JM INTERVAL FUND - Q1 Quarterly

Transcription

1 Scheme is open for subscription from 16th June 2011 to 20th June 2011 JM FINANCIAL MUTUAL FUND JM INTERVAL FUND - QUARTERLY PLAN 1 (JM QIF - 1) (A close-ended income fund offering fixed maturity plans) JM Financial Trust Asset is Management always the Private answerlimited Corporate Office : 5th Floor, Apeejay House, 3, Dinshaw Vachha Road, Near K. C. College, Churchgate, Mumbai Tel. No -(022) Fax No.: (022) investor@jmfinancial.in Website: Resident Non-Resident (please ) as per your status Serial No: JM Interval Fund Q1 DISTRIBUTOR INFORMATION FOR OFFICE USE ONLY Name & Broker Code/ARN Sub-Agent/Broker Code In-House number as per K-BOLT Date, Time and Number as per Time Stamping Machine Upfront commission shall be paid directly by the investor to the AMFI registered Distributor based on the investor s assessment of various factors including the service rendered by the distributor. INVESTMENT DETAILS (Refer instruction No. 5)* Scheme Name Plan Sub-plan Option / Sub-Option JM INTERVAL FUND - Q1 Quarterly Regular (Minimum Investment Rs. 5,000/-) Institutional (Minimum Investment Rs. 5,00,000/-) Growth Option* Dividend Option *In case of any ambiguity / incomplete information, the default plan / option / sub-option will be applicable as per the scheme s Key Information Memorandum & Scheme Information Document. 1. EXISTING UNIT HOLDER S information (Please fill in your details mentioned below and proceed to section 4) Folio No. 2. APPLICANT INFORMATION (It is mandatory to submit verified copy of PAN proof for all investments failing which application will be rejected) (Pls Refer instruction no. 9) (To be filled in block letters. Use one box for one alphabet, leaving one box blank between name and surname) Full Name of Sole/1st Applicant/Minor/Non-individual: Date of Birth Payout D D M M Y Y Y Y Full Name of Guardian (in case of Minor) / Contact Person (In case of non-individual investors) / Karta (in case of HUF) / Partner (in case of Partnership Firm): Relationship with Minor [Pl. 4] Mother Father Legal Guardian Address (DO NOT REPEAT NAME) in full of Applicant/Parent OR Guardian of Minor. Indian address in case 1st Applicant is NRI/FII/PIO (Post Box No. alone is not sufficient) * All correspondence after the allotment of units will be done only at the address appearing in the Demat Account of the investor. Location/City Dist. STD Code Tel. Fax -ID Mobile No. SMS Alert Yes No (Refer instruction no. 16) Full Name of Second Applicant Full Name of Third Applicant Permanent Account Number (PAN) - Mandatory {Please submit a verified copy of PAN card for all investors. In case the 1st applicant is minor, please provide Guardian s PAN. Pls Refer to Instruction No. 9 1st Applicant Guardian (in case 1st applicant is minor) 2nd Applicant 3rd Applicant State Verified Copy of PAN Card enclosed Pl.( ) Status/Category of the 1st Applicant [Pl. 4] Pin Code Know Your Customer (KYC) mandatory for investment of Rs & Above Please refer to instruction no. 9 Pl.( ) Copy of KYC acknowledgement enclosed Copy of KYC acknowledgement enclosed Copy of KYC acknowledgement enclosed Copy of KYC acknowledgement enclosed Mode of Holding [Pl. 4] 1. Single 2. Joint* 3. Either or Survivor/s (* Default, in case of ambiguity when applicants are more than one ) Occupation of the 1st Applicant [Pl. 4] 1. Private sector service 2. Public Sector / Govt. service 3. Professional 4. Business 5. Housewife 6. Retired 7. Student 8. Agriculturist 9 Others (pl. specify) 1. Resident Individual 3. HUF 5. AOP/BOI 7. Proprietorship Firm 9. Trust 11. NRI 13. Government Body 15. Banks 16. PIO 2. On behalf of minor 4. Company 6. Partnership Firm 8. Body Corporate Listed Unlisted 10. Society 12. FIIs 14. Financial Institution 17. Others (pl.specify) JM FINANCIAL MUTUAL FUND JM INTERVAL FUND - QUARTERLY PLAN 1 (JM QIF - 1) (A debt oriented interval fund) JM Financial Asset Trust Management is always the Private answer Limited Corporate Office : 5th Floor, Apeejay House, 3, Dinshaw Vachha Road, Near K. C. College, Churchgate, Mumbai Tel. No -(022) Fax No.: (022) investor@jmfinancial.in Website: ACKNOWLEDGEMENT SLIP (To be filled in by the investor) Received an application from Mr./Ms./M/s. under JM Interval Fund - Q1 towards following. Serial No: IFQ1 Choice of Plan Choice of Sub-plan + Choice of Options + Payment Details Collection Centre s Stamp & Receipt Date and Time Quarterly Regular Institutional Dividend Option Payout Growth Option* Amt. Rs. (In Figures) Rs. (In Words) *Default option (in case of no information or ambiguity) Cheque No. Bank & Branch +Please select the appropriate sub-plan / option under offer. dated Cheque is subject to realisation

2 3. Bank Particulars (It is mandatory to furnish bank particulars failing which application shall be rejected) Bank Account No. Account Type : Savings Current NRE NRO FCNR MICR Code IFSC Code For Auto Direct Credit Facility: Please refer instruction no. 20 Bank Name Branch Address 4. DEMAT ACCOUNT DETAILS (please ensure that the sequence of names as mentioned in the application form matches with that of the Demat Account held with your Depository Participant). Do you want units of JM Interval Fund - Q1 in Demat Form (Please (4)) Yes No (if yes, please provide the below details)* National Security Depository Limited (NSDL) Central Depository Services (India) Limited (CDSL) Depository Participant Name: DP ID No. IN Beneficiary Account No. Target ID No. * in case of any ambiguity, AMC will allot units as per Demat information if given or else issue physical statement. 5. INVESTMENT AND PAYMENT DETAILS (Refer instruction nos. 6 & 8**) Please submit separate cheques for each application towards each plan/option City Depository Participant Name: Cheque /DD No. Amount Bank Account Number Bank & Branch Account (SB/CA/NRE/NRO/FCNR) Pin ** Allotment of units is subject to documents being in-order and realization of Cheque/DD. No cash payments are accepted. Please mention the application no. on the reverse of the Cheque / DD. The details of the bank account provided above pertain to my / our bank account in my / our name Yes No If No, my relationship with the bank account holder is Spouse Child Parent Relative Sibling Friend Others. Application form without this information is liable to be rejected. 