JM Monthly Income Plan Direct Growth is a Hybrid Mutual Fund Scheme launched by JM Financial Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Shalini Tibrewala is the Current Fund Manager of JM Monthly Income Plan Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹5 Cr and the Latest NAV as of 30 Dec 2016 is ₹25.33.
The JM Monthly Income Plan Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
To generate regular income by way of investments in fixed income securities. The fund would also aim to achieve capital appreciation through investing a portion of its assets in equity related securities.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment