Money Tree

Salient Features

Fund opens on : DECEMBER 28,2006
FUND closes on : MARCH 29,2007
Trustee : JM Financial Trustee Company Private Limited
Benchmark Index : The performance of JM Equity Tax Saver Fund-Series 1 will be benchmarked with the BSE 200 Index.

Redemption of units provided only after 3 years Lock-In period from the date of allotment of units.(under the scheme)

Investment Objective :
The investment objective of the fund is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, permitted under the Income Tax Act, 1961 from time to time.

Asset Allocation Pattern
Security : Maximum Exposure : Risk Profile
Equity and equity related securities : 80%-100% : Medium-High
Money Market Instruments/Debt : 0%-20% : Low-Medium

Load Structure :

During the New Fund Offer period :
Entry Load : Not applicable
Exit Load if redeemed : Nil
Entry/Exit Load on an ongoing basis
Entry Load :
In respect of each purchase/switch-in of units less than Rs.3 crores in value : 2.25%
In respect of each purchase/switch-in of units equal to/greater than Rs. 3 crores in value : Nil
Exit Load : Nil

There would be no entry load, but an exit load of 2.25% on investments through STF and SIF.

Annual Scheme Recurring Expenses(annual basis)
JM Equity Tax Saver Fund-Series 1 : Particalars(as a % of Applicable NAV)
Investment Management and Advisory Fee : 1.25%
Trustee Fee : 0.05%
Statutory expenses, Custodian fees,Registrar
& Transfer fees, Audit fees and other
expenses permitted under Regulation52(4)(b) 1.20%
Total 2.50%