JP Morgan Asset Management Company has filed a draft offer document with SEBI