NFO JM Agri & Infra Fund Application Form

8/14/2019 NFO JM Agri & Infra Fund Application Form

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Serial No: AI -KEY INFORMATION MEMORANDUM & APPLICATION FORM

JM Financial Asset Management Private LimitedCorporate Office : 5 th Floor, A-Wing, Laxmi Towers, Bandra-K urla Complex

Mumbai - 400 051.Tel. No.: (022) 39877777 Fax Nos.: (022) 26528377-7Email: [email protected] W ebsite: www. JMFinancialmf.com

DISTRIBUTOR INFORMATION

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JM Financial Asset Management Private LimitedCorporate Office: 5 th Floor, A-Wing, Laxmi Towers, Bandra-K urla Complex,Mumbai - 400 051.Tel. No.: (022) 39877777 Fax Nos.: (022) 26528377-78

Email: [email protected] W ebsite: www.JMFinancialmf.com

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An o ffer for un its @ Rs. 10/ - ea ch du ring th e New Fund O ffer perio d

ACKNOWLEDGEMENT SLIP(To be filled in by th e Inv e st or )

Che qu e /DD No .Da te d :

Ba nk & Bra nch :

Colle ct io n Ce nt re s S t am p& Receipt Da te a nd Time

Amo unt Paid (Rs.)Re cei ve d f rom : Mr ./Ms./ M /s.

Pin Co de

Choice o f Opt ions/Sub -Options +

Rs. ( in Figu re s)

Rs. ( in w or ds)Dividend Option

Payout *Reinvestment**

Growth Option*

Serial No .: AI -

+Plea s e sele ct th e app ro p ria te o pt ion/sub -o pt ion und er o ffer . *De fau lt o pt ion/sub -o pt ion ( in c ase o f n o informa tion or am b igu ity) ** Divide nd rei nv e st me nt f acility w ill be availa b le o n ly a fter th e

S ch eme is c o nv er te d int o an o pen e nd ed sch eme o n ma tu rity.

Che qu e /DD is subj e ct t oreali sa tio n

An o ffer for un its @ Rs. 10/ - ea ch du ring th e New Fund O ffer perio d

NEW FUND OFFER COMMENCES ON : 19/11/2007NEW FUND OFFER ENDS ON : 18/12/2007

1. EXISTING UNIT HOLDER / S (Plea se fill in yo ur de tails me nt ione d b elo w and p ro cee d to se ct ion 5)

2. NEW APPLICANT INFORMATION (It is ma nd a tor y to sub mi t PAN p roo f for all i nv est me nts failing wh ich app licat ion is liab le to be re ject ed. In ca se, a n inv e st or d oe s n o t ha ve PAN, e vid enc eo f ha ving a pp lied for PAN sh ou ld b e sub mi tt e d. ) (Refer inst ruct ion no . 8)

(To be filled in block letters. Use one bo x for one alphabet, leaving one bo x blank between name and surname)

Mo d e o f Hol d ing [Pl. 44444 ]

1. Sing le

2. J oint*3. Either or Survivor /s

(* Default, in case of ambiguitywhen applicants are more than one )

Occup a t ion o f th e 1st App lica nt [Pl. 44444 ]1. Bus iness 5. Re tired 10. Other s2. Pro fess ional 6. S tud e nt (pl. specify)3. Agricu lturist 7. Hous ewi fe

4.Pri

vate

se

ctor

8.P ub lic S e ct or / G o vt. s er v ice

ser vice 9. Fore x Dealer

S t a tus / Ca t e g or y o f th e 1st App lica nt [Pl. 44444 ]1. Res ident Ind ividu al 5. AOP /BOI 9. Trust 13. Gover nme nt Body2. On b ehal f o f mi nor 6. Par tnersh ip Firm 10. So ciety 14. Financ ial Inst itut ion3. HUF 7. Proprie torsh ip Firm 11. NRI 15. Banks

4.Com

pany 8.

Body

Corp

orate

12.FII

s 16.O

ther

s(pl.specify)

Listed Un listed _______________

Fu ll Name o f Sole /1 st App lica nt / Min or / Kar t a o f HUF / No n -ind iv idu al / Par tn er i n cas e o f Par tn er sh ip Firm /Pro p rie tor i n ca se o f Pro p rie tor sh ip Firm: Da t e o f Birth

Fu ll Name o f Gu ar d ia n (in c ase o f Minor ) Rela t io nsh ip w ith Min or [ Pl. 44444 ]

PAN Enclosed: PAN Card copy, duly verified Acknowledgement for having applied for PAN Form 60/61

Mo th er Fa th er Le gal G uar d ian

D D M M Y Y Y Y


Fu ll Name o f Th ird App lica nt : Da t e o f Bir th

Fu ll Name o f Gu ar d ian (in c a se o f Minor ) Rela t ionsh ip w ith Min or [ Pl. 44444 ]

D D M M Y Y Y Y

Mo b ile No . I /We w ish t o re ceive SMS aler ts in add ition t o phys ical st a teme nt Ye s No (Refer instruction no. 18)

E-mail I d : . I /We wish t o re ceive account rela ted informa tion & o ther comm un ica tions v ia e-mail Ye s No (Refer instruction no. 18)

Add ress (DO NOT REPEA T NAME )in fu ll o fApp licant/ Pare nt OR Guardian o fMinor /Ind ian add ress in c ase 1st App licant is NRI /FII(Post Box No.alo ne is n ot suff icient)


Fu ll Name o f Se co nd App licant : Da t e o f Bir th

Fu ll Name o f Gu ar d ian (in c a se o f Minor ) Rela t ionsh ip w ith Min or [ Pl. 44444 ]

