JM Financial Mutual Fund has announced the merger of JM Nifty Plus Fund and JM Emerging Leaders Fund. JM Nifty Plus Fund will be merged into JM Equity Fund (surviving scheme) and JM Emerging Leaders Fund will be merged into JM Multi Strategy Fund (surviving scheme). Dividend and growth option in respective merging schemes would be merged with respective surviving schemes. In case the investor is not in agreement with the mentioned revision, investors have the option to exit without payment of any exit load. This option can be exercised from 30 June 2011 to 29 July 2011. For investors who do not redeem/switch out, the current value of their holding in respective merging schemes as on 29 July 2011 will be converted into units of respective surviving scheme, by allotting units at the applicable NAV as on 29 July 2011.
Source: http://www.thefinapolis.com/v2/Mutualfunds/MF_news.asp
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