6. FOR INVESTMENT BY NRI/PIO/FII Overseas Address City Country Pin/ZIP Applicable to NRIs only : I / We* confirm that I am / we* are Non-Resident of Indian Nationality / Origin and I /we* hereby confirm that the funds for subscription have been remitted from abroad through approved banking channels or from funds in my / our* Non-Resident External / Ordinary Account / FCNR Account. Please attach foreign inward remittance certificate (FIRC) / account debit certificate in case of debit to NRE / NRO account or direct remittance from abroad. Please (4) Repatriation basis Non-Repatriation For NRI(s)/PIO: Source of Fund: NRE NRO FCNR Direct Remittances from abroad 7. nomination details** (Refer instruction no. 21) (This option is valid for those investors who are opting for physical statement only. I / We at present do not wish to register nominee/s against the above folio. I/We hereby nominate the under mentioned person(s) to receive the amount to my/our credit in the event of my/our death in proportion to the percentage(%) indicated against the Name(s) of the Nominee(s). I/We also understand that all payments and settlements made to such nominee(s) shall be a valid discharge by the AMC / Mutual Fund / Trustee. No. Name & Address of the Nominee /s (upto 3 Nos.) Date of Birth (in case of Minor) Relationship with the first holder Share (%) (in multiple of 1%)* Age of the Nominee * In case of any ambiguity, the default allocation depends on the no. of nominees. i.e. 100 or 50 : 50 or 34 : 33 : 33 will be applied. For demat a/c holder the nomination registered with the DP will only be valid. ** Not permitted in case of investor investing by furnishing their Demat Account in the application. For Demat Account holders, the nomination as per their DP Account will only be valid. Guardian Name (in case of Minor) Relationship Address City Pin Signature of Nominee / Guardian (Not mandatory) 8. DECLARATION & SIGNATURES Having read and understood the contents of the Scheme Information Document of the scheme for investment and subsequent amendments thereto including the section on Prevention of Money Laundering, I/We hereby apply to the Trustee of JM Financial Mutual Fund for units of the Scheme as indicated above and agree to abide by the terms and conditions, rules and regulations of the Scheme. I/We have not received and will not receive nor will be induced by any rebate or gifts, directly or indirectly, in making this investment. I/We further declare that the amount invested by me/us in the Scheme is derived through legitimate sources and is not held or designed for the purpose of contravention of any act, rules, regulations or any statute or legislation or any other applicable laws or any notifications, directions issued by any governmental or statutory authority from time to time. It is expressly understood that we have the express authority from our constitutional documents to invest in the units of the Scheme and the AMC/Trustee/Fund would not be responsible if the investment is ultravires thereto and the investment is contrary to the relevant constitutional documents. I/We authorise this Fund to reject the application, revert the units credited, revert and reprocess, restrain me/us from making any further investment in any of the schemes of the Fund, recover/ debit my/our folio(s) with the penal interest and take any appropriate action against me/us in case the cheque(s)/payment instrument is/are returned unpaid by my/our bankers for any reason whatsoever or any error is detected at any stage. I/We hereby further agree that the Fund can directly credit all the dividend and redemption proceeds to my/our bank details given above. The ARN holder has/have disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/her/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. Signature of Sole/First Applicant/Gurdian Signature of Second Applicant Signature of Third Applicant 9. LIST OF DOCUMENTS ATTACHED {Please mention below the details of documents (other than cheque) attached with the form} 1. KYC Acknowledgement 3. Resolution 5. Total Nos. of attachments 2. Verified copy of PAN Proof 4. Authorised Signatory List (ASL) 6. To be filled in by applicant To be verified by office CHECKLIST Please ensure that your Application Form is Complete in all respects & signed by all applicants. Name, Address and Contact Details are mentioned in full. Bank Account Details are entered completely and correctly. Permanent Account Number (PAN) of all Applicants is mentioned for all investments and verified copy of Pan Card is submitted, if KYC Certificate is not submitted. Appropriate Option / Sub-option is selected. If the Dividend Option is chosen, Dividend Payout or Re-investment is indicated. If units are applied for jointly, Mode of Operation of account is indicated. KYC certification is done for investment of Rs. 50,000/- & above and KYC acknowledgement is submited. Investment Cheque/Demand Draft is drawn in favour of respective scheme you wishto apply for, dated and signed. Application Number is mentioned on the reverse of the Cheque/Demand Draft. Documents, as applicable, are submitted along with the Application Form. Accompanying documents Please submit the following documents (where applicable) with your application. All documents should be original / true copies certified by a Director/ Trustee/Company/Secretary/Authorised Signatory in case of Non Individuals and by gazette officer/notarized in case Individuals (Resident, PIOs & NRI). Partnership Investments Documents Individual HUF Companies Societies Trusts NRI Flls PIO Firms through POA Resolution/Authorisation to invest List of Authorised Signatories with Specimen signature(s) Memorandum & Articles of Association 4 Trust Deed 4 Bye-laws 4 Partnership Deed 4 Overseas Auditors Certificate 4 Notarised Power of Attorney 4 Bank confirmation of source of funds/firc 4 4 Proof of Identity Proof of Address PAN KYC (for Rs. 50,000/- and above) Registrar: Karvy Computershare Private Limited: Karvy Plaza, H. No , Avenue 4 Street No. 1, Banjara Hills, Hyderabad Tel No.: / / 751 Fax No.: services_jmf@karvy.com Note : All future communication 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 Scheme, the amount invested, date and the place of the Collection Centre / Investor Service Centre where application was lodged.

