JM Financial Launches Triple AAAce India’s First Capital Protection Oriented Portfolio Management Scheme Rated AAA(so) by CRISIL

Salient Features of Triple AAAce Scheme

Ø        India’s First Portfolio Management Scheme (PMS) with a credit opinion equivalent to AAA(so) from CRISIL

Ø        India’s First Capital Protection Oriented PMS using DPI methodology

Ø        India’s First Capital Protection Oriented PMS with both Growth and Payout Option

Ø        India’s First DPI Scheme with Portfolio Value Lock-in Feature

Ø        India’s First Capital Protection Oriented Scheme where Societe Generale Asset Management Alternative Investment (SGAM AI), France will act as Consultant

Mumbai, August 16, 2007: JM Financial Services Private Limited (JM Financial Services) has launched a unique Portfolio Management Scheme that aims to offer 100% capital protection as well as potential capital appreciation. Christened Triple AAAce, the Scheme is India’s first capital protection oriented portfolio management scheme based on the Dynamic Portfolio Insurance (DPI) methodology.

Triple AAAce has been assigned a credit opinion equivalent to AAA(so) by credit rating agency CRISIL, thereby making it India’s first and only CRISIL rated Portfolio Management Scheme.

Globally acknowledged leader in structured products, Societe Generale Asset Management Alternative Investment (SGAM AI), France will act as a consultant and give recommendations and advice based on the DPI methodology.

Triple AAAce aims to provide investors an opportunity to get an optimal exposure to a basket of leading diversified equity mutual fund schemes while simultaneously aiming to achieve 100% Capital Protection. The Scheme is targeted at resident Indians and has a 5-year tenure with a facility to withdraw the invested amount at anytime during this 5-year period. It provides investors both, Growth as well as Payout option, with each option independently securing a AAA(so) credit opinion from CRISIL. While Growth option attempts to lock-in 85% of the Maximum Portfolio Value (Lock-in Feature) reached anytime during the 5-year tenure, the Payout option provides the Lock-in Feature in year 4 and year 5 of the Scheme. The Payout option, additionally, attempts to pay annually upto 7% of the Initial Corpus for the first 3 years of the Scheme.

Mr. Rajeev Chitrabhanu, CEO of JM Financial Services, said, “The Indian equity markets have delivered a higher rate of return compared to most asset classes. However, the global influence has lead to volatility in our equity markets. We therefore recommend allocating a meaningful part of the portfolio to a product such as the Triple AAAce. The Triple AAAce is a unique investment opportunity that allows the investor to capture the upside of the equity markets yet, reducing the risk & volatility of it. This feature makes the product suitable for individual investors as well as corporate investors”

Mr. Subodh Shinkar, COO of JM Financial Services, said, “Triple AAAce is India’s first Capital Protection Oriented PMS which uses DPI methodology to achieve dynamic rebalancing of the portfolio. The allocation between equity mutual fund schemes and debt securities is actively managed with a view to optimise expected return while simultaneously targeting 100% Capital Protection at maturity. Also, the investor has an option to withdraw the corpus anytime during the scheme tenure.” He adds, “Triple AAAce is also the first and only CRISIL rated PMS and has received a AAA(so) credit opinion which indicates the highest degree of certainty with regard to timely payment of the amount deployed by investors on maturity. Triple AAAce has been structured to cater to diverse set of investors with aggressive as well as conservative investment strategies.”

About JM Financial Services

JM Financial Services is a full service wealth management and equity brokerage arm of the JM Financial Group with a focus on capital markets. It is focused on research based investment advisory and equity trading services to corporates, institutions, high net-worth investors, Individual Investors and NRIs.

About JM Financial Group

JM Financial Group is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients. The Group has business interests in investment banking, institutional equity sales and broking, private and corporate wealth management, research, equity broking, portfolio management, asset management, commodity broking, NBFC activities and private equity. For more information, log on to www.jmfinancial.in.

Note: Investors are advised to carefully go through the Risk Factors and Disclaimers before deploying their funds in Triple AAAce Capital Protection Oriented Scheme.