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JM FINANCIAL MUTUAL FUND
ANNUAL REPORT 2010-2011
BOARD OF DIRECTORs
JM Financial Trustee Company Private Limited(as on 31st March 2011)
JM Financial Asset Management Private Limited(as on 31st March 2011)
Mr. Nimesh N. Kampani, Chairman Mr. V. P. Shetty, Chairman
Mr. Anant V. Setalvad Mr. Darius Pandole
Mr. Darius E. Udwadia Mr. G. M. Ramamurthy
Mr. Jalaj A. Dani Mr. J. K. Modi
Mr. Sharad M. Kulkarni Dr. R. Srinivasan
Mr. Shivji K. Vikamsey Mr. Rajendra P. Chitale
Mr. V. P. Singh
sPONsOR TRUsTEE INVEsTMENT MANAGERJM Financial Limited141, Maker Chambers III, Nariman Point, Mumbai - 400 021.
JM Financial Trustee Company Private Limited141, Maker Chambers III, Nariman Point, Mumbai - 400 021.
JM Financial Asset Management Private Limited502, 5th Floor, A Wing, Laxmi Towers, Bandra Kurla Complex, Mumbai - 400051.Tel. No.: 022-3987 7777Fax Nos.: 022- 2652 8388
AUDITORs LEGAL ADVIsOR REGIsTRAR & TRANsFER AGENTN. M. Raiji & Co., Chartered AccountantsUniversal Assurance Building, 6th Floor, P.M. Road, Fort,Mumbai - 400 001.
Udwadia & Udeshi (Regd.) Thomas Cook Building, 3rd Floor, 324, D. N. Road, Fort,Mumbai - 400 001.
Karvy Computershare Private LimitedKarvy Plaza, H. No. 8-2-596, Avenue 4, Street No. 1,Banjara Hills, Hyderabad - 500 034.
CUsTODIAN BANKERsHDFC Bank LimitedLodha – I Think Techno Campus, Buliding Alpha, Custody Department, 8th Floor, Opp Crompton Greaves, Kanjurmarg (E), Mumbai – 400 042.
HDFC Bank Limitedstandard Chartered BankCiti Bank
CORPORATE OFFICEJM Financial Asset Management Private Limited
502, 5th Floor, A Wing, Laxmi Towers, Bandra Kurla Complex, Mumbai - 400051.
Tel. No.: 022-3987 7777 | Fax Nos.: 022- 2652 8388 | E-mail: investor @jmfinancial.in | Website: www.jmfinancialmf.com
2
Annual Report 2010-2011
Dear Investor,
The Board of Trustees of JM Financial Mutual Fund is pleased to present the Annual Report of JM Financial
Mutual Fund for the year ended March 31, 2011.
EQUITY OUTLOOK
Global GDP growth in 2010 continued to be strong post recovery from severe recessionary trends in 2008.
Recovery has been aided by monetary and fiscal stimulus in USA. Indian economy grew at a strong pace of
8.5% in FY ‘10–‘11 against US growth of 2.8%, Euro zone growth of 1.9% and Chinese growth of 9.8%.
India’s strong GDP growth continued to be driven by strong consumption growth. This has also led to
inflationary pressures in the economy. RBI has been one of the most aggressive Central Banks in fighting
inflation and raised rates 8 times in FY11.
Both the Sensex and Nifty remained range-bound and gained 10.94% and 11.14% respectively during the
financial year ended March 31, 2011. Mid Cap and Small Cap indices were also range-bound. Comparison of
indices as on March 31, 2010 and March 31, 2011 is as follows:
Index 31-Mar-10 31-Mar-11 Return (%) Sensex 17,527.77 19,445.22 10.94 Nifty 5,249.10 5,833.75 11.14 BSE100 9,300.20 1,0095.74 8.55 BSE500 6,919.55 7,437.26 7.48 CNX Midcap 7,704.90 8,040.15 4.35
Going forward, it is expected that increasing interest rates would slow down GDP growth rate to 8% for FY12. Globally, concerns on sovereign defaults, especially in Europe, remains. Further, rising crude prices are also likely to weigh down on growth prospects. Corporate earnings have been downgraded and Sensex is expected to clock EPS of 1200 in FY12 and 1380 for FY13. Thus Sensex levels of 20700-22080 based on 15-16x Sensex FY 13 P/E by March 2012 is possible.
DEBT OUTLOOK
GDP growth reverted to the high growth trajectory during 2010-11. Economic growth had moderated in the preceding two years as the global economy slowed down on account of global financial crisis. The economic growth during 2010-11, reflected a rebound in agriculture and sustained levels of activity in industry and services. With growth in 2009-10 estimated at 8.0% and 8.5% in 2010-11, the turnaround has been fast and strong.
Headline inflation exhibited strong persistence in 2010-11. It reflected both supply shocks and gradual generalization of price pressures. The generalization was reflected in non-food manufacturing price pressures as producers were able to pass on cost increases amidst strong demand. Notwithstanding some moderation in food prices during Q4, hike in prices of a number of manufactured products following input cost pressures kept headline inflation firm and significantly above the medium-term trend.
Inflation continued to remain firm in Q1 FY 11-12, WPI for May 11 was at 9.06%. The central bank estimates March 2012 inflation to moderate to 6% (with an upward bias) The central bank has highlighted the suppressed component of inflation due to price controls on fuel, coal and electricity and its impact on the
projected trajectory of inflation.
During FY 2011-12 despite improvement in net invisibles surplus, higher trade deficit led to increase in
absolute size of current account deficit. As a proportion of GDP, CAD was marginally lower than the preceding
year The CAD at US$ 44.3 billion was 2.6% of GDP during 2010-11 as compared to US$ 38.4 billion 2.8 % of
GDP a year ago.
Monetary and liquidity conditions remained consistent with the anti-inflationary stance. RBI started the
rate normalization process as macroeconomic data gained strength. In light of persistently high inflation and
elevated inflationary expectations, RBI hiked policy rates for ten successive times since the start for FY 2010-
11. Monetary policy stance of the Reserve Bank shifted to tightening mode in response to rising inflationary
pressures. The Reserve Bank raised reverse repo rate from 3.50% to 6.50% and the repo rate from 5.00% to
7.50%. Monetary policy was tightened in a calibrated manner with transmission improving distinctly in Q4
FY 10-11, on the back of liquidity deficit. While growth reverted to its recent trend, inflation remained above
trend, on the back of supply-side shocks. In the event, policy response focused on containing the spillover
of supply side inflation and anchoring inflation expectations. Government bond yields rose by 50-60 basis
points across the curve on monetary tightening, high inflation and continuous supply of government bonds.
Liquidity situation tightened significantly on systemic outflows and high government balances in FY 2010-
11. Due to sharp drop in liquidity situation, repo rate became the operational rate since June 2010. The
combined impact of 3G auction and IPO (disinvestment) related outflows led to deficit liquidity conditions.
The shorter end of the yield curve moved up significantly. Money market rates spiked up sharply by about
500 basis points on tight liquidity conditions. Liquidity situation remained tight on RBI stance to generate
liquidity conditions consistent with more effective transmission of policy actions).
DERIVATIVES MARKET OUTLOOK
Nifty witnessed an upmove of 11% during FY 2010 – 11, while at the same time BSE Mid Cap Index stayed
flat and BSE Small Cap Index gave a negative returns of 4%. All this was on the back of INR 1100 bn worth
cash buying by FIIs & INR 140 bn worth of selling by local funds (mainly MFs and Insurance companies).
Around 65% of these flows came during the first half with Nifty gaining almost 25% from the bottom in
May 2010.
The cash market volumes during FY 2010 - 11 were 15% approximately lower than the previous financial
year. However, on the derivatives side the volumes are up by 60% approximately year on year. The derivative
volumes have almost gone up 2.5 times since 2008. In terms of contracts traded on the derivative front
the volume is up by 50%. The total futures volumes in terms of contracts are up by 8% while on the same
parameters options volume are up by 85%. The share of index options in the overall derivatives volume pie
has increased from 60% last year to 70% in the FY 2010-11.
The volume momentum has reduced since the beginning of the current calendar year and one can expect the
same to continue till the end of first half of this financial year. However, the Nifty options may continue to be
the most liquid contract. Improved volumes are expected to set into stock options also. Also, new products
like VIX futures can be expected to be available for trading as we move further into FY 2011 – 12.
The cost of carry which mostly stayed at average levels is expected to increase in the second half of FY 2011-
12, as volumes start improving.
REPORT OF THE BOARD OF TRUsTEEs
SCHEME DETAILS & PERFORMANCE
Performance of the Schemes as on March 31, 2011
Name NAV Benchmark Index Scheme Returns since inception (%)
Benchmark Returns since inception (%)
Scheme Returns since last 1 year
(%)
Benchmark Returns since last 1 year (%)
JM Equity Fund - Dividend 15.0269 BSE Sensex 11.6008 11.7979 5.375 10.9395
JM Equity Fund - Growth 36.9164 BSE Sensex 8.5008 11.7979 5.3887 10.9395
JM Balanced Fund - Dividend 16.3669 Crisil Balanced Fund Index 11.3862 N A 6.7827 9.3669
JM Balanced Fund - Growth 22.947 Crisil Balanced Fund Index 12.7518 N A 6.7769 9.3669
JM Basic Fund - Dividend 9.5423 BSE 200@ 18.9421 14.4868 (24.8721) 8.1469
JM Basic Fund - Growth 13.6663 BSE 200@ 18.9411 14.4868 (24.8754) 8.1469
JM Mid Cap Fund - Dividend 15.9338 CNX Mid Cap Index 13.3114 23.532 (7.4278) 4.3511
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Annual Report 2010-2011
Name NAV Benchmark Index Scheme Returns since inception (%)
Benchmark Returns since inception (%)
Scheme Returns since last 1 year
(%)
Benchmark Returns since last 1 year (%)
JM Mid Cap Fund - Growth 23.2555 CNX Mid Cap Index 13.3054 23.5320 (7.4294) 4.3511
JM Large Cap Fund - Dividend 14.2396 S & P CNX Nifty Index 10.2802 22.0470 12.0249 11.1381
JM Large Cap Fund - Growth 19.3645 S & P CNX Nifty Index 10.2759 22.0470 12.0261 11.1381
JM Nifty Plus Fund - Dividend 16.8634 S & P CNX Nifty Index 33.0955 41.3396 10.9296 11.1381
JM Nifty Plus Fund - Growth 18.5167 S & P CNX Nifty Index 33.0737 41.3396 10.8904 11.1381
JM Emerging Leaders Fund - Dividend 7.2360 BSE 200 Index (5.5371) 16.8456 (7.9670) 8.1469
JM Emerging Leaders Fund - Growth 7.2203 BSE 200 Index (5.5732) 16.8456 (7.9677) 8.1469
JM HI FI Fund - Dividend 5.0526 S & P CNX Nifty Index (12.8018) 11.0849 (7.7235) 11.1381
JM HI FI Fund - Growth 5.0526 S & P CNX Nifty Index (12.8018) 11.0849 (7.7252) 11.1381
JM Arbitrage Advantage Fund - Dividend 10.2094 Crisil Liquid Index 7.088 6.5063 6.7835 6.2075
JM Arbitrage Advantage Fund - Growth 13.8009 Crisil Liquid Index 7.0882 6.5063 6.7851 6.2075
JM Telecom Services Sector Fund - Dividend Plan 7.3724 BSE Telecom Index (6.8208) (7.3100) (7.0526) (0.4800)
JM Telecom Sector Fund - Growth Plan 7.3724 BSE Telecom Index (6.8208) (7.3100) (7.0538) (0.4800)
JM Financial Services Sector Fund - Dividend Plan 10.0919 BSE Finance Index 0.2122 14.9700 12.8861 23.2000
JM Financial Services Sector Fund - Growth Plan 10.0919 BSE Finance Index 0.2122 14.9700 12.8810 23.2000
JM Small & Midcap Fund - Regular Dividend 4.8446 CNX Mid Cap Index (16.8773) 11.5077 (15.0443) 4.3511
JM Small & Midcap Fund - Regular Growth 4.8446 CNX Mid Cap Index (16.8773) 11.5077 (15.0443) 4.3511
JM Contra Fund - Dividend 5.1257 BSE 500 Index (17.0970) 5.7911 (8.5007) 7.4818
JM Contra Fund - Growth 5.1257 BSE 500 Index (17.0970) 5.7911 (8.5007) 7.4818
JM Agri & Infra Fund - Dividend 2.4612 BSE 500 Index (35.4259) (3.5239) (16.7219) 7.4818
JM Agri & Infra Fund - Growth 2.4612 BSE 500 Index (35.4259) (3.5239) (16.7219) 7.4818
JM Tax Gain Fund - Dividend Plan 7.0588 BSE 500 Index (10.9617) 6.4980 (0.1754) 7.4818
JM Tax Gain Fund - Growth Plan 7.0588 BSE 500 Index (10.9617) 6.4980 (0.1754) 7.4818
JM Multi Strategy Fund - Dividend Plan 13.1159 BSE 500 Index 14.6311 15.3520 (1.9746) 7.4818
JM Multi Strategy Fund - Growth Plan 14.1029 BSE 500 Index 14.6307 15.3520 (1.9761) 7.4818
JM Core 11 Fund Series 1 - Dividend 3.9230 BSE Sensex (26.2637) 5.4058 (11.9555) 10.9395
JM Core 11 Fund Series 1 - Growth 3.9230 BSE Sensex (26.2637) 5.4058 (11.9555) 10.9395
JM Income Fund - Bonus Option 12.0352 Crisil Composite Bond Fund Index 3.4909 NA 4.2198 5.0617
JM Income Fund - Dividend 10.4079 Crisil Composite Bond Fund Index 8.2594 NA 4.2197 5.0617
JM Income Fund - Growth 29.4180 Crisil Composite Bond Fund Index 6.9728 NA 4.2201 5.0617
JM Short Term Fund - Institutional Plan - Dividend 10.4507 Crisil Liquid Index 7.9417 5.7291 7.0386 6.2075
JM Short Term Fund - Institutional Plan - Growth* 13.8788 Crisil Liquid Index 4.1852 5.7291 7.0424 6.2075
JM Short Term Fund - Regular Plan - Dividend 11.5139 Crisil Liquid Index 7.5960 5.7285 6.6623 6.2075
JM Short Term Fund - Regular Plan - Growth 19.2028 Crisil Liquid Index 7.7212 5.7285 6.6633 6.2075
JM High Liquidity Fund - Regular Plan - Growth option 26.7560 Crisil Liquid Index 7.7076 NA 6.5972 6.2075
JM High Liquidity Fund - Regular Plan - Bonus option 14.0506 Crisil Liquid Index 6.0622 NA 6.5974 6.2075
JM High Liquidity Fund - Institutional Plan - Dividend 10.5616 Crisil Liquid Index 6.1717 5.7329 6.5972 6.2075
JM High Liquidity Fund - Institutional Plan - Growth 16.1428 Crisil Liquid Index 6.1733 5.7291 6.5904 6.2075
JM High Liquidity Super Institutional Daily Dividend 10.0165 Crisil Liquid Index 6.4346 5.9695 6.5975 6.2075
JM High Liquidity Fund - Regular Plan - Weekly Dividend 10.8071 Crisil Liquid Index 6.9624 NA 6.5969 6.2075
JM High Liquidity Fund - Regular Plan - Daily Dividend 10.4302 Crisil Liquid Index 6.0202 NA 6.5978 6.2075
JM High Liquidity Super Institutional Growth Plan 15.3494 Crisil Liquid Index 6.4372 5.9695 6.5982 6.2075
JM High Liquidity Institutional Daily Dividend Plan 10.0159 Crisil Liquid Index 6.1908 5.7688 6.6005 6.2075
JM High Liquidity Fund - Regular Plan - Quarterly Dividend 15.1441 Crisil Liquid Index 6.0662 5.8000 6.6013 6.2075
JM High Liquidity Super Institutional Weekly Dividend Plan 10.0000 Crisil Liquid Index NA NA NA NA
JM Floater Fund-Long Term - Premium Plan - Dividend 10.2809 Crisil Liquid Index 6.2836 6.1076 6.2370 6.2075
JM Floater Fund-Long Term - Premium Plan - Growth 14.8358 Crisil Liquid Index 6.2907 6.1076 6.2440 6.2075
4
Annual Report 2010-2011
Name NAV Benchmark Index Scheme Returns since inception (%)
Benchmark Returns since inception (%)
Scheme Returns since last 1 year
(%)
Benchmark Returns since last 1 year (%)
JM Floater Fund-Long Term - Regular Plan - Dividend 15.4470 Crisil Liquid Index 5.7559 5.7515 6.1292 6.2075
JM Floater Fund-Long Term - Regular Plan – Growth 15.3943 Crisil Liquid Index 5.7094 5.7515 6.1288 6.2075
JM Floater Fund-Long Term - Premium Plan - Daily Dividend 10.0031 Crisil Liquid Index 6.5791 6.3559 6.2359 6.2075
JM Floater Fund-Long Term - Premium Plan - Weekly Dividend Plan 10.4118 Crisil Liquid Index 6.5341 6.3465 6.2344 6.2075
JM Floater Fund-Long Term - Regular Plan-Daily Dividend 10.0031 Crisil Liquid Index 6.4168 6.3319 6.1273 6.2075
JM Floater Fund-Long Term - Regular Plan-Weekly Dividend Option 10.3795 Crisil Liquid Index 6.3451 6.3319 6.1295 6.2075
JM Floater Fund - Short Term Plan – Dividend 10.0883 Crisil Liquid Index 6.0428 5.7515 5.8465 6.2075
JM Floater Fund - Short Term Plan – Growth 15.6841 Crisil Liquid Index 5.9635 5.7515 5.8478 6.2075
JM Money Manager Fund-Super Plus Plan-Daily Dividend 10.0053 Crisil Liquid Index 7.4319 6.5436 6.4458 6.2075
JM Money Manager Fund-Super Plus Plan-Fortnightly Dividend 10.2371 Crisil Liquid Index 7.2082 6.2232 6.4456 6.2075
JM Money Manager Fund-Super Plus Plan-Growth 13.8213 Crisil Liquid Index 7.4402 6.5436 6.4454 6.2075
JM Money Manager Fund - Super Plus Plan - Weekly Dividend 10.4273 Crisil Liquid Index 7.2034 6.2237 6.4422 6.2075
JM Money Manager Fund-Super Plan-Daily Dividend 10.0118 Crisil Liquid Index 7.5147 6.5436 7.2474 6.2075
JM Money Manager Fund-Super Plan-Fortnightly Dividend 10.1831 Crisil Liquid Index 7.6043 6.1878 7.2457 6.2075
JM Money Manager Fund-Super Plan-Growth 13.8695 Crisil Liquid Index 7.5231 6.5436 7.2644 6.2075
JM Money Manager Fund-Super Plan-Weekly Dividend 10.4235 Crisil Liquid Index 7.6857 6.2792 7.2479 6.2075
JM Money Manager Fund-Regular Plan-Daily Dividend 10.0112 Crisil Liquid Index 6.8450 6.5436 7.0860 6.2075
JM Money Manager Fund-Regular Plan-Fortnightly Dividend 10.1334 Crisil Liquid Index 6.0770 5.8678 7.0813 6.2075
JM Money Manager Fund-Regular Plan-Growth 13.4680 Crisil Liquid Index 6.8250 6.5436 7.0844 6.2075
JM Money Manager Fund-Regular Plan-Weekly Dividend 10.3926 Crisil Liquid Index 6.7154 6.2368 7.0811 6.2075
JM MIP Fund - Annual Dividend 12.2766 Crisil MIP Blended Index 5.7786 7.7841 3.6455 6.1663
JM MIP Fund - Growth 15.2817 Crisil MIP Blended Index 5.7878 7.7841 3.6455 6.1663
JM MIP Fund - Monthly Dividend 10.1818 Crisil MIP Blended Index 5.7823 7.7841 3.6682 6.1663
JM MIP Fund - Quarterly Dividend 11.5148 Crisil MIP Blended Index 5.7887 7.7841 3.6454 6.1663
JM FMF Series XVIII - 15 Months Plan 1 – Dividend 10.8272 Crisil Short Term Bond Index 7.7839 6.1086 7.7387 5.1199
JM FMF Series XVIII – 15 Months Plan 1 – Growth 10.8273 Crisil Short Term Bond Index 7.7849 6.1086 7.7408 5.1199
JM FMF - Series XIX - 367D Plan A - Dividend* 10.1741 Crisil Short Term Bond Index 1.7410 1.3540 NA NA
JM FMF - Series XIX - 367D Plan A - Growth* 10.1741 Crisil Short Term Bond Index 1.7410 1.3540 NA NA
JM FMF - Series XIX - 375D Plan D - Dividend* 10.1459 Crisil Short Term Bond Index 1.4590 0.2343 NA NA
JM FMF - Series XIX - 375D Plan D - Growth* 10.1459 Crisil Short Term Bond Index 1.4590 0.2343 NA NA
JM FMF - Series XIX - 385D Plan C - Dividend* 10.0899 Crisil Short Term Bond Index 0.8990 0.5490 NA NA
JM FMF - Series XIX - 385D Plan C - Growth* 10.0899 Crisil Short Term Bond Index 0.8990 0.5490 NA NA
JM FMF - Series XIX - 91D Plan B - Dividend* 10.0027 Crisil Short Term Bond Index 0.9838 0.9482 NA NA
JM FMF - Series XIX - 91D Plan B - Growth* 10.0983 Crisil Short Term Bond Index 0.9830 0.9482 NA NA
JM Interval Fund -Quarterly Plan-1-Institutional Dividend* 10.0251 Crisil Liquid Index 7.0638 6.2903 6.1714 5.2900
JM Interval Fund -Quarterly Plan-1-Institutional Growth 12.6039 Crisil Liquid Index 7.3562 6.2903 7.0277 6.2075
JM Interval Fund -Quarterly Plan-1-Dividend 10.0244 Crisil Liquid Index 7.0116 6.2903 6.6772 6.2075
JM Interval Fund -Quarterly Plan-1-Growth 12.4714 Crisil Liquid Index 7.0088 6.2903 6.6770 6.2075
JM G-Sec Fund - Regular : Growth 31.0662 I sec Composite Index 10.3499 NA 4.2525 6.4100
JM G-Sec Fund - Regular : Growth - Bonus 15.1078 I sec Composite Index 6.8330 6.8372 4.2528 6.4100
JM G-Sec Fund - Regular : Dividend 14.5936 I sec Composite Index 10.3549 NA 4.2512 6.4100
Past performance may or may not be sustained in future.
Notes:
* Absolute Returns.
@ The Benchmark for JM Basic Fund was changed from BSE Basic Industries Index to BSE 200 w.e.f. November 1, 2010.
5
Annual Report 2010-2011
a) Returns are Compounded Annualised Growth Rate Returns, with reinvestment of dividends, if any.
b) Returns of benchmark indices since inception date of the schemes are not available in some cases as the benchmark indices were launched / changed subsequent to the inception date of the scheme(s).
c) For the purpose of calculating returns, inception date is deemed to be the date of allotment.
d) Since for all the plans of JM Fixed Maturity Fund – Series XIX one year has not elapsed from the date of allotment, as on March 31, 2011, since inception returns are given in absolute term.
e) In case of JM High Liquidity Super Institutional Weekly Dividend Plan, returns are not calculated, as there were no unitholders under the Plan during the better part of the year. Unitholder(s) were present in the Scheme only during November 1, 2010 to December 9, 2010 and December 15, 2010 to March 2, 2011.
f) In case of JM Interval Fund - Quarterly Plan-1-Institutional Dividend, returns are computed from June 22, 2010 since there was no unitholder in the plan, prior to June 22, 2010.
Disclaimer regarding BSE Basic Industries Index
All rights in the BSE Basic Industries Index vest in BSE. BSE and BSE Basic Industries Index are trademarks of BSE and are used by JM Financial Asset Management Private Ltd. under license. BSE shall not be liable in any manner whatsoever (including in negligence) for any loss arising to any person whosoever out of use of or reliance on the BSE Basic Industries Index by any person.
JM Basic Fund is not sponsored, endorsed, sold or promoted by BSE. BSE makes no representation or warranty, express or implied to the investors in JM Basic Fund or any member of the public in any manner whatsoever regarding the advisability of investing in securities generally or in JM Basic Fund particularly or the ability of the index to track the sectors represented in the BSE Basic Industries Index. The relationship of BSE to the JM Financial Asset Management Pvt. Ltd is in respect of the licensing of use of BSE Basic Industries Index which is determined, composed and calculated by BSE without regard to the JM Financial Asset Management Pvt. Ltd. or JM Basic Fund. BSE has no obligation to take the needs of the investors of JM Basic Fund into consideration in determining, composing or calculating the BSE Basic Industries Index BSE is neither responsible for nor has participated in the determination of the time or price at which the units under JM Basic Fund are to be issued or in the determination or calculation of the equation by which the units are to be redeemed for the underlying securities. BSE has no obligation or liability in connection with the 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 data included therein and they shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSE makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Pvt. Ltd., investors of JM Basic Fund, or any other persons or entities from the use of BSE Basic Industries Index or any data included therein. BSE makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to BSE Basic Industries Index or any data included therein. Without limiting any of the foregoing, in no event shall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages”.
Disclaimer regarding BSE Finance Index
JM Financial Services Sector Fund is not sponsored, endorsed, sold or promoted by BSE. BSE makes no representation or warranty, express or implied to the investors in JM Financial Services Sector Fund or any member of the public in any manner whatsoever regarding the advisability of investing in securities generally or in JM Financial Services Sector Fund particularly or the ability of the index to track the sectors represented in the BSE Finance Index. The relationship of BSE to the JM Financial Asset Management Pvt. Ltd is in respect of the licensing of use of BSE Finance Index which is determined, composed and calculated by BSE without regard to the JM Financial Asset Management Pvt. Ltd. or JM Financial Services Sector Fund. BSE has no obligation to take the needs of the investors of JM Financial Services Sector Fund into consideration in determining, composing or calculating the BSE FinanceIndex BSE is neither responsible for nor has participated in the determination of the time or price at which the units under JM Financial Services Sector Fund are to be issued or in the determination or calculation of the equation by which the units are to be redeemed for the underlying securities. BSE has no obligation or liability in connection with the administration, marketing or trading of JM Financial Services Sector Fund”.
“BSE does not guarantee the accuracy and/or the completeness and/or continuity of BSE Finance Index or any data included therein and they shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSE makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Pvt. Ltd., investors of JM Financial Services Sector Fund, or any other persons or entities from the use of BSE Finance Index or any data included therein. BSE makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to BSE Finance Index or any data included therein. Without limiting any of the foregoing, in no event shall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages”.
Disclaimer regarding BSE Telecom Index
JM Telecom Sector Fund is not sponsored, endorsed, sold or promoted by BSE. BSE makes no representation or warranty, express or implied to the investors in JM Telecom Sector Fund or any member of the public in any manner whatsoever regarding the advisability of investing in securities generally or in JM Telecom Sector Fund particularly or the ability of the index to track the sectors represented in the BSE Telecom Index. The relationship of BSE to the JM Financial Asset Management Pvt. Ltd is in respect of the licensing of use of BSE Telecom Index which is determined, composed and calculated by BSE without regard to the JM Financial Asset Management Pvt. Ltd. or JM Telecom Sector Fund. BSE has no obligation to take the needs of the investors of JM Telecom Sector Fund into consideration in determining, composing or calculating the BSE Telecom Index BSE is neither responsible for nor has participated in the determination of the time or price at which the units under JM Telecom Sector Fund are to be issued or in the determination or calculation of the equation by which the units are to be redeemed for the underlying securities. BSE has no obligation or liability in connection with the administration, marketing or trading of JM Telecom Sector Fund”.
“BSE does not guarantee the accuracy and/or the completeness and/or continuity of BSE Telecom Index or any data included therein and they shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSE makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Pvt. Ltd., investors of JM Telecom Sector Fund, or any other persons or entities from the use of BSE Telecom Index or any data included therein. BSE makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to BSE Telecom Index or any data included therein. Without limiting any of the foregoing, in no event shall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages”.
Disclaimer regarding CNX Midcap Index
JM Small & Mid-cap Fund (“Product”) is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL makes no representation or warranty, express or implied to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product particularly or the ability of the CNX Midcap Index to track general stock market performance in India. The relationship of IISL to JM Financial Asset Management Private Limited is in respect of the using of the trademark and trade name of CNX Midcap Index which is determined, composed and calculated by IISL without regard to the JM Financial Asset Management Private Limited or the Product. IISL has no obligation to take the needs of JM Financial Asset Management Private Limited or the owners of the Product into consideration in determining, composing or calculating the CNX Midcap Index. IISL is not responsible for nor has participated in the determination of the timing of, prices at, or quantities of the Product to be issued or in the determination or calculation of the equation by which the Product is to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of the Product.
IISL does not guarantee the accuracy and / or the completeness of the CNX Midcap Index or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. IISL makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Private Limited, owners of the Product, or any other persons or entities from the use of the CNX Midcap Index or any data included therein. IISL makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the CNX Midcap Index or any data included therein. Without limiting any of the foregoing, in no event shall IISL have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages.
EQUITY SCHEMES OF JM FINANCIAL MUTUAL FUND:
JM Equity Fund JM Equity Fund is an open-ended growth scheme with the main objective to provide optimum capital growth and appreciation. The Scheme continues to hold a diversified portfolio with a prudent mix of large cap and mid cap stocks.
The scheme has underperformed the benchmark in 2010-11 and since inception.
The scheme was restructured wherein the strategy was to move to larger market cap Nifty stocks and avoid mid caps in a rising interest rate scenario. Subsequently the large cap constitutes more than 90% of the portfolio currently. As and when the market sentiment changes the Scheme will increase the non-nifty stocks and endeavor to achieve capital growth and appreciation through proper churn and mix of various market cap stocks.
JM Balanced Fund
JM Balanced Fund is an open-ended balanced Scheme with the investment objective to provide steady current income as well as long term growth of capital.
The Scheme has underperformed its benchmark during FY 2010-11 and since inception This underperformance was a result of sharp depreciation in portfolio value during the previous years specially 2008-09 as well as because some of the mid cap stocks held in last year, continued to underperform.
JM Balanced Fund has been adopting a conservative investment approach though the broad philosophy for the equity portion continues to be to pick high growth stocks using bottom-up investment approach.
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Annual Report 2010-2011
JM Multi Strategy Fund
JM Multi Strategy Fund invests primarily in equities and equity related securities using a combination of strategies. During favorable market conditions, the Scheme will act like an aggressive growth fund with a concentrated portfolio and a targeted portfolio beta of greater than 1, whereas in a bearish market scenario the Scheme will have a low volatility conservative portfolio of larger number of stocks with a targeted lower beta.
The scheme has underperformed the benchmark in 2010-11 and since inception.
The scheme has been re-structured and currently the scheme has more than 80% of large cap stocks and 70% in Nifty stocks. As and when the market sentiment improves the Scheme, will add more of non nifty stocks and mid cap stocks to generate an alpha for the portfolio.
JM Contra Fund
The investment objective of Contra Fund was to provide capital appreciation by following contrarian style of investing that refers to buying into fundamentally sound stocks that have been overlooked by the market (for reasons of short term trend) and waiting for the market to give these stocks their real value in course of time. JM Contra Fund was a diversified equity fund which invested in a contrarian manner in equities.
The Scheme has underperformed the benchmark in FY 2010-11 as the valuations of the Midcap stocks continued to be depressed. The scheme also lags the benchmark returns since inception, owing to poor performance in 2008.
JM Contra Fund has been merged with JM Multistrategy Fund which has a much wider mandate, since April 1, 2011. While JM Contra Fund invested into out of favour sectors/stocks and incubated stocks for a while before they found favour with the rest of the market, JM Multistrategy Fund adopted the growth or value style of investing depending on the current market situation.
JM Nifty Plus Fund (earlier known as JM Equity & Derivative Fund)
The Investment objective of the Scheme is to outperform the benchmark by predominantly investing in the constituents of S & P CNX Nifty in the same weightages as in its composition and through deployment of surplus cash in debt and money market instruments and derivative instruments.
The Scheme has marginally underperformed the benchmark in FY 2010-11 and continues to underperform the benchmark since inception.
The Scheme will be merged in to JM Equity fund based on no-objection letter no. OW/18024/2011 dated June 6, 2011 received from SEBI.
JM Small & Mid Cap Fund
The primary objective of the Scheme was to provide capital appreciation by primarily investing in small cap and mid-cap stocks.
The scheme underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years specially FY 2008-09. Also, some of the mid cap stocks held in last year, continued to underperform.
JM Small & Mid Cap fund has been merged with JM Multistrategy Fund since April 1, 2011. JM Multistrategy Fund has a wider mandate of following a growth / value style depending on the condition of the market (Please also refer JM Multistrategy Fund).
JM Mid Cap Fund (earlier known as JM Auto Sector Fund)
The Investment objective of the scheme was to generate long term capital growth at a controlled level of risk by predominantly investing in mid cap Companies.
The Scheme has underperformed its benchmark during FY 2010-11. However, the returns since inception are not comparable as this scheme was earlier JM Auto Sector Fund where the mandates and the benchmarks were different.
The Scheme has been merged with JM Multistrategy Fund on April 1, 2011 as the mandate of JM Mid Cap Fund was restricted only to midcaps.
JM Large Cap Fund (earlier JM Healthcare Sector Fund)
The Investment objective of JM Large Cap was to generate returns by predominantly investing in Large Cap Companies which would be top 100 companies on the National Stock Exchange of India Ltd. in terms of market capitalization.
The Scheme has outperformed its benchmark during FY 2010-11. However, since inception the returns are not comparable as Scheme was earlier JM Healthcare Fund where the mandates and the benchmark were different.
The Scheme has been merged with JM Equity since April 1, 2011 which is much more diversified and has a wider mandate as compared to JM Large Cap Fund.
JM Basic Fund
The primary objective of the scheme will be to provide capital appreciation to its unit holders through judicious deployment of the corpus of the Scheme in sectors categorized under “basic industry” in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The Fund would continue to remain open-ended with a sector focus.
The scheme has underperformed its benchmark in FY 2010-11 and since inception. The primary reason for underperformance has been the high exposure to the infrastructure sector with a midcap dominated portfolio.
The Scheme benchmark has been changed from BSE Basic Industries Index to BSE 200. Post the change in the benchmark, the scheme was restructured and its portfolio was diversified substantially. The proportion of large caps has been increased substantially and nifty stocks constituted more than 65% of the portfolio. We believe that a combination of diversification and co-relation to Nifty will give the portfolio an essential fundamental strength and stability going forward.
JM Emerging Leaders Fund
JM Emerging Leaders Fund is an open-ended equity oriented fund launched in June 2005. The primary investment objective of the scheme is to seek long term capital appreciation from investment in a portfolio of stocks across all market capitalization range. The portfolio may include those companies operating in emerging sectors of the economy or companies which exhibit potential to become leaders of tomorrow.
The Scheme has underperformed its benchmark in FY 2010-11 as the valuations of the Midcap stocks continue to be depressed. The Scheme also lags the benchmark returns since inception, owing to poor performance in 2008.
The Scheme had a concentrated exposure to 25 – 30 stocks in the portfolio. The Scheme will be merged with JM Multistrategy Fund as per the no objection letter dated June 6, 2011, received from SEBI.
JM Core 11 Fund - Series 1
JM Core 11 Fund- Series I was a 3 year close ended equity oriented scheme. SEBI vide its approval OW/4010/2011 dated February 2, 2011 permitted the Scheme to become open-ended in interest of the investors. The investment objective of the scheme is to provide long-term growth by investing predominantly in a concentrated portfolio of equity / equity related instruments. Because of a higher concentration, the scheme falls in the high risk – high return category.
The scheme has underperformed its benchmark in FY 2010-11 and since inception owing to poor performance in 2008.
The scheme has invested in fundamentally strong 11 stocks with a high growth potential. The scheme portfolio is focused on 60-70% large caps and rest in mid/small caps. Higher churning of portfolio is expected in the coming months as opposed to the buy and hold strategy of the past. The Scheme has become open-ended from March 5, 2011 and have met all the redemption requests upon conversion into an open-ended scheme.
JM Telecom Sector Fund
The primary investment objective of the scheme was to invest predominantly in equity and equity related instruments in the Telecom sector in India. Accordingly, the NAV of the Scheme was linked to the equity performance of such companies.
The Scheme has underperformed its benchmark in FY 2010-11 but has outperformed its benchmark since inception.
The Scheme has merged with JM Equity Fund since April 1, 2011 as the mandate of the Scheme was too restrictive.
JM Tax Gain Fund
The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. This scheme has a diversified portfolio and invests in companies across all market capitalizations. The Scheme seeks to provide capital appreciation by investing in growth stocks which are available at reasonable valuations across sectors.
The Scheme had underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years specially 2008-09 due to the underperformance of some of the mid cap stocks held in last year.
JM Agri & Infra Fund
The primary investment objective of the scheme was to generate long term growth by investing predominantly in equity / equity related instruments of companies that focused on agriculture and infrastructure development of India. JM Agri & Infra Fund invested predominantly in the two growth sectors - Agriculture and Infrastructure.
The Scheme has underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value as a result of the markets falling sharply and the defensive calls taken when the market was recovering.
JM Agri & Infra Fund has been merged with JM Basic Fund since April 1, 2011. (Please also refer JM Basic Fund).
JM HI FI Fund
The primary investment objective of the Scheme was to generate medium to long term capital growth from a portfolio that is substantially constituted of equity & equity related securities of companies which could benefit from the structural changes brought about by the continuing liberalization in economic policies and investments by the Government in the housing, infrastructure and financial services sectors.
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Annual Report 2010-2011
The Scheme has underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years, specially 2008-09 as well as because some of the mid cap stocks held in the last year, continued to underperform.
JM HI FI Fund has been merged with JM Basic Fund since April 1, 2011.
JM Financial Services Sector Fund
The primary investment objective of the Scheme was to invest predominantly in equity & equity related instruments in the Banking/Financial institutions/NBFC and housing finance sectors in India. Accordingly, the NAV of the Scheme was linked to the equity performance of such companies.
The Scheme had underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years specially 2008-09 as well as because of some of the mid cap stocks held in the last year.
The Scheme has been merged with JM Equity Fund since April 1, 2011 as the mandate of JM Financial Services Sector Fund was too restrictive and limited to one sector.
JM Arbitrage Advantage Fund
The primary investment objective of the Scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
The Scheme has outperformed the benchmark in FY 2010-11 and continues to outperform the benchmark since inception.
There has been an increased participation in both the cash and the derivatives market by all players – institutional as well as HNIs. As a result, the cost-of-carry has increased considerably in last few months. Markets are expected to be volatile in the near future. This volatility will help to churn the Arbitrage portfolio as few stock futures tend to trade at a discount to their cash market prices. The same can be deployed into fresh arbitrage in other stocks, which helps to enhance the returns of the Scheme.
JM High Liquidity Fund
The investment objective of the scheme is to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments. The Scheme is rated AAAf from CRISIL.
The Scheme has outperformed the benchmark as interest rates are expected to move up during the year. It is expected that short term rates will remain firm on account of the RBI‘s monetary policy and the Scheme could post better returns.
JM Money Manager Fund
The investment objective of the Scheme is to generate stable long term returns with low risk strategy and capital appreciation/ accretion through investments in debt instruments and related securities besides preservation of capital.
The Scheme has outperformed the benchmark in FY 2010-11 as the Scheme has maintained lower portfolio duration. It is expected that short term rates will remain firm on account of the RBI ‘s monetary policy and the Scheme could post better returns.
JM Floater Fund- Long Term Plan
The investment objective of the Scheme is to provide regular income and capital appreciation through investment in floating rate debt instruments; fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments.
The Scheme has outperformed the benchmark in FY 2010-11, as the fund maintained a lower portfolio duration. It is expected that short term rates will remain firm on account of the RBI‘s monetary policy and the scheme could post better returns.
JM Floater Fund– Short Term Plan
The investment objective of the Scheme is to provide regular income and capital appreciation through investment in floating rate debt instruments; fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments. The Scheme is primarily intended for the risk-averse investors, as interest rate environment has turned volatile.
The Scheme has underperformed the benchmark marginally in FY 2010-11 as the Scheme maintained higher cash levels amidst volatility in interest rates and a tight liquidity scenario.
It is expected that short term rates will remain firm on account of the RBI‘s monetary policy and the Scheme could post better returns.
JM MIP Fund (An open-ended monthly income fund with no assured return)
The investment objective of the Scheme is to generate regular income, primarily through investments in fixed income securities so as to make monthly, quarterly and annual dividend distribution, and declare bonus in the growth option. The Scheme would also aim to achieve capital appreciation through investing a portion of its assets in equity and equity related securities.
The Scheme has underperformed the benchmark in FY 2010-11, as bond yields spiked during the year and equity markets remained volatile.
JM Interval Fund
The investment objective of the Scheme and the plans launched there under is to seek to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the respective plans.
The Scheme has outperformed the benchmark in FY 2010-11 as interest rates moved up during the year.
JM Fixed Maturity Fund
The investment objective of the Schemes and the plans launched there under is to generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the respective Plans.
The various plans launched under the various series of JM Fixed Maturity Fund during the financial year are:
Scheme Name Tenure Allotment Date Date of Maturity
JM Fixed Maturity Fund Series XIX - Plan A 367 Days 7-Feb-11 8-Feb-12JM Fixed Maturity Fund Series XIX - Plan B 91 Days 23-Feb-11 24-May-11JM Fixed Maturity Fund Series XIX - Plan C 385 Days 11-Mar-11 29-Mar-12JM Fixed Maturity Fund Series XIX - Plan D 375 Days 25-Mar-11 2-Apr-12
The Schemes have outperformed the benchmark. It is expected that the short term rates will move up next year and the Scheme could post better returns.
JM Income Fund
The investment objective of the Scheme is to generate stable long term returns with low risk strategy and capital appreciation/accretion through investment in debt instruments and related securities besides preservation of capital.
The Scheme has underperformed the benchmark returns in FY 2010-11 as the Scheme maintained a marginally higher portfolio duration. Credit spreads are expected to remain in a range this year on expectation of tighter monetary policy and continuous supply of bonds. The Scheme will maintain a lower duration in view of the tight monetary policy by RBI.
JM Short Term Fund
The investment objective of the Scheme is to generate regular returns and high level of liquidity with low risk strategy and capital appreciation/accretion through investment in debt instruments and related securities besides preservation of capital. The Scheme provides moderate returns commensurate with its nature. The Scheme may invest up to 100% in money market instruments and short-term debt.
The Scheme has outperformed benchmark returns in FY 2010-11 by maintaining a low duration amidst rising interest rates and tight liquidity situation. The short end curve is expected to remain firm on the monetary stance of RBI and the tight liquidity situation. The Scheme will invest in securities with lower duration.
JM G-Sec Fund
The investment objective of the scheme is to provide ultimate level of safety to its unit holders through investments in sovereign securities issued by the Central and State Governments.
The Scheme has underperformed the benchmark returns in 1 year as the Scheme maintained a marginally higher duration than the benchmark. G-sec yields are likely to remain in a range with an upward bias on RBI stance on monetary policy and huge supply of government bonds. The Scheme will maintain a lower duration.
Brief background of Sponsors, Trust, Trustee Company and AMC
JM Financial Mutual Fund had been constituted as a Trust in 1994, with J.M. Financial & Investment Consultancy Services Pvt. Limited and JM Financial Limited as Settlors and JM Financial Trustee Company Private Limited as the Trustee Company in accordance with the provisions of the Indian Trust Act, 1882 and is duly registered under the Indian Registration Act, 1908. The Trustee Company has entered into an Investment Management Agreement dated September 1, 1994 with JM Financial Asset Management Private Limited (the AMC) to function as the Investment Manager for all the schemes of JM Financial Mutual Fund. JM Financial Mutual Fund was registered with SEBI on September 15, 1994. J.M. Financial & Investment Consultancy Services Pvt. Ltd. and JM Financial Ltd. have made initial contributions of Rs. One lakh each towards setting up of JM Financial Mutual Fund, which has been invested in JM Equity Fund. Consequent to the change in the shareholding of the AMC in October 2007 and by virtue of being the only shareholder holding more than 40% of the equity share capital of the AMC, JM Financial Limited has become the sole Sponsor of JM Financial Mutual Fund.
Trustee Company
The Trustee Company is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unit holders. The Trustee has been discharging its duties and carrying out the responsibilities as provided in the Regulations and the Trust Deed. The Trustee seeks to ensure that the Fund and the Schemes floated there under are managed by the AMC in accordance with the Trust Deed, the Regulations, directions and guidelines issued by SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies.
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Annual Report 2010-2011
ACCOUNTING POLICIES
Accounting Policies are in accordance with SEBI (Mutual Funds) Regulations, 1996.
Unclaimed Redemptions and Dividend
The Unclaimed Redemption and Dividend on the Balance sheet date are as under (Rs. in Lakhs).
2010-2011 2009-2010Scheme No. of
InvestorsAmount (Rs.
in Lakhs)No. of
InvestorsAmount (Rs.
in Lakhs)JM Equity Fund 1,735 7.29 1,738 7.43JM Balanced Fund 1,635 2.76 1,636 5.05JM Nifty Plus Fund 6 0.26 6 0.26
2010-2011 2009-2010Scheme No. of
InvestorsAmount (Rs.
in Lakhs)No. of
InvestorsAmount (Rs.
in Lakhs)JM Basic Fund 65 0.83 65 0.83
JM High Liquidity Fund 38 0.95 38 0.95
JM Floater Fund- Long Term Plan 10 1.67 10 1.67
JM MIP Fund 121 1.15 121 1.15
JM Income Fund 3,052 10.26 3,056 10.45
JM Short Term Fund 25 0.07 25 0.07
JM G-Sec Fund 16 1.39 17 1.39
Redressal of Complaints received against Mutual Funds (MFs) during April 2010 - March 2011Total Number of Folios: 394053 as on March 31, 2011
Com-plaint Code
Type of Complaint # (a) No of Complaints pending at the beginning of the Year
Action on (a) and (b)(b) No of complaints received during the year
Resolved Non Action-able*
PendingWith in 30 days
30 - 60 days
60 - 180 days
Beyond 180 days
0-3 months
3-6 months
6-9 months
9-12 months
More than 12 months
I A Non Receipt of Dividend on Units 6 280 275 6 3 1 0 1 0 0 0 0
I B Interest on delayed payment of Dividend 0 0 0 0 0 0 0 0 0 0 0 0I C Non Receipt of Redemption Proceeds 4 1165 1138 14 9 0 0 8 0 0 0 0I D Interest on delayed payment of
Redemption0 10 9 0 0 0 0 1 0 0 0 0
II A Non receipt of statement of Account / Unit Certificate
0 74 74 0 0 0 0 0 0 0 0 0
II B Discrepancy in Statement of Account 0 6 5 0 1 0 0 0 0 0 0 0II C Non receipt of Annual Report / Abridged
Summary0 0 0 0 0 0 0 0 0 0 0 0
III A Wrong switch between Schemes 0 3 3 0 0 0 0 0 0 0 0 0III B Unauthorized switch between Schemes 0 0 0 0 0 0 0 0 0 0 0 0III C Deviation from Scheme attributes 0 0 0 0 0 0 0 0 0 0 0 0III D Wrong or excess charges / load 0 2 2 0 0 0 0 0 0 0 0 0III E Non updation of changes viz. address,
PAN, bank details, nomination, etc2 212 210 2 2 0 0 0 0 0 0 0
IV others 15 1616 1603 12 6 0 0 7 1 0 0 2TOTAL 27 3368 3319 34 21 1 0 17 1 0 0 2
# including against its uthorized persons/ distributors/ employees. Etc.
*Non actionable means the complaint that are incomplete / outside the scope of the mutual fund.
Note: Out of 20 complaints pending as on March 31, 2011 (including 2 complaints with Consumer Forum in more than 12 months category), 19 cases have since been redressed and only one complaint being a Consumer Forum case, is pending as on June 29, 2011. Statutory Informationa. The Sponsor is not responsible or liable for any loss resulting from the operation of the Schemes of the Fund beyond their initial contribution (to the extent contributed) of Rs. 1 lakh for setting up the Fund, and such
other accretions / additions to the same.b. The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments.c. Full Annual Report shall be disclosed on the website (www.jmfinancialmf.com) and shall be available for inspection at the Corporate Office of the Mutual Fund. Present and prospective unit holders can obtain a copy
of the Trust Deed, the full Annual Report of the Fund / AMC at a price.AcknowledgementsThe Trustees would like to thank the Securities and Exchange Board of India, the Reserve Bank of India, Association of Mutual Funds in India for their continued support, co-operation and guidance during the year. The Trustees would also like to thank the Auditors, Custodian, Registrar & Transfer Agents, Bankers and all other service providers for their support. The Trustees also take this opportunity to place on record the contribution made by the employees of JM Financial Asset Management Private Limited and for their dedication, commitment and wholehearted support throughout the year.
For and on behalf of Board of TrusteesJM Financial Trustee Company Private Limited
Place : Mumbai Nimesh KampaniDated : June 29, 2011 Chairman
9
Annual Report 2010-2011
AUDITORs’ REPORT
The Board of Trustees
JM Financial Mutual Fund
We have audited the attached Balance Sheet as at March 31, 2011 and the Revenue Account for the year / period ended on that date annexed thereto of JM Equity Fund, JM Balanced Fund, JM Multi Strategy Fund, JM Contra Fund, JM Nifty Plus Fund, JM Small & Mid-cap Fund, JM Mid Cap Fund, JM Large Cap Fund, JM Basic Fund, JM Emerging Leaders Fund, JM Core 11 Fund - Series 1, JM Telecom Sector Fund, JM Tax Gain Fund, JM Agri & Infra Fund, JM HI FI Fund, JM Financial Services Sector Fund, JM High Liquidity Fund, JM Money Manager Fund - Super Plus Plan, JM Money Manager Fund - Super Plan, JM Money Manager Fund - Regular Plan, JM Floater Fund- Long Term Plan, JM Floater Fund - Short Term Plan, JM MIP Fund, JM Interval Fund - Quarterly Plan 1, JM Fixed Maturity Fund Series XIX - Plan A, JM Fixed Maturity Fund Series XIX - Plan B, JM Fixed Maturity Fund Series XIX - Plan C, JM Fixed Maturity Fund Series XIX - Plan D, JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1, JM Income Fund, JM Short Term Fund, JM G-Sec Fund - Regular Plan, and JM Arbitrage Advantage Fund (the schemes) of JM Financial Mutual Fund (the Fund). These financial statements are prepared in accordance with the SEBI (Mutual Fund) Regulations, 1996 (the Regulations) and are the responsibility of the Management. Our responsibility is to express an opinion on these financial statements based on our audit.
We have audited the attached Revenue Account of JM Interval Fund Quarterly Plan 2 (Redeemed on April 6, 2010), for the period from April 1, 2010 to April 6, 2010, JM Fixed Maturity Fund Series XIII 18 Months Plan 1 (Redeemed on April 26, 2010), for the period from April 1, 2010 to April 26, 2010. and JM Fixed Maturity Fund Series XVI Yearly Plan (Redeemed on November 15, 2010) for the period from April 1, 2010 to November 15, 2010 (the schemes) of JM Financial Mutual Fund (the Fund). The aforesaid schemes do not have any assets or liabilities as at March 31, 2011 and hence no Balance Sheet has been prepared. These financial statements are prepared in accordance with the SEBI (Mutual Fund) Regulations, 1996 (the Regulations) and are the responsibility of the Management. Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
We report that:
1. We have obtained all information and explanations, which, to the best of our knowledge and belief were necessary for the purpose of our audit.
2. The Balance Sheet and the Revenue Account are in agreement with the books of account of the Scheme.
3. In our opinion, valuation methods for Non Traded Securities, adopted by the scheme are fair and reasonable and are in accordance with the guidelines for valuation issued by SEBI and approved by the Trustees.
4. The accounts have been prepared in accordance with the accounting policies and standards as specified in the Ninth Schedule to the SEBI (Mutual Funds) Regulations, 1996 (the Regulations).
5. In our opinion and to the best of our information and according to the explanations given to us, the statement of accounts read with the notes thereon, give the information required by the Regulations and give a true and fair view in accordance with the generally accepted accounting principles in India:
a. in the case of Balance Sheet, of the state of affairs of the schemes as at March 31, 2011; and
b. in the case of Revenue Account, of the surplus/deficit of the schemes for the year/period ended on March 31, 2011.
For N. M. RAIJI & CO.
Chartered Accountants
Firm Reg. No: 108296W
J. M. GANDHI
Partner
Membership No: 37924
Place: Mumbai
Dated: April 27, 2011
10
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.
JM Equity Fund JM Balanced Fund JM Multi Strategy Fund
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Liabilities
Unit Capital A 124,099,649 217,440,717 60,441,085 110,054,230 155,774,795 306,802,832
Reserves & Surplus B 161,496,385 222,329,248 51,726,268 82,475,226 59,461,583 124,694,107
Current Liabilities & Provisions C 2,510,732 13,070,678 494,388 946,839 7,968,786 6,059,731
Total 288,106,766 452,840,643 112,661,741 193,476,295 223,205,164 437,556,670
Assets
Investments D 283,399,287 409,061,036 100,696,613 181,028,473 217,668,627 400,721,709
Deposits E 3,834,063 43,311,940 10,955,380 11,415,536 2,050,596 27,319,929
Other Current Assets F 873,416 467,667 1,009,748 1,032,286 3,485,941 9,515,032
Deferred Revenue Expenditure G - - - - - -
Total 288,106,766 452,840,643 112,661,741 193,476,295 223,205,164 437,556,670
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.
JM Equity Fund JM Balanced Fund JM Multi Strategy Fund
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend 3,737,230 5,312,965 1,760,435 1,947,063 3,151,779 5,254,895 Interest 603,139 697,902 2,635,521 2,577,858 736,402 644,134 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
82,176,943 132,726,730 59,205,153 30,465,156 127,315,506 281,844,504
Profit on inter-scheme transfer/sale of investments - 1,194,180 - - 6,204,141 - Profit on Futures / Options 629,313 4,267,035 757,836 2,432,927 97,331 9,578,884 Other income - - - - - - Net change in unrealised appreciation / depreciation of Investments
- 170,328,280 - 105,619,114 - 88,483,036
Load Income 80,228 94,001 14,642 14,051 37,422 44,027 Total Income 87,226,853 314,621,093 64,373,587 143,056,169 137,542,581 385,849,480 Expenses and LossesManagement & Operating expenses H 8,827,907 12,351,683 4,026,688 5,827,364 7,860,078 12,731,879 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
29,548,753 38,662,684 7,355,721 34,765,811 47,414,644 12,166,085
Loss on Futures / Options 408,613 10,240,556 317,660 - 525,150 27,460,873 Loss on inter-scheme transfer/sale of investments - - 148,082 - - - Net change in unrealised appreciation/depreciation of Investments
21,199,165 - 38,321,072 - 69,744,046 -
Total Expenses & Losses 59,984,438 61,254,923 50,169,223 40,593,175 125,543,918 52,358,837 Surplus / (Deficit) for the year 27,242,415 253,366,170 14,204,364 102,462,994 11,998,663 333,490,643 Add/(Less): Income Equalisation Account (40,092,626) (115,159,332) (21,924,905) (222,063,050) (7,023,373) (165,095,495)Add: Write back of provision for Unrealised Appreciation on Investments
59,020,896 - 45,973,670 - 87,054,904 -
Less: Provision for Unrealised Appreciation on Investments
(37,821,731) (59,020,896) (7,652,598) (45,973,670) (17,310,859) (87,054,904)
Surplus / (Deficit) 8,348,954 79,185,942 30,600,531 (165,573,726) 74,719,335 81,340,244 Balance brought forward from Balance Sheet 107,589,563 50,977,229 2,865,035 175,608,933 (45,569,686) (116,950,016)Surplus / (Deficit) available for distribution 115,938,517 130,163,171 33,465,566 10,035,207 29,149,649 (35,609,772)
Appropriation
Income Distribution - 22,573,608 - 7,170,172 - 9,959,914
Distribution Tax - - - - - -
Balance carried to the Balance Sheet 115,938,517 107,589,563 33,465,566 2,865,035 29,149,649 (45,569,686)
Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
11
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.
JM Equity Fund JM Balanced Fund JM Multi Strategy Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 78,820,962 154,967,378 40,313,611 71,364,106 45,102,059 98,376,078
Unit Capital - Growth 45,278,687 62,473,339 20,127,474 38,690,124 110,672,736 208,426,754
Unit Capital - Bonus - - - - - -
Unit Capital - Daily Dividend - - - - - -
Unit Capital - Weekly Dividend - - - - - -
Unit Capital - Fortnightly Dividend - - - - - -
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - - - - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend - - - - - -
Unit Capital - Institutional Daily Dividend - - - - - -
Unit Capital - Institutional Growth - - - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - - - - -
Unit Capital - Premium Dividend - - - - - -
Unit Capital - Premium Growth - - - - - -
Unit Capital - Premium Daily Dividend - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - -
Total 124,099,649 217,440,717 60,441,085 110,054,230 155,774,795 306,802,832
No.of Units of face value of Rs.10/- each 12,409,965 21,744,072 6,044,109 11,005,423 15,577,480 30,680,283
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve -
Opening Balance 55,718,789 3,079,451 33,636,521 (154,607,804) 83,208,889 -
Add/(Less): Transfer from/to Income Equalisation Account - 56,313,440 - 194,348,000 - 26,700,660
Add/(Less): On account of purchase/sale of units (47,982,652) (3,674,102) (23,028,417) (6,103,675) (70,207,814) 56,508,229
Closing Balance 7,736,137 55,718,789 10,608,104 33,636,521 13,001,075 83,208,889
Unrealised Appreciation Reserve 37,821,731 59,020,896 7,652,598 45,973,670 17,310,859 87,054,904
Surplus/(Deficit)
Balance brought forward from Revenue Account 115,938,517 107,589,563 33,465,566 2,865,035 29,149,649 (45,569,686)
Grand Total 161,496,385 222,329,248 51,726,268 82,475,226 59,461,583 124,694,107
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors 130,754 116,992 - - - -
Contracts for purchase of investments - - - - - -
Management fee payable 294,330 481,278 128,021 207,028 221,051 467,821
Trusteeship fee payable 10,899 17,672 6,378 9,241 7,959 16,884
Load Payable 973,267 719,123 12,161 39,638 4,575,641 3,083,650
Others 575,685 561,896 336,011 227,554 470,393 536,592
Mark to market payable - - - - - -
Payable on repurchase of units 525,797 11,173,717 11,817 463,378 2,693,742 1,954,784
Total 2,510,732 13,070,678 494,388 946,839 7,968,786 6,059,731
SCHEDULE D
Investments
Equity Shares 283,977,326 409,639,075 77,207,884 143,060,592 217,668,627 400,721,709
Less: Provision for Equity Shares cost (578,039) (578,039) (32,569) (32,569) - -
Privately Placed Debentures/Bonds - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
- - 23,521,298 38,000,450 - -
12
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.