3 JM FINANCIAL MUTUAL FUND JM INTERVAL FUND - QUARTERLY PLAN 1 (JM QIF - 1) (A DEBT ORIENTED INTERVAL FUND) INSTRUCTIONS TO INVESTORS FOR FILLING UP THE APPLICATION FORM 1. Please read the Scheme Information Document containing the terms of offer. Your attention is particularly drawn to the section on Prevention of Money Laundering. All applicants are deemed to have accepted the terms upon filling the application form and tendering the payment. 2. The application form is for Resident and Non-Resident Indian (NRI) investors and should be completed in English in BLOCK Letters. Please tick (4) in the appropriate box, wherever boxes have been provided. 3. The Signature(s) may be in English or in any of the Indian languages specified in the Eighth Schedule of the Constitution of India. Thumb impressions must be attested by a Magistrate or a Notary Public or a Special Executive Officer under his/her official seal. Applications by minor should be signed by their guardians. In case of HUF, the Karta should sign on behalf of the HUF. In case of other non-individual investors, authorized signatories should sign under their official seal and designation. 4. Application form incomplete in any respect or not accompanied by the requisite documents and/or Cheque or Demand Draft (DD) for the amount payable are liable to be rejected and the money paid will be refunded without any interest thereon. An application may be accepted or rejected at the sole and absolute discretion of the Trustee, without assigning any reason whatsoever. 5. Investors are requested to indicate their choice of Plans/Sub-plans/Options/Sub-option. The Plan under the Scheme offers investors two investment options : 1.Dividend option 2. Growth option. In case an investor fails to specify his preference as to investment option, he shall be deemed to have opted to select the Growth Option. If no indication in the relevant box is given, the investment will be deemed to be for the dividend payout option. 6. Mode of Payment: The Cheque should be payable locally at the centre where the application is deposited. The Cheque should be drawn on any Bank which is situated at and is a member / sub-member of the Bankers Clearing House. Cheques drawn on a Bank not participating in the Clearing House will not be accepted. The application form number should be mentioned on the reverse of the Cheque that accompanies the application. Payments by Stockinvests/ Outstation Cheques/Outstation Drafts are liable to be rejected in the normal course. 7. Demat Account: As the units of the Scheme will also be issued in Demat form beside physical form if so mandated, applicants must ensure that the sequence of names as mentioned in the application form matches that of the account held with the Depository Participant. Client ID, Names, Address and PAN details, other KYC norms mentioned in the application form will be verified against the Depository data which will be downloaded from Depository Master. Only those applications where the details are matched with the depository data, will be treated as valid applications. If the details mentioned in the application are incomplete / incorrect, not matched with the depository data, the application shall be treated as invalid and shall be liable to be rejected. After the allotment of units, all the future correspondences will be done as per the address appearing in the demat account downloaded by registrar from time to time. Hence, any change will have to be updated by investor in his Demat account. 8. For NRI Investors: Repatriable Basis: Payments by NRIs/ FIIs/Persons of Indian Origin (PIOS) may be made by either inward remittances through normal banking channels or out of funds held in Non-Resident External Rupee Account (NRE)/ Foreign currency Non Resident account (FCNR). In case Indian Rupee drafts are purchased abroad or cheque is issued from NRE/FCNR Account, a Foreign Inward Remittance Certificate (FIRC) / an Account Debit Certificate respectively from the bank confirming the debit shall be enclosed. Non-repatriable Basis: Payments by NRIs/ FIIs/Persons of Indian Origin (PIOS) may be made either by inward remittances through normal banking channels or out of funds held in NRE/FCNR/ Non- Resident Ordinary Rupee Account (NRO). In case Indian Rupee drafts are purchased abroad or cheque is issued from NRE/FCNR Account, FIRC/an Account Debit Certificate respectively from the bank confirming the debit shall be enclosed. For Subscription made by NRE/FCNR/NRO Account cheque, the application form must be accompanied with photocopy of the cheque an Account Debit Certificate respectively from the bankers. AMC Branches will be only accepting the NRI/FII/PIO applications along with necessary documents as above during NFO period. 9. Statutory Details: As per SEBI Circular nos. IIMARP/ MF/CIR/07/826/98 dated April 15, 1998, and IMD/ CIR/No. 6/4213/ 04 dated March 1, 2004, it is mandatory for applicants to mention their bank details in their applications for purchase or redemption of units. In accordance with Circular dated April 27, 2007 issued by the Securities and Exchange Board of India ( SEBI ), Permanent Account Number ( PAN ) issued by the Income Tax authorities will be used as the sole identification number for all investors (existing and prospective) transacting in the securities market, including mutual funds, irrespective of the amount of transaction. In view of the above, with effect from January 1,2008 it is mandatory for all existing and prospective investors (including joint holders, guardians of minors, NRIs etc) to enclose a verified copy of PAN proof along with the application for any transaction in the schemes of JM Financial Mutual Fund. The verification of the PAN from the original PAN card can be done by any of the following under his/her signature, rubber stamp and date any ARN holder if the PAN proof is self attested by Investor Bank Manager, notary, officials of JM Financial Mutual/ Investor Service Centres of Karvy Computershare Pvt. Ltd. Investors transacting through approved Web Portals are also required to get their PAN verified by their Web Portals, Provided their documents have been submitted by the web portals as mandated by SEBI vide circular dated 13/12/09. In case, the investor does not conform to the above requirement of submission of verified copy of PAN or produces original PAN proof for verification or the PAN details as per furnished verified copy of PAN proof does not match with the Website of Income Tax Deptt. as prescribed by SEBI, the AMC reserves the right to reject the application before/after allotment and refund the investment amount, without any interest. 10. Documents required : In case of an application under Power of Attorney or by a Company, Body Corporate, Registered Society, HUF, Trust or Partnership Firm, etc., the relevant Power of Attorney or the relevant resolution or document authorising to make the application/investment as the case may be, or duly certified copy thereof, along with the Memorandum and Articles of Association / Bye-laws / HUF Deed / Trust Deed / Partnership Deed, etc. must be lodged alongwith the application form. KYC Certification to be submitted by all investors (Individuals or Non Individuals) who wish to make an investment of Rs. 50,000 or above in a mutual fund scheme. 11. Applicants should indicate their status/category by ticking the appropriate box. Applications without a tick in the Status/ Category box will be considered as investment by Others. 12. Applicants should specify the mode of holding. In case of joint holders, the first named holder shall receive all the Account Statements, dividend/ redemption/ refund warrants and any other correspondence sent from time to time. 13. Duly completed application forms alongwith the payment instrument and required documents (as applicable) may be submitted on any business day at the Corporate Office of JM Financial MF/ Branches/ Investor Service Centres during the NFO. However, since the redeemable window is open only through the stock market. The investors have to sell the units in Secondary market his/her/their stock broker during the currency of the scheme or before maturity, if so required. Switch facility will be available only to the investor who holds physical SOA at a time of maturity. 