JS Investments Limited (JSIL) has announced the maturity of JS Principal Secure Fund I (JS PSF I), after successfully completing its tenure of three years and six weeks on June 11, 2012. JS PSF I was launched on April 24, 2009 and has successfully achieved its objective of providing 100 percent security of initial investment to its investors.
Since the funds inception, JS PSF I has provided an impressive cumulative return of 47.31 percent as at June 11. This includes the Interim Bonus Distribution of Rs 11.59 per unit for the unit holders of JS PSF I, which was announced by the Chief Executive Officer of JS Investments. The bonus entitlement was distributed to unit holders, whose names appeared on the Register of Unit Holders at close of Business of June 7.
As per the offering document, the units shall be automatically redeemed to the investor's accounts within 30 Business Days on the maturity of JS PSF I. Investors shall continue to earn a reasonable return on their current investment value, during this period. JS PSF I is the sixth fund of its type to mature from the JS Investments Product suite, after the successful maturity of four funds from the JS Capital Protected Fund and one fund from the JS Principal Secure Fund Series. Currently, the company is successfully managing 13 funds, which include 9 open end, 2 closed end and 2 pension funds.-PR