JM Equity Fund JM Balanced Fund JM Multi Strategy Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - - - -
Treasury Bills - - - - - -
Commercial Paper - - - - - -
Securitised - - - - - -
Certificate of Deposits - - - - - -
Others (Mutual Fund Units) - - - - - -
Total 283,399,287 409,061,036 100,696,613 181,028,473 217,668,627 400,721,709
SCHEDULE E
Deposits
- CBLO 3,834,063 38,761,940 10,955,380 5,315,536 2,050,596 27,319,929
- Term Deposits - - - - - -
- Margin Deposits - 4,550,000 - 6,100,000 - -
- Deposit with CCIL - - - - - -
Total 3,834,063 43,311,940 10,955,380 11,415,536 2,050,596 27,319,929
SCHEDULE F
Other Current Assets
Balances with banks in current account 441,164 126,682 108,375 105,023 3,133,765 2,421,203
Contracts for sale of investments - - - - - 6,491,211
Mark to market receivable - - - - - -
Outstanding and accrued income 63,867 68,046 897,078 923,746 108,088 3,556
Less : Provision for doubtful income (63,003) (63,003) - - - -
Shares/Debentures application money - - - - - -
Receivable on reissue of units 412,494 316,282 1,000 - 215,184 598,151
Others 18,894 19,660 3,295 3,517 28,904 911
Total 873,416 467,667 1,009,748 1,032,286 3,485,941 9,515,032
SCHEDULE G
Deferred Revenue Expenditure (to the extent not written off )
Opening balance - - - - - -
Less: Amount written off during the period - - - - - -
Less: Adjusted against redemption of units - - - - - -
Closing Balance - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 4,001,766 5,599,124 1,825,333 2,641,594 3,563,041 5,771,470
Service tax on Mangement fees 412,182 576,710 188,009 272,084 366,993 594,461
Trusteeship fees 176,564 247,041 80,536 116,551 157,207 254,646
Interest on Borrowing - - - - - -
Registration and legal expenses 28,461 35,780 12,886 17,132 26,385 40,565
Commission to agents 2,494,295 3,448,232 1,168,675 1,713,780 2,142,307 2,689,146
Publicity expenses 433,337 1,429,728 193,067 629,533 461,967 1,842,534
Audit fees 76,650 54,158 35,075 25,742 67,783 52,854
Custodian fees 38,423 53,841 13,142 18,777 36,827 62,423
Registrar fee 654,599 450,804 297,400 213,587 565,403 480,415
Administrative expenses 511,630 456,265 212,565 178,584 472,165 943,365
Total 8,827,907 12,351,683 4,026,688 5,827,364 7,860,078 12,731,879
13
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 2,655,000,962 4,704,438,015 68,707,065 82,746,664 829,543,180 1,329,375,386 Reserves & Surplus B (1,294,126,920) (2,069,064,620) 52,409,865 48,243,269 (427,663,169) (571,299,730)Current Liabilities & Provisions C 67,649,124 21,952,904 726,386 758,768 5,149,585 5,477,031 Total 1,428,523,166 2,657,326,299 121,843,316 131,748,701 407,029,596 763,552,687 AssetsInvestments D 1,319,886,825 2,472,793,574 99,839,278 109,215,675 362,313,828 707,989,369 Deposits E 103,898,590 178,719,291 21,326,595 22,502,807 43,911,865 51,058,845 Other Current Assets F 4,737,751 5,813,434 677,443 30,219 803,903 4,504,473
Deferred Revenue Expenditure G - - - - - - Total 1,428,523,166 2,657,326,299 121,843,316 131,748,701 407,029,596 763,552,687
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend 26,623,723 25,175,735 1,189,509 1,018,292 6,190,626 7,769,493 Interest 3,653,201 3,731,806 1,188,997 293,955 1,850,139 1,740,057 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
435,327,603 913,936,563 8,161,612 25,500,202 109,641,358 64,281,262
Profit on inter-scheme transfer/sale of investments 16,795,096 16,926,682 - - 148,053 - Profit on Futures / Options 2,027,272 215,659,639 10,729,911 24,473,103 514,357 - Other income 198 405 254 67 - - Net change in unrealised appreciation / depreciation of Investments
- 1,967,059,404 1,200,600 23,625,076 - 712,462,395
Load Income 485,712 634,793 - - 175,661 163,898 Total Income 484,912,805 3,143,125,027 22,470,883 74,910,695 118,520,194 786,417,105 Expenses and LossesManagement & Operating expenses H 49,895,124 67,290,892 1,548,012 1,532,324 15,298,079 19,184,369 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
474,723,536 1,163,464,822 239,416 2,766,833 105,618,929 296,934,425
Loss on Futures / Options 1,473,114 449,284,971 8,859,224 20,067,649 1,078,931 -
Loss on inter-scheme transfer/sale of investments 34,895,081 887,197 - - 16,720,084 - Net change in unrealised appreciation/depreciation of Investments
1,383,444 - - - 31,263,949 -
Total Expenses & Losses 562,370,299 1,680,927,882 10,646,652 24,366,806 169,979,972 316,118,794 Surplus / (Deficit) for the year (77,457,494) 1,462,197,145 11,824,231 50,543,889 (51,459,778) 470,298,311 Add/(Less): Income Equalisation Account 852,395,194 1,028,708,700 2,396,891 (35,957,967) 195,096,339 23,466,995 Add: Write back of provision for Unrealised Appreciation on Investments
147,479,353 - 29,189,101 5,564,025 50,429,106 -
Less: Provision for Unrealised Appreciation on Investments
(146,095,909) (147,479,353) (30,389,701) (29,189,101) (19,165,156) (50,429,106)
Surplus / (Deficit) 776,321,144 2,343,426,492 13,020,522 (9,039,154) 174,900,511 443,336,200 Balance brought forward from Balance Sheet (2,286,438,948) (4,629,865,440) (15,131,901) 978,054 (671,323,598) (1,114,659,798)Surplus / (Deficit) available for distribution (1,510,117,804) (2,286,438,948) (2,111,379) (8,061,100) (496,423,087) (671,323,598)AppropriationIncome Distribution - - - 7,070,801 - - Distribution Tax - - - - - - Balance carried to the Balance Sheet (1,510,117,804) (2,286,438,948) (2,111,379) (15,131,901) (496,423,087) (671,323,598)Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria Chaitanya Choksi Sanjay Chhabaria
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Chaitanya Choksi Partner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011
Chairman Director Place: Mumbai
14
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 1,036,298,225 1,959,632,811 36,949,365 48,020,641 336,314,521 535,954,461
Unit Capital - Growth 1,618,702,737 2,744,805,204 31,757,700 34,726,023 493,228,659 793,420,925
Unit Capital - Bonus - - - - - -
Unit Capital - Daily Dividend - - - - - -
Unit Capital - Weekly Dividend - - - - - -
Unit Capital - Fortnightly Dividend - - - - - -
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - - - - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend - - - - - -
Unit Capital - Institutional Daily Dividend - - - - - -
Unit Capital - Institutional Growth - - - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - - - - -
Unit Capital - Premium Dividend - - - - - -
Unit Capital - Premium Growth - - - - - -
Unit Capital - Premium Daily Dividend - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - -
Total 2,655,000,962 4,704,438,015 68,707,065 82,746,664 829,543,180 1,329,375,386
No.of Units of face value of Rs.10/- each 265,500,096 470,443,802 6,870,707 8,274,666 82,954,318 132,937,539
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance 69,894,975 25,251,656 34,186,069 - 49,594,762 (35,341,569)
Add/(Less): Transfer from/to Income Equalisation Account - (1,256,117,160) - 29,264,310 - (63,691,293)
Add/(Less): On account of purchase/sale of units - 1,300,760,479 (10,054,526) 4,921,759 - 148,627,624
Closing Balance 69,894,975 69,894,975 24,131,543 34,186,069 49,594,762 49,594,762
Unrealised Appreciation Reserve 146,095,909 147,479,353 30,389,701 29,189,101 19,165,156 50,429,106
Surplus/(Deficit)
Balance brought forward from Revenue Account (1,510,117,804) (2,286,438,948) (2,111,379) (15,131,901) (496,423,087) (671,323,598)
Grand Total (1,294,126,920) (2,069,064,620) 52,409,865 48,243,269 (427,663,169) (571,299,730)
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - -
Contracts for purchase of investments - - - - - -
Management fee payable 1,419,418 2,473,173 58,490 56,514 418,041 823,963
Trusteeship fee payable 54,327 102,020 4,387 4,840 15,051 29,738
Load Payable 1,640,274 1,006,002 115,090 129,624 1,797,704 1,015,313
Others 3,190,443 3,197,149 151,554 155,593 813,238 906,184
Mark to market payable - - - 101,272 - -
Payable on repurchase of units 61,344,662 15,174,560 396,865 310,925 2,105,551 2,701,833
Total 67,649,124 21,952,904 726,386 758,768 5,149,585 5,477,031
SCHEDULE D
Investments
Equity Shares 1,319,886,825 2,472,793,574 99,818,000 93,737,296 362,313,828 707,989,369
Less: Provision for Equity Shares cost - - - - - -
Privately Placed Debentures/Bonds - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
- - 21,278 - - -
15
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - - - -
Treasury Bills - - - - - -
Commercial Paper - - - - - -
Securitised - - - - - -
Certificate of Deposits - - - - - -
Others (Mutual Fund Units) - - - 15,478,379 - -
Total 1,319,886,825 2,472,793,574 99,839,278 109,215,675 362,313,828 707,989,369
SCHEDULE E
Deposits
- CBLO 103,898,590 166,519,291 15,326,595 15,302,807 43,911,865 51,058,845
- Term Deposits - - - - - -
- Margin Deposits - 12,200,000 6,000,000 7,200,000 - -
- Deposit with CCIL - - - - - -
Total 103,898,590 178,719,291 21,326,595 22,502,807 43,911,865 51,058,845
SCHEDULE F
Other Current Assets
Balances with banks in current account 2,905,518 67 613 61 454,923 -
Contracts for sale of investments - 5,080,926 - - - 4,337,769
Mark to market receivable - - 69,480 - - -
Outstanding and accrued income 904,241 21,674 21,353 16,361 210,784 6,629
Less : Provision for doubtful income - - - - - -
Shares/Debentures application money - - - - - -
Receivable on reissue of units 391,338 560,143 585,997 13,622 113,595 160,075
Others 536,654 150,624 - 175 24,601 -
Total 4,737,751 5,813,434 677,443 30,219 803,903 4,504,473
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - - - - -
Less: Amount written off during the period - - - - - -
Less: Adjusted against redemption of units - - - - - -
Closing Balance - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 21,363,974 28,373,467 651,681 637,665 6,934,751 8,696,439
Service tax on Mangement fees 2,200,489 2,922,467 67,123 65,679 714,279 895,733
Trusteeship fees 1,053,258 1,439,842 63,787 63,769 305,971 383,699
Interest on Borrowing - - - - - -
Registration and legal expenses 170,850 209,927 8,083 7,876 49,504 52,261
Commission to agents 12,337,025 18,837,695 127,273 110,829 4,265,447 4,892,392
Publicity expenses 5,598,015 8,567,310 158,729 18,322 705,493 2,551,546
Audit fees 463,173 317,998 14,137 7,375 133,641 90,426
Custodian fees 217,350 310,170 14,619 17,932 59,653 77,817
Registrar fee 3,747,987 3,100,975 216,591 88,990 1,124,899 687,723
Administrative expenses 2,743,003 3,211,041 225,989 513,887 1,004,441 856,333
Total 49,895,124 67,290,892 1,548,012 1,532,324 15,298,079 19,184,369
16
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010 LiabilitiesUnit Capital A 41,215,836 66,609,738 32,075,208 40,028,471 2,086,074,643 3,596,497,762 Reserves & Surplus B 35,137,630 69,867,122 18,260,413 15,255,177 278,961,559 1,862,215,967 Current Liabilities & Provisions C 1,824,202 1,841,518 597,646 205,801 70,416,821 86,541,434 Total 78,177,668 138,318,378 50,933,267 55,489,449 2,435,453,023 5,545,255,163 AssetsInvestments D 74,754,627 122,194,312 47,599,766 51,671,994 2,339,312,062 5,453,003,284 Deposits E 3,233,656 6,968,084 3,187,800 3,814,736 91,552,856 63,741,235 Other Current Assets F 189,385 9,155,982 145,701 2,719 4,588,105 28,510,644
Deferred Revenue Expenditure G - - - - - - Total 78,177,668 138,318,378 50,933,267 55,489,449 2,435,453,023 5,545,255,163
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend 1,331,748 1,277,884 674,020 777,995 46,612,340 49,554,958 Interest 320,754 313,180 141,150 170,236 3,341,178 3,521,310 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
27,467,760 18,634,238 16,003,852 14,879,143 682,169,174 1,491,448,840
Profit on inter-scheme transfer/sale of investments 1,721,786 951,761 60,619 2,570 3,752,465 6,062,648 Profit on Futures / Options - - 198,323 - 48,803,782 168,067,036 Other income - - - - 5,446 596 Net change in unrealised appreciation / depreciation of Investments
- 41,661,649 - 19,846,072 - 4,028,733,212
Load Income 7,789 8,599 2,980 10,408 1,724,790 2,264,034 Total Income 30,849,837 62,847,311 17,080,944 35,686,424 786,409,175 5,749,652,634 Expenses and LossesManagement & Operating expenses H 2,495,593 2,616,322 1,260,447 1,493,656 89,704,567 131,874,411 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
18,882,970 9,539,749 4,835,049 12,522,036 1,009,981,750 1,559,605,553
Loss on Futures / Options - - - - 27,113,934 204,004,737 Loss on inter-scheme transfer/sale of investments 928,126 - 605,353 - 108,663,242 21,837,078 Net change in unrealised appreciation/depreciation of Investments
12,095,138 - 4,662,388 - 414,914,801 -
Total Expenses & Losses 34,401,827 12,156,071 11,363,237 14,015,692 1,650,378,294 1,917,321,779 Surplus / (Deficit) for the year (3,551,990) 50,691,240 5,717,707 21,670,732 (863,969,119) 3,832,330,855 Add/(Less): Income Equalisation Account (17,231,495) (4,314,425) 872,288 (34,638,632) (410,672,589) 3,181,684,616 Add: Write back of provision for Unrealised Appreciation on Investments
17,599,464 - 8,459,973 - 432,119,901 -
Less: Provision for Unrealised Appreciation on Investments
(5,504,327) (17,599,464) (3,797,585) (8,459,973) (17,205,100) (432,119,901)
Surplus / (Deficit) (8,688,348) 28,777,351 11,252,383 (21,427,873) (859,726,907) 6,581,895,570 Balance brought forward from Balance Sheet 38,095,385 17,048,615 (3,058,892) 21,397,732 1,083,436,391 (5,298,780,926)Surplus / (Deficit) available for distribution 29,407,037 45,825,966 8,193,491 (30,141) 223,709,484 1,283,114,644 AppropriationIncome Distribution - 7,730,581 - 3,028,751 (4,522) 199,678,253 Distribution Tax - - - - - -
Balance carried to the Balance Sheet 29,407,037 38,095,385 8,193,491 (3,058,892) 223,714,006 1,083,436,391 Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria Asit Bhandarkar
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Asit Bhandarkar Partner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
17
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 26,627,842 39,015,120 22,978,844 30,404,017 1,178,108,741 1,975,368,964
Unit Capital - Growth 14,587,994 27,594,618 9,096,364 9,624,454 907,965,902 1,621,128,798
Unit Capital - Bonus - - - - - -
Unit Capital - Daily Dividend - - - - - -
Unit Capital - Weekly Dividend - - - - - -
Unit Capital - Fortnightly Dividend - - - - - -
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - - - - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend - - - - - -
Unit Capital - Institutional Daily Dividend - - - - - -
Unit Capital - Institutional Growth - - - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - - - - -
Unit Capital - Premium Dividend - - - - - -
Unit Capital - Premium Growth - - - - - -
Unit Capital - Premium Daily Dividend - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - -
Total 41,215,836 66,609,738 32,075,208 40,028,471 2,086,074,643 3,596,497,762
No.of Units of face value of Rs.10/- each 4,121,584 6,660,974 3,207,521 4,002,847 208,607,464 359,649,776
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance 14,172,273 (17,411,651) 9,854,096 (22,007,702) 346,659,675 3,999,504,947
Add/(Less): Transfer from/to Income Equalisation Account - 28,784,880 - 31,736,269 - (3,897,523,254)
Add/(Less): On account of purchase/sale of units (13,946,007) 2,799,044 (3,584,759) 125,529 (308,617,222) 244,677,982
Closing Balance 226,266 14,172,273 6,269,337 9,854,096 38,042,453 346,659,675
Unrealised Appreciation Reserve 5,504,327 17,599,464 3,797,585 8,459,973 17,205,100 432,119,901
Surplus/(Deficit)
Balance brought forward from Revenue Account 29,407,037 38,095,385 8,193,491 (3,058,892) 223,714,006 1,083,436,391
Grand Total 35,137,630 69,867,122 18,260,413 15,255,177 278,961,559 1,862,215,967
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - 3,187 3,187
Contracts for purchase of investments - - - - 42,408,858 15,305,469
Management fee payable 79,346 147,176 51,655 60,649 2,153,949 5,027,362
Trusteeship fee payable 2,857 5,312 1,860 2,189 87,385 217,250
Load Payable 1,135,347 465,798 20,982 29,718 14,232,799 9,713,331
Others 169,798 201,469 151,063 67,566 4,943,211 6,323,124
Mark to market payable - - - - - -
Payable on repurchase of units 436,854 1,021,763 372,086 45,679 6,587,432 49,951,711
Total 1,824,202 1,841,518 597,646 205,801 70,416,821 86,541,434
SCHEDULE D
Investments
Equity Shares 74,754,627 122,194,312 47,599,766 51,671,994 2,341,168,772 5,454,859,994
Less: Provision for Equity Shares cost - - - - (1,856,710) (1,856,710)
Privately Placed Debentures/Bonds - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
- - - - - -
18
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - - - -
Treasury Bills - - - - - -
Commercial Paper - - - - - -
Securitised - - - - - -
Certificate of Deposits - - - - - -
Others (Mutual Fund Units) - - - - - -
Total 74,754,627 122,194,312 47,599,766 51,671,994 2,339,312,062 5,453,003,284
SCHEDULE E
Deposits
- CBLO 3,233,656 6,968,084 3,187,800 3,814,736 79,952,856 48,341,235
- Term Deposits - - - - - -
- Margin Deposits - - - - 11,600,000 15,400,000
- Deposit with CCIL - - - - - -
Total 3,233,656 6,968,084 3,187,800 3,814,736 91,552,856 63,741,235
SCHEDULE F
Other Current Assets
Balances with banks in current account 120,564 14,954 105,384 - 2,787,186 206,039
Contracts for sale of investments - 1,369,887 - - - 19,823,836
Mark to market receivable - - - - 110,299 -
Outstanding and accrued income 41,731 907 720 498 1,464,020 317,433
Less : Provision for doubtful income - - - - (311,137) (311,137)
Shares/Debentures application money - - - - - -
Receivable on reissue of units 20,500 7,767,912 36,054 2,000 440,911 8,371,146
Others 6,590 2,322 3,543 221 96,826 103,327
Total 189,385 9,155,982 145,701 2,719 4,588,105 28,510,644
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - - - - -
Less: Amount written off during the period - - - - - -
Less: Adjusted against redemption of units - - - - - -
Closing Balance - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 1,131,274 1,186,001 571,372 677,087 37,821,675 56,392,394
Service tax on Mangement fees 116,521 122,158 58,851 69,740 3,895,632 5,808,417
Trusteeship fees 49,913 52,328 25,210 29,874 1,960,924 2,985,126
Interest on Borrowing - - - - - -
Registration and legal expenses 8,314 8,365 3,862 4,061 324,037 405,307
Commission to agents 690,598 576,032 330,974 414,488 15,538,524 35,067,689
Publicity expenses 117,279 431,039 74,232 177,909 17,173,227 17,496,689
Audit fees 21,827 14,995 10,999 6,752 842,173 628,219
Custodian fees 8,859 9,931 5,509 6,057 441,800 1,098,253
Registrar fee 182,867 91,664 97,487 54,480 6,758,407 5,455,325
Administrative expenses 168,141 123,809 81,951 53,208 4,948,168 6,536,992
Total 2,495,593 2,616,322 1,260,447 1,493,656 89,704,567 131,874,411
19
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 1,863,552,340 2,984,497,860 2,040,619,503 5,259,431,062 49,709,436 103,570,935 Reserves & Surplus B (516,613,696) (640,622,857) (1,240,092,878) (2,916,003,567) (13,061,726) (21,420,484)Current Liabilities & Provisions C 47,533,103 29,175,433 7,502,219 45,740,101 2,472,523 718,721 Total 1,394,471,747 2,373,050,436 808,028,844 2,389,167,596 39,120,233 82,869,172 AssetsInvestments D 1,331,242,132 2,319,228,303 794,236,396 2,198,750,802 23,199,066 80,771,942 Deposits E 58,312,193 39,679,683 11,174,730 74,522,444 15,440,593 2,061,630 Other Current Assets F 4,917,422 14,142,450 2,617,718 18,574,682 480,574 35,600
Deferred Revenue Expenditure G - - - 97,319,668 - - Total 1,394,471,747 2,373,050,436 808,028,844 2,389,167,596 39,120,233 82,869,172
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend 27,194,387 21,947,747 13,131,591 18,800,003 332,903 171,576 Interest 926,684 1,686,711 2,754,450 706,391 179,398 70,343 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
413,007,651 475,660,758 296,277,664 314,878,688 15,701,758 4,709,935
Profit on inter-scheme transfer/sale of investments 296,815 9,501,096 - 19,614,435 - - Profit on Futures / Options 4,341,361 75,168,748 71,304,179 153,346,895 - - Other income - - - - - - Net change in unrealised appreciation / depreciation of Investments
- 2,106,095,203 - 1,723,648,783 4,212,788 18,368,813
Load Income 844,840 946,422 - - 6,147 9,434 Total Income 446,611,738 2,691,006,685 383,467,884 2,230,995,195 20,432,994 23,330,101 Expenses and LossesManagement & Operating expenses H 46,529,129 53,148,756 46,475,145 54,738,266 1,779,632 1,420,568 Deferred revenue expenditure written off - - 85,436,345 1,18,121,293 - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
278,618,242 991,625,671 309,393,591 426,908,629 19,996,638 3,431,966
Loss on Futures / Options 2,557,637 87,841,647 19,029,470 12,683,826 - - Loss on inter-scheme transfer/sale of investments - 26,154,624 6,377,717 154,909,850 - - Net change in unrealised appreciation/depreciation of Investments
127,886,248 - 145,386,841 - - -
Total Expenses & Losses 455,591,256 1,158,770,698 612,099,109 767,361,864 21,776,270 4,852,534 Surplus / (Deficit) for the year (8,979,518) 1,532,235,987 (228,631,225) 1,463,633,331 (1,343,276) 18,477,567 Add/(Less): Income Equalisation Account 152,555,640 (214,265,852) 51,542,487 499,717,851 9,702,034 (13,525,762)Add: Write back of provision for Unrealised Appreciation on Investments
205,350,367 - 146,657,267 - - -
Less: Provision for Unrealised Appreciation on Investments
(77,464,119) (205,350,367) (1,270,426) (146,657,267) (50,750) -
Surplus / (Deficit) 271,462,370 1,112,619,768 (31,701,897) 1,816,693,915 8,308,008 4,951,805 Balance brought forward from Balance Sheet (1,091,993,513) (2,204,613,281) (3,209,931,184) (5,026,625,099) (21,420,484) (26,372,289)Surplus / (Deficit) available for distribution (820,531,143) (1,091,993,513) (3,241,633,081) (3,209,931,184) (13,112,476) (21,420,484)AppropriationIncome Distribution - - - - - - Distribution Tax - - - - - - Balance carried to the Balance Sheet (820,531,143) (1,091,993,513) (3,241,633,081) (3,209,931,184) (13,112,476) (21,420,484)Accounting Policies and Notes on Accounts IFund Manager Asit Bhandarkar
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Asit Bhandarkar Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
20
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 892,590,420 1,419,467,540 702,831,749 2,230,830,376 18,108,686 69,723,849
Unit Capital - Growth 970,961,920 1,565,030,320 1,337,787,754 3,028,600,686 31,600,750 33,847,086
Unit Capital - Bonus - - - - - -
Unit Capital - Daily Dividend - - - - - -
Unit Capital - Weekly Dividend - - - - - -
Unit Capital - Fortnightly Dividend - - - - - -
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - - - - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend - - - - - -
Unit Capital - Institutional Daily Dividend - - - - - -
Unit Capital - Institutional Growth - - - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - - - - -
Unit Capital - Premium Dividend - - - - - -
Unit Capital - Premium Growth - - - - - -
Unit Capital - Premium Daily Dividend - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - -
Total 1,863,552,340 2,984,497,860 2,040,619,503 5,259,431,062 49,709,436 103,570,935
No.of Units of face value of Rs.10/- each 186,355,234 298,449,786 204,061,950 525,943,106 4,970,944 10,357,094
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve -
Opening Balance 246,020,289 (185,338,189) 147,270,350 73,399,846 - (1,039,421)
Add/(Less): Transfer from/to Income Equalisation Account - 103,803,500 - (762,219,666) - 21,559,162
Add/(Less): On account of purchase/sale of units (19,566,961) 327,554,978 1,852,999,427 836,090,170 - (20,519,741)
Closing Balance 226,453,328 246,020,289 2,000,269,777 147,270,350 - -
Unrealised Appreciation Reserve 77,464,119 205,350,367 1,270,426 146,657,267 50,750 -
Surplus/(Deficit)
Balance brought forward from Revenue Account (820,531,143) (1,091,993,513) (3,241,633,081) (3,209,931,184) (13,112,476) (21,420,484)
Grand Total (516,613,696) (640,622,857) (1,240,092,878) (2,916,003,567) (13,061,726) (21,420,484)
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - -
Contracts for purchase of investments 29,484,981 5,953,760 - 40,965,904 - -
Management fee payable 1,306,138 2,279,364 904,444 2,107,283 40,004 85,339
Trusteeship fee payable 49,229 93,277 33,068 85,512 1,440 3,080
Load Payable 7,110,397 3,775,744 - - 664,117 131,761
Others 2,670,248 2,866,822 4,105,086 2,368,070 177,279 87,494
Mark to market payable 360,047 - - 212,171 - -
Payable on repurchase of units 6,552,063 14,206,466 2,459,621 1,161 1,589,683 411,047
Total 47,533,103 29,175,433 7,502,219 45,740,101 2,472,523 718,721
SCHEDULE D
Investments
Equity Shares 1,331,242,132 2,319,228,303 794,236,396 2,198,750,802 23,199,066 80,771,942
Less: Provision for Equity Shares cost - - - - - -
Privately Placed Debentures/Bonds - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
- - - - - -
21
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - - - -
Treasury Bills - - - - - -
Commercial Paper - - - - - -
Securitised - - - - - -
Certificate of Deposits - - - - - -
Others (Mutual Fund Units) - - - - - -
Total 1,331,242,132 2,319,228,303 794,236,396 2,198,750,802 23,199,066 80,771,942
SCHEDULE E
Deposits
- CBLO 31,312,193 16,479,683 11,174,730 53,972,444 15,440,593 2,061,630
- Term Deposits - - - - - -
- Margin Deposits 27,000,000 23,200,000 - 20,550,000 - -
- Deposit with CCIL - - - - - -
Total 58,312,193 39,679,683 11,174,730 74,522,444 15,440,593 2,061,630
SCHEDULE F
Other Current Assets
Balances with banks in current account 2,888,211 250,223 1,951,580 - 462,972 62
Contracts for sale of investments - 11,275,982 - 18,566,777 - -
Mark to market receivable - - - - - -
Outstanding and accrued income 7,084 2,144 2,525 7,023 3,489 268
Less : Provision for doubtful income - - - - - -
Shares/Debentures application money - - - - - -
Receivable on reissue of units 2,006,220 2,596,296 660,478 - 6,508 33,902
Others 15,907 17,805 3,135 882 7,605 1,368
Total 4,917,422 14,142,450 2,617,718 18,574,682 480,574 35,600
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - 97,319,668 243,543,350 - -
Less: Amount written off during the period - - 85,436,345 118,121,293 - -
Less: Adjusted against redemption of units - - 11,883,323 28,102,389 - -
Closing Balance - - - 97,319,668 - -
SCHEDULE H
Management & Operating Expenses
Management fees 20,007,672 22,675,000 19,965,044 23,316,202 806,723 643,956
Service tax on Mangement fees 2,060,790 2,335,525 2,056,400 2,401,569 83,092 66,327
Trusteeship fees 978,456 1,125,563 978,234 1,160,921 35,594 28,412
Interest on Borrowing - - - - - -
Registration and legal expenses 156,017 153,076 156,292 155,985 5,565 3,876
Commission to agents 11,194,752 14,359,288 16,541,379 20,975,197 511,057 206,212
Publicity expenses 4,976,677 7,587,021 199,399 2,232,118 63,436 232,208
Audit fees 437,039 278,726 439,500 266,684 16,334 8,707
Custodian fees 259,376 239,877 217,220 255,425 18,113 6,154
Registrar fee 3,649,695 2,010,519 3,688,681 2,274,074 131,912 49,119
Administrative expenses 2,808,655 2,384,161 2,232,996 1,700,091 107,806 175,597
Total 46,529,129 53,148,756 46,475,145 54,738,266 1,779,632 1,420,568
22
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 812,569,493 790,970,456 3,491,968,381 5,073,945,900 163,411,752 218,128,263 Reserves & Surplus B (238,990,198) (231,661,134) (2,632,534,621) (3,574,401,411) (80,845,715) (98,690,944)Current Liabilities & Provisions C 18,718,727 6,675,744 26,453,421 3,048,343 1,438,402 1,113,199 Total 592,298,022 565,985,066 885,887,181 1,502,592,832 84,004,439 120,550,518 AssetsInvestments D 530,971,031 523,968,011 846,761,391 1,315,322,249 82,175,621 113,386,161 Deposits E 26,739,179 38,543,926 32,473,314 102,128,270 1,434,093 6,348,094 Other Current Assets F 34,587,812 3,473,129 6,652,476 4,638,030 394,725 816,263
Deferred Revenue Expenditure G - - - 80,504,283 - - Total 592,298,022 565,985,066 885,887,181 1,502,592,832 84,004,439 120,550,518
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend 5,557,869 4,141,539 10,642,532 16,478,870 1,216,058 1,282,981 Interest 956,577 721,941 1,972,740 1,225,899 234,011 194,970 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
85,150,192 179,041,828 192,824,484 366,204,522 26,675,727 62,367,248
Profit on inter-scheme transfer/sale of investments 3,090,425 2,841,366 6,068,536 11,462,253 - 1,462,351 Profit on Futures / Options 4,529,901 25,258,125 29,855,783 237,755,169 2,983,640 14,599,376 Other income - 68,843 - - - 18,935 Net change in unrealised appreciation / depreciation of Investments
- 180,081,649 - 1,201,992,623 - 27,631,659
Load Income - - - - 18,949 24,956 Total Income 99,284,964 392,155,291 241,364,075 1,835,119,336 31,128,385 107,582,476 Expenses and LossesManagement & Operating expenses H 14,828,122 12,042,835 29,470,562 36,852,917 2,686,268 3,226,453 Deferred revenue expenditure written off - - 70,365,291 112,607,637 - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
72,822,622 109,724,147 255,175,322 838,675,634 23,725,186 36,335,091
Loss on Futures / Options 10,616,082 40,758,404 33,771,815 330,211,764 6,038,188 26,066,484 Loss on inter-scheme transfer/sale of investments - 158,288 6,762,615 49,908,703 388,340 17,793 Net change in unrealised appreciation/depreciation of Investments
2,604,876 - 40,094,447 - 3,853,400 -
Total Expenses & Losses 100,871,702 162,683,674 435,640,052 1,368,256,655 36,691,382 65,645,821 Surplus / (Deficit) for the year (1,586,738) 229,471,617 (194,275,977) 466,862,681 (5,562,997) 41,936,655 Add/(Less): Income Equalisation Account (5,742,326) (71,040,918) 320,271,726 967,495,901 23,408,226 17,747,310 Add: Write back of provision for Unrealised Appreciation on Investments
51,456,138 - 11,291,089 - 3,985,733 -
Less: Provision for Unrealised Appreciation on Investments
(48,851,262) (51,456,138) - (11,291,089) (132,334) (3,985,733)
Surplus / (Deficit) (4,724,188) 106,974,561 137,286,838 1,423,067,493 21,698,628 55,698,232 Balance brought forward from Balance Sheet (323,183,876) (430,158,437) (3,598,194,675) (5,021,262,168) (106,680,645) (162,378,877)Surplus / (Deficit) available for distribution (327,908,064) (323,183,876) (3,460,907,837) (3,598,194,675) (84,982,017) (106,680,645)AppropriationIncome Distribution - - - - - - Distribution Tax - - - - - -
Balance carried to the Balance Sheet (327,908,064) (323,183,876) (3,460,907,837) (3,598,194,675) (84,982,017) (106,680,645)
Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Partner Chairman Director Chief Executive Officer Fund Manager M. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
23
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 272,604,464 266,852,957 1,043,853,290 1,794,635,305 81,232,035 105,861,547
Unit Capital - Growth 539,965,029 524,117,499 2,448,115,091 3,279,310,595 82,179,717 112,266,716
Unit Capital - Bonus - - - - - -
Unit Capital - Daily Dividend - - - - - -
Unit Capital - Weekly Dividend - - - - - -
Unit Capital - Fortnightly Dividend - - - - - -
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - - - - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend - - - - - -
Unit Capital - Institutional Daily Dividend - - - - - -
Unit Capital - Institutional Growth - - - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - - - - -
Unit Capital - Premium Dividend - - - - - -
Unit Capital - Premium Growth - - - - - -
Unit Capital - Premium Daily Dividend - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - -
Total 812,569,493 790,970,456 3,491,968,381 5,073,945,900 163,411,752 218,128,263
No.of Units of face value of Rs.10/- each 81,256,949 79,097,046 349,196,838 507,394,590 16,341,175 21,812,826
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance 40,066,604 (10,830,482) 12,502,175 162,431,450 4,003,968 (2,126,816)
Add/(Less): Transfer from/to Income Equalisation Account - 80,310,283 - (1,058,419,722) - (10,467,178)
Add/(Less): On account of purchase/sale of units - (29,413,197) 815,871,041 908,490,447 - 16,597,962
Closing Balance 40,066,604 40,066,604 828,373,216 12,502,175 4,003,968 4,003,968
Unrealised Appreciation Reserve 48,851,262 51,456,138 - 11,291,089 132,334 3,985,733
Surplus/(Deficit)
Balance brought forward from Revenue Account (327,908,064) (323,183,876) (3,460,907,837) (3,598,194,675) (84,982,017) (106,680,645)
Grand Total (238,990,198) (231,661,134) (2,632,534,621) (3,574,401,411) (80,845,715) (98,690,944)
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - -
Contracts for purchase of investments 17,000,282 5,460,784 - - - -
Management fee payable 576,350 577,822 938,849 1,415,509 84,031 130,014
Trusteeship fee payable 20,751 20,854 33,803 54,305 3,025 4,692
Load Payable 43,729 44,970 - - 319,265 165,854
Others 1,077,615 571,314 1,947,796 1,485,289 407,971 236,786
Mark to market payable - - - 93,240 - -
Payable on repurchase of units - - 23,532,973 - 624,110 575,853
Total 18,718,727 6,675,744 26,453,421 3,048,343 1,438,402 1,113,199
SCHEDULE D
Investments
Equity Shares 530,971,031 523,968,011 846,761,391 1,313,597,249 82,175,621 113,386,161
Less: Provision for Equity Shares cost - - - - - -
Privately Placed Debentures/Bonds - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
- - - 1,725,000 - -
24
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - - - -
Treasury Bills - - - - - -
Commercial Paper - - - - - -
Securitised - - - - - -
Certificate of Deposits - - - - - -
Others (Mutual Fund Units) - - - - - -
Total 530,971,031 523,968,011 846,761,391 1,315,322,249 82,175,621 113,386,161
SCHEDULE E
Deposits
- CBLO 26,739,179 34,933,926 32,473,314 69,628,270 1,434,093 748,094
- Term Deposits - - - - - -
- Margin Deposits - 3,610,000 - 32,500,000 - 5,600,000
- Deposit with CCIL - - - - - -
Total 26,739,179 38,543,926 32,473,314 102,128,270 1,434,093 6,348,094
SCHEDULE F
Other Current Assets
Balances with banks in current account 17,000,271 16,156 5,710,635 - 319,057 -
Contracts for sale of investments 16,608,181 1,995,565 - 4,401,231 - 292,032
Mark to market receivable - - - - - -
Outstanding and accrued income 625,649 4,547 363,737 236,700 44,890 85
Less : Provision for doubtful income - - - - - -
Shares/Debentures application money - - - - - -
Receivable on reissue of units 353,571 1,450,500 373,598 - 23,525 452,082
Others 140 6,361 204,506 99 7,253 72,064
Total 34,587,812 3,473,129 6,652,476 4,638,030 394,725 816,263
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - 80,504,283 223,674,557 - -
Less: Amount written off during the period - - 70,365,291 112,607,637 - -
Less: Adjusted against redemption of units - - 10,138,992 30,562,637 - -
Closing Balance - - - 80,504,283 - -
SCHEDULE H
Management & Operating Expenses
Management fees 6,721,714 5,459,121 13,111,209 16,109,216 1,217,708 1,462,579
Service tax on Mangement fees 692,337 562,289 1,350,454 1,659,249 125,424 150,646
Trusteeship fees 296,572 240,864 600,408 763,449 53,727 64,531
Interest on Borrowing - - - - - -
Registration and legal expenses 43,991 33,291 95,219 111,957 8,387 9,617
Commission to agents 3,762,542 2,730,313 8,585,200 12,810,241 452,534 837,867
Publicity expenses 833,847 1,659,202 177,730 1,454,379 126,325 381,568
Audit fees 132,041 61,575 265,157 169,218 23,991 14,506
Custodian fees 62,697 55,805 134,042 179,908 265,655 15,239
Registrar fee 1,150,471 530,780 2,256,294 1,795,916 201,319 118,456
Administrative expenses 1,131,910 709,595 2,894,849 1,799,384 211,198 171,444
Total 14,828,122 12,042,835 29,470,562 36,852.917 2,686,268 3,226,453
25
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 168,093,055 272,456,173 3,786,182,061 9,997,692,063 3,951,257,323 22,260,547,061 Reserves & Surplus B 1,544,672 (28,869,622) 1,636,402,629 2,849,671,599 119,034,315 2,304,501,211 Current Liabilities & Provisions C 12,601,487 3,350,423 13,560,803 1,833,764,282 6,496,095 181,391,002 Total 182,239,214 246,936,974 5,436,145,493 14,681,127,944 4,076,787,733 24,746,439,274 AssetsInvestments D 104,669,101 233,639,666 5,326,715,561 14,673,021,027 3,933,992,733 22,580,677,641 Deposits E 72,438,545 13,143,819 109,029,131 4,617,575 36,457,927 67,831,251 Other Current Assets F 5,131,568 153,489 400,801 3,489,342 106,337,073 2,097,930,382
Deferred Revenue Expenditure G - - - - - - Total 182,239,214 246,936,974 5,436,145,493 14,681,127,944 4,076,787,733 24,746,439,274
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend 2,691,992 4,729,863 - - - - Interest 361,719 291,990 1,693,533,061 428,400,285 1,145,643,783 2,316,326,827 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
60,740,167 95,198,709 10,895,991 17,339,712 89,779,128 210,385,500
Profit on inter-scheme transfer/sale of investments - 1,829,166 - - - 12,783,593 Profit on Futures / Options 2,707,240 33,592,355 - - - - Other income - - 870,038 36,878 5,026,153 13,168 Net change in unrealised appreciation / depreciation of Investments
- 93,030,502 284,488 - - 19,816,348
Load Income 105,427 130,469 - - - - Total Income 66,606,545 228,803,054 1,705,583,578 445,776,875 1,240,449,064 2,559,325,436 Expenses and LossesManagement & Operating expenses H 5,310,696 7,113,260 51,270,878 18,696,744 64,151,257 163,665,080 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
22,615,333 25,811,157 4,089,172 30,388,064 44,744,770 73,509,826
Loss on Futures / Options 3,958,283 71,029,093 - - - - Loss on inter-scheme transfer/sale of investments - 6,233,026 56,979 - 196,702 340,132 Net change in unrealised appreciation/depreciation of Investments
1,918,128 - - 214,122 26,501,927 -
Total Expenses & Losses 33,802,440 110,186,536 55,417,029 49,298,930 135,594,656 237,515,038 Surplus / (Deficit) for the year 32,804,105 118,616,518 1,650,166,549 396,477,945 1,104,854,408 2,321,810,398 Add/(Less): Income Equalisation Account 7,197,578 (24,990,652) (2,352,604,564) 254,581,331 (2,551,232,026) 156,668,191 Add: Write back of provision for Unrealised Appreciation on Investments
12,324,692 - - - 21,244,524 1,428,176
Less: Provision for Unrealised Appreciation on Investments
(10,406,565) (12,324,692) - - - (21,244,524)
Surplus / (Deficit) 41,919,810 81,301,174 (702,438,015) 651,059,276 (1,425,133,094) 2,458,662,241 Balance brought forward from Balance Sheet (48,430,183) (129,731,357) 2,849,671,599 2,283,764,181 2,283,256,687 930,623,294 Surplus / (Deficit) available for distribution (6,510,373) (48,430,183) 2,147,233,584 2,934,823,457 858,123,593 3,389,285,535 AppropriationIncome Distribution - - 399,961,532 66,356,387 607,284,230 904,286,814 Distribution Tax - - 110,768,456 18,795,471 131,658,781 201,742,034
Balance carried to the Balance Sheet (6,510,373) (48,430,183) 1,636,503,596 2,849,671,599 119,180,582 2,283,256,687
Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria Shalini Tibrewala
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
26
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 44,590,312 81,151,330 - - 3,611,589,242 13,104,386,286
Unit Capital - Growth 123,502,743 191,304,843 110,860,343 69,853,569 302,282,075 7,517,481,735
Unit Capital - Bonus - - 3,259,797 2,849,249 - -
Unit Capital - Daily Dividend - - 245,880,420 462,967,299 - -
Unit Capital - Weekly Dividend - - 75,965,979 57,437,695 37,146,050 1,632,952,769
Unit Capital - Fortnightly Dividend - - - - 239,956 5,726,271
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - 1,681,690 1,243,018 - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend - - 53,726,834 13,419,823 - -
Unit Capital - Institutional Daily Dividend - - 140,934,852 13,999,410 - -
Unit Capital - Institutional Growth - - 97,254,656 53,941,911 - -
Unit Capital - Super Institutional Daily Dividend - - 499,430,282 3,218,518,409 - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - 2,557,187,208 6,103,461,680 - -
Unit Capital - Premium Dividend - - - - - -
Unit Capital - Premium Growth - - - - - -
Unit Capital - Premium Daily Dividend - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - -
Total 168,093,055 272,456,173 3,786,182,061 9,997,692,063 3,951,257,323 22,260,547,061
No.of Units of face value of Rs.10/- each 16,809,306 27,245,617 378,618,206 999,769,206 395,125,732 2,226,054,706
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance 7,235,869 (51,110,025) - (1,851,751,234) - 22,469,600
Add/(Less): Transfer from/to Income Equalisation Account - (7,801,171) - 760,048,273 - (4,722,926,804)
Add/(Less): On account of purchase/sale of units (9,587,389) 66,147,065 (100,967) 1,091,702,961 (146,267) 4,700,457,204
Closing Balance (2,351,520) 7,235,869 (100,967) - (146,267) -
Unrealised Appreciation Reserve 10,406,565 12,324,692 - - - 21,244,524
Surplus/(Deficit)
Balance brought forward from Revenue Account (6,510,373) (48,430,183) 1,636,503,596 2,849,671,599 119,180,582 2,283,256,687
Grand Total 1,544,672 (28,869,622) 1,636,402,629 2,849,671,599 119,034,315 2,304,501,211
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - -
Contracts for purchase of investments - - - - - -
Management fee payable 179,512 256,817 1,663,910 409,409 2,109,726 5,788,594
Trusteeship fee payable 6,463 9,269 957,425 369,392 287,721 1,924,241
Load Payable 764,061 306,545 - - - -
Others 388,166 303,786 5,490,827 1,095,325 3,373,727 7,072,887
Mark to market payable - - - - - -
Payable on repurchase of units 11,263,285 2,474,006 5,448,641 1,831,890,156 724,921 166,605,280
Total 12,601,487 3,350,423 13,560,803 1,833,764,282 6,496,095 181,391,002
SCHEDULE D
Investments
Equity Shares 104,669,101 233,639,666 - - - -
Less: Provision for Equity Shares cost - - - - - -
Privately Placed Debentures/Bonds - - - 2,750,000,000 747,876,175 2,316,070,754
Debt Securities listed/ awaiting listing on a recognised stock exchange
- - - 79,048,104 368,144,751 445,238,290
27
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - - - -
Treasury Bills - - - - 98,630,000 149,505,000
Commercial Paper - - 1,870,649,561 3,128,376,859 995,951,807 7,803,227,211
Securitised - - - - - 744,327,236
Certificate of Deposits - - 3,456,066,000 8,715,596,064 1,723,390,000 6,848,863,398
Others (Mutual Fund Units) - - - - - 4,273,445,752
Total 104,669,101 233,639,666 5,326,715,561 14,673,021,027 3,933,992,733 22,580,677,641
SCHEDULE E
Deposits
- CBLO 72,438,545 13,143,819 109,029,131 2,217,575 12,257,927 17,831,251
- Term Deposits - - - - - -
- Margin Deposits - - - - - -
- Deposit with CCIL - - - 2,400,000 24,200,000 50,000,000
Total 72,438,545 13,143,819 109,029,131 4,617,575 36,457,927 67,831,251
SCHEDULE F
Other Current Assets
Balances with banks in current account 506,774 - 284,574 164,575 744,746 724,787
Contracts for sale of investments - - - - - -
Mark to market receivable - - - - - -
Outstanding and accrued income 162,464 1,693 24,744 2,993,804 59,163,070 62,050,291
Less : Provision for doubtful income - - - - - -
Shares/Debentures application money - - - - - -
Receivable on reissue of units 4,395,330 146,169 596 - 46,402,306 2,035,117,482
Others 67,000 5,627 90,887 330,963 26,951 37,822
Total 5,131,568 153,489 400,801 3,489,342 106,337,073 2,097,930,382
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - - - - -
Less: Amount written off during the period - - - - - -
Less: Adjusted against redemption of units - - - - - -
Closing Balance - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 2,407,384 3,224,501 18,285,788 4,095,759 27,171,383 61,276,178
Service tax on Mangement fees 247,961 332,124 1,883,436 421,863 2,798,653 6,311,446
Trusteeship fees 106,217 142,270 11,932,101 4,714,686 10,053,969 24,179,404
Interest on Borrowing - - 2,712,329 223,367 911,672 199,310
Registration and legal expenses 16,657 21,479 1,250,402 502,421 1,195,766 2,560,600
Commission to agents 1,479,285 1,958,684 7,825,097 2,731,226 10,743,033 32,730,168
Publicity expenses 258,961 772,740 140,391 192,834 531,954 2,388,780
Audit fees 46,935 29,718 325,229 91,896 414,205 716,050
Custodian fees 22,280 32,130 1,391,219 295,854 919,195 2,948,977
Registrar fee 397,967 259,138 4,117,537 4,864,358 7,310,008 25,546,461
Administrative expenses 327,049 340,476 1,407,349 562,480 2,101,419 4,807,706
Total 5,310,696 7,113,260 51,270,878 18,696,744 64,151,257 163,665,080
28
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 1,380,354,444 1,232,127,310 1,189,008,007 1,027,731,030 62,119,317 15,119,680 Reserves & Surplus B 154,836,235 172,019,462 105,216,716 170,717,046 29,218,751 2,676,327 Current Liabilities & Provisions C 2,859,979 682,292 1,082,565 93,097 48,896 43,399 Total 1,538,050,658 1,404,829,064 1,295,307,288 1,198,541,173 91,386,964 17,839,406 AssetsInvestments D 1,522,779,858 1,399,844,311 1,284,629,777 1,196,065,914 19,707,470 13,006,173 Deposits E 10,293,791 2,950,445 8,182,716 2,348,739 71,560,963 4,395,344 Other Current Assets F 4,977,009 2,034,308 2,494,795 126,520 118,531 437,889
Deferred Revenue Expenditure G - - - - - - Total 1,538,050,658 1,404,829,064 1,295,307,288 1,198,541,173 91,386,964 17,839,406
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend - - - - - - Interest 341,132,023 24,129,258 100,715,094 4,437,569 4,159,120 1,818,967 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
4,548,871 87,238 4,717,849 26,347 12,624 -
Profit on inter-scheme transfer/sale of investments - - - - - - Profit on Futures / Options - - - - - - Other income 757,118 - - - 450 - Net change in unrealised appreciation / depreciation of Investments
92,859 - - - 72,546 -
Load Income - - - - - - Total Income 346,530,871 24,216,496 105,432,943 4,463,916 4,244,740 1,818,967 Expenses and LossesManagement & Operating expenses H 17,338,574 1,402,948 4,953,856 479,450 308,730 203,196 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
1,253,776 6,700 23,918 17,369 77,658 -
Loss on Futures / Options - - - - - - Loss on inter-scheme transfer/sale of investments - 2,649 - 1,734 465 - Net change in unrealised appreciation/depreciation of Investments
- - 11,197 - - 24,693
Total Expenses & Losses 18,592,350 1,412,297 4,988,971 498,553 386,853 227,889 Surplus / (Deficit) for the year 327,938,521 22,804,199 100,443,972 3,965,363 3,857,887 1,591,078 Add/(Less): Income Equalisation Account (104,661,597) (367,546,966) (96,507,586) 160,092,264 23,421,298 (46,652,028)Add: Write back of provision for Unrealised Appreciation on Investments
- - - - - -
Less: Provision for Unrealised Appreciation on Investments
(92,859) - - - - -
Surplus / (Deficit) 223,184,065 (344,742,767) 3,936,386 164,057,627 27,279,185 (45,060,950)Balance brought forward from Balance Sheet 172,019,462 531,329,718 170,717,046 8,351,394 2,676,327 48,403,917 Surplus / (Deficit) available for distribution 395,203,527 186,586,951 174,653,432 172,409,021 29,955,512 3,342,967 AppropriationIncome Distribution 199,040,808 12,507,525 57,213,391 1,417,094 623,699 571,844 Distribution Tax 41,082,600 2,059,964 12,224,620 274,881 113,062 94,796 Balance carried to the Balance Sheet 155,080,119 172,019,462 105,215,421 170,717,046 29,218,751 2,676,327 Accounting Policies and Notes on Accounts I
Fund Manager Shalini Tibrewala
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
29
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 804,407,364 512,979,619 842,593,418 361,327,954 559,947 534,435
Unit Capital - Growth 376,491,018 570,488,646 295,245,765 660,348,414 3,172,244 4,331,688
Unit Capital - Bonus - - - - - -
Unit Capital - Daily Dividend - - - - 562,332 680,876
Unit Capital - Weekly Dividend 189,322,916 126,332,527 46,177,890 4,312,042 368,013 3,031,922
Unit Capital - Fortnightly Dividend 10,133,146 22,326,518 4,990,934 1,742,620 - -
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - - - - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend - - - - - -
Unit Capital - Institutional Daily Dividend - - - - - -
Unit Capital - Institutional Growth - - - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - - - - -
Unit Capital - Premium Dividend - - - - 198,145 3,194,912
Unit Capital - Premium Growth - - - - 56,178,292 687,565
Unit Capital - Premium Daily Dividend - - - - 692,499 1,063,094
Unit Capital - Premium Weekly Dividend - - - - 387,845 1,595,188
Total 1,380,354,444 1,232,127,310 1,189,008,007 1,027,731,030 62,119,317 15,119,680
No.of Units of face value of Rs.10/- each 138,035,444 123,212,731 118,900,801 102,773,103 6,211,932 1,511,968
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance - (523,290,369) - (336,984) - (41,854,695)
Add/(Less): Transfer from/to Income Equalisation Account - 408,968,340 - 3,543,395 - 44,748,430
Add/(Less): On account of purchase/sale of units (336,743) 114,322,029 1,295 (3,206,411) - (2,893,735)
Closing Balance (336,743) - 1,295 - - -
Unrealised Appreciation Reserve 92,859 - - - - -
Surplus/(Deficit)
Balance brought forward from Revenue Account 155,080,119 172,019,462 105,215,421 170,717,046 29,218,751 2,676,327
Grand Total 154,836,235 172,019,462 105,216,716 170,717,046 29,218,751 2,676,327
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - -
Contracts for purchase of investments - - - - - -
Management fee payable 500,653 138,570 218,838 21,537 21,306 7,038
Trusteeship fee payable 108,725 48,596 54,715 5,324 3,272 1,008
Load Payable 172,008 46,154 118,749 - - 435
Others 1,231,440 199,211 690,263 59,224 22,917 4,811
Mark to market payable - - - - - -
Payable on repurchase of units 847,153 249,761 - 7,012 1,401 30,107
Total 2,859,979 682,292 1,082,565 93,097 48,896 43,399
SCHEDULE D
Investments
Equity Shares - - - - - -
Less: Provision for Equity Shares cost - - - - - -
Privately Placed Debentures/Bonds - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
988,804 1,000,000 988,804 1,000,000 - 13,006,173
30
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - - - -
Treasury Bills - - - - - -
Commercial Paper 490,970,475 338,374,387 492,303,685 402,341,996 19,707,470 -
Securitised - - - - - -
Certificate of Deposits 1,030,820,579 1,060,469,924 791,337,288 792,723,918 - -
Others (Mutual Fund Units) - - - - - -
Total 1,522,779,858 1,399,844,311 1,284,629,777 1,196,065,914 19,707,470 13,006,173
SCHEDULE E
Deposits
- CBLO 10,293,791 2,950,445 8,182,716 2,348,739 71,560,963 4,395,344
- Term Deposits - - - - - -
- Margin Deposits - - - - - -
- Deposit with CCIL - - - - - -
Total 10,293,791 2,950,445 8,182,716 2,348,739 71,560,963 4,395,344
SCHEDULE F
Other Current Assets
Balances with banks in current account - - - - 100,005 100,004
Contracts for sale of investments - - - - - -
Mark to market receivable - - - - - -
Outstanding and accrued income 37,437 24,624 36,950 24,551 16,039 335,453
Less : Provision for doubtful income - - - - - -
Shares/Debentures application money - - - - - -
Receivable on reissue of units 4,939,405 2,009,400 2,456,000 100,117 - -
Others 167 284 1,845 1,852 2,487 2,432
Total 4,977,009 2,034,308 2,494,795 126,520 118,531 437,889
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - - - - -
Less: Amount written off during the period - - - - - -
Less: Adjusted against redemption of units - - - - - -
Closing Balance - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 8,492,257 533,165 2,311,914 164,228 163,903 107,153
Service tax on Mangement fees 874,703 54,916 238,127 16,915 16,882 11,037
Trusteeship fees 2,292,166 203,717 688,462 49,024 29,885 18,661
Interest on Borrowing - - - - - -
Registration and legal expenses 240,512 21,369 74,005 5,273 3,138 2,130
Commission to agents 3,037,060 241,647 806,404 106,421 12,012 -
Publicity expenses 374,840 34,800 98,626 8,859 12,858 2,879
Audit fees 111,167 15,147 32,380 3,127 1,978 496
Custodian fees 350,383 23,476 166,431 9,304 1,011 22,633
Registrar fee 1,011,502 215,603 383,311 88,829 9,252 21,089
Administrative expenses 553,984 59,108 154,196 27,470 57,811 17,118
Total 17,338,574 1,402,948 4,953,856 479,450 308,730 203,196
31
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.
JM Floater Fund - Short Term Plan JM MIP Fund JM Interval Fund - Quarterly Plan 1JM Fixed Maturity Fund Series XIX -
Plan ASch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011
LiabilitiesUnit Capital A 17,776,726 53,667,059 50,093,174 69,673,910 253,361,590 1,521,282 1,086,219,910
Reserves & Surplus B 6,042,075 18,605,136 16,146,757 18,470,341 25,282,730 94,518 18,914,971 Current Liabilities & Provisions C 12,327 82,494 792,753 2,736,052 189,518 79,960 310,643 Total 23,831,128 72,354,689 67,032,684 90,880,303 278,833,838 1,695,760 1,105,445,524 AssetsInvestments D 5,887,014 44,003,811 64,585,415 85,570,485 274,383,221 - 1,103,856,802 Deposits E 17,940,373 27,602,409 2,265,469 2,945,642 4,449,605 1,695,533 1,588,363 Other Current Assets F 3,741 748,469 181,800 2,364,176 1,012 227 359
Deferred Revenue Expenditure G - - - - - - - Total 23,831,128 72,354,689 67,032,684 90,880,303 278,833,838 1,695,760 1,105,445,524
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.
JM Floater Fund - Short Term Plan JM MIP Fund JM Interval Fund - Quarterly Plan 1JM Fixed Maturity Fund Series XIX -
Plan A
Sch. Current Year Previous Year Current Year Previous Year Current Year Current Year Previous Year
Income
Dividend - - 110,486 134,258 - - - Interest 3,170,607 14,679,499 5,162,916 4,219,106 26,388,510 1,085,748 874,447 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
2,149 92,614 2,460,464 3,413,862 35,485 - -
Profit on inter-scheme transfer/sale of investments - 229,320 - - - - - Profit on Futures / Options - - - - - - - Other income - - - - - - - Net change in unrealised appreciation / depreciation of Investments
6,032 - - 3,956,560 - - 18,507,724
Load Income - - - - - 83,200 - Total Income 3,178,788 15,001,433 7,733,866 11,723,786 26,423,995 1,168,948 19,382,171 Expenses and LossesManagement & Operating expenses H 131,838 903,395 1,866,718 1,981,460 665,751 395,864 467,200 Deferred revenue expenditure written off - - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
- - 1,647,333 1,294,048 257 - -
Loss on Futures / Options - - - - - - - Loss on inter-scheme transfer/sale of investments 6,568 38,092 246,969 72,923 - - - Net change in unrealised appreciation/depreciation of Investments
- 13,314 1,135,564 - - - -
Total Expenses & Losses 138,406 954,801 4,896,584 3,348,431 666,008 395,864 467,200 Surplus / (Deficit) for the year 3,040,382 14,046,632 2,837,282 8,375,355 25,757,987 773,084 18,914,971 Add/(Less): Income Equalisation Account (15,011,475) (303,468,792) (4,348,827) (93,964,365) 12,880,709 (13,366,466) - Add: Write back of provision for Unrealised Appreciation on Investments
- 7,282 796,663 - - - -
Less: Provision for Unrealised Appreciation on Investments
- - - (796,663) - - (18,507,724)
Surplus / (Deficit) (11,971,093) (289,414,878) (714,882) (86,385,673) 38,638,696 (12,593,382) 407,247 Balance brought forward from Balance Sheet 18,605,136 317,877,811 17,687,720 104,577,059 94,518 13,074,166 - Surplus / (Deficit) available for distribution 6,634,043 28,462,933 16,972,838 18,191,386 38,733,214 480,784 407,247 AppropriationIncome Distribution 463,442 7,681,899 700,415 448,027 11,503,910 325,651 - Distribution Tax 128,526 2,175,898 106,066 55,639 1,946,574 60,615 - Balance carried to the Balance Sheet 6,042,075 18,605,136 16,166,357 17,687,720 25,282,730 94,518 407,247 Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
32
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.
JM Floater Fund - Short Term Plan JM MIP Fund JM Interval Fund - Quarterly Plan 1JM Fixed Maturity Fund Series XIX -
Plan A
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011
SCHEDULE A
Unit Capital
Unit Capital - Dividend 7,259,761 15,328,543 - - 2,193,580 983,677 29,316,750
Unit Capital - Growth 10,516,965 38,338,516 25,673,161 33,385,646 1,455,450 200,078 1,056,903,160
Unit Capital - Bonus - - - - - - -
Unit Capital - Daily Dividend - - - - - - -
Unit Capital - Weekly Dividend - - - - - - -
Unit Capital - Fortnightly Dividend - - - - - - -
Unit Capital - Monthly Dividend - - 9,407,304 18,472,894 - - -
Unit Capital - Quarterly Dividend - - 13,155,173 15,620,958 - - -
Unit Capital - Annual Dividend - - 1,857,536 2,194,412 - - -
Unit Capital - Institutional Dividend - - - - 155,521,430 - -
Unit Capital - Institutional Daily Dividend - - - - - - -
Unit Capital - Institutional Growth - - - - 94,191,130 337,527 -
Unit Capital - Super Institutional Daily Dividend - - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - - -
Unit Capital - Super Institutional Growth - - - - - - -
Unit Capital - Premium Dividend - - - - - - -
Unit Capital - Premium Growth - - - - - - -
Unit Capital - Premium Daily Dividend - - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - - -
Total 17,776,726 53,667,059 50,093,174 69,673,910 253,361,590 1,521,282 1,086,219,910
No.of Units of face value of Rs.10/- each 1,777,673 5,366,706 5,009,317 6,967,391 25,336,159 152,128 108,621,991
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance - 6,272,274 (14,042) (93,026,591) - (8,867,143) -
Add/(Less): Transfer from/to Income Equalisation Account - 299,763,823 - 92,337,209 - 12,854,978 -
Add/(Less): On account of purchase/sale of units - (306,036,097) (5,558) 675,340 - (3,987,835) -
Closing Balance - - (19,600) (14,042) - - -
Unrealised Appreciation Reserve - - - 796,663 - - 18,507,724
Surplus/(Deficit)
Balance brought forward from Revenue Account 6,042,075 18,605,136 16,166,357 17,687,720 25,282,730 94,518 407,247
Grand Total 6,042,075 18,605,136 16,146,757 18,470,341 25,282,730 94,518 18,914,971
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - - -
Contracts for purchase of investments - - - - - - -
Management fee payable 3,553 5,658 72,849 94,713 33,685 152 186,158
Trusteeship fee payable 1,230 2,553 2,623 3,418 18,949 137 41,890
Load Payable - - 328,199 271,522 53,282 50,101 -
Others 7,544 12,031 313,044 73,170 83,602 29,570 82,595
Mark to market payable - - - - - - -
Payable on repurchase of units - 62,252 76,038 2,293,229 - - -
Total 12,327 82,494 792,753 2,736,052 189,518 79,960 310,643
SCHEDULE D
Investments
Equity Shares - - 10,123,514 12,966,335 - - -
Less: Provision for Equity Shares cost - - - - - - -
Privately Placed Debentures/Bonds - - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
- 44,003,811 15,179,003 46,897,910 - - -
33
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.