14. No receipt will be issued for the application money. The Corporate Office/ Branch/ ISC will stamp and return the acknowledgment slip in the application form, to acknowledge receipt of the application. 15. In case of investment(s) in the scheme through switch-in(s) from any other scheme(s) of the fund, the proceeds thereof will be credited to the scheme as per current applicable service standard. 16. In the event of inadvertent allotment, the AMC reserves the right to revert the transaction and refund the investment amount without any interest or revert and reprocess, as the case may be. 17. Investment Plans & Options The Scheme will launch nine quarterly plans. The duration of each quarterly plan will be 91 days. 18. Mobile / Communication Unitholders can obtain financial and non-financial information about their transactions eg. sale, purchase, dividend declarations, etc. through SMS Alerts. This facility is offered free of cost to all unitholders whose mobile numbers are registered with Fund / who register themselves for the facility by writing to the Registrar and Transfer Agent, mentioning their folio numbers and mobile numbers. Account Statements / Annual Reports, etc. can be sent to each Unit holder by courier / post / .. In case, an investor has provided his ID in the application form or any subsequent communication, in any of the folio(s) belonging to him/ her, the Asset Management Company ( AMC ) reserves the right to use such ID as a default mode of communication to the investor including sending of account statements for the new and existing investments for folio(s)/ investor(s) concerned. However, the AMC or Registrar & Transfer Agent will, on receipt of specific request, endeavour to provide the physical account statement to the investor within 5 business days from the receipt of such request, in terms of SEBI circular No. IMD/ CIR/12/80083/2006 dated November 20, 2006, on a case to case basis. Unit holders who have provided the id will be required to download and print the documents after receiving from the Mutual Fund. Should the Unit holder experience any difficulty in accessing the electronically delivered documents / SMS alerts, the Unit holder shall promptly advise the Mutual Fund to enable the Mutual Fund to make the delivery through alternate means. In case of non-receipt of any such intimation of difficulty within 24 hours from receiving the / SMS alert, it will be regarded as receipt of / SMS alert by the Unit holder. It is deemed that the Unit holder is aware of all security risks including possible third party interception of SMS alert / and contents of the SMS alerts / documents becoming known to third parties. The monthly / quarterly factsheets shall be displayed at the website of the Mutual Fund. The Unit holders can request for a copy of the Newsletter/Fact Sheet by post / . The AMC would arrange to dispatch these documents to the Unit holder concerned. 19. The launch dates of the Plans under the Scheme will be notified by means of a notice published in newspapers and also suitably displayed in the Investor Service Centres of the AMC and on the AMC s website at Direct Credit Facility The AMC will automatically credit the investor s account with maturity / dividend proceeds if the bank mandate registered for the account is in any of the following banks with which the AMC has direct credit facility for investors whose demat a/c details are not furnished. 1 - ABN Amro Bank 2 - AXIS Bank 3 - BNP Paribas Bank 4 - Citibank 5 - Deutsche Bank 6 - Development Credit Bank 7 - HDFC Bank 8 - HSBC Ltd. 9 - ICICI Bank 10 - IDBI Bank 11. Indusind Bank 12 - ING Vysya Bank 13 - Kotak Mahindra Bank 14 - Stanchart Bank & 15 - Yes Bank. The AMC may also effect the credit through NEFT/ECS/RTGS as an when started provided all the required informations are available. For Demat Account holders, maturity/dividend proceeds will be credited into their account through their DP. 21. NOMINATION Physical: Nomination can also be in favour of the Central Government, State Government, a local authority, any person designated by virtue of his office or a religious or charitable trust. The Nominee shall not be a Trust (other than a Religious or Charitable Trust), Society, Body Corporate, Partnership Firm, Karta of a Hindu Undivided Family or a Power of Attorney holder. A Non-Resident Indian can be a Nominee subject to the Exchange Control Regulations of RBI, in force, from time to time. Nomination in respect of the units stands rescinded upon the transfer of units. Transfer of units in favour of a Nominee shall be valid discharge by the Asset Management Company against the legal heir. Since the units of the Scheme will also be held in electronic mode in the Depository (DP) Account of the unitholders,the nomination details provided by the unit-holder to the depository will be applicable to the units of the Scheme. Such nomination including any variation, cancellation or substitution of Nominee(s) shall be governed by the rules and bye-laws of the Depository. Payment to the nominee of the sums shall discharge the Fund of all liability towards the estate of the deceased unit holder and his/her legal successors/legal heirs. In case of multiple nominations under physical mode of SOA, it is mandatory for unitholders to indicate the percentage allocation in favour of the nominees in the nomination forms/ requests letter in whole numbers such that it totals to 100%, so that the AMC can execute its obligations to the unitholders. If the percentage allocation is not mentioned or is left blank, the AMC shall apply the default option of equal distribution among all the nominees as designated by the deceased Unitholder. In case of 3 nominees where allocation is not defined, the allocation by default will be 34%, 33% and 33% respectively for each nominee in the sequential order. Demat: In case the investors provide both their Demat Account details and Nomination details in the application form, the nomination details as available with the Depository Participant Shall be Considered. Nomination can be made only by the individuals holding beneficiary (DP) accounts either singly or jointly. Nonindividuals including society, body corporate, partnership firms, Karta of HUF, holder of power of attorney can not nominate. Only an individual including NRI can be a nominee. However nomination of NRI is subject to exchange control regulations in force from time to time. Society, trust, body corporate, partnership firm, Karta of HUF or Power of Attorney holder cannot be appointed as a Nominee. Minor can also be appointed as a nominee. However the guardian will sign on behalf of the nominee and in addition to the name and photograph of the nominee, the name and address and the photograph of the guardian must be submitted to DP. Only one nomination can be made for each depository account. The nomination form duly filled in should be submitted to the Depository Participant (DP) either at the time of account opening or later. The account holder, nominee and two witness must sign the form and the name, address and photograph of the nominee must be submitted. If the nomination was not made at the time of account opening, it can be made subsequently by submitting the nomination form. Nomination can be changed anytime by the account holder(s) by simply filling up the nomination once again and submitting it to the DP. In case nomination has been made for DP account with joint holders, in case of death of any of the joint holder(s), the securities will be transmitted to the surviving holder(s). Only in the event of death of all the joint holders, the securities will be transmitted to the nominee. In case nomination is not made by the sole holder of DP account, the securities would be transmitted to the account of legal heir(s), as may be determined by an order of the competent court. However in case where the value of securities to be transmitted is less than Rs.1,00,000/- the DP may process the request based on the submissions of necessary letter of indemnity, surety, affidavits and NOC documents. The cancellation of nomination can be made only by those individuals who hold units on their own behalf singly or jointly and who made the original nomination. On cancellation of the nomination, the nomination shall stand rescinded and the Asset Management Company shall not be under any obligation to transfer the units in favour of the Nominee.

