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Thursday, January 08, 2015

JPMorgan India Economic Resurgence Fund Floats On

NFO period is from 13 January to 27 January 2015 

JPMorgan Mutual Fund has launched a new fund named as JPMorgan India Economic Resurgence Fund, an open ended equity 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 13 January to 27 January 2015. 

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of companies with focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity. 

The scheme offers growth and Dividend option (with payout and reinvestment option). 

The scheme would allocate 80%-100% of assets in equity and equity related securities with high risk profile and invest upto 20% of assets in debt and money market instruments with low to medium 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 10 crore under the scheme during the NFO period. 

Entry load: Nil 

Exit load: 1.00%, 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 in respect of purchase made through SIP. 

No exit load is payable if redeemed beyond 18 months from the date of allotment. 

The fund is benchmarked against S&P BSE 200. 

The fund managers of the scheme are Harshad Patwardhan and Karan Sikka. 
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