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Wednesday, March 18, 2015

JPMorgan India Balanced Advantage Fund Floats On

NFO period is from 18 March to 01 April 2015

JPMorgan Mutual Fund has launched a new fund named as JPMorgan India Balanced Advantage Fund, an open ended balanced scheme. The new fund offer price for the scheme is Rs 10 per unit. The new issue will open for subscription from 18 March to 01 April 2015. 

The investment objective of the scheme is to generate long term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fixed income securities. 

The scheme offers growth, bonus and dividend (payout & reinvestment) options under both regular plan and direct plan. 

The scheme shall invest 30-60% in equity and equity related instruments, 5-10% in net equity arbitrage exposure with medium to high risk profile and 30-60% in debt securities 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 amount of Rs 10 crore during the NFO period. 

Entry load: Nil 

Exit load: For each redemption: 

Within and including 18 (eighteen) months from the date of allotment in respect of Purchases made other than through Systematic Investment Plan (SIP); and if redeemed within and including 18 (eighteen) months from the date of allotment of units of each instalment of SIP purchase: 1% 

Beyond 18 (eighteen) months from the date of allotment: Nil 

The benchmark index for the scheme will be Crisil Balanced Fund Index. 

Fund Managers: 

Equity Portion: Amit Gadgil and Karan Sikka 

Debt Portion: Namdev Chougule and Ravi Ratanpal 
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