4 KEY INFORMATION DOCUMENT JM INTERVAL FUND - QUARTERLY PLAN 1 (JM QIF - 1) NAME OF THE SCHEME: JM INTERVAL FUND 1. INVESTMENT OBJECTIVE The investment objective of the Scheme and the plans launched thereunder is 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. 2. ASSET ALLOCATION PATTERN The asset allocation pattern of the plans launched under the Scheme in normal circumstances would be as follows : Type of Plan Type of Security Normal Allocation (% of net assets) Quarterly Plan Government Securities & other fixed income/ debt securities* including but not limited to Corporate bonds and securitised debt Risk Profile 0% - 90% Low - Medium Money Market Instruments 10%-100% Low - Medium * Debt Securities will also include Securitised Debt, which may go up to 70% of the portfolio. Securitized debt will not include foreign securitized debt. The Trustee may, from time to time, pending deployment of funds of the plan(s) launched under the Scheme in securities in terms of the investment objective of the plan(s) / Scheme, invest the funds of the plan(s) / Scheme in short-term deposits of scheduled commercial banks in accordance with SEBI Circular No. SEBI/IMD/CIR No. 1/91171/07 dated April 16, Changes in investment pattern Subject to the SEBI Regulations, the asset allocation pattern and maturity profile indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute. The changes in the investment pattern will be in conformity with the investment objectives and basic nature of the Scheme and asset allocation can be altered only for a short term period on defensive considerations 3. RISK PROFILE OF THE SCHEME Mutual fund investments are subject to market risks. Please read the Scheme Information document carefully for details on risk factors before investment. 4. INVESTMENT PLANS / OPTIONS The scheme will launch nine quarterly plans. Details of plans to be launched under the scheme are as follows : Type of plan JM FINANCIAL MUTUAL FUND (A DEBT ORIENTED INTERVAL FUND) Scheme is open for subscription from 16th June 2011 to 20th June 2011 SPONSOR : JM Financial Limited TRUSTEE : JM Financial Trustee Company Private Limited REGISTRAR : Karvy Computershare Private Limited INVESTMENT MANAGER : JM Financial Asset Management Pvt Limited Corporate Office: 502, 5th Floor, A Wing, Laxmi Towers, Bandra Kurla Complex, Mumbai Tel. No -(022) Fax No.:(022) investor@jmfinancial.in Website: This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/mutual Fund, due diligence certificate by the AMC, Key Personnel, investors rights & services, risk factors, penalties & pending litigations, associate transactions etc. investors should, before investment, refer to the Offer Document available free of cost at any of the Investor Service Centres or distributors or from the website com The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. The date of this Key Information Memorandum is 14/12/2010. Duration (no. of days from the date of allotment) No. of plans to be launched Quarterly plan 91 days 9 Each plan will have an alpha / numeric name indicating the series of the Scheme and starting with the alphabet JM QIF. Thus, the quarterly plans will be named as JM QIF-1, JM QIF-2, JM QIF-3, JM QIF-4, JM QIF-5, JM QIF-6 JM QIF-7 JM QIF-8 and JM QIF- 9. Each quarterly plan will have a different portfolio; however, sub-plans / options under a plan will have a common portfolio. Each plan will adhere to the requirements of the SEBI Circular No. SEBI/IMD/Cir No.10/22701/03 dated December 12, 2003 read with SEBI Circular No. SEBI/IMD/Cir No. 1/42529/05 dated June 14, 2005 on minimum number of investors. Each scheme and individual plan(s) under the schemes should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/ plan(s). In case of close-ended scheme / plan, if either of the above two conditions are not fulfilled immediately after the close of the NFO i.e. at the time of allotment and at the time of each rollover when the plans open for fresh subscription, the provisions of Regulation 39(2) (c) of the SEBI (Mutual Funds) Regulations, 1996, would become applicable automatically without any reference from SEBI. Accordingly, the scheme / plans shall be wound up by following the guidelines prescribed by SEBI and the investors money would be redeemed at applicable NAV. The scheme will have perpetual existence. However, the scheme may be liquidated any time prior to the expiration, under the following circumstances: On the happening of any event which, in the opinion of the board, requires the scheme to be wound up. If seventy five per cent of the unitholders pass a resolution that the scheme be wound up. If SEBI so directs in the interest of the unit holders. The Trustee may introduce one or more sub-plans that may be envisaged at a later date under any of the quarterly plans under the scheme with differential fee structure, load structure, options (dividend / growth), minimum subscription amount, etc. depending upon the market conditions prevailing at the time of launch of the quarterly plan(s) and taking into consideration the interests of the unitholders and subject to the SEBI Regulations. The investment management fees will be uniform across various sub-plans launched under a plan. Investors will be suitably informed by publishing a notice in a newspaper or through any other means as the trustee may consider appropriate. The Quarterly Plans under JM Interval Fund offer investors the choice of the following subplans (a) Regular plan (b) Institutional Plan Investors are requested to indicate their preference while investing in the Scheme. In case an investor fails to specify his preference of the sub-plan, he shall be deemed to have opted as under if the investment amount is less than Rs. 5 lacs, the default option would be the Regular Plan and if the investment amount is equal to and more than Rs. 5 lacs, the default option would be the Institutional Plan. Each Sub-Plan will have a Growth and Dividend option. Under the Dividend Option, an investor has only Payout Option. Each Plan will have a separate portfolio; however, subplans / options under a Plan will have common portfolio. 