D D M M Y Y Y Y

PA N Enclosed: PAN Card copy, duly verified Acknowledgement for having applied for PAN Form 60/61

(with addressproof)

(with addressproof)

FOR OFFICE USE ONL Y

ARN Co d e Sub -Ag e nt / Bro ker Co d e Colle ct io n Ce nt re s Serial No . Time o f Re cei ptDa t e o f Re cei pt

A CLOSE ENDED EQUITY ORIENTED SCHEME(A3 year close -ended eq uity oriented Sc heme with an automatic conversion

into an open -ended eq uityoriented Sc heme on mat urity)

A CLOSE ENDED EQUITY ORIENTED SCHEME(A3 year close -ended eq uityoriented Sc heme with an automatic conversion into an

open-ended eq uityoriented Sc heme on mat urity)

Folio No .

S ch eme Name

PAN Enclosed: PAN Card copy, duly verified Acknowledgement for having applied for PAN Form 60/61 (with addressproof)

TEL. NO .DIS T. S TATE

CITY/LOCATION PIN

Bajaj Capital ARN-0010 88924


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Place : Da te :

9. LIST OF DOCUMENTS ATTACHED ( Plea s e me nt io n b elo w th e do cu me nts a tta ch e d w ith th e form )

1.

2.

3.4.

To tal No s. o f a ttach me nts56.

7.

8.

Tobe filled in byapplicant

Tobe verifiedbyoffice

SIGNATURE (S ) / THUMB IMPRESSION (s) (Re fer Inst ruct io n No . 3)

S ole /FirstApp lica nt

S e co ndApp lica nt

Th irdApp lica nt

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Registrar: Karvy Computers hare Private LimitedKarvy Plaza, H. No. 8-2-596, Avenue 4 Street No. 1, Banjara Hills, Hyderabad 500 034 Tel No.: 040 2331 2454 / 2332 0251 / 751 Fax No.: 040 - 2331 1968 E-mail: services [email protected] / [email protected]

Note : All future communication in connection with this application should be addressed to the Registrar at the address given above, quoting full name of First / Sole Applicant, the Application Serial Number, thename of the Scheme , the amount invested, date and the place of the Collection Centre / Investor Service Centre where application was lodged.

Accompanying documentsPlease submit the following documents with your application (where applicable). All documents should be original / true copies certified by a Director /Trustee / Company Secretar y/ Authorised Signatory/ Notary Public.Documents Individual Companies Societies Partners hip Investments Trusts NRI Flls

Firms through POAResolution / Authorisation to invest 4 4 4 4List of Authorised Signatories withSpecimen signature(s) 4 4 4 4 4 4Memorandum & Articles of Association 4Trust Deed 4Bye-laws 4Partners hip Deed 4Overseas Auditors Certificate 4Notarised Power of Attorney 4Bank confirmation of Non-ResidentAccount Type / FIRC / Approval from FIPB 4Proof of Identity 4 4Proof of Address 4 4 4 4 4 4 4 4

CHECKLIST Please ensure that your Application Form is

Complete in all respects & signed by all applicantsName, Address and Contact Details are mentioned in full.Bank Account Details are entered completely and correctly.Permanent Account Number (PAN) of all Applicants is mentioned for allinvestments . In case , an investor does not have PAN, evidence of havingapplied for PAN to be submitted.Appropriate Option is selected . If the Dividend Option is chosen, DividendPayout or Reinvestment is indicated.If units are applied for jointly, Mode of Operation of account is indicated.

Proof of Identity & Address is submitted. Investment Cheque / DD is drawn in favour of JM AGRI & INFRA FUND,dated

and signed. Application Number is mentioned on the reverse of the Cheque / DD. Documents , as applicable, are submitted along with the Application Form.

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D D M M Y Y Y Y

** Allotment ofunits is subject to realisation of Cheque / DD. No cash payments are accepted .Please mention the application no. on the reverse of the Cheque / DD. The details of the bankacco unt provided above pertain to my / our bankaccount in my / our name Yes NoIf No, my relationshipwith the bankacco unt holder is Spouse Child Parent Relative Sibling Friend Others. Application formwithout this information is liable to be rejected .

Dire ct Cre d it Facility : Plea se re fer inst ruct ion n o . 19.

3. BANK PARTICULARS (It is ma nd a t or y t o fu rn ish b ank p ar t icu lar s faili ng wh ich a pp lica t io n sh all b e re ject e d)

Name o f Ba nk

Acc o unt Typ e : S a vings Cu rre nt NRE NRO FCNR Acc o unt No .:MICR Co d e :

IFSC / NEFT / RTGS Co d e :

PINCITY

(Please enclose a cancelled /xerox copy of the cheque for the above A / c. No.)

Ba nk Add re ss

(This is a 9 digit no. mentioned nextto the cheque no. on your cheque)

Serial No: AI -

8. DECLARATION & SIGNATURE (S )Having read and understood the contents of the Offer Document of the scheme and subsequent amendments thereto including thesection on "Prevention of Money Laundering" and Know Your Customer, I/We hereby apply to the Trustee of JM Financial MutualFund for units of the Scheme as indicated above and agree to abide by the terms and conditions, rules and regulations of the Scheme.

