New open ended scheme launched by JPMorgan Mutual Fund
23/03/2015 11:04
JPMorgan Mutual Fund has launched a new open ended balanced scheme named “JPMorgan India Balanced Advantage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 18 and will close on April 1 , the scheme will reopen on April 10. According to the offer document filed with SEBI, the entry load is nil, while exit load of 1 per cent will be charged if the scheme is redeemed within 18 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, Dividend and Bonus options. The performance of the scheme will be benchmarked against CRISIL Balanced Fund Index. Amit Gadgil, Karan Sikka, Namdev Chougule and Ravi Ratanpal will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate long term capital appreciation and current income will be met by investing in a portfolio that is invested in equity and equity related securities as well as in fixed income securities. Hence, the scheme will allocate 30 to 60 per cent of asset in Equity & Equity related Instruments, 30 to 60 per cent of asset in Debt and Money Market Instruments and 5 to 10 per cent of asset in Net Equity Arbitrage Exposure.
23/03/2015 11:04
JPMorgan Mutual Fund has launched a new open ended balanced scheme named “JPMorgan India Balanced Advantage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 18 and will close on April 1 , the scheme will reopen on April 10. According to the offer document filed with SEBI, the entry load is nil, while exit load of 1 per cent will be charged if the scheme is redeemed within 18 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, Dividend and Bonus options. The performance of the scheme will be benchmarked against CRISIL Balanced Fund Index. Amit Gadgil, Karan Sikka, Namdev Chougule and Ravi Ratanpal will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate long term capital appreciation and current income will be met by investing in a portfolio that is invested in equity and equity related securities as well as in fixed income securities. Hence, the scheme will allocate 30 to 60 per cent of asset in Equity & Equity related Instruments, 30 to 60 per cent of asset in Debt and Money Market Instruments and 5 to 10 per cent of asset in Net Equity Arbitrage Exposure.