5. Applicable NAV and Cut-Off Timings For Purchases/ Redemptions/ Switch -Ins/ Switch Outs Redemption/ Switch out requests time stamped up to 3.00 p.m. on 23rd & 24th June, 2008 will be processed at ex-dividend NAV on 24th June, For investment through fresh purchases/ switch in requests time stamped up to 3:00 p.m. on the above specified transaction period, the units will be allotted on 24th June, 2008 at applicable ex-dividend NAV. For those investors who do not redeem/switch out their investments during the specified transaction period, the existing investment will be automatically rolled over for the next cycle of 91 days on 24th June, The next specified transaction period for the existing investors would be 22nd September, Further, the specified transaction period for the Plans under JM Interval Fund will be the 91st day from the closing date of the immediately preceding Specified Transaction period of the respective Plan, for e.g. The next specified transaction period for Quarterly Plan 1 of JM Interval Fund would be the 91st day from 24th June, The Applicable NAV for switching out of the existing open-ended funds will be the NAV of the Business Day on which the switch request, complete in all respects, is accepted by the AMC, subject to the cut-off time and other terms specified in the Offer Documents of the respective existing open-ended Schemes. Similarly the applicable NAV for switching out of the existing close - ended funds will be the applicable NAV (after considering applicable loads, unabsorbed initial issue expenses, etc) on the specified repurchase date for such Plan(s), subject to the switch request, complete in all respects, being accepted by the AMC. The switch would also be subject to the availability of repurchase facility and other terms specified in the Offer Document of the respective existing closed-end Schemes. The Fund will endeavor to dispatch the redemption cheque / draft within 10 business days from the date on which the redemption transaction is effected. 6. MINIMUM AMOUNT OF SUBSCRIPTION / REDEMPTION An application during the new fund offer should be for a minimum of Rs. 5,000/- for the retail plan and Rs. 5,00,000/- for the institutional plan and in multiples of Re. 1/- thereafter. However, there is no upper limit for investment. Minimum redemption from existing Unit Accounts would be Rs. 500 or 50 units subject to

5 applicable exit load, if any. Any redemption in excess thereof may be in multiples of Re.1/- subject to keeping minimum balance of 500 units. Unitholders can redeem the units generally on the Specified Transaction Period without exit load or during the 1st 5 Business Days of every Calendar Month with applicable exit load. If the maturity redemption date falls on a holiday, the redemption date would be the next business day. 7. DESPATCH OF REPURCHASE (REDEMPTION) REQUEST All redemption payments would be in favour of the Unitholder s registered name with bank mandate wherever applicable. The Fund will endeavour to dispatch the redemption cheque/ draft within 10 Business Days from the date on which the redemption transaction is effected. The Redemption Price will be published in a daily newspaper either through an advertisement or by way of a press release on a daily basis. It will be available, however, at the office of the AMC on all business days. 8. BENCHMARK INDEX The performance of the Scheme will be benchmarked to CRISIL LIQUID FUND INDEX. 9. DISTRIBUTION OF INCOME Declaration of dividends will be subject to availability of distributable profits, as computed in accordance with SEBI (Mutual Funds) Regulations, All distribution of earnings will be out of distributable surplus and at the discretion of the Trustee. Such distribution may be by way of bonus units or by way of dividend. Under the Dividend Option, dividends will be declared at the discretion of the Trustees, subject to available surplus. In case an investor fails to select his preference, he shall be deemed to have opted for the dividend payout option. An investor of record for the purpose of dividend is an investor who is a Unitholder as of the date when dividend(s) is (are) declared. The Mutual Fund reserves the right to introduce new investment options at a later date or to alter, modify or amend in any manner, any one or all of the existing options with the prior approval of the Trustee. On payment of dividends, the NAV will stand reduced by the amount of dividend and dividend tax (if applicable) paid 10. NAME OF THE FUND MANAGER The fund manager for the Scheme is Ms. Shalini Tibrewala. 11. NAME OF THE TRUSTEE COMPANY JM Financial Trustee Company Private Limited 12. PERFORMANCE OF THE SCHEME As JM Interval Fund is a new scheme, as per requirement of the SEBI circular on Key Information Memorandum, returns of JM Fixed Maturity Fund - Series VI have been provided as under : Latest performance of the Scheme as on 30th May, 2008 Name of Scheme / Plan Returns since inception (%) Benchmark Returns# (%) JM Interval Fund -Quarterly Plan-1-Growth (Inception Date*: 27/12/2007) JM Interval Fund -Quarterly Plan-2-Growth (Inception Date*: 08/01/2008) JM Interval Fund -Quarterly Plan-3-Growth (Inception Date*: 12/02/2008) JM Interval Fund -Quarterly Plan-4-Growth (Inception Date*: 21/02/2008) JM Interval Fund -Quarterly Plan-5-Growth (Inception Date*: 26/02/2008) JM Interval Fund -Quarterly Plan-6-Growth (Inception Date*: 29/02/2008) * Inception date = Allotment date. #Benchmark = I-Sec Bond Index Note: Absolute Returns for period < 1 year. Past performance may or may not be sustained in future. 13. EXPENSES OF THE SCHEME i) NEW FUND OFFER EXPENSES As per the Regulations, the total New Fund Issue Expenses chargeable to the Scheme are subject to a maximum of 6% of the amount collected during the New Fund Offer Period. In this scheme, the New Fund Issue expenses will be fully borne by the AMC. ii) Load Structure The load structure for JM Interval Fund during new fund offer period and for ongoing redemptions is given as follows : Plan Entry Load Exit Load Quarterly Plan Nil 1%* * If the investor redeems at any time other than the Specified Transaction Period. No load on redemption during the Specified Transaction Period. iii) Annual Scheme Recurring Expenses The maximum recurring expenses that can be charged to a Plan under the Scheme, on an annual basis are as under: Particulars (as a % of Applicable NAV) JM Interval Fund Investment Management & Advisory Fee 1.25 % Trustee Fee 0.05 % Marketing and Selling Expenses 0.55 % Custodian Expenses 0.20 % Registrar and Transfer Agent Fee, Audit Fee and other expenses permitted under Regulation 52(4)(b) 0.20 % TOTAL 2.25 % The maximum expenses that may be incurred under any new sub-plan(s) that may be introduced under any plan launched under the Scheme will be within the limits mentioned above; however, the investment management fees will be uniform across various sub-plans launched under a plan. The estimated maximum recurring expenses that can be charged to a sub-plan launched under any Plan under the Scheme, on an annual basis are given below : Particulars (as a % of Applicable NAV) Regular Plan Institutional Plan Investment Management & Advisory Fee 0.25 % 0.25 % Trustee Fee 0.05 % 0.05 % Marketing and Selling Expenses, Custodian Expenses, 0.70% 0.50% Registrar and Transfer Agent Fee, Audit Fee and other expenses permitted under Regulation 52(4)(b) TOTAL 1.00 % 0.80 % The purpose of the above