JP Morgan Mutual Fund files offer document for its India Economic Reforms and Infrastructure Fund

JP Morgan Mutual Fund files offer document for its India Economic Reforms and Infrastructure Fund

JP Morgan Mutual Fund has filed a draft offer document with SEBI for its open ended equity scheme called - JPMorgan India Economic Reforms and Infrastructure Fund.

The scheme seeks to generate long term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of companies involved in the economic development of India which could benefit from structural changes brought about by continued liberalization in economic policies by the government and investments in infrastructure.

The benchmark of the scheme is S&P BSE 200. The exit load within 18 (eighteen) months from the date of allotment in respect of purchase made other than through SIP; and within 18 (eighteen) months from the date of allotment in respect of each purchase made through SIP will be 1% of the applicable NAV and beyond 18 (eighteen) months from the date of allotment, there will be no exit load.

The fund will be co-managed by Harshad Patwardhan and Karan Sikka.