Mumbai: JM Financial Mutual Fund has declared a dividend of Rs.0.1260 (1.26 per cent) per unit under the JM Equity & Derivative Fund — Dividend Option.The record date for it was June 29, 2005.

JM Equity & Derivative scheme was launched on February 4, 2005. It collected Rs. 818 crores during the New Fund Offer period. The scheme currently has a corpus of Rs 1000 crores. The scheme provides for 3 options — JM Equity & Derivative Fund — Bonus Option; JM Equity & Derivative Fund — Dividend Option and; JM Equity & Derivative Fund — Growth Option.