tables is to assist the investor in understanding the various costs and expenses that an investor in any Plan under the Scheme will bear directly or indirectly. While these estimates have been made in good faith on the basis of information available with the Fund, there can be no assurance that actual expense, under any particular head will not be more or less than such estimate. The AMC reserves the rights to revise the fees payable to the service providers from time to time. The total expenses, however, will be maintained within the limits mentioned under Regulation 52(6) of the SEBI Regulations. The Trustee reserves the right to charge a lower / differential fee structure for the Scheme or any Plan / Option under the Scheme. As per the Regulations, in case of debt schemes, the maximum recurring expenses including investment management and advisory fee that can be charged to the Plan / Scheme shall be subject to a percentage limit of weekly net assets as in the table below: First Rs. 100 crores Next Rs. 300 crores Next Rs. 300 crores For the balance assets 2.25% 2.00% 1.75% 1.50% 14. TAX TREATMENT FOR INVESTORS 14.1 TAX BENEFITS The following tax benefits are available to investors and the Fund under the present taxation laws. The information set forth below is based on the advice of the Fund s tax advisor and is included for general information purposes only. The information set forth below reflects the law and practice as of date of this Scheme Information Document. Investors/ Unit holders should be aware that the relevant fiscal rules or their interpretation may change. There is a possibility that the tax position prevailing at the time of an investment in the Scheme can change thereafter. Mutual Fund will pay / deduct taxes as per tax law applicable on relevant date. The investor will have not have any recourse in case of additional tax liability imposed due to changes in the tax structure in the future. It may be noted that investors/ unitholders are responsible to pay their own taxes. Investors/ unitholders should consult their own tax advisor with respect to the tax consequences applicable to them for participation in the scheme. The Tax Benefits to the Mutual Fund and the Unit Holders is also stated in the Statement of Additional Information. i. TAX BENEFITS TO THE MUTUAL FUND JM Financial Mutual Fund is a Mutual Fund registered with the Securities and Exchange Board of India and hence the entire income of the Fund will be exempt from income-tax in accordance with the provisions of Section 10(23D) of the Income-tax Act, 1961 (the Act). The Fund is entitled to receive all income without any deduction of tax at source under the provisions of Section 196(iv), of the Act. On income distribution, if any, made by the Fund, to its unitholders of a Debt Fund, being Individuals and Hindu Undivided Family, income distribution tax will be payable under Section 115R of the Act, at the rate of % (exclusive of surcharge and additional surcharges called Education Cess and Secondary and Higher Education Cess on income-tax), and on income distributed to other unitholders, income distribution tax would be payable at the rate of 20% (exclusive of surcharge and additional surcharges called Education Cess and Secondary and Higher Education Cess on income-tax), In case of Liquid Funds and Money Market Funds, the rate of Income Distribution Tax is 25% (exclusive of surcharge and additional surcharges called Education Cess and Secondary and Higher Education Cess on income-tax). ii. TAX BENEFITS TO THE UNITHOLDERS INCOME TAX As per Section 10(35) of the Act, any income other than capital gain received in respect of units of a mutual fund specified under Section 10(23D) will be exempt from income-tax in the hands of the unitholders. CAPITAL GAINS TAX

6 Long-term capital gains on sale of units of Mutual Funds other than equity oriented funds are not exempt from income tax under Section 10(38) of the Act in the hands of unit holders. The provisions for taxation of long-term capital gains for different categories of assessee are explained hereunder : i) For Individuals, HUFs, Partnership Firms, Non-residents, Indian Companies, Foreign Companies Long-term capital gains in respect of Units of Mutual Fund held for a period of more than 12 months will be chargeable under Section 112 of the Act, at a rate of 20% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. Capital gains would be computed after taking into account cost of acquisition as adjusted by Cost Inflation Index notified by the Central Government and expenditure incurred wholly and exclusively in connection with such transfer. In the case where taxable income as reduced by long term capital gains is below the exemption limit, the long term capital gains will be reduced to the extent of the shortfall and only the balance long term capital gains will be charged at the flat rate of 20% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. It is further provided that an assessee will have an option to apply concessional rate of 10% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable, provided the long term capital gains are computed without substituting indexed cost in place of cost of acquisition. ii) For Non-resident Indians Under Section 115E of the Act, for non-resident Indians, income by way of longterm capital gains in respect of Units is chargeable to tax at the rate of 20% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. Such long-term capital gains would be calculated without indexation of cost of acquisition. iii) For Overseas Financial Organisations (Section 115AB) and Foreign Institutional Investors (115AD) Under Section 115AB of the Act, income earned by way of long-term capital gains in respect of units purchased in foreign currency held for a period of more than 12 months by Overseas Financial Organisation will be chargeable to tax at the rate of 10%, plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. Such gains would be calculated without indexation of cost of acquisition. Similarly, the long term capital gain is chargeable to tax at the rate of 10% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable, in case of Foreign Institutional Investors covered by Section 115AD. Exemption From Long Term capital gain: Under Section 54EC of the Act and subject to the conditions specified therein, taxable capital gains, arising on transfer of a long term capital asset, shall not be chargeable to tax to the extent such capital gains are invested in certain notified bonds within six months from the date of transfer subject to an upper limit of Rs. 50 lakhs per year per tax payer. No deduction from the amount of income with reference to such investment shall be allowed under section 80C. Under Section 54F of the Act and subject