JM Floater Fund - Short Term Plan JM MIP Fund JM Interval Fund - Quarterly Plan 1JM Fixed Maturity Fund Series XIX -
Plan A
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011
Less: Provision for doubtful Investments - - - - - - -
Government Securities - - - - - - -
Treasury Bills - - - - - - -
Commercial Paper - - 9,754,155 25,706,240 - - -
Securitised - - - - - - -
Certificate of Deposits 5,887,014 - 29,528,743 - 274,383,221 - 1,103,856,802
Others (Mutual Fund Units) - - - - - - -
Total 5,887,014 44,003,811 64,585,415 85,570,485 274,383,221 - 1,103,856,802
SCHEDULE E
Deposits
- CBLO 17,940,373 27,602,409 2,265,469 2,945,642 4,449,605 1,695,533 1,588,363
- Term Deposits - - - - - - -
- Margin Deposits - - - - - - -
- Deposit with CCIL - - - - - - -
Total 17,940,373 27,602,409 2,265,469 2,945,642 4,449,605 1,695,533 1,588,363
SCHEDULE F
Other Current Assets
Balances with banks in current account 42 45 - 435,292 - - -
Contracts for sale of investments - - - - - - -
Mark to market receivable - - - - - - -
Outstanding and accrued income 2,842 747,567 109,181 1,394,028 1,012 227 359
Less : Provision for doubtful income - - - - - - -
Shares/Debentures application money - - - - - - -
Receivable on reissue of units - - 65,763 527,913 - - -
Others 857 857 6,856 6,943 - - -
Total 3,741 748,469 181,800 2,364,176 1,012 227 359
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - - - - - -
Less: Amount written off during the period - - - - - - -
Less: Adjusted against redemption of units - - - - - - -
Closing Balance - - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 57,539 327,614 940,218 998,011 229,473 194,767 282,381
Service tax on Mangement fees 5,926 33,744 96,843 102,795 23,636 20,061 29,085
Trusteeship fees 26,368 180,679 41,484 44,034 159,406 9,651 77,867
Interest on Borrowing - - - - - - -
Registration and legal expenses 2,828 22,417 5,942 6,255 16,434 2,358 890
Commission to agents - 11,012 300,932 447,007 91,677 - -
Publicity expenses - 9,910 126,558 24,706 30,316 25,590 66,137
Audit fees 711 1,099 14,415 8,148 4,684 593 88
Custodian fees 23,767 49,037 1,266 1,252 18,446 - -
Registrar fee 7,937 226,356 48,849 73,584 45,866 137,645 500
Administrative expenses 6,762 41,527 290,211 275,668 45,813 5,199 10,252
Total 131,838 903,395 1,866,718 1,981,460 665,751 395,864 467,200
34
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Fixed
Maturity Fund Series XIX - Plan B
JM Fixed Maturity Fund
Series XIX - Plan C
JM Fixed Maturity Fund
Series XIX - Plan D
JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 JM Income Fund
Sch. March 31,2011 March 31,2011 March 31,2011 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 472,062,050 682,129,830 538,496,390 218,424,010 218,424,010 73,199,072 86,595,597
Reserves & Surplus B 1,072,377 6,133,303 7,855,325 18,069,390 1,079,815 43,523,194 52,421,165 Current Liabilities & Provisions C 716,960 99,927 96,116 94,302 61,105 756,729 9,566,865 Total 473,851,387 688,363,060 546,447,831 236,587,702 219,564,930 117,478,995 148,583,627 AssetsInvestments D 473,206,948 687,638,705 520,121,346 236,146,076 217,649,558 57,516,550 113,010,150 Deposits E 644,293 724,191 26,320,427 441,517 996,938 59,094,864 34,779,293 Other Current Assets F 146 164 6,058 109 918,434 867,581 794,184
Deferred Revenue Expenditure G - - - - - - - Total 473,851,387 688,363,060 546,447,831 236,587,702 219,564,930 117,478,995 148,583,627
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Fixed
Maturity Fund Series XIX - Plan B
JM Fixed Maturity Fund
Series XIX - Plan C
JM Fixed Maturity Fund
Series XIX - Plan D
JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 JM Income Fund
Sch. Current Year Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend - - - - - - - Interest 4,759,551 477,498 428,114 16,061,994 1,128,518 6,750,843 7,770,228 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
- - - 2,248,724 - 3,841,521 3,773,485
Profit on inter-scheme transfer/sale of investments - - - - - 169,555 8,071 Profit on Futures / Options - - - - - - - Other income - - - - - - 1,296 Net change in unrealised appreciation / depreciation of Investments
- 5,730,705 7,516,466 - 10,698 - 48,173
Load Income - - - - - - - Total Income 4,759,551 6,208,203 7,944,580 18,310,718 1,139,216 10,761,919 11,601,253 Expenses and LossesManagement & Operating expenses H 116,948 74,900 89,255 1,025,261 59,401 2,814,628 3,686,103 Deferred revenue expenditure written off - - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
824 - - 285,184 - 2,364,801 9,905,287
Loss on Futures / Options - - - - - - - Loss on inter-scheme transfer/sale of investments - - - - - - 124,587 Net change in unrealised appreciation/depreciation of Investments
- - - 10,698 - 346,036 -
Total Expenses & Losses 117,772 74,900 89,255 1,321,143 59,401 5,525,465 13,715,977 Surplus / (Deficit) for the year 4,641,779 6,133,303 7,855,325 16,989,575 1,079,815 5,236,454 (2,114,724)Add/(Less): Income Equalisation Account - - - - - (14,115,940) (3,534,333,701)Add: Write back of provision for Unrealised Appreciation on Investments
- - - 10,698 - 55,602 7,429
Less: Provision for Unrealised Appreciation on Investments
- (5,730,705) (7,516,466) - (10,698) - (55,602)
Surplus / (Deficit) 4,641,779 402,598 338,859 17,000,273 1,069,117 (8,823,884) (3,536,496,598)Balance brought forward from Balance Sheet - - - 1,069,117 - 52,316,974 3,588,813,572 Surplus / (Deficit) available for distribution 4,641,779 402,598 338,859 18,069,390 1,069,117 43,493,090 52,316,974 AppropriationIncome Distribution 2,959,720 - - - - - - Distribution Tax 609,682 - - - - - - Balance carried to the Balance Sheet 1,072,377 402,598 338,859 18,069,390 1,069,117 43,493,090 52,316,974 Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala Shalini Tibrewala & Girish Hisaria
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Girish HisariaPartner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
35
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Fixed
Maturity Fund Series XIX - Plan B
JM Fixed Maturity Fund
Series XIX - Plan C
JM Fixed Maturity Fund
Series XIX - Plan D
JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 JM Income Fund
March 31,2011 March 31,2011 March 31,2011 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 373,141,970 50,175,240 4,025,000 68,000 68,000 29,460,715 34,627,342
Unit Capital - Growth 98,920,080 631,954,590 534,471,390 218,356,010 218,356,010 19,225,735 26,634,696
Unit Capital - Bonus - - - - - 24,512,622 25,333,559
Unit Capital - Daily Dividend - - - - - - -
Unit Capital - Weekly Dividend - - - - - - -
Unit Capital - Fortnightly Dividend - - - - - - -
Unit Capital - Monthly Dividend - - - - - - -
Unit Capital - Quarterly Dividend - - - - - - -
Unit Capital - Annual Dividend - - - - - - -
Unit Capital - Institutional Dividend - - - - - - -
Unit Capital - Institutional Daily Dividend - - - - - - -
Unit Capital - Institutional Growth - - - - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - - -
Unit Capital - Super Institutional Growth - - - - - - -
Unit Capital - Premium Dividend - - - - - - -
Unit Capital - Premium Growth - - - - - - -
Unit Capital - Premium Daily Dividend - - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - - -
Total 472,062,050 682,129,830 538,496,390 218,424,010 218,424,010 73,199,072 86,595,597
No.of Units of face value of Rs.10/- each 47,206,205 68,212,983 53,849,639 21,842,401 21,842,401 7,319,907 8,659,560
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance - - - - - 48,589 (3,515,515,319)
Add/(Less): Transfer from/to Income Equalisation Account - - - - - - 3,534,768,912
Add/(Less): On account of purchase/sale of units - - - - - (18,485) (19,205,004)
Closing Balance - - - - - 30,104 48,589
Unrealised Appreciation Reserve - 5,730,705 7,516,466 - 10,698 - 55,602
Surplus/(Deficit)
Balance brought forward from Revenue Account 1,072,377 402,598 338,859 18,069,390 1,069,117 43,493,090 52,316,974
Grand Total 1,072,377 6,133,303 7,855,325 18,069,390 1,079,815 43,523,194 52,421,165
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - - -
Contracts for purchase of investments - - - - - - 9,156,042
Management fee payable 40,302 37,446 35,699 76,063 46,086 124,476 148,038
Trusteeship fee payable 18,138 16,853 4,017 9,008 5,940 4,482 5,343
Load Payable - - - - - 16,514 39,542
Others 658,520 45,628 56,400 9,231 9,079 284,720 211,067
Mark to market payable - - - - - - -
Payable on repurchase of units - - - - - 326,537 6,833
Total 716,960 99,927 96,116 94,302 61,105 756,729 9,566,865
SCHEDULE D
Investments
Equity Shares - - - - - - -
Less: Provision for Equity Shares cost - - - - - - -
Privately Placed Debentures/Bonds - - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
- - - - 21,295,294 28,032,641 28,380,843
36
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Fixed
Maturity Fund Series XIX - Plan B
JM Fixed Maturity Fund
Series XIX - Plan C
JM Fixed Maturity Fund
Series XIX - Plan D
JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 JM Income Fund
March 31,2011 March 31,2011 March 31,2011 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - (1,000) (1,000)
Government Securities - - - - - - 8,990,000
Treasury Bills - - - - - - -
Commercial Paper - - 309,870,410 157,275,158 196,354,264 - 51,668,022
Securitised - - - - - - -
Certificate of Deposits 473,206,948 687,638,705 210,250,936 78,870,918 - 29,484,909 23,972,285
Others (Mutual Fund Units) - - - - - - -
Total 473,206,948 687,638,705 520,121,346 236,146,076 217,649,558 57,516,550 113,010,150
SCHEDULE E
Deposits
- CBLO 644,293 724,191 26,320,427 441,517 996,938 59,094,864 22,979,293
- Term Deposits - - - - - - -
- Margin Deposits - - - - - - -
- Deposit with CCIL - - - - - - 11,800,000
Total 644,293 724,191 26,320,427 441,517 996,938 59,094,864 34,779,293
SCHEDULE F
Other Current Assets
Balances with banks in current account - - - - - 160,002 75,640
Contracts for sale of investments - - - - - - -
Mark to market receivable - - - - - - -
Outstanding and accrued income 146 164 5,948 109 918,379 707,549 718,453
Less : Provision for doubtful income - - - - - - -
Shares/Debentures application money - - - - - - -
Receivable on reissue of units - - - - - - -
Others - - 110 - 55 30 91
Total 146 164 6,058 109 918,434 867,581 794,184
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - - - - - -
Less: Amount written off during the period - - - - - - -
Less: Adjusted against redemption of units - - - - - - -
Closing Balance - - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 42,411 33,953 32,368 769,903 41,887 1,417,656 1,856,597
Service tax on Mangement fees 4,368 3,497 3,334 79,300 4,314 146,019 191,229
Trusteeship fees 23,390 18,725 4,463 113,919 6,600 62,549 81,916
Interest on Borrowing - - - - - - -
Registration and legal expenses 890 890 890 11,948 1,008 8,903 12,702
Commission to agents 333 - 333 - 130 419,173 863,086
Publicity expenses 25,993 - - - 386 187,199 46,380
Audit fees 88 88 88 1,050 576 21,550 13,309
Custodian fees - - - - 2,305 1,433 9,190
Registrar fee 499 - 499 - 1,767 73,534 140,386
Administrative expenses 18,976 17,747 47,280 49,141 428 476,612 471,308
Total 116,948 74,900 89,255 1,025,261 59,401 2,814,628 3,686,103
37
Annual Report 2010-2011
Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund
Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 2,117,008,523 132,712,624 36,093,850 44,385,151 504,842,840 4,233,703,656 Reserves & Surplus B 453,248,570 43,746,536 45,324,274 55,242,434 64,753,740 400,108,215 Current Liabilities & Provisions C 1,592,773 279,757 573,620 131,863,183 57,019,331 64,159,330 Total 2,571,849,866 176,738,917 81,991,744 231,490,768 626,615,911 4,697,971,201 AssetsInvestments D 2,552,393,111 138,303,422 - 35,960,000 400,003,102 3,573,827,019 Deposits E 8,632,908 21,635,354 81,973,199 9,433,025 168,686,690 1,078,374,922 Other Current Assets F 10,823,847 16,800,141 18,545 186,097,743 57,926,119 45,769,260
Deferred Revenue Expenditure G - - - - - - Total 2,571,849,866 176,738,917 81,991,744 231,490,768 626,615,911 4,697,971,201
Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund
Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year
IncomeDividend - - - - 9,549,043 39,422,297 Interest 26,015,305 25,051,163 8,598,980 11,317,516 27,536,489 81,989,465 Profit on sale/redemption of investments (other than inter scheme transfer/sale)
2,589,834 14,915,881 21,651,351 73,375,288 218,255,772 1,799,917,835
Profit on inter-scheme transfer/sale of investments 724,309 432,769 172,735 2,789,113 - 40,994,849 Profit on Futures / Options - - - - 580,515,439 1,425,690,846 Other income - - - 81 - 235 Net change in unrealised appreciation / depreciation of Investments
781,379 - 8,662 - 106,810,792 -
Load Income - - - - - - Total Income 30,110,827 40,399,813 30,431,728 87,481,998 942,667,535 3,388,015,527 Expenses and LossesManagement & Operating expenses H 2,673,046 3,770,784 3,289,227 6,261,786 17,045,050 59,177,378 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
2,298,132 10,415,628 21,011,617 47,647,796 358,201,238 389,642,352
Loss on Futures / Options - - - - 478,343,851 2,677,160,940 Loss on inter-scheme transfer/sale of investments 444,589 404,502 - 260,864 - 8,066,438 Net change in unrealised appreciation/depreciation of Investments
- 494,037 - 149,662 - 38,547,971
Total Expenses & Losses 5,415,767 15,084,951 24,300,844 54,320,108 853,590,139 3,172,595,079 Surplus / (Deficit) for the year 24,695,060 25,314,862 6,130,884 33,161,890 89,077,396 215,420,448 Add/(Less): Income Equalisation Account 401,049,784 (457,646,700) (15,898,536) (558,039,529) (389,399,824) (1,169,883)Add: Write back of provision for Unrealised Appreciation on Investments
- - - 141,000 - -
Less: Provision for Unrealised Appreciation on Investments
- - - - - -
Surplus / (Deficit) 425,744,844 (432,331,838) (9,767,652) (524,736,639) (300,322,428) 214,250,565 Balance brought forward from Balance Sheet 43,746,536 489,254,238 55,237,522 579,974,161 400,108,215 343,433,282 Surplus / (Deficit) available for distribution 469,491,380 56,922,400 45,469,870 55,237,522 99,785,787 557,683,847 AppropriationIncome Distribution 13,721,897 11,084,942 154,459 - 34,871,392 157,575,632 Distribution Tax 2,520,913 2,090,922 24,513 - - -
Balance carried to the Balance Sheet 453,248,570 43,746,536 45,290,898 55,237,522 64,914,395 400,108,215
Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala & Girish Hisaria Chaitanya Choksi
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Girish Hisaria Chaitanya ChoksiPartner Chairman Director Chief Executive Officer Fund Manager Fund Manager Fund ManagerM. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
38
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
SCHEDULE A
Unit Capital
Unit Capital - Dividend 144,101,985 31,985,158 5,951,081 7,950,547 353,974,043 2,955,202,976
Unit Capital - Growth 19,682,813 38,265,311 17,040,763 23,193,839 150,868,797 1,278,500,680
Unit Capital - Bonus - - 13,102,006 13,240,765 - -
Unit Capital - Daily Dividend 90,000 - - - - -
Unit Capital - Weekly Dividend - - - - - -
Unit Capital - Fortnightly Dividend - - - - - -
Unit Capital - Monthly Dividend - - - - - -
Unit Capital - Quarterly Dividend - - - - - -
Unit Capital - Annual Dividend - - - - - -
Unit Capital - Institutional Dividend 1,004,240,136 39,059,099 - - - -
Unit Capital - Institutional Daily Dividend - - - - - -
Unit Capital - Institutional Growth 948,893,589 23,403,056 - - - -
Unit Capital - Super Institutional Daily Dividend - - - - - -
Unit Capital - Super Institutional Weekly Dividend - - - - - -
Unit Capital - Super Institutional Growth - - - - - -
Unit Capital - Premium Dividend - - - - - -
Unit Capital - Premium Growth - - - - - -
Unit Capital - Premium Daily Dividend - - - - - -
Unit Capital - Premium Weekly Dividend - - - - - -
Total 2,117,008,523 132,712,624 36,093,850 44,385,151 504,842,840 4,233,703,656
No.of Units of face value of Rs.10/- each 211,700,852 13,271,262 3,609,385 4,438,515 50,484,284 423,370,366
SCHEDULE B
Reserves & Surplus
Unit Premium Reserve
Opening Balance - (422,740,720) 4,912 (348,247,767) - (103,861,378)
Add/(Less): Transfer from/to Income Equalisation Account - 449,780,530 - 536,197,569 - (3,735,711)
Add/(Less): On account of purchase/sale of units - (27,039,810) 28,464 (187,944,890) (160,655) 107,597,089
Closing Balance - - 33,376 4,912 (160,655) -
Unrealised Appreciation Reserve - - - - - -
Surplus/(Deficit)
Balance brought forward from Revenue Account 453,248,570 43,746,536 45,290,898 55,237,522 64,914,395 400,108,215
Grand Total 453,248,570 43,746,536 45,324,274 55,242,434 64,753,740 400,108,215
SCHEDULE C
Current Liabilities & Provisions
Sundry creditors - - - - - -
Contracts for purchase of investments - - - 128,734,583 44,837,556 57,504,418
Management fee payable 260,776 75,674 82,799 87,558 171,586 1,134,997
Trusteeship fee payable 37,789 8,825 3,105 3,292 22,063 182,719
Load Payable - - 239,117 335,705 1,157 645
Others 1,001,974 111,706 248,599 135,646 855,857 5,336,551
Mark to market payable - - - - - -
Payable on repurchase of units 292,234 83,552 - 2,566,399 11,131,112 -
Total 1,592,773 279,757 573,620 131,863,183 57,019,331 64,159,330
SCHEDULE D
Investments
Equity Shares - - - - 400,003,102 3,159,636,830
Less: Provision for Equity Shares cost - - - - - -
Privately Placed Debentures/Bonds - - - - - -
Debt Securities listed/ awaiting listing on a recognised stock exchange
5,269,291 99,947,766 - - - -
39
Annual Report 2010-2011
schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund
March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010
Less: Provision for doubtful Investments - - - - - -
Government Securities - - - 35,960,000 - -
Treasury Bills - - - - - -
Commercial Paper 1,079,559,875 - - - - -
Securitised - - - - - -
Certificate of Deposits 1,467,563,945 38,355,656 - - - 98,469,790
Others (Mutual Fund Units) - - - - - 315,720,399
Total 2,552,393,111 138,303,422 - 35,960,000 400,003,102 3,573,827,019
SCHEDULE E
Deposits
- CBLO 8,632,908 21,635,354 81,973,199 9,433,025 56,186,690 134,454,922
- Term Deposits - - - - 88,000,000 720,000,000
- Margin Deposits - - - - 24,500,000 223,920,000
- Deposit with CCIL - - - - - -
Total 8,632,908 21,635,354 81,973,199 9,433,025 168,686,690 1,078,374,922
SCHEDULE F
Other Current Assets
Balances with banks in current account - - - - 9,516,404 9,962
Contracts for sale of investments - - - 184,010,833 46,430,100 36,474,927
Mark to market receivable - - - - 1,885,722 8,144,422
Outstanding and accrued income 949 3,131,162 18,545 586,849 89,020 1,129,748
Less : Provision for doubtful income - - - - - -
Shares/Debentures application money - - - - - -
Receivable on reissue of units 10,821,535 13,667,499 - 1,500,000 - 5,000
Others 1,363 1,480 - 61 4,873 5,201
Total 10,823,847 16,800,141 18,545 186,097,743 57,926,119 45,769,260
SCHEDULE G
Deferred Revenue Expenditure
(to the extent not written off )
Opening balance - - - - - -
Less: Amount written off during the period - - - - - -
Less: Adjusted against redemption of units - - - - - -
Closing Balance - - - - - -
SCHEDULE H
Management & Operating Expenses
Management fees 1,198,959 1,510,541 1,590,433 3,027,751 5,084,581 18,580,938
Service tax on Mangement fees 123,493 155,586 163,815 311,858 523,712 1,913,837
Trusteeship fees 175,831 229,775 73,096 139,155 846,287 2,763,087
Interest on Borrowing - - - - - -
Registration and legal expenses 19,540 27,072 10,102 26,501 145,672 328,302
Commission to agents 842,011 1,383,966 603,813 1,971,388 7,524,373 23,415,722
Publicity expenses 14,025 33,995 340,515 85,495 528,426 5,445,733
Audit fees 21,589 11,954 30,800 12,890 171,854 314,193
Custodian fees 60,755 50,496 - - 248,558 768,171
Registrar fee 105,623 267,367 85,989 259,650 1,179,609 3,870,676
Administrative expenses 111,220 100,032 390,664 427,098 791,978 1,776,719
Total 2,673,046 3,770,784 3,289,227 6,261,786 17,045,050 59,177,378
40
Annual Report 2010-2011
Revenue Account for the Period ended March 31, 2011 Figures in Rs.
JM Interval Fund - Quarterly Plan 2 JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 JM Fixed Maturity Fund Series XVI - Yearly Plan
Sch. April 06, 2010 March 31,2010 April 26, 2010 March 31,2010 November 15, 2010 March 31,2010
IncomeDividend - - - - - - Interest 2,697 604,174 897,941 10,845,487 21,016,193 12,418,111 Profit on sale/redemption of investments(other than inter scheme transfer/sale)
- 20,775 - 5,068,511 1,390,777 -
Net change in unrealised Appreciation/Depreciation of Investments
- - - - - -
Load Income 10,511 136,353 17,339 4,963 - - Total Income 13,208 761,302 915,280 15,918,961 22,406,970 12,418,111 Expenses and LossesManagement & Operating expenses 10,729 26,383 52,102 697,250 1,775,150 636,529 Loss on sale/redemption of investments (other than inter-scheme transfer/sale)
- - - 585 - -
Loss on inter-scheme transfer/sale of investments - - - 2,602 - - Net change in unrealised Appreciation/Depreciation of Investments
- - - - - -
Total Expenses & Losses 10,729 26,383 52,102 700,437 1,775,150 636,529 Surplus / (Deficit) for the year 2,479 734,919 863,178 15,218,524 20,631,820 11,781,582 Add/(Less): Income Equalisation Account - (5,773,705) - (9,036) - - Add :Write back of provision for Unrealised Appreciation on Investments
- - - - - -
Less: Provision for Unrealised Appreciation on Investments
- - - - - -
Add/(Less) :Unit Premium Reserve (86,714) - (19,368,092) - (31,867,122) - Surplus / (Deficit) (84,235) (5,038,786) (18,504,914) 15,209,488 (11,235,302) 11,781,582 Balance brought forward from Balance Sheet 110,197 6,505,344 18,666,309 3,720,806 11,781,582 - Surplus / (Deficit) available for distribution 25,962 1,466,558 161,395 18,930,294 546,280 11,781,582 AppropriationIncome Distribution 22,204 1,176,361 139,849 228,840 469,236 - Distribution Tax 3,758 179,999 21,546 35,147 77,044 - Balance carried to the Balance Sheet - 110,198 - 18,666,307 - 11,781,582
Schedule Forming part of Revenue AccountApril 06, 2010 March 31,2010 April 26, 2010 March 31,2010 November 15, 2010 March 31,2010
SCHEDULE AManagement & Operating expensesManagement fees 6 990 8,905 84,798 1,100,391 405,496 Service tax on Mangement fees 1 102 917 8,734 113,340 41,766 Trusteeship fees 36 5,454 4,911 65,943 144,734 89,453 Other operating expenses - - - - - - Deferred revenue expenditure written off - - - - - - Registration and legal expenses 257 657 1,384 7,999 15,399 10,080 Commission to agents - - 333 318,482 333 31,327 Publicity expenses 5,549 16,984 3,118 13,259 9,757 1,757 Audit fees 100 127 346 5,008 9,064 2,025 Custodian fees - 36 6,369 17,991 - 769 Registrar fee 4,780 909 16,087 147,620 79,095 43,476 Administrative expenses - 1,124 9,732 27,416 303,037 10,380 Total 10,729 26,383 52,102 697,250 1,775,150 636,529 Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala
As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W
J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund Manager M. No. 37924
For and on behalf of JM Financial Trustee Company Private Limited
Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai
41
Annual Report 2010-2011
Accounting Policies1) Basis of Accounting The schemes maintain books of account on an accrual basis.2) INVESTMENTS a) Purchase and sale of securities are recognised on trade dates i.e. on the dates of transaction. Where transactions take place outside the stock market, the same will be recognized on the date of enforceable
obligation to pay/collect the proceeds. b) All investments are accounted at acquisition cost. Such cost is updated for stamp duty, brokerage, securities transaction tax on incurrence and other cost associated with purchase of investments. All investments
are shown at marked to market. c) Cost of Right Equity Shares is considered at issue price plus premium paid, if any to acquire rights renunciation. d) Bonus entitlements are recognised on ex-bonus dates. Similarly, rights are recognized on ex-rights dates on the principal stock exchange where the original shares are traded. e) Equity stock futures are marked to market on a daily basis. Debit or credit balance disclosed under other current assets or current liabilities respectively, in the “Mark to Market Margin – Receivable/ Payable
Account”, represents the net amount payable or receivable on the basis of movement in the prices of stock futures till the balance sheet date from the purchase date. f ) In case of Options, premium received/paid is marked to market and the balance amount is treated as liability/asset till the time the position is expired/squared off.3) INCOME RECOGNITION a) Dividend income is accrued on ex-dividend date. In case of unquoted, the same is recognized on the date of declaration. b) Profit or loss on sale of investments is arrived at by applying weighted average cost on trade date. Except that, such profit is not recognised in respect of sale transaction remaining unsettled for more than three
months. c) Underwriting commission is accrued on confirmation of full subscription by the Company. In case of devolvement, underwriting commission is adjusted against cost of investments of devolved securities. d) Provision is made against income accrued but not received for one quarter after the due date. In respect of such investments, income is recognised when it is realised. e) Interest on investments, other than covered by Para‘d’ above, and other income are recognised on accrual basis. Interest on investment in defaulted cases is accounted on cash basis. f ) Unrealised gain / loss is recognized in Revenue Account. However, unrealised gain is excluded for calculating distributable income and same is carried to the Balance Sheet as Unrealised Appreciation Reserve. g) Income on discounted instruments with maturity upto 91 days is recognised in Revenue Account by spreading the difference between the maturity value and book value over the unexpired period of maturity.4) COLLATERAL BORROWING AND LENDING OBLIGATION (CBLO) CHARGES Collateral Borrowing and Lending Obligation (CBLO), charges are netted against the interest receipt. 5) INCOME EQUALISATION ACCOUNT & UNIT PREMIUM RESERVE I. In case of open-ended scheme, when units are purchased / sold by the Scheme at NAV based price, and; a) In case, NAV is higher than face value, amount representing unrealised appreciation per unit is transferred to Unit Premium Reserve. The balance amount of the NAV after reducing the face value of unit is
transferred to Income Equalisation Account. b) In case NAV is less than face value, the difference between the NAV and face value is transferred to Income Equalisation Account. The net balance in Income Equalisation Account is transferred to the Revenue Account at the year end. II. In case of close-ended Scheme, accounting for Income Equalisation as stated above is not carried out. The difference between face value and NAV of the units repurchased is credited/debited to Reserves.6) VALUATION OF PERFORMING ASSETS. For the purpose of financial statements, the Fund marks all investments to market and carries investments in the Balance Sheet at the market value. Unrealised gain, if any, arising out of appreciation of the investments,
is carried to the Balance Sheet. All securities are valued at market value, if quoted. Non traded / thinly traded / unlisted shares are valued after considering net worth, discounted average industry P/E ratio etc as prescribed in the revised SEBI Guidelines. Non-traded debt and money market instruments
are valued on YTM arrived at based on CRISIL model. In case where duration of such debt and money market instruments is less than 91 days, the same are valued on the basis of maturity value, adjusted for amortisation of the difference between cost and maturity value.
7) NON-PERFORMING ASSETS An investment is regarded as non-performing, if the interest/principal due is outstanding for more than one quarter from the day such income/installment has fallen due. For non performing assets provisions are made
as per guidelines prescribed by SEBI. 8) ENTRY/EXIT LOAD In accordance with the SEBI circular dated 30th June, 2009: i) No entry load is charged on fresh purchase applications received after 1st August, 2009. ii) Exit load charged above 1% is recognised as income of the scheme immediately. iii) Exit load charged upto 1% is utilised for meeting distribution & marketing expenses. Unutilised amount of load collected is carried forward to subsequent years unless the same is considered excess by the Trustees.
In the event the load is considered excess by the Trustees, the same would be recognised as income.9) EQUITY STOCK FUTURES On final settlement or squaring up of contracts for equity stock futures, the profit or loss is calculated as the difference between settlement price and the average cost. Accordingly, debit or credit balance pertaining to
the settled/ squared up contract in “Mark to market margin – Receivable/Payable Account” after adjustment of provision for anticipated losses is recognized in the Revenue account. 10) INITIAL ISSUE EXPENSES Initial Issue Expenses incurred at the time of new fund offering, in respect of schemes launched prior to SEBI circular dated 31 January 2008, was debited to the scheme and treated as Deferred Revenue Expenditure. Accordingly, Initial issue expenses in respect of JM Agri & Infra Fund and JM Core 11 Fund Series 1, are amortised to Revenue account over the duration of the scheme being close ended from the date of allotment of
units.NOTES ON ACCOUNTS1. Other income comprises of service charges, processing charges, underwriting commission, reversal of excess provision for expenses, etc.2. No provision for taxation is required as the fund is a recognised Mutual Fund under Section 10 (23D) of the Income Tax Act, 1961. 3. The accounts have been prepared as per the SEBI (Mutual Funds) Regulations, 1996, which do not require Cash Flow Statement and Segment Reporting, accordingly AS-3 and AS-17 have not been considered as
applicable to the schemes.
Accounting Policies And Notes On Accounts – schedule I
42
Annual Report 2010-2011
4. During the year ended 31st March, 2011, JM Core 11 Fund - Series 1 and JM Agri & Infra Fund being close ended schemes have been converted into open-ended schemes w.e.f. 5th March, 2011 and 18th January, 2011, respectively.
5. Brokerage on secondary market transactions, mobilization of funds, advisory fees and reimbursement of expenses paid to sponsor, affiliate companies or relatives of employees during the year: Commission paid to associates / related parties / group companies of sponsor/AMCPeriod - April 2010 to March 2011
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Business given(Rs in .Lakhs & %of total Business received by the fund )
Commission paid (Rs in lakhs & % of total commission paid by the fund)
Amount (In. Lakhs.) % Amount (In. Lakhs.) %
JM Financial Services Private Limited Associate JM Equity Fund 0.26 0.09 0.33 2.24 JM Balanced Fund 0.51 1.22 0.21 2.58 JM Multi Strategy Fund 2.05 0.20 0.52 2.17 JM Contra Fund 38.47 8.48 10.00 8.74 JM Nifty Plus Fund 0.55 0.15 0.48 10.01 JM Small & Mid-cap Fund 4.52 0.64 1.66 4.05 JM Mid Cap Fund 1.01 0.26 0.60 9.77 JM Large Cap Fund 0.12 0.09 0.49 19.89 JM Basic Fund 17.79 0.56 10.07 4.43 JM Emerging Leaders Fund 32.19 1.34 13.83 12.71 JM Core 11 Fund - Series 1 0.20 0.94 22.97 14.79 JM Telecom Sector Fund 0.31 0.04 0.03 0.56 JM Tax Gain Fund 1.83 1.15 3.00 6.97 JM Agri & Infra Fund 4.15 2.48 2.89 4.26 JM HI FI Fund 0.21 0.05 0.24 3.24 JM Financial Services Sector Fund 12.41 1.72 0.22 1.61 JM High Liquidity Fund 1,852,995.62 14.22 12.70 12.80 JM Money Manager Fund - Super Plus Plan 420,936.93 24.14 38.78 25.27 JM Money Manager Fund - Super Plan 19,586.44 11.19 3.52 9.83 JM Money Manager Fund - Regular Plan 3,300.77 3.53 0.29 2.36 JM Floater Fund- Long Term Plan 327.75 4.37 0.02 1.45 JM MIP Fund 0.36 0.06 0.27 3.03 JM Interval Fund - Quarterly Plan 1 480.72 5.38 0.15 9.01 JM Fixed Maturity Fund Series XIX - Plan A 1,860.70 17.13 1.86 15.62 JM Fixed Maturity Fund Series XIX - Plan B 121.00 2.56 0.01 3.01 JM Fixed Maturity Fund Series XIX - Plan C 1,272.00 18.65 0.64 24.19 JM Fixed Maturity Fund Series XIX - Plan D 1,511.85 28.08 3.78 37.09 JM Income Fund - - 0.67 16.37 JM Short Term Fund 57.05 0.18 0.07 1.16 JM G-Sec Fund - Regular Plan - - 0.17 1.89 JM Arbitrage Advantage Fund 40.00 12.31 2.67 3.24 JM Financial Securities Private Limited Associate JM Balanced Fund - - 0.00* 0.00* JM High Liquidity Fund 314,854.76 2.42 0.19 0.19 JM Income Fund - - 0.00* 0.03Web Trust Co.In (India) Private Limited Relative of an employee is a
director of theJM Balanced Fund - - 0.04 0.55
distributor company JM Contra Fund - - 0.01 0.01JM Nifty Plus Fund - - 0.03 0.66JM Basic Fund - - 0.00* 0.00*~JM Telecom Sector Fund - - 0.00* 0.00*~JM HI FI Fund - - 0.00* 0.01
JM High Liquidity Fund - - 0.00* 0.00*~ JM Money Manager Fund - Super Plus Plan - - 0.0* 0.00*~ JM Money Manager Fund - Super Plan - - 0.05 0.14 JM Floater Fund- Long Term Plan - - 0.00* 0.01 JM MIP Fund - - 0.01 0.08 JM Fixed Maturity Fund Series XIX - Plan D 280.00 5.20 0.70 6.87 JM Short Term Fund - - 0.01 0.18
JM Arbitrage Advantage Fund - - 0.00* 0.00*~
43
Annual Report 2010-2011
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Business given(Rs in .Lakhs & %of total Business received by the fund )
Commission paid (Rs in lakhs & % of total commission paid by the fund)
Amount (In. Lakhs.) % Amount (In. Lakhs.) %
M. A. Lalith Kumar The distributor is a relative of an employee
JM Multi Strategy Fund 0.11 0.01 0.00* 0.02
JM Contra Fund - - 0.00* 0.00*~ JM Small & Mid-cap Fund - - 0.00* 0.00*~ JM Basic Fund 0.30 0.01 0.01 0.01 JM Telecom Sector Fund 0.07 0.01 0.00* 0.06 JM Agri & Infra Fund - - 0.00* 0.00*~ JM Financial Services Sector Fund 0.07 0.01 0.01 0.05 JM High Liquidity Fund - - 0.00* 0.00*~Kavita Arun Ilkar The distributor is an employee JM MIP Fund 0.05 0.01 - -
Period - April 2009 to March 2010
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Business given(Rs in .Lakhs & %of total Business received by the fund )
Commission paid (Rs in lakhs & % of total commission paid by the fund)
Amount (In. Lakhs.) % Amount (In. Lakhs.) %
JM Financial Services Private Limited Associate JM Equity Fund 1.04 0.10 0.27 0.87 JM Balanced Fund 0.05 0.07 0.24 2.26 JM Multi Strategy Fund 68.45 2.04 1.14 1.50 JM Contra Fund 16.09 0.99 6.76 4.32 JM Nifty Plus Fund 0.15 0.03 0.49 8.51 JM Small & Mid-cap Fund 13.36 0.84 1.94 3.54 JM Mid Cap Fund 2.75 0.21 0.98 7.59 JM Large Cap Fund 0.17 0.16 0.76 21.78 JM Basic Fund 400.98 2.80 15.73 3.25 JM Emerging Leaders Fund 93.10 1.37 12.19 6.92 JM Core 11 Fund - Series 1 - - 32.73 17.95 JM Telecom Sector Fund 2.73 0.41 0.04 0.77 JM Tax Gain Fund 4.54 1.28 2.66 6.39 JM Agri & Infra Fund - - 4.88 5.40 JM HI FI Fund 0.45 0.16 0.25 3.05 JM Financial Services Sector Fund 1.90 0.42 0.18 1.01 JM High Liquidity Fund 1,365,921.53 18.48 5.90 20.34 JM Money Manager Fund - Super Plus Plan 319,166.63 7.21 30.04 10.67 JM Money Manager Fund - Super Plan 1,035.21 5.96 0.14 5.98 JM Money Manager Fund - Regular Plan 80.55 0.47 0.01 0.75 JM Floater Fund- Long Term Plan 20.45 5.59 0.21 36.84 JM Floater Fund - Short Term Plan 360.50 4.32 0.02 3.64 JM MIP Fund 0.18 0.02 0.30 3.20 JM Interval Fund - Quarterly Plan 1 - - 0.00* 0.00*~ JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 0.45 0.02 0.00* 0.00*~ JM Income Fund - - 1.01 18.46 JM Short Term Fund 583.96 5.51 2.32 27.75 JM G-Sec Fund - Regular Plan 0.27 0.00*~ 0.31 2.57 JM Arbitrage Advantage Fund 5,436.85 9.85 10.37 3.75 JM Interval Fund - Quarterly Plan 2 - - - - JM Fixed Maturity Fund Series XVI - Yearly Plan 214.20 4.88 0.45 5.02 JM Financial Services Private Limited Associate JM Balanced Fund - - 0.00* 0.00*~ JM High Liquidity Fund 104,173.73 1.41 0.22 0.76 JM Income Fund - - 0.01 0.18Web Trust Co.In (India) Private Limited Relative of an
employeeJM Equity Fund - - 0.00* 0.00*~
is a director of the JM Balanced Fund - - 0.29 2.73 distributor company JM Contra Fund 0.15 0.01 0.01 0.00*~ JM Nifty Plus Fund - - 0.04 0.69 JM Basic Fund - - 0.01 0.00*~ JM Telecom Sector Fund - - 0.00* 0.00*~ JM HI FI Fund - - 0.00* 0.00*~
44
Annual Report 2010-2011
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Business given(Rs in .Lakhs & %of total Business received by the fund )
Commission paid (Rs in lakhs & % of total commission paid by the fund)
Amount (In. Lakhs.) % Amount (In. Lakhs.) %
JM High Liquidity Fund - - 0.00* 0.00*~ JM Money Manager Fund - Super Plus Plan - - 0.01 0.00*~ JM Money Manager Fund - Super Plan 34.55 0.20 0.05 2.14 JM Floater Fund - Short Term Plan - - 0.00* 0.00*~ JM MIP Fund - - 0.01 0.11 JM Short Term Fund 11.00 0.10 0.02 0.24 JM Arbitrage Advantage Fund - - 0.06 0.02 M. A. Lalith Kumar The distributor is a JM Equity Fund - - 0.00* 0.00*~ relative of an
employee
JM Multi Strategy Fund 0.18 0.01 0.00* 0.00*~ JM Contra Fund - - 0.00* 0.00*~ JM Small & Mid-cap Fund - - 0.00* 0.00*~ JM Basic Fund 0.23 0.00*~ 0.01 0.00*~ JM Emerging Leaders Fund - - 0.00* 0.00*~ JM Telecom Sector Fund 0.12 0.02 0.00* 0.00*~ JM Tax Gain Fund 0.10 0.03 0.00* 0.00*~ JM Agri & Infra Fund - - 0.00* 0.00*~ JM HI FI Fund - - 0.00* 0.00*~ JM Financial Services Sector Fund 0.11 0.02 0.01 0.06 JM High Liquidity Fund 2.16 0.00*~ 0.00* 0.00*~
Brokerage paid to associates/related parties/group companies of sponsor/AMCPeriod - April 2010 to March 2011
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Value of Transaction (in Rs. Lakhs & % of total value of transaction of the fund)
Brokerage ( Rs. Lakhs & % of total brokerage paid by the fund)
Amount (In. Lakhs.) % Amount (In. Lakhs.) %
JM Financial Institutional Securities Private Limited Associate JM Equity Fund 738.34 8.22 1.47 9.17 JM Balanced Fund 432.86 11.65 0.86 14.06 JM Multi Strategy Fund 450.66 5.04 0.89 5.27 JM Contra Fund 1,645.13 2.83 3.20 3.20 JM Nifty Plus Fund 41.53 0.37 0.01 0.36 JM Small & Mid-cap Fund 685.52 4.57 1.07 4.89 JM Mid Cap Fund 95.90 4.03 0.19 4.25 JM Large Cap Fund 27.50 1.61 0.05 1.84 JM Basic Fund 9,107.98 8.14 14.33 8.93 JM Emerging Leaders Fund 4,736.22 12.04 7.76 11.19 JM Core 11 Fund - Series 1 2,090.32 2.78 3.42 3.73 JM Telecom Sector Fund 315.06 13.61 0.62 13.60 JM Tax Gain Fund 986.72 4.12 1.95 5.27 JM Agri & Infra Fund 2,644.84 4.01 5.19 5.77 JM HI FI Fund 424.50 4.76 0.84 7.10 JM Financial Services Sector Fund 836.76 4.86 1.66 6.75 JM Arbitrage Advantage Fund 4,170.59 1.27 0.87 1.10JM Financial Services Private Limited Associate JM Arbitrage Advantage Fund 16,477.33 5.03 3.49 4.41
Period - April 2009 to March 2010
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Value of Transaction (in Rs. Lakhs & % of total value of transaction of the fund)
Brokerage ( Rs. Lakhs & % of total brokerage paid by the fund)
Amount (In. Lakhs.) % Amount (In. Lakhs.) %
JM Financial Institutional Securities Private Limited Associate JM Equity Fund 2,256.20 12.25 4.28 18.35 JM Balanced Fund 222.86 8.18 0.44 11.96 JM Multi Strategy Fund 3,287.50 12.47 5.76 16.85 JM Contra Fund 9,063.97 4.23 16.05 7.81 JM Nifty Plus Fund 1,741.06 2.90 1.64 10.85 JM Small & Mid-cap Fund 1,291.07 15.65 2.49 16.03 JM Mid Cap Fund 546.74 22.36 1.07 23.73 JM Large Cap Fund 224.68 10.54 0.45 10.87 JM Basic Fund 20,641.20 6.92 36.39 11.65
45
Annual Report 2010-2011
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Value of Transaction (in Rs. Lakhs & % of total value of transaction of the fund)
Brokerage ( Rs. Lakhs & % of total brokerage paid by the fund)
Amount (In. Lakhs.) % Amount (In. Lakhs.) %
JM Emerging Leaders Fund 10,141.89 9.95 17.44 13.91 JM Core 11 Fund - Series 1 6,954.79 13.41 12.92 21.58 JM Telecom Sector Fund 156.07 26.91 0.31 28.70 JM Tax Gain Fund 5,595.79 9.27 10.20 15.73 JM Agri & Infra Fund 12,755.45 4.60 22.72 10.40 JM HI FI Fund 2,139.55 8.94 3.66 16.32 JM Financial Services Sector Fund 2,526.82 5.59 4.49 11.26 JM MIP Fund 39.29 10.32 0.08 10.96 JM Arbitrage Advantage Fund 10,727.29 0.79 1.56 0.37JM Financial Securities Private Limited Associate JM High Liquidity Fund 495.79 0.86 0.01 2.50JM Financial Services Private Limited Associate JM Multi Strategy Fund 157.17 0.60 0.31 0.91 JM Contra Fund 2,275.59 1.06 1.02 0.50 JM Large Cap Fund 41.97 1.97 0.08 1.93 JM Basic Fund 1,202.59 0.40 1.47 0.47 JM Emerging Leaders Fund 361.45 0.35 0.72 0.57 JM Core 11 Fund - Series 1 6,408.33 12.36 2.24 3.74 JM Tax Gain Fund 606.56 1.01 1.13 1.74 JM Agri & Infra Fund 6,250.37 2.25 3.98 1.82 JM HI FI Fund 420.51 1.76 0.33 1.47 JM Financial Services Sector Fund 422.26 0.93 0.64 1.61 JM Arbitrage Advantage Fund 60,338.67 4.46 17.20 4.13
Name of associate/related parties/group companies of sponsor/AMC
Nature of Association/Nature of Relation
Scheme Marketing & Selling Expenses2010-2011 2009-2010
Amount (In. Lakhs.) %JM Financial Services Private Limited Associate JM Equity Fund 0.03 0.03 JM Balanced Fund 0.01 0.02 JM Multi Strategy Fund 0.03 0.03 JM Contra Fund 1.83 0.20 JM Small & Mid-cap Fund 0.05 0.05 JM Mid Cap Fund 0.01 0.01 JM Large Cap Fund 0.00* 0.00* JM Basic Fund 3.50 0.38 JM Emerging Leaders Fund 0.14 0.16 JM Core 11 Fund - Series 1 0.15 0.17 JM Telecom Sector Fund 0.00* 0.00* JM Tax Gain Fund 0.04 0.03 JM Agri & Infra Fund 0.09 0.10 JM HI FI Fund 0.01 0.01 JM Financial Services Sector Fund 0.02 0.02 JM High Liquidity Fund 0.07 - JM Money Manager Fund - Super Plus Plan 0.30 0.22 JM Money Manager Fund - Super Plan - 0.00* JM Money Manager Fund - Regular Plan - 0.00* JM Fixed Maturity Fund Series XIX - Plan A 1.00 - JM Arbitrage Advantage Fund 0.14 0.21JM Financial Securities Private Limited Associate JM Nifty Plus Fund 1.03 - JM Floater Fund- Long Term Plan 0.08 - JM MIP Fund 1.05 JM Income Fund 1.60 - JM G-Sec Fund - Regular Plan 3.06 -
* less than Rs. One Thousand & *~ less than 0.01%These companies are associate companies as defined in SEBI (Mutual Funds) Regulations, 1996.6. There are no underwriting obligations undertaken by any of the schemes of the mutual funds with respect to issue of securities of associate companies. Hence, there is no devolvement.7. There is no contingent liability on underwriting commitment, uncalled liabilities on partly paid shares or on any other commitments.8. Expenses other than management fee and trusteeship fee, which is in excess of specified internal limit (within SEBI permitted limit) are borne by the Asset Management Company and Trustee Company.9. During the year ended 31st March, 2011 the Mutual Fund has invested in the securities of the sponsor company - JM Financial Ltd as follows.
46
Annual Report 2010-2011
Scheme (which had invested) Particulars 2010-2011 2009-2010Value
(Rs. in Lakhs)Value
(Rs. in Lakhs)JM Mid Cap Fund Purchase 14.22 21.48 Sale 20.81 -JM HI FI Fund Purchase - 45.73 Sale - 98.88JM Financial Services Sector Fund Purchase - - Sale 40.63 566.06Total Purchase 14.22 67.21Total Sale 61.44 664.94
10. Holding in sponsor company – JM Financial Ltd as on 31st March, 2011
Scheme (which had invested) 2010-2011 2009-2010Market Value (Rs. in Lakhs)
Market Value (Rs. in Lakhs)
JM Mid Cap Fund - 16.99JM Financial Services Sector Fund - 51.11
11. Following are the details of margin deposits placed with PCM and exchange (Rs. In Lakhs) :
Scheme 2010-2011
Futures and Options Exchange Margin
Equity Margin
Cash Deposit Fixed Deposit Cash Deposit
JM Equity Fund - - -
JM Balanced Fund - - -
JM Contra Fund - - -
JM Nifty Plus Fund 60.00 - -
JM Basic Fund 116.00 - -
JM Emerging Leaders Fund 270.00 - -
JM Core 11 Fund - Series 1 - - -
JM Tax Gain Fund - - -
JM Agri & Infra Fund - - -
JM HI FI Fund - - -
JM Arbitrage Advantage Fund 245.00 880.00 -
Scheme 2009-2010
Futures and Options Exchange Margin
Equity Margin
Cash Deposit Fixed Deposit Cash Deposit
JM Equity Fund 45.50 - -
JM Balanced Fund 61.00 - -
JM Contra Fund 122.00 - -
JM Nifty Plus Fund 72.00 - -
JM Basic Fund 154.00 - -
JM Emerging Leaders Fund 232.00 - -
JM Core 11 Fund - Series 1 205.50 - -
JM Tax Gain Fund 36.10 - -
JM Agri & Infra Fund 325.00 - -
JM HI FI Fund 56.00 - -
JM Arbitrage Advantage Fund 2,150.00 7,200.00 89.20
12. Following Central Government Securities were placed towards Business Segment and collateral for
Collateralised Borrowing and Lending Obligations (CBLO) with the Clearing Corporation of India Limited as of 31st March, 2011 (Rs. In Lakhs).
Scheme 2010-2011 2009-2010Cash Deposit 91 Day
Treasury Bill - 10/06/2011 (Face Value)
Cash Deposit 91 Day Treasury Bill - 30/04/2010 (Face Value
(Rs. In Lakhs) (Rs. In Lakhs) (Rs. In Lakhs) (Rs. In Lakhs)JM High Liquidity Fund - - 24.00 -JM Money Manager Fund - Super Plus Plan
242.00 1,000.00 500.00 1,500.00
JM Income Fund - - 118.00 -
13. Investors having large unit-holdings in the scheme which are over 25% of the NAV as on 31st March 2011(as per circular MFD/CIRNo 3/211/2001, dated 30/04/2001):
Scheme 2010-2011 2009-2010No.of
Investors% of Holding No.of
Investors% of Holding
JM High Liquidity Fund 1 36.90% 2 60.51%JM Money Manager Fund - Regular Plan
1 36.36% 1 62.60%
JM Floater Fund- Long Term Plan 1 76.64% - - JM G-Sec Fund - Regular Plan - - 1 27.76%JM Arbitrage Advantage Fund - - 1 26.84%JM Interval Fund-Quarterly Plan 2 - - 1 28.39%
14. On the Balance Sheet Date Unclaimed Redemption and Dividend are as under (Rs. In Lakhs).
Scheme 2010-2011 2009-2010
No.of Investors
Amount(Rs. in Lakhs)
No.of Investors
Amount(Rs. in Lakhs)
JM Equity Fund 1,735 7.29 1,738 7.43
JM Balanced Fund 1,635 2.76 1,636 5.05
JM Nifty Plus Fund 6 0.26 6 0.26
JM Basic Fund 65 0.83 65 0.83
JM High Liquidity Fund 38 0.95 38 0.95
JM Floater Fund- Long Term Plan 10 1.67 10 1.67
JM MIP Fund 121 1.15 121 1.15
JM Income Fund 3,052 10.26 3,056 10.45
JM Short Term Fund 25 0.07 25 0.07
JM G-Sec Fund 16 1.39 17 1.39
15. The details of value of investments by JM Financial Asset Management Private Limited and JM Financial Trustee Company Private Limited under the schemes of JM Financial Mutual Fund as at 31st March, 2011 :
Scheme JM Financial Asset Management Private Ltd
JM Financial Trustee Company Private Ltd
2010-2011 2009-2010 2010-2011 2009-2010Amount
(Rs. in Lakhs)Amount
(Rs. in Lakhs)Amount
(Rs. in Lakhs)Amount
(Rs. in Lakhs)JM Mid Cap Fund - - 79.67 86.06JM Large Cap Fund - - 77.69 69.35JM Emerging Leaders Fund - - 101.16 109.91JM High Liquidity Fund 50.01 - - 11.25JM Money Manager Fund - Super Plus Plan
- 4,865.17 - 521.83
JM Money Manager Fund - Super Plan
- 2,009.31 - -
JM Short Term Fund 1305.82 - - 16. Amount in respect of purchase and sale of investments yet to be settled :
47
Annual Report 2010-2011
Scheme 2010-2011 2009-2010Purchases Sales Purchases Sales
Rs. In Lakhs Rs. In Lakhs Rs. In Lakhs Rs. In LakhsJM Multi Strategy Fund - - - 64.91JM Contra Fund - - - 50.81JM Small & Mid-cap Fund - - - 43.38JM Mid Cap Fund - - - 13.70JM Basic Fund 424.09 - 153.05 198.24JM Emerging Leaders Fund 294.85 - 59.54 112.76JM Core 11 Fund - Series 1 - - 409.66 185.67JM Tax Gain Fund 170.00 - 54.61 19.96JM Agri & Infra Fund - - - 44.01JM HI FI Fund - - - 2.92JM Income Fund - - 91.56 -JM G-Sec Fund - Regular Plan - - 1,287.35 1,840.11JM Arbitrage Advantage Fund
448.38 - 575.04 364.75
17. Statement of Portfolio as on 31st March, 2011 : As per Annexure –1.
18. Details of investments made in companies which have invested more than 5% of the NAV of the Scheme in terms of regulation 25(11) : As per Annexure –2.
19. During the year no bonus was declared in any of the schemes.
20. In case of interim dividends declared during the year, there were cumulative distributable surplus in the respective scheme, on the dates of declaration of dividend. On account of subsequent change in the value of the investments, considering market value as on the Balance Sheet date, the amount shown as distributable surplus may be lower than the amount distributed.
21. Details in respect of the NFO launch date, allotment date and the maturity date of the schemes are given below:
Scheme - Equity NFO Launch Date Allotment Date
JM Equity Fund 01-Feb-95 01-Apr-95
JM Balanced Fund 12-Dec-94 01-Apr-95
JM Emerging Leaders Fund 16-Jun-05 27-Jul-05
JM Mid Cap Fund 01-Jun-04 29-Jun-04
JM Large Cap Fund 01-Jun-04 29-Jun-04
JM Basic Fund 25-Mar-97 02-Jun-97
JM Financial Services Sector Fund 02-Nov-06 07-Dec-06
JM Telecom Sector Fund 02-Nov-06 07-Dec-06
JM HI FI Fund 20-Feb-06 07-Apr-06
JM Small & Mid-cap Fund 09-Mar-07 30-Apr-07
JM Contra Fund 16-Jul-07 07-Sep-07
JM Core 11 Fund - Series 1 14-Jan-08 05-Mar-08
JM Agri & Infra Fund 19-Nov-07 16-Jan-08
JM Tax Gain Fund 24-Dec-07 31-Mar-08
JM Multi Strategy Fund 31-Jul-08 23-Sep-08
JM Nifty Plus Fund 02-Feb-09 02-Feb-09
JM Arbitrage Advantage Fund 01-Jun-06 18-Jul-06
Scheme – Debt / Liquid NFO Launch Date Allotment Date
JM MIP Fund 18-Aug-03 18-Sep-03
JM High Liquidity Fund 31-Dec-97 31-Dec-97
JM Income Fund 12-Dec-94 01-Apr-95
JM Short Term Fund 18-Jun-02 24-Jun-02
JM Floater Fund- Long Term Plan 23-Jun-03 25-Jun-03
JM Floater Fund - Short Term Plan 23-Jun-03 25-Jun-03
JM Money Manager Fund - Regular Plan 25-Sep-06 27-Sep-06
JM Money Manager Fund - Super Plan 25-Sep-06 27-Sep-06
JM Money Manager Fund - Super Plus Plan 25-Sep-06 27-Sep-06
JM G-Sec Fund - Regular Plan 15-Sep-99 29-Sep-99
Scheme – Fixed Maturity Fund NFO Launch Date
Allotment Date
Maturity Date
JM Fixed Maturity Fund Series XVI - Yearly Plan 29-Sep-09 04-Nov-09 15-Nov-10
JM Fixed Maturity Fund Series XVIII -15 Months Plan 1 24-Feb-10 09-Mar-10
JM Interval Fund - Quarterly Plan 1 24-Dec-07 27-Dec-07
JM Interval Fund - Quarterly Plan 2 * 04-Jan-08 08-Jan-08 06-Apr-10
JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 29-Sep-08 24-Oct-08 26-Apr-10
JM Fixed Maturity Fund Series XIX - Plan A 27-Jan-11 07-Feb-11
JM Fixed Maturity Fund Series XIX - Plan B 18-Feb-11 23-Feb-11
JM Fixed Maturity Fund Series XIX - Plan C 09-Mar-11 11-Mar-11
JM Fixed Maturity Fund Series XIX - Plan D 14-Mar-11 25-Mar-11
* scheme/plan wound up during the year.
The Revenue Account is prepared from the date of launch of the scheme/plan.
22. The details of deferred revenue expenditure written off: (Amount : Rs in Lakhs.)
Scheme 2010-2011Deferred
Revenue Expen-diture brought
forward
Less : Adjusted on account of
Redemption of units
Less : Amount written off dur-ing the period
Closing Balance
JM Core-11 Fund series 1 973.20 118.83 854.37 -JM Agri & Infra Fund 805.04 101.39 703.65 -
Scheme 2009-2010
Deferred Revenue Expen-diture brought
forward
Less : Adjusted on account of
Redemption of units
Less : Amount written off dur-ing the period
Closing Balance
JM Core-11 Fund series 1 2,435.43 281.02 1,181.21 973.20
JM Agri & Infra Fund 2,236.75 305.63 1,126.08 805.04
23. Previous year figures have been regrouped wherever necessary.
24. Management Fees - The Scheme pays investment management fees as agreed between the Trustees and AMC, which is within the limits prescribed by SEBI MF Regulations. The Management fees have been computed on the basis of Average Daily Net Assets of the Scheme excluding the Net Asset Value of the AMC’s Investment in the scheme and Deferred Revenue Expenditure, if any.
Scheme 2010-2011 2009-2010
%age of Daily
Average Net Assets
Amount (Rs.in lakhs)
%age of Daily
Average Net Assets
Amount (Rs.in lakhs)
JM Equity Fund 1.25 44.14 1.25 61.76
JM Balanced Fund 1.25 20.13 1.25 29.14
JM Multi Strategy Fund 1.25 39.30 1.25 63.66
JM Contra Fund 1.12 235.64 1.09 312.96
JM Nifty Plus Fund 0.56 7.19 0.55 7.03
JM Small & Mid-cap Fund 1.25 76.49 1.25 95.92
JM Mid Cap Fund 1.25 12.48 1.25 13.08
JM Large Cap Fund 1.25 6.30 1.25 7.47
JM Basic Fund 1.06 417.17 1.04 622.01
JM Emerging Leaders Fund 1.13 220.68 1.11 250.11
48
Annual Report 2010-2011
Scheme 2010-2011 2009-2010
%age of Daily
Average Net Assets
Amount (Rs.in lakhs)
%age of Daily
Average Net Assets
Amount (Rs.in lakhs)
JM Core 11 Fund - Series 1 1.10 220.21 1.03 257.18
JM Telecom Sector Fund 1.25 8.90 1.25 7.10
JM Tax Gain Fund 1.25 74.14 1.25 60.21
JM Agri & Infra Fund 1.18 144.62 1.06 177.68
JM HI FI Fund 1.25 13.43 1.25 16.13
JM Financial Services Sector Fund 1.25 26.55 1.25 35.57
JM High Liquidity Fund 0.08 201.69 0.05 45.18
JM Money Manager Fund - Super Plus Plan
0.15 299.70 0.14 675.88
JM Money Manager Fund - Super Plan
0.20 93.67 0.14 5.88
JM Money Manager Fund - Regular Plan
0.19 25.50 0.18 1.81
JM Floater Fund- Long Term Plan 0.30 1.81 0.32 1.18
JM Floater Fund - Short Term Plan 0.12 0.63 0.10 3.61
JM MIP Fund 1.25 10.37 1.25 11.01
JM Interval Fund - Quarterly Plan 1
0.08 2.53 1.11 2.15
JM Fixed Maturity Fund Series XIX - Plan A
0.20 3.11 - -
JM Fixed Maturity Fund Series XIX - Plan B
0.10 0.47 - -
JM Fixed Maturity Fund Series XIX - Plan C
0.10 0.37 - -
JM Fixed Maturity Fund Series XIX - Plan D
0.40 0.36 - -
JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1
0.37 8.49 0.35 0.46
JM Income Fund 1.25 15.64 1.25 20.48
JM Short Term Fund 0.38 13.22 0.36 16.66
JM G-Sec Fund - Regular Plan 1.20 17.54 1.20 33.40
JM Arbitrage Advantage Fund 0.33 56.08 0.37 204.95
JM Fixed Maturity Fund Series XIII - 18 Months Plan 1
0.10 0.10 0.07 0.94
JM Interval Fund - Quarterly Plan 2
0.01 0.00* 0.01 0.01
JM Fixed Maturity Fund Series XVI - Yearly Plan
0.42 12.14 0.25 4.47
* less than Rs. One Thousand
25. During the year ended on 31st March, 2011, the Schemes have subscribed and allotted, in the following issues of equity / debt lead managed by the the sponsor or its associate companies
Issue Type Equity
Associate: JM Financial Consultant Private Ltd
Issuer Scheme Rs. In Lakhs
Nitesh Estate Ltd. JM Contra Fund 688.17
JM Core 11 Fund - Series 1 688.17
JM Tax Gain Fund 190.34
SJVN Ltd. JM Agri & Infra Fund 200.55
JM Core 11 Fund - Series 1 267.58
JM Hi Fi Fund 13.37
JM Tax Gain Fund 66.89
Standard Chartered PLC IDR JM Contra Fund 436.19
JM Core 11 Fund - Series 1 63.77
JM Emerging Leaders Fund 63.77
JM Equity Fund 63.77
JM Financial Services Sector Fund 64.56
JM Hi Fi Fund 21.23
JM Multi Strategy Fund 63.77
JM Tax Gain Fund 63.77
Claris Lifesciences Ltd JM Core 11 Fund - Series 1 288.54
JM Emerging Leaders Fund 96.18
JM Basic Fund 192.36
JM Mid Cap Fund 67.34
JM Multi Strategy Fund 28.84
26. During the year ended 31st March, 2011, the schemes have made following subscription to issues of debt on private placement basis where the sponsor or its associate companies have acted as arrangers or manager.
Issue Type Equity Associate: JM Financial Consultant Private Ltd Issuer Scheme Rs. In LakhsDewan Housing Finance Corporation Ltd.
JM Emerging Leaders Fund 750.00
JM Tax Gain Fund 250.00Issue Type Equity Associate: JM Financial Institutional Securities
Private Ltd.
Issuer Scheme Rs. In LakhsDhanalakshmi Bank Ltd. JM Emerging Leaders Fund 427.87
49
Annual Report 2010-2011
27. During the year ended 31st March, 2011, the schemes of JM Financial Mutual Fund had invested in the following securities of the Sponsor and the Associate / Group Companies of the Sponsor:
Associate/Group Co./Sponsor Scheme Instrument Purchase (Rs. In Lakhs)
Sale/Redemption (Rs. In Lakhs)
Market Value as on 31-Mar-2011(Rs. In Lakhs)
Ambuja Cements Ltd JM Nifty Plus Fund Equity Shares 0.75 1.16 6.89 Graphite India Ltd. JM Emerging Leaders Fund Equity Shares 52.10 616.89 - Hinduja Ventures Ltd. JM Contra Fund Equity Shares 23.92 684.31 - JM Financial Limited JM Financial Services Sector Fund Equity Shares - 40.63 - JM Financial Limited JM Mid Cap Fund Equity Shares 14.22 20.81 - Mangalore Refinery and Petrochemical Limited JM Arbitrage Advantage Fund Equity Shares 1.90 91.45 - Mcleod Russel India Limited JM Agri & Infra Fund Equity Shares 131.02 100.52 - Mcleod Russel India Limited JM Arbitrage Advantage Fund Equity Shares 73.36 72.02 - Reliance Capital Limited JM Financial Services Sector Fund Equity Shares 213.21 222.39 - Reliance Capital Limited JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 Commercial Paper 193.21 - 193.24 Reliance Capital Limited JM Floater Fund- Long Term Plan Commercial Paper 154.36 155.00 - Reliance Capital Limited JM HI FI Fund Equity Shares 49.68 43.30 - Reliance Capital Limited JM High Liquidity Fund Commercial Paper 75,397.65 70,529.50 5,257.07 Reliance Capital Limited JM Income Fund Commercial Paper 9.99 10.00 - Reliance Capital Limited JM MIP Fund Commercial Paper 109.65 109.98 - Reliance Capital Limited JM Money Manager Fund - Regular Plan Commercial Paper 5,264.88 5,299.60 - Reliance Capital Limited JM Money Manager Fund - Super Plan Commercial Paper 30,914.54 30,998.54 - Reliance Capital Limited JM Money Manager Fund - Super Plus Plan Commercial Paper 17,582.86 27,579.82 - Reliance Capital Limited JM Nifty Plus Fund Equity Shares 0.44 1.10 3.74 Reliance Capital Limited JM Short Term Fund Commercial Paper 2,715.66 2,719.72 - Reliance Capital Limited JM Tax Gain Fund Equity Shares 355.55 353.75 - Supreme Infrastructure India Limited JM Agri & Infra Fund Equity Shares - 153.69 203.46 Supreme Infrastructure India Limited JM HI FI Fund Equity Shares - 20.94 31.79 Supreme Infrastructure India Limited JM Mid Cap Fund Equity Shares 45.15 34.76 -
28. Provision for depreciation on global basis and unrealized appreciation on global basis :
Scheme Provision for depreciation on global basis (Rs. In Lakhs)
Provision for depreciation on global basis (% of Net Assets)
Unrealised appreciation on global basis (Rs. In Lakhs)
Unrealised appreciation on global basis (% of Net Assets)
2010-2011 2009-2010 2010-2011 2009-2010 2010-2011 2009-2010 2010-2011 2009-2010
JM Equity Fund - - - - 378.22 590.21 13.24 13.42
JM Balanced Fund - - - - 76.53 459.74 6.82 23.88
JM Multi Strategy Fund - - - - 173.11 870.55 8.04 20.18
JM Contra Fund - - - - 1,460.96 1,474.79 10.74 5.60
JM Nifty Plus Fund - - - - 303.90 291.89 25.09 22.28
JM Small & Mid-cap Fund - - - - 191.65 504.29 4.77 6.65
JM Mid Cap Fund - - - - 55.04 175.99 7.21 12.90
JM Large Cap Fund - - - - 37.98 84.60 7.55 15.30
JM Basic Fund - - - - 172.05 4,321.20 0.73 7.92
JM Emerging Leaders Fund - - - - 774.64 2,053.50 5.75 8.76
JM Core 11 Fund - Series 1 - - - - 12.70 1,466.57 0.16 6.26
JM Telecom Sector Fund - 41.62 - 5.07 0.51 - 0.14 -
JM Tax Gain Fund - - - - 488.51 514.56 8.52 9.20
JM Agri & Infra Fund 288.03 - 3.35 - - 112.91 - 0.75
JM HI FI Fund - - - - 1.32 39.86 0.16 3.34
JM Financial Services Sector Fund - - - - 104.07 123.25 6.13 5.06
JM High Liquidity Fund - 2.84 - - - - - -
JM Money Manager Fund - Super Plus Plan 52.57 - 0.13 - - 212.45 - 0.09
JM Money Manager Fund - Super Plan - - - - 0.93 - 0.01 -
JM Money Manager Fund - Regular Plan 0.11 - - - - - - -
JM Floater Fund- Long Term Plan - 0.73 - 0.41 - - - -
JM Floater Fund - Short Term Plan - 0.06 - 0.01 - - - -
JM MIP Fund 3.39 - 0.51 - - 7.97 - 0.90
JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 - - - - - 0.11 - 0.01
50
Annual Report 2010-2011
Scheme Provision for depreciation on global basis (Rs. In Lakhs)
Provision for depreciation on global basis (% of Net Assets)
Unrealised appreciation on global basis (Rs. In Lakhs)
Unrealised appreciation on global basis (% of Net Assets)
JM Income Fund 2.90 - 0.25 - - 0.56 - 0.04
JM Short Term Fund 0.09 7.90 - 0.45 - - - -
JM G-Sec Fund - Regular Plan - 0.09 - 0.01 - - - -
JM Arbitrage Advantage Fund 908.14 1,976.25 15.94 4.26 - - - -
JM Fixed Maturity Fund Series XIX - Plan A - - - - 185.08 - 1.67 -
JM Fixed Maturity Fund Series XIX - Plan B - - - - - - - -
JM Fixed Maturity Fund Series XIX - Plan C - - - - 57.31 - 0.83 -
JM Fixed Maturity Fund Series XIX - Plan D - - - - 75.16 - 1.38 -
29. Income and Expenses as percentage of Daily Average Net Assets :
Scheme 2010-2011 2009-2010
Income ^ Expenses $ Daily Average Net Assets
(Rs. In Lakhs)
Income ^ Expenses $ Daily Average Net Assets
(Rs. In Lakhs)
%age of Daily Average Net Assets %age of Daily Average Net Assets
JM Equity Fund 16.22 2.50 3,531.04 19.31 2.50 4,940.50
JM Balanced Fund 35.11 2.50 1,610.62 1.15 2.50 2,330.86
JM Multi Strategy Fund 28.50 2.50 3,143.92 50.61 2.50 5,092.57
JM Contra Fund -1.24 2.37 21,063.83 (15.20) 2.34 28,795.03
JM Nifty Plus Fund 9.54 1.21 1,275.66 22.31 1.20 1,275.30
JM Small & Mid-cap Fund -0.80 2.50 6,119.01 (29.06) 2.50 7,673.47
JM Mid Cap Fund 11.06 2.50 998.20 11.13 2.50 1,046.49
JM Large Cap Fund 23.09 2.50 504.16 5.55 2.50 597.44
JM Basic Fund -9.16 2.29 39,216.08 (1.08) 2.21 59,698.99
JM Emerging Leaders Fund 8.45 2.38 19,567.88 (23.13) 2.36 22,509.84
JM Core 11 Fund - Series 1 2.43 2.32 20,015.73 (3.50) 2.20 24,919.27
JM Telecom Sector Fund -5.31 2.50 711.83 2.69 2.50 568.21
JM Tax Gain Fund 2.67 2.50 5,931.04 12.75 2.50 4,816.96
JM Agri & Infra Fund -4.42 2.40 12,297.56 (34.98) 2.20 16,744.47
JM HI FI Fund 0.91 2.50 1,074.47 13.58 2.50 1,290.54
JM Financial Services Sector Fund 18.85 2.50 2,124.20 11.49 2.50 2,845.20
JM High Liquidity Fund 7.08 0.21 240,145.06 4.41 0.20 94,293.34
JM Money Manager Fund - Super Plus Plan 5.95 0.32 201,077.88 5.10 0.34 483,584.15
JM Money Manager Fund - Super Plan 7.53 0.38 45,842.90 5.94 0.34 4,074.31
JM Money Manager Fund - Regular Plan 7.66 0.36 13,769.11 4.53 0.49 980.47
JM Floater Fund- Long Term Plan 6.85 0.52 597.69 4.87 0.54 373.21
JM Floater Fund - Short Term Plan 6.00 0.25 527.35 4.14 0.25 3,613.57
JM MIP Fund 7.04 2.25 829.63 7.27 2.25 880.62
JM Interval Fund - Quarterly Plan 1 8.29 0.21 3,188.11 6.06 2.05 193.02
JM Fixed Maturity Fund Series XIX - Plan A 0.08 0.30 10,931.23 - - -
JM Fixed Maturity Fund Series XIX - Plan B 1.00 0.25 4,742.87 - - -
JM Fixed Maturity Fund Series XIX - Plan C 0.07 0.20 6,834.60 - - -
JM Fixed Maturity Fund Series XIX - Plan D 0.08 1.00 5,429.61 - - -
JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 7.91 0.45 2,278.35 0.52 0.45 2,190.19
JM Income Fund 6.71 2.25 1,250.91 0.93 2.25 1,638.22
JM Short Term Fund 7.56 0.76 3,516.55 6.44 0.82 4,595.40
JM G-Sec Fund - Regular Plan 6.44 2.25 1,461.83 14.22 2.25 2,782.93
JM Arbitrage Advantage Fund -0.04 1.01 16,925.28 5.67 1.07 55,260.16
JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 0.66 0.53 1,378.78 12.07 0.53 1,318.85
JM Interval Fund - Quarterly Plan 2 0.30 0.30 43.90 6.98 0.24 109.08
JM Fixed Maturity Fund Series XVI - Yearly Plan 4.86 0.61 4,613.71 2.80 0.36 4,442.26
^ Excluding unrealized change in value of investments. $ Annualized. ¥ For the schemes which are wound up during the year / period the winding up expenses charged to the schemes are not included.