I/We have not received and will not receive nor will be induced by any rebate or gifts, directly or indirectly, in making this investment.I/We further declare that the amount invested by me/us in the scheme of JM AGRI & INFRA FUND is derived through legitimatesources and is not held or designed for the purpose of contravention of any act, rules, regulations or any statute or legislation or anyother applicable laws or any notifications, directions issued by any governmental or statutory authority from time to time.It is expressly understood that we have the express authority from our constitutional documents to invest in the units of the Schemeand the AMC/Trustee/Fund would not be responsible if the investment is ultravires thereto and the investment is contrary to t herelevant constitutional documents.I/We authorise this Fund to reject the application, revert the units credited, restrain me/us from making any further investment in

any of the schemes of the Fund, recover/debit my/our folio(s) with the penal interest and take any appropriate action againus in case the cheque(s)/payment instrument is/are returned unpaid by my/our bankers for any reason whatsoever.I/We hereby further agree that the Fund can directly credit all the dividend payouts and redemption amount to my bank dgiven above.Applicable to NRIs only :I / We * confirm that I am / we* are Non-R esident of Indian Nationali ty / Or igin and I /we* hereby confirm that thfor subscription have been remitted from abroad through approved banking channels or from funds in my / our* Non-RExternal / Ordinary Account / FCNR Account.Please (3 ) Repatriation basis Non-Repatriation basis* Please strike out whichever is not applicable.

7. PAYMENT DETAILS: Plea se d ra w Cheque / DD in favou r o f J M AGRI &INFRA FUND ( Re fer inst ruct ion n os. 6 & 7)**. Mi n im um i nvest me nt amo unt per a pp lication for ea chOpt ion/ Sub -Opt ion is Rs. 5,000/ - a nd in mu lt ip les of Re. 1/ - th erea fter. Plea se e nsu re th ere i s on ly one C heque / DD per O pt ion/ Sub -Opt ion.

Ch e q u e / DD No . Gro ss Amo unt (Rs.) DD C h ar g e s (Rs.) Ne t Amo unt (Rs.) Ba nk & Bra nch Acc o unt Typ e(Savings / Current / NRE / NRO / FCNR)

(This is a 11 digit alpha numeric number)

5. NOMINATION DETAILSI /We here by n omi na te the und er me nt ioned p er son t o re ceive the amo unt t o m y/our cre d it in th e eve nt o f m y/our dea th. I /We also und er st and th a t all payme nts and s e ttleme nts ma deto such n omi nee sh all be a valid d isch arge by th e AMC / Mutu al Fund / Trust ee .

Name a nd Add re ss o f Nomi n ee

Name Da te o f Birth

Add re ss

In c ase, nomi nee is a minor

Name o f Guar d ian Rela tio nsh ip w ith Minor

Add re ss o f Guar d ian

S ign a tu re o f Nomi nee / Guar d ian in c a se o f Minor :

D D M M Y Y Y Y

4. FOR INVESTMENT B Y NRI (s) / FII(s)

Over s ea s Add re ss

City Co unt ry P in/Z ip

De clara t io n : I /We co nf irm th a t I /w e am /are no t re qu ire d t o o bt ain PAN und er Inc ome Ta x Act 1961 Y e s No

+Plea se s ele ct th e app ro p ria te o pt ion/sub -o pt ion und er o ffer . *De fau lt o pt ion/sub -o pt ion ( in c as e o f n o informa tion or am b igu ity) ** Dividend rei nv e st me nt f ac ility w ill b e availa b le o n ly a fter th e

S ch eme is c o nv er te d int o an o pe n e nd e d sch eme o n ma tu rity.

6. INVESTMENT DETAILS ( Re fer inst ruct io n No . 5 )

CHOICE OF OPTION / SUB-OPTION+

Div id e nd Opt io n Payout* Reinvestment ** Gro wth Opt io n *


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KEY INFORMATION MEMORANDUM

A CLOSE ENDED EQUITY ORIENTED SCHEME(A 3 YEAR CLOSE-ENDEDEQUITY ORIENTED SCHEME WITH AN AUTOMATIC CONVERSIONINTO

AN OPEN-ENDEDEQUITY ORIENTED SCHEMEON MATURITY)

An offer for units @ Rs. 10/- each during the New Fund Offer period.

SP ON SOR : J. M. F in anc ia l & I nv es tm ent C on su lt anc y S er vi ce s P ri va te Li mi te dCO-SPONSOR : JM Financial LimitedTRUSTEE : JM Financial Trustee Company Private LimitedREGISTRAR : Karvy Computershare Private LimitedINVESTMENT MANAGER : JM Financial Asset Management Private Limited

Corporate Office: 5th floor, A-Wing, Laxmi Towers, Bandra-Kurla Complex,Mumbai - 400 051. Tel. No. : 022-3987 7777 Fax Nos. : 022-2652 8377 / 78Website: www.JMFinancialmf.com Email: [email protected]

NAME OF THE SCHEME: JM AGRI & INFRA FUND

1. INVESTMENT OBJECTIVE

The investment objective of the Scheme is to provide long-term growth by investing predominantly in equity / equity related instrumentsof companies that focus on agriculture and infrastructure development of India.

2. ASSET ALLOCATION PATTERN

The asset allocation pattern of the Scheme under normal circumstances would be as under:

Security MaximumExposure

RiskProfile

Equity and equity related securities# of in dustries in the Agri & I nfra Sector 65% - 100% M edium High

Money Market Instruments / Debt (including securitized debt*) 0% - 35% Low - Medium* Securitised debt will not include foreign securitized debt.# Exposure to derivatives would be capped at 50 % of equity portfolio of the Scheme.

The Trustee may, from time to time, pending deployment of funds of the Scheme in securities in terms of the investment objective ofthe Scheme, invest the funds of the Scheme in short-term deposits of scheduled commercial banks in accordance with SEBI CircularNo. SEBI/IMD/CIR No. 1/91171/07 dated April 16, 2007.

