JM HiFI Fund launched
Hyderabad, Mar 8 (UNI) J M Financial Mutual Fund today announced the launch of its 'JM HiFI Fund,' an open-ended scheme that will invest in equity and equity-oriented securities of companies in housing, infrastructure and financial services sectors.
The primary objective of the scheme was to seek long-term capital appreciation from investment in a portfolio of stocks in these sectors, a company release here today said.
The housing, infrastructure and financial services sector will benefit immensely and play a key role in driving India's economic growth.
The fund aims to generate medium to long-term capital growth from a portfolio that is substantially constituted of enquity&equity related securities of companies which could benefit from the structural changes brought about by the continuing liberalisation in economic policies and investments by the government in the housing, infrastructure and financial services sectors, it added.
UNI DB GM 1729