Introducing a mutual fund

that moves to the markets’ tune.

NFO Closes
th (An Open Ended Equity Oriented Scheme)

29 August, 2008.
JM Multi Strategy Fund is an open ended equity scheme from JM Financial
Mutual Fund. The objective is to provide capital appreciation by primarily
investing in stocks using a dynamic investment strategy related to the
expected market scenario in the future. JM Multi Strategy Fund aims to
vary its portfolio based on the expected market outlook and decide
on a strategy which will be followed for the ensuing period.
What is JM Multi Strategy Fund all about ?
JM Multi Strategy Fund is a fund that has an active investment strategy which
adapts to the changing markets. Identifying the future market scenario and
identifying stocks that are likely to outperform will be critical to managing the
fund. JM Multi Strategy Fund will seek to adopt a portfolio strategy depending
on the prevailing market conditions; the scheme will either adopt a growth or
a value style of investing. During bullish market conditions, the scheme will
act like an aggressive growth fund with a concentrated portfolio of say 25 to
30 stocks and a targeted portfolio beta of greater than 1. However, in a
bearish market, the scheme will have a low volatility conservative portfolio of
a larger number of stocks in the range of 40 to 60 stocks with a targeted
portfolio beta of less than 1. The scheme may have to regularly churn its
portfolio at periodic intervals in order to achieve the investment objective and
as such the portfolio turnover ratio could be high.
Why JM Multi Strategy Fund ?
During the past three years, we have seen that the markets have been
excessively volatile. There have been periods of excessive bullishness
followed by a downturn in the market. Normally schemes of mutual funds will
tend to have a static strategy. For example, a small and mid cap fund will be
focused on investing in the small and mid capitalization companies. On the
other hand, there might be theme based funds, like infrastructure or services
sector funds, which focus on a particular segment of the market.
JM Multi Strategy fund, a unique scheme from the stable of JM Financial
Mutual Fund, is such a fund, which by its mandate will have a dynamic
strategy rather than a static one. Our experienced fund management and
research team will employ both fundamental and technical analysis to
successfully implement this strategy. This dynamic approach will primarily
target to generate steady returns in all market conditions.
Scheme Highlights:
Investment objective
The investment objective of the scheme is to provide capital appreciation by
investing in equity and equity related securities using a combination of
strategies.
Load Structure (During and post NFO)
Entry Load
In case of investments < Rs. 2 crores : 2.25%;
In case of investments >= Rs. 2 crores : Nil
In case of investments made through Systematic Investment Plan : Nil
Exit Load
In case of investments < 2 crores : 1% if redeemed within 1 year of allotment /
transfer of units.
In case of investments >= 2 crores : 0.5% if redeemed within 3 months of
allotment/ transfer of units.
In case of investments made through Systematic Investment Plan: 2.25% if
redeemed within 2 years of allotment / transfer of units of respective
instalments.
Investment Options
During the New Fund Offer period, the scheme will offer investors the following
investment options: (i) Growth Option and (ii) Dividend Option.
The Dividend Option will offer investors the facilities of:
(a) Dividend Payout and (b) Dividend Reinvestment.
Minimum Subscription / Redemption Amount
• Minimum amount of Rs. 5,000/- per Plan / Option and in multiples of any
amount thereafter during the New Fund Offer period, and in case of first
time investments. For ongoing investments in an existing folio the
investment would be Rs. 1,000/- and in multiples of any amount thereafter.
• Minimum redemption from existing Unit Accounts would be Rs. 500 or 50
units Any redemption in excess thereof may be in multiples of Re.1/- subject
to keeping minimum balance of Rs. 5000 or 500 units, whichever is less.
Liquidity
Purchase / switch-in and redemptions / switch-outs on all business days
at NAV based prices.

(An Open Ended Equity Oriented Scheme)

For more information, SMS JM to 56161
or call our toll-free number 1800-22-3132.
JM Financial Asset Management Pvt Ltd, 5th Floor, 'A' Wing, Laxmi Towers, Bandra Kurla Complex, Mumbai - 400051.
Tel.: 022 - 3987 7777 | Fax: 022 - 2652 8377 / 78 | E-mail: mktg@jmfinancial.in | www.JMFinancialmf.com

Statutory Details: Trustee: JM Financial Trustee Company Private Limited. Investment Manager: JM Financial Asset Management Private Limited. Sponsor: JM Financial Limited.
Risk Factors: Mutual fund investments are subject to market risks and there is no assurance or guarantee that the objectives of the schemes will be achieved. As with any investment in securities, the Net
Asset Value (NAV) of the units issued under the schemes can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor / AMC / Schemes of JM
Financial Mutual Fund does not indicate the future performance of the schemes of JM Financial Mutual Fund. The Sponsor is not responsible or liable for any loss resulting from the operation of the fund beyond
the initial contribution made by it of an aggregate amount of Rupees One lac towards setting up of the Mutual Fund, which has been invested in JM Equity Fund. The Scheme should have a minimum of 20
investors and no single investor should account for more than 25% of its corpus. In case of non-fulfillment with either of the aforesaid conditions in a three months time period or at the end of the succeeding
calendar quarter, whichever is earlier, from the close of the NFO of the Scheme, or on an ongoing basis, for each calendar quarter, the Scheme shall be wound up by following the guidelines prescribed by SEBI.
In case of Non-fulfillment with either of the above two conditions immediately after the close of the NFO i.e. at the time of allotment, the provisions of regulation 39 (2)I of the SEBI (Mutual Fund) Regulations,
1996, would become applicable automatically without any reference from SEBI. JM Multi Strategy Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its
future prospects or returns. Investors in the Scheme are not being offered any guaranteed / indicative returns. Please see “Risk Factors”, “Scheme-specific Risk Factors and Special Consideration” and “Right
to limit redemptions” in the Offer Document. Please refer to the Offer Document of the scheme which can be obtained free of cost from any of the JM Financial Mutual Fund Investment Service Centres or
distributors. Please read the Offer Document carefully before investing.

Mutual fund investments are subject to market risks.

Please read the Offer Document carefully before investing.