Changes in Asset Allocation Pattern

Subject to the SEBI Regulations, the asset allocation pattern and maturity profile indicated above may change from time to time,keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearlyunderstood that the percentages stated above are only indicative and not absolute. The changes in the investment pattern will be inconformity with the investment objectives and basic nature of the scheme and asset allocation can be altered only for a short termperiod on defensive considerations.

Provided further and subject to the above, any change in the asset allocation pattern affecting the investment profile of the Schemeshall be effected only in accordance with the provisions of sub-regulation 15A of Regulation 18 of the SEBI (MF) Regulations asdetailed later in this document.

3. RISK PROFILE OF THE SCHEME

Mutual fund investments are subject to market risks. Please read the offer document carefully for details on risk factors beforeinvestment.

4. INVESTMENTPLANS / OPTIONS

The Scheme offers two options to the investors.:

(a) Dividend and (b) Growth.

Both options will have a common portfolio. Investors are requested to indicate their preference while investing in the Scheme. Defaultoption will be the growth option.

Under Dividend option, investors have the facility of dividend payout and dividend reinvestment. Till maturity of the scheme, onlydividend payout option will be available to the investors opting for dividend option. Dividend reinvestment facility will be provided tothe investors only after the scheme is converted into an open ended equity scheme on maturity.

In case an investor fails to specify his preference under the dividend option after the scheme is converted into an open ended equityscheme, he shall be d eemed to have opted for dividend reinvestment facility.

Systematic Investment Plan (SIP) / Systematic Transfer Facility (STF) / Systematic Withdrawal Plan (SWP)

This facility will be available to the investors of the Scheme subsequent to its conversion into an open-ended scheme uponmaturity.

5. APPLICABLE NAV FOR PURCHASES & SWITCH-INS/REDEMPTIONS AND SWITCH-OUTS (AFTER THE SCHEME OPENS FORCONTINUOUS SALE AND REPURCHASE)

For Purchases and Switch-Ins

In respect of valid applications received upto 3 p.m. by the Mutual Fund alongwith a local cheque or a demand draft payable at par atthe place where the application is received, the closing NAV of the day on which application is received shall be applicable.

In respect of valid applications received after 3 p.m. by the Mutual Fund alongwith a local cheque or a demand draft payable at parat the place where the application is received, the closing NAV of the next Business Day shall be applicable.

However, if the AMC accepts valid applications with outstation cheques/ demand drafts not payable at par at the place where theapplication is received, closing NAV of the day on which cheque/demand draft is credited shall be applicable.

For Redemptions and Switch-Outs (after completion of lock-in p eriod)

Redemption / switch-out requests can be submitted to the official point of acceptance on any Business Day till 3 p.m.

These redemption requests will be processed at the applicable NAV on the Specified Redemption Days during the SpecifiedRedemption Period subject to the exit load and after deduction of the balance proportionate unamortized new fund offer expensesas may be applicable.

The Fund will endeavor to dispatch the redemption cheque/draft within 10 Business Days from the date of the relevant interval periodon which the redemption transaction is effected.

It is clarified that the cut off timings will also be applicable to investments made through sweep mode.

6. MINIMUM AMOUNT OF SUBSCRIPTION / REDEMPTION

An application during the new fund offer should be for a minimum of Rs. 5,000/- and in multiples of Re. 1/- thereafter. The criteria forminimum amount of subscription will be applicable at the Option level. Once the Scheme is converted into an open-ended Schemeon maturity and opens for ongoing subscription, the minimum ongoing investment in an existing folio is Rs. 1,000/- and in multiplesof Re. 1/- thereafter. However, there is no upper limit for investment.

Redemption of units (except in SIP/STP/SWP cases) will be Rs. 500 or 50 units subject to applicable exit load. Any redemption inexcess thereof may be in multiples of Re.1/- subject to keeping minimum balance of 500 units or Rs. 5000/- whichever is less.

In the event of remaining balance (for investment other than through SIP/STP/SWP falling below the minimum balance of 500 unitsor Rs.5000 (Which ever is less) while processing redemption/switch requests, the entire outstanding units redeemed.

7. DESPATCH OF REPURCHASE (REDEMPTION) REQUEST

All redemption payments would be in favour of the Unitholders registered name with bank mandate wherever applicable.

The Fund will endeavour to dispatch the redemption cheque/draft within 10 Business Days from the date of receipt of valid formfor redemption. In case the bank mandate given by the unitholder corresponds with banks with which the Fund / AMC has tie-up

facilities / arrangements, the redemption amount will be automatically credited to the unitholders bank account unless the unitholder

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing.For further details of the scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors rights & services, riskfactors, penalties & pending litigations, associate transactions etc. investors should, before investment, refer to the Offer Documentavailable free of cost at any of the Investor Service Centres or distributors or from the website www.JMFinancialmf.comThe Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscriptionhave not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.The date of this Key Information Memorandum is 25/10/2007.

NEW FUND OFFER COMMENCES ON : 19/11/2007NEW FUND OFFER ENDS ON : 18/12/2007

has given some other specific payment instructions.

8.BENCHMARK INDEX

The performance of JM AGRI & INFRA Fund will be benchmarked to BSE 500 Index.

9. DISTRIBUTION OF INCOME

Declaration of dividends will be subject to availability of distributable profits, as computed in accordance with SEBI Regulations, 199All distribution of earnings will be out of distributable surplus and at the discretion of the trustee. Such distribution may be by wayof bonus units or by way of dividend.