51
Annual Report 2010-2011
30. Unit Capital Movement during the period (Face Value of all the Plans is Rs.10.0000):
Scheme 2010-2011 2009-2010Opening/
Initial Sub-scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
Opening/Initial Sub-
scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
JM Equity Fund - Dividend Units (in Lakhs) 154.97 8.00 84.15 78.82 231.10 28.09 104.22 154.97 Amount (Rs.in Lakhs) 1,549.67 80.00 841.46 788.21 2,311.03 280.91 1,042.27 1,549.67
JM Equity Fund - Growth Units (in Lakhs) 62.47 4.49 21.68 45.28 75.40 18.73 31.66 62.47 Amount (Rs.in Lakhs) 624.73 44.90 216.84 452.79 753.98 187.28 316.53 624.73
JM Balanced Fund - Dividend Units (in Lakhs) 71.36 0.75 31.80 40.31 106.65 1.46 36.75 71.36 Amount (Rs.in Lakhs) 713.64 7.50 318.00 403.14 1,066.48 14.63 367.47 713.64
JM Balanced Fund - Growth Units (in Lakhs) 38.69 1.24 19.80 20.13 52.62 2.48 16.41 38.69 Amount (Rs.in Lakhs) 386.90 12.40 198.03 201.27 526.23 24.77 164.10 386.90
JM Multi Strategy Fund - Dividend Units (in Lakhs) 98.38 22.24 75.52 45.10 202.58 72.27 176.47 98.38 Amount (Rs.in Lakhs) 983.76 222.40 755.14 451.02 2,025.77 722.73 1,764.74 983.76
JM Multi Strategy Fund - Growth Units (in Lakhs) 208.43 46.91 144.67 110.67 422.97 173.16 387.70 208.43 Amount (Rs.in Lakhs) 2,084.27 469.10 1,446.64 1,106.73 4,229.73 1,731.64 3,877.10 2,084.27
JM Contra Fund - Dividend Units (in Lakhs) 1,959.63 12.15 935.48 1,036.30 2,885.54 133.29 1,059.20 1,959.63 Amount (Rs.in Lakhs) 19,596.33 121.50 9,354.85 10,362.98 28,855.36 1,332.86 10,591.89 19,596.33
JM Contra Fund - Growth Units (in Lakhs) 2,744.81 65.78 1,191.89 1,618.70 3,962.91 201.15 1,419.25 2,744.81 Amount (Rs.in Lakhs) 27,448.05 657.80 11,918.82 16,187.03 39,629.07 2,011.54 14,192.56 27,448.05
JM Nifty Plus Fund - Dividend Plan Units (in Lakhs) 48.02 14.48 25.55 36.95 42.93 12.79 7.70 48.02 Amount (Rs.in Lakhs) 480.21 144.80 255.52 369.49 429.28 127.89 76.96 480.21
JM Nifty Plus Fund - Growth Plan Units (in Lakhs) 34.73 7.04 10.01 31.76 46.82 18.99 31.08 34.73 Amount (Rs.in Lakhs) 347.26 70.40 100.08 317.58 468.18 189.94 310.86 347.26
JM Small & Mid Cap Fund - Regular Dividend Units (in Lakhs) 535.95 10.99 210.62 336.32 693.15 98.72 255.92 535.95 Amount (Rs.in Lakhs) 5,359.54 109.90 2,106.29 3,363.15 6,931.46 987.18 2,559.10 5,359.54
JM Small & Mid Cap Fund - Regular Growth Units (in Lakhs) 793.42 112.41 412.60 493.23 875.61 162.64 244.83 793.42 Amount (Rs.in Lakhs) 7,934.21 1,124.10 4,126.02 4,932.29 8,756.13 1,626.42 2,448.34 7,934.21
JM Mid Cap Fund - Dividend Units (in Lakhs) 39.02 10.74 23.13 26.63 33.09 25.30 19.37 39.02 Amount (Rs.in Lakhs) 390.15 107.40 231.27 266.28 330.87 252.96 193.68 390.15
JM Mid Cap Fund - Growth Units (in Lakhs) 27.59 7.01 20.01 14.59 12.46 35.42 20.29 27.59 Amount (Rs.in Lakhs) 275.95 70.10 200.17 145.88 124.62 354.16 202.83 275.95
JM Large Cap Fund - Dividend Units (in Lakhs) 30.40 2.45 9.87 22.98 34.13 2.07 5.80 30.40 Amount (Rs.in Lakhs) 304.04 24.50 98.75 229.79 341.34 20.66 57.96 304.04
JM Large Cap Fund - Growth Units (in Lakhs) 9.62 5.26 5.78 9.10 11.91 4.80 7.09 9.62 Amount (Rs.in Lakhs) 96.24 52.60 57.88 90.96 119.11 47.97 70.84 96.24
JM Basic Fund - Dividend Units (in Lakhs) 1,975.37 53.15 850.41 1,178.11 2,535.22 378.39 938.24 1,975.37 Amount (Rs.in Lakhs) 19,753.69 531.50 8,504.10 11,781.09 25,352.24 3,783.87 9,382.42 19,753.69
JM Basic Fund - Growth Units (in Lakhs) 1,621.13 148.07 861.23 907.97 2,034.90 606.25 1,020.02 1,621.13 Amount (Rs.in Lakhs) 16,211.29 1,480.70 8,612.33 9,079.66 20,348.99 6,062.52 10,200.22 16,211.29
JM Emerging Leaders Fund - Dividend Units (in Lakhs) 1,419.47 45.55 572.43 892.59 1,835.60 206.46 622.59 1,419.47 Amount (Rs.in Lakhs) 14,194.68 455.50 5,724.28 8,925.90 18,355.97 2,064.65 6,225.94 14,194.68
JM Emerging Leaders Fund - Growth Units (in Lakhs) 1,565.03 232.50 826.57 970.96 1,779.27 743.24 957.48 1,565.03 Amount (Rs.in Lakhs) 15,650.30 2,325.00 8,265.68 9,709.62 17,792.67 7,432.40 9,574.77 15,650.30
JM Core 11 Fund - Series 1 - Dividend Units (in Lakhs) 2,230.83 1.17 1,529.17 702.83 2,627.21 2.50 398.88 2,230.83 Amount (Rs.in Lakhs) 22,308.30 11.70 15,291.68 7,028.32 26,272.11 25.00 3,988.81 22,308.30
JM Core 11 Fund - Series 1 - Growth Units (in Lakhs) 3,028.60 4.50 1,695.31 1,337.79 3,700.28 - 671.68 3,028.60 Amount (Rs.in Lakhs) 30,286.01 45.00 16,953.13 13,377.88 37,002.83 - 6,716.82 30,286.01
JM Telecom Sector Fund - Dividend Units (in Lakhs) 69.72 73.00 124.61 18.11 28.58 67.64 26.50 69.72 Amount (Rs.in Lakhs) 697.24 730.00 1,246.15 181.09 285.83 676.36 264.95 697.24
JM Telecom Sector Fund - Growth Units (in Lakhs) 33.85 18.29 20.54 31.60 31.09 18.98 16.22 33.85 Amount (Rs.in Lakhs) 338.47 182.90 205.36 316.01 310.91 189.76 162.20 338.47
JM Tax Gain Fund - Dividend Units (in Lakhs) 266.85 5.78 0.03 272.60 247.48 19.37 - 266.85 Amount (Rs.in Lakhs) 2,668.53 57.80 0.29 2,726.04 2,474.80 193.73 - 2,668.53
JM Tax Gain Fund - Growth Units (in Lakhs) 524.12 15.86 0.01 539.97 488.12 36.00 - 524.12
52
Annual Report 2010-2011
Scheme 2010-2011 2009-2010Opening/
Initial Sub-scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
Opening/Initial Sub-
scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
Amount (Rs.in Lakhs) 5,241.17 158.60 0.12 5,399.65 4,881.25 359.92 - 5,241.17 JM Agri & Infra Fund - Dividend Units (in Lakhs) 1,794.64 11.93 762.72 1,043.85 2,265.73 - 471.09 1,794.64
Amount (Rs.in Lakhs) 17,946.35 119.30 7,627.12 10,438.53 22,657.35 - 4,711.00 17,946.35 JM Agri & Infra Fund - Growth Units (in Lakhs) 3,279.31 57.27 888.46 2,448.12 3,975.11 - 695.80 3,279.31
Amount (Rs.in Lakhs) 32,793.11 572.70 8,884.66 24,481.15 39,751.12 - 6,958.01 32,793.11 JM Hi Fi Fund - Dividend Units (in Lakhs) 105.86 52.52 77.15 81.23 132.23 16.12 42.49 105.86
Amount (Rs.in Lakhs) 1,058.62 525.20 771.50 812.32 1,322.27 161.17 424.82 1,058.62 JM Hi Fi Fund - Growth Units (in Lakhs) 112.27 18.05 48.14 82.18 137.29 37.02 62.04 112.27
Amount (Rs.in Lakhs) 1,122.67 180.50 481.37 821.80 1,372.95 370.19 620.47 1,122.67 JM Financial Services Sector Fund - Dividend Units (in Lakhs) 81.15 20.56 57.12 44.59 140.94 23.15 82.94 81.15
Amount (Rs.in Lakhs) 811.51 205.60 571.21 445.90 1,409.38 231.54 829.41 811.51 JM Financial Services Sector Fund - Growth Units (in Lakhs) 191.30 49.74 117.54 123.50 301.34 29.68 139.72 191.30
Amount (Rs.in Lakhs) 1,913.05 497.40 1,175.42 1,235.03 3,013.42 296.77 1,397.14 1,913.05 JM High Liquidity Fund - Growth Units (in Lakhs) 69.85 675.62 634.61 110.86 112.83 542.93 585.91 69.85
Amount (Rs.in Lakhs) 698.54 6,756.20 6,346.14 1,108.60 1,128.34 5,429.29 5,859.09 698.54 JM High Liquidity Fund - Growth - Bonus Units (in Lakhs) 2.85 1.35 0.94 3.26 2.80 0.15 0.10 2.85
Amount (Rs.in Lakhs) 28.49 13.50 9.39 32.60 28.01 1.54 1.06 28.49 JM High Liquidity Fund - Daily Dividend Units (in Lakhs) 462.97 5,243.75 5,460.84 245.88 276.37 5,250.86 5,064.26 462.97
Amount (Rs.in Lakhs) 4,629.67 52,437.50 54,608.37 2,458.80 2,763.74 52,508.61 50,642.68 4,629.67 JM High Liquidity Fund - Weekly Dividend Units (in Lakhs) 57.44 408.28 389.75 75.97 45.03 303.21 290.80 57.44
Amount (Rs.in Lakhs) 574.38 4,082.80 3,897.52 759.66 450.33 3,032.12 2,908.07 574.38 JM High Liquidity Fund - Dividend - Quar-terly Dividend
Units (in Lakhs) 1.24 5.84 5.40 1.68 1.38 3.34 3.48 1.24
Amount (Rs.in Lakhs) 12.43 58.40 54.01 16.82 13.84 33.42 34.83 12.43 JM High Liquidity Fund - Institutional - Dividend
Units (in Lakhs) 13.42 197.33 157.02 53.73 46.32 179.59 212.49 13.42
Amount (Rs.in Lakhs) 134.20 1,973.30 1,570.23 537.27 463.16 1,795.93 2,124.89 134.20 JM High Liquidity Fund - Institutional - Daily Dividend
Units (in Lakhs) 14.00 9,779.86 9,652.92 140.94 30.60 33,810.86 33,827.46 14.00
Amount (Rs.in Lakhs) 139.99 97,798.60 96,529.24 1,409.35 306.00 338,108.60 338,274.61 139.99 JM High Liquidity Fund - Institutional - Growth
Units (in Lakhs) 53.94 6,118.85 6,075.54 97.25 7.81 2,205.86 2,159.73 53.94
Amount (Rs.in Lakhs) 539.42 61,188.50 60,755.37 972.55 78.11 22,058.55 21,597.24 539.42 JM High Liquidity Fund - Super Institutional - Daily Dividend
Units (in Lakhs) 3,218.52 379,069.49 381,788.58 499.43 606.15 216,726.55 214,114.18 3,218.52
Amount (Rs.in Lakhs) 32,185.18 3,790,694.90 3,817,885.78 4,994.30 6,061.52 2,167,265.53 2,141,141.87 32,185.18 JM High Liquidity Fund - Super Institutional - Weekly Dividend
Units (in Lakhs) - 1,269.12 1,269.12 - - - - -
Amount (Rs.in Lakhs) - 12,691.20 12,691.20 - - - - - JM High Liquidity Fund - Super Institutional - Growth
Units (in Lakhs) 6,103.46 602,266.59 605,812.86 2,557.19 661.14 337,776.01 332,333.69 6,103.46
Amount (Rs.in Lakhs) 61,034.62 6,022,665.90 6,058,128.65 25,571.87 6,611.39 3,377,760.13 3,323,336.90 61,034.62 JM Money Manager Fund Super Plus - Daily Dividend
Units (in Lakhs) 13,104.39 85,540.85 95,033.65 3,611.59 5,302.46 124,210.86 116,408.93 13,104.39
Amount (Rs.in Lakhs) 131,043.86 855,408.50 950,336.47 36,115.89 53,024.58 1,242,108.57 1,164,089.29 131,043.86 JM Money Manager Fund Super Plus - Growth
Units (in Lakhs) 7,517.48 66,473.54 73,688.74 302.28 3,983.48 246,220.70 242,686.70 7,517.48
Amount (Rs.in Lakhs) 75,174.82 664,735.40 736,887.40 3,022.82 39,834.77 2,462,207.03 2,426,866.98 75,174.82 JM Money Manager Fund - Super Plus - Weekly Dividend
Units (in Lakhs) 1,632.95 1,889.84 3,485.64 37.15 477.97 4,326.58 3,171.60 1,632.95
Amount (Rs.in Lakhs) 16,329.53 18,898.40 34,856.47 371.46 4,779.68 43,265.84 31,715.99 16,329.53 JM Money Manager Fund - Super Plus - Fortnightly Dividend
Units (in Lakhs) 5.73 2.48 7.97 0.24 41.15 285.51 320.93 5.73
Amount (Rs.in Lakhs) 57.26 24.80 79.66 2.40 411.55 2,855.06 3,209.35 57.26
53
Annual Report 2010-2011
Scheme 2010-2011 2009-2010Opening/
Initial Sub-scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
Opening/Initial Sub-
scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
JM Money Manager Fund Super - Daily Dividend
Units (in Lakhs) 512.98 12,050.64 11,759.21 804.41 67.40 654.76 209.18 512.98
Amount (Rs.in Lakhs) 5,129.80 120,506.40 117,592.13 8,044.07 674.04 6,547.59 2,091.83 5,129.80 JM Money Manager Fund Super - Growth Units (in Lakhs) 570.49 2,870.50 3,064.50 376.49 35.38 667.68 132.57 570.49
Amount (Rs.in Lakhs) 5,704.89 28,705.00 30,644.98 3,764.91 353.78 6,676.78 1,325.67 5,704.89 JM Money Manager Fund - Super - Weekly Dividend
Units (in Lakhs) 126.33 1,494.38 1,431.39 189.32 7.28 148.14 29.09 126.33
Amount (Rs.in Lakhs) 1,263.33 14,943.80 14,313.90 1,893.23 72.83 1,481.40 290.90 1,263.33 JM Money Manager Fund - Super - Fort-nightly Dividend
Units (in Lakhs) 22.33 70.76 82.96 10.13 0.99 74.43 53.09 22.33
Amount (Rs.in Lakhs) 223.27 707.60 829.54 101.33 9.85 744.35 530.93 223.27 JM Money Manager Fund Regular - Daily Dividend
Units (in Lakhs) 361.33 6,749.44 6,268.18 842.59 10.69 472.34 121.70 361.33
Amount (Rs.in Lakhs) 3,613.28 67,494.40 62,681.75 8,425.93 106.94 4,723.36 1,217.02 3,613.28 JM Money Manager Fund Regular - Growth Units (in Lakhs) 660.35 1,955.38 2,320.48 295.25 37.35 954.71 331.71 660.35
Amount (Rs.in Lakhs) 6,603.48 19,553.80 23,204.82 2,952.46 373.46 9,547.08 3,317.06 6,603.48 JM Money Manager Fund - Regular - Weekly Dividend
Units (in Lakhs) 4.31 63.92 22.05 46.18 9.71 33.44 38.84 4.31
Amount (Rs.in Lakhs) 43.12 639.20 220.54 461.78 97.05 334.40 388.33 43.12 JM Money Manager Fund - Regular - Fort-nightly Dividend
Units (in Lakhs) 1.74 16.31 13.06 4.99 0.05 1.86 0.17 1.74
Amount (Rs.in Lakhs) 17.43 163.10 130.62 49.91 0.48 18.55 1.60 17.43 JM Floater Fund- Long Term Plan - Regular - Dividend
Units (in Lakhs) 0.53 0.15 0.12 0.56 1.82 0.05 1.34 0.53
Amount (Rs.in Lakhs) 5.34 1.50 1.24 5.60 18.19 0.46 13.31 5.34 JM Floater Fund- Long Term Plan - Regular - Growth
Units (in Lakhs) 4.33 5.71 6.87 3.17 8.70 3.03 7.40 4.33
Amount (Rs.in Lakhs) 43.32 57.10 68.70 31.72 86.99 30.28 73.95 43.32 JM Floater Fund- Long Term Plan - Regular -Daily Dividend
Units (in Lakhs) 0.68 0.10 0.22 0.56 3.27 0.17 2.76 0.68
Amount (Rs.in Lakhs) 6.81 1.00 2.19 5.62 32.65 1.73 27.57 6.81 JM Floater Fund- Long Term Plan - Regular -Weekly Dividend
Units (in Lakhs) 3.03 0.19 2.85 0.37 4.06 2.64 3.67 3.03
Amount (Rs.in Lakhs) 30.32 1.90 28.54 3.68 40.56 26.41 36.65 30.32 JM Floater Fund- Long Term Plan - Premium - Dividend
Units (in Lakhs) 3.19 8.79 11.78 0.20 10.55 6.94 14.30 3.19
Amount (Rs.in Lakhs) 31.95 87.90 117.87 1.98 105.54 69.42 143.01 31.95 JM Floater Fund- Long Term Plan - Premium - Growth
Units (in Lakhs) 0.69 434.27 378.78 56.18 6.18 11.95 17.44 0.69
Amount (Rs.in Lakhs) 6.88 4,342.70 3,787.80 561.78 61.76 119.47 174.35 6.88 JM Floater Fund- Long Term Plan - Premium -Daily Dividend
Units (in Lakhs) 1.06 100.00 100.37 0.69 12.98 2.37 14.29 1.06
Amount (Rs.in Lakhs) 10.63 1,000.00 1,003.71 6.92 129.81 23.66 142.84 10.63 JM Floater Fund- Long Term Plan - Premium -Weekly Dividend
Units (in Lakhs) 1.60 0.19 1.40 0.39 2.85 3.26 4.51 1.60
Amount (Rs.in Lakhs) 15.95 1.90 13.97 3.88 28.52 32.64 45.21 15.95 JM Floater Fund - Short Term - Daily Dividend
Units (in Lakhs) 15.33 21.24 29.31 7.26 2,187.78 32.36 2,204.81 15.33
Amount (Rs.in Lakhs) 153.29 212.40 293.09 72.60 21,877.75 323.61 22,048.07 153.29 JM Floater Fund - Short Term - Growth Units (in Lakhs) 38.34 789.33 817.15 10.52 711.80 549.86 1,223.32 38.34
Amount (Rs.in Lakhs) 383.39 7,893.30 8,171.52 105.17 7,118.00 5,498.58 12,233.19 383.39 JM MIP Fund - Growth - Growth Units (in Lakhs) 33.39 33.07 40.79 25.67 34.85 51.13 52.59 33.39
Amount (Rs.in Lakhs) 333.86 330.70 407.83 256.73 348.53 511.28 525.95 333.86 JM MIP Fund - Dividend - Monthly Dividend Units (in Lakhs) 18.47 4.50 13.56 9.41 17.47 5.46 4.46 18.47
Amount (Rs.in Lakhs) 184.73 45.00 135.66 94.07 174.69 54.57 44.53 184.73
54
Annual Report 2010-2011
Scheme 2010-2011 2009-2010Opening/
Initial Sub-scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
Opening/Initial Sub-
scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
JM MIP Fund - Dividend -Quarterly Dividend Units (in Lakhs) 15.62 3.24 5.70 13.16 17.53 3.49 5.40 15.62 Amount (Rs.in Lakhs) 156.21 32.40 57.06 131.55 175.34 34.86 53.99 156.21
JM MIP Fund - Dividend - Annual Dividend Units (in Lakhs) 2.19 - 0.33 1.86 2.53 - 0.34 2.19 Amount (Rs.in Lakhs) 21.94 - 3.36 18.58 25.26 - 3.32 21.94
JM Interval Fund - Quarterly 1 - Regular Dividend
Units (in Lakhs) 0.98 5.89 4.68 2.19 1.94 0.08 1.04 0.98
Amount (Rs.in Lakhs) 9.84 58.90 46.80 21.94 19.38 0.83 10.37 9.84 JM Interval Fund - Quarterly 1 - Regular Growth
Units (in Lakhs) 0.20 18.69 17.43 1.46 1.22 0.08 1.10 0.20
Amount (Rs.in Lakhs) 2.00 186.90 174.35 14.55 12.19 0.80 10.99 2.00 JM Interval Fund - Quarterly 1 - Institutional Dividend
Units (in Lakhs) - 517.51 361.99 155.52 29.33 0.26 29.59 -
Amount (Rs.in Lakhs) - 5,175.10 3,619.89 1,555.21 293.30 2.59 295.89 - JM Interval Fund - Quarterly 1 - Institutional Growth
Units (in Lakhs) 0.34 289.31 195.46 94.19 30.19 - 29.85 0.34
Amount (Rs.in Lakhs) 3.38 2,893.10 1,954.57 941.91 301.87 - 298.49 3.38 JM Fixed Maturity Fund Series XIX - Plan A - Regular Dividend
Units (in Lakhs) - 29.32 - 29.32
Amount (Rs.in Lakhs) - 293.17 - 293.17 JM Fixed Maturity Fund Series XIX - Plan A - Regular Growth
Units (in Lakhs) - 1,056.90 - 1,056.90
Amount (Rs.in Lakhs) - 10,569.03 - 10,569.03 JM Fixed Maturity Fund Series XIX - Plan B - Regular Dividend
Units (in Lakhs) - 373.14 - 373.14
Amount (Rs.in Lakhs) - 3,731.42 - 3,731.42 JM Fixed Maturity Fund Series XIX - Plan B - Regular Growth
Units (in Lakhs) - 98.92 - 98.92
Amount (Rs.in Lakhs) - 989.20 - 989.20 JM Fixed Maturity Fund Series XIX - Plan C - Regular Dividend
Units (in Lakhs) - 50.18 - 50.18
Amount (Rs.in Lakhs) - 501.85 - 501.85 JM Fixed Maturity Fund Series XIX - Plan C - Regular Growth
Units (in Lakhs) - 631.95 - 631.95
Amount (Rs.in Lakhs) - 6,319.54 - 6,319.54 JM Fixed Maturity Fund Series XIX - Plan D - Regular Dividend
Units (in Lakhs) - 4.03 - 4.03
Amount (Rs.in Lakhs) - 40.25 - 40.25 JM Fixed Maturity Fund Series XIX - Plan D - Regular Growth
Units (in Lakhs) - 534.47 - 534.47
Amount (Rs.in Lakhs) - 5,344.71 - 5,344.71 JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 - Regular Dividend
Units (in Lakhs) 0.07 - - 0.07 - 0.07 - 0.07
Amount (Rs.in Lakhs) 0.68 - - 0.68 - 0.68 - 0.68 JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 - Regular Growth
Units (in Lakhs) 218.36 - - 218.36 - 218.36 - 218.36
Amount (Rs.in Lakhs) 2,183.56 - - 2,183.56 - 2,183.56 - 2,183.56 JM Income Fund - Dividend - Dividend Units (in Lakhs) 34.63 0.15 5.32 29.46 73.96 0.62 39.95 34.63
Amount (Rs.in Lakhs) 346.27 1.50 53.16 294.61 739.59 6.20 399.52 346.27 JM Income Fund - Growth - Growth Units (in Lakhs) 26.63 0.58 7.98 19.23 36.81 2.87 13.05 26.63
Amount (Rs.in Lakhs) 266.35 5.80 79.89 192.26 368.07 28.73 130.45 266.35 JM Income Fund Growth - Bonus Units (in Lakhs) 25.33 - 0.82 24.51 27.87 - 2.54 25.33
Amount (Rs.in Lakhs) 253.34 - 8.21 245.13 278.74 - 25.40 253.34 JM Short Term Fund - Dividend Units (in Lakhs) 31.99 161.33 49.22 144.10 46.57 57.11 71.69 31.99
Amount (Rs.in Lakhs) 319.85 1,613.30 492.13 1,441.02 465.70 571.10 716.95 319.85 JM Short Term Fund - Growth Units (in Lakhs) 38.27 41.66 60.25 19.68 67.34 91.21 120.28 38.27
55
Annual Report 2010-2011
Scheme 2010-2011 2009-2010Opening/
Initial Sub-scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
Opening/Initial Sub-
scription
Units issued during the
year
Units repurchased during the
year
Closing units at the end of
the year
Amount (Rs.in Lakhs) 382.65 416.60 602.42 196.83 673.38 912.07 1,202.80 382.65 JM Short Term Fund - Institutional - Dividend
Units (in Lakhs) 39.06 1,324.84 359.66 1,004.24 115.73 283.98 360.65 39.06
Amount (Rs.in Lakhs) 390.59 13,248.40 3,596.59 10,042.40 1,157.29 2,839.82 3,606.52 390.59 JM Short Term Fund - Institutional - Growth Units (in Lakhs) 23.40 1,104.20 178.71 948.89 41.54 431.95 450.09 23.40
Amount (Rs.in Lakhs) 234.03 11,042.00 1,787.09 9,488.94 415.43 4,319.51 4,500.91 234.03 JM Short Term Fund - Regular - Daily Dividend
Units (in Lakhs) - 0.09 - 0.09
Amount (Rs.in Lakhs) - 0.90 - 0.90 JM G-Sec Fund - Regular - Dividend Units (in Lakhs) 7.95 63.47 65.47 5.95 217.49 27.68 237.22 7.95
Amount (Rs.in Lakhs) 79.51 634.70 654.70 59.51 2,174.93 276.77 2,372.19 79.51 JM G-Sec Fund - Regular - Growth Units (in Lakhs) 23.19 222.56 228.71 17.04 89.77 107.80 174.38 23.19
Amount (Rs.in Lakhs) 231.94 2,225.60 2,287.13 170.41 897.66 1,078.03 1,743.75 231.94 JM G-Sec Regular Growth - Bonus Units (in Lakhs) 13.24 - 0.14 13.10 13.64 - 0.40 13.24
Amount (Rs.in Lakhs) 132.41 - 1.39 131.02 136.45 - 4.04 132.41 JM - Arbitrage Advantage Fund - Dividend Units (in Lakhs) 2,955.20 29.96 2,631.19 353.97 1,751.64 3,855.11 2,651.55 2,955.20
Amount (Rs.in Lakhs) 29,552.03 299.60 26,311.89 3,539.74 17,516.42 38,551.10 26,515.49 29,552.03 JM - Arbitrage Advantage Fund - Growth Units (in Lakhs) 1,278.50 1.51 1,129.14 150.87 911.58 1,278.62 911.70 1,278.50
Amount (Rs.in Lakhs) 12,785.01 15.10 11,291.42 1,508.69 9,115.76 12,786.18 9,116.93 12,785.01 JM Interval Fund - Quarterly 2 - Regular Dividend
Units (in Lakhs) 1.77 - 1.77 - 4.15 0.05 2.43 1.77
Amount (Rs.in Lakhs) 17.71 - 17.71 - 41.51 0.52 24.32 17.71 JM Interval Fund - Quarterly 2 - Regular Growth
Units (in Lakhs) 0.50 - 0.50 - 2.12 0.05 1.67 0.50
Amount (Rs.in Lakhs) 5.01 - 5.01 - 21.17 0.49 16.65 5.01 JM Interval Fund - Quarterly 2 - Institutional Dividend
Units (in Lakhs) 2.05 - 2.05 - 43.22 0.13 41.30 2.05
Amount (Rs.in Lakhs) 20.50 - 20.50 - 432.21 1.27 412.98 20.50 JM Interval Fund - Quarterly 2 - Institutional Growth
Units (in Lakhs) - - - - 5.13 - 5.13 -
Amount (Rs.in Lakhs) - - - - 51.29 - 51.29 - JM Fixed Maturity Fund-Series XIII- 18 - Months - 1 - Regular Dividend
Units (in Lakhs) 1.50 0.03 1.53 - 1.45 0.05 - 1.50
Amount (Rs.in Lakhs) 14.95 0.30 15.25 - 14.50 0.46 0.01 14.95 JM Fixed Maturity Fund-Series XIII - 18 - Months -1 - Regular Growth
Units (in Lakhs) 40.22 - 40.22 - 40.27 - 0.05 40.22
Amount (Rs.in Lakhs) 402.16 - 402.16 - 402.66 - 0.50 402.16 JM Fixed Maturity Fund-Series XIII - 18 -1 - Months - Institutional Dividend
Units (in Lakhs) 2.00 - 2.00 - 2.00 - - 2.00
Amount (Rs.in Lakhs) 20.00 - 20.00 - 20.00 - - 20.00 JM Fixed Maturity Fund-Series XIII - 18 - 1 - Months - Institutional Growth
Units (in Lakhs) 75.25 - 75.25 - 75.25 - - 75.25
Amount (Rs.in Lakhs) 752.50 - 752.50 - 752.50 - - 752.50 JM Fixed Maturity Fund Series XVI - Yearly Regular Dividend
Units (in Lakhs) 5.82 - 5.82 - - 5.82 - 5.82
Amount (Rs.in Lakhs) 58.23 - 58.23 - - 58.23 - 58.23 JM Fixed Maturity Fund Series XVI - Yearly Regular Growth
Units (in Lakhs) 4.35 - 4.35 - - 4.35 - 4.35
Amount (Rs.in Lakhs) 43.47 - 43.47 - - 43.47 - 43.47 JM Fixed Maturity Fund Series XVI - Yearly Institutional Dividend
Units (in Lakhs) 1.78 0.06 1.84 - - 1.78 - 1.78
Amount (Rs.in Lakhs) 17.83 0.64 18.47 - - 17.83 - 17.83 JM Fixed Maturity Fund Series XVI - Yearly Institutional Growth
Units (in Lakhs) 426.80 - 426.80 - - 426.80 - 426.80
Amount (Rs.in Lakhs) 4,268.01 - 4,268.01 - - 4,268.01 - 4,268.01
56
Annual Report 2010-2011
31. Purchase and sale of securities as a % Average Daily Net Assets :
Scheme 2010-2011Average Daily Net Assets
(Rs. In Lakhs)Purchase Value
(Rs. In Lakhs)Purchase % Sale Value
(Rs. In Lakhs)Sale %
JM Equity Fund 3,531.04 3,508.11 99.35 5,139.97 145.57JM Balanced Fund 1,610.62 1,271.49 78.94 2,212.49 137.37JM Multi Strategy Fund 3,143.92 3,868.07 123.03 6,003.13 190.94JM Contra Fund 21,063.83 22,911.21 108.77 35,184.59 167.04JM Nifty Plus Fund 1,275.66 207.23 16.24 391.35 30.68JM Small & Mid-cap Fund 6,119.01 5,443.77 88.96 8,519.60 139.23JM Mid Cap Fund 998.20 1,093.39 109.54 1,607.96 161.09JM Large Cap Fund 504.16 788.55 156.41 888.89 176.31JM Basic Fund 39,216.08 36,227.69 92.38 59,358.90 151.36JM Emerging Leaders Fund 19,567.88 16,122.88 82.39 27,408.56 140.07JM Core 11 Fund - Series 1 20,015.73 19,277.57 96.31 33,736.72 168.55JM Telecom Sector Fund 711.83 924.41 129.86 1,499.31 210.63JM Tax Gain Fund 5,931.04 10,269.02 173.14 10,913.82 184.01JM Agri & Infra Fund 12,297.56 23,360.00 189.96 27,519.19 223.78JM HI FI Fund 1,074.47 2,800.77 260.67 3,137.22 291.98JM Financial Services Sector Fund 2,124.20 5,252.53 247.27 6,965.66 327.92JM High Liquidity Fund 240,145.06 4,415,427.44 1,838.65 4,517,920.23 1,881.33JM Money Manager Fund - Super Plus Plan 201,077.88 2,327,693.76 1,157.61 2,527,586.07 1,257.02JM Money Manager Fund - Super Plan 45,842.90 587,439.12 1,281.42 589,109.99 1,285.06JM Money Manager Fund - Regular Plan 13,769.11 199,466.01 1,448.65 199,595.99 1,449.59JM Floater Fund- Long Term Plan 597.69 4,652.47 778.41 4,610.01 771.30JM Floater Fund - Short Term Plan 527.35 12,184.58 2,310.53 12,574.27 2,384.43JM MIP Fund 829.63 967.27 116.59 1,189.69 143.40JM Interval Fund - Quarterly Plan 1 3,188.11 19,271.56 604.48 16,783.08 526.43JM Fixed Maturity Fund Series XIX - Plan A 10,931.23 10,853.49 99.29 - -JM Fixed Maturity Fund Series XIX - Plan B 4,742.87 5,686.65 119.90 1,001.09 21.11JM Fixed Maturity Fund Series XIX - Plan C 6,834.60 8,317.75 121.70 1,500.00 21.95JM Fixed Maturity Fund Series XIX - Plan D 5,429.61 5,126.05 94.41 - -JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 2,278.35 6,276.45 275.48 6,257.91 274.67JM Income Fund 1,250.91 76,642.86 6,126.97 77,228.40 6,173.78JM Short Term Fund 3,516.55 83,556.28 2,376.09 59,604.20 1,694.96JM G-sec Fund - Regular Plan 1,461.83 419,531.39 28,699.05 419,899.20 28,724.22JM Arbitrage Advantage Fund 16,925.28 50,285.65 297.10 88,179.22 520.99JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 1,378.78 399.71 28.99 1,330.45 96.49JM Interval Fund - Quarterly Plan 2 - - - - -JM Fixed Maturity Fund Series XVI - Yearly Plan 4,613.71 713.35 15.46 5,375.00 116.50
Scheme 2009-2010Average Daily Net Assets
(Rs. In Lakhs)Purchase Value
(Rs. In Lakhs)Purchase % Sale Value
(Rs. In Lakhs)Sale %
JM Equity Fund 4,940.50 6,588.38 133.35 8,437.24 170.78JM Balanced Fund 2,330.86 791.12 33.94 1,740.20 74.66JM Multi Strategy Fund 5,092.57 6,648.10 130.55 11,275.77 221.42JM Contra Fund 28,795.03 56,842.50 197.40 71,722.60 249.08JM Nifty Plus Fund 1,275.30 1,059.70 83.09 1,170.33 91.77JM Small & Mid-cap Fund 7,673.47 3,946.81 51.43 4,914.25 64.04JM Mid Cap Fund 1,046.49 1,395.34 133.34 1,177.34 112.50JM Large Cap Fund 597.44 1,027.23 171.94 1,205.39 201.76JM Basic Fund 59,698.99 75,118.65 125.83 89,516.95 149.95JM Emerging Leaders Fund 22,509.84 31,872.62 141.59 36,874.21 163.81JM Core 11 Fund - Series 1 24,919.27 16,992.71 68.19 19,957.25 80.09JM Telecom Sector Fund 568.21 639.95 112.63 328.24 57.77JM Tax Gain Fund 4,816.96 16,973.33 352.37 17,208.01 357.24
57
Annual Report 2010-2011
Scheme 2009-2010Average Daily Net Assets
(Rs. In Lakhs)Purchase Value
(Rs. In Lakhs)Purchase % Sale Value
(Rs. In Lakhs)Sale %
JM Agri & Infra Fund 16,744.47 49,895.80 297.98 54,447.85 325.17JM HI FI Fund 1,290.54 5,019.13 388.92 5,335.06 413.40JM Financial Services Sector Fund 2,845.20 8,213.89 288.69 9,637.11 338.71JM High Liquidity Fund 94,293.34 2,744,444.29 2,910.54 2,619,294.63 2,777.82JM Money Manager Fund - Super Plus Plan 483,584.15 6,336,373.29 1,310.29 6,207,902.05 1,283.73JM Money Manager Fund - Super Plan 4,074.31 36,064.78 885.18 23,257.10 570.82JM Money Manager Fund - Regular Plan 980.47 16,661.93 1,699.38 4,990.94 509.04JM Floater Fund- Long Term Plan 373.21 602.00 161.30 684.76 183.48JM Floater Fund - Short Term Plan 3,613.57 34,992.44 968.36 65,447.57 1,811.16JM MIP Fund 880.62 1,479.89 168.05 1,212.65 137.70JM Interval Fund - Quarterly Plan 1 193.02 34.69 17.97 525.83 272.42JM Fixed Maturity Fund Series XIX - Plan A - - - - -JM Fixed Maturity Fund Series XIX - Plan B - - - - -JM Fixed Maturity Fund Series XIX - Plan C - - - - -JM Fixed Maturity Fund Series XIX - Plan D - - - - -JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 2,190.19 2,167.35 98.96 - -JM Income Fund 1,638.22 115,070.70 7,024.13 115,020.49 7,021.06JM Short Term Fund 4,595.40 177,795.27 3,868.98 179,437.67 3,904.72JM G-sec Fund - Regular Plan 2,782.93 598,604.05 21,509.85 601,512.91 21,614.37JM Arbitrage Advantage Fund 55,260.16 316,926.43 573.52 314,649.81 569.40JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 1,318.85 5,773.61 437.78 5,824.25 441.62JM Interval Fund - Quarterly Plan 2 109.08 281.32 257.90 768.61 704.63JM Fixed Maturity Fund Series XVI - Yearly Plan 4,442.26 8,604.86 193.70 4,225.58 95.12
32. During the year no borrowing made above 10% of the net assets of any of the scheme of JM Financial Mutual Fund.
33. Derivatives disclosure (as per circular IMD/DF/11/2010, dated 18/08/2010):
Hedging Positions through futures as on 31st March, 2011 :
Scheme Name Underlying Long / Short Futures price when purchased (Rs. )
Current price of the contract (Rs. )
Total Margin maintained in (Rs. In Lakhs)
JM Arbitrage Advantage Fund ABG Shipyard Limited - April 2011 Short 369.30 364.45 18.27JM Arbitrage Advantage Fund Alok Industries Limited - April 2011 Short 21.93 22.35 20.77JM Arbitrage Advantage Fund Bajaj Hindusthan Limited - April 2011 Short 71.77 71.85 9.79JM Arbitrage Advantage Fund Bank of Baroda - April 2011 Short 959.44 971.90 15.07JM Arbitrage Advantage Fund BGR Energy Systems Limited - April 2011 Short 488.90 481.55 1.48JM Arbitrage Advantage Fund Central Bank of India - April 2011 Short 140.62 141.80 7.01JM Arbitrage Advantage Fund Cipla Limited - April 2011 Short 321.78 324.35 3.03JM Arbitrage Advantage Fund Dena Bank - April 2011 Short 105.51 104.60 58.98JM Arbitrage Advantage Fund Firstsource Solutions Limited - April 2011 Short 18.50 18.15 35.57JM Arbitrage Advantage Fund GAIL (India) Limited - April 2011 Short 463.86 467.50 5.47JM Arbitrage Advantage Fund IFCI Limited - April 2011 Short 53.62 53.15 18.86JM Arbitrage Advantage Fund The India Cements Limited - April 2011 Short 97.26 96.50 23.91JM Arbitrage Advantage Fund Jain Irrigation Systems Limited - April 2011 Short 180.71 180.40 25.08JM Arbitrage Advantage Fund JSW Steel Limited - April 2011 Short 923.57 924.00 22.09JM Arbitrage Advantage Fund K S Oils Limited - April 2011 Short 32.72 32.70 19.08JM Arbitrage Advantage Fund Lanco Infratech Limited - April 2011 Short 40.46 39.95 22.73JM Arbitrage Advantage Fund Mercator Lines Limited - April 2011 Short 38.57 38.60 8.21JM Arbitrage Advantage Fund Mahanagar Telephone Nigam Limited - April 2011 Short 45.89 45.90 10.63JM Arbitrage Advantage Fund NHPC Limited - April 2011 Short 24.43 25.30 59.89JM Arbitrage Advantage Fund Orchid Chemicals & Pharmaceuticals Limited - April 2011 Short 309.13 303.45 7.17JM Arbitrage Advantage Fund Pantaloon Retail (India) Limited - April 2011 Short 267.09 263.40 91.10JM Arbitrage Advantage Fund Reliance Infrastructure Limited - April 2011 Short 687.91 694.25 27.70JM Arbitrage Advantage Fund Shree Renuka Sugars Limited - April 2011 Short 70.16 70.25 5.47JM Arbitrage Advantage Fund Rolta India Limited - April 2011 Short 140.30 140.00 5.30JM Arbitrage Advantage Fund Ruchi Soya Industries Limited - April 2011 Short 105.94 106.50 52.87
58
Annual Report 2010-2011
Scheme Name Underlying Long / Short Futures price when purchased (Rs. )
Current price of the contract (Rs. )
Total Margin maintained in (Rs. In Lakhs)
JM Arbitrage Advantage Fund Shipping Corporation Of India Limited - April 2011 Short 108.58 108.50 11.25JM Arbitrage Advantage Fund SREI Infrastructure Finance Limited - April 2011 Short 44.74 44.80 2.11JM Arbitrage Advantage Fund Sterling Biotech Limited - April 2011 Short 98.39 96.00 22.82JM Arbitrage Advantage Fund Tata Global Beverages Limited - April 2011 Short 97.41 98.40 12.06JM Arbitrage Advantage Fund Tata Teleservices (Maharashtra) Limited - April 2011 Short 16.87 17.25 59.10JM Arbitrage Advantage Fund Tulip Telecom Limited - April 2011 Short 143.91 141.40 4.02JM Arbitrage Advantage Fund Television Eighteen India Limited - April 2011 Short 76.54 77.80 24.54
In respect of JM Arbitrage Advantage Fund, total 70.83% of existing assets are hedged through futures as on 31st March, 2011.
For the year ended 31st March 2011 following are the hedging transactions through futures which have been squared off / expired:
Scheme Name Total number of contracts where futures were bought
Total number of contracts where
futures were sold
Gross notional value of contracts where futures were
bought (Rs. In Lakhs)
Gross notional value of contracts where futures were
sold (Rs. In Lakhs)
Net profit/(loss) value on all contracts combined (Rs. In
Lakhs)JM Basic Fund 89 89 295.48 299.93 4.45JM Arbitrage Advantage Fund 56,817 48,088 146,877.25 119,041.60 1,021.72JM Balanced Fund 10 10 16.62 17.91 1.29
Other than Hedging Positions through futures as on 31st March, 2011
Scheme Name Underlying Long / Short Futures price when purchased (Rs.) Current price of the contract (Rs.) Total Margin maintained in (Rs. In Lakhs)
JM Nifty Plus Fund NIFTY - April 2011 Long 5,864.76 5,858.70 21.30In respect of JM Nifty Plus Fund, total exposure due to futures (non-hedging) is 17.41% of net assets as on 31st March, 2011.
For the year ended 31st March 2011 following are the non-hedging transactions through futures which have been squared off / expired:
Scheme Name Total number of contracts where futures were bought
Total number of contracts where
futures were sold
Gross notional value of contracts where futures were
bought (Rs. In Lakhs)
Gross notional value of contracts where futures were
sold (Rs. In Lakhs)
Net profit/(loss) value on all contracts combined (Rs. In
Lakhs)JM Equity Fund 124 124 348.36 350.57 2.21JM Balanced Fund 87 87 298.65 301.76 3.11JM Multi Strategy Fund 21 21 48.99 49.96 0.97JM Contra Fund 1,015 1,015 2,783.64 2,789.18 5.54JM Nifty Plus Fund 1,959 2,027 5,494.94 5,673.87 20.66JM Small & Mid-cap Fund 478 478 1,380.41 1,374.76 (5.65)JM Large Cap Fund 22 22 49.38 51.36 1.98JM Basic Fund 5,635 5,635 13,071.91 13,322.18 250.27JM Emerging Leaders Fund 227 227 797.11 835.53 38.42JM Core 11 Fund - Series 1 5,599 5,685 15,029.25 15,831.31 522.75JM Tax Gain Fund 1,090 1,090 2,392.23 2,334.32 (57.91)JM Agri & Infra Fund 4,637 4,721 10,434.35 10,731.28 21.77JM HI FI Fund 743 743 1,691.01 1,665.21 (25.79)JM Financial Services Sector Fund 832 832 2,641.25 2,628.74 (12.51)
Hedging position through Put Options as on 31st March, 2011 is Nil.
No hedging transaction through Put Options were transacted during the year ended 31st March, 2011.
Other than Hedging Position through Options as on 31st March, 2011 is Nil.
For the year ended 31st March, 2011 following are the non-hedging transactions through options which have been already exercised/expired
Scheme Name Total number of contracts entered into Gross notional value of contracts (Rs. In Lakhs) Net profit/(loss) value on all contracts (Rs. In Lakhs)JM Multi Strategy Fund 150 390.00 (5.25)JM Nifty Plus Fund 150 397.50 (1.96)JM Basic Fund 612 1,955.40 (37.82)JM Emerging Leaders Fund 125 500.00 (20.58)JM Tax Gain Fund 220 594.00 (2.95)JM Agri & Infra Fund 1306 3,401.20 (60.93)JM HI FI Fund 101 263.90 (4.75)
Hedging position through swaps as on 31st March, 2011 is Nil.
No hedging transaction through Swaps were transacted during the year ended 31st March, 2011.
34. Notional Value of exposure in Derivative products - Futures/Options - Long/(Short) at the end of the year 31st March, 2011: (Amount: Rs. In Lakhs)
59
Annual Report 2010-2011
2010-2011
JM Nifty Plus FundName of Scrip Type Quantity AmountNifty - APR2011 Equity Index Futures 3,600 210.91 JM Arbitrage Advantage FundName of Scrip Type Quantity AmountBGR Energy Systems Limited - APR2011 Equity Stock Futures (1,500) (7.22)SREI Infrastructure Finance Limited - APR2011 Equity Stock Futures (21,600) (9.68)Cipla Limited - APR2011 Equity Stock Futures (6,000) (19.46)Tulip Telecom Limited - APR2011 Equity Stock Futures (18,000) (25.45)Shree Renuka Sugars Limited - APR2011 Equity Stock Futures (44,000) (30.91)Rolta India Limited - APR2011 Equity Stock Futures (24,000) (33.60)GAIL (India) Limited - APR2011 Equity Stock Futures (7,500) (35.06)Orchid Chemicals & Pharmaceuticals Limited - APR2011 Equity Stock Futures (12,000) (36.41)Mercator Lines Limited - APR2011 Equity Stock Futures (100,000) (38.60)Central Bank of India - APR2011 Equity Stock Futures (28,224) (40.02)Mahanagar Telephone Nigam Limited - APR2011 Equity Stock Futures (128,000) (58.75)Bajaj Hindusthan Limited - APR2011 Equity Stock Futures (82,000) (58.92)Tata Global Beverages Limited - APR2011 Equity Stock Futures (72,000) (70.85)Shipping Corporation Of India Limited - APR2011 Equity Stock Futures (66,000) (71.61)K S Oils Limited - APR2011 Equity Stock Futures (280,000) (91.56)Bank of Baroda - APR2011 Equity Stock Futures (10,000) (97.19)Lanco Infratech Limited - APR2011 Equity Stock Futures (248,000) (99.08)IFCI Limited - APR2011 Equity Stock Futures (204,000) (108.43)Alok Industries Limited - APR2011 Equity Stock Futures (500,000) (111.75)ABG Shipyard Limited - APR2011 Equity Stock Futures (31,000) (112.98)Jain Irrigation Systems Limited - APR2011 Equity Stock Futures (66,250) (119.52)JSW Steel Limited - APR2011 Equity Stock Futures (13,750) (127.05)Reliance Infrastructure Limited - APR2011 Equity Stock Futures (19,000) (131.91)Sterling Biotech Limited - APR2011 Equity Stock Futures (152,000) (145.92)The India Cements Limited - APR2011 Equity Stock Futures (158,000) (152.47)Television Eighteen India Limited - APR2011 Equity Stock Futures (200,000) (155.60)Firstsource Solutions Limited - APR2011 Equity Stock Futures (1,096,000) (198.92)Ruchi Soya Industries Limited - APR2011 Equity Stock Futures (300,000) (319.50)Tata Teleservices (Maharashtra) Limited - APR2011 Equity Stock Futures (1,917,000) (330.68)Dena Bank - APR2011 Equity Stock Futures (356,000) (372.38)NHPC Limited - APR2011 Equity Stock Futures (1,560,000) (394.68)Pantaloon Retail (India) Limited - APR2011 Equity Stock Futures (162,500) (428.03)
2009-2010
JM Nifty Plus FundName of Scrip Type Quantity AmountNifty - APR2010 Equity Index Futures 7,000 368.31 JM Core 11 Fund - Series 1Name of Scrip Type Quantity AmountICICI Bank Ltd. - APR2010 Equity Stock Futures 30100 287.38JM Agri & Infra FundName of Scrip Type Quantity AmountLarsen & Toubro Ltd. - APR2010 Equity Stock Futures 16,800 275.03 Nifty - OPAPR2010PE4900 Equity Index Option 15,000 3.03 JM HI FI FundName of Scrip Type Quantity AmountNifty - OPAPR2010PE4900 Equity Index Option 1,000 0.20 JM Arbitrage Advantage FundName of Scrip Type Quantity AmountTech Mahindra Limited - APR2010 Equity Stock Futures (600) (5.15)Divi's Laboratories Limited - APR2010 Equity Stock Futures (1,240) (8.45)Apollo Tyres Limited - APR2010 Equity Stock Futures (23,800) (17.01)Rolta India Limited - APR2010 Equity Stock Futures (14,400) (25.92)Triveni Engineering & Industries Limited - APR2010 Equity Stock Futures (30,800) (42.35)
60
Annual Report 2010-2011
IDBI Bank Limited - APR2010 Equity Stock Futures (38,400) (44.33)Nagarjuna Fertilizers & Chemicals Limited - APR2010 Equity Stock Futures (157,500) (48.67)Larsen & Toubro Limited - APR2010 Equity Stock Futures (3,200) (52.39)Moser Baer India Limited - APR2010 Equity Stock Futures (74,250) (54.50)Reliance Power Limited - APR2010 Equity Stock Futures (40,000) (60.14)Chambal Fertilizers & Chemicals Limited - APR2010 Equity Stock Futures (103,500) (63.81)Jindal Steel & Power Limited - APR2010 Equity Stock Futures (9,600) (67.86)Bajaj Hindusthan Limited - APR2010 Equity Stock Futures (49,875) (68.13)Century Textile & Industries Limited - APR2010 Equity Stock Futures (16,960) (86.67)Kingfisher Airlines Limited - APR2010 Equity Stock Futures (195,500) (92.08)NTPC Limited - APR2010 Equity Stock Futures (45,500) (94.50)Mangalore Refinery & Petrochemicals Limited - APR2010 Equity Stock Futures (124,600) (95.44)DLF Limited - APR2010 Equity Stock Futures (32,000) (99.12)Sintex Industries Limited - APR2010 Equity Stock Futures (36,400) (107.20)ICSA (India) Limited - APR2010 Equity Stock Futures (94,800) (121.58)Jaiprakash Associates Limited - APR2010 Equity Stock Futures (82,712) (124.11)Mahanagar Telephone Nigam Limited - APR2010 Equity Stock Futures (188,800) (138.67)Shree Renuka Sugars Limited - APR2010 Equity Stock Futures (195,000) (139.72)GVK Power & Infrastructures Limited - APR2010 Equity Stock Futures (327,750) (147.49)Gujarat State Petronet Limited - APR2010 Equity Stock Futures (176,900) (155.58)Tata Consultancy Services Limited - APR2010 Equity Stock Futures (20,000) (157.14)Reliance Media World Limited - APR2010 Equity Stock Futures (79,800) (173.76)Cipla Limited - APR2010 Equity Stock Futures (55,000) (186.78)Cairn India Limited - APR2010 Equity Stock Futures (61,250) (187.88)Indian Oil Corporation Limited - APR2010 Equity Stock Futures (67,200) (199.99)Housing Development and Infrastructure Limited - APR2010 Equity Stock Futures (70,434) (202.36)Orchid Chemicals & Pharmaceuticals Limited - APR2010 Equity Stock Futures (132,300) (205.00)Punj Lloyd Limited - APR2010 Equity Stock Futures (121,500) (216.88)Indiabulls Real Estate Limited - APR2010 Equity Stock Futures (149,500) (228.96)Videocon Industries Limited - APR2010 Equity Stock Futures (101,626) (232.98)Praj Industries Limited - APR2010 Equity Stock Futures (277,200) (240.33)Reliance Communications Limited - APR2010 Equity Stock Futures (153,300) (262.14)Financial Technologies (India) Limited - APR2010 Equity Stock Futures (18,600) (293.10)Suzlon Energy Limited - APR2010 Equity Stock Futures (444,000) (321.23)India Cements Limited - APR2010 Equity Stock Futures (247,950) (328.53)Reliance Natural Resources Limited - APR2010 Equity Stock Futures (539,976) (338.56)Everest Kanto Cylinder Limited - APR2010 Equity Stock Futures (284,000) (346.91)Noida-Toll Bridge Co. Limited - APR2010 Equity Stock Futures (1,131,600) (372.86)Biocon Limited - APR2010 Equity Stock Futures (136,800) (392.00)Hindustan Petroleum Corporation Limited - APR2010 Equity Stock Futures (122,850) (392.01)Vijaya Bank - APR2010 Equity Stock Futures (883,200) (421.73)Television Eighteen India Limited - APR2010 Equity Stock Futures (571,225) (438.42)Reliance Infrastructure Limited - MAY2010 Equity Stock Futures (44,988) (452.44)Maruti Suzuki India Limited - APR2010 Equity Stock Futures (34,000) (483.75)Dish TV India Limited - APR2010 Equity Stock Futures (1,359,600) (501.01)Firstsource Solutions Limited - APR2010 Equity Stock Futures (2,042,500) (590.28)Dena Bank - APR2010 Equity Stock Futures (798,000) (629.22)CESC Limited - APR2010 Equity Stock Futures (165,000) (635.42)Yes Bank Limited - APR2010 Equity Stock Futures (248,600) (635.92)Tata Teleservices (Maharashtra) Limited - APR2010 Equity Stock Futures (2,737,900) (652.99)India Infoline Limited - APR2010 Equity Stock Futures (605,000) (695.45)Unitech Limited - APR2010 Equity Stock Futures (1,183,500) (873.42)GTL Infrastructure Limited - APR2010 Equity Stock Futures (2,323,150) (976.88)Ispat Industries Limited - APR2010 Equity Stock Futures (5,253,900) (1,027.14)Deccan Chronicle Holdings Limited - APR2010 Equity Stock Futures (680,000) (1,049.92)Bombay Rayon Fashions Limited - APR2010 Equity Stock Futures (495,650) (1,079.03)State Bank of India - APR2010 Equity Stock Futures (51,876) (1,083.02)Essar Oil Limited - APR2010 Equity Stock Futures (810,488) (1,127.79)Bharat Forge Limited - APR2010 Equity Stock Futures (542,000) (1,384.81)
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Annual Report 2010-2011
Balrampur Chini Mills Limited - APR2010 Equity Stock Futures (1,524,000) (1,405.89)IFCI Limited - APR2010 Equity Stock Futures (3,837,560) (1,926.46)Welspun Gujarat Stahl Rohren Limited - APR2010 Equity Stock Futures (726,400) (1,999.42)GTL Limited - APR2010 Equity Stock Futures (486,000) (2,002.56)Mphasis Limited - APR2010 Equity Stock Futures (393,600) (2,448.78)
2010-2011 2009-2010Amount (Rs. in Lakhs) % to Net Asset Amount (Rs. In Lakhs) % to Net Asset
Scheme Net Assets Long Short Long Short Net Assets Long Short Long ShortJM Nifty Plus Fund 1,211.17 210.91 - 17.41 - 1,309.87 368.31 - 28.12 - JM Core 11 Fund - Series 1 - - - - - 23,434.27 287.38 - 1.23 - JM Agri & Infra Fund - - - - - 14,995.44 278.06 - 1.85 - JM HI FI Fund - - - - - 1,194.37 0.20 - 0.02 - JM Arbitrage Advantage Fund 5,695.97 - 4,034.18 - 70.83 46,338.12 - 31,762.03 - 68.54
35. Investments of the schemes are registered in the name of the Trustees for the benefits of the scheme’s unit holders.
36. Investments in ADR/GDR – NIL.
37. Open position of Securities Borrowed and / or Lend by the scheme – NIL.
38. Net Asset Value (Rs. Per unit)
Scheme Option/Plan Face Value Per Unit (Rs.)
