JM Financial MF declares dividend

JM Financial Mutual Fund has approved the declaration of dividend under the JM Fixed Maturity Fund- Series V-Quarterly Plan 3. The record date for dividend is set as 14 August 2007. The AMC plans to distribute entire appreciation in the NAV as dividend. The NAV for the schemes stood at Rs. 10.10 on 9 August 2007. JM Fixed Maturity Fund- Series V-Quarterly Plan 3 is close-ended income scheme comprising various plans seeking to generate regular returns through investment in fixed income securities normally maturing in line with the time profile of the respective plan.