Dividends, if declared, will be paid (subject to deduction of tax at source, if any) to those unit holders whose names appear in theregister of unit holders on the notified record date. However, in case the dividend payable to any unitholder is below is Rs. 100/- thenthe same will be automatically re-invested.

The AMC shall dispatch the dividend warrants and/or fresh Account Statement with the bonus units to the unitholders within 30 daysor such stipulated period of the declaration of d ividend/bonus units. In case of Dividend Reinvestment/ Sweep Option, the AMC shacredit the appropriate number of units to unitholders account at the applicable NAV o n the same date when the NAV is ex-dividend.

On payment of dividends, the NAV will stand reduced by the amount of dividend and dividend tax (if applicable) paid.

10. NAME OF THE FUND MANAGER

The fund manager for the Scheme is Mr. Sandip Sabharwal.

11. NAME OF THE TRUSTEE COMPANYJM Financial Trustee Company Private Limited

12. PERFORMANCE OF THE SCHEME

JM Agri & Infra Fund is a close ended equity oriented scheme which will invest predominantly in the agriculture & infrastructursectors. As the Mutual Fund does not have a close ended equity oriented scheme, we have given the performance of JM Basic Fundwhich is equity fund with a sectoral focus.

Latest performance of the Scheme as on 25th October, 2007

Compounded Annualised Returns ason 25/10/07

JM Basic Fund (Growth Plan)Scheme Returns (%)

Benchmark**Returns (%)

Returns for the last 1 year 84.09 100.72Returns for the last 3 yrs 46.30 NAReturns for the last 5 yrs 46.80 NAReturns since inception* 36.46 NA* Inception date = Allotment d ate i.e. 02.06.1997** Benchmark Index: BSE Basic Industries Index () $Benchmark index has been changed from S&P CNX Petrochemical Index to BSE Basic Industries Index (3 ) w.e.f. June 22, 2005Note: CAGR for period 1 year or more, with reinvestment of dividends (if any). Past performance may or may not be sustained infuture.$ Disclaimer: BSE Basic Industries Index () : All rights in the BSE Basic Industries Index () vest in BSE. BSE and BSE Basic IndustriesIndex ( ) are trademarks of BSE and are used by JM Financial Asset Management Private Ltd. under license. BSE shall not be liablein any manner whatsoever (including in negligence) for any loss arising to any person whosoever out of use of or reliance on the BSEBasic Industries Index () by any person.JM Basic Fund is not sponsored, endorsed, sold or p romoted by BSE. BSE makes no representation or warranty, express or impliedto the investors in JM Basic Fund or any member of the public in any manner whatsoever regarding the advisability of investingin securities generally or in JM Basic Fund particularly or the ability of the index to track the sectors represented in the BSE BasicIndustries Index (). The relationship of BSE to the JM Financial Asset Management Pvt. Ltd. is in respect of the licensing of useof BSE Basic Industries Index() which is determined, composed and calculated by BSE without regard to the JM Financial AssetManagement Pvt. Ltd. or JM Basic Fund. BSE has no obl igation to take the needs of the investors of JM Basic Fund into considerationin determining, composing or calculating the BSE Basic Industries In dex () BSE is neither responsible for nor has participated in thedetermination of the time or price at which the units under JM Basic Fund are to be issued or in the determination or calculation ofthe equation by which the units are to be redeemed for the und erlying securities. BSE has no obligation or liability in connection withthe administration, marketing or trading of JM Basic Fund.BSE does not guarantee the accuracy and/or the completeness and/or continuity of BSE Basic Industries Index () or any dataincluded therein and they shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSEmakes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Pvt. Ltd., investorsof JM Basic Fund, or any other p ersons or entities from the use of BSE Basic Industries Index () or any data included therein. BSEmakes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purposeor use with respect to BSE Basic Industries Index () or any data included therein. Without limiting any of the foregoing, in no eventshall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of tpossibility of such damages.13. EXPENSES OF THE SCHEME

I) NEW FUND OFFER EXPENSES

Under the SEBI (Mutual Funds) Regulations, the Scheme is entitled to charge New Fund Offer expenses upto a maximum of 6% of thinitial resources raised under the Scheme. New Fund offer expenses comprising of advertising & marketing expenses, printing andmailing, Registrar expenses, bank charges, commission to agents and other expenses not exceeding 6% of the initial amount mobilizedin the New Fund Offer will be charged to the Scheme and will be amortised upto a period of 3 years. Actual expenses incurred in

respect of the New Fund Offer expenses in excess of 6% of the initial amount mobilized shall be borne by the AMC / Trustee.II) LOAD STRUCTURE

The load structure for the Scheme is given as follows:

Entry Load - During New Fund Offer Period there will be no entry load as close ended schemes are not permitted to charge entryload

Exit Load - for ongoing redemptions/switch out after three months from the date of allotment, the exit load till maturity of the schemwill be Nil. However, at the time of redemption, the unitholders will be charged the balance proportionate unamortized initial issuexpenses applicable to their investments.

Entry / Exit Load on an ongoing basis after the conversion of Scheme into an open-ended Scheme:

Entry Load :(i) In respect of each purchase / switch-in of units less than Rs. 3 crores in value 2.25%(ii) In respect of each purchase / switch-in of units equal to or greater than Rs. 3crores in value

Nil

Inv estments made through Systematic Investment Plan (SI P) NilExit Load : Nil

Investments made through SIP 2.25% if redeemed within 1 year of allotment / transfer of units from the respectiveinstalment.