2010-2011 2009-2010NAV Per Unit (Rs.) NAV as on NAV Per Unit (Rs.) NAV as on
JM Equity Fund Dividend 10.0000 15.0269 31-Mar-11 14.2604 31-Mar-10JM Equity Fund Growth 10.0000 36.9164 31-Mar-11 35.0288 31-Mar-10JM Balanced Fund Dividend 10.0000 16.3669 31-Mar-11 15.3273 31-Mar-10JM Balanced Fund Growth 10.0000 22.9470 31-Mar-11 21.4906 31-Mar-10JM Multi Strategy Fund Dividend 10.0000 13.1159 31-Mar-11 13.3801 31-Mar-10JM Multi Strategy Fund Growth 10.0000 14.1029 31-Mar-11 14.3872 31-Mar-10JM Contra Fund Dividend 10.0000 5.1257 31-Mar-11 5.6019 31-Mar-10JM Contra Fund Growth 10.0000 5.1257 31-Mar-11 5.6019 31-Mar-10JM Nifty Plus Fund Dividend 10.0000 16.8634 31-Mar-11 15.2019 31-Mar-10JM Nifty Plus Fund Growth 10.0000 18.5167 31-Mar-11 16.6982 31-Mar-10JM Small & Mid-cap Fund Dividend 10.0000 4.8446 31-Mar-11 5.7025 31-Mar-10JM Small & Mid-cap Fund Growth 10.0000 4.8446 31-Mar-11 5.7025 31-Mar-10JM Mid Cap Fund Dividend 10.0000 15.9338 31-Mar-11 17.2123 31-Mar-10JM Mid Cap Fund Growth 10.0000 23.2555 31-Mar-11 25.1219 31-Mar-10JM Large Cap Fund Dividend 10.0000 14.2396 31-Mar-11 12.7111 31-Mar-10JM Large Cap Fund Growth 10.0000 19.3645 31-Mar-11 17.2857 31-Mar-10JM Basic Fund Dividend 10.0000 9.5423 31-Mar-11 12.7014 31-Mar-10JM Basic Fund Growth 10.0000 13.6663 31-Mar-11 18.1915 31-Mar-10JM Emerging Leaders Fund Dividend 10.0000 7.2360 31-Mar-11 7.8624 31-Mar-10JM Emerging Leaders Fund Growth 10.0000 7.2203 31-Mar-11 7.8454 31-Mar-10JM Core 11 Fund – Series 1 Dividend 10.0000 3.9230 31-Mar-11 4.4557 31-Mar-10JM Core 11 Fund – Series 1 Growth 10.0000 3.9230 31-Mar-11 4.4557 31-Mar-10JM Telecom Sector Fund Dividend 10.0000 7.3724 31-Mar-11 7.9318 31-Mar-10JM Telecom Sector Fund Growth 10.0000 7.3724 31-Mar-11 7.9319 31-Mar-10JM Tax Gain Fund Dividend 10.0000 7.0588 31-Mar-11 7.0712 31-Mar-10JM Tax Gain Fund Growth 10.0000 7.0588 31-Mar-11 7.0712 31-Mar-10JM Agri & Infra Fund Dividend 10.0000 2.4612 31-Mar-11 2.9554 31-Mar-10JM Agri & Infra Fund Growth 10.0000 2.4612 31-Mar-11 2.9554 31-Mar-10JM HI FI Fund Dividend 10.0000 5.0526 31-Mar-11 5.4755 31-Mar-10JM HI FI Fund Growth 10.0000 5.0526 31-Mar-11 5.4756 31-Mar-10JM Financial Services Sector Fund Dividend 10.0000 10.0919 31-Mar-11 8.9399 31-Mar-10JM Financial Services Sector Fund Growth 10.0000 10.0919 31-Mar-11 8.9403 31-Mar-10JM High Liquidity Fund Growth 10.0000 26.7560 31-Mar-11 25.1001 31-Mar-10JM High Liquidity Fund Bonus 10.0000 14.0506 31-Mar-11 13.1810 31-Mar-10JM High Liquidity Fund Institutional Dividend 10.0000 10.5616 31-Mar-11 10.4612 31-Mar-10JM High Liquidity Fund Institutional Growth 10.0000 16.1428 31-Mar-11 15.1447 31-Mar-10JM High Liquidity Fund Super Institutional Daily Dividend 10.0000 10.0165 31-Mar-11 10.0165 31-Mar-10JM High Liquidity Fund Dividend 10.0000 10.8071 31-Mar-11 10.7047 31-Mar-10JM High Liquidity Fund Daily Dividend 10.0000 10.4302 31-Mar-11 10.4302 31-Mar-10
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Annual Report 2010-2011
JM High Liquidity Fund Super Institutional Growth 10.0000 15.3494 31-Mar-11 14.3993 31-Mar-10JM High Liquidity Fund Institutional Daily Dividend 10.0000 10.0159 31-Mar-11 10.0159 31-Mar-10JM High Liquidity Fund Quarterly Dividend 10.0000 15.1441 31-Mar-11 14.2063 31-Mar-10JM High Liquidity Fund Super Institutional Weekly Dividend 10.0000 10.0000 31-Mar-11 10.0000 31-Mar-10JM Money Manager Fund - Super Plus Plan Daily Dividend 10.0000 10.0053 31-Mar-11 10.0053 31-Mar-10JM Money Manager Fund - Super Plus Plan Weekly Dividend 10.0000 10.4273 31-Mar-11 10.3301 31-Mar-10JM Money Manager Fund - Super Plus Plan Fortnightly Dividend 10.0000 10.2371 31-Mar-11 10.1864 31-Mar-10JM Money Manager Fund - Super Plus Plan Growth 10.0000 13.8213 31-Mar-11 12.9844 31-Mar-10JM Money Manager Fund - Super Plan Daily Dividend 10.0000 10.0118 31-Mar-11 10.0118 31-Mar-10JM Money Manager Fund - Super Plan Weekly Dividend 10.0000 10.4235 31-Mar-11 10.3135 31-Mar-10JM Money Manager Fund - Super Plan Fortnightly Dividend 10.0000 10.1831 31-Mar-11 10.1293 31-Mar-10JM Money Manager Fund - Super Plan Growth 10.0000 13.8695 31-Mar-11 12.9302 31-Mar-10JM Money Manager Fund - Regular Plan Daily Dividend 10.0000 10.0112 31-Mar-11 10.0112 31-Mar-10JM Money Manager Fund - Regular Plan Weekly Dividend 10.0000 10.3926 31-Mar-11 10.2888 31-Mar-10JM Money Manager Fund - Regular Plan Fortnightly Dividend 10.0000 10.1334 31-Mar-11 10.0796 31-Mar-10JM Money Manager Fund - Regular Plan Growth 10.0000 13.4680 31-Mar-11 12.5770 31-Mar-10JM Floater Fund- Long Term Plan Premium Dividend 10.0000 10.2809 31-Mar-11 10.2267 31-Mar-10JM Floater Fund- Long Term Plan Premium Growth 10.0000 14.8358 31-Mar-11 13.9639 31-Mar-10JM Floater Fund- Long Term Plan Regular Dividend 10.0000 15.4470 31-Mar-11 14.5549 31-Mar-10JM Floater Fund- Long Term Plan Regular Growth 10.0000 15.3943 31-Mar-11 14.5053 31-Mar-10JM Floater Fund- Long Term Plan Premium Daily Dividend 10.0000 10.0031 31-Mar-11 10.0031 31-Mar-10JM Floater Fund- Long Term Plan Premium Weekly Dividend 10.0000 10.4118 31-Mar-11 10.3135 31-Mar-10JM Floater Fund- Long Term Plan Regular Daily Dividend 10.0000 10.0031 31-Mar-11 10.0031 31-Mar-10JM Floater Fund- Long Term Plan Regular Weekly Dividend 10.0000 10.3795 31-Mar-11 10.2831 31-Mar-10JM Floater Fund - Short Term Plan Dividend 10.0000 10.0883 31-Mar-11 10.0883 31-Mar-10JM Floater Fund - Short Term Plan Growth 10.0000 15.6841 31-Mar-11 14.8176 31-Mar-10JM MIP Fund Monthly Dividend 10.0000 10.1818 31-Mar-11 10.2669 31-Mar-10JM MIP Fund Quarterly Dividend 10.0000 11.5148 31-Mar-11 11.1098 31-Mar-10JM MIP Fund Annual Dividend 10.0000 12.2766 31-Mar-11 11.8448 31-Mar-10JM MIP Fund Growth 10.0000 15.2817 31-Mar-11 14.7442 31-Mar-10JM Interval Fund - Quarterly Plan 1 Dividend 10.0000 10.0244 31-Mar-11 10.0074 31-Mar-10JM Interval Fund - Quarterly Plan 1 Growth 10.0000 12.4714 31-Mar-11 11.6908 31-Mar-10JM Interval Fund - Quarterly Plan 1 Institutional Dividend 10.0000 10.0251 31-Mar-11 10.0000 31-Mar-10JM Interval Fund - Quarterly Plan 1 Institutional Growth 10.0000 12.6039 31-Mar-11 11.7763 31-Mar-10JM Fixed Maturity Fund Series XIX - Plan A Dividend 10.0000 10.1741 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan A Growth 10.0000 10.1741 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan B Dividend 10.0000 10.0027 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan B Growth 10.0000 10.0983 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan C Dividend 10.0000 10.0899 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan C Growth 10.0000 10.0899 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan D Dividend 10.0000 10.1459 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan D Growth 10.0000 10.1459 31-Mar-11 JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 Dividend 10.0000 10.8272 31-Mar-11 10.0495 31-Mar-10JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 Growth 10.0000 10.8273 31-Mar-11 10.0494 31-Mar-10JM Income Fund Bonus 10.0000 12.0352 31-Mar-11 11.5479 31-Mar-10JM Income Fund Dividend 10.0000 10.4079 31-Mar-11 9.9865 31-Mar-10JM Income Fund Growth 10.0000 29.4180 31-Mar-11 28.2268 31-Mar-10JM Short Term Fund Institutional Dividend 10.0000 10.4507 31-Mar-11 10.3926 31-Mar-10JM Short Term Fund Institutional Growth 10.0000 13.8788 31-Mar-11 12.9657 31-Mar-10JM Short Term Fund Dividend 10.0000 11.5139 31-Mar-11 11.4531 31-Mar-10JM Short Term Fund Growth 10.0000 19.2028 31-Mar-11 18.0032 31-Mar-10JM Short Term Fund Regular Plan Daily Dividend 10.0000 10.0000 31-Mar-11JM Short Term Fund Institutional Plan Daily Dividend 10.0000 10.000 31-Mar-11JM G-sec Fund - Regular Plan Growth 10.0000 31.0662 31-Mar-11 29.7990 31-Mar-10JM G-sec Fund - Regular Plan Principal 10.0000 15.1078 31-Mar-11 14.4915 31-Mar-10JM G-sec Fund - Regular Plan Bonus 10.0000 15.1078 31-Mar-11 14.4915 31-Mar-10JM G-sec Fund - Regular Plan Dividend 10.0000 14.5936 31-Mar-11 14.2437 31-Mar-10JM Arbitrage Advantage Fund Dividend 10.0000 10.2094 31-Mar-11 10.0889 31-Mar-10JM Arbitrage Advantage Fund Growth 10.0000 13.8009 31-Mar-11 12.9240 31-Mar-10JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Dividend 10.0000 10.0000 26-Apr-10 10.4072 31-Mar-10
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Annual Report 2010-2011
JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Growth 10.0000 11.5980 26-Apr-10 11.5275 31-Mar-10JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Institutional Dividend 10.0000 10.0000 26-Apr-10 10.4356 31-Mar-10JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Institutional Growth 10.0000 11.7198 26-Apr-10 11.6456 31-Mar-10JM Interval Fund - Quarterly Plan 2* Dividend 10.0000 10.0004 06-Apr-10 10.0596 31-Mar-10JM Interval Fund - Quarterly Plan 2* Growth 10.0000 11.7267 06-Apr-10 11.7203 31-Mar-10JM Interval Fund - Quarterly Plan 2* Institutional Dividend 10.0000 10.0005 06-Apr-10 10.0655 31-Mar-10JM Interval Fund - Quarterly Plan 2* Institutional Growth 10.0000 10.0000 06-Apr-10 10.0000 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Dividend 10.0000 10.0000 15-Nov-11 10.2584 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Growth 10.0000 10.7118 15-Nov-11 10.2584 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Institutional Dividend 10.0000 10.0000 15-Nov-11 10.2688 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Institutional Growth 10.0000 10.7394 15-Nov-11 10.2688 31-Mar-10
* These are closed schemes/plans, therefore NAV per unit has been given as on the closing date of closed schemes/plans.
39. Non Traded Investments exceeding 5% of Net Asset Valueas on March 31, 2011.
The aggregate fair value of non traded/ thinly traded investments and fair value of non traded/ thinly traded investments individually exceeding 5% of the Net Asset Value at the end of the year is as follows: (Amount : Rs. in Lakhs)
2010-2011 2009-2010Aggregate Value Individually
Exceeding 5%Net Asset
ValueAggregate Value Individually Exceed-
ing 5%Net Asset
ValueScheme Amount % Amount % Amount % Amount % Amount %JM Balanced Fund 235.21 20.97 227.42 20.28 1,121.67 380.00 19.74 380.00 19.74 1,925.29JM Nifty Plus Fund 0.21 0.02 - - 1,211.17 - - - - -JM Agri & Infra Fund - - - - - 17.25 0.12 - - 14,995.44JM High Liquidity Fund 53,267.16 98.23 45,902.89 84.65 54,225.85 146,730.21 114.21 86,372.24 67.23 128,473.64JM Money Manager Fund - Super Plus Plan 39,339.93 96.65 34,199.66 84.02 40,702.92 224,311.77 91.31 79,491.08 32.36 245,650.48JM Money Manager Fund - Super Plan 15,227.80 99.19 14,906.90 97.10 15,351.91 13,998.46 99.69 13,819.92 98.42 14,041.47JM Money Manager Fund - Regular Plan 12,846.30 99.26 12,442.05 96.14 12,942.25 11,960.66 99.80 9,276.14 77.40 11,984.48JM Floater Fund- Long Term Plan 197.07 21.58 197.07 21.58 913.38 130.06 73.08 130.06 73.08 177.96JM Floater Fund - Short Term Plan 58.87 24.72 58.87 24.72 238.19 440.04 60.89 440.04 60.89 722.72JM MIP Fund 544.62 82.22 528.00 79.71 662.40 726.03 82.37 726.03 82.37 881.44JM Interval Fund - Quarterly Plan 1 2,743.83 98.47 2,743.83 98.47 2,786.44 - - - - 16.16JM Fixed Maturity Fund Series XIX - Plan A 11,038.57 99.88 11,038.57 99.88 11,051.35 - - - - - JM Fixed Maturity Fund Series XIX - Plan B 4,732.07 100.02 4,732.07 100.02 4,731.34 - - - - - JM Fixed Maturity Fund Series XIX - Plan C 6,876.39 99.91 6,876.39 99.91 6,882.63 - - - - - JM Fixed Maturity Fund Series XIX - Plan D 5,201.21 95.20 5,201.21 95.20 5,463.52 - - - - - JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1
2,361.46 99.85 2,262.89 95.69 2,364.93 2,176.50 99.16 2,176.50 99.16 2,195.04
JM Income Fund 575.18 49.28 562.00 48.15 1,167.22 1,040.21 74.83 1,026.42 73.83 1,390.17JM Short Term Fund 25,523.93 99.30 21,101.58 82.10 25,702.57 1,383.04 78.38 1,327.91 75.25 1,764.59JM Arbitrage Advantage Fund - - - - - 4,141.90 8.94 - - 46,338.12JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 - - - - - 923.29 67.18 923.29 67.18 1,374.28JM Interval Fund - Quarterly Plan 2 - - - - - - - - - 44.32JM Fixed Maturity Fund Series XVI - Yearly Plan - - - - - 4,474.84 99.32 4,474.84 99.32 4,505.35
40. After the balance sheet date, JM Agri & Infra Fund and JM HI FI Fund have been merged into JM Basic Fund, JM Financial Services Sector Fund, JM Telecom Sector Fund and JM Large Cap Fund have been merged into JM Equity Fund, and JM Contra Fund, JM Mid Cap Fund and JM Small & Mid-cap Fund have been merged into JM Multistrategy Fund w.e.f. 1st April, 2011.
41. After the balance sheet date, the scheme name of JM Core 11 Fund - Series 1 has been renamed as JM Core 11 Fund w.e.f. 1st April, 2011.
42. Shares pending registration/under objection.
The values for following have been provided for in the accounts in earlier years.
Company Scheme 2010-2011 2009-2010Quantity Amount (Rs. In Lakhs) Quantity Amount (Rs. In Lakhs)
Reliance Industries Ltd JM Equity Fund 856 1.57 856 1.57JM Balanced Fund 175 0.32 175 0.32
JM Basic Fund 12,492 18.57 12,492 18.57Hindustan Unilever Ltd. JM Equity Fund 4,110 4.19 4,110 4.19
43. The value for following Non Performing assets have been written off in the accounts in earlier years and are carried at nominal value.
CompanyType of Security
Scheme 2010-2011 2009-2010Quantity Amount (Rs. In Lakhs) Quantity Amount (Rs. In Lakhs)
Flora Textiles Ltd. Equity Shares JM Equity Fund 1,95,000 0.02 1,95,000 0.02 JM Balanced Fund 60,000 0.01 60,000 0.01
HMG Industries Ltd. Debentures JM Balanced Fund 45,000 0.00 # 45,000 0.00 # JM Income Fund 5,000 0.00 # 5,000 0.00 #
# Less than Rs. One thousand.
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Annual Report 2010-2011
JM EQUITY FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Mar-
ket Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeInfosys Technologies Limited Software 7,418 240.44 8.43 8.37 Reliance Industries Limited Petroleum Products 21,575 226.34 7.94 7.88 ICICI Bank Limited Banks 16,270 181.61 6.36 6.32 HDFC Bank Limited Banks 7,650 179.46 6.28 6.25 ITC Limited Consumer Non
Durables 96,950 176.55 6.18 6.15
Larsen & Toubro Limited Construction Project 10,130 167.34 5.86 5.83 State Bank of India Banks 5,465 151.12 5.29 5.26 Mahindra & Mahindra Limited Auto 18,735 131.21 4.59 4.57 Tata Consultancy Services Limited Software 9,500 112.47 3.94 3.92 Axis Bank Limited Banks 7,500 105.29 3.69 3.67 Cairn India Limited Oil 28,350 99.49 3.48 3.46 Bajaj Auto Limited Auto 6,297 92.14 3.23 3.21 Jindal Steel & Power Limited Ferrous Metals 12,655 88.24 3.09 3.07 Tata Steel Limited Ferrous Metals 13,900 86.49 3.03 3.01 Bharti Airtel Limited Telecom - Services 24,000 85.78 3.00 2.99 Wipro Limited Software 17,501 84.04 2.94 2.93 Bharat Heavy Electricals Limited Industrial Capital
Goods 3,925 80.96 2.83 2.82
Tata Motors Limited Auto 6,150 76.77 2.69 2.67 Tata Power Company Limited Power 5,000 66.76 2.34 2.32 Housing Development Finance Corporation Limited - Warrants
Finance 44,120 66.38 2.32 2.31
Reliance Infrastructure Limited Power 9,400 64.86 2.27 2.26 Eicher Motors Limited Auto 4,745 63.79 2.23 2.22 Grasim Industries Limited Textile Products 2,435 59.83 2.09 2.08 Sterlite Industries ( India ) Limited Non - Ferrous
Metals 33,800 58.71 2.06 2.04
Hindalco Industries Limited Non - Ferrous Metals
26,100 54.59 1.91 1.90
Punjab National Bank Banks 2,390 28.98 1.01 1.01 McDowell Holdings Limited Finance 4,000 4.36 0.15 0.15 Hindustan Unilever Limited * Consumer Non
Durables 4,110 4.19 0.15 0.15
Reliance Industries Limited * Petroleum Products 856 1.57 0.05 0.05 Flora Textiles Limited * N.A. 195,000 0.02 0.00^ 0.00^ Less: Provision (5.78) (0.20) (0.20)Sub Total: 2,834.00 99.23 98.67 (Cost : 2461.54)b) Unlisted NIL NIL NIL Total: 2,834.00 99.23 98.67(Cost : 2461.54)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 38.34 1.34 1.33
Sub Total: 38.34 1.34 1.33 (Cost : 38.34)Total: 2,872.34 100.57 100.00 (Cost : 2499.88)Net Current Assets (16.38) (0.57)Net Assets 2,855.96 100.00
* NPA , ^ Less than 0.01%
JM BALANCED FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATED
a) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum
Products 8,125 85.24 7.59 7.63
Larsen & Toubro Limited Construction Project
4,610 76.15 6.79 6.82
ITC Limited Consumer Non Durables
40,000 72.84 6.49 6.52
Infosys Technologies Limited Software 2,215 71.79 6.40 6.43 Bharat Heavy Electricals Limited Industrial Capital
Goods 3,355 69.20 6.17 6.20
Eicher Motors Limited Auto 4,750 63.85 5.69 5.72 Sterlite Industries ( India ) Limited
Non - Ferrous Metals
32,000 55.58 4.96 4.98
Bajaj Auto Limited Auto 3,615 52.90 4.72 4.74 Housing Development Finance Corporation Limited - Warrants
Finance 33,300 50.10 4.47 4.49
ACC Limited Cement 4,100 44.06 3.93 3.95 Mahindra & Mahindra Limited Auto 5,625 39.39 3.51 3.53 Hindalco Industries Limited Non - Ferrous
Metals 18,000 37.65 3.36 3.37
Tata Steel Limited Ferrous Metals 5,050 31.42 2.80 2.81 ICICI Bank Limited Banks 1,731 19.32 1.72 1.73 Punjab National Bank Banks 185 2.24 0.20 0.20 Reliance Industries Limited * Petroleum
Products 175 0.32 0.03 0.03
Flora Textiles Limited * N.A. 60,000 0.01 0.00^ 0.00^
Less: Provision (0.33) (0.03) (0.03)
Sub Total: 771.73 68.80 69.12 (Cost : 692.99)b) Unlisted NIL NIL NIL Total: 771.73 68.80 69.12(Cost : 692.99)DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 23 227.42 20.28 20.37
Dr. Reddy's Laboratories Limited **
LAA+ 156,930 7.78 0.69 0.70
Sub Total: 235.20 20.97 21.07 (Cost : 237.78)b) Privately Placed / UnlistedHMG Industries Ltd. * - 45,000 0.00$ 0.00^ 0.00^ Sub Total: 0.00$ 0.00^ 0.00^ (Cost : 0.00$)Total: 235.20 20.97 21.07 (Cost : 237.78)MONEY MARKET INSTRU-MENTSCollateralised Borrowing & Lending Obligation
- 109.55 9.77 9.81
Sub Total: 109.55 9.77 9.81 (Cost : 109.55)Total: 1,116.48 99.54 100.00 (Cost : 1040.32)Net Current Assets 5.19 0.46 Net Assets 1,121.67 100.00
*NPA, ** Thinly/Non Traded., ^Less than 0.01%, $ Less than Rs.1,00,000/-
JM MULTI sTRATEGY FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock Exchange
ANNExURE 1 - sTATEMENT OF PORTFOLIO HOLDING As ON 31.03.2011
65
Annual Report 2010-2011
Reliance Industries Limited Petroleum Products 12,950 135.86 6.30 6.17 Tata Motors Limited Auto 9,375 117.03 5.44 5.33 Infosys Technologies Limited Software 3,559 115.36 5.36 5.25 Larsen & Toubro Limited Construction Project 6,600 109.03 5.07 4.96 Housing Development Finance Corporation Limited - Warrants
Finance 71,870 108.13 5.02 4.92
Tata Consultancy Services Limited
Software 7,600 89.98 4.18 4.10
Nestle India Limited Consumer Non Durables
2,235 82.62 3.84 3.76
Eicher Motors Limited Auto 5,606 75.36 3.50 3.43 Axis Bank Limited Banks 5,148 72.27 3.36 3.29 HDFC Bank Limited Banks 2,900 68.03 3.16 3.10 Bank of Baroda Banks 6,800 65.61 3.05 2.99 Bharat Heavy Electricals Limited Industrial Capital
Goods 3,155 65.08 3.02 2.96
Bajaj Electricals Limited Consumer Durables 27,248 63.90 2.97 2.91 Tata Steel Limited Ferrous Metals 9,947 61.90 2.88 2.82 ICICI Bank Limited Banks 5,245 58.54 2.72 2.66 State Bank of India Banks 2,090 57.79 2.68 2.63
ACC Limited Cement 5,250 56.41 2.62 2.57
Mahindra & Mahindra Financial Services Limited
Finance 7,100 55.11 2.56 2.51
JSW Steel Limited Ferrous Metals 5,925 54.29 2.52 2.47
Hindalco Industries Limited Non - Ferrous Metals 25,400 53.12 2.47 2.42
Oil & Natural Gas Corporation Limited
Oil 16,500 48.06 2.23 2.19
Bajaj Auto Limited Auto 3,190 46.68 2.17 2.12
Bharti Airtel Limited Telecom - Services 13,000 46.46 2.16 2.11
LIC Housing Finance Limited Finance 20,400 46.12 2.14 2.10
Mahindra & Mahindra Limited Auto 6,400 44.82 2.08 2.04
Hindustan Petroleum Corporation Limited
Petroleum Products 12,350 44.03 2.05 2.00
Power Finance Corporation Limited
Finance 17,595 43.98 2.04 2.00
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 24,800 43.08 2.00 1.96
Wipro Limited Software 8,900 42.74 1.99 1.95 Cairn India Limited Oil 12,000 42.11 1.96 1.92 PTC India Limited Power 50,250 41.91 1.95 1.91 Dr. Reddy's Laboratories Limited Pharmaceuticals 2,480 40.65 1.89 1.85 Asian Paints Limited Consumer Non
Durables 1,600 40.41 1.88 1.84
Satyam Computer Services Limited
Software 61,200 40.21 1.87 1.83
Sub Total: 2,176.68 101.13 99.07 (Cost : 2003.57)b) Unlisted NIL NIL NIL Total: 2,176.68 101.13 99.07(Cost : 2003.57)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 20.51 0.95 0.93
Sub Total: 20.51 0.95 0.93 (Cost : 20.51)Total: 2,197.19 102.08 100.00 (Cost : 2024.08)Net Current Assets (44.83) (2.08)Net Assets 2,152.36 100.00
JM CONTRA FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock Exchange
Reliance Industries Limited Petroleum Products 90,430 948.70 6.96 6.66 Tata Motors Limited Auto 62,550 780.84 5.73 5.48 Larsen & Toubro Limited Construction Project 45,950 759.05 5.58 5.34 Infosys Technologies Limited Software 22,950 743.88 5.47 5.23 Housing Development Finance Corporation Limited - Warrants
Finance 468,235 704.46 5.18 4.95
Tata Consultancy Services Limited
Software 51,800 613.26 4.51 4.31
Eicher Motors Limited Auto 39,383 529.43 3.89 3.72 Grasim Industries Limited Textile Products 19,836 487.35 3.58 3.42 Standard Chartered Bank PLC IDR
Banks 419,412 471.63 3.47 3.31
Axis Bank Limited Banks 33,259 466.91 3.43 3.28 Bharat Heavy Electricals Limited
Industrial Capital Goods
21,150 436.25 3.21 3.06
Tata Steel Limited Ferrous Metals 69,850 434.64 3.19 3.05 Bajaj Electricals Limited Consumer Durables 183,723 430.83 3.17 3.03 ICICI Bank Limited Banks 34,500 385.09 2.83 2.70 Hindalco Industries Limited Non - Ferrous Metals 165,000 345.10 2.54 2.42 LIC Housing Finance Limited Finance 144,160 325.95 2.40 2.29
Bajaj Auto Limited Auto 21,520 314.89 2.31 2.21
Mahindra & Mahindra Limited Auto 44,300 310.26 2.28 2.18
Bharti Airtel Limited Telecom - Services 86,000 307.36 2.26 2.16
Bank of Baroda Banks 31,700 305.86 2.25 2.15
Wipro Limited Software 63,200 303.49 2.23 2.13
State Bank of India Banks 10,950 302.80 2.23 2.13
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 172,500 299.63 2.20 2.10
Cairn India Limited Oil 83,800 294.10 2.16 2.07
Dr. Reddy's Laboratories Limited
Pharmaceuticals 17,800 291.75 2.14 2.05
Nestle India Limited Consumer Non Durables
7,873 291.03 2.14 2.04
Mahindra & Mahindra Financial Services Limited
Finance 36,800 285.64 2.10 2.01
Action Construction Equipment Limited
Industrial Capital Goods
613,481 264.41 1.94 1.86
Asian Paints Limited Consumer Non Durables
10,200 257.63 1.89 1.81
Simplex Projects Limited Construction 127,600 181.83 1.34 1.28 Sanghvi Movers Limited Industrial Capital
Goods 130,096 148.44 1.09 1.04
Claris Lifesciences Limited Pharmaceuticals 82,850 144.49 1.06 1.01 HDFC Bank Limited Banks 1,360 31.90 0.23 0.22 Sub Total: 13,198.88 96.99 92.70 (Cost : 11737.91)b) Unlisted NIL NIL NIL Total: 13,198.88 96.99 92.70(Cost : 11737.91)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 1,038.99 7.63 7.30
Sub Total: 1,038.99 7.63 7.30 (Cost : 1038.99)Total: 14,237.87 104.62 100.00 (Cost : 12776.90)Net Current Assets (629.13) (4.62)Net Assets 13,608.74 100.00
JM NIFTY PLUs FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 9,633 101.06 8.33 8.77
66
Annual Report 2010-2011
Infosys Technologies Limited Software 2,741 88.84 7.34 7.70 ICICI Bank Limited Banks 6,547 73.08 6.03 6.34 ITC Limited Consumer Non
Durables 30,157 54.92 4.53 4.76
Housing Development Finance Corporation Limited
Finance 7,383 51.77 4.27 4.49
Larsen & Toubro Limited Construction Project 3,038 50.18 4.14 4.36 HDFC Bank Limited Banks 2,024 47.48 3.92 4.12 State Bank of India Banks 1,466 40.54 3.35 3.52 Tata Consultancy Services Limited
Software 2,888 34.19 2.82 2.97
Tata Motors Limited Auto 1,988 24.82 2.05 2.16 Bharti Airtel Limited Telecom - Services 6,867 24.54 2.03 2.13 Tata Steel Limited Ferrous Metals 3,739 23.27 1.92 2.02 Oil & Natural Gas Corporation Limited
Oil 7,672 22.35 1.85 1.94
Axis Bank Limited Banks 1,461 20.51 1.69 1.78 Mahindra & Mahindra Limited Auto 2,696 18.88 1.56 1.64 Bharat Heavy Electricals Limited
Industrial Capital Goods
898 18.52 1.53 1.61
Hindustan Unilever Limited Consumer Non Durables
5,927 17.02 1.41 1.48
Jindal Steel & Power Limited Ferrous Metals 2,208 15.40 1.27 1.34
Hindalco Industries Limited Non - Ferrous Metals 7,307 15.28 1.26 1.33
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 8,082 14.04 1.16 1.22
NTPC Limited Power 7,267 14.03 1.16 1.22
Wipro Limited Software 2,878 13.82 1.14 1.20
Tata Power Company Limited Power 920 12.28 1.01 1.07
GAIL (India) Limited Gas 2,554 11.85 0.98 1.03
Dr. Reddy's Laboratories Limited
Pharmaceuticals 715 11.72 0.97 1.02
Bajaj Auto Limited Auto 769 11.25 0.93 0.98
Maruti Suzuki India Limited Auto 752 9.49 0.78 0.82 Sun Pharmaceuticals Industries Limited
Pharmaceuticals 2,138 9.46 0.78 0.82
Infrastructure Development Finance Company Limited
Finance 6,039 9.34 0.77 0.81
Cipla Limited Pharmaceuticals 2,885 9.28 0.77 0.81 Kotak Mahindra Bank Limited Banks 2,009 9.20 0.76 0.80 Punjab National Bank Banks 757 9.18 0.76 0.80 Grasim Industries Limited Textile Products 361 8.87 0.73 0.77 Cairn India Limited Oil 2,469 8.66 0.72 0.75 Hero Honda Motors Limited Auto 543 8.63 0.71 0.75 Power Grid Corporation of India Limited
Power 8,050 8.20 0.68 0.71
Siemens Limited Industrial Capital Goods
860 7.58 0.63 0.66
Ambuja Cements Limited Cement 4,676 6.89 0.57 0.60 HCL Technologies Limited Software 1,370 6.55 0.54 0.57 Sesa Goa Limited Minerals/Mining 2,164 6.30 0.52 0.55 Jaiprakash Associates Limited Construction 6,533 6.06 0.50 0.53 ACC Limited Cement 553 5.94 0.49 0.52 Steel Authority of India Limited Ferrous Metals 3,331 5.65 0.47 0.49 DLF Limited Construction 2,062 5.54 0.46 0.48 Reliance Infrastructure Limited Power 795 5.49 0.45 0.48 Bharat Petroleum Corporation Limited
Petroleum Products 734 4.49 0.37 0.39
Reliance Power Limited Power 3,122 4.07 0.34 0.35 Reliance Communications Limited
Telecom - Services 3,772 4.06 0.34 0.35
Ranbaxy Laboratories Limited Pharmaceuticals 867 3.86 0.32 0.34 Reliance Capital Limited Finance 641 3.74 0.31 0.32 Sub Total: 998.17 82.42 86.67 (Cost : 694.28)b) Unlisted NIL NIL NIL Total: 998.17 82.42 86.67(Cost : 694.28)DEBT INSTRUMENTS
a) Listed/Awaiting Listing On Stock ExchangeDr. Reddy's Laboratories Limited **
LAA+ 4,290 0.21 0.02 0.02
Sub Total: 0.21 0.02 0.02 (Cost : 0.00$)b) Privately Placed / Unlisted
NIL NIL NIL
Total: 0.21 0.02 0.02 (Cost : 0.00$)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 153.27 12.65 13.31
Sub Total: 153.27 12.65 13.31 (Cost : 153.27)Total: 1,151.65 95.09 100.00 (Cost : 847.55)Net Current AssetsCash & Bank Balances 0.01 0.00^Margin Money placed in Cash (Futures & Options)
60.00 4.95
Other Net Current Assets (0.49) (0.04)Total 59.52 4.91 Net Assets 1,211.17 100.00
** Thinly Traded/ Non Traded, ^ Less than 0.01 %, $ Less than Rs.1,00,000/-
JM sMALL & MID-CAP FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 23,750 249.16 6.21 6.14 Tata Motors Limited Auto 17,250 215.34 5.36 5.30 Larsen & Toubro Limited Construction Project 12,450 205.66 5.12 5.06 Infosys Technologies Limited Software 6,270 203.23 5.06 5.00 Action Construction Equipment Limited
Industrial Capital Goods
451,682 194.67 4.84 4.79
Eicher Motors Limited Auto 13,530 181.88 4.53 4.48 Cairn India Limited Oil 51,600 181.09 4.51 4.46 Tata Consultancy Services Limited
Software 14,000 165.75 4.12 4.08
Axis Bank Limited Banks 9,250 129.86 3.23 3.20 HDFC Bank Limited Banks 5,350 125.50 3.12 3.09 Bajaj Electricals Limited Consumer Durables 52,200 122.41 3.05 3.01 Tata Steel Limited Ferrous Metals 19,500 121.34 3.02 2.99 Bharat Heavy Electricals Limited
Industrial Capital Goods
5,825 120.15 2.99 2.96
JSW Steel Limited Ferrous Metals 13,000 119.12 2.96 2.93 ICICI Bank Limited Banks 9,900 110.50 2.75 2.72 ACC Limited Cement 9,800 105.31 2.62 2.59
Hindalco Industries Limited Non - Ferrous Metals 47,500 99.35 2.47 2.45
LIC Housing Finance Limited Finance 39,340 88.95 2.21 2.19
Bharti Airtel Limited Telecom - Services 24,000 85.78 2.13 2.11
Wipro Limited Software 17,850 85.72 2.13 2.11
Bank of Baroda Banks 8,835 85.24 2.12 2.10
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 48,400 84.07 2.09 2.07
Mahindra & Mahindra Limited Auto 12,000 84.04 2.09 2.07
Bajaj Auto Limited Auto 5,700 83.41 2.08 2.05
State Bank of India Banks 3,000 82.96 2.06 2.04
Dr. Reddy's Laboratories Limited
Pharmaceuticals 4,975 81.54 2.03 2.01
Asian Paints Limited Consumer Non Durables
3,150 79.56 1.98 1.96
67
Annual Report 2010-2011
Nestle India Limited Consumer Non Durables
1,839 67.98 1.69 1.67
Simplex Projects Limited Construction 44,613 63.57 1.58 1.56 Sub Total: 3,623.14 90.15 89.19 (Cost : 3431.47)b) Unlisted NIL NIL NIL Total: 3,623.14 90.15 89.19(Cost : 3431.47)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 439.12 10.93 10.81
Sub Total: 439.12 10.93 10.81 (Cost : 439.12)Total: 4,062.26 101.08 100.00 (Cost : 3870.59)Net Current Assets (43.46) (1.08)Net Assets 4,018.80 100.00
JM MID CAP FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 4,450 46.68 6.12 5.99 Larsen & Toubro Limited Construction Project 2,400 39.65 5.19 5.07 Tata Motors Limited Auto 3,150 39.32 5.15 5.04 Infosys Technologies Limited Software 1,200 38.90 5.09 4.99 Tata Consultancy Services Limited
Software 2,700 31.97 4.19 4.10
Nestle India Limited Consumer Non Durables
828 30.61 4.01 3.92
Asian Paints Limited Consumer Non Durables
1,150 29.05 3.80 3.72
Eicher Motors Limited Auto 2,050 27.56 3.61 3.53 Action Construction Equipment Limited
Industrial Capital Goods
63,370 27.31 3.58 3.50
Bajaj Electricals Limited Consumer Durables 10,636 24.94 3.27 3.20 PTC India Limited Power 29,800 24.85 3.25 3.19 Axis Bank Limited Banks 1,700 23.87 3.13 3.06 Tata Steel Limited Ferrous Metals 3,600 22.40 2.93 2.87 Bharat Heavy Electricals Limited
Industrial Capital Goods
1,075 22.17 2.90 2.84
ACC Limited Cement 2,000 21.49 2.81 2.76 ICICI Bank Limited Banks 1,800 20.09 2.63 2.58
Mahindra & Mahindra Financial Services Limited
Finance 2,570 19.95 2.61 2.56
JSW Steel Limited Ferrous Metals 2,150 19.70 2.58 2.53
Hindalco Industries Limited Non - Ferrous Metals 8,600 17.99 2.36 2.31
Hindustan Petroleum Corporation Limited
Petroleum Products 4,750 16.94 2.22 2.17
LIC Housing Finance Limited Finance 7,380 16.69 2.19 2.14
Bharti Airtel Limited Telecom - Services 4,500 16.08 2.11 2.06
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 9,200 15.98 2.09 2.05
Bank of Baroda Banks 1,650 15.92 2.09 2.04
State Bank of India Banks 575 15.90 2.08 2.04
Wipro Limited Software 3,300 15.85 2.08 2.03
Mahindra & Mahindra Limited Auto 2,250 15.76 2.06 2.02 Bajaj Auto Limited Auto 1,075 15.73 2.06 2.02 Cairn India Limited Oil 4,350 15.27 2.00 1.96 Power Finance Corporation Limited
Finance 6,000 15.00 1.96 1.92
Dr. Reddy's Laboratories Limited
Pharmaceuticals 900 14.75 1.93 1.89
Satyam Computer Services Limited
Software 22,400 14.72 1.93 1.89
Ranbaxy Laboratories Limited Pharmaceuticals 3,250 14.48 1.90 1.86 Sub Total: 747.57 97.91 95.85 (Cost : 692.51)b) Unlisted NIL NIL NIL Total: 747.57 97.91 95.85(Cost : 692.51)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 32.34 4.24 4.15
Sub Total: 32.34 4.24 4.15 (Cost : 32.34)Total: 779.91 102.15 100.00 (Cost : 724.85)Net Current Assets (16.38) (2.15)Net Assets 763.53 100.00
JM LARGE CAP FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 4,455 46.74 9.29 9.21 ICICI Bank Limited Banks 3,200 35.72 7.10 7.03 Larsen & Toubro Limited Construction Project 2,130 35.19 6.99 6.93 Infosys Technologies Limited Software 1,000 32.41 6.44 6.38 ITC Limited Consumer Non
Durables 17,800 32.41 6.44 6.38
HDFC Bank Limited Banks 1,360 31.90 6.34 6.28 Bharat Heavy Electricals Limited
Industrial Capital Goods
1,480 30.53 6.07 6.01
State Bank of India Banks 966 26.71 5.31 5.26 Wipro Limited Software 5,349 25.69 5.10 5.06 Tata Steel Limited Ferrous Metals 4,100 25.51 5.07 5.02 Tata Consultancy Services Limited
Software 1,800 21.31 4.23 4.20
Tata Motors Limited Auto 1,425 17.79 3.53 3.50 Jindal Steel & Power Limited Ferrous Metals 2,400 16.74 3.33 3.30 Bajaj Auto Limited Auto 1,085 15.88 3.15 3.13 Oil & Natural Gas Corporation Limited
Oil 5,200 15.15 3.01 2.98
Eicher Motors Limited Auto 900 12.10 2.40 2.38
Reliance Infrastructure Limited Power 1,630 11.25 2.23 2.22
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 5,680 9.87 1.96 1.94
Ranbaxy Laboratories Limited Pharmaceuticals 2,160 9.62 1.91 1.89
Hindalco Industries Limited Non - Ferrous Metals 4,450 9.31 1.85 1.83
Axis Bank Limited Banks 450 6.32 1.26 1.24
Mahindra & Mahindra Limited Auto 650 4.55 0.90 0.90
Grasim Industries Limited Textile Products 135 3.32 0.66 0.65
Sub Total: 476.02 94.57 93.72 (Cost : 438.02)b) Unlisted NIL NIL NIL Total: 476.02 94.57 93.72(Cost : 438.02)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 31.88 6.33 6.28
Sub Total: 31.88 6.33 6.28 (Cost : 31.88)Total: 507.90 100.90 100.00 (Cost : 469.90)Net Current Assets (4.54) (0.90)Net Assets 503.36 100.00
68
Annual Report 2010-2011
JM BAsIC FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeHDFC Bank Limited Banks 69,000 1,618.64 6.85 6.69 Reliance Industries Limited Petroleum Products 152,800 1,603.02 6.78 6.62 Larsen & Toubro Limited Construction Project 80,232 1,325.35 5.60 5.47 Tata Motors Limited Auto 95,215 1,188.62 5.03 4.91 ICICI Bank Limited Banks 88,000 982.26 4.15 4.06 Cairn India Limited Oil 261,000 915.98 3.87 3.79 Sterlite Industries ( India ) Limited
Non - Ferrous Metals 508,220 882.78 3.73 3.65
Tata Steel Limited Ferrous Metals 140,222 872.53 3.69 3.61 Reliance Infrastructure Limited Power 126,214 870.81 3.68 3.60 Mahindra & Mahindra Limited Auto 119,400 836.22 3.54 3.46 Jaiprakash Associates Limited Construction 881,000 817.57 3.46 3.38 JSW Steel Limited Ferrous Metals 85,970 787.74 3.33 3.26 Mahindra & Mahindra Financial Services Limited
Finance 98,197 762.21 3.22 3.15
Infrastructure Development Finance Company Limited
Finance 490,200 757.85 3.20 3.13
Axis Bank Limited Banks 53,020 744.32 3.15 3.08 LIC Housing Finance Limited Finance 305,025 689.66 2.92 2.85
JSW Energy Limited Power 952,120 682.19 2.88 2.82
Bharat Heavy Electricals Limited
Industrial Capital Goods
30,585 630.86 2.67 2.61
IFCI Limited Finance 1,157,300 608.74 2.57 2.52
Bajaj Auto Limited Auto 40,750 596.27 2.52 2.46
Crompton Greaves Limited Industrial Capital Goods
206,006 561.88 2.38 2.32
Action Construction Equipment Limited
Industrial Capital Goods
1,285,124
553.89 2.34 2.29
ACC Limited Cement 49,200 528.68 2.24 2.19
Nitesh Estates Limited Construction 1,945,309
520.37 2.20 2.15
Bharti Airtel Limited Telecom - Services 137,200 490.35 2.07 2.03
Power Finance Corporation Limited
Finance 195,549 488.77 2.07 2.02
Jindal Steel & Power Limited Ferrous Metals 67,500 470.68 1.99 1.95 Sanghvi Movers Limited Industrial Capital
Goods 346,952 395.87 1.67 1.64
Diamond Power Infra Ltd Industrial Products 209,500 322.21 1.36 1.33 KEC International Limited Power 374,965 309.72 1.31 1.28 Greenply Industries Limited - Warrants
Consumer Non Durables
106,558 208.85 0.88 0.86
Jyoti Structures Limited Power 205,144 171.50 0.73 0.71 Simplex Projects Limited Construction 98,575 140.47 0.59 0.58 Claris Lifesciences Limited Pharmaceuticals 32,250 56.24 0.24 0.23 Reliance Industries Limited * Petroleum Products 12,492 18.57 0.08 0.08 Less: Provision (18.57) (0.08) (0.08)Sub Total: 23,393.10 98.91 96.70 (Cost : 23239.63)b) Unlisted NIL NIL NIL Total: 23,393.10 98.91 96.70(Cost : 23239.63)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 799.53 3.38 3.30
Sub Total: 799.53 3.38 3.30 (Cost : 799.53)Total: 24,192.63 102.29 100.00 (Cost : 24039.16)Net Current Assets
Cash & Bank Balances 27.87 0.12 Margin Money placed in Cash (Futures & Options)
116.00 0.49
Other Net Current Assets (686.14) (2.90)Net Assets 23,650.36 100.00
* NPA
JM EMERGING LEADERs FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeHousing Development Finance Corporation Limited - Warrants
Finance 632,910 952.21 7.06 6.98
Yes Bank Limited Banks 243,150 752.79 5.58 5.51 Godawari Power And Ispat limited
Ferrous Metals 397,497 698.40 5.19 5.12
SKF India Limited Industrial Products 118,451 682.22 5.06 5.01 Opto Circuits (India) Limited Pharmaceuticals 226,552 624.15 4.63 4.58 United Phosphorus Limited Pesticides 414,400 619.32 4.60 4.55 Action Construction Equipment Limited
Industrial Capital Goods
1,421,797 612.79 4.55 4.50
Raymond Limited Textile Products 189,358 603.20 4.48 4.43 Dewan Housing Finance Corporation Limited
Finance 206,770 554.35 4.12 4.07
MphasiS Limited Software 129,490 537.71 3.99 3.95 Pantaloon Retail (India) Limited
Retailing 204,392 528.76 3.93 3.88
Dhanlaxmi Bank Limited Banks 457,000 517.32 3.84 3.80 JSW Steel Limited Ferrous Metals 53,200 487.47 3.62 3.58 Dish TV India Limited Media &
Entertainment 696,050 467.05 3.47 3.43
Sintex Industries Limited Industrial Products 302,024 458.77 3.41 3.37 Nitesh Estates Limited Construction 1,671,249 447.06 3.32 3.28
Bajaj Auto Limited Auto 30,513 446.48 3.31 3.28
IFCI Limited Finance 824,900 433.90 3.22 3.18
HEG Limited Industrial Products 200,000 426.70 3.17 3.13
Jubilant Life Sciences Limited Pharmaceuticals 243,900 402.31 2.99 2.95
Wipro Limited Software 75,100 360.63 2.68 2.65
Kalpataru Power Transmission Limited
Power 255,391 344.39 2.56 2.53
Sundaram Finance Limited Finance 68,997 338.05 2.51 2.48
B. L. Kashyap and Sons Limited Construction 1,445,610 334.66 2.48 2.46
Jyoti Structures Limited Power 371,800 310.82 2.31 2.28
Simplex Projects Limited Construction 208,639 297.31 2.21 2.18
Claris Lifesciences Limited Pharmaceuticals 42,184 73.57 0.55 0.54 Sub Total: 13,312.39 98.84 97.70 (Cost : 12537.78)b) Unlisted NIL NIL NIL Total: 13,312.39 98.84 97.70(Cost : 12537.78)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 313.12 2.32 2.30
Sub Total: 313.12 2.32 2.30 (Cost : 313.12)Total: 13,625.51 101.16 100.00 (Cost : 12850.90)Net Current AssetsCash & Bank Balances 28.88 0.21 Margin Money placed in Cash (Futures & Options)
270.00 2.00
Other Net Current Assets (455.00) (3.38)Net Assets 13,469.39 100.00
69
Annual Report 2010-2011
JM CORE 11 FUND sERIEs 1 Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATED
a) Listed/Awaiting Listing On Stock Exchange
ICICI Bank Limited Banks 68,020 759.24 9.47 9.42
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 434,070 753.98 9.42 9.36
Reliance Infrastructure Limited Power 108,155 746.22 9.32 9.27
Infosys Technologies Limited Software 22,860 740.96 9.26 9.20
Mahindra & Mahindra Limited Auto 105,510 738.94 9.23 9.17
Tata Steel Limited Ferrous Metals 118,500 737.37 9.21 9.16
LIC Housing Finance Limited Finance 323,850 732.22 9.15 9.09
Hindalco Industries Limited Non - Ferrous Metals 339,700 710.48 8.88 8.82
PTC India Limited Power 826,500 689.30 8.61 8.56
Diamond Power Infra Ltd Industrial Products 441,306 678.73 8.48 8.43
Sintex Industries Limited Industrial Products 431,156 654.93 8.18 8.13
Sub Total: 7,942.37 99.21 98.61
(Cost : 7929.67)
b) Unlisted NIL NIL NIL
Total: 7,942.37 99.21 98.61
(Cost : 7929.67)
MONEY MARKET INSTRUMENTS
Collateralised Borrowing & Lending Obligation
- 111.75 1.40 1.39
Sub Total: 111.75 1.40 1.39
(Cost : 111.75)
Total: 8,054.12 100.61 100.00
(Cost : 8041.42)
Net Current Assets (48.85) (0.61)
Net Assets 8,005.27 100.00
JM TELECOM sECTOR FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATED
a) Listed/Awaiting Listing On Stock Exchange
Bharti Airtel Limited Telecom - Services 45,436 162.39 44.32 42.03
Idea Cellular Limited Telecom - Services 51,800 34.94 9.53 9.04
Reliance Communications Limited
Telecom - Services 32,200 34.66 9.46 8.97
Sub Total: 231.99 63.31 60.04
(Cost : 231.48)
b) Unlisted NIL NIL NIL
Total: 231.99 63.31 60.04
(Cost : 231.48)
MONEY MARKET INSTRUMENTS
Collateralised Borrowing & Lending Obligation
- 154.41 42.13 39.96
Sub Total: 154.41 42.13 39.96
(Cost : 154.41)
Total: 386.40 105.44 100.00
(Cost : 385.89)
Net Current Assets (19.92) (5.44)
Net Assets 366.48 100.00
JM TAx GAIN FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeEicher Motors Limited Auto 40,550 545.11 9.51 9.78 Tata Steel Limited Ferrous Metals 53,350 331.97 5.80 5.95 Infosys Technologies Limited Software 9,800 317.65 5.54 5.70 LIC Housing Finance Limited Finance 129,250 292.23 5.09 5.24 Axis Bank Limited Banks 19,950 280.07 4.88 5.02 Larsen & Toubro Limited Construction Project 16,475 272.15 4.74 4.88 Bajaj Auto Limited Auto 17,200 251.68 4.39 4.51 Tata Motors Limited Auto 18,080 225.70 3.93 4.05 Hindalco Industries Limited Non - Ferrous Metals 107,000 223.79 3.90 4.01 ICICI Bank Limited Banks 19,700 219.89 3.83 3.94 Housing Development Finance Corporation Limited - Warrants
Finance 139,265 209.52 3.65 3.76
Bharat Heavy Electricals Limited
Industrial Capital Goods
10,100 208.33 3.63 3.74
United Spirits Limited Consumer Non Durables
20,170 206.70 3.60 3.71
Opto Circuits (India) Limited Pharmaceuticals 67,400 185.69 3.24 3.33 Standard Chartered Bank PLC IDR
Banks 161,313 181.40 3.16 3.25
Action Construction Equipment Limited
Industrial Capital Goods
397,500 171.32 2.99 3.07
KPIT Cummins Infosystems Limited
Software 99,980 168.22 2.93 3.02
Piramal Healthcare Limited Pharmaceuticals 40,000 166.72 2.91 2.99
Crompton Greaves Limited Industrial Capital Goods
60,000 163.65 2.85 2.93
ACC Limited Cement 13,700 147.21 2.57 2.64
Patni Computer Systems Limited
Software 28,000 133.57 2.33 2.39
Kotak Mahindra Bank Limited Banks 20,110 92.07 1.61 1.65
Dewan Housing Finance Corporation Limited
Finance 32,373 86.79 1.51 1.56
Divi's Laboratories Limited Pharmaceuticals 12,224 82.51 1.44 1.48
Simplex Projects Limited Construction 55,690 79.36 1.38 1.42
Whirlpool of India Limited Consumer Durables 25,000 66.40 1.16 1.19
Sub Total: 5,309.70 92.57 95.21 (Cost : 4821.21)b) Unlisted NIL NIL NIL Total: 5,309.70 92.57 95.21(Cost : 4821.21)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 267.39 4.66 4.79
Sub Total: 267.39 4.66 4.79 (Cost : 267.39)Total: 5,577.09 97.23 100.00 (Cost : 5088.60)Net Current Assets 158.70 2.77 Net Assets 5,735.79 100.00
JM AGRI & INFRA FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 61,870 649.08 7.55 7.39
70
Annual Report 2010-2011
HDFC Bank Limited Banks 23,000 539.55 6.28 6.15 Larsen & Toubro Limited Construction Project 32,425 535.63 6.23 6.09 Tata Motors Limited Auto 38,700 483.11 5.62 5.49 Tata Steel Limited Ferrous Metals 68,693 427.44 4.97 4.86 ICICI Bank Limited Banks 34,250 382.30 4.45 4.35 Reliance Infrastructure Limited Power 53,580 369.68 4.30 4.20 JSW Steel Limited Ferrous Metals 38,510 352.87 4.11 4.01 Mahindra & Mahindra Limited Auto 45,000 315.16 3.67 3.58 Sterlite Industries ( India ) Limited
Non - Ferrous Metals 180,000 312.66 3.64 3.56
Sanghvi Movers Limited Industrial Capital Goods
256,110 292.22 3.40 3.32
Action Construction Equipment Limited
Industrial Capital Goods
675,700 291.23 3.39 3.31
Jaiprakash Associates Limited Construction 312,500 290.00 3.37 3.30 Infrastructure Development Finance Company Limited
Finance 185,250 286.40 3.33 3.26
Mahindra & Mahindra Financial Services Limited
Finance 35,865 278.38 3.24 3.17
JSW Energy Limited Power 369,700 264.89 3.08 3.01
Bharat Heavy Electricals Limited
Industrial Capital Goods
11,505 237.31 2.76 2.70
Bajaj Auto Limited Auto 16,100 235.58 2.74 2.68
Crompton Greaves Limited Industrial Capital Goods
81,500 222.29 2.59 2.53
Simplex Projects Limited Construction 148,400 211.47 2.46 2.41
Power Finance Corporation Limited
Finance 84,000 209.96 2.44 2.39
Supreme Infrastructure India Limited
Construction 95,993 203.46 2.37 2.31
LIC Housing Finance Limited Finance 86,520 195.62 2.28 2.22
Jindal Steel & Power Limited Ferrous Metals 26,350 183.74 2.14 2.09
Cairn India Limited Oil 50,813 178.33 2.07 2.03
ACC Limited Cement 15,000 161.18 1.88 1.83
IFCI Limited Finance 300,500 158.06 1.84 1.80
Claris Lifesciences Limited Pharmaceuticals 84,300 147.02 1.71 1.67
Axis Bank Limited Banks 3,750 52.64 0.61 0.60
Voltas Limited Construction Project 200 0.37 0.00^ 0.00^
Sub Total: 8,467.63 98.52 96.31 (Cost : 8755.64)b) Unlisted NIL NIL NIL Total: 8,467.63 98.52 96.31(Cost : 8755.64)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 324.73 3.78 3.69
Sub Total: 324.73 3.78 3.69 (Cost : 324.73)Total: 8,792.36 102.30 100.00 (Cost : 9080.37)Net Current Assets (198.02) (2.30)Net Assets 8,594.34 100.00
^ Less than 0.01%
JM HI FI FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 6,200 65.04 7.87 7.77 HDFC Bank Limited Banks 2,260 53.02 6.42 6.34 ICICI Bank Limited Banks 4,600 51.35 6.22 6.14 Larsen & Toubro Limited Construction Project 2,725 45.01 5.45 5.38 Action Construction Equipment Limited
Industrial Capital Goods
95,800 41.29 5.00 4.94
Tata Motors Limited Auto 3,260 40.70 4.93 4.87 Tata Steel Limited Ferrous Metals 6,540 40.70 4.93 4.87 Reliance Infrastructure Limited Power 4,950 34.15 4.14 4.08 Housing Development Finance Corporation Limited - Warrants
Finance 22,200 33.40 4.05 3.99
Supreme Infrastructure India Limited
Construction 15,000 31.79 3.85 3.80
Power Finance Corporation Limited
Finance 12,650 31.62 3.83 3.78
Infrastructure Development Finance Company Limited
Finance 19,800 30.61 3.71 3.66
Mahindra & Mahindra Limited Auto 4,200 29.41 3.56 3.52 Axis Bank Limited Banks 2,032 28.53 3.46 3.41 Jaiprakash Associates Limited Construction 30,000 27.84 3.37 3.33 Mahindra & Mahindra Financial Services Limited
Finance 3,500 27.17 3.29 3.25
Sterlite Industries ( India ) Limited
Non - Ferrous Metals 15,000 26.06 3.16 3.12
JSW Energy Limited Power 34,500 24.72 2.99 2.96
LIC Housing Finance Limited Finance 10,300 23.29 2.82 2.79
Bajaj Auto Limited Auto 1,450 21.22 2.57 2.54
Jindal Steel & Power Limited Ferrous Metals 3,020 21.06 2.55 2.52
ACC Limited Cement 1,955 21.01 2.54 2.51
Bharat Heavy Electricals Limited
Industrial Capital Goods
1,000 20.63 2.50 2.47
Crompton Greaves Limited Industrial Capital Goods
7,500 20.46 2.48 2.45
Bharti Airtel Limited Telecom - Services 4,750 16.98 2.06 2.03
IFCI Limited Finance 28,000 14.73 1.78 1.76
Sub Total: 821.79 99.53 98.28 (Cost : 820.43)b) Unlisted NIL NIL NIL Total: 821.79 99.53 98.28(Cost : 820.43)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 14.34 1.74 1.72
Sub Total: 14.34 1.74 1.72 (Cost : 14.34)Total: 836.13 101.27 100.00 (Cost : 834.77)Net Current Assets (10.47) (1.27)Net Assets 825.66 100.00
JM FINANCIAL sERVICEs sECTOR FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeAxis Bank Limited Banks 10,685 150.00 8.85 8.47
ICICI Bank Limited Banks 13,300 148.45 8.75 8.38
HDFC Bank Limited Banks 6,252 146.66 8.65 8.28
Punjab National Bank Banks 11,700 141.89 8.36 8.01
State Bank of India Banks 5,063 140.01 8.25 7.91
Bank of Baroda Banks 14,350 138.46 8.16 7.82
Housing Development Finance Corporation Limited - Warrants
Finance 68,450 102.98 6.07 5.81
Standard Chartered Bank PLC IDR
Banks 69,578 78.24 4.61 4.42
Sub Total: 1,046.69 61.70 59.10 (Cost : 942.63)b) Unlisted NIL NIL NIL Total: 1,046.69 61.70 59.10(Cost : 942.63)
71
Annual Report 2010-2011
MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 724.39 42.70 40.90
Sub Total: 724.39 42.70 40.90 (Cost : 724.39)Total: 1,771.08 104.40 100.00 (Cost : 1667.02)Net Current Assets (74.70) (4.40)Net Assets 1,696.38 100.00
JM HIGH LIQUIDITY FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)The Jammu & Kashmir Bank Limited CD**
P1+ 10,000 9,989.74 18.43 18.38
Allahabad Bank CD** P1+ 10,000 9,788.02 18.05 18.00 RHC Holding Private Limited CP**
A1+ 1,240 6,047.58 11.15 11.12
Reliance Capital Limited CP** A1+ 1,061 5,257.07 9.69 9.67 Bank of Maharashtra CD** P1+ 5,000 4,995.12 9.21 9.19 Edelweiss Capital Limited CP** P1+ 1,000 4,940.34 9.11 9.09 UCO Bank CD** P1+ 5,000 4,885.02 9.01 8.99 Religare Finvest Limited CP** A1+ 500 2,461.51 4.54 4.53 HDFC Bank Limited CD** PR1+ 2,500 2,451.98 4.52 4.51 Indian Overseas Bank CD** A1+ 2,500 2,450.78 4.52 4.51 Sub Total: 53,267.16 98.23 97.99(Cost : 52915.99)Collateralised Borrowing & Lending Obligation
- 1,090.29 2.01 2.01
Sub Total: 1,090.29 2.01 2.01 (Cost : 1090.29)Total: 54,357.45 100.24 100.00 (Cost : 54006.28)Net Current Assets (131.60) (0.24)Net Assets 54,225.85 100.00
** Thinly Traded/ Non Traded.
JM MONEY MANAGER FUND - sUPER PLUs PLAN Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 210 2,076.49 5.10 5.26 Axis Bank Limited ** LAAA 131 1,297.20 3.19 3.29 ICICI Bank Limited ** AAA 3,103 307.76 0.76 0.78 Sub Total: 3,681.45 9.05 9.33 (Cost : 3716.51)b) Privately Placed / UnlistedDeccan Chronicle Holdings Limited **
PR1+ 750 7,478.76 18.37 18.95
Sub Total: 7,478.76 18.37 18.95 (Cost : 7500.00)Total: 11,160.21 27.42 28.28
(Cost : 11216.51)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Edelweiss Capital Limited CP** P1+ 1,500 7,410.51 18.20 18.78 State Bank of Mysore CD** A1+ 5,000 4,993.97 12.27 12.66 Bank of India CD** P1+ 5,000 4,910.09 12.06 12.44
Dhanlaxmi Bank Limited CD** P1+ 5,000 4,879.19 11.99 12.36
UCO Bank CD** P1+ 2,500 2,450.65 6.02 6.21 Religare Securities Limited CP**
P1+ 260 1,280.97 3.15 3.25
RHC Holding Private Limited CP**
A1+ 260 1,268.04 3.12 3.21
Treasury Bills91 Days Treasury Bill - 10/06/2011 **
SOV 1,000,000
986.30 2.42 2.50
Sub Total: 28,179.72 69.23 71.41(Cost : 28049.26)Collateralised Borrowing & Lending Obligation
- 122.58 0.30 0.31
Sub Total: 122.58 0.30 0.31 (Cost : 122.58)Total: 39,462.51 96.95 100.00 (Cost : 39388.35)Net Current Assets 1,240.41 3.05 Net Assets 40,702.92 100.00
** Thinly Traded/ Non Traded.
JM MONEY MANAGER FUND - sUPER PLAN Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 1 9.89 0.06 0.06 Sub Total: 9.89 0.06 0.06 (Cost : 10.00)b) Privately Placed / Unlisted
NIL NIL NIL
Total: 9.89 0.06 0.06 (Cost : 10.00)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Bank of India CD** P1+ 5,000 4,895.91 31.90 31.95 Edelweiss Capital Limited CP** P1+ 500 2,470.17 16.09 16.12 Axis Bank Limited CD** P1+ 2,500 2,451.60 15.97 15.99 RHC Holding Private Limited CP**
A1+ 480 2,341.00 15.25 15.27
Punjab National Bank CD** PR1+ 1,700 1,663.88 10.84 10.85 Canara Bank CD** P1+ 1,100 1,084.34 7.06 7.07 Central Bank of India CD** PR1+ 100 98.58 0.64 0.64 Religare Finvest Limited CP** A1+ 20 98.54 0.64 0.64
State Bank of Mysore CD** A1+ 70 64.76 0.42 0.42
Vijaya Bank CD** PR1+ 50 49.14 0.32 0.32 Sub Total: 15,217.92 99.13 99.27(Cost : 15195.34)Collateralised Borrowing & Lending Obligation
- 102.94 0.67 0.67
Sub Total: 102.94 0.67 0.67 (Cost : 102.94)Total: 15,330.75 99.86 100.00 (Cost : 15308.28)Net Current Assets 21.16 0.14
Net Assets 15,351.91 100.00 ** Thinly Traded/ Non Traded.
