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JM Financial Mutual Fund has notified the following changes in the load structure of its equity schemes: Systematic investment plan under equity schemes will attract an entry load of 2.25 per cent and an exit load of 1 per cent, if redeemed within one year from the date of investments. In case of STP (systematic transfer plan), there will be no entry load, but an exit load of 2.50 per cent shall be charged if the redemption is made within 2 years.

JM Multi Strategy Fund will charge an entry load of 2.25 per cent for investments that are less than Rs 3 crore. An exit load of one per cent will be charged if redeemed within one year for investments less than Rs 3 crore and 0.50 per cent will be charged if redeemed within three months for investments more than or equal to Rs 3 crore. These changes are effective from the October 3.

Mutual funds which have discontinued their insurance offering along with SIP are likely to start again. With a meeting held between the regulatory authorities – Insurance and Regulatory Development of India (IRDA) and Securities and Exchange Board of India a decision was made that the fund houses could restart the above mentioned offer with their schemes.

IRDA has informed Life Insurance Council to put the earlier decision on hold.

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