Date:16/06/2005 URL: http://www.thehindubusinessline.com/2005/06/16/stories/2005061601271300.htm

Back JM Mutual launches new scheme

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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.