72
Annual Report 2010-2011
JM MONEY MANAGER FUND - REGULAR PLAN Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTS
a) Listed/Awaiting Listing On Stock Exchange
Union Bank of India ** AAA 1 9.89 0.08 0.08
Sub Total: 9.89 0.08 0.08
(Cost : 10.00)
b) Privately Placed / Unlisted
NIL NIL NIL
Total: 9.89 0.08 0.08
(Cost : 10.00)
MONEY MARKET INSTRUMENTS
Certificate of Deposit (CD) / Commercial Paper (CP)
Punjab National Bank CD** PR1+ 2,500 2,465.39 19.05 19.07
Yes Bank Limited CD** A1+ 2,500 2,465.30 19.05 19.07
Edelweiss Securities Private Limited CP**
P1+ 500 2,461.53 19.02 19.04
Religare Finvest Limited CP** A1+ 500 2,461.51 19.02 19.04
UCO Bank CD** P1+ 1,875 1,849.00 14.28 14.30
Central Bank of India CD** PR1+ 750 739.31 5.71 5.72
ING Vysya Bank Limited CD** P1+ 400 394.36 3.05 3.05
Sub Total: 12,836.40 99.18 99.29
(Cost : 12698.58)
Collateralised Borrowing & Lending Obligation
- 81.83 0.63 0.63
Sub Total: 81.83 0.63 0.63
(Cost : 81.83)
Total: 12,928.12 99.89 100.00
(Cost : 12790.41)
Net Current Assets 14.13 0.11
Net Assets 12,942.25 100.00 ** Thinly Traded/ Non Traded.
JM FLOATER FUND- LONG TERM PLAN Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTS
a) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTS
Certificate of Deposit (CD) / Commercial Paper (CP)
Religare Finvest Limited CP** A1+ 40 197.07 21.58 21.59
Sub Total: 197.07 21.58 21.59
(Cost : 196.41)
Collateralised Borrowing & Lending Obligation
- 715.61 78.34 78.41
Sub Total: 715.61 78.34 78.41
(Cost : 715.61)
Total: 912.68 99.92 100.00
(Cost : 912.02)
Net Current Assets 0.70 0.08
Net Assets 913.38 100.00 ** Thinly Traded/ Non Traded.
JM FLOATER FUND - sHORT TERM PLAN Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)UCO Bank CD** P1+ 35 34.22 14.37 14.36 UCO Bank CD** P1+ 25 24.65 10.35 10.35 Sub Total: 58.87 24.72 24.71(Cost : 58.85)Collateralised Borrowing & Lending Obligation
- 179.40 75.31 75.29
Sub Total: 179.40 75.31 75.29 (Cost : 179.40)Total: 238.27 100.03 100.00 (Cost : 238.25)Net Current Assets (0.08) (0.03)Net Assets 238.19 100.00
** Thinly Traded/ Non Traded.
JM MIP FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 3,525 36.98 5.59 5.53 JSW Steel Limited Ferrous Metals 3,675 33.67 5.08 5.04 Bajaj Auto Limited Auto 2,075 30.36 4.58 4.54 McDowell Holdings Limited Finance 200 0.22 0.03 0.03 Sub Total: 101.23 15.28 15.14 (Cost : 101.44)b) Unlisted NIL NIL NIL Total: 101.23 15.28 15.14(Cost : 101.44)DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeAxis Bank Limited ** LAAA 7 69.32 10.46 10.37 Shriram Transport Finance Company Limited **
AA+ 6,596 65.85 9.94 9.85
Britannia Industries Limited ** AAA 10,000 16.62 2.51 2.49 Sub Total: 151.79 22.91 22.71 (Cost : 154.98)b) Privately Placed / Unlisted
NIL NIL NIL
Total: 151.79 22.91 22.71 (Cost : 154.98)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Central Bank of India CD** PR1+ 150 147.86 22.32 22.12 Vijaya Bank CD** PR1+ 150 147.42 22.26 22.05 RHC Holding Private Limited CP**
A1+ 20 97.54 14.73 14.59
Sub Total: 392.82 59.31 58.76(Cost : 392.55)Collateralised Borrowing & Lending Obligation
- 22.65 3.42 3.39
73
Annual Report 2010-2011
Sub Total: 22.65 3.42 3.39 (Cost : 22.65)Total: 668.49 100.92 100.00 (Cost : 671.62)Net Current Assets (6.09) (0.92)Net Assets 662.40 100.00
** Thinly Traded/ Non Traded.
JM INTERVAL FUND - QUARTERLY PLAN 1 Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Vijaya Bank CD** PR1+ 800 786.26 28.21 28.20 Punjab National Bank CD** PR1+ 800 783.00 28.10 28.08 Allahabad Bank CD** P1+ 700 684.83 24.58 24.56 Bank of Maharashtra CD** P1+ 500 489.74 17.58 17.56 Sub Total: 2,743.83 98.47 98.40(Cost : 2737.74)Collateralised Borrowing & Lending Obligation
- 44.50 1.60 1.60
Sub Total: 44.50 1.60 1.60 (Cost : 44.5)Total: 2,788.33 100.07 100.00 (Cost : 2782.24)Net Current Assets (1.89) (0.07)Net Assets 2,786.44 100.00
** Thinly Traded/ Non Traded.
JM FIxED MATURITY FUND sERIEs xIx - PLAN A Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTS
a) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTS
Certificate of Deposit (CD) / Commercial Paper (CP)
Bank of India CD** P1+ 3,000 2,776.00 25.12 25.11
IDBI Bank Limited CD** P1+ 3,000 2,776.00 25.12 25.11
Punjab National Bank CD** PR1+ 3,000 2,776.00 25.12 25.11
State Bank of Mysore CD** A1+ 2,930 2,710.58 24.53 24.53
Sub Total: 11,038.58 99.89 99.86
(Cost : 10853.48)
Collateralised Borrowing & Lending Obligation
- 15.88 0.14 0.14
Sub Total: 15.88 0.14 0.14
(Cost : 15.88)
Total: 11,054.46 100.03 100.00
(Cost : 10869.36)
Net Current Assets (3.11) (0.03)
Net Assets 11,051.35 100.00
** Thinly Traded/ Non Traded.
JM FIxED MATURITY FUND sERIEs xIx - PLAN B Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)ING Vysya Bank Limited CD** P1+ 1,400 1,380.27 29.17 29.13 Canara Bank CD** P1+ 1,400 1,380.07 29.17 29.12 Central Bank of India CD** PR1+ 1,400 1,380.05 29.17 29.12 UCO Bank CD** P1+ 600 591.68 12.50 12.49 Sub Total: 4,732.07 100.01 99.86(Cost : 4686.10)Collateralised Borrowing & Lending Obligation
- 6.44 0.14 0.14
Sub Total: 6.44 0.14 0.14 (Cost : 6.44)Total: 4,738.51 100.15 100.00 (Cost : 4692.54)Net Current Assets (7.17) (0.15)Net Assets 4,731.34 100.00
** Thinly Traded/ Non Traded.
JM FIxED MATURITY FUND sERIEs xIx - PLAN C Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Dena Bank CD** P1+ 2,000 1,834.42 26.65 26.65 Oriental Bank of Commerce CD**
P1+ 2,000 1,834.42 26.65 26.65
Yes Bank Limited CD** A1+ 2,000 1,832.69 26.63 26.62 The Federal Bank Limited CD** P1+ 1,000 916.79 13.32 13.32 United Bank of India CD** A1+ 500 458.06 6.65 6.65 Sub Total: 6,876.38 99.90 99.89(Cost : 6819.09)Collateralised Borrowing & Lending Obligation
- 7.24 0.11 0.11
Sub Total: 7.24 0.11 0.11 (Cost : 7.24)Total: 6,883.62 100.01 100.00 (Cost : 6826.33)Net Current Assets (0.99) (0.01)Net Assets 6,882.63 100.00
** Thinly Traded/ Non Traded.
JM FIxED MATURITY FUND sERIEs xIx - PLAN D Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
74
Annual Report 2010-2011
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Religare Finvest Limited CP** A1+ 340 1,549.35 28.36 28.36 Religare Securities Limited CP**
P1+ 340 1,549.35 28.35 28.35
Yes Bank Limited CD** A1+ 1,300 1,188.12 21.75 21.74 Canara Bank CD** P1+ 1,000 914.39 16.74 16.73 Sub Total: 5,201.21 95.20 95.18(Cost : 5126.05)Collateralised Borrowing & Lending Obligation
- 263.20 4.82 4.82
Sub Total: 263.20 4.82 4.82 (Cost : 263.20)Total: 5,464.41 100.02 100.00 (Cost : 5389.25)Net Current Assets (0.89) (0.02)Net Assets 5,463.52 100.00
** Thinly Traded/ Non Traded.
JM FIxED MATURITY FUND sERIEs xVIII - 15 MONTHs PLAN 1 Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)ING Vysya Bank Limited CD** P1+ 700 690.13 29.17 29.17 Religare Finvest Limited CP** A1+ 140 689.76 29.17 29.15 Religare Securities Limited CP**
P1+ 140 689.75 29.17 29.15
Reliance Capital Limited CP** A1+ 39 193.24 8.17 8.17 Central Bank of India CD** PR1+ 100 98.58 4.17 4.17 Sub Total: 2,361.46 99.85 99.81(Cost : 2348.31)Collateralised Borrowing & Lending Obligation
- 4.42 0.19 0.19
Sub Total: 4.42 0.19 0.19 (Cost : 4.42)Total: 2,365.88 100.04 100.00 (Cost : 2352.73)Net Current Assets (0.95) (0.04)Net Assets 2,364.93 100.00
** Thinly Traded/ Non Traded.
JM INCOME FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 15 148.32 12.71 12.72 Axis Bank Limited ** LAAA 12 118.83 10.18 10.19 Shriram Transport Finance Company Limited **
AA+ 1,320 13.18 1.13 1.13
Sub Total: 280.33 24.02 24.04 (Cost : 283.23)b) Privately Placed / Unlisted
HMG Industries Ltd. * - 5,000 0.00$ 0.00^ 0.00^ Sub Total: 0.00$ 0.00^ 0.00^(Cost : 0.00$)Total: 280.33 24.02 24.04 (Cost : 283.23)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Vijaya Bank CD** PR1+ 300 294.85 25.26 25.28 Sub Total: 294.85 25.26 25.28(Cost : 294.20)Collateralised Borrowing & Lending Obligation
- 590.95 50.63 50.68
Sub Total: 590.95 50.63 50.68 (Cost : 590.95)Total: 1,166.13 99.91 100.00 (Cost : 1168.38)Net Current Assets 1.09 0.09 Net Assets 1,167.22 100.00
* NPA, ** Thinly Traded/ Non Traded,^ Less than 0.01%, $ Less than Rs.1,00,000/-
JM sHORT TERM FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeShriram Transport Finance Company Limited **
AA+ 5,278 52.69 0.20 0.21
Sub Total: 52.69 0.20 0.21 (Cost : 52.78)b) Privately Placed / Unlisted
NIL NIL NIL
Total: 52.69 0.20 0.21 (Cost : 52.78)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Edelweiss Capital Limited CP** P1+ 500 2,477.20 9.65 9.67 Axis Bank Limited CD** P1+ 2,500 2,454.86 9.55 9.58 Dhanlaxmi Bank Limited CD** P1+ 2,500 2,452.35 9.54 9.58 Punjab National Bank CD** PR1+ 2,500 2,451.11 9.54 9.57 Religare Securities Limited CP**
P1+ 500 2,448.15 9.52 9.56
Religare Finvest Limited CP** A1+ 500 2,447.83 9.52 9.56 India Infoline Investment Services Limited CP**
A1+ 500 2,447.38 9.52 9.56
Central Bank of India CD** PR1+ 2,500 2,441.22 9.50 9.52 State Bank of Bikaner and Jaipur CD**
P1+ 1,500 1,481.47 5.76 5.78
Allahabad Bank CD** P1+ 1,300 1,271.82 4.95 4.97 Vijaya Bank CD** PR1+ 1,200 1,179.40 4.59 4.61 Edelweiss Capital Limited CP** P1+ 200 975.03 3.79 3.81 UCO Bank CD** P1+ 965 943.41 3.67 3.68 Sub Total: 25,471.23 99.10 99.45(Cost : 25389.97)Collateralised Borrowing & Lending Obligation
- 86.33 0.34 0.34
Sub Total: 86.33 0.34 0.34 (Cost : 86.33)Total: 25,610.25 99.64 100.00 (Cost : 25529.08)Net Current Assets 92.32 0.36 Net Assets 25,702.57 100.00
** Thinly Traded/ Non Traded.
75
Annual Report 2010-2011
JM G-sEC FUND - REGULAR PLAN Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange
NIL NIL NIL
b) Privately Placed / Unlisted
NIL NIL NIL
Government Securities NIL NIL NIL MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 819.73 100.68 100.00
Sub Total: 819.73 100.68 100.00 (Cost : 819.73)Total: 819.73 100.68 100.00 (Cost : 819.73)Net Current Assets (5.55) (0.68)Net Assets 814.18 100.00
JM ARBITRAGE ADVANTAGE FUND Rs. In lakhs
Name of the Instruments Industry/Rating Quantity Market Value
% age to NAV
% age to Total Market
Value of Investment
DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangePantaloon Retail (India) Limited
Retailing 162,500 420.39 7.39 7.74
NHPC Limited Power 1,560,000 394.68 6.94 7.25 Dena Bank Banks 356,000 370.24 6.50 6.80 Tata Teleservices (Maharashtra) Limited
Telecom - Services 1,917,000 327.81 5.76 6.02
Ruchi Soya Industries Limited Consumer Non Durables
300,000 316.95 5.56 5.82
Firstsource Solutions Limited Software 1,096,000 196.73 3.45 3.62 Television Eighteen India Limited
Media & Entertainment
200,000 155.20 2.72 2.85
The India Cements Limited Cement 158,000 151.05 2.65 2.78 Sterling Biotech Limited Pharmaceuticals 152,000 144.02 2.53 2.65 Reliance Infrastructure Limited Power 19,000 131.09 2.30 2.41 JSW Steel Limited Ferrous Metals 13,750 125.99 2.21 2.32 Jain Irrigation Systems Limited Industrial Products 66,250 118.52 2.08 2.18 ABG Shipyard Limited Industrial Capital
Goods 31,000 112.76 1.98 2.07
Alok Industries Limited Textile Products 500,000 110.75 1.94 2.04 IFCI Limited Finance 204,000 107.30 1.88 1.97 Lanco Infratech Limited Construction Project 248,000 98.08 1.72 1.80 Bank of Baroda Banks 10,000 96.49 1.69 1.77 K S Oils Limited Consumer Non
Durables 280,000 90.44 1.59 1.66
Shipping Corporation Of India Limited
Transportation 66,000 70.92 1.25 1.30
Tata Global Beverages Limited Consumer Non Durables
72,000 70.38 1.24 1.29
Bajaj Hindusthan Limited Consumer Non Durables
82,000 58.30 1.02 1.07
Mahanagar Telephone Nigam Limited
Telecom - Services 128,000 58.05 1.02 1.07
Central Bank of India Banks 28,224 39.65 0.70 0.73 Mercator Lines Limited Transportation 100,000 38.15 0.67 0.70 Orchid Chemicals & Pharmaceuticals Limited
Pharmaceuticals 12,000 36.08 0.63 0.66
GAIL (India) Limited Gas 7,500 34.80 0.61 0.64 Rolta India Limited Software 24,000 33.28 0.58 0.61 Shree Renuka Sugars Limited Consumer Non
Durables 44,000 30.62 0.54 0.56
Tulip Telecom Limited Telecom - Services 18,000 25.28 0.44 0.46 Cipla Limited Pharmaceuticals 6,000 19.30 0.34 0.35 SREI Infrastructure Finance Limited
Finance 21,600 9.57 0.17 0.18
BGR Energy Systems Limited Industrial Capital Goods
1,500 7.15 0.13 0.13
Sub Total: 4,000.02 70.23 73.50 (Cost : 4900.09)b) Unlisted NIL NIL NIL Total: 4,000.02 70.23 73.50(Cost : 4900.09)TERM DEPOSITS (Placed as F & O Margin)
Duration in days
HDFC Bank Limited 189 200.00 3.51 3.68 HDFC Bank Limited 98 300.00 5.27 5.51 HDFC Bank Limited 94 200.00 3.51 3.68 HDFC Bank Limited 28 180.00 3.16 3.31 Sub Total: 880.00 15.45 16.18(Cost : 880.00)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation
- 561.87 9.86 10.32
Sub Total: 561.87 9.86 10.32 (Cost : 561.87)Total: 5,441.89 95.54 100.00 (Cost : 6341.96)Net Current AssetsCash & Bank Balances 95.16 1.67 Margin Money placed in Cash (Futures & Options)
245.00 4.30
Other Net Current Assets (86.08) (1.51)Net Assets 5,695.97 100.00
76
Annual Report 2010-2011
Disclosure under Regulation 25(11) of SEBI (Mutual Funds) Regulations, 1996. Details of investments made in the companies which have invested more than 5% of the net assets of any schemes. Name Of Company (Investor) Scheme in which Investment is made by
the companyScheme by which Investment is made in securities of the
companyAggregate investment by scheme in securities of the company during the
specified period (Rs. in lakhs)
Aggregate Investment Outstanding as on 31st Mar,
2011. At Mkt value (Rs.in Lakhs)Bank of Baroda JM High Liquidity Fund JM High Liquidity Fund 14,876.12 -
JM Equity Tax Saver Fund - Series I 55.62 - JM Financial Services Fund 767.83 138.46 JM Arbitrage Advantage Fund 326.72 96.49 JM Contra Fund 328.14 305.86 JM Equity Fund 699.04 - JM HI FI Fund 22.99 - JM Small & Mid-Cap Fund 80.26 85.24 JM Money Manager Fund-Super Plus Plan 8,698.57 - JM Multistrategy Fund 326.04 65.61 JM Mid Cap Fund 14.99 15.92
Corporation Bank JM High Liquidity Fund JM High Liquidity Fund 32,269.81 - JM Floater Fund- Long Term Plan 498.29 - JM Money Manager Fund-Regular Plan 7,307.03 - JM Money Manager Fund-Super Plan 3,256.17 - JM Money Manager Fund-Super Plus Plan 22,198.75 -
ECL Finance Limited JM High Liquidity Fund JM High Liquidity Fund 402,899.44 - JM Arbitrage Advantage Fund 1,000.00 - JM Interval Fund - Quarterly Plan 1 600.00 - JM Short Term Fund 1,599.41 - JM Money Manager Fund-Regular Plan 6,976.64 - JM Money Manager Fund-Super Plan 9,999.31 - JM Money Manager Fund-Super Plus Plan 128,638.24 -
Grasim Industires Ltd JM Fixed Maturity Fund Series XIX - Plan C JM Basic Fund 120.52 - JM Financial Services Fund 32.78 - JM Arbitrage Advantage Fund 281.36 - JM Contra Fund 452.09 487.35 JM Equity Fund 55.28 59.83 JM Nifty Plus Fund 8.82 8.87 JM Large Cap Fund 23.15 3.32
HDFC Bank Ltd JM High Liquidity Fund JM Basic Fund 1,594.97 1,618.64 JM Money Manager Fund-Super Plus Plan JM High Liquidity Fund 13,968.70 2,451.98
JM Agri & Infra Fund 528.70 539.55 JM Financial Services Fund 764.70 146.66 JM Telecom Fund 22.53 - JM Arbitrage Advantage Fund 13,598.81 880.00 JM Contra Fund 30.01 31.90 JM Equity Fund 388.61 179.46 JM Floater Fund- Long Term Plan 482.49 - JM HI FI Fund 115.01 53.02 JM Small & Mid-Cap Fund 118.36 125.50 JM Money Manager Fund-Regular Plan 2,477.48 - JM Money Manager Fund-Super Plus Plan 16,218.88 - JM Tax Gain Fund 27.07 - JM Multistrategy Fund 63.14 68.03 JM Nifty Plus Fund 28.31 47.48 JM Large Cap Fund 63.31 31.90
ITC Limited JM High Liquidity Fund JM Basic Fund 384.18 - JM Financial Services Fund 100.31 - JM Telecom Fund 22.00 - JM Arbitrage Advantage Fund 1,755.45 - JM Balanced Fund - 72.84 JM Equity Fund 163.76 176.55 JM Tax Gain Fund 290.95 - JM Nifty Plus Fund 23.98 54.92 JM Large Cap Fund 29.93 32.41
Larsen & Toubro Limited JM High Liquidity Fund JM Basic Fund 1,795.55 1,325.35 JM High Liquidity Fund 26,033.92 - JM Agri & Infra Fund 1,150.05 535.63 JM Equity Tax Saver Fund - Series I 40.11 - JM Financial Services Fund 100.32 - JM Telecom Fund 21.83 - JM Arbitrage Advantage Fund 1,575.65 - JM Balanced Fund 179.58 76.15 JM Contra Fund 1,842.71 759.05 JM Equity Fund 6.96 167.34 JM HI FI Fund 98.94 45.01 JM Small & Mid-Cap Fund 194.20 205.66
Annexure - 2
77
Annual Report 2010-2011
Name Of Company (Investor) Scheme in which Investment is made by the company
Scheme by which Investment is made in securities of the company
Aggregate investment by scheme in securities of the company during the
specified period (Rs. in lakhs)
Aggregate Investment Outstanding as on 31st Mar,
2011. At Mkt value (Rs.in Lakhs)JM Money Manager Fund-Super Plus Plan 69,042.72 - JM Tax Gain Fund 485.48 272.15 JM Multistrategy Fund 208.08 109.03 JM Nifty Plus Fund 10.86 50.18 JM Large Cap Fund 12.01 35.19 JM Mid Cap Fund 37.80 39.65
Maruti Suzuki India Limited JM High Liquidity Fund JM Equity Tax Saver Fund - Series I 30.63 - JM Fixed Maturity Fund Series XIX - Plan C JM Arbitrage Advantage Fund 1,402.49 -
JM Balanced Fund 69.28 - JM Nifty Plus Fund 12.43 9.49 JM Large Cap Fund 37.19 -
State Bank Of Bikaner & Jaipur(Subsidiary of State Bank of India)
JM High Liquidity Fund 47,034.84 - JM Income Fund 197.82 - JM Short Term Fund 2,371.49 1,481.47 JM Money Manager Fund-Regular Plan 7,076.78 - JM Money Manager Fund-Super Plan 20,975.04 - JM Money Manager Fund-Super Plus Plan 48,144.27 -
State Bank Of Hyderabad(Subsidiary of State Bank of India)
JM High Liquidity Fund 5,945.36 - JM Money Manager Fund-Regular Plan 1,926.50 - JM Money Manager Fund-Super Plan 4,714.56 - JM Money Manager Fund-Super Plus Plan 16,781.53 -
State Bank Of Patiala(Subsidiary of State Bank of India)
JM High Liquidity Fund 23,439.12 - JM Money Manager Fund-Regular Plan 380.92 - JM Money Manager Fund-Super Plan 6,755.52 - JM Money Manager Fund-Super Plus Plan 73,366.77 -
State Bank of Travancore(Subsidiary of State Bank of India)
JM High Liquidity Fund 19,440.31 - JM Short Term Fund 1,471.28 - JM Money Manager Fund-Super Plan 5,526.75 - JM Money Manager Fund-Super Plus Plan 12,779.46 - JM Fixed Maturity Fund Series XIII - 18M 401.56 -
Syndicate Bank JM High Liquidity Fund JM High Liquidity Fund 110,435.14 - JM Financial Services Fund 132.73 - JM Arbitrage Advantage Fund 353.70 - JM HI FI Fund 91.35 - JM Interval Fund - Quarterly Plan 1 493.63 - JM Money Manager Fund-Super Plan 9,341.96 - JM Money Manager Fund-Super Plus Plan 193,171.95 - JM Tax Gain Fund 170.51 -
Tata Capital Ltd JM High Liquidity Fund JM High Liquidity Fund 323,417.51 - JM Arbitrage Advantage Fund 6,000.00 - JM Floater Fund - Short Term Plan 4,000.89 - JM Money Manager Fund-Super Plus Plan 509,456.49 -
Ultratech Cement Ltd(Subsidiary of Grasim Industries Ltd)
JM Arbitrage Advantage Fund 65.47 - JM Large Cap Fund 14.68 -
Union Bank Of India JM High Liquidity Fund JM High Liquidity Fund 44,705.06 - JM Financial Services Fund 147.52 - JM Arbitrage Advantage Fund 589.53 - JM Equity Fund 231.83 - JM HI FI Fund 105.11 - JM Income Fund 391.69 148.32 JM Short Term Fund 1,415.53 - JM Balanced Fund - 227.42 JM Money Manager Fund-Regular Plan 1,298.77 9.89 JM Money Manager Fund-Super Plan 6,508.32 9.89 JM Money Manager Fund-Super Plus Plan 39,740.75 2,076.49 JM Tax Gain Fund 412.41 - JM Large Cap Fund 18.95 -
Jammu & Kashmir Bank JM High Liquidity Fund JM High Liquidity Fund 19,759.48 9,989.74 JM Arbitrage Advantage Fund 5,500.00 - JM Money Manager Fund-Regular Plan 2,465.51 - JM Money Manager Fund-Super Plan 5,951.74 - JM Money Manager Fund-Super Plus Plan 48,537.10 - JM Fixed Maturity Fund Series XVI - YEARLY-1 951.48 -
Bank of India JM High Liquidity Fund JM High Liquidity Fund 9,934.11 - JM Arbitrage Advantage Fund 1,355.20 - JM Money Manager Fund-Super Plan 5,874.05 4,895.91 JM Money Manager Fund-Super Plus Plan 15,458.86 4,910.09 JM Fixed Maturity Fund Series XIX - Plan A 2,728.82 2,776.00
Bharti Airtel Limited JM High Liquidity Fund JM Basic Fund 1,050.77 490.35 JM Agri & Infra Fund 1,804.13 - JM Equity Tax Saver Fund - Series I 49.56 -
78
Annual Report 2010-2011
Name Of Company (Investor) Scheme in which Investment is made by the company
Scheme by which Investment is made in securities of the company
Aggregate investment by scheme in securities of the company during the
specified period (Rs. in lakhs)
Aggregate Investment Outstanding as on 31st Mar,
2011. At Mkt value (Rs.in Lakhs)JM Financial Services Fund 49.15 - JM Telecom Fund 868.44 162.39 JM Arbitrage Advantage Fund 2,371.77 - JM Balanced Fund 142.58 - JM Contra Fund 4,320.33 307.36 JM Equity Fund 369.99 85.78 JM HI FI Fund 115.27 16.98 JM MIP Fund 29.67 - JM Small & Mid-Cap Fund 80.64 85.78 JM Tax Gain Fund 45.12 - JM Multistrategy Fund 430.72 46.46 JM Nifty Plus Fund 139.30 24.54 JM Large Cap Fund 28.08 - JM Mid Cap Fund 14.87 16.08
IFCI Ltd JM High Liquidity Fund JM Basic Fund 1,514.81 608.74 JM Agri & Infra Fund 457.89 158.06 JM Financial Services Fund 289.57 - JM Arbitrage Advantage Fund 4,176.72 107.30 JM Emerging Leaders Fund 449.87 433.90 JM HI FI Fund 125.31 14.73
IDBI Home Finance Limited(Subsidiary of IDBI Bank Ltd)
JM High Liquidity Fund 19,300.14 - JM Money Manager Fund-Regular Plan 480.08 - JM Money Manager Fund-Super Plan 987.69 - JM Money Manager Fund-Super Plus Plan 42,450.07 -
RHC Holdings Private Ltd JM High Liquidity Fund JM High Liquidity Fund 197,251.92 6,047.58 JM Arbitrage Advantage Fund 3,025.03 - JM MIP Fund 97.51 97.54 JM Money Manager Fund-Super Plan 2,840.20 2,341.00 JM Money Manager Fund-Super Plus Plan 413,279.99 1,268.04 JM Fixed Maturity Fund Series XIII - Yearly 1,304.68 -
State Bank Of Mysore(Subsidiary of State Bank Of India)
JM High Liquidity Fund 30,798.93 - JM Money Manager Fund-Super Plan 11,096.95 64.76 JM Money Manager Fund-Super Plus Plan 22,182.17 4,993.97 JM Fixed Maturity Fund Series XIX - Plan A 2,667.02 2,710.58
Tata Steel Limited JM High Liquidity Fund JM Basic Fund 5,403.94 872.53 JM Core 11 Fund 2,076.51 737.37 JM Agri & Infra Fund 947.55 427.44 JM Financial Services Fund 49.33 - JM Telecom Fund 11.03 - JM Arbitrage Advantage Fund 1,167.96 - JM Balanced Fund 31.68 31.42 JM Contra Fund 1,308.86 434.64 JM Equity Fund 84.25 86.49 JM HI FI Fund 40.13 40.70 JM Small & Mid-Cap Fund 119.55 121.34 JM Short Term Fund 505.84 - JM Money Manager Fund-Super Plus Plan 1,012.01 - JM Tax Gain Fund 319.80 331.97 JM Multistrategy Fund 322.36 61.90 JM Nifty Plus Fund 31.35 23.27 JM Large Cap Fund 50.49 25.51 JM Mid Cap Fund 21.76 22.40
JM Money Manager Fund - Super Plus Plan
JM High Liquidity Fund JM Arbitrage Advantage Fund 29,002.78 - JM Nifty Plus Fund 150.00 -
L & T FINANCE(Subsidiary of Larsen & Toubro)
JM High Liquidity Fund 68,369.00 - JM Arbitrage Advantage Fund 5,502.82 - JM Floater Fund - Short Term Plan 800.00 - JM Interval Fund - Quarterly Plan 1 695.94 - JM Money Manager Fund-Super Plan 2,486.72 - JM Money Manager Fund-Super Plus Plan 97,405.23 -
L & T Infrastructure Finance Co. (Subsidiary of Larsen & Toubro)
JM High Liquidity Fund 49,770.84 - JM Money Manager Fund-Regular Plan 2,454.53 - JM Money Manager Fund-Super Plus Plan 78,304.24 -
IDBI Limited JM High Liquidity Fund JM High Liquidity Fund 32,138.40 - JM Money Manager Fund-Super Plus Plan JM Fixed Maturity Fund Series XIX - Plan A 2,728.82 2,776.00
JM Financial Services Fund 373.81 - JM Arbitrage Advantage Fund 2,897.43 - JM Emerging Leaders Fund 600.91 - JM HI FI Fund 310.70 - JM Money Manager Fund-Regular Plan 4,405.20 - JM Money Manager Fund-Super Plan 10,646.41 -
79
Annual Report 2010-2011
Name Of Company (Investor) Scheme in which Investment is made by the company
Scheme by which Investment is made in securities of the company
Aggregate investment by scheme in securities of the company during the
specified period (Rs. in lakhs)
Aggregate Investment Outstanding as on 31st Mar,
2011. At Mkt value (Rs.in Lakhs)JM Money Manager Fund-Super Plus Plan 66,909.79 -
Dhanalakshmi Bank Ltd JM High Liquidity Fund JM High Liquidity Fund 21,111.83 - JM Emerging Leaders Fund 967.09 517.32 JM Short Term Fund 2,438.57 2,452.35 JM Money Manager Fund-Super Plan 19,338.41 - JM Money Manager Fund-Super Plus Plan 18,241.32 4,879.19
NABARD JM High Liquidity Fund JM High Liquidity Fund 33,096.64 - JM Short Term Fund 580.01 - JM Money Manager Fund-Super Plus Plan 56,043.01 -
Punjab National Bank JM High Liquidity Fund JM High Liquidity Fund 196,436.79 - JM Money Manager Fund-Super Plus Plan JM Fixed Maturity Fund Series XI - 13M-1 918.05 -
JM Fixed Maturity Fund Series VII - 18M 2,388.13 - JM Financial Services Fund 460.62 141.89 JM Arbitrage Advantage Fund 1,170.84 - JM Balanced Fund 2.16 2.24 JM Equity Fund 421.31 28.98 JM Floater Fund- Long Term Plan 123.05 - JM Floater Fund - Short Term Plan 148.06 - JM HI FI Fund 95.37 - JM Income Fund 501.05 - JM Interval Fund - Quarterly Plan 1 781.09 783.00 JM Short Term Fund 9,163.56 2,451.11 JM Money Manager Fund-Regular Plan 16,510.34 2,465.39 JM Money Manager Fund-Super Plan 22,234.57 1,663.88 JM Money Manager Fund-Super Plus Plan 142,243.47 - JM Tax Gain Fund 339.96 - JM Multistrategy Fund 248.49 - JM Fixed Maturity Fund Series XIII - Yearly 969.20 - JM Nifty Plus Fund 0.99 9.18 JM Fixed Maturity Fund Series XVIII - 15 Monthly Plan 1 468.94 - JM Fixed Maturity Fund Series XIX - Plan A 2,728.82 2,776.00
Allahabad Bank JM High Liquidity Fund JM High Liquidity Fund 126,254.38 9,788.02 JM Equity Tax Saver Fund - Series I 30.08 - JM Financial Services Fund 191.88 - JM Arbitrage Advantage Fund 2,603.46 - JM Balanced Fund 95.84 - JM Equity Fund 91.36 - JM Floater Fund- Long Term Plan 1,112.52 - JM Floater Fund - Short Term Plan 147.99 - JM HI FI Fund 130.23 - JM Income Fund 296.84 - JM MIP Fund 23.09 - JM Interval Fund - Quarterly Plan 1 1,274.66 684.83 JM Small & Mid-Cap Fund 293.65 - JM Short Term Fund 3,302.60 1,271.82 JM Money Manager Fund-Regular Plan 12,829.27 - JM Money Manager Fund-Super Plan 14,994.84 - JM Money Manager Fund-Super Plus Plan 121,335.74 - JM Tax Gain Fund 470.30 - JM Mid Cap Fund 81.57 - JM Fixed Maturity Fund Series XIX - Plan C 1,098.93 -
Oriental Bank of Commerce JM High Liquidity Fund JM High Liquidity Fund 93,477.23 - JM Financial Services Fund 276.85 - JM Arbitrage Advantage Fund 224.45 - JM HI FI Fund 156.61 - JM Small & Mid-Cap Fund 221.42 - JM Money Manager Fund-Regular Plan 5,330.95 - JM Money Manager Fund-Super Plan 10,689.97 - JM Money Manager Fund-Super Plus Plan 118,122.56 - JM Tax Gain Fund 150.14 - JM Multistrategy Fund 279.12 - JM Fixed Maturity Fund Series XIX - Plan C 1,819.26 1,834.42
State Bank of India JM High Liquidity Fund JM High Liquidity Fund 34,326.79 - JM Financial Services Fund 281.32 140.01 JM Telecom Fund 19.46 - JM Arbitrage Advantage Fund 1,077.61 - JM Contra Fund 290.27 302.80 JM Equity Fund 145.87 151.12 JM Small & Mid-Cap Fund 79.87 82.96 JM Money Manager Fund-Super Plan 5,874.88 - JM Money Manager Fund-Super Plus Plan 2,876.75 -
80
Annual Report 2010-2011
Name Of Company (Investor) Scheme in which Investment is made by the company
Scheme by which Investment is made in securities of the company
Aggregate investment by scheme in securities of the company during the
specified period (Rs. in lakhs)
Aggregate Investment Outstanding as on 31st Mar,
2011. At Mkt value (Rs.in Lakhs)JM Multistrategy Fund 55.37 57.79 JM Nifty Plus Fund 4.35 40.54 JM Large Cap Fund 25.06 26.71 JM Mid Cap Fund 14.92 15.90
Export Import Bank of India JM High Liquidity Fund JM High Liquidity Fund 34,729.51 - JM Money Manager Fund-Super Plus Plan JM Money Manager Fund-Super Plan 480.33 -
JM Money Manager Fund-Super Plus Plan 46,570.50 - Sun Pharmaceuticals Limited JM Fixed Maturity Fund Series XIX - Plan A JM Nifty Plus Fund 1.12 9.46
JM Fixed Maturity Fund Series XIX - Plan CSBI Factors and Commercial Services Limited (Subsidiary of State Bank of India)
JM High Liquidity Fund 11,000.00 - JM Money Manager Fund-Super Plus Plan 55,500.00 -
SBI Cards & Payment Services Limited(Subsidiary of State Bank of India)
JM High Liquidity Fund 4,962.99 - JM Money Manager Fund-Regular Plan 986.56 - JM Money Manager Fund-Super Plus Plan 3,449.06 -
State Bank of Indore(Subsidiary of State Bank of India)
JM High Liquidity Fund 25,985.91 - JM Money Manager Fund-Regular Plan 2,470.56 - JM Money Manager Fund-Super Plus Plan 28,484.47 -
Vijaya Bank JM High Liquidity Fund JM High Liquidity Fund 12,349.63 - JM Money Manager Fund-Super Plus Plan JM Financial Services Fund 190.85 -
JM Arbitrage Advantage Fund 584.06 - JM Floater Fund- Long Term Plan 196.13 - JM HI FI Fund 60.14 - JM Income Fund 294.20 294.85 JM MIP Fund 147.30 147.42 JM Interval Fund - Quarterly Plan 1 784.52 786.26 JM Short Term Fund 1,672.97 1,179.40 JM Money Manager Fund-Super Plan 196.18 49.14 JM Money Manager Fund-Super Plus Plan 10,241.77 - JM Tax Gain Fund 200.19 -
Tata Teleservices (Mah) Limited JM High Liquidity Fund JM Arbitrage Advantage Fund 1,129.91 327.81 Jagran Prakashan Pvt. Limited JM Interval Fund - Quarterly Plan 1 JM High Liquidity Fund 989.03 - SBI Global Factors Ltd(Subsidiary of State Bank of India)
JM High Liquidity Fund 87,075.95 - JM Arbitrage Advantage Fund 17,000.00 - JM Short Term Fund 498.47 - JM Money Manager Fund-Super Plan 5,400.00 - JM Money Manager Fund-Super Plus Plan 68,838.67 -
JSW Energy Limited(Subsidiary of JSW Steel Ltd)
JM Basic Fund 1,209.85 682.19 JM Agri & Infra Fund 1,123.49 264.89 JM Large Cap Fund 23.60 - JM Balanced Fund 26.55 - JM Contra Fund 151.01 - JM Emerging Leaders Fund 43.11 - JM Equity Fund 170.56 - JM HI FI Fund 34.49 24.72 JM Multistrategy Fund 57.33 - JM Tax Gain Fund 72.34 -
Mahindra & Mahindra Financial Services Limited
JM High Liquidity Fund JM Basic Fund 689.89 762.21 JM High Liquidity Fund 398,484.64 - JM Agri & Infra Fund 999.44 278.38 JM Arbitrage Advantage Fund 1,200.00 - JM Contra Fund 259.34 285.64 JM HI FI Fund 24.77 27.17 JM Short Term Fund 1,500.00 - JM Money Manager Fund-Regular Plan 4,700.00 - JM Money Manager Fund-Super Plan 1,800.00 - JM Money Manager Fund-Super Plus Plan 422,381.56 - JM Multistrategy Fund 49.79 55.11 JM Mid Cap Fund 18.02 19.95
Monnet Ispat Limited JM High Liquidity Fund JM HI FI Fund 75.27 - Jindal Saw Ltd JM Floater Fund - Short Term Plan JM High Liquidity Fund 14,678.08 -
JM Agri & Infra Fund 869.61 - JM Arbitrage Advantage Fund 394.38 - JM Money Manager Fund-Super Plus Plan 6,001.04 -
JSW Steel Limited JM High Liquidity Fund JM Basic Fund 1,797.81 787.74 JM Agri & Infra Fund 827.67 352.87 JM Arbitrage Advantage Fund 255.69 125.99 JM Contra Fund 1,241.76 - JM Emerging Leaders Fund 445.54 487.47 JM MIP Fund 39.41 33.67 JM Small & Mid-Cap Fund 120.67 119.12
81
Annual Report 2010-2011
Name Of Company (Investor) Scheme in which Investment is made by the company
Scheme by which Investment is made in securities of the company
Aggregate investment by scheme in securities of the company during the
specified period (Rs. in lakhs)
Aggregate Investment Outstanding as on 31st Mar,
2011. At Mkt value (Rs.in Lakhs)JM Multistrategy Fund 150.10 54.29 JM Mid Cap Fund 19.87 19.70
Karnataka Bank JM High Liquidity Fund JM High Liquidity Fund 4,942.82 - JM Financial Services Fund 50.04 - JM HI FI Fund 25.12 -
Amtek Auto Ltd JM Floater Fund - Short Term Plan JM HI FI Fund 50.11 - PNB Housing Finance(Subsidiary of Punjab National Bank)
JM High Liquidity Fund 7,449.49 -
Asian Paints Limited JM Fixed Maturity Fund Series XIX - Plan A JM Contra Fund 258.68 257.63 JM Small & Mid-Cap Fund 79.27 79.56 JM Multistrategy Fund 40.50 40.41 JM Mid Cap Fund 29.01 29.05
Investments by the schemes in the above companies have been made to achieve the investment objectives of the relevant schemes and considering long term prospects and / or yield on investments.Derivative positions and CBLO have not been considered for investment purpose.
82
Annual Report 2010-2011PE
RsPE
CTI
VE
HIs
TORI
CA
L PE
R U
NIT
sTA
TIsT
ICs
As
AT 3
1sT
MA
RCH
201
1
(R
s. In
Lak
hs)
JM Eq
uity
Fund
JM B
alan
ced
Fund
JM M
ulti
Stra
tegy
Fun
dJM
Smal
l & M
idca
p Fu
nd
JM M
id Ca
p Fu
ndJM
Larg
e Cap
Fund
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
23-0
9-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
ANe
t Ass
et Va
lue P
er U
nit
Divid
end
15.02
6914
.2604
9.043
716
.3669
15.32
7310
.2503
13.11
5913
.3801
8.134
94.8
446
5.702
52.6
694
15.93
3817
.2123
9.152
814
.2396
12.71
119.2
431
Grow
th36
.9164
35.02
8820
.1007
22.94
7021
.4906
13.48
3514
.1029
14.38
728.1
349
4.844
65.7
025
2.669
323
.2555
25.12
1911
.9581
19.36
4517
.2857
11.65
69Bo
nus
--
--
--
--
--
--
--
--
--
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
--
--
--
--
-M
onth
ly Di
viden
d-
--
--
--
--
--
--
--
--
-Qu
arte
rly D
ivide
nd-
--
--
--
--
--
--
--
--
-An
nual
Divid
end
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Gro
wth
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Dail
y Divi
dend
-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Wee
kly D
ivide
nd
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Gro
wth
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
BGr
oss I
ncom
e per
uni
t bro
ken
up
into
the f
ollo
win
g co
mpo
nent
si)
Inco
me o
ther
than
profi
t on s
ale of
inv
estm
ent,
per u
nit0.3
60.2
80.2
10.7
30.4
10.5
30.2
50.1
90.0
80.1
00.0
70.0
70.4
00.2
40.3
50.2
60.2
40.2
5
ii) In
com
e (ne
t) fro
m pr
ofit o
n int
ersch
eme s
ale/tr
ansfe
r of
inves
tmen
t, pe
r unit
- 0.0
50.0
0(0
.02)
-(0
.06)
0.40
-(0
.17)
(0.20
)-
(0.15
)0.1
90.1
4(0
.38)
(0.17
)0.0
0(0
.01)
iii) In
com
e (ne
t) fro
m pr
ofit o
n sale
of
inves
tmen
t to t
hird p
arty,
per u
nit4.2
64.0
5(9
.49)
8.65
(0.17
)(1
5.25)
5.10
8.21
(1.72
)0.0
4(1
.75)
(5.22
)2.0
81.3
7(4
.78)
3.54
0.59
(0.44
)iv)
Tran
sfer t
o Rev
enue
acco
unt f
rom
past
year
s' re
serv
es, p
er un
it-
--
--
--
--
--
--
--
--
-
(v) C
hang
e in
unre
alise
d ap
prec
iation
/ (d
epre
ciatio
n)(1
.71)
7.83
(1.83
)(6
.34)
9.60
6.23
(4.48
)2.8
8(0
.02)
(0.38
)5.3
6(3
.87)
(2.93
)6.2
5(2
.79)
(1.45
)4.9
6(4
.96)
Gro
ss In
com
e (To
tal o
f i to
v) 2.
91
12.2
1(1
1.11
) 3.
02
9.84
(8.5
5) 1.
27
11.2
8(1
.83)
(0.4
4)3.
68(9
.17)
(0.2
6)8.
00(7
.60)
2.18
5.
79(5
.16)
Ci)
Aggr
egat
e of e
xpen
ses,
write
off,
amor
tizat
ion an
d cha
rges
, 0.
71
0.57
0.46
0.67
0.5
30.4
6 0.
50
0.41
0.10
0.18
0.1
40.1
8 0.
61
0.39
0.38
0.39
0.3
70.3
2
per u
nit in
dicat
ing s
epar
ately
pro
vision
fo
r dep
recia
tion i
n valu
e
of in
vestm
ents,
per u
nit
ii) Pr
ovisi
on fo
r dep
recia
tion
in th
e valu
e of
inve
stmen
ts-
--
--
--
--
--
--
--
--
-
Gros
s Exp
ense
s ( To
tal o
f I to
ii )
0.71
0.
570.
46 0.
67
0.53
0.46
0.50
0.
410.
10 0.
18
0.14
0.18
0.61
0.
390.
38 0.
39
0.37
0.32
DNe
t Inc
ome (
B-C)
2.20
11
.64
(11.
57)
2.35
9.
31(9
.01)
0.77
10
.87
(1.9
3) (0
.62)
3.54
(9.3
5) (0
.87)
7.61
(7.9
8) 1.
79
5.42
(5.4
8)E
If th
e un
its a
re tr
aded
or r
epur
chas
ed /
reso
ld, th
e high
est a
nd th
e low
est p
rices
pe
r unit
dur
ing th
e ye
ar a
nd th
e pr
ice-
earn
ing ra
tio
83
Annual Report 2010-2011JM
Equi
ty Fu
ndJM
Bal
ance
d Fu
ndJM
Mul
ti St
rate
gy F
und
JM Sm
all &
Mid
cap
Fund
JM
Mid
Cap
Fund
JM La
rge C
ap Fu
nd
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
23-0
9-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
i) R
epur
chas
e Pric
e1.
Hig
hest
dur
ing
the y
ear
Divid
end
16.94
3816
.3792
19.60
5117
.7937
16.44
1719
.8398
15.85
2115
.3589
9.7
750
6.740
9 6.1
738
12.56
9120
.8525
20.69
47
15.49
03
15.98
72
14.03
90
15.72
14
Grow
th41
.6255
36.40
6243
.6368
24.94
8721
.6280
26.09
7417
.0454
15.35
91
9.775
0 6.7
409
6.173
8 12
.5690
30.43
7527
.0429
20
.2392
21
.7409
17
.7052
19
.8160
Bo
nus
--
--
--
--
--
--
--
--
--
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
--
--
--
--
-M
onth
ly Di
viden
d-
--
--
--
--
--
--
--
--
-Qu
arte
rly D
ivide
nd-
--
--
--
--
--
--
--
--
-An
nual
Divid
end
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
-NA
NA-
--
--
-In
stitu
tiona
l Gro
wth
--
--
--
--
--
NANA
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Gro
wth
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
i) R
epur
chas
e Pric
e2.
Lowe
st d
urin
g th
e yea
rDi
viden
d 12
.8113
8.968
87.4
191
14.51
4110
.2002
9.069
511
.7016
8.036
7 4.6
990
4.521
8 2.7
032
2.226
814
.7463
9.036
1 7.1
364
12.43
94
9.086
3 7.9
458
Grow
th31
.4690
19.93
4316
.4901
20.35
0513
.4176
11.92
9112
.5820
8.036
7 4.6
990
4.521
8 2.7
031
2.226
721
.5219
11.80
56
9.323
3 16
.9161
11
.4591
10
.0207
Bo
nus
--
--
--
--
--
--
--
--
--
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
--
--
--
--
-M
onth
ly Di
viden
d-
--
--
--
--
--
--
--
--
-Qu
arte
rly D
ivide
nd-
--
--
--
--
--
--
--
--
-An
nual
Divid
end
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
-NA
NA-
--
--
-In
stitu
tiona
l Gro
wth
--
--
--
--
--
NANA
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Gro
wth
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
ii) R
esal
e Pric
e1.
Hig
hest
dur
ing
the y
ear
Divid
end
17.72
3817
.1332
20.50
7718
.6129
17.19
8720
.7532
16.58
1916
.0659
10
.2250
6.8
926
6.458
0 13
.1477
21.32
1721
.6473
16
.2035
16
.3469
14
.6852
16
.4452
84
Annual Report 2010-2011JM
Equi
ty Fu
ndJM
Bal
ance
d Fu
ndJM
Mul
ti St
rate
gy F
und
JM Sm
all &
Mid
cap
Fund
JM
Mid
Cap
Fund
JM La
rge C
ap Fu
nd
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
23-0
9-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
Grow
th43
.5417
38.08
2245
.6456
26.09
7322
.6236
27.29
8817
.8302
16.06
61
10.22
50
6.892
6 6.4
580
13.14
7631
.1223
28.28
79
21.17
10
22.23
01
18.52
02
20.72
82
Bonu
s-
--
--
--
--
--
--
--
--
-W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Fortn
ightly
Divi
vend
--
--
--
--
--
--
--
--
--
Mon
thly
Divid
end
--
--
--
--
--
--
--
--
--
Quar
terly
Divi
dend
--
--
--
--
--
--
--
--
--
Annu
al Di
viden
d-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Divi
dend
--
--
--
--
--
NANA
--
--
--
Insti
tutio
nal G
rowt
h-
--
--
--
--
-NA
NA-
--
--
-In
stitu
tiona
l Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Daily
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Gr
owth
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an G
rowt
h-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Insti
tutio
nal P
lan D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-ii)
Res
ale P
rice
2. Lo
west
dur
ing
the y
ear
Divid
end
13.40
119.3
816
7.760
715
.1823
10.66
989.4
871
12.24
028.4
067
4.915
4 4.6
235
2.827
6 2.3
294
15.07
819.4
521
7.465
0 12
.7193
9.5
045
8.311
6 Gr
owth
32.91
7820
.8519
17.24
9321
.2873
14.03
5212
.4783
13.16
128.4
067
4.915
4 4.6
235
2.827
5 2.3
293
22.00
6112
.3490
9.7
525
17.29
67
11.98
67
10.48
21
Bonu
s-
--
--
--
--
--
--
--
--
-W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Fortn
ightly
Divi
dend
--
--
--
--
--
--
--
--
--
Mon
thly
Divid
end
--
--
--
--
--
--
--
--
--
Quar
terly
Divi
dend
--
--
--
--
--
--
--
--
--
Annu
al Di
viden
d-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Divi
dend
--
--
--
--
--
NANA
--
--
--
Insti
tutio
nal G
rowt
h-
--
--
--
--
-NA
NA-
--
--
-
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an G
rowt
h-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Insti
tutio
nal P
lan D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-F
Ratio
of e
xpen
ses
to a
vera
ge d
aily
Ne
t Ass
ets b
y Per
cent
age
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.41
2.50
2.50
2.50
2.50
2.50
2.50
GRa
tlo o
f gl
oss
inco
me
to a
vera
ge
daily
Net
Ass
ets b
y Per
cent
age*
**10
.2253
.78(6
0.78)
11.32
46.46
(46.7
6)6.3
267
.99(2
3.62)
(5.91
)63
.79(1
20.31
)(1
.06)
50.94
(50.3
4)13
.8438
.77(3
9.89)
Price
Earn
ing Ra
tio Ω
--
--
--
--
--
--
--
--
--
85
Annual Report 2010-2011PE
RsPE
CTI
VE
HIs
TORI
CA
L PE
R U
NIT
sTA
TIsT
ICs
As
AT 3
1sT
MA
RCH
201
1
(R
s. In
Lak
hs)
JM B
asic
Fund
JM Em
ergi
ng Le
ader
s Fun
dJM
Core
11 Fu
nd Se
ries 1
JM
Tele
com
Sect
or Fu
ndJM
Tax G
ain
Fund
##JM
Agr
i & In
fra Fu
nd
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
23-0
9-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
ANe
t Ass
et Va
lue P
er U
nit
Divid
end
9.542
312
.7029
6.245
37.2
360
7.862
43.3
924
3.923
04.4
557
2.171
97.3
724
7.931
85.4
060
7.058
87.0
712
4.005
02.4
612
2.955
42.2
145
Grow
th13
.6663
18.19
368.2
929
7.220
37.8
454
3.384
53.9
230
4.455
72.1
719
7.372
47.9
319
5.406
87.0
588
7.071
24.0
051
2.461
22.9
554
2.214
5Bo
nus
--
--
--
--
--
--
--
--
--
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
--
--
--
--
-M
onth
ly Di
viden
d-
--
--
--
--
--
--
--
--
-Qu
arte
rly D
ivide
nd-
--
--
--
--
--
--
--
--
-An
nual
Divid
end
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Gro
wth
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Dail
y Divi
dend
-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Wee
kly D
ivide
nd
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Gro
wth
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
BGr
oss I
ncom
e per
uni
t bro
ken
up
into
the f
ollo
win
g co
mpo
nent
si)
Inco
me o
ther
than
profi
t on s
ale of
inv
estm
ent,
per u
nit0.2
50.1
50.2
10.1
60.0
80.1
10.0
80.0
40.0
40.1
00.0
20.0
40.0
80.0
60.0
80.0
40.0
30.0
5
ii) In
com
e (ne
t) fro
m pr
ofit o
n int
ersch
eme s
ale/tr
ansfe
r of
inves
tmen
t, pe
r unit
(0.50
)(0
.04)
(1.38
)0.0
0(0
.06)
(1.72
)(0
.03)
(0.26
)(2
.24)
- -
0.00
0.04
0.03
(0.09
)(0
.00)
(0.08
)(0
.56)
iii) In
com
e (ne
t) fro
m pr
ofit o
n sale
of
inves
tmen
t to t
hird p
arty,
per u
nit(1
.47)
(0.29
)(1
0.30)
0.73
(1.77
)(5
.73)
0.19
0.05
(3.30
)(0
.86)
0.12
(1.41
)0.0
80.6
8(3
.33)
(0.19
)(1
.11)
(4.82
)iv)
Tran
sfer t
o Rev
enue
acco
unt f
rom
past
year
s' re
serv
es, p
er un
it-
--
--
--
--
--
--
--
--
-
(v) C
hang
e in
unre
alise
d ap
prec
iation
/ (d
epre
ciatio
n)(1
.99)
11.20
(4.60
)(0
.69)
7.06
(2.42
)(0
.71)
3.28
(0.78
)0.8
51.7
7(4
.18)
(0.03
)2.2
8(1
.06)
(0.11
)2.3
70.5
6
Gro
ss In
com
e (To
tal o
f i to
v) (3
.71)
11.0
2(1
6.07
) 0.
20
5.31
(9.7
6) (0
.47)
3.11
(6.2
8) 0.
09
1.91
(5.5
5) 0.
173.
05(4
.40)
(0.2
6)1.
21(4
.77)
Ci)
Aggr
egat
e of e
xpen
ses,
write
off,
amor
tizat
ion an
d cha
rges
, 0.
43
0.37
0.32
0.25
0.1
80.2
0 0.
65
0.33
0.32
0.36
0.1
40.2
1 0.
18
0.15
0.14
0.29
0.2
90.3
1
per u
nit in
dicat
ing s
epar
ately
pro
vision
fo
r dep
recia
tion i
n valu
e
of in
vestm
ents,
per u
nit
ii) Pr
ovisi
on fo
r dep
recia
tion
in th
e valu
e of
inve
stmen
ts-
--
--
--
--
--
--
--
--
-
Gros
s Exp
ense
s ( To
tal o
f I to
ii )
0.43
0.
370.
32 0.
25
0.18
0.20
0.65
0.
330.
32 0.
36
0.14
0.21
0.18
0.
150.
14 0.
29
0.29
0.31
DNe
t Inc
ome (
B-C)
(4.1
4)10
.66
(16.
39)
(0.0
5)5.
13(9
.96)
(1.1
2)2.
78(6
.60)
(0.2
7)1.
77(5
.76)
(0.0
1)2.
90(4
.54)
(0.5
5)0.
92(5
.08)
EIf
the
units
are
trad
ed o
r rep
urch
ased
/ re
sold,
the h
ighes
t and
the l
owes
t pric
es
per u
nit d
uring
the
year
and
the
price
-ea
rning
ratio
86
Annual Report 2010-2011JM
Bas
ic Fu
ndJM
Emer
ging
Lead
ers F
und
JM Co
re 11
Fund
Serie
s 1
JM Te
leco
m Se
ctor
Fund
JM Ta
x Gai
n Fu
nd ##
JM A
gri &
Infra
Fund
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
23-0
9-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
i) R
epur
chas
e Pric
e1.
Hig
hest
dur
ing
the y
ear
Divid
end
12.99
77
14.89
75
21.82
62
9.930
7 8.5
750
14.23
18
5.033
4 4.8
746
9.718
99.1
095
9.809
6 11
.7268
8.3
890
7.520
0 10
.7964
3.146
93.4
110
7.999
3Gr
owth
18.61
59
19.78
07
28.98
47
9.909
3 8.5
564
14.20
14
5.033
4 4.8
746
9.718
99.1
095
9.810
9 11
.7259
8.3
890
7.520
0 10
.7964
3.146
93.4
109
7.999
4Bo
nus
--
--
--
--
--
--
--
--
--
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
--
--
--
--
-M
onth
ly Di
viden
d-
--
--
--
--
--
--
--
--
-Qu
arte
rly D
ivide
nd-
--
--
--
--
--
--
--
--
-An
nual
Divid
end
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Gro
wth
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Gro
wth
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
i) R
epur
chas
e Pric
e2.
Lowe
st d
urin
g th
e yea
rDi
viden
d 8.6
257
6.322
4 5.0
998
6.463
2 3.4
459
2.766
0 3.5
438
2.251
81.8
312
6.859
15.2
953
4.468
0 6.3
936
4.076
0 3.3
476
2.202
42.2
671
1.919
4Gr
owth
12.35
35
8.395
4 6.7
715
6.449
2 3.4
379
2.759
6 3.5
438
2.251
81.8
312
6.859
25.2
962
4.468
5 6.3
936
4.076
2 3.3
472
2.202
42.2
671
1.919
4Bo
nus
--
--
--
--
--
--
--
--
--
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
--
--
--
--
-M
onth
ly Di
viden
d-
--
--
--
--
--
--
--
--
-Qu
arte
rly D
ivide
nd-
--
--
--
--
--
--
--
--
-An
nual
Divid
end
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Gro
wth
--
--
--
--
--
--
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Gro
wth
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
ii) R
esal
e Pric
e1.
Hig
hest
dur
ing
the y
ear
Divid
end
13.59
61
15.58
33
22.83
10
10.38
79
8.969
8 14
.8870
5.1
986
4.984
39.9
376
9.337
210
.2863
12
.2966
8.5
778
7.689
2 11
.0393
3.217
73.4
877
8.179
3
87
Annual Report 2010-2011JM
Bas
ic Fu
ndJM
Emer
ging
Lead
ers F
und
JM Co
re 11
Fund
Serie
s 1
JM Te
leco
m Se
ctor
Fund
JM Ta
x Gai
n Fu
nd ##
JM A
gri &
Infra
Fund
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
23-0
9-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
Grow
th19
.4729
20
.6913
30
.3191
10
.3655
8.9
502
14.85
52
5.198
6 4.9
843
9.937
69.3
372
10.28
76
12.29
57
8.577
8 7.6
892
11.03
933.2
177
3.487
68.1
794
Bonu
s-
--
--
--
--
--
--
--
--
-W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Fortn
ightly
Divi
vend
--
--
--
--
--
--
--
--
--
Mon
thly
Divid
end
--
--
--
--
--
--
--
--
--
Quar
terly
Divi
dend
--
--
--
--
--
--
--
--
--
Annu
al Di
viden
d-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Divi
dend
--
--
--
--
--
--
--
--
--
Insti
tutio
nal G
rowt
h-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Daily
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Wee
kly D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Gr
owth
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an G
rowt
h-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Insti
tutio
nal P
lan D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-ii)
Res
ale P
rice
2. Lo
west
dur
ing
the y
ear
Divid
end
9.022
7 6.6
134
5.334
6 6.7
608
3.604
5 2.8
934
3.660
1 2.3
025
1.872
47.0
306
5.552
6 4.6
851
6.537
5 4.1
677
3.422
92.2
520
2.318
11.9
626
Grow
th12
.9223
8.7
818
7.083
3 6.7
460
3.596
1 2.8
866
3.660
1 2.3
025
1.872
47.0
307
5.553
6 4.6
857
6.537
5 4.1
679
3.422
52.2
520
2.318
11.9
626
Bonu
s-
--
--
--
--
--
--
--
--
-W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Fortn
ightly
Divi
dend
--
--
--
--
--
--
--
--
--
Mon
thly
Divid
end
--
--
--
--
--
--
--
--
--
Quar
terly
Divi
dend
--
--
--
--
--
--
--
--
--
Annu
al Di
viden
d-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Divi
dend
--
--
--
--
--
--
--
--
--
Insti
tutio
nal G
rowt
h-
--
--
--
--
--
--
--
--
-
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al Da
ily D
ivide
nd-
--
--
--
--
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
--
--
--
--
-
Prem
ium Pl
an G
rowt
h-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Dail
y Divi
dend
--
--
--
--
--
--
--
--
--
Regu
lar Pl
an W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Insti
tutio
nal P
lan D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-F
Ratio
of e
xpen
ses
to a
vera
ge d
aily
Ne
t Ass
ets b
y Per
cent
age
2.29
2.21
2.12
2.38
2.36
2.29
2.32
2.20
2.09
2.50
2.50
2.50
2.50
2.50
2.50
2.40
2.20
2.09
GRa
tlo o
f gl
oss
inco
me
to a
vera
ge
daily
Net
Ass
ets b
y Per
cent
age*
**(1
9.74)
66.40
(107
.53)
1.92
70.43
(109
.84)
(4.83
)65
.67(1
13.81
)0.6
135
.02(6
5.43)
2.23
50.14
(77.3
2)(7
.68)
36.81
(100
.51)
Price
Earn
ing Ra
tio Ω
--
--
--
--
--
--
--
--
--
88
Annual Report 2010-2011PE
RsPE
CTI
VE
HIs
TORI
CA
L PE
R U
NIT
sTA
TIsT
ICs
As
AT 3
1sT
MA
RCH
201
1
(R
s. In
Lak
hs)
JM H
i Fi F
und
JM Fi
nanc
ial S
ervi
ces F
und
JM H
igh
Liqui
dity
Fund
JM
Mon
ey M
anag
er Fu
nd - S
uper
Pl
us P
lan
JM M
oney
Man
ager
Fund
- Sup
er
Plan
JM M
oney
Man
ager
Fund
- Reg
ular
Pl
an01
-04-
10
to 31
-03
-11
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
23-0
9-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
01-0
4-10
to
31-
03-1
1
01-0
4-09
to
31-
03-1
0
01-0
4-08
to
31-
03-0
9
ANe
t Ass
et Va
lue P
er U
nit
Divid
end
5.052
65.4
755
3.896
710
.0919
8.939
95.9
108
--
-10
.0053
10.00
5310
.0053
10.01
1810
.0118
10.01
1810
.0112
10.01
1210
.0112
Grow
th5.0
526
5.475
63.8
961
10.09
198.9
403
5.911
326
.7560
25.10
0124
.0509
13.82
1312
.9844
12.35
8313
.8695
12.93
0212
.2035
13.46
8012
.5770
12.08
50Bo
nus
--
--
--
14.05
0613
.1810
12.63
01-
--
--
-W
eekly
Divi
dend
--
--
--
--
-10
.4273
10.33
0110
.2441
10.42
3510
.3135
10.21
4410
.3926
10.28
8810
.2223
Fortn
ightly
Divi
dend
--
--
--
--
-10
.2371
10.18
6410
.1428
10.18
3110
.1293
10.07
8610
.1334
10.07
9610
.0433
Mon
thly
Divid
end
--
--
--
--
--
--
--
--
--
Quar
terly
Divi
dend
--
--
--
15.14
4114
.2063
13.61
26-
--
--
--
--
Annu
al Di
viden
d-
--
--
--
--
--
--
--
--
-In
stitu
tiona
l Divi
dend
--
--
--
10.56
1610
.4612
10.39
72-
--
--
--
--
Insti
tutio
nal G
rowt
h-
--
--
-16
.1428
15.14
4714
.5111
--
--
--
--
-In
stitu
tiona
l Dail
y Divi
dend
--
--
--
10.01
5910
.0159
10.01
59-
--
--
--
--
Supe
r Ins
titut
ional
Daily
Divi
dend
--
--
--
10.01
6510
.0165
10.01
65-
--
--
--
--
Supe
r Ins
titut
ional
Wee
kly D
ivide
nd-
--
--
-10
.0000
10.00
0010
.0000
--
--
--
--
-Su
per I
nstit
ution
al Gr
owth
--
--
--
15.34
9414
.3993
13.79
73-
--
--
--
--
Prem
ium Pl
an D
aily D
ivide
nd
--
--
--
--
--
--
--
--
Prem
ium Pl
an W
eekly
Divi
dend
-
--
--
--
--
--
--
--
--
-Pr
emium
Plan
Divi
dend
--
--
--
--
--
--
--
--
--
Prem
ium Pl
an G
rowt
h-
--
--
--
--
--
--
--
--
-Re
gular
Plan
Dail
y Divi
dend
--
--
--
10.43
0210
.4302
10.43
02-
--
--
--
--
Regu
lar Pl
an W
eekly
Divi
dend
--
--
--
10.80
7110
.7047
10.63
92-
--
--
--
--
Insti
tutio
nal P
lan D
aily D
ivide
nd-
--
--
--
--
--
--
--
--
-B
Gros
s Inc
ome p
er u
nit b
roke
n up
in
to th
e fol
low
ing
com
pone
nts
i) In
com
e oth
er th
an pr
ofit o
n sale
of
inves
tmen
t, pe
r unit
0.09
0.07
0.15
0.19
0.19
0.25
4.48
0.43
4.37
2.91
1.04
1.97
2.48
0.20
15.83
0.85
0.04
2.41
ii) In
com
e (ne
t) fro
m pr
ofit o
n int
ersch
eme s
ale/tr
ansfe
r of
inves
tmen
t, pe
r unit
(0.02
)0.0
7(0
.75)
- (0
.16)
(1.79
)(0
.00)
-0.0
4(0
.00)
0.01
0.32
- (0
.00)
(0.51
) -
(0.00
)(0
.12)
iii) In
com
e (ne
t) fro
m pr
ofit o
n sale
of
inves
tmen
t to t
hird p
arty,
per u
nit(0
.01)
0.67
(8.77
)2.1
91.1
7(8
.82)
0.02
(0.01
)0.0
00.1
10.0
60.0
40.0
20.0
01.3
10.0
40.0
0(0
.02)
iv) Tr
ansfe
r to R
even
ue ac
coun
t fro
m pa
st ye
ars'
rese
rves
, per
unit
--
--
--
--
--
--
--
--
--
(v) C
hang
e in
unre
alise
d ap
prec
iation
/ (d
epre
ciatio
n)(0
.24)
1.27
1.96
(0.11
)3.4
12.3
00.0
0(0
.00)
0.01
(0.07
)0.0
10.0
00.0
0-
0.01
(0.00
)0.0
00.2
0
Gro
ss In
com
e (To
tal o
f i to
v) (0
.18)
2.08
(7.4
1) 2.
