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Monday, September 08, 2014

JPMorgan India Corporate Debt Opportunities Fund Floats On

NFO period is from 08 September to 17 September 2014 

JP Morgan Mutual Fund has launched a new fund named as JPMorgan India Corporate Debt Opportunities Fund, an open ended income 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 08 September to 17 September 2014. 

The investment objective is to generate regular income and opportunities for capital appreciation while maintaining liquidity through active management of a diversified portfolio comprising of corporate bonds and securities across the investment grade credit rating and maturity spectrum. 

The scheme offers growth, dividend & bonus option. 

The scheme would allocate 80%-100% of assets in corporate bonds and securities including securitized debt instruments with low to medium risk profile and invest upto 20% of assets in other debt and money market instruments with low risk profile. 

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

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 
 
Entry load: Nil 

Exit load: 1.50% if redeemed within 18 months from the date of allotment in respect of purchase made other than through SIP and If redeemed within 18 months from the date of allotment of units of each installment of SIP purchase. 

0.50%, if redeemed after 18 months but within 36 months from the date of allotment in respect of purchase made other than through SIP and If redeemed after 18 months but within 36 months from the date of allotment of units of each installment of SIP purchase.
No exit load is payable if redeemed after 36 months from the date of allotment in respect of purchase made other than through SIP and If redeemed after 36 months from the date of allotment of units of each installment of SIP purchase. 

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. 

The fund managers of the scheme are Namdev Chougule and Ravi Ratanpal. 
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