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I. BACKGROUND AND SALIENT FEATURES OF THE SCHEMES In December 1994, JM Mutual Fund made a simultaneous launch of three open-ended schemes, namely JM Equity Fund, JM Balanced Fund and JM Income Fund

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2. Begin with the background: In this section, provide a brief overview of the subject or topic. Explain its background, history, and any significant events or developments that have shaped it. Make sure to include the key factors that have influenced the current situation.
3. Highlight the salient features: Once the background has been established, focus on the salient features of the subject. These are the distinctive aspects, characteristics, or qualities that set it apart from others. Provide a clear and concise description of the most important features or elements that define the subject.
4. Use organized and logical structure: When writing about the background and salient features, organize your content in a logical manner. Use headings or bullet points to clearly separate different pieces of information. This will make it easier for the reader to grasp and understand the content.
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What is background and salient features?

Background and salient features provide a summary and key points about a particular topic or subject.

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The individuals or organizations responsible for preparing the documentation are required to file background and salient features.

How to fill out background and salient features?

The background and salient features should be filled out by providing relevant information and highlighting the key points of the topic or subject.

What is the purpose of background and salient features?

The purpose of background and salient features is to provide a concise summary and important details about a particular topic or subject.

What information must be reported on background and salient features?

The background and salient features should include relevant details, key points, and summary of the topic or subject.