to be drawn in favour of JM G-Sec Fund and crossed Account Payee Only D D M M Y Y ACKNOWLEDGEMENT SLIP

5 JM Mutual Fund 112, Jolly Maker Chambers No. 2, Nariman Point, Mumbai Tel. No. : Fax No.: Application Form for Resident/Non-Resident Investors JM G-Sec Fund (An Open-Ended Dedicated Gilts Scheme) Serial No. H CONTINUOUS OFFER Mktg. Associate s/broker s/ Agent s Code Number Sub-Broker Code Collecting ISC Code Date of Receipt Registrar s Serial No. The Trustee, JM Mutual Fund, Date : I/We have read and understood the Offer Document of the JM G-Sec Fund (Regular Plan, PF Plan and PF Plus Plan) and I/We hereby apply for the Units of JM Mutual Fund as stated below. I/We agree to abide by the terms, conditions, rules and regulations of the Scheme and any amendments thereof from time to time. X - Option not available for plan INVESTMENT & PAYMENT DETAILS *IPO date - 29th December, 2003 PLAN Amount Invested (in Rupees) Options {Please (! ) One } (Refer instruction No. 5 & 6) Dividend Growth MATURITY DATE (OPTIONAL) D D M M Y Y Payment Re-investment Growth Bonus* 1. Regular Plan 2. PF Plan 3. PF Plus Plan* Total Amount X X FPRO AARO ACAWO All cheques/dd to be drawn in favour of JM G-Sec Fund and crossed Account Payee Only Cheque/Draft No. Date Drawn on (Bank Name & Branch) Amount (in figures Rs.) Amount (in words) Mode of Payment : Savings Current NRE NRO NRSR If you are existing Unitholder, please state your Folio / Account Number Name of First/Sole Applicant Mr. Ms. M/s. Name of contact person (in case the applicant is not an individual) (Box No. is not sufficient) PLAN Applied for [Please tick (!)] Received from Mr./Ms./M/s Total Amount Paid Cheque/DD No(s). JM Mutual Fund 112, Jolly Maker Chambers No. 2, Nariman Point, Mumbai Tel. No. : , Fax No.: Regular Plan ( Dividend Growth) DP DRO Growth Bonus Rs. Rupees Dated INVESTOR DETAILS Pincode Date of Birth (if the applicant is a Minor) D D M M Y Y Name of Guardian (if the applicant is a Minor) Name of Father / Husband Tel. R O Fax Mobile I/We wish to receive the Account Statement via- instead of physical document : Yes No. If yes, please specify the frequency : Monthly Quarterly JM G-Sec Fund (An Open-Ended Dedicated Gilts Scheme) PF Plan ( Dividend Growth) DP DRO Growth Drawn on (Name of Bank & Branch) ACKNOWLEDGEMENT SLIP Serial No. H PF Plus Plan ( Dividend Growth) FPRO AARO ACAWO DP DRO Growth Bonus ISCs Stamp & Receipt Date and Time

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8 (For application above Rs. 50,000/- PAN/GIR No. should be specified). SIGNATURE PAN/GIR No. (1st Applicant) Circle/Ward/District 1st Applicant Name of 2nd Applicant Name of 3rd Applicant 2nd Applicant 3rd Applicant To be filled by First/Sole applicant / {!} Occupation {Please!} Mode of holding {Please!} 1.Individual 6. Partnership Firm 21. Non-Residents 1. Business 6. Housewife Single 2.On behalf of minor 7. Body Corporate 22. OCBs 2. Service 7. Student 3. HUF 8. Trust 23. FIIs 3. Professional 8. Others Joint 4. Company 9. Society 24. Others 4. Agriculture 9. Not Specified Either or Survivor 5. AOP/BOI 10. PF/Gratuity/Pension 5. Retired BANK PARTICULARS FOR DIVIDEND / REDEMPTION / REFUND, if any (This information is mandatory as per Regulation) Bank Name Branch Account No. Account Type Current Savings NRE NRO FCNR (Please!) Direct Credit for Dividend/ Redemptions (Please 3 one) PLEASE COMPLETE THIS IF YOU ARE AN NRI / FII / OCB etc. I/We confirm that I am/we are Non-Residents of Indian Nationality / Origin and that I /We have remitted funds from abroad through approved banking channels or from funds in my / our NRE /FCNRE Account. Overseas ICICI IDBI HDFC ABN Amro Citibank UTI Bank Kotak Bank StanChart Bk. FORM FOR NOMINATION (to be filled in by individual (s) applying singly or jointly) Please tick : Repatriation basis (!) One Non-Repatriation basis I / We and * do hereby nominate the person more particularly described hereunder/and/cancel the nomination made by me/us on the day of in respect of the units bearing No.. (*strike out which is not applicable) Name and of Nominee Name :... Date of Birth :... :... (to be furnished in case the Nominee is a minor) * The Nominee is a minor whose guardian is :... of the Guardian Signature of the guardian:... (* to be deleted if not applicable) Unit holder (s) Name & Signature Signature Signature Signature Name of 1st Unit holder : Name of 2nd Unit holder : Name of 3rd Unit holder : Date Date Date REGISTRAR Computer Age Management Services (P) Limited, Rayala Towers, 1st Floor, No , Anna Salai, Chennai Tel.: (044) /0179 / 0516 / Fax: (044) Note: All future communications in connection with this application should be addressed to the Registrar at the address given above, quoting full name of First/Sole Applicant, the Application Serial Number, the name of the Plan, the amount invested, date and the place of the ISCs Office where application was lodged.