On the future plans of the company, Bishnoi said, ``JM is planning to launch an innovative monthly income plan with three options. The new MIP will be an open-end fund which will provide steady-returns to investors through various options based on risk levels like low, medium and high.'' Under the scheme, investors will be allowed to switch within various schemes and options based on their convenience and market conditions, he added.

Bishnoi said JM is alsocontemplating a special scheme for pensioners which would be linked to medical and other insurance. ``The pensioners Fund will have interesting features and it will be done under a defined-contribution-plan that is very popular abroad,'' he said.

JM has plans to foray into fund consultancy services to provide strategic advice to foreign institutional investors and other investors, Bishnoi said.JM has also embarked upon a comprehensive technology upgradation programme. ``We have earmarked a sizeable investment for technology upgradation and by March 2000 we will be completely IT compliant,'' he said.

The company will also launch its website in a month's time and the site would feature ``web-chat'' that would allow investors to consult fund managers easily. JM Capital is a part of JM Financial and Investment Consultancy Service Ltd (a private sector investment bank) and JM Share & Stock Brokers Ltd (the country's first listed broking company.)