III) Annual Scheme Recurring Expenses

The maximum recurring expenses that can be charged to a Plan under the Scheme, on an annual basis are as under:

Particulars (as a % of Applicable NAV) JM Agri & InfraFund

Investment Management & Advisory Fee 1.25Trustee Fee 0.05Statutory expenses, Custodian fees, Registrar & Transfer Agent fees, Audit fees and other expenses permittedunder Regulation 52(4)(b)

1.20

TOTAL 2.50

The purpose of the above table is to assist the investor in understanding the various costs and expenses that an investor in theScheme will bear directly or indirectly. While this estimate has been made in good faith on the basis of information available withthe Fund, there can be no assurance that actual expense, under any particular head will not be more or less than such estimate. TheAMC reserves the right to revise the fees payable to the service providers from time to time. The total expenses, however, will bemaintained within the limits mentioned under Regulation 52 (6) of SEBI (MF) Regulations, 1996.

As per the Regulations, the maximum recurring expenses including investment management and advisory fee that can be charged tothe Scheme shall be subject to a percentage limit of weekly net assets as in the table below:

First Rs. 100 crore Next Rs. 300 crore Next Rs. 300 crore On the balance assets

2.50% 2.25% 2.00% 1.75%

14.TAX TREATMENT FOR INVESTORS

14.1 TAX BENEFITS

The following tax benefits are available to investors and the Fund under the present taxation laws. The information set forth below isbased on the advice of the Funds tax advisor and is included for general information purposes only. The information set forth belowreflects the law and practice as of date of this Offer Document. In view of the individual nature of tax consequences, each investor


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5th Floor, A-Wing, Laxmi Towers, Bandra-Kurla Complex, Mumbai - 400 051. Tel: (022) 39877777 Fax: (022) 26528377- 78.Office no F-C-6, 1st flr, Block No 41/4B, Friends Tower, Sanjay Palace, Agra 282002 Tel.: 99976 37770 : A-506, Premium House, Opp. Gandhigram Railway Stn., Off Ashram Road, Ahmedabad - 380 009. Tel.: (079) 26576334 / 26581831.

BANGALORE: CHANDIGARH: CHENNAI:MountCOIMBATORE:Door No. 196/17, First Floor, Aiswarya Commercial Centre, Thiruvenkatasamy Road, R S Puram, Coimbatore - 641 002. Tel.: (0422

DEHRADUN: GOA:CL-12, Advani Business Centre, Neelkamal Arcade, Atmaram Borkar Rd., Above Federal Bank, Panaji, Goa - 403001. Tel: (0832) 6650302HUBLI: HYDERABAD:ABK Olbee Plaza, 8-2-618/8 & 9, 4th Floor, 403, Road No 1, Banjara Hills, Hyderabad - 500034. Tel.: (040)

INDORE: JAIPUR: JALANDHAR:SCO 203,KANPUR: KOLKATA:6, Little Russell Street,

LUCKNOW : LUDHIANA:Office No. 308, SCO 18, Opp. Stock Exchange,MANGALORE: MUMBAI:112, Jolly

NAGPUR: NASIK:Lower Ground 14, SuyojitNEW DELHI: PATNA: 521, Ashiana Harniwas, New Dak

PUNE: Kamala Arcade, Off. No. 211, 2nd Floor, Survey No. 1204/1, J. M. Road, Shivaji Nagar, Pune - 411 005. Tel.: (020) 66023667 / 66025617. Shop no29,2nd Floor, MillenniumRAJKOT: SURAT: 220, Second Floor, Lalbhai, Contractor

VADODARA: VARANASI:2nd floor, Office no. 5, Urvashi Complex,Sigra, Varanasi - 221010. Tel.: 9936997627.

Web transactions through :www.icicidirect.com; www.kotak.com; www.kotaksecurities.com; www.idbipaisabuilder.in

www.indiainfoline.com; www.usectrade.com; www.njindiaonline.com; www.reliancemoney.com; www.religare.in: www.sharekhan.com

is advised to consult his or her own tax adviser with respect to the specific tax consequences to him or her of participation in thescheme.

The disclosures regarding Income Tax / Wealth Tax / Gift Tax / Capital Gains Tax / Investments by NRIs / FIIs are in conformity withthe prevalent I. T. Act, Foreign Exchange Management Act, 1999 and RBIs directions and permissions in this regard.

The following information is based on the law in force in India at the date hereof. The subscriber should seek advice from his/her/itsown professional advisor if he/she/it is in any doubt regarding the taxation consequences of investing in the Fund.

14.1.1 TO THE FUND

The Income of the Fund registered under the SEBI Act, 1992 (15 of 1992) or Regulations made thereunder will be exempt from incometax in accordance with the provisions of Section 10(23D) of the I.T. Act. The income received by the Fund is not liable for deductionof tax at source.

As per Section 115R, the Fund is liable to pay additional income tax on the income distributed by it. However, in respect of equityoriented funds, no additional income tax is payable on income distributed by the Fund. At the same time, in view of the provisions ofSection 196(iv) of the Act, the Fund will receive all income without any deduction of tax at source.

SECURITIES TRANSACTION TAX

Securities Transaction Tax (STT) is applicable on transactions of purchase o r sale of units of an equity oriented fund entered intoon a recognized stock exchange or on sale of units of an equity oriented fund to the Fund. The STT rates as applicable are given inthe following table:

Taxable Securities Transaction Rates Payable byPurchase of a unit of an equity oriented fund, where -The transaction of such purchase is entered into in a recognised stock exchange; and the contract forthe purchase of such unit is settled by the actual delivery or transfer of such unit.

