The Hindu Business Line : JM Financial unveils equity fund

JM Financial Mutual Fund on Tuesday announced the launch of `JM HI FI Fund', an open-ended equity scheme that will invest in equities and equity-oriented securities of companies in housing, infrastructure, and financial services sectors.

The new fund offer (NFO) commenced on February 20 and closes on March 20, during which the fund will not charge any entry load.

Ms Dipti Neelakantan, Acting CEO, said in a release: "After several years of hiatus, infrastructure investment is witnessing a pick-up, current levels of spending are at around 3.5 per cent of GDP. Over the next few years, we expect Government initiatives in some of the key sectors as roads, railways, ports, airports, and telecom to accelerate. This indicates significant opportunities for sectors associated with infrastructure development, housing, and financial institutions."

Mr Sandeep Neema, Equity Fund Manager, said that it was expected that the next few years will see above average growth in infrastructure, housing, and financial sectors.

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