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Tuesday, June 17, 2014

JPMorgan Emerging Markets Opportunities Equity Offshore Fund Floats On

NFO period is from 16 June to 30 June 2014

JP Morgan Mutual Fund has launched a new fund named as JPMorgan Emerging Markets Opportunities Equity Offshore Fund, an open ended funds of funds scheme. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 16 June to 30 June 2014. 

The primary investment objective of the scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds – Emerging Markets Opportunities Fund, an equity fund which invests primarily in an aggressively managed portfolio of emerging market companies. 

The scheme would invest 95%-100% of assets in shares of the underlying fund i.e. JPMorgan Funds – Emerging Markets Opportunities Fund with high risk profile and invest upto 5% of assets in money market instruments, cash & cash equivalents and / or units of liquid schemes with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

Entry load: Nil 

Exit load: 1% for redemption within 12 (twelve) months from the date of allotment in respect of purchase made other than through SIP; and within 12 (twelve) months from the date of allotment in respect of each purchase made through SIP and nil for redemption beyond 12 (twelve) months from the date of allotment. 

Benchmark Index for the scheme is Morgan Stanley Capital International (MSCI) Emerging Markets Index (Total Return Net). 

The fund manager of the scheme is Namdev Chougule.
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