0 .1 25 % Pu rc has er

Sale of a unit of an equity oriented fund, where -The transaction of such sale is entered into in a recognised stock exchange; and the contract for thesale of such unit is settled by the actual delivery or transfer of such unit.

0.125% Seller

Sale of a unit of an equity oriented fund, where -The transaction of such sale is entered into in a recognised stock exchange; and the contract for thesale of such unit is settled otherwise than by the actual delivery or transfer of such unit.

0.025% Seller

Sale of a derivative being option or future, where the transaction of such sale is entered into in arecognized stock exchange

0.0166% Seller

Sale of unit of an equity oriented fund to the Mutual Fund itself. 0.25% Seller

The Fund is responsible for collecting the STT from every person who sells the Unit to it at the rate of 0.25%. The STT collected bythe Fund during any month will have to be deposited with the Central Government by the seventh day of the month immediatelyfollowing the said month.

14.1.2 TO THE UNITHOLDERS

A. INCOME RECEIVED FROM MUTUAL FUND

According to Section 10(35) of the I.T. Act, any income received in respect of units of Mutual Fund specified under Section 10(23D)will be exempt from income tax in the hands of the Unitholders. Further, it has been clarified that income arising from transfer of u nitsof Fund shall not b e exempt under section 10(35).

B. LONG TERM CAPITAL GAINS ON TRANSFER OF UNITS

Under Section 10(38), long term capital gains arising on sale of units of equity oriented funds are exempt from income tax in the handsof Unitholders, provided STT is charged on such sale by the Mutual Fund.

C. SHORT TERM CAPITAL GAINS ON TRANSFER OF UNITS

Section 111A provides that short-term capital gains arising on sale of units of equity oriented funds are chargeable to income tax ata concessional rate of 10% plus appl icable surcharge and cess, provided STT is charged on such sale by the Mutual Fund. Further,Section 48 provides that no deduction shall be allowed in respect of STT paid for the purpose of computing Capital Gains.

D. CAPITAL LOSSES

Losses under the head Capital Gains cannot be setoff against income under any other head. Further within the head Capital Gains,losses arising from the transfer of long-term capital assets cannot be adjusted against gains arising from the transfer of a short-termcapital asset. However, losses arising from the transfer of shortterm capital assets can be adjusted against gains arising from thetransfer of either a long-term or a short-term capital asset.

Under Section 10(38) of the I.T. Act, long-term capital gains arising on sale of units of an equity oriented fund are exempt from IncomeTax provided certain conditions are fulfilled. Hence, losses arising from such type of transaction of sale of units of Equity OrientedFund would not be eligible for set-off against taxable capital gains.

Unabsorbed short-term capital loss can be carried forward and set off against the income under the head Capital Gains in subsequenteight assessment years.

According to Section 94(7) of the I.T. Act, if any person buys or acquires units within a period of three months prior to the record datefixed for declaration of dividend or distribution of income and sells or transfers the same within a period of nine months from suchrecord date, then losses arising from such sale to the extent of income received or receivable on such units, which are exempt underthe I.T. Act, will be ignored for the purpose of computing his income chargeable to tax.

Further, Sub-section (8) of Section 94 provides that, where additional Units have been issued to any person without any payment,

on the basis of existing units held by such person then the loss on sale of original units shall be ignored for the purpose of computingincome chargeable to tax, if the original units were acquired within three months prior to the record date fixed for receipt of additionalunits and sold within nine months from such record date. However, the loss so ignored shall be considered as cost of acquisition ofsuch additional units held on the date of sale by such person.

E. TAX DEDUCTION AT SOURCE

i. For income in respect of units:

No tax shall be deducted at source in respect of any income credited or paid in respect of units of the Fund as per the provisions ofsection 10(35), section 194K and section 196A of the I.T. Act.

ii. For Capital Gains:

(a) In respect of Resident Unit holders:

No tax is required to be deducted at source on capital gains arising to any resident Unit holder (under section 194K) vide circular no.715 dated August 8, 1995 issued by the Central Board for Direct Taxes (CBDT). Further, no tax is required to be deducted at sourcefrom capital gains arising at the time of repurchase or redemption of the units.

(b) In respect of Non- Resident Unit holders:

As per the provisions of Section 195 of the Act, tax is required to be deducted at source from the redemption proceeds paid toinvestors; this withholding is in addition to the securities transaction tax payable, if any, by the investor. Under section 195 of the I.T.Act, tax shall be deducted at source in respect of capital gains as under:

The capital gains tax that will be withheld from proceeds paid to NRIs from short-term capital gains arising out of redemption of unitsheld in an equity oriented mutual fund would be 10% plus surcharge and cess.

However, no capital gains tax would be withheld from proceeds paid to NRIs from long-term capital gains arising out of redemption

of units held in an equity oriented mutual fund.

(c) In case of foreign company -

Short term capital gains 40% plus surcharge and cess

No tax would be deductible at source from the capital gains (whether long-term or short-term) arising to an FII on repurchase/ redemption of units in view of the provisions of Section 196D (2) of the Act.

As per circular no. 728 dated October 1995 by CBDT, in the case of a remittance to a country with which a Double Taxation AvoidancAgreement (DTAA) is in force, the tax should be deducted at the rate provided in the Finance Act of the relevant year or at the rateprovided in DTAA whichever is more b eneficial to the assessee.

iii. Rebate of securities transaction tax paid

1. No deduction shall be allowed for securities transaction tax paid, for the purpose of computation of business income or capitalgains.

2. However, as per Section 88E of the Act, a rebate of securities transaction tax paid would be available to tax payers whose incomefrom redemption of units in an equity oriented mutual fund is charged to tax as their business income, from the tax payable on suchbusiness income.