to the conditions specified therein, in the case of an individual or a HUF, capital gains (subject to the exemption of long-term capital gains provided for in section 10(38) of the Act, discussed elsewhere in this Statement) arising on transfer of a long term capital asset (not being a residential house) are not chargeable to tax if the entire net consideration received on such transfer is invested within the prescribed period in a residential house. If part of such net consideration is invested within the prescribed period in a residential house, then such gains would not be chargeable to tax on a proportionate basis. For this purpose, net consideration means full value of the consideration received or accruing as a result of the transfer of the capital asset as reduced by any expenditure incurred wholly and exclusively in connection with such transfer. C. SHORT TERM CAPITAL GAINS ON TRANSFER OF UNITS Short term capital gains in respect of Units held for a period of less than 12 months is added to the total income. Total income including short-term capital gains is chargeable to tax as per the relevant slab rates. However, in case of Foreign Institutional Investors, and the companies short term capital gain will be chargeable to tax at the rate of 30% plus applicable surcharge and education cess and secondary and higher education cess. In case of foreign companies the tax rate would be 40% plus applicable surcharge and education cess. i) LONG TERM CAPITAL GAINS ON TRANSFER OF UNITS Under Section 10(38) of the Act, long term capital gains arising on sale of units of equity oriented funds are exempt from income tax in the hands of Unit holders, provided STT is charged on such sale by the Mutual Fund. ii) SHORT TERM CAPITAL GAINS ON TRANSFER OF UNITS Section 111A of the Act provides that short-term capital gains arising on sale of units of equity oriented funds are chargeable to income tax at a concessional rate of 15% plus applicable surcharge, education cess and secondary and higher education cess as applicable, provided STT is charged on such sale by the Mutual Fund. Further, Section 48 provides that no deduction shall be allowed in respect of STT paid for the purpose of computing Capital Gains. D. CAPITAL LOSSES Losses under the head Capital Gains cannot be setoff against income under any other head. Further within the head Capital Gains, long term capital losses cannot be adjusted against short term capital gains. However, short term capital losses can be adjusted against long term capital gains. Unabsorbed short-term capital loss can be carried forward and set off against the income under the head Capital Gains in subsequent eight assessment years. According to Section 94(7) of the Income Tax Act, if any person buys or acquires units within a period of three months prior to the record date fixed for declaration of dividend or distribution of income and sells or transfers the same within a period of nine months from such record date, then losses arising from such sale to the extent of income received or receivable on such units, which are exempt under the Income Tax Act, will be ignored for the purpose of computing his income chargeable to tax. Further, Sub-section (8) of Section 94 provides that, where additional Units have been issued to any person without any payment, on the basis of existing units held by such person then the loss on sale of original units shall be ignored for the purpose of computing income chargeable to tax, if the original units were acquired within three months prior to the record date fixed for receipt of additional units and sold within nine months from such record date. However, the loss so ignored shall be considered as cost of acquisition of such additional units held on the date of sale by such person. TAX DEDUCTION AT SOURCE FOR INCOME IN RESPECT OF UNITS: As per the proviso to Section 196A(1) of the Act, no tax shall be deducted at source from any income credited or paid to non-resident unitholders in respect of units of a mutual fund specified under Section 10(23D) of the Act. Similarly as per the provisions of Section 194K of the Act no tax should be withheld or deducted at source where any income is credited or paid by a mutual fund to a resident unitholders. FOR CAPITAL GAIN (a) In respect of Resident Unit holders: No tax is required to be deducted at source on capital gains arising to any resident Unit holder (under section 194K) vide circular no. 715 dated August 8, 1995 issued by the Central Board for Direct Taxes (CBDT). (b) In respect of Non- Resident Unit holders: As per the provisions of Section 195 of the Act, tax is required to be deducted at source from the redemption proceeds paid to investors; this withholding is in addition to the securities transaction tax payable, if any, by the investor. Under Section 195 of the Act, tax shall be deducted at source in respect of capital gains as under: In case of non-resident unitholders - Short term capital gains 30% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. Long term capital gains 20% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. In case of foreign company - Short term capital gains 40% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. Long term capital gains 20% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. In case of FII, tax shall be deducted at source, in respect of capital gains on redemption of units, as under: Short term capital gains 30% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. Long term capital gains 10% plus surcharge, Education Cess and Secondary and Higher Education Cess, as may be applicable. As per circular no. 728 dated October 1995 by CBDT, in the case of a remittance to a country with which a Double Taxation Avoidance Agreement (DTAA) is in force, the tax should be deducted at the rate provided in the Finance Act of the relevant year or at the rate provided in DTAA whichever is more beneficial to the assessee. SECURITIES TRANSACTION TAX Securities Transaction Tax ( STT ) is not applicable on transactions of purchase or sale of units of a debt fund. INVESTMENTS BY CHARITABLE AND RELIGIOUS TRUSTS Units of a Fund Scheme referred to in clause 23D of section 10 of the Income Tax Act, 1961, constitute an eligible avenue for investment by charitable or religious trusts per rule 17C of the Income Tax Rules, 1962, read with clause (xii) of sub-section (5) of Section 11 of the Income Tax Act, WEALTH TAX Units held under the Schemes of the Fund are not treated as assets as defined under Section 2(ea) of the Wealth Tax Act, 1957 and therefore would not be liable to wealth tax. GIFT TAX The Gift-tax Act, 1958, has ceased to apply to gifts made on or after 1 October Gifts of Units, purchased under the Schemes, would therefore, be exempt from gift-tax.