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Nilanjan Dey

Kolkata , Feb. 3

JM Mutual Fund has lined up two equity-oriented sectoral funds with their main focus on financial services and telecommunications.

The first will identify banks, FIs, NBFCs and housing finance companies for investment. The second is based on the premise that the Indian telecom industry is set to emerge as one of the fastest growing in the world (despite the relatively low penetration).

In normal circumstances, a minimum 80 per cent of the assets will be allocated to equities, according to the offer document filed with SEBI.

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