27
4.61
(8.0
6) 4.
50
0.42
4.42
2.95
1.12
2.33
2.50
0.
2016
.64
0.89
0.
042.
47
Ci)
Aggr
egat
e of e
xpen
ses,
write
off,
amor
tizat
ion an
d cha
rges
, 0.
16
0.15
0.20
0.32
0.2
60.2
9 0.
14
0.02
0.10
0.16
0.0
70.0
8 0.
13
0.01
0..54
0.04
0.0
00.1
0
per u
nit in
dicat
ing s
epar
ately
pro
vision
fo
r dep
recia
tion i
n valu
e
of in
vestm
ents,
per u
nit
ii) Pr
ovisi
on fo
r dep
recia
tion
in th
e valu
e of
inve
stmen
ts-
--
--
--
--
--
--
--
--
-
Gros
s Exp
ense
s ( To
tal o
f I to
ii )
0.16
0.
150.
20 0.
32
0.26
0.29
0.14
0.
020.
10 0.
16
0.07
0.08
0.13
0.
010.
54 0.
04
0.00
0.10
DNe
t Inc
ome (
B-C)
(0.3
4)1.
93(7
.61)
1.95
4.
35(8
.35)
4.36
0.
404.
32 2.
79
1.05
2.25
2.37
0.19
16.1
0 0.
850.
042.
37E
If th
e un
its a
re tr
aded
or r
epur
chas
ed /
reso
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e high
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Annual Report 2010-2011JM
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Rep
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4.540
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13.80
02
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10.43
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--
--
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Regu
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10.70
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esal
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90
Annual Report 2010-2011JM
Hi F
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dJM
Fina
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Hig
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1. H
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10.33
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10.31
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Insti
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Ratio
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cent
age
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2.50
2.50
2.50
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2.50
0.21
0.20
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0.32
0.34
0.31
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7.53
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10.57
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--
--
--
--
--
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91
Annual Report 2010-2011PE
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0
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4-08
to
31-
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9
01-0
4-10
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1
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4-09
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31-
03-1
0
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4-08
to
31-
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9
ANe
t Ass
et Va
lue P
er U
nit
Divid
end
15.44
7014
.5549
13.94
8510
.0883
10.08
8310
.0883
--
-10
.0244
10.00
7410
.0062
10.82
7210
.0495
NA
10.40
799.9
865
10.08
18Gr
owth
15.39
4314
.5053
13.90
0915
.6841
14.81
7614
.2827
15.28
1714
.7442
13.39
2512
.4714
11.69
0811
.2814
10.82
7310
.0494
NA
29.41
8028
.2268
28
.4963
Bonu
s-
--
--
--
--
--
--
--
12.03
5211
.5479
11
.6581
Wee
kly D
ivide
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--
--
--
--
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
--
--
--
--
-M
onth
ly Di
viden
d-
--
--
-10
.1818
10.26
699.6
417
--
--
--
--
-Qu
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rly D
ivide
nd-
--
--
-11
.5148
11.10
9810
.0915
--
--
--
--
-An
nual
Divid
end
--
--
--
12.27
6611
.8448
10.75
91-
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
10.02
5110
.0000
10.00
61-
--
--
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stitu
tiona
l Gro
wth
--
--
--
--
-12
.6039
11.77
6311
.3356
--
--
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tutio
nal D
aily D
ivide
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--
--
--
--
--
--
--
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per I
nstit
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per I
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r Ins
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10.41
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--
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Prem
ium Pl
an D
ivide
nd10
.2809
10.22
6710
.1880
--
--
--
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emium
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14.83
5813
.9639
13.36
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--
--
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lar Pl
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gular
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ivide
nd10
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10.28
3110
.2108
--
--
--
--
--
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-In
stitu
tiona
l Plan
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y Divi
dend
--
--
--
--
--
--
--
--
-B
Gros
s Inc
ome p
er u
nit b
roke
n up
in
to th
e fol
low
ing
com
pone
nts
i) In
com
e oth
er th
an pr
ofit o
n sale
of
inves
tmen
t, pe
r unit
0.67
1.20
3.03
1.78
2.74
0.06
1.05
0.62
0.81
1.04
7.68
41.79
0.74
0.05
NA0.9
20.9
01.0
1
ii) In
com
e (ne
t) fro
m pr
ofit o
n int
ersch
eme s
ale/tr
ansfe
r of
inves
tmen
t, pe
r unit
(0.00
)-
0.01
(0.00
)0.0
40.0
0(0
.05)
(0.01
)(0
.23)
- -
(0.59
) -
-NA
0.02
(0.01
)(0
.28)
iii) In
com
e (ne
t) fro
m pr
ofit o
n sale
of
inves
tmen
t to t
hird p
arty,
per u
nit(0
.01)
-0.0
00.0
00.0
20.0
00.1
60.3
0(1
.12)
0.00
-0.7
00.0
9-
NA0.2
0(0
.71)
(1.31
)iv)
Tran
sfer t
o Rev
enue
acco
unt f
rom
past
year
s' re
serv
es, p
er un
it-
--
--
--
--
--
--
-NA
--
-
(v) C
hang
e in
unre
alise
d ap
prec
iation
/ (d
epre
ciatio
n)0.0
1(0
.02)
0.00
0.00
(0.00
)0.0
0(0
.23)
0.57
0.16
- -
0.00
(0.00
)0.0
0NA
(0.05
)0.0
10.0
2
Gro
ss In
com
e (To
tal o
f i to
v) 0.
67
1.18
3.04
1.78
2.
800.
06 0.
93
1.48
(0.3
8) 1.
04
7.68
41.9
0 0.
83
0.05
NA 1.
090.
19(0
.56)
Ci)
Aggr
egat
e of e
xpen
ses,
write
off,
amor
tizat
ion an
d cha
rges
, 0.
05
0.13
0.20
0.07
0.1
70.0
0 0.
37
0.28
0.32
0.03
2.6
00.6
7 0.
05
0.00
NA 0.
38
0.43
0.31
per u
nit in
dicat
ing s
epar
ately
pro
vision
fo
r dep
recia
tion i
n valu
e
of in
vestm
ents,
per u
nit
ii) Pr
ovisi
on fo
r dep
recia
tion
in th
e valu
e of
inve
stmen
ts-
--
--
--
--
--
--
-NA
--
-
Gros
s Exp
ense
s ( To
tal o
f I to
ii )
0.05
0.
130.
20 0.
07
0.17
0.00
0.37
0.
280.
32 0.
03
2.60
0.67
0.05
0.
00NA
0.38
0.
430.
31D
Net I
ncom
e (B-
C) 0.
62
1.05
2.84
1.71
2.
630.
06 0.
56
1.20
(0.7
0) 1.
01
5.08
41.2
3 0.
78
0.05
NA 0.
71(0
.24)
(0.8
7)E
If th
e un
its a
re tr
aded
or r
epur
chas
ed /
reso
ld, th
e high
est a
nd th
e low
est p
rices
pe
r unit
dur
ing th
e ye
ar a
nd th
e pr
ice-
earn
ing ra
tio
92
Annual Report 2010-2011JM
Floa
ter F
und-
Long
Term
Pla
nJM
Floa
ter F
und
- Sho
rt Te
rm P
lan
JM M
IP Fu
ndJM
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9
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31-
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9
i) R
epur
chas
e Pric
e1.
Hig
hest
dur
ing
the y
ear
Divid
end
15.36
9814
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13
.8788
10.08
8310
.0883
10
.0883
--
-10
.2250
10.02
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10.17
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10.82
72
10.04
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NA10
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.3173
14.43
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13.83
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14.81
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14.28
2715
.4438
14.72
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14.36
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.4714
11.57
39
11.16
86
10.82
73
10.04
94
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28.26
1329
.8437
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s-
--
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--
12.03
5211
.6788
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--
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ightly
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--
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thly
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end
--
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10.29
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.3483
10
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arte
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ivide
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.5785
11.09
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al Di
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.3446
11.83
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Insti
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10.23
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.0267
10
.1874
-
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-12
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11.65
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10.41
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10.23
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14.83
5813
.9639
13
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Regu
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9.953
1 9.9
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10.32
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Insti
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--
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-i)
Rep
urch
ase P
rice
2. Lo
west
dur
ing
the y
ear
Divid
end
14.49
2213
.8818
12
.8960
10.08
8310
.0883
10
.0883
--
-10
.0000
9.900
0 9.9
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10.05
99
10.00
00
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9.742
8 9.9
771
Grow
th14
.4428
13.83
45
12.85
2214
.8195
14.28
65
13.24
3914
.5395
13.37
97
13.15
4811
.6965
11.17
14
10.14
14
10.05
99
10.00
00
NA27
.9625
27.53
80
28.20
03Bo
nus
--
--
--
--
--
--
--
-11
.5553
11.37
99
11.65
36W
eekly
Divi
dend
--
--
--
--
--
--
--
--
--
Fortn
ightly
Divi
dend
--
--
--
--
--
--
--
--
--
Mon
thly
Divid
end
--
--
--
9.851
79.6
325
9.470
6-
--
--
--
--
Quar
terly
Divi
dend
--
--
--
10.95
5410
.0817
10
.0166
--
--
--
--
-An
nual
Divid
end
--
--
--
11.68
0210
.7487
10
.6793
--
--
--
--
-In
stitu
tiona
l Divi
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--
--
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9.900
0 9.9
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--
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Insti
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--
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11.78
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.2250
10
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10.31
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10.22
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13.97
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12
.4096
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ii) R
esal
e Pric
e
93
Annual Report 2010-2011JM
Floa
ter F
und-
Long
Term
Pla
nJM
Floa
ter F
und
- Sho
rt Te
rm P
lan
JM M
IP Fu
ndJM
Inte
rval
Fund
- Qua
rter
ly
Plan
1 $$
JM Fi
xed
Mat
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s XV
III - 1
5 Mon
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1 $$
JM In
com
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to
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31-
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9
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4-10
to
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9
1. H
ighe
st d
urin
g th
e yea
rDi
viden
d 15
.4470
14.55
49
13.94
8510
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10.08
83
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--
10.22
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.1279
10
.2757
10
.8272
10
.0495
NA
10.40
7910
.0997
10
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Grow
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.3943
14.50
53
13.90
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.6841
14.81
76
14.28
2715
.4438
14.80
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14.43
7212
.4714
11.69
08
11.28
14
10.82
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10.04
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28.54
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30.14
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.0352
11.67
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12.33
27W
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ightly
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vend
--
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Mon
thly
Divid
end
--
--
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10.34
6910
.4003
10
.7176
--
--
--
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-Qu
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ivide
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-11
.6367
11.15
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Annu
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.4066
11.88
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10.23
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.1280
10
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11.77
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Wee
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10.31
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Prem
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13.96
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13.36
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--
--
--
--
--
--
--
Regu
lar Pl
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10.00
31
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--
--
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--
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Regu
lar Pl
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dend
10.37
9510
.2874
10
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--
--
--
--
--
--
--
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stitu
tiona
l Plan
Dail
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ii) R
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10.08
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10.08
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--
10.00
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9.992
99.8
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10.07
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owth
14.51
5413
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12
.9168
14.81
9514
.2865
13
.2439
14.61
2613
.4469
13
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11.69
6511
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10
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10
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28.24
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.8162
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Bonu
s-
--
--
--
--
--
--
--
11.55
5311
.3799
11
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Wee
kly D
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-9.9
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Prem
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10.28
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ly
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20.5
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50.2
50.2
52.2
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60.4
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2.25
2.25
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8.29
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Price
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ing Ra
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--
--
--
--
--
--
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94
Annual Report 2010-2011PE
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As
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1sT
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JM Sh
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JM G
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11.51
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11.38
9014
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14.24
3713
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5.125
75.6
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3.276
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.2094
10.08
8910
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16.86
3415
.2019
10.72
8610
.1741
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Grow
th19
.2028
18.00
3216
.9959
31.06
6229
.7990
27.58
875.1
257
5.601
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13.80
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.9240
12.44
3818
.5167
16.69
8210
.7286
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.1078
14.49
1513
.4165
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--
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kly D
ivide
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--
--
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--
--
--
--
--
--
Insti
tutio
nal D
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.4507
10.39
2610
.3304
--
--
--
--
--
--
--
-In
stitu
tiona
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13.87
8812
.9657
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lar Pl
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gular
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--
--
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BGr
oss I
ncom
e per
uni
t bro
ken
up
into
the f
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g co
mpo
nent
si)
Inco
me o
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than
profi
t on s
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inv
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per u
nit0.1
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91.4
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82.5
50.3
90.1
20.0
60.0
70.7
30.2
90.8
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60.0
30.0
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ii) In
com
e (ne
t) fro
m pr
ofit o
n int
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eme s
ale/tr
ansfe
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inves
tmen
t, pe
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0.00
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50.5
70.0
3(0
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0.03
(0.71
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0.08
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0 -
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iii) In
com
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t) fro
m pr
ofit o
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of
inves
tmen
t to t
hird p
arty,
per u
nit0.0
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80.4
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8 -
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iv) Tr
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m pa
st ye
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rese
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, per
unit
--
--
--
--
--
--
--
--
NANA
(v) C
hang
e in
unre
alise
d ap
prec
iation
/
(dep
recia
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0.00
(0.04
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72.8
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7NA
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Gro
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com
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tal o
f i to
v) 0.
122.
191.
85 2.
61
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0.59
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57 1.
95
6.30
0.73
0.18
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Ci)
Aggr
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write
off,
amor
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01
0.28
0.15
0.91
1.4
10.1
6 0.
19
0.14
0.16
0.34
0.1
40.2
7 0.
23
0.19
0.02
0.00
NA
NA
per u
nit in
dicat
ing s
epar
ately
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vision
fo
r dep
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tion i
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of in
vestm
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per u
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ii) P
rovis
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r dep
recia
tion
in th
e valu
e of
inve
stmen
ts-
--
--
--
--
--
--
--
-NA
NA
Gros
s Exp
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s ( To
tal o
f I to
ii )
0.01
0.
280.
15 0.
91
1.41
0.16
0.19
0.
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16 0.
34
0.14
0.27
0.23
0.
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02 0.
00
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DNe
t Inc
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B-C)
0.11
1.91
1.70
1.70
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480.
43 (0
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3.10
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76
0.52
1.30
1.72
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110.
71 0.
18NA
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If th
e un
its a
re tr
aded
or r
epur
chas
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reso
ld, th
e high
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nd th
e low
est p
rices
pe
r unit
dur
ing th
e ye
ar a
nd th
e pr
ice-
earn
ing ra
tio
95
Annual Report 2010-2011JM
Shor
t Ter
m Fu
ndJM
G Se
c Fun
d Re
gula
r Pla
nJM
Cont
ra Fu
ndJM
Arb
itrag
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Nift
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Fixe
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XIX -
Pla
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$$01
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to 31
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Hig
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dur
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11.54
5611
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1514
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14.16
73
14.35
346.7
570
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9 11
.2459
10.30
4910
.1468
10.27
2917
.9178
16.44
68
10.64
0710
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18.00
3216
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30.83
3229
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19.67
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10
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10.17
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.1078
14.52
27
14.71
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terly
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viden
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--
--
--
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--
--
--
--
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stitu
tiona
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dend
10.48
0810
.4412
10
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--
--
--
--
--
--
--
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stitu
tiona
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13.87
8812
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--
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-i)
Rep
urch
ase P
rice
2. Lo
west
dur
ing
the y
ear
Divid
end
11.44
9411
.3928
11
.2397
14.07
1613
.0850
10
.4173
4.678
43.2
574
2.716
110
.0357
9.965
59.8
333
13.60
1410
.5706
8.9
412
10.00
00NA
NAGr
owth
18.01
0817
.0016
14
.6651
29.62
7127
.3748
21
.7896
4.678
43.2
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.8558
12.35
1311
.4922
14.93
8410
.5706
8.9
412
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nus
--
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.4079
13.41
31
10.68
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--
--
--
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--
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--
--
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--
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--
--
--
--
Mon
thly
Divid
end
--
--
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--
--
--
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Quar
terly
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Annu
al Di
viden
d-
--
--
--
--
--
--
--
--
-In
stitu
tiona
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dend
10.38
9310
.3341
10
.1909
--
--
--
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--
--
--
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tiona
l Gro
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12.97
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10
.4817
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--
--
--
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-ii)
Res
ale P
rice
96
Annual Report 2010-2011JM
Shor
t Ter
m Fu
ndJM
G Se
c Fun
d Re
gula
r Pla
nJM
Cont
ra Fu
ndJM
Arb
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Regu
lar Pl
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Lowe
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viden
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.4494
11.39
28
11.23
9714
.1779
13.18
39
10.49
604.7
837
3.407
4 2.8
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10.08
6110
.0156
9.882
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.2276
11.05
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9.352
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Grow
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16
14.66
5129
.8510
27.58
17
21.95
434.7
837
3.407
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12.92
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.4134
11.54
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11.05
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Bonu
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14.51
6813
.4131
10
.6808
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--
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kly D
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tutio
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.3893
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--
--
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--
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tutio
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.9718
12.19
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60.8
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52.2
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52.3
72.3
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71.4
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Net
Ass
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53.12
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Price
Earn
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tio Ω
--
--
--
--
--
--
--
--
--
97
Annual Report 2010-2011PE
RsPE
CTI
VE
HIs
TORI
CA
L PE
R U
NIT
sTA
TIsT
ICs
As
AT 3
1sT
MA
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201
1
(R
s. In
Lak
hs)
JM Fi
xed
Mat
urity
Fund
Serie
s XIX
- Pla
n B
$$JM
Fixe
d M
atur
ity Fu
nd Se
ries X
IX - P
lan
C $$
JM Fi
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31-0
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31-0
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to 31
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31-0
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25-0
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ANe
t Ass
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nit
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10.00
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NA10
.0899
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10.14
59NA
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10.09
83NA
NA10
.0899
NANA
10.14
59NA
NABo
nus
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nit0.1
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ii) In
com
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t) fro
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net)
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iv) Tr
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If th
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Bonu
s-
--
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kly D
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98
Annual Report 2010-2011JM
Fixe
d M
atur
ity Fu
nd Se
ries X
IX - P
lan
B $$
JM Fi
xed
Mat
urity
Fund
Serie
s XIX
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Bonu
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--
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kly D
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Hig
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dur
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10.09
57NA
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59NA
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10.09
83NA
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nus
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Mon
thly
Divid
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--
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99
Annual Report 2010-2011JM
Fixe
d M
atur
ity Fu
nd Se
ries X
IX - P
lan
B $$
JM Fi
xed
Mat
urity
Fund
Serie
s XIX
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-03-
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Annu
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viden
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--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
Insti
tutio
nal G
rowt
h-
--
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
Supe
r Ins
titut
ional
Daily
Divi
dend
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
-Su
per I
nstit
ution
al Gr
owth
--
--
--
--
-Pr
emium
Plan
Dail
y Divi
dend
--
--
--
--
-
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
-
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
Prem
ium Pl
an G
rowt
h-
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
Regu
lar Pl
an W
eekly
Divi
dend
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
--
--
--
--
-ii)
Res
ale P
rice
2. Lo
west
dur
ing
the y
ear
Divid
end
10.00
00NA
NA10
.0000
NANA
10.00
00NA
NAGr
owth
10.00
00NA
NA10
.0000
NANA
10.00
00NA
NABo
nus
--
--
--
--
-W
eekly
Divi
dend
--
--
--
--
-Fo
rtnigh
tly D
ivide
nd-
--
--
--
--
Mon
thly
Divid
end
--
--
--
--
-Qu
arte
rly D
ivide
nd-
--
--
--
--
Annu
al Di
viden
d-
--
--
--
--
Insti
tutio
nal D
ivide
nd-
--
--
--
--
Insti
tutio
nal G
rowt
h-
--
--
--
--
Insti
tutio
nal D
aily D
ivide
nd-
--
--
--
--
Supe
r Ins
titut
ional
Daily
Divi
dend
--
--
--
--
-Su
per I
nstit
ution
al W
eekly
Divi
dend
--
--
--
--
-
Supe
r Ins
titut
ional
Grow
th-
--
--
--
--
Prem
ium Pl
an D
aily D
ivide
nd-
--
--
--
--
Prem
ium Pl
an W
eekly
Divi
dend
--
--
--
--
-
Prem
ium Pl
an D
ivide
nd-
--
--
--
--
Prem
ium Pl
an G
rowt
h-
--
--
--
--
Regu
lar Pl
an D
aily D
ivide
nd-
--
--
--
--
Regu
lar Pl
an W
eekly
Divi
dend
--
--
--
--
-In
stitu
tiona
l Plan
Dail
y Divi
dend
--
--
--
--
-F
Ratio
of ex
pens
es to
aver
age d
aily
Net
Ass
ets b
y Per
cent
age
0.25
NANA
0.2NA
NA1.0
0NA
NAG
Ratlo
of
glos
s in
com
e to
ave
rage
dai
ly N
et A
sset
s by
Pe
rcen
tage
***
1.00
NANA
0.91
NANA
1.46
NANA
Price
Earn
ing Ra
tio Ω
--
--
--
--
-
Note
: On r
eque
st a u
nit ho
lder c
an ob
tain
from
the m
utua
l fund
a co
py of
the A
nnua
l Rep
ort o
f the
sche
me i
n whic
h he h
as in
veste
d. Ω
Trad
ing Pr
ice an
d Pric
e Ear
ning R
atio
are n
ot ap
plica
ble si
nce t
he un
its of
the s
chem
e are
not t
rade
d.
1. $$
Thes
e are
clos
e end
ed sc
hem
es
2. ##
This
is an
open
ende
d equ
ity lin
ked s
aving
sche
me
3. Du
ring t
he ye
ar en
ded 3
1st M
arch
, 201
1, JM
Core
11 Fu
nd -
Seire
s 1 an
d JM
Agri &
Infra
Fund
being
clos
e end
ed sc
hem
es ha
ve be
en co
nver
ted i
nto o
pen e
nded
sche
mes
w.e.
f 5th
Mar
ch, 2
011 a
nd 18
th Ja
nuar
y, 20
11, re
spec
tively
4. **
* inc
luding
net u
nrea
lised
gain/
lossfo
r the
year.
In order to ensure that an active role is played in better Corporate Governance of the Listed Companies where investment of Mutual Fund Schemes is made and in compliance with SEBI guidelines, JM Financial Asset Management Pvt. Ltd. (the “AMC”) shall adhere to the following policy guidelines.
1. This Policy is effective from June 30, 2011 in supersession of the existing practice and policies.
2. This Policy will be effective for all listed companies, wherein equity schemes of JM Financial Mutual Fund (except JM Arbitrage Advantage Fund) have invested.
3. The AMC shall endeavour to participate in voting process of the Companies on all Ordinary and Extra-ordinary resolutions in all AGMs/ EGMs which may affect the interest of its investors.
4. The voting may be done by Postal Ballot or through physical attendance by any of its authorized officials. The AMC may decide not to attend the meeting/ vote in postal ballot in case the proposals do not materially impact the interests of the unitholders.
5. The Mutual Fund should not give proxy to any broker or outsider for voting on its behalf.
6. Personal Attendance - The AMC will ensure personal attendance for voting on best efforts basis subject to certain conditions,
i. Where the Mutual Fund Schemes hold 5% or more (on the date of review of the resolutions or the holding as of the end of the previous month) of the Paid up Capital of the investee Company.
Or
ii. The minimum investment of any Scheme of the Mutual Fund in the particular investee company is not less than Rs. 15 crore
Or
iii. Where any company has invested more than 10% of the corpus of all the equity schemes of JM Financial Mutual Fund and the Mutual Fund has in turn invested in the said Company
Or
iv. Where any company has invested 10% or more of the corpus of any of the equity scheme of JM Financial Mutual Fund and the Mutual Fund has in turn invested in the said Company
Provided
a. The proposed meeting is held in cities in which the AMC has its offices
b. The resolutions are not ordinary resolutions as mentioned in point no. 9 hereunder
Exception to the above
In cases where any of the Special resolutions is relating to Merger/Demerger/Hive Off/ Amalgamation/ Sale/ Acquisitions/ Preferential Allotment or Issue of FCCB/ECB/ Financial Restructuring or Reschedulement, Capital Reduction or any other Capital Restructuring, Closure or Sale any plant etc. which is expected to impact the valuations of the investments, the respective Fund Manager/CEO may decide to depute its official in person even if the above criteria are not fulfilled .
The AMC may authorize any of its officials (Any Director of the AMC or Trustee Company) Chief Executive Officer (CEO )/Chief Operating Officer (COO) , Chief Investment Officer (CIO), concerned Fund Manager , Head- Legal & Compliance, Head – Operations or any other Officers of the rank of Manager and above, who is authorised) from Corporate Office/Branch Offices to attend the meeting in person and to vote as approved internally by the Competent Authority.
7. Voting by Ballot: In other cases, the AMC shall endeavor to cast its votes on all resolutions if the facility of voting through postal ballots has been provided and subject to having received the communication in time.
8. The decision regarding the voting on the resolution, i.e. whether the Mutual Fund will vote for or against the resolution proposed by the Company/Issuer, will be taken by the Fund Manager in consultation with the CEO/ Chairman of the AMC/ Equity CIO. In the absence of the CEO/ Chairman of the AMC/ Equity CIO, the concerned Fund Manager shall keep them informed.
9. The actual exercise of the votes in the AGMs/EGMs of the investee companies or through postal ballot will cover the following matters and will be reported in the SEBI prescribed format (Annexure A attached)
A. Ordinary Resolutions :
a. Adopting the Annual Accounts (P&L & Balance Sheet)
b. Declaration of Annual or Interim or Final or Special Dividend
c. Appointment or removal or retirement of Directors
d. Appointment or Re-appointment of Auditors
B. Special Resolutions;
a. Corporate governance matters, including changes in the state of incorporation, merger and other corporate restructuring, and anti takeover provisions.
b. Changes to capital structure, including increases and decreases of capital and preferred stock issuances.
c. Stock option plans and other management compensation issues;
d. Social and corporate responsibility issues.
e. Any other issue that may affect the interest of the shareholders in general and interest of the unit-holders in particular e.g. stock split, etc.
10. Whenever there is a change in Auditors, Independent Directors, Key Management personnel of the investee companies or restructuring, etc., the Mutual Fund shall be vigilant and may make more enquiries and seek valuation reports, latest shareholding pattern, etc., including asking the Company / Issuer to provide reasons for the same.
11. Any Corporate Governance Issues requiring support from other shareholders may be discussed with them by the AMC officials.
12. A report shall be presented to the Investment Executive Committee (“IEC”) in its forthcoming meeting by the Fund Manager/ any other designated person who has voted at meetings/ through postal ballot on the reasons / justifications for so voting as well as the events which transpired at the said meeting/ voting, if the attendance is through a physical meeting.
13. The general policies and procedures stated above for exercising the voting rights in respect of shares held by the AMC, to be disclosed on the website of the Mutual Fund as well as in the Annual Report distributed to the unit holders from the financial year 2010-11 onwards.
14. Investments in group companies of the AMC: In case of investments in group companies of the AMC, the Mutual Fund, through the authorized personnel of the AMC, will attend all the general meetings in person. Further while reporting regarding the voting to the IEC, separate disclosures shall be ensured by the concerned personnel.
15. Abstain from voting: In case of late receipt/ non receipt of notice/ postal ballot papers in time, it shall be deemed that the Mutual Fund has abstained from voting.
16. This Policy is a broad framework and only seeks to serve as a guide. However, the CEO/ Chairman of the AMC/ Equity CIO may take a call based on other supporting data and documents and proceed accordingly. The AMC further shall have an internal process note for implementation of the Policy, covering the operational part and assigning responsibilities to the designated personnel.
17. Notwithstanding anything to the contrary contained in this Policy, as amended from time to time, the relevant Regulations for the time being in force shall have effect. In the event of conflict or inconsistency between the provisions of the relevant Regulations for the time being in force and this Policy, the former shall prevail to the extent of such conflict or inconsistency.
In case of any change in this Policy due to amendment in the relevant Regulations, the Board of Directors will be kept informed of the changes. However, for any amendment in the Policy other than due to change(s) in the relevant Regulations, prior approval of the Board of Directors of the AMC and Trustee Company shall be obtained
Annexure A
Management Proposal
Date Type of Meeting (AGM/EGM)
Proposal Management Recommendation
Vote (For/Against/Abstain)
Shareholder Proposal
Date Type of Meeting (AGM/EGM)
Proposal Management Recommendation
Vote (For/Against/Abstain)
CORPORATE GOVERNANCE POLICY(The duly amended Policy was approved by the Board of Trustees on June 29, 2011)
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
15-M
ar-1
0AG
MEIC
HER M
OTOR
SRe
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
,App
ointm
ent o
f Cha
rtere
d Acco
unta
nts a
s Aud
itors
of th
e Com
pany
,To pr
ovide
re
nt fr
ee ac
com
mod
ation
to th
e Man
aging
Dire
ctor.
N/A
Absta
in
5-Ap
r-10
AGM
AMBU
JA CE
MEN
TS LT
DTo
appr
ove R
e-ap
point
men
t of M
r. Nas
ser M
unjee
, Mr. R
ajend
ra P.
Chita
le &
Mr. S
haile
sh H
aribh
akti
as D
irecto
r, Pay
men
t of c
omm
ission
to th
e Dire
ctors,
appo
intm
ent o
f Mr.
Onne
van d
er W
eijde
as th
e Who
le-tim
e Dire
ctor &
appr
oval
of Em
ploye
es St
ock O
ption
SN/
AAb
stain
8-Ap
r-10
AGM
ACC L
TDTo
appr
ove r
e-ap
point
men
t of M
r. S. M
. Pali
a, M
r. Nar
esh C
hand
ra, M
r. Sha
ilesh
Har
ibhak
ti an
d Mr. K
uldip
Kaur
a as D
irecto
rs of
the C
ompa
ny an
d pay
men
t of c
omm
ission
to
Non-
exec
utive
Dire
ctors.
N/A
Absta
in
21-A
pr-1
0AG
MNE
STLE
INDI
AAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rs,Ap
point
men
t of A
udito
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Di
viden
d,Alte
ratio
n of A
OA.
N/A
Absta
in
23-A
pr-1
0AG
MSK
F IND
IA LT
DRe
-app
ointm
ent o
f Mr. K
.C. M
ehra
, Mr. N
.J. Jh
aver
i, Mr. T
. Sth
en as
Dire
ctors
& ap
point
men
t of M
r. R. M
akhij
a & M
r. S. J
oship
ura a
s the
Dire
ctors
of th
e Com
pany
& M
r. S.
Josh
ipura
as th
e Man
aging
Dire
ctor.
N/A
Absta
in
29-A
pr-1
0AG
MHE
XAW
ARE
TECH
NOLO
GIES
LTD
Adop
tion o
f P&L
and B
alanc
e She
et,A
ppoin
tmen
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Decla
ratio
n of D
ivide
nd,A
ppoin
tmen
t of C
harte
red A
ccoun
tant
s as A
udito
rs of
the
Com
pany
,App
ointm
ent o
f Man
ager
of th
e com
pany
,Paym
ent o
f com
miss
ion to
Non
-who
letim
e dire
ctors.
N/A
Absta
in
10-M
ay-1
0AG
MRA
NBAX
Y LAB
ORAT
ORIES
To ap
prov
e app
ointm
ent o
f Dr. T
suto
mu U
ne &
Mr. A
tul S
obti
as a
Dire
ctors
of th
e Com
pany
& ap
point
men
t of M
r. Sob
ti as
CEO
& M
anag
ing D
irecto
r.N/
AAb
stain
11-M
ay-1
0AG
MAB
B LTD
Adop
tion o
f Bala
nce S
heet
and P
rofit
& Lo
ss Ac
coun
t, De
clara
tion o
f Divi
dend
and R
eapp
ointm
ent o
f Dire
ctors
and A
udito
rs of
the C
ompa
nyN/
AAb
stain
11-M
ay-1
0AG
MHE
IDEL
BERG
CEM
ENT
INDI
A LIM
ITED
Appo
intm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,De
clara
tion o
f Divi
dend
,Re-
Appo
intm
ent o
f Cha
rtere
d Acco
unta
nts a
s Aud
itors
of th
e Com
pany
, Aut
horis
ing th
e Boa
rd
to Bo
rrow
Fund
s upt
o Rs.
1200
cror
e and
to Cr
eate
a Ch
arge
or M
ortg
age o
n the
Com
pany
's pr
oper
ties f
or se
curin
g the
amou
nt bo
rrowe
d fro
m th
e Ban
ks an
d Fina
ncial
In
stitu
tions
N/A
Absta
in
8-Ju
n-10
AGM
AXIS
BANK
To ap
prov
e app
ointm
ent o
f Sm
t. Sh
ikha S
harm
a and
Dr. A
darsh
Kish
ore a
s Dire
ctors
of th
e Ban
k, ap
point
men
t of S
mt.
Shikh
a Sha
rma,
Man
aging
Dire
ctor a
nd CE
O an
d Shr
i M
. M. A
graw
al as
Dep
uty M
anag
ing D
irecto
r & Is
sue,
offer
and a
llotm
ent o
f add
ition
al eq
uity
N/A
Absta
in
10-Ju
n-10
AGM
ALLA
HABA
D BA
NKTo
fill t
he ca
usal
vaca
ncy o
f sha
reho
lders'
dire
ctor t
hrou
gh el
ectio
n.N/
AAb
stain
10-Ju
n-10
AGM
INDI
AN BA
NKAd
optio
n of P
&L an
d Bala
nce S
heet
,Ann
ual R
epor
t. de
clara
tion o
f Divi
dend
for d
iscus
sion.
N/A
Absta
in11
-Jun-
10AG
MHI
NDUS
TAN
CONS
TRUC
TION
CO. L
TDTo
appr
ove r
e-ap
point
men
t of M
r. D. M
. Pop
at an
d Mr. Y
. H. M
alega
m as
Dire
ctors
of th
e Com
pany
, Mr. K
. G. T
endu
lkar a
nd M
r. Anil
Sing
hvi a
s Dire
ctors
of th
e Com
pany
, In
creas
e in t
he Au
thor
ised S
hare
Capit
al &
alter
ation
in th
e Arti
cles o
f Asso
ciatio
n.N/
AAb
stain
11-Ju
n-10
AGM
SOBH
A DEV
ELOP
ERS L
TDAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs an
d Dec
larat
ion of
Divi
dend
N/A
Absta
in11
-Jun-
10AG
MST
ERLIT
E IND
USTR
IES
INDI
A LTD
To ap
prov
e re-
appo
intm
ent o
f Mr. A
nil Ag
arwa
l & M
r. Gau
tam
Dos
hi as
Dire
ctors,
incre
ase i
n Aut
horis
ed Sh
are C
apita
l, sub
-divi
sion o
f equ
ity sh
ares
, alte
ratio
n to
Mem
oran
dum
of A
ssocia
tion a
nd Is
sue o
f Bon
us sh
ares
.N/
AAb
stain
12-Ju
n-10
AGM
INFO
SYS T
ECHN
OLOG
IES
LTD
Re-a
ppoin
tmen
t of N
. R. N
aray
ana M
urth
y, Pr
of. M
arti
G. Su
brah
man
yam
, S. G
opala
krish
nan,
S. D.
Shibu
lal, T
. V. M
ohan
das P
ai as
Dire
ctors
& Re
-app
ointm
ent o
f T. V
. M
ohan
das P
ai &
Mr. S
rinat
h Bat
ni as
Who
letim
e Dire
ctors
along
with
the t
erm
s and
cond
ition
s iN/
AAb
stain
14-Ju
n-10
AGM
INDI
ABUL
LS FI
NANC
IAL
SERV
SAd
optio
n of P
&L an
d Bala
nce S
heet
,Dec
lared
a div
idend
,Rea
ppoin
tmen
t of D
irecto
rs,Ap
point
men
t of A
udito
rs,Au
thor
isatio
n for
crea
tion,
issu
ance
and a
llotm
ent o
f equ
ity
shar
es /
secu
rities
Alte
ratio
n of A
OA.
N/A
Absta
in
15-Ju
n-10
AGM
RALL
IS IN
DIA L
TDRe
-app
ointm
ent o
f Mr. P
raka
sh R.
Rasto
gi, M
r. Bha
rat V
asan
i & M
r. H. R
. Khu
srokh
an as
Dire
ctors
of th
e Com
pany
, app
ointm
ent o
f Mr. R
. Muk
unda
n, D
r. V. S
. Soh
ani &
Dr.
Yogin
der K
. Alag
h as D
irecto
rs of
the C
ompa
ny &
Auth
ority
to th
e Boa
rd of
Dire
ctors
of t
N/A
Absta
in
15-Ju
n-10
AGM
RAYM
OND
Decla
ratio
n of d
ivide
nd &
Appo
intm
ent o
f Dire
ctors
N/A
Absta
in16
-Jun-
10AG
MAN
DHRA
BANK
LTD
Adop
tion o
f P&L
and B
alanc
e She
et an
d Pay
men
t of D
ivide
ndN/
AAb
stain
16-Ju
n-10
AGM
STAT
E BAN
K OF I
NDIA
Adop
tion o
f P&L
and B
alanc
e She
et, R
eapp
ointm
ent o
f Dire
ctors
and D
eclar
ation
of D
ivide
ndN/
AAb
stain
18-Ju
n-10
AGM
ORBI
T COR
PORA
TION
LTD
"App
ointm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,Ap
point
men
t of A
udito
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Divi
dend
,Incre
ase t
he Au
thor
ised S
hare
Ca
pital
Is
suan
ce of
Bonu
s Sha
res i
n the
ratio
of 1:
1."
N/A
Absta
in
18-Ju
n-10
AGM
RELIA
NCE I
NDUS
TRIES
To ap
prov
e app
ointm
ent o
f Dire
ctors
in pla
ce of
thos
e ret
iring
by ro
tatio
n, to
appr
ove a
ppoin
tmen
t of A
dditi
onal
Dire
ctor S
hri P
awan
Kum
ar Ka
pil as
Dire
ctor l
iable
to re
tire
by ro
tatio
n and
also
as W
holet
ime D
irecto
r of t
he Co
mpa
ny al
ongw
ith th
e ter
ms a
ndN/
AAb
stain
23-Ju
n-10
AGM
ORIEN
TAL B
ANK O
F CO
MM
ERCE
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of D
ivide
nd.
N/A
Absta
in
23-Ju
n-10
AGM
PATN
I COM
PUTE
RS
SYST
EMS L
TDAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs &
Decla
ratio
n of D
ivide
nd,
N/A
Absta
in
24-Ju
n-10
AGM
CONS
OLID
ATED
CO
NSTR
UCTIO
N CO
NSOR
TIUM
LTD
Adop
tion o
f P&L
and B
alanc
e She
et, D
eclar
ation
of D
ivide
nd, R
eapp
ointm
ent o
f Dire
ctors,
Appo
intm
ent o
f Aud
itors,
Auth
orisa
tion f
or is
suan
ce of
ADR,
GDR
and F
CCB,
To
borro
w in
exce
ss of
paid
up ca
pital
and f
ree r
eser
ves
N/A
Absta
in
25-Ju
n-10
AGM
BHAR
AT BI
JLEE
LTD
Decla
ratio
n of d
ivide
nd &
Appo
intm
ent o
f Dire
ctors
N/A
Absta
in
Dis
clos
ure
of V
otin
g do
ne b
y JM
Fin
anci
al M
utua
l Fun
d fo
r FY
10 -
11
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
25-Ju
n-10
AGM
JAY S
HREE
TEA &
INDS
LT
D"A
ppoin
tmen
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Appo
intm
ent o
f Aud
itors,
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of D
ivide
nd,
divisi
on of
equit
y sha
res,A
ltera
tion o
f MOA
,auth
orisa
tion F
or bo
rrowi
ng "
N/A
Absta
in
25-Ju
n-10
AGM
SYND
ICATE
BANK
LTD
Adop
tion o
f P&L
and B
alanc
e She
et an
d Dec
larat
ion of
Divi
dend
N/A
Absta
in28
-Jun-
10AG
MICI
CI BA
NK LT
DTo
appr
ove a
ppoin
tmen
t/re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rove
appo
intm
ent o
f Exe
cutiv
e Dire
ctor a
longw
ith th
e ter
ms a
nd co
nditi
ons o
f app
ointm
ent
includ
ing re
mun
erat
ion.
N/A
Absta
in
28-Ju
n-10
AGM
INFR
ASTR
UCTU
RE
DEVE
LOPM
ENT F
INAN
CE
CO LT
D-
Re-a
ppoin
tmen
t of M
r. Gau
tam
Kaji &
Mr. D
imitr
is Tsi
tsira
gos,
Mr. A
bdul
Rahim
Ali B
akar
as D
irecto
r, App
ointm
ent o
f Mr. G
.C. Ch
atur
vedi
& M
r. Don
ald Pe
ck as
Dire
ctors,
inc
reas
e in b
orro
wing
limits
, issu
ance
of se
curit
ies by
way
of Q
IP.N/
AAb
stain
29-Ju
n-10
AGM
JSW
STEE
L LTD
Appo
intm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,Re
mun
erat
ion to
Dire
ctors,
Appo
intm
ent o
f Aud
itors,
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of
Divid
end,A
utho
rity t
o the
Boar
d for
borro
wing
,Paym
ent o
f Com
miss
ion to
Non
-Exe
cutiv
e Dire
ctors.
N/A
Absta
in
30-Ju
n-10
AGM
HDFC
BANK
To ap
prov
e re-
appo
intm
ent o
f Mr. C
. M. V
asud
ev an
d Dr. P
andit
Palan
de as
Dire
ctors
of th
e Com
pany
, app
rova
l for r
e-ap
point
men
t of M
r. Adit
ya Pu
ri as M
anag
ing D
irecto
r alo
ngwi
th th
e ter
ms a
nd co
nditi
ons f
or ap
point
men
t inc
luding
rem
uner
ation
, app
rova
l for
N/A
Absta
in
2-Ju
l-10
AGM
TATA
CONS
ULTA
NCY
SERV
S LTD
Re-a
ppoin
t a D
irecto
r in pl
ace o
f Dr. R
on So
mm
er, M
rs. La
ura M
. Cha
& M
r. R. N
. Tat
a, Ap
point
men
t of M
r. S. R
amad
orai,
Dr. V
ijay K
elkar
& M
r. Ish
aat H
usain
, app
ointm
ent o
f M
r. N. C
hand
rase
kara
n as t
he Ch
ief Ex
ecut
ive O
ffice
r and
Man
aging
Dire
ctor o
f the
CN/
AAb
stain
2-Ju
l-10
AGM
YES B
ANK L
TDRe
-app
ointm
ent o
f Dire
ctors
retir
ing by
rota
tion.
N/A
Absta
in5-
Jul-1
0AG
MBA
NK O
F BAR
ODA
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of D
ivide
ndN/
AAb
stain
9-Ju
l-10
AGM
NIIT
LTD
"App
ointm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,Re
mun
erat
ion to
Dire
ctors,
Appo
intm
ent o
f Aud
itors,
Ad
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Divi
dend
."N/
AAb
stain
9-Ju
l-10
AGM
PIRA
MAL H
EALT
HCAR
E LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd, A
ppoin
tmen
t of A
udito
rsN/
AAb
stain
14-Ju
l-10
AGM
CENT
RAL B
ANK O
F IND
IAAd
optio
n of P
&L an
d Bala
nce S
heet
, Dec
larat
ion of
Divi
dend
N/A
Absta
in14
-Jul-1
0AG
MST
ERLIT
E TEC
HNOL
OGIES
LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, App
ointm
ent o
f Dire
ctors,
Dec
larat
ion of
Divi
dend
, Issu
ance
of ES
OPs
N/A
Absta
in
15-Ju
l-10
AGM
DHAN
ALAK
SHM
I BAN
K LT
DCh
ange
in Co
mpa
ny N
ame,D
ivide
nd,Q
ualifi
ed In
stitu
tions
Plac
emen
tsN/
AAb
stain
15-Ju
l-10
AGM
JSW
ENER
GY LT
DPa
ssing
of al
l the
reso
lution
s pro
pose
d as p
er no
tice f
or th
e AGM
date
d May
27, 2
010.
N/A
Absta
in15
-Jul-1
0AG
MPO
LARI
S SOF
TWAR
EAd
optio
n of P
&L an
d Bala
nce S
heet
, Dec
larat
ion of
Divi
dend
& Re
appo
intm
ent o
f Dire
ctors
N/A
Absta
in16
-Jul-1
0AG
MAS
IAN
PAIN
TSTo
appr
ove r
e-ap
point
men
t of M
r. Mah
endr
a Sha
h, M
r. Mah
endr
a Cho
ksi a
nd M
s. Tar
jani V
akil a
s Dire
ctors
of th
e Com
pany
, to a
ppro
ve ap
point
men
t of M
r. S. R
amad
orai,
Ad
dition
al Di
recto
r as D
irecto
r of t
he Co
mpa
ny an
d to a
ppro
ve ap
point
men
t of M
r. Jigi
sh Ch
okN/
AAb
stain
16-Ju
l-10
AGM
DENA
BANK
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of D
ivide
nd.
N/A
Absta
in16
-Jul-1
0AG
MIL
& FS
INVE
STM
ENT
MANA
GERS
LTD.
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of D
ivide
nd,A
ppoin
tmen
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rsN/
AAb
stain
16-Ju
l-10
AGM
KPIT
CUM
MIN
S IN
FOSY
STEM
S LTD
Adop
tion o
f Bala
nce S
heet
and P
rofit
& Lo
ss Ac
coun
t, De
clara
tion o
f Divi
dend
, Rea
ppoin
tmen
t of D
irecto
rs an
d Aud
itors
of th
e Com
pany
, Aut
horis
ation
for is
suan
ce of
ESOP
sN/
AAb
stain
19-Ju
l-10
AGM
CANA
RA BA
NKAp
prov
al to
offer,
issu
e, all
ot eq
uity/
prefe
renc
e sha
res b
y way
of pu
blic i
ssue,
right
s issu
e, pr
efere
ntial
issu
e and
/or p
rivat
e plac
emen
t bas
is an
d to a
ppoin
t Dire
ctors
from
am
ongs
t sha
reho
lders
othe
r tha
n Cen
tral G
over
nmen
t.N/
AAb
stain
19-Ju
l-10
AGM
CROM
PTON
GRE
AVES
Re-a
ppoin
tmen
t of D
r. O G
oswa
mi &
Ms M
. Pud
umjee
as D
irecto
rs of
the C
ompa
ny, A
ppoin
tmen
t Mr. S
. Pra
bhu a
s Dire
ctor o
f the
Com
pany
, Aut
horit
y to B
oard
to ap
point
br
anch
audit
ors &
paym
ent o
f com
miss
ion to
non e
xecu
tive D
irecto
rs.N/
AAb
stain
19-Ju
l-10
AGM
SESA
GOA
Appo
intm
ent o
f Dire
ctors
in pla
ce of
retir
ing D
irecto
rs.N/
AAb
stain
19-Ju
l-10
AGM
WHI
RLPO
OL O
F IND
IAAd
optio
n of P
&L an
d Bala
nce S
heet
, Dec
larat
ion of
Divi
dend
and R
eapp
ointm
ent o
f Dire
ctors,
N/A
Absta
in20
-Jul-1
0AG
MIN
DIAN
OVE
RSEA
S BAN
KAd
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Divi
dend
.N/
AAb
stain
21-Ju
l-10
AGM
BAJA
J FIN
SERV
LTD
Adop
tion o
f P&L
and B
alanc
e She
et, D
eclar
ation
of D
ivide
nd, R
eapp
ointm
ent o
f Dire
ctors
N/A
Absta
in21
-Jul-1
0AG
MPU
NJAB
NAT
IONA
L BAN
KAd
optio
n of P
&L an
d Bala
nce S
heet
& D
eclar
ation
of D
ivide
ndN/
AAb
stain
22-Ju
l-10
AGM
BAJA
J AUT
O LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, Dec
larat
ion of
Divi
dend
, Rea
ppoin
tmen
t of D
irecto
rsN/
AAb
stain
22-Ju
l-10
AGM
IDBI
BANK
LTD
Paym
ent o
f divi
dend
,App
ointm
ent o
f Dire
ctors
in pla
ce of
retir
ing D
irecto
rs.N/
AAb
stain
22-Ju
l-10
AGM
WIP
RO LT
DAp
point
men
t of D
irecto
rs in
place
of re
tiring
Dire
ctors,
regu
larisa
tion o
f Add
ition
al Di
recto
rs &
appr
oval
for a
ppoin
tmen
t of C
hairm
an's
relat
ive as
Dire
ctor.
N/A
Absta
in23
-Jul-1
0AG
MBI
OCON
LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rova
l for r
e-ap
point
men
t of M
anag
ing D
irecto
r and
appo
intm
ent o
f Who
letim
e Dire
ctor a
longw
ith th
e ter
ms
and c
ondit
ions i
nclud
ing re
mun
erat
ion an
d app
rova
l for p
aym
ent o
f rem
uner
ation
by w
ay of
com
mN/
AAb
stain
23-Ju
l-10
AGM
C E S
C LTD
.Ap
prov
e re-
appo
intm
ent o
f Mr. B
. P. B
ajoria
and M
r. P. K
. Kha
itan a
s Dire
ctors
of th
e Com
pany
and t
o aut
horis
e Boa
rd of
Dire
ctors
to m
ortg
age m
ovab
le/im
mov
able
prop
ertie
s of t
he Co
mpa
ny fo
r Ter
m Lo
an an
d wor
king c
apita
l requ
irem
ent.
N/A
Absta
in
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
23-Ju
l-10
AGM
DR RE
DDYS
LA
BORA
TORI
ES LT
DAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Paym
ent o
f Divi
dend
,App
ointm
ent o
f Cha
rtere
d Acco
unta
nts a
s Aud
itors
of th
e Com
pany
N/A
Absta
in
23-Ju
l-10
AGM
ITC LT
DTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny, t
o app
rove
appo
intm
ent o
f Add
ition
al No
n-ex
ecut
ive D
irecto
rs as
Dire
ctors
of th
e Com
pany
liable
to re
tire b
y ro
tatio
n, to
appr
ove a
ppoin
tmen
t of W
holet
ime D
irecto
rs alo
ngwi
th th
e ter
ms a
nd co
nditi
ons
N/A
Absta
in
23-Ju
l-10
AGM
MAHI
NDRA
& M
AHIN
DRA
FINAN
CIAL S
ERVI
CES L
TDAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rs,Ap
point
men
t of A
udito
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Di
viden
d,Inc
reas
e in B
orro
wing
limits
,Paym
ent o
f com
miss
ion.
N/A
Absta
in
23-Ju
l-10
AGM
PRAJ
INDU
STRI
ES LT
DAp
prov
e re-
appo
intm
ent o
f Mr. B
erjis
Des
ai an
d Mr. K
ishor
Chau
kar a
s Dire
ctors
of th
e Com
pany
, app
rove
appo
intm
ent o
f Mr. R
ajiv M
aliwa
l - Ad
dition
al Di
recto
r as D
irecto
r lia
ble to
retir
e by r
otat
ion, a
ppro
ve re
-app
ointm
ent o
f Mr. S
hash
ank I
nam
dar a
s Man
agN/
AAb
stain
24-Ju
l-10
AGM
ONM
OBILE
GLO
BAL L
TDAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs &
Decla
ratio
n of D
ivide
nd,
N/A
Absta
in26
-Jul-1
0AG
MBH
ARAT
FORG
EAp
point
men
t of D
irecto
rs in
place
of re
tiring
Dire
ctors
& re
gular
isatio
n of A
dditi
onal
Dire
ctor.
N/A
Absta
in26
-Jul-1
0AG
MTE
CH M
AHIN
DRA L
TDAd
optio
n of A
udite
d B/S
& P/
L Acc
t.,Ad
optio
n of D
irecto
rs &
Audit
ors R
epor
t,Cha
nge i
n Aud
itors,
Chan
ge in
Dire
ctors,
Divid
end,R
evisi
on in
Dire
ctors
Rem
uner
ation
,Qua
lified
In
stitu
tions
Plac
emen
tsN/
AAb
stain
27-Ju
l-10
AGM
3 I IN
FOTE
CH LI
MITE
DAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Decla
ratio
n of D
ivide
nd,R
e-ap
point
men
t of C
harte
red A
ccoun
tant
s as A
udito
rs of
the C
ompa
nyN/
AAb
stain
27-Ju
l-10
AGM
ASHO
K LEY
LAND
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rove
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
and a
utho
rity t
o the
Boar
d of D
irecto
rs of
the C
ompa
ny to
m
ortg
age p
rope
rties
of th
e Com
pany
to se
cure
borro
wing
s.N/
AAb
stain
27-Ju
l-10
AGM
DEW
AN H
OUSIN
G FIN
CO
RP LT
DRe
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rs,,Is
suan
ce of
Equit
y Sha
res u
nder
ESOP
,Aut
hpris
ation
for b
orro
wing
s by w
ay of
Priva
te Pl
acem
ent o
f Sec
ured
NCD
N/A
Absta
in
27-Ju
l-10
AGM
EVER
EST K
ANTO
CY
LINDE
R LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rova
l for a
ppoin
tmen
t of A
dditi
onal
Dire
ctor a
s Dire
ctor l
iable
to re
tire b
y rot
ation
, revis
ion of
rem
uner
ation
pa
yable
to CM
D an
d Who
letim
e Dire
ctors
of th
e Com
pany
. N/
AAb
stain
27-Ju
l-10
AGM
HIND
USTA
N UN
ILEVE
R LT
DTo
appr
ove a
ppoin
tmen
t of D
irecto
rs in
place
of D
irecto
rs re
tiring
by ro
tatio
n, ap
prov
e app
ointm
ent o
f Add
ition
al Di
recto
r as D
irecto
r liab
le to
retir
e by r
otat
ion, a
ppro
val fo
r ap
point
men
t of W
holet
ime D
irecto
r on t
erm
s and
cond
ition
s inc
luding
rem
uner
atN/
AAb
stain
28-Ju
l-10
AGM
AGRO
TECH
FOOD
S LTD
Reap
point
men
t of D
irecto
rs, Ad
optio
n of B
alanc
e She
et,
N/A
Absta
in28
-Jul-1
0AG
MBA
JAJ E
LECT
RICA
LSAd
optio
n of P
&L an
d Bala
nce S
heet
, Dec
larat
ion of
Divi
dend
, Rea
ppoin
tmen
t of D
irecto
rs,Co
nside
r Inc
reas
ing Au
thor
ised S
hare
Capit
al of
Com
pany
,N/
AAb
stain
28-Ju
l-10
AGM
EID PA
RRY I
NDIA
LTD
"Ado
ption
of P
rofit
and L
oss a
nd Ba
lance
Shee
t,
paym
ent o
f Inte
rim D
ivide
nd, R
e-ap
point
men
t of D
irecto
rs, Au
thor
izatio
n to m
ortg
age a
nd/o
r cha
rge a
ll / an
y of t
he sp
ecifi
c im
mov
able
and m
ovab
le pr
oper
ties o
f the
Co
mpa
ny as
secu
rity f
or th
e deb
entu
res a
ggre
gatin
g to R
s. 50
cror
e issu
ed by
the C
ompa
ny."
N/A
Absta
in
28-Ju
l-10
AGM
MAHI
NDRA
AND
MAHI
NDRA
Appr
ove r
e-ap
point
men
t of D
irecto
rs, ap
prov
e app
ointm
ent o
f Add
ition
al Di
recto
r as D
irecto
r of t
he Co
mpa
ny, a
ppro
ve pa
ymen
t of r
emun
erat
ion by
way
of co
mm
ission
to
Dire
ctors
othe
r tha
n Man
aging
/Exe
cutiv
e Dire
ctors,
appr
ove a
llotm
ent o
f sha
res u
nder
ESOP
.N/
AAb
stain
28-Ju
l-10
AGM
MARI
CO LT
DAp
prov
e re-
appo
intm
ent o
f Dire
ctors
and p
aym
ent o
f rem
uner
ation
to N
on-e
xecu
tive D
irecto
rs.N/
AAb
stain
29-Ju
l-10
AGM
GRAP
HITE
INDI
AAd
optio
n of P
&L an
d Bala
nce S
heet
, of C
harte
red A
ccoun
tant
s as A
udito
rs of
the C
ompa
ny,A
ppoin
tmen
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Decla
ratio
n of D
ivide
nd.
N/A
Absta
in29
-Jul-1
0AG
MIP
CA LA
BSAp
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
and t
o app
rove
appo
intm
ent o
f Add
ition
al Di
recto
r as D
irecto
r of t
he Co
mpa
ny.
N/A
Absta
in29
-Jul-1
0AG
MUL
TRAT
ECH
CEM
ENT
CO LT
DAp
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, re-a
ppoin
tmen
t of M
anag
ing D
irecto
r/Who
letim
e Dire
ctor o
n ter
ms a
nd co
nditi
ons i
nclud
ing re
mun
erat
ion,
appo
intm
ent o
f Add
ition
al Di
recto
r as D
irecto
r of t
he Co
mpa
ny an
d pay
men
t of r
emun
erat
ion by
way
of
N/A
Absta
in
30-Ju
l-10
AGM
ELEC
ON EN
GINE
ERIN
G CO
.Ad
optio
n of A
udite
d B/S
& P/
L Acc
t.,Ad
optio
n of D
irecto
rs &
Audit
ors R
epor
t,Cha
nge i
n Aud
itors,
Chan
ge in
Dire
ctors,
Decla
ratio
n of D
ivide
nd.
N/A
Absta
in30
-Jul-1
0AG
MIN
DIA I
NFOL
INE L
TDTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny an
d app
rova
l to t
he Bo
ard o
f Dire
ctors
to off
er, is
sue a
nd al
lot se
curit
ies in
cludin
g but
not l
imite
d to F
CCBs
/ADR
/GDR
to
vario
us in
vesto
rs.
N/A
Absta
in
30-Ju
l-10
AGM
VOLTA
MP
TRAN
SFOR
MER
S LTD
Adop
tion o
f Aud
ited B
/S &
P/L A
cct.,
Adop
tion o
f Dire
ctors
& Au
ditor
s Rep
ort,C
hang
e in A
udito
rs,Ch
ange
in D
irecto
rs an
d Fina
l Divi
dend
N/A
Absta
in
31-Ju
l-10
AGM
GVK P
OWER
&
INFR
ASTR
UCTU
RE LT
DTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny.
N/A
Absta
in
31-Ju
l-10
AGM
HIND
UJA V
ENTU
RE LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd an
d Aut
horis
ation
for is
suan
ce of
equit
y sha
res
N/A
Absta
in31
-Jul-1
0AG
MLA
NCO
INFR
ATEC
H LT
DRe
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rs,Ap
point
men
t of A
udito
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
,Cons
ider E
SOP..
N/A
Absta
in31
-Jul-1
0AG
MTH
E KAR
NATA
KA BA
NK
LTD.
Adop
tion o
f P&L
and B
alanc
e She
et, A
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd, A
ppoin
tmen
t of A
udito
rs, Al
tera
tion i
n AOA
N/
AAb
stain
2-Au
g-10
AGM
MCL
EOD
RUSS
ELAd
optio
n of P
&L an
d Bala
nce S
heet
, Dec
larat
ion of
divid
end a
nd Re
appo
intm
ent o
f Dire
ctors
N/A
Absta
in2-
Aug-
10AG
MPU
NJ LL
OYD
LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
ointm
ent o
f Add
ition
al Di
recto
r as D
irecto
r of t
he Co
mpa
ny an
d aut
horit
y to B
oard
of D
irecto
rs to
borro
w m
oney
s with
/with
out s
ecur
ity .
N/A
Absta
in
4-Au
g-10
AGM
IL&FS
TRAN
SPOR
TATIO
N NE
TOW
RKS L
TDAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Divi
dend
.N/
AAb
stain
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
5-Au
g-10
AGM
INDI
AN H
OTEL
STo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny.
N/A
Absta
in5-
Aug-
10AG
MNM
DC LT
DAd
optio
n of B
/S an
d P/L
, dec
larat
ion of
divid
end a
nd re
appo
intm
ent o
f dire
ctors
N/A
Absta
in
6-Au
g-10
AGM
ADITY
A BIR
LA N
UVA L
TDTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny, s
ale an
d tra
nsfer
of sh
ares
in Li
fe In
sura
nce C
ompa
ny to
anot
her g
roup
com
pany
and a
ppro
val fo
r re-
prici
ng of
the
Emplo
yee S
tock
Opt
ions.
N/A
Absta
in
6-Au
g-10
AGM
GREE
NPLY
INDU
STRI
ES
LTD
Appo
intm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,Re
vision
of Re
mun
erat
ion to
Dire
ctors,
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of D
ivide
nd,Pa
ymen
t of
com
misi
on to
the n
on-e
xecu
tive d
irecto
rs of
the c
ompa
ny.
N/A
Absta
in
10-A
ug-1
0AG
MHO
TEL L
EELA
VENT
URE
LTD
Adop
tion o
f Aud
ited B
/S &
P/L A
cct.,
Adop
tion o
f Dire
ctors
& Au
ditor
s Rep
ort,C
hang
e in A
udito
rs,Ch
ange
in D
irecto
rs,Di
viden
d,Pre
feren
tial Is
sue,R
aising
fund
s thr
ough
Deb
t In
str.,Is
sue o
f Equ
ity Sh
ares
N/A
Absta
in
10-A
ug-1
0AG
MNA
GARJ
UNA
CONS
TRUC
TION
CO. L
TD.
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
.N/
AAb
stain
12-A
ug-1
0AG
MAI
A ENG
INEE
RING
LTD
To ap
prov
e re-
appo
intm
ent o
f Mr. R
ajend
ra Sh
ah an
d Mr. S
anjay
Majm
udar
as D
irecto
rs of
the C
ompa
ny an
d to a
ppro
ve ap
point
men
t of P
ower
tec E
ngine
ering
Priva
te
Limite
d, a c
ompa
ny in
whic
h one
of th
e Dire
ctors
of th
e Com
pany
is a
Dire
ctor, t
o offi
ce or
plac
eN/
AAb
stain
13-A
ug-1
0AG
MDI
VI'S
LABO
RATO
RIES
LTD
Adop
tion o
f P&L
and B
alanc
e She
et, R
eapp
ointm
ent o
f Dire
ctors
and D
eclar
ation
of D
ivide
ndN/
AAb
stain
13-A
ug-1
0AG
MSU
ZLON
ENER
GY LI
MITE
DTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny, a
ppro
val t
o the
Boar
d of D
irecto
rs to
cont
ribut
e on b
ehalf
of th
e Com
pany
to ch
arita
ble or
othe
r fun
ds, t
o rat
ify an
d ap
prov
e the
rem
uner
ation
paid
to Ch
airm
an &
Man
aging
Dire
ctor a
nd E
xecu
tive D
irec
N/A
Absta
in
13-A
ug-1
0AG
MTA
TA ST
EEL L
IMITE
D.To
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny, a
ppro
ve ap
point
men
t of A
dditi
onal
Dire
ctor a
s Dire
ctor o
f the
Com
pany
, app
rova
l for a
ppoin
tmen
t of M
anag
ing
Dire
ctor a
nd hi
s rem
uner
ation
.N/
AAb
stain
14-A
ug-1
0AG
MSH
REE C
EMEN
TSAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd, R
emun
erat
ion to
Audit
ors,
incre
asing
borro
wing
limits
, Aut
horis
ation
for c
reat
ion
of ch
arge
for m
ovab
le/im
mov
able
asse
ts in
favou
r of le
nder
s for
secu
ring l
oan
N/A
Absta
in
16-A
ug-1
0AG
MVO
LTAS
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
ointm
ent o
f Add
ition
al Di
recto
rs as
Dire
ctors
of th
e Com
pany
and a
ppro
val fo
r app
ointm
ent o
f Man
aging
Di
recto
r and
the t
erm
s and
cond
ition
s of a
ppoin
tmen
t inc
luding
rem
uner
ation
.N/
AAb
stain
20-A
ug-1
0AG
MGR
ASIM
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, to a
ppro
ve ap
point
men
t of D
irecto
r liab
le to
retir
e by r
otat
ion, a
ppro
val fo
r app
ointm
ent o
f Who
letim
e Dire
ctors
and
the t
erm
s and
cond
ition
s per
taini
ng to
appo
intm
ent i
nclud
ing re
mun
erat
ion.
N/A
Absta
in
20-A
ug-1
0AG
MSU
NDAR
AM FA
STEN
ERS
LTD
Adop
tion o
f P&L
and B
alanc
e She
et, A
ppoin
tmen
t of D
irecto
rs an
d Rev
ision
of Re
mun
erat
ionN/
AAb
stain
25-A
ug-1
0AG
MCIP
LATo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny an
d app
rova
l for h
olding
of offi
ce or
plac
e of p
rofit
by re
lative
of D
irecto
r of t
he Co
mpa
ny.
N/A
Absta
in25
-Aug
-10
AGM
EMCO
LTD
LTD
Appo
intm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,De
clara
tion o
f Divi
dend
,Re-
Appo
intm
ent o
f Cha
rtere
d Acco
unta
nts a
s Aud
itors
of th
e Com
pany
.N/
AAb
stain
25-A
ug-1
0AG
MPI
PAVA
V SHI
PYAR
D LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, App
ointm
ent &
Reap
point
men
t of D
irecto
rs, Re
mun
erat
ion to
Dire
ctors,
Appr
oval
for a
llotm
ent o
f uns
ecur
ed co
nver
tible
debe
ntur
es to
Va
liant
Mau
ritius
Partn
ers
N/A
Absta
in
26-A
ug-1
0AG
MJE
T AIR
WAY
S IND
IA LT
D.Ad
optio
n of P
&L an
d Bala
nce S
heet
,Rea
ppoin
tmen
t of D
irecto
rs,Re
-App
ointm
ent o
f Aud
itors,
Appo
intm
ent o
f Exe
cutiv
e Vice
Pres
ident
,Inve
stmen
t up t
o Rs.4
5 Cro
res i
n MAS
GM
R Aer
ospa
ce En
ginee
ring C
ompa
ny Lt
d, Ap
point
men
t of M
anag
emen
t Tra
inee
N/A
Absta
in
26-A
ug-1
0AG
MLA
RSEN
& TO
UBRO
NEW
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, to a
ppro
ve re
-app
ointm
ent o
f Who
letim
e Dire
ctors
of th
e Com
pany
alon
gwith
the t
erm
s and
cond
ition
s of r
e-ap
point
men
t inc
luding
rem
uner
ation
, app
rova
l for p
aym
ent o
f com
miss
ion to
Non
-exe
cutiv
e Dire
ctoN/
AAb
stain
27-A
ug-1
0AG
MSP
ICEJE
T LTD
Adop
tion o
f P&L
and B
alanc
e She
et, A
ppoin
tmen
t of D
irecto
rs an
d Inc
reas
e in A
utho
rised
shar
e cap
ital
N/A
Absta
in27
-Aug
-10
AGM
TITAG
ARH W
AGON
S LTD
Expla
natio
n on u
tiliza
tion o
f fun
ds of
IPO
and p
refen
tial a
llotm
ent o
f war
rant
s to S
mt.
Rash
mi C
howd
hary,
prom
oter
grou
p ent
ityN/
AAb
stain
30-A
ug-1
0AG
MTU
LIP TE
LECO
M LT
DTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny.
N/A
Absta
in31
-Aug
-10
AGM
WEL
SPUN
CORP
LIM
ITED
To ap
prov
e re-
appo
intm
ent o
f Mr. M
.L. M
ittal,
Mr. K
.H. V
iswan
atha
n and
Mr. R
ajkum
ar Ja
in as
Dire
ctors
of th
e Com
pany
.N/
AAb
stain
1-Se
p-10
AGM
BHAR
TI AI
RTEL
LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
ointm
ent o
f rela
tive o
f Dire
ctor a
s an e
mplo
yee o
f sub
sidiar
y com
pany
unde
r Offi
ce or
Plac
e of P
rofit
, pay
men
t of
com
miss
ion to
Non
-exe
cutiv
e Dire
ctors
of th
e Com
pany
. N/
AAb
stain
1-Se
p-10
AGM
TATA
MOT
ORS
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rove
appo
intm
ent o
f Add
ition
al Di
recto
r as D
irecto
r of t
he Co
mpa
ny an
d to a
ppro
ve fo
r app
ointm
ent o
f M
anag
ing D
irecto
r and
his r
emun
erat
ion.
N/A
Absta
in
3-Se
p-10
AGM
HIND
ALCO
INDU
STRI
ES
LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
and t
o aut
horis
e the
Boar
d of D
irecto
rs of
the C
ompa
ny to
crea
te m
ortg
age/
char
ge on
the a
ssets
of th
e Com
pany
to
secu
re lo
an fa
cility
.N/
AAb
stain
6-Se
p-10
AGM
ACTIO
N CO
NSTR
UCTIO
N"A
ppoin
tmen
t of D
irecto
rs, Re
appo
intm
ent o
f Dire
ctors,
Adop
tion o
f Bala
nce S
heet
, Con
sider
ESOP
, Con
sider
Incre
asing
Auth
orise
d Sha
re Ca
pital
of Co
mpa
ny, C
onsid
er
allot
men
t of e
quity
shar
es,"
N/A
Absta
in
7-Se
p-10
AGM
MARU
TI SU
ZUKI
INDI
A LIM
ITED
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
.N/
AAb
stain
8-Se
p-10
AGM
RURA
L ELE
CTRI
FICAT
ION
CORP
ORAT
ION
LTD
Adop
tion o
f P&L
and B
alanc
e She
et, R
eapp
ointm
ent o
f Dire
ctors,
Dec
larat
ion of
Divi
dend
, Rem
uner
ation
to Au
ditor
s, inc
reas
ing bo
rrowi
ng lim
its, A
utho
risat
ion fo
r cre
ation
of
char
ge fo
r mov
able/
imm
ovab
le as
sets,
incre
sing l
imits
of FI
Is an
d alte
ratio
n in A
OAN/
AAb
stain
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
8-Se
p-10
AGM
TATA
POW
ERTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny, a
ppro
ve ap
point
men
t of A
dditi
onal
Dire
ctor a
s Dire
ctor o
f the
Com
pany
and a
ppro
val fo
r re-
appo
intm
ent o
f Ex
ecut
ive D
irecto
r alon
gwith
the t
erm
s and
cond
ition
s inc
luding
rem
uner
ation
.N/
AAb
stain
8-Se
p-10
AGM
TVS M
OTOR
SIss
uanc
e of b
onus
shar
esN/
AAb
stain
8-Se
p-10
AGM
UNITE
D PH
OSPH
OROU
S LT
DTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny an
d pay
men
t of r
emun
erat
ion to
Dire
ctors
(oth
er th
an W
holet
ime a
nd M
anag
ing D
irecto
r).
N/A
Absta
in
10-S
ep-1
0AG
MGU
JARA
T NRE
COKE
Appo
intm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,Re
mun
erat
ion to
Dire
ctors,
Adop
tion o
f P&L
and B
alanc
e She
et,Pa
ymen
t of D
ivide
nd.
N/A
Absta
in13
-Sep
-10
AGM
FEDE
RAL B
ANK
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rove
appo
intm
ent o
f Dire
ctor l
iable
to re
tire b
y rot
ation
and a
ppro
val fo
r pay
men
t of r
emun
erat
ion to
Exec
utive
Di
recto
r of t
he Ba
nk.
N/A
Absta
in
14-S
ep-1
0AG
MST
EEL A
UTHO
RITY
OF
INDI
ATo
appr
ove r
e-ap
point
men
t of D
irecto
r of t
he Co
mpa
ny, a
ppoin
tmen
t of A
dditi
onal
Dire
ctors
as D
irecto
rs of
the C
ompa
ny, t
o offe
r, issu
e and
allot
equit
y sha
res o
f the
Co
mpa
ny an
d app
rova
l to t
he sc
hem
e of a
malg
amat
ion.
N/A
Absta
in
15-S
ep-1
0AG
MCA
IRN
INDI
A LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
.N/
AAb
stain
15-S
ep-1
0AG
MJY
OTI S
TRUC
TURE
LTD
Adop
tion o
f P&L
and B
alanc
e She
et, R
eapp
ointm
ent o
f Dire
ctors,
Dec
larat
ion of
Divi
dend
, App
ointm
ent o
f Aud
itors
and A
utho
risat
ion fo
r issu
ance
of sh
are c
apita
l for
Quali
fied I
nstit
ution
al Bu
yers
N/A
Absta
in
15-S
ep-1
0AG
MMA
X IND
IAAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Appo
intm
ent o
f Aud
itors,
Adop
tion o
f P&L
and B
alanc
e She
et.
N/A
Absta
in15
-Sep
-10
AGM
SJVN
LIM
ITED
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
.N/
AAb
stain
16-S
ep-1
0AG
MHI
NDUS
TAN
PETR
OLEU
M
CORP
N.To
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny an
d app
ointm
ent o
f Add
ition
al Di
recto
r as D
irecto
r liab
le to
retir
e by r
otat
ion.
N/A
Absta
in
16-S
ep-1
0AG
MUN
ITECH
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rova
l for a
ltera
tion o
f Arti
cles o
f Asso
ciatio
n to m
odify
the p
eriod
of offi
ce of
Dire
ctors
who a
re ho
lding
the o
ffice
of
Exec
utive
Chair
man
/Exe
cutiv
e Dire
ctor/M
anag
ing D
irecto
r/Who
le-tim
e Dire
ctor
N/A
Absta
in
17-S
ep-1
0AG
MBH
ARAT
HEA
VY
ELEC
TRICA
LSAp
point
men
t of d
irecto
rs in
place
of re
tiring
Dire
ctors
& re
gular
isatio
n of A
dditi
onal
Dire
ctors.
N/A
Absta
in
17-S
ep-1
0AG
MIFC
I LTD
Appo
intm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Divi
dend
,N/
AAb
stain
17-S
ep-1
0AG
MJIN
DAL S
AW LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd &
Appo
intm
ent o
f Aud
itors
N/A
Absta
in18
-Sep
-10
AGM
IVRC
L INF
RAST
RUCT
URE
& PR
OJEC
TS LT
DAp
point
men
t of D
irecto
rs in
place
of re
tiring
Dire
ctors,
reap
point
men
t of E
xecu
tive D
irecto
r & re
vision
in th
e rem
uner
ation
, incre
ase i
n the
borro
wing
powe
rs of
the
Com
pany
.N/
AAb
stain
18-S
ep-1
0AG
MM
BL IN
FRAS
TRUC
TURE
S LT
DTo
appr
ove r
e-ap
point
men
t of D
irecto
r of t
he Co
mpa
ny, a
ppro
ve ap
point
men
t of A
dditi
onal
Dire
ctor a
s Dire
ctor o
f the
Com
pany
, aut
horit
y to t
he Bo
ard o
f Dire
ctors
to bo
rrow
in ex
cess
of pa
id up
capit
al an
d fre
e res
erve
s and
to m
ortg
age/
hypo
thec
ate p
rope
rtie
N/A
Absta
in
20-S
ep-1
0AG
MGA
TEW
AY D
ISTRI
PARK
S LIM
ITED
Adop
tion o
f P&L
and B
alanc
e She
et, R
eapp
ointm
ent o
f Dire
ctors,
Dec
larat
ion of
Divi
dend
and A
utho
risat
ion to
raise
fund
s thr
ough
QIPs
N/A
Absta
in
20-S
ep-1
0AG
MH
E GAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd, A
ppoin
tmen
t of A
udito
rs an
d Rev
ision
in re
mun
erat
ion fo
r Dire
ctors
N/A
Absta
in20
-Sep
-10
AGM
HERO
HON
DA M
OTOR
S LT
DTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny an
d to a
ppro
ve ap
point
men
t of A
dditi
onal
Dire
ctor a
s Dire
ctor o
f the
Com
pany
.N/
AAb
stain
20-S
ep-1
0AG
MSU
PREM
E IN
FRAS
TRUC
TURE
INDI
A LT
D
Adop
tion o
f P&L
and B
alanc
e She
et an
d Dec
larat
ion of
Divi
dend
N/A
Absta
in
21-S
ep-1
0AG
MBO
MBA
Y RAY
ON
FASH
IONS
LTD
Paym
ent o
f divi
dend
& Ap
point
men
t of D
irecto
rsN/
AAb
stain
21-S
ep-1
0AG
MJA
IPRA
KASH
ASSO
CIATE
S LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd an
d App
ointm
ent o
f Aud
itors
N/A
Absta
in
21-S
ep-1
0AG
MPO
WER
FINA
NCE
CORP
ORAT
ION
LTD
Appo
intm
ent o
f Dire
ctors
in pla
ce of
retir
ing D
irecto
rs, is
suan
ce of
equit
y sha
res b
y way
of Q
ualifi
ed In
stitu
tiona
l Plac
emen
t, ap
prov
al of
ESOP
.N/
AAb
stain
22-S
ep-1
0AG
MGA
IL (IN
DIA)
LTD
Appo
intm
ent o
f Dire
ctors
in pla
ce of
retir
ing D
irecto
rs, re
gular
isatio
n of A
dditi
onal
Dire
ctors,
appo
intm
ent o
f Dire
ctors
relat
ive as
Dep
uty M
anag
er.N/
AAb
stain
22-S
ep-1
0AG
MNH
PC LT
DAp
point
men
t of D
irecto
rs in
place
of re
tiring
Dire
ctors
& re
gular
isatio
n of A
dditi
onal
Dire
ctor.
N/A
Absta
in22
-Sep
-10
AGM
SIMPL
EX PR
OJEC
TS LT
DIss
uanc
e of W
arra
nts t
o M/s
Saffo
rn Fi
npro
Dist
ribut
ors P
rivat
e Lim
ited
N/A
Absta
in23
-Sep
-10
AGM
AURO
BIND
O PH
ARMA
Adop
tion o
f B/S
and P
/L, d
eclar
ation
of di
viden
d and
reap
point
men
t of d
irecto
rsN/
AAb
stain
23-S
ep-1
0AG
MNT
PC LT
DAp
point
men
t of D
irecto
rs in
place
of re
tiring
Dire
ctors
& re
gular
isatio
n of A
dditi
onal
Dire
ctor.
N/A
Absta
in23
-Sep
-10
AGM
PTC I
NDIA
Appo
intm
ent o
f Dire
ctors
in pla
ce of
retir
ing D
irecto
rs, re
gular
isatio
n of A
dditi
onal
Dire
ctor &
appo
intm
ent o
f Cha
irman
& M
anag
ing D
irecto
r. N/
AAb
stain
24-S
ep-1
0AG
MBG
R ENE
RGY S
YSTE
MS
LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, to a
ppro
ve ap
point
men
t of D
irecto
r liab
le to
retir
e by r
otat
ion, a
ppro
val fo
r app
ointm
ent o
f Who
letim
e Dire
ctors
of
the C
ompa
ny al
ongw
ith th
e ter
ms a
nd co
nditi
ons f
or th
e app
ointm
ent i
nclud
ing re
mun
erN/
AAb
stain
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
24-S
ep-1
0AG
MBH
ARAT
PETR
OLEU
M
CORP
.Ap
point
men
t of D
irecto
rs in
place
of re
tiring
Dire
ctors
& re
gular
isatio
n of A
dditi
onal
Dire
ctor.
N/A
Absta
in
24-S
ep-1
0AG
MPO
WER
GRI
D CO
RP O
F IN
DIA L
TDRe
-app
ointm
ent o
f Dire
ctors
retir
ing by
rota
tion.
N/
AAb
stain
25-S
ep-1
0AG
MGO
DAW
ARI P
OWER
AND
ISPAT
LTD
Adop
tion o
f P/L
and B
alanc
e she
et an
d Dec
larat
ion of
divid
end.
N/A
Absta
in
25-S
ep-1
0AG
MOI
L IND
IA LT
DRe
-app
ointm
ent o
f Dire
ctors
retir
ing by
rota
tion.
N/
AAb
stain
25-S
ep-1
0AG
MPA
NACE
A BIO
TEC L
TDAd
optio
n of B
/S an
d P/L
, dec
larat
ion of
divid
end a
nd re
appo
intm
ent o
f dire
ctors
N/A
Absta
in27
-Sep
-10
AGM
IDEA
CELL
ULAR
LTD
Adop
tion o
f the
Audit
ed Ac
coun
ts fo
r the
year
ende
d Mar
ch 31
, 201
0 tog
ethe
r with
the R
epor
t of D
irecto
rs an
d Aud
itors
ther
eon,
Re-a
ppoin
tmen
t of D
irecto
rs re
tiring
by
rota
tion &
regu
larisa
tion o
f Add
ition
al Di
recto
r,App
ointm
ent o
f Cha
rtere
d Acco
unta
nts,
as th
e Sta
tuto
ry Au
ditor
s of t
he Co
mpa
ny.
N/A
Absta
in
27-S
ep-1
0AG
MIR
B INF
RAST
RUCT
URE
DEVE
LOPE
RS LT
DAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Rem
uner
ation
to D
irecto
rs,Ap
point
men
t of A
udito
rs,Ad
optio
n of P
&L an
d Bala
nce S
heet
, Spe
cial R
esolu
tion f
or ra
ising
of
fund
s,Ord
inary
Reso
lution
to bo
rrow
fund
s.N/
AAb
stain
27-S
ep-1
0AG
MKA
VERI
SEED
COM
PANY
LT
DRe
-app
ointm
ent o
f Dire
ctors
retir
ing by
rota
tion,
appo
intm
ent o
f Man
aging
Dire
ctor, W
hole-
time D
irecto
r & re
vision
in th
e rem
uner
ation
. N/
AAb
stain
27-S
ep-1
0AG
MPV
R LTD
Decla
ratio
n of d
ivide
nd &
Appo
intm
ent o
f Dire
ctors
N/A
Absta
in27
-Sep
-10
AGM
SANG
HAVI
MOV
ERS L
TDAd
optio
n of P
&L an
d Bala
nce S
heet
& D
elcar
ation
of di
viden
dN/
AAb
stain
28-S
ep-1
0AG
MDI
AMON
D PO
WER
IN
FRAS
TRUC
TURE
LIM
ITED
"App
ointm
ent o
f Dire
ctors,
Reap
point
men
t of D
irecto
rs, Ad
optio
n of P
&L an
d Bala
nce S
heet
,Dec
larat
ion of
Divi
dend
"N/
AAb
stain
28-S
ep-1
0AG
MDL
F LTD
Re-a
ppoin
tmen
t of D
irecto
rs re
tiring
by ro
tatio
n, ap
point
men
t of M
anag
ing &
Who
le-tim
e Dire
ctor, a
llotm
ent o
f sha
res o
n pre
feren
tial b
asis,
appo
intm
ent o
f Dire
ctors
relat
ive as
Busin
ess H
ead &
Gen
eral
Man
ager
- De
velop
men
t.N/
AAb
stain
28-S
ep-1
0AG
MJIN
DAL S
TEEL
& PO
WER
Adop
tion o
f B/S
and P
/L, d
eclar
ation
of di
viden
d and
reap
point
men
t of d
irecto
rsN/
AAb
stain
28-S
ep-1
0AG
MJU
BLIA
NT O
RGAN
OSYS
LT
DAd
optio
n of B
/S an
d P/L
, dec
larat
ion of
divid
end a
nd re
appo
intm
ent o
f dire
ctors
N/A
Absta
in
28-S
ep-1
0AG
MOP
TO CI
RCUI
TS IN
DIA L
TDAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Adop
tion o
f P&L
and B
alanc
e She
et,D
eclar
ation
of D
ivide
nd,
N/A
Absta
in28
-Sep
-10
AGM
PHOE
NIX M
ILLS L
TDAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd, U
tilisa
tion o
f Res
idual
proc
eeds
N/A
Absta
in28
-Sep
-10
AGM
RELIA
NCE C
APITA
LTo
appr
ove r
e-ap
point
men
t of D
irecto
rs of
the C
ompa
ny, a
utho
rity t
o und
erta
ke Q
ualifi
ed In
stitu
tiona
l Plac
emen
t upt
o 15%
of pa
id up
capit
al, re
-app
ointm
ent o
f Man
ager
an
d pay
men
t of r
emun
erat
ion by
way
of Co
mm
ission
to N
on-e
xecu
tive D
irecto
rs.N/
AAb
stain
28-S
ep-1
0AG
MRE
LIANC
E CO
MM
UNICA
TIONS
LTD
Re-a
ppoin
tmen
t of D
irecto
rs re
tiring
by ro
tatio
n, re
gular
isatio
n of A
dditi
onal
Dire
ctor, i
ssue o
f sha
res t
o Qua
lified
Insti
tutio
nal B
uyer
s.N/
AAb
stain
29-S
ep-1
0AG
MAL
LIED
DIGI
TAL S
ERVI
CES
LTD
To ap
prov
e re-
appo
intm
ent o
f Dr. S
hrika
nt Pa
rikh a
nd Pr
of. Ve
nugo
pal Iy
enga
r as D
irecto
rs of
the C
ompa
ny, a
ppro
ve ap
point
men
t of D
r. Roo
p Kish
an D
ave -
Addit
ional
Dire
ctor a
s Dire
ctor l
iable
to re
tire b
y rot
ation
, app
rove
ratifi
catio
n of in
creas
e in r
emun
N/A
Absta
in
29-S
ep-1
0AG
MM
CDOW
ELL H
OLDI
NGS
LTD
Mcd
owell
Hold
ings L
imite
d has
info
rmed
the E
xcha
nge t
hat t
he An
nual
Gene
ral M
eetin
g of t
he Co
mpa
ny w
ill be
held
on Se
ptem
ber 2
9, 20
10. F
urth
er, th
e Reg
ister
of
Mem
bers
and S
hare
Tran
sfer B
ooks
of th
e Com
pany
will
rem
ain cl
osed
from
Sept
embe
r 27,
2010
to Se
ptem
ber 2
9, 20
10 (b
oth d
ays i
nclus
ive) i
n con
necti
on w
ith th
e Ann
ual
Gene
ral M
eetin
g of t
he Co
mpa
ny.
N/A
Absta
in
29-S
ep-1
0AG
MNI
TESH
ESTA
TE PR
IVATE
LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, and
Reap
point
men
t of D
irecto
rs,N/
AAb
stain
30-S
ep-1
0AG
MIN
DIAB
ULLS
REAL
ESTA
TE
LTD
India
bulls
Real
Esta
te Lt
d has
info
rmed
BSE t
hat t
he m
embe
rs at
the 4
th An
nual
Gene
ral M
eetin
g (AG
M) o
f the
Com
pany
held
on Se
ptem
ber 3
0, 20
10, in
ter a
lia, h
ave
acco
rded
their
appr
oval
to al
l the
busin
esse
s set
out i
n the
AGM
Not
ice.
N/A
Absta
in
30-S
ep-1
0AG
MPV
P VEN
TURE
S LTD
"Ado
ption
of P&
L and
Balan
ce Sh
eet,A
ppoin
tmen
t of D
irecto
rs an
d Aud
itors
of th
e com
pany
."N/
AAb
stain
27-O
ct-10
AGM
HCL I
NFOS
YSTE
M LT
DRe
-app
ointm
ent o
f Dire
ctors
retir
ing by
rota
tion,
reap
point
men
t of M
anag
ing D
irecto
r, Who
le-tim
e Dire
ctor, r
evisi
on in
the r
emun
erat
ion of
Chair
man
& CE
O &
Who
le-tim
e dir
ecto
r, COO
& W
hole-
time D
irecto
r. N/
AAb
stain
27-O
ct-10
AGM
UNITE
D SP
IRITS
LTD
Re-a
ppoin
tmen
t of D
irecto
rs re
tiring
by ro
tatio
n and
paym
ent o
f com
miss
ion to
Dire
ctors.
N/A
Absta
in28
-Oct-
10AG
MHC
L TEC
HNOL
OGIES
LTD
Re-a
ppoin
tmen
t of D
irecto
rs re
tiring
by ro
tatio
n.
N/A
Absta
in28
-Oct-
10AG
MRE
LIANC
E POW
ER LT
DRe
-app
ointm
ent o
f Dire
ctors
retir
ing by
rota
tion &
revis
ion in
the r
emun
erat
ion of
who
le-tim
e Dire
ctor.
N/A
Absta
in29
-Oct-
10AG
MZE
E ENT
ERTA
INM
ENT L
TDRe
-app
ointm
ent o
f Dire
ctors
retir
ing by
rota
tion,
reap
point
men
t of M
D &
CEO,
paym
ent o
f com
miss
ion an
d sub
-divi
sion o
f sha
res.
N/A
Absta
in3-
Nov-
10AG
MPA
NTAL
OON
RETA
IL Fo
r the
purp
ose o
f det
erm
ining
the d
ivide
nd on
fully
paid
up co
mpu
lsoril
y con
verti
ble pr
efere
nce s
hare
s, eq
uity s
hare
s and
on Cl
ass B
Shar
es (S
eries
1).
N/A
Absta
in16
-Dec
-10
AGM
DISH
TV IN
DIA L
TDAp
point
men
t of D
irecto
rs,Re
appo
intm
ent o
f Dire
ctors,
Adop
tion o
f P&L
and B
alanc
e She
et, R
aising
of Lo
ng Te
rm Fu
nds,A
utho
rising
the B
oard
of D
irecto
rs of
the C
ompa
ny to
m
ortg
age,
hypo
thec
ate a
nd/o
r cha
rge a
ll or a
ny pa
rt of
the a
ssets
of th
e Com
pany
.N/
AAb
stain
21-D
ec-1
0AG
MSA
TYAM
COM
PUTE
RSAd
optio
n of P
&L an
d Bala
nce S
heet
, App
ointm
ent o
f Dire
ctors
and A
utho
risat
ion to
cont
ribut
e to c
harit
able
and o
ther
fund
sN/
AAb
stain
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
22-D
ec-1
0AG
MRE
LIANC
E IN
FRAS
TRUC
TURE
LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
and p
aym
ent o
f rem
uner
ation
by w
ay of
com
miss
ion to
Dire
ctors
of th
e Com
pany
exclu
ding W
holet
ime/
Man
aging
Di
recto
rs.
N/A
Absta
in
28-D
ec-1
0AG
MBA
RTRO
NICS
INDI
A LTD
Auth
orisa
tion f
or cr
eatio
n, is
suan
ce an
d allo
tmen
t of e
quity
shar
es /
secu
rities
N/A
Absta
in30
-Dec
-10
AGM
MIC
ELEC
TRON
ICS LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
,Rea
ppoin
tmen
t of D
irecto
rs,Re
-app
ointe
d of S
tatu
tory
Audit
ors,A
ppro
ved I
nser
ting a
new
claus
e ena
bling
the C
ompa
ny to
prov
ide lo
ans
or gu
aran
tee t
o any
othe
r per
son o
r com
pany
,App
rove
d Rev
ision
of Ba
sic Sa
lary o
f Cha
irman
& M
anag
ing D
irecto
r, App
rove
d ESO
P-20
10),
Appr
oved
Reso
lution
exte
nding
be
nefit
s of (
ESOP
-201
0) to
emplo
yees
of su
bsidi
ary c
ompa
nies.
N/A
Absta
in
30-D
ec-1
0AG
MM
ONNE
T ISP
AT &
ENER
GY
LTD
Adop
tion o
f B/S
and P
/L, d
eclar
ation
of di
viden
d and
reap
point
men
t of d
irecto
rsN/
AAb
stain
31-D
ec-1
0AG
MAM
TEK A
UTO
LTD
Adop
tion o
f B/S
and P
/L, d
eclar
ation
of di
viden
d and
reap
point
men
t of d
irecto
rsN/
AAb
stain
28-Ja
n-11
AGM
SIEM
ENS L
TDTo
appr
ove r
e-ap
point
men
t of D
irecto
rs/W
holet
ime D
irecto
r of t
he Co
mpa
ny an
d rev
ision
of re
mun
erat
ion of
Man
aging
Dire
ctor/W
holet
ime D
irecto
r/Exe
cutiv
e Dire
ctor o
f th
e Com
pany
and p
aym
ent o
f divi
dend
N/A
Absta
in
24-F
eb-1
1AG
MM
PHAS
IS LT
DAd
optio
n of P
&L an
d Bala
nce S
heet
, Rea
ppoin
tmen
t of D
irecto
rs, D
eclar
ation
of D
ivide
nd an
d Gra
nting
restr
icted
stoc
k unit
to pe
rman
ent e
mplo
yee /
dire
ctor o
f the
su
bsida
ry co
mpa
nyN/
AAb
stain
25-F
eb-1
1AG
MES
CORT
S LTD
Adop
tion o
f P&L
and B
alanc
e She
et, R
eapp
ointm
ent o
f Dire
ctors,
Revis
ion in
rem
uner
ation
and D
eclar
ation
of D
ivide
ndN/
AAb
stain
29-M
ar-1
1AG
MSH
REE R
ENUK
A SUG
ARS
LTD
To ap
prov
e re-
appo
intm
ent o
f Dire
ctors
of th
e Com
pany
, app
rove
appo
intm
ent o
f Add
ition
al Di
recto
r as D
irecto
r liab
le to
retir
e by r
otat
ion, a
ppro
val fo
r app
ointm
ent/r
e-ap
point
men
t of W
holet
ime D
irecto
rs/M
anag
ing D
irecto
r alon
gwith
the t
erm
s and
cond
ition
sN/
AAb
stain
4-Ja
n-10
EGM
GRAS
IMSc
hem
e of A
rrang
emen
tN/
AAb
stain
18-F
eb-1
0EG
MCA
IRN
INDI
A LTD
Sche
me o
f Arra
ngem
ent
N/A
Absta
in20
-Feb
-10
EGM
JUBL
IANT
ORG
ANOS
YS
LTD
Raisi
ng fu
nds t
hrou
gh D
ebt I
nstr.
N/A
Absta
in
24-F
eb-1
0EG
MCR
OMPT
ON G
REAV
ESAm
endm
ents
in M
emor
andu
m of
Asso
c.,Bo
nus I
ssue,I
ncre
ase i
n Aut
horis
ed Ca
pital
N/A
Absta
in7-
Apr-1
0EG
MM
PHAS
IS LT
DTo
appr
ove m
erge
r of M
phas
iS Fin
Solut
ions P
vt. Lt
d, wi
th M
phas
iS Ltd
.N/
AAb
stain
19-A
pr-1
0EG
MSH
REE R
ENUK
A SUG
ARS
LTD
To ap
prov
e the
sche
me o
f am
algam
ation
of G
odav
ari B
iofue
l Pvt.
Ltd.
and R
atna
prab
ha Su
gars
Ltd. w
ith th
e Com
pany
.N/
AAb
stain
20-A
pr-1
0EG
MZE
E ENT
ERTA
INM
ENT L
TDTo
appr
ove c
ompo
site s
chem
e of a
malg
amat
ion an
d arra
ngem
ent b
etwe
en ET
C Net
work
s Ltd
., Zee
Ente
rtainm
ent E
nter
prise
s Ltd
., Zee
Lear
n Ltd
. N/
AAb
stain
21-A
pr-1
0EG
MUN
ITED
SPIR
ITS LT
DTo
appr
ove s
chem
e of a
rrang
emen
t bet
ween
Balaj
i Dist
illerie
s Ltd
., Che
nnai
Brew
eries
Pvt.
Ltd. a
nd U
nited
Spiri
ts Ltd
. and
appr
oving
Reha
bilita
tion S
chem
e of B
alaji
Disti
llerie
s Ltd
. N/
AAb
stain
23-A
pr-1
0EG
MW
ELSP
UN CO
RP LI
MITE
DCh
ange
in th
e nam
e of t
he Co
mpa
ny fr
om 'W
elspu
n-Gu
jarat
Stah
l Roh
ren L
td' to
'Wels
pun C
orp L
td'
N/A
Absta
in29
-Apr
-10
EGM
SUZL
ON EN
ERGY
LIM
ITED
To ap
prov
e red
uctio
n in t
he co
nver
sion p
rice o
f the
Zero
Coup
on Co
nver
tible
Bond
s.N/
AAb
stain
30-A
pr-1
0EG
MAC
TION
CONS
TRUC
TION
Allot
men
t of W
arra
nts t
o pro
mot
ers o
f Com
pany
N/A
Absta
in7-
May
-10
EGM
H E G
Auth
orisi
ng th
e issu
ance
of Se
curit
ies fr
om ti
me t
o tim
e upt
o an a
ggre
gate
amou
nt no
t exc
eedin
g Rs.
400 c
rore
s,Aut
horis
ing th
e Boa
rd of
Dire
ctors
to bo
rrow
fund
s fro
m
time t
o tim
e for
requ
irem
ents
of th
e Com
pany
,Cre
ation
of ch
arge
on th
e mov
able
/ im
mov
able
prop
ertie
s of t
he Co
mpa
ny in
favo
ur of
vario
us le
nder
sN/
AAb
stain
18-M
ay-1
0EG
MDE
WAN
HOU
SING
FIN
CORP
LTD
Issue
equit
y sha
res t
o QIB
's,Iss
ue eq
uity s
hare
s to M
/s. Ca
ledon
ia In
vestm
ents
Plc an
d the
Prom
oter
s of t
he co
mpa
ny on
prefe
rent
ial al
lotm
ent b
asis,
Enha
ncem
ent o
f For
eign
Insti
tutio
nal In
vesto
rs (F
IIs) i
nves
tmen
t lim
it in
the p
aid up
capit
al of
the C
ompa
ny.
N/A
Absta
in
28-M
ay-1
0EG
MDR
REDD
YS
LABO
RATO
RIES
LTD
To ap
prov
e issu
e of u
nsec
ured
, rede
emab
le, no
n-co
nver
tible,
fully
paid
up bo
nus d
eben
ture
s of t
he Co
mpa
ny.
N/A
Absta
in
29-M
ay-1
0EG
MPV
R LTD
To ap
prov
e sch
eme o
f am
algam
ation
betw
een L
eisur
e Wor
ld Pv
t. Ltd
. and
PVR L
td.
N/A
Absta
in2-
Jun-
10EG
MJS
W ST
EEL L
TD (X
- JIN
DAL V
IJAYN
AGAR
ST
EEL
To cr
eate
, offe
r, issu
e and
allot
in on
e or m
ore t
ranc
hes,
upto
175,0
0,000
(One
Cror
e Sev
enty
Five
Lakh
) war
rant
s (W
arra
nts),
conv
ertib
le int
o equ
ity sh
ares
of th
e Com
pany
of
par v
alue o
f Rs.1
0 eac
h (Eq
uity S
hare
s), to
Sapp
hire T
echn
ologie
s Ltd
(the
War
rant
holde
r),
N/A
Absta
in
8-Ju
n-10
EGM
BALR
AMPU
R CHI
NI M
ILLS
Sche
me o
f Arra
ngem
ent f
or th
e dem
erge
r of S
uger
Divi
sion o
f Indo
Gulf
Indu
stries
Ltd.
(IGIL)
and m
erge
r of t
he sa
id Su
gar D
ivisio
n with
Balra
mpu
r Chin
i Mills
Ltd.
(BCM
L)N/
AAb
stain
10-Ju
n-10
EGM
PANT
ALOO
N RE
TAIL
Alte
ratio
n of A
OA,To
incre
ase t
he Au
thor
ized S
hare
Capit
al of
the C
ompa
ny ,T
o san
ction
the S
chem
e of A
rrang
emen
t bet
ween
Hom
e Solu
tions
Reta
il (In
dia) L
td an
d Pa
ntalo
on Re
tail (
India
) Lim
ited a
nd th
eir re
spec
tive S
hare
holde
rs an
d Cre
ditor
s ,To
sanc
tion t
he Sc
hem
e of A
rrang
emen
t bet
ween
Pant
aloon
Reta
il (In
dia) L
imite
d ('PR
IL')
and F
utur
e Mall
Man
agem
ent L
imite
d (FM
ML)
and F
utur
e Mer
chan
dising
Lim
ited (
'FML')
and t
heir r
espe
ctive
Shar
ehold
ers a
nd Cr
edito
rs.
N/A
Absta
in
19-Ju
n-10
EGM
EVER
EST K
ANTO
CY
LINDE
R LTD
Allot
men
t of e
quity
shar
es on
prefe
rent
ial ba
sis to
Relia
nce C
apita
l Asse
t Man
agem
ent L
imite
d A/ c
Relia
nce G
rowt
h Fun
d. N/
AAb
stain
21-Ju
n-10
EGM
ICICI
BANK
LTD
To au
thor
ise th
e Boa
rd of
Dire
ctors
of th
e Ban
k to a
ccept
, the
cons
ent a
nd ap
prov
al of
the M
embe
rs of
the B
ank t
o the
amalg
amat
ion of
The B
ank o
f Raja
sthan
Lim
ited
N/A
Absta
in5-
Jul-1
0EG
MAM
TEK A
UTO
LTD
Issua
nce o
f war
rant
s to p
rom
oter
sN/
AAb
stain
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
22-Ju
l-10
EGM
MON
NET I
SPAT
& EN
ERGY
LT
DFo
r the
purp
ose o
f con
sider
ing, a
ppro
ving,
with
or w
ithou
t mod
ifica
tion,
the p
ropo
sed S
chem
e of A
malg
amat
ion of
Mou
ntev
eres
t Tra
ding a
nd In
vestm
ent L
imite
d with
the
Com
pany
.N/
AAb
stain
22-Ju
l-10
EGM
SUPR
EME
INFR
ASTR
UCTU
RE IN
DIA
LTD
Priva
te Pl
acem
ent o
f equ
ity sh
ares
to Su
prem
e Con
struc
tion a
nd D
evelo
pers
PVt.
Ltd. a
nd Pi
vota
l Sec
uriti
es Pv
t. Ltd
N/A
Absta
in
2-Au
g-10
EGM
GODA
WAR
I POW
ER AN
D ISP
AT LT
DFo
r App
rova
l of t
he pr
opos
ed Sc
hem
e of A
rrang
emen
t of H
ira In
dustr
ies Lt
d. an
d R. R
. Ispa
t Ltd
. with
God
awar
i Pow
er &
Ispa
t Ltd
., the
Tran
sfere
e Com
pany
.N/
AAb
stain
6-Au
g-10
EGM
UNITE
CHTo
appr
ove s
chem
e of a
rrang
emen
t am
ong A
ditya
Prop
ertie
s Pvt.
Ltd,
Unite
ch H
olding
s Ltd
, Unit
ech L
td an
d Unit
ech I
nfra
Ltd.
N/A
Absta
in19
-Aug
-10
EGM
DIAM
OND
POW
ER
INFR
ASTR
UCTU
RE
LIMITE
D
Prefe
rent
ial Is
sue,I
ssue o
f Equ
ity Sh
ares
N/A
Absta
in
4-Se
p-10
EGM
RELIA
NCE P
OWER
LTD
To ap
prov
e Com
posit
e Sch
eme o
f Arra
ngem
ent b
etwe
en Re
lianc
e Nat
ural
Reso
urce
s Ltd
. ('RN
RL') a
nd Re
lianc
e Pow
er Lt
d. ('R
POW
ER') a
nd At
os Tr
ading
Pvt.
Ltd. (
'ATPL
') and
At
os M
erca
ntile
Pvt.
Ltd. (
'AMPL
') and
Coas
tal A
ndhr
a Pow
er In
frastr
uctu
re Lt
d. ('C
APIL'
N/A
Absta
in
7-Se
p-10
EGM
PIPA
VAV S
HIPY
ARD
LTD
Incre
asing
in th
e bor
rowi
ng po
wers
of th
e Com
pany
to Rs
. 250
0 Cro
res b
y issu
e of d
eben
ture
s and
Amen
dmen
t of t
he AO
AN/
AAb
stain
9-Se
p-10
EGM
THE K
ARNA
TAKA
BANK
LT
D.Ri
ghts
Issue
N/A
Absta
in
30-S
ep-1
0EG
MIN
DIAB
ULLS
FINA
NCIA
L SE
RVS
India
bulls
Fina
ncial
Serv
ices L
td ha
s inf
orm
ed BS
E tha
t the
Boar
d of D
irecto
rs of
the C
ompa
ny at
its m
eetin
g held
on Au
gust
31, 2
010,
has d
ecide
d to c
onve
ne an
Extra
Or
dinar
y Gen
eral
Mee
ting (
EGM
) of t
he Sh
areh
older
s of t
he Co
mpa
ny on
Sept
embe
r 30,
2010
.N/
AAb
stain
18-O
ct-10
EGM
SESA
GOA
To ap
prov
e inc
reas
e in i
nves
tmen
t lim
its, a
ppro
val t
o bor
row
in ex
cess
of pa
id-up
capit
al an
d fre
e res
erve
s and
reap
point
men
t of M
r. Am
it Pr
adha
n as W
holet
ime D
irecto
r.N/
AAb
stain
29-O
ct-10
EGM
MAHI
NDRA
AND
MAHI
NDRA
Sche
me o
f Arra
ngem
ent b
etwe
en M
ahind
ra Sh
ubhl
abh S
ervic
es Li
mite
d and
Mah
indra
and M
ahind
ra Li
mite
d. N/
AAb
stain
11-N
ov-1
0EG
MDI
SH TV
INDI
A LTD
For a
ppro
ving t
he Co
mpo
site S
chem
e of A
malg
amat
ion an
d Arra
ngem
ent b
etwe
en D
ish TV
India
Ltd.
and A
gran
i Sat
ellite
Serv
ices L
td. a
nd In
tegr
ated
Subs
cribe
r M
anag
emen
t Ser
vices
Ltd.
and t
heir r
espe
ctive
shar
ehold
ers a
nd cr
edito
rs ('S
chem
e').
N/A
Absta
in
18-N
ov-1
0EG
MHI
NDUJ
A VEN
TURE
LTD
The S
chem
e of A
malg
amat
ion be
twee
n HTM
T Tele
com
Priva
te Li
mite
d int
o Hind
uja Ve
ntur
es Li
mite
d.N/
AAb
stain
23-D
ec-1
0EG
MAU
ROBI
NDO
PHAR
MASu
b-div
ision
of Eq
uity s
hare
s, Al
tera
tion o
f MOA
, Alte
ratio
n of A
OAN/
AAb
stain
17-Ja
n-11
EGM
IFCI L
TDAp
point
men
t of D
irecto
rs in
place
of re
tiring
Dire
ctors,
appr
oval
for k
eepin
g Reg
ister
of M
embe
rs at
R&Ts
place
.N/
AAb
stain
28-Ja
n-11
EGM
BGR E
NERG
Y SYS
TEM
S LT
DM
odifi
catio
n of u
tiliza
tion o
f 'Init
ial Pu
blic O
fferin
g' pr
ocee
ds &
Appo
intm
ent o
f Dire
ctors
N/A
Absta
in
8-Fe
b-11
EGM
KPIT
CUM
MIN
S IN
FOSY
STEM
S LTD
Issua
nce o
f Equ
ity Sh
ares
N/A
Absta
in
15-F
eb-1
1EG
MHE
XAW
ARE
TECH
NOLO
GIES
LTD
Issue
of bo
nus s
hare
s In t
he ra
tio of
One
(1) e
quity
shar
e of R
s. 2/
- eac
h full
y paid
up fo
r eve
ry ex
isting
One
(1) e
quity
shar
e. Re
classi
ficat
ion of
auth
orise
d sha
re ca
pital
from
pr
efere
nce s
hare
capit
al to
equit
y sha
re ca
pital.
N/A
Absta
in
18-F
eb-1
1EG
MMA
X IND
IASp
ecial
reso
lution
for m
aking
inve
stmen
t upt
o an a
mou
nt of
Rs. 7
50 cr
ores
in M
ax H
ealth
care
Insti
tute
Lim
ited a
nd Al
tera
tion o
f AOA
.N/
AAb
stain
4-M
ar-1
1EG
MID
EA CE
LLUL
AR LT
DAp
prov
e alte
ratio
n of A
rticle
s of A
ssocia
tion f
or in
creas
ing th
e max
imum
num
ber o
f Dire
ctors.
N/A
Absta
in9-
Mar
-11
EGM
JAIN
IRRI
GATIO
N SY
STEM
Conv
ersio
n,Ra
ising
fund
s thr
ough
Deb
t Ins
tr.,Q
ualifi
ed In
stitu
tions
Plac
emen
ts,Iss
ue of
Equit
y Sha
res,I
ssue o
f War
rant
sN/
AAb
stain
21-M
ar-1
1EG
MDE
NA BA
NKCo
nside
r allo
tmen
t of e
quity
shar
es on
prefe
rent
ial ba
sis to
Gov
ernm
ent o
f India
N/A
Absta
in24
-Mar
-11
EGM
SIEM
ENS L
TDFo
r issu
ing an
d allo
tting
shar
es to
the m
embe
rs of
Siem
ens H
ealth
care
Diag
nosti
cs Ltd
., Bar
oda (
SHDL
) upo
n am
algam
ation
of SH
DL w
ith th
e Com
pany
N/A
Absta
in25
-Mar
-11
EGM
MCD
OWEL
L HOL
DING
S LT
DTo
issu
e and
allot
upto
18,00
,000 (
eight
een l
akhs
) 10%
Opt
ionall
y Con
verti
ble D
eben
ture
s of R
s. 10
0 eac
h to K
ingfis
her F
inves
t Ind
ia Lim
ited (
Prom
oter
Com
pany
),N/
AAb
stain
28-M
ar-1
1EG
MPU
NJAB
NAT
IONA
L BAN
KSc
hem
e of A
rrang
emen
tN/
AAb
stain
29-M
ar-1
1EG
MBA
NK O
F BAR
ODA
Issua
nce o
f Equ
ity Sh
ares
on a
prefe
rent
ial ba
sis to
Gov
t. of
India
N/A
Absta
in11
-Mar
-10
Posta
l Ball
otMA
HIND
RA AN
D MA
HIND
RASu
b-div
ision
of Eq
uity s
hare
s,Alte
ratio
n of M
OA &
AOA
N/A
Absta
in
15-M
ar-1
0Po
stal B
allot
LANC
O IN
FRAT
ECH
LTD
To Se
ll, Tra
nsfer
and/
or di
spos
e of w
hole
or su
bsta
ntial
ly wh
ole of
the I
nves
tmen
ts (E
quity
and/
or Pr
efere
nce S
hare
s) he
ld by
the C
ompa
ny on
the d
ate o
f sale
in Su
bsidi
aries
, As
socia
tes a
nd ot
her G
roup
Com
panie
s in t
he Po
wer S
egm
ent,
as go
ing co
ncer
ns at
Cost
for C
ash C
onsid
erat
ion in
tran
ches
to an
y Who
lly O
wned
Subs
idiar
y of t
he Co
mpa
ny
in th
e Pow
er Se
gmen
t
N/A
Absta
in
8-Ap
r-10
Posta
l Ball
otKA
LPAT
ARU
POW
ER
TRAN
MISS
ION
LTD
Alte
ratio
n of M
emor
andu
m of
Asso
ciatio
n and
Artic
le of
Asso
ciatio
n, Is
sue o
f sec
uriti
es by
way
of Q
ualifi
ed In
stitu
tiona
l Plac
emen
ts (Q
IP)N/
AAb
stain
3-M
ay-1
0Po
stal B
allot
HEID
ELBE
RG CE
MEN
T IN
DIA L
IMITE
DAu
thor
ising
the B
oard
to Bo
rrow
Fund
s upt
o Rs.
1200
cror
e and
to Cr
eate
a Ch
arge
or M
ortg
age o
n the
Com
pany
's pr
oper
ties f
or se
curin
g the
amou
nt bo
rrowe
d fro
m th
e Ba
nks a
nd Fi
nanc
ial In
stitu
tions
.Shift
ing of
Regis
tere
d Offi
ce fr
om Am
mas
andr
a (Ka
rnat
aka)
to G
urga
on (H
arya
na).
N/A
Absta
in
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
10-M
ay-1
0Po
stal B
allot
POW
ER G
RID
CORP
OF
INDI
A LTD
Incre
ase i
n bor
rowi
ng lim
itsN/
AAb
stain
26-M
ay-1
0Po
stal B
allot
JYOT
I STR
UCTU
RE LT
DGr
antin
g the
Boar
d Bor
rowi
ng po
wers
and p
ower
s of C
reat
ion of
Secu
rity.
N/A
Absta
in
28-M
ay-1
0Po
stal B
allot
RALL
IS IN
DIA L
TDTo
appr
ove i
ssue o
f Bon
us Sh
ares
N/A
Absta
in2-
Jun-
10Po
stal B
allot
WIP
RO LT
DTo
appr
ove i
ssue o
f Bon
us Sh
ares
, incre
ase i
n Aut
horis
ed Ca
pital,
Alte
ratio
n in A
rticle
s of A
ssocia
tion a
nd M
emor
andu
m of
Asso
ciatio
nN/
AAb
stain
7-Ju
n-10
Posta
l Ball
otTA
TA TE
AFo
r cha
nge i
n the
nam
e of t
he Co
mpa
ny fr
om 'T
ata T
ea Lt
d' to
'Tat
a Glob
al Be
vera
ges L
td', f
or Su
b-div
ision
of Eq
uity S
hare
s, Al
tera
tion o
f MOA
and A
OAN/
AAb
stain
9-Ju
n-10
Posta
l Ball
otRE
LIANC
E POW
ER LT
DTo
issu
e sec
uriti
es by
way
of AD
R/GD
R/QI
P/Sh
ares
/Con
verti
ble D
eben
ture
s to v
ariou
s inv
esto
rs N/
AAb
stain
17-Ju
l-10
Posta
l Ball
otSH
IPPI
NG CO
RP. O
F IND
IAIn
creas
e the
Auth
orise
d Sha
re Ca
pital
of th
e Com
pany
N/
AAb
stain
6-Au
g-10
Posta
l Ball
otIN
FRAS
TRUC
TURE
DE
VELO
PMEN
T FIN
ANCE
CO
LTD-
To is
suea
nd al
lot co
mpu
lsoril
y con
verti
ble Pr
efere
nce S
hare
sN/
AAb
stain
6-Au
g-10
Posta
l Ball
otTA
TA M
OTOR
SIss
ue or
dinar
y sha
res i
n exe
rcise
of co
nver
sion o
ption
by ho
lder o
f Zer
o Cou
pon C
onve
rtible
Secu
rities
, incre
ase i
n bor
rowi
ng lim
it an
d cre
ation
of ch
arge
N/A
Absta
in16
-Aug
-10
Posta
l Ball
otM
PHAS
IS LT
DAl
tera
tion i
n Arti
cle of
Asso
ciatio
n, Bu
y Bac
k of S
hare
s, ES
OPN/
AAb
stain
16-A
ug-1
0Po
stal B
allot
ORBI
T COR
PORA
TION
LTD
To in
creas
e bor
rowi
ng po
wer, c
reat
ion of
char
ge/m
ortg
age o
n the
asse
ts, to
mak
e loa
n or g
ive gu
aran
tee t
o rais
e fun
dsN/
AAb
stain
19-A
ug-1
0Po
stal B
allot
BHUS
HAN
STEE
L LTD
Alte
ratio
n in M
emor
andu
m of
Asso
ciatio
n, su
bdivi
sion o
f equ
ity sh
are c
apita
lN/
AAb
stain
21-A
ug-1
0Po
stal B
allot
DISH
TV IN
DIA L
TDAm
endm
ents
in Ar
ticles
of A
ssoc.,
Amen
dmen
ts in
Mem
oran
dum
of A
ssoc.
N/A
Absta
in27
-Aug
-10
Posta
l Ball
otTV
S MOT
ORS
Incre
ase i
n Aut
horis
ed Sh
are C
apita
l by i
ssue o
f Equ
ity Sh
ares
N/A
Absta
in28
-Aug
-10
Posta
l Ball
otBA
JAJ A
UTO
LTD
Incre
ase i
n Aut
horiz
ed Sh
are C
apita
l, Issu
e of B
onus
Shar
es, A
men
dmen
t of A
OA an
d inc
reas
e in l
imit
of in
ter-c
orpo
rate
loan
s & in
vestm
ents
N/A
Absta
in28
-Oct-
10Po
stal B
allot
INDI
AN O
IL CO
RPOR
ATIO
NIn
creas
e in A
utho
rised
Shar
e Cap
ital o
f the
Com
pany
N/A
Absta
in
31-O
ct-10
Posta
l Ball
otCA
IRN
INDI
A LTD
Auth
orisa
tion f
or is
suan
ce of
ESOP
sN/
AAb
stain
8-No
v-10
Posta
l Ball
otSU
N PH
ARMA
Alte
ratio
n in A
rticle
of A
ssocia
tion a
nd su
bdivi
sion o
f Sha
res
N/A
Absta
in15
-Nov
-10
Posta
l Ball
otSU
ZLON
ENER
GY LI
MITE
DIn
creas
e in b
orro
wing
limit,
incre
ase i
n Aut
horis
ed Ca
pital,
crea
tion o
f cha
rge /
mor
tgag
e on t
he as
sets
of th
e Com
pany
N/A
Absta
in23
-Nov
-10
Posta
l Ball
otUN
ICHEM
LAB
For t
he ap
prov
al of
inse
rtion
of N
ew O
bject
Claus
e in t
he M
emor
andu
m of
Asso
ciatio
n and
com
men
cing b
usine
ss em
bodie
d in t
he ne
wly i
nser
ted s
ub-c
lause
66 of
Obje
ct Cla
use I
II, as
and w
hen d
eem
ed fit
by th
e Boa
rd of
Dire
ctors.
N/A
Absta
in
26-N
ov-1
0Po
stal B
allot
TULIP
TELE
COM
LTD
Subd
ivisio
n of e
quity
shar
es, R
emun
erat
ion to
Dire
ctors
and I
ssuan
ce of
ESOP
sN/
AAb
stain
4-De
c-10
Posta
l Ball
otJS
W ST
EEL L
TD (X
- JIN
DAL V
IJAYN
AGAR
ST
EEL
Cons
ider a
llotm
ent o
f equ
ity sh
ares
& Is
suan
ce of
Equit
y Sha
res
Lowe
r lev
erag
e will
redu
ce ris
k in t
he
perfo
rman
ce of
the
com
pany
.
For
6-De
c-10
Posta
l Ball
otPI
RAMA
L HEA
LTHC
ARE
LTD
Buy-
Back
of eq
uity s
hare
s and
For c
ontri
butin
g to c
harit
able
and o
ther
fund
sBu
ybac
k is b
enefe
cial
for S
hare
holde
rs.Fo
r
10-D
ec-1
0Po
stal B
allot
GVK P
OWER
&
INFR
ASTR
UCTU
RE LT
DTra
nsfer
of in
vestm
ents
to su
bsidi
ary c
ompa
ny, in
vestm
ents
mad
e in n
ew pr
ojects
/bidd
ingN/
AAb
stain
10-D
ec-1
0Po
stal B
allot
LIC H
OUSIN
G FIN
ANCE
Alte
ratio
n in A
ricles
and M
emor
andu
m of
Asso
ciatio
n, su
bdivi
sion o
f sha
res
N/A
Absta
in
11-D
ec-1
0Po
stal B
allot
GUJA
RAT N
RE CO
KEGu
jarat
NRE
Coke
Ltd h
as in
form
ed BS
E tha
t the
mem
bers
of th
e Com
pany
will
cons
ider t
o app
rove
the r
esolu
tions
, by w
ay of
Posta
l Ball
ot.
N/A
Absta
in13
-Dec
-10
Posta
l Ball
otIN
DIAN
HOT
ELS
Raisi
ng of
addit
ional
long t
erm
fund
s.N/
AAb
stain
18-D
ec-1
0Po
stal B
allot
KEC I
NTER
NATIO
NAL L
TDRe
-app
ointm
ent o
f MD,
To Sp
lit /
Subd
ivide
equ
ity sh
ares
,Alte
ratio
n of M
OA &
AOA
N/A
Absta
in20
-Dec
-10
Posta
l Ball
otSU
NDAR
AM FI
NANC
EAp
point
men
t of H
arsh
a Viji
as D
irecto
r and
auth
ority
to m
ake l
oans
to bo
dy co
rpor
ates
N/A
Absta
in20
-Dec
-10
Posta
l Ball
otTE
CH M
AHIN
DRA L
TDTo
gran
t opt
ions t
o elig
ible e
mplo
yees
or D
irecto
rs of
the c
ompa
nyN/
AAb
stain
21-D
ec-1
0Po
stal B
allot
FEDE
RAL B
ANK
To gr
ant o
ption
s and
issu
e of e
quity
shar
es to
emplo
yees
inclu
ding D
irecto
rs N/
AAb
stain
21-D
ec-1
0Po
stal B
allot
GTL I
NFRA
STRU
CTUR
E LT
DTo
issu
e ADR
s,GDR
s,ECB
s mak
e plac
emen
t of s
ecur
ities
with
vario
us in
vesto
rsN/
AAb
stain
21-D
ec-1
0Po
stal B
allot
LUPI
N LT
DRe
-app
ointm
ent o
f Mrs
M.D
. Gup
ta as
Dire
ctor, t
o app
rove
paym
ent o
f com
miss
ion to
Non
Exec
utive
Dire
ctor
N/A
Absta
in22
-Dec
-10
Posta
l Ball
otTA
TA ST
EEL L
IMITE
D.In
creas
e in A
utho
rised
capit
al, al
tera
tion i
n arti
cle of
asso
ciatio
n,to
mak
e issu
e thr
ough
priva
te pl
acem
ent
N/A
Absta
in27
-Dec
-10
Posta
l Ball
otJS
W EN
ERGY
LTD
Utilis
ation
of IP
O Pr
ocee
ds, Is
sue o
f Sec
uriti
es un
der E
SOP 2
010,E
xten
sion o
f the
bene
fits o
f ESO
P to t
he em
ploye
es of
the S
ubsid
iary C
ompa
ny(ie
s).N/
AAb
stain
Date
of
Mee
ting
Type
of
Mee
ting
Com
pany
Nam
ePr
opos
alM
anag
emen
t Re
com
men
datio
nVo
te
28-D
ec-1
0Po
stal B
allot
DECC
AN CH
RONI
CLE
HOLD
Decc
an Ch
ronic
le Ho
lding
s Ltd
has i
nfor
med
BSE t
hat t
he m
embe
rs of
the C
ompa
ny w
ill co
nside
r to a
ppro
ve th
e spe
cial re
solut
ion, b
y way
of Po
stal B
allot
.N/
AAb
stain
28-D
ec-1
0Po
stal B
allot
INDI
ABUL
LS RE
AL ES
TATE
LT
DTo
gran
t ins
titut
ion of
ESOP
N/A
Absta
in
3-Ja
n-11
Posta
l Ball
otAP
POLO
TYRE
SAu
thor
izatio
n for
borro
wing
s and
Crea
tion o
f Sec
urity
N/
AAb
stain
3-Ja
n-11
Posta
l Ball
otMA
HIND
RA &
MAH
INDR
A FIN
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Absta
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17-Ja
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For
17-Ja
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Absta
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20-Ja
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For
28-Ja
n-11
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TESH
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