Financial Daily from THE HINDU group of publications
Thursday, Jun 16, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 16, 2005 |
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Markets
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Mutual Funds JM Mutual launches new scheme Our Bureau
Mr Nimesh Kampani (left), Chairman, JM Financial Trustee Company Pvt Ltd, with Dr Vijay Kelkar, Chairman, at a press conference to launch' JM Emerging Leaders Fund' in Mumbai on Wednesday. - Shashi Ashiwal
Mumbai , June 15 JM MUTUAL Fund today announced the launch of its new scheme, `JM Emerging Leaders Fund', to seek long-term capital appreciation from investment in a portfolio of stocks across the market capitalisation range. The scheme is open for public subscription from June 16 to July 4. The portfolio may include companies operating in emerging sectors of the economy or those that exhibit the potential to become leaders. Speaking on the scheme, Mr Nimesh Kampani, Chairman, JM Financial Group, said that the objective of the scheme was to invest in companies that will be bluechips of the future. In this context, he cited the case of several, present bluechip companies that were mid-cap or small-cap in 1991. "Ranbaxy, Tata Steel, Tata Motors, Infosys and other companies had very low market cap in 1990s. But look at these companies now. The objective of this scheme is find such future bluechip companies," he said.
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