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Saturday, December 27, 2008

JP Morgan India Active Bond Fund revises exit load

With effect from 31 December 2008

JP Morgan Mutual Fund has approved revision in the exit load structure under institutional plan of the JP Morgan India Active Bond Fund with effect from 31 December 2008.

Accordingly, for any amount if redeemed within 3 months of allotment of units, 0.25% exit load will be charged. Earlier, it was 0.25% if redemption was made within 1 month of allotment.

The investment objective is to generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments.

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