3. The tax payable on such business income would be calculated by applying the average rate of tax to such business income. Thisrebate will be allowed only where the taxpayer furnishes the evidence of payment of securities transaction tax in the prescribedform, along with his tax return.

F. INVESTMENTS BY CHARITABLE AND RELIGIOUS TRUSTSUnits of a Mutual Fund Scheme referred to in Clause 23D of Section 10 of the Income Tax Act, 1961, constitute an eligible avenufor investment by charitable or religious trusts per rule 17C of the Income Tax Rules, 1962, read with clause (xii) of sub-section (5of section 11 of the I ncome Tax Act, 1961.

G. WEALTH TAX

Units held under the Mutual Fund Scheme are not treated as assets within the meaning of section 2(ea) of the Wealth Tax Act, 1957and are, therefore, not liable to Wealth-Tax.

H. GIFT TAX

The Gift-tax Act, 1958, has ceased to apply to gifts made on or after 1st October 1998. Gifts of Units, purchased under the Scheme,would therefore, be exempt from gift-tax.

Note: All tax benefits will be available only to the sole Unitholder or the first named holder in case the units are held in the names omore than one person.

15. PREVENTION OF MONEY LAUNDERING & KNOW YOUR CUSTOMER

In terms of the Prevention of Money Laundering Act, 2002, the Rules issued there under and the guidelines / circulars issued by SEBregarding the Anti Money Laundering (AML Laws), all intermediaries, including Mutual Funds, have to formulate and implemeclient identification programme, verify and maintain the record of identity and address(es) of investors.

In order to make the data capture and document submission easy and convenient for the investors, the Mutual Fund industry hascollectively entrusted this responsibility of collection of documents relating to identity and address and record keeping to an independenagency (presently CDSL Ventures Limited) that will act as central record keeping agency (Central Agency). As a token of havinverified the identity and address and for efficient retrieval of records, the Central Agency will issue a Acknowledgment stating theinvestor is a KYC compliant investor (hereinafter called KYC ACKNOWLEDGMENTor an acknowledgment by whatever name c

to each investor who submits his PAN Card and other necessary KYC documents to the Central Agency. Prior to March 1, 2007, theCentral Agency had issued Mutual Fund Identification Number (MIN) to each investor who had submitted the said application anthe prescribed documents to the Central Agency.

Investors who have obtained the MIN or the KYC acknowledgment can invest in the schemes of the Mutual Fund by stating the samein lieu of submitting information and documents required under AML Laws.

Further, SEBI issued circular dated 20th March, 2002, advising all intermediaries to take necessary steps to ensure compliance withthe requirement of Section 12 of the Act inter-alia maintenance and preservation of records and reporting of information relating tocash and suspicious transactions to Financial Intelligence Unit-India (FIU-IND), New Delhi. The AMC may seek information or oband retain documentation used to establish identity. It may re-verify identity and obtain any missing or additional information for thipurpose. The AMC, under powers delegated by the Trustee, shall have absolute discretion to seek information from investors, recordinvestors telephonic calls, reject any application, prevent further transactions by a Unit Holder, report suspicious transactions toFIU-IND and / or to freeze the folios, if after due diligence, the investor / Unit Holder / a person making the payment on behalf of investor does not fulfill the requirements of the Know Your Customer or the AMC believes that the transaction is suspicious in naturas regards money laundering. In this behalf the AMC reserves the right to reject any application and effect a mandatory redemption ofunits allotted within such time as may be reasonable or in compliance with any rules, regulations, guidelines, circular, etc. issued byany regulatory authority in this regard from time to time. If the payment for purchase of units are made by a third party (e.g. a Powerof Attorney Holder, a Financing Agency, a relative, etc.), the Unit Holder may be required to give such details of such transaction so asto satisfy the AMC of the source and / or consideration underlying the transaction. The KYC documentation shall also be mandatoricomplied with by the hol ders entering the Register of Members by virtue of operation of law e.g. transmission, etc.

Applicants / Unit holders may contact our Investor Service Centers / distributors, if any, for any additional information / clarificationAlso, please visit our website www.JMFinancialmf.com for any other related information.

The Scheme will adhere to such guidelines / procedures as have been or may be issued by AMFI / SEBI / or any other regulatoryauthority in this regard from time to time.

16. DAILY NET ASSET VALUE (NAV) PUBLICATIONThe NAVs will be declared on all Business Days and will be published in 2 newspapers. NAVs can also be viewed on www.JMFinancialmcom and www.amfiindia.com. Investors may also contact any of the Investor Service Centres of JM Financial Mutual Fund.

17. FOR INVESTOR GRIEVANCES PLEASE CONTACT

HEAD - CLIENT SERVICESMr. Harish KukrejaJM FINANCIAL ASSET MANAGEMENT PRIVATE LTD5th Floor, A-Wing, Laxmi Towers, Bandra-Kurla Complex, Mumbai - 400 051.Tel. No.: (022) 39877777 Fax Nos.: (022) 26528377-78;Email: [email protected]

REGISTRAR:KARVY COMPUTERSHARE PRIVATE LTDKarvy Plaza, H. No. 8-2-596, Avenue 4 Street No. 1,Banjara Hills, Hyderabad - 500 034 .

E-mail: [email protected]

18. UNIT HOLDERS INFORMATION

Accounts statements for each transaction and annual financial results shall be provided to investors by post. Half yearly Schemeportfolio will either be mailed to the unit holders or published in the newspapers as permitted under the SEBI (Mutual FundsRegulations, 1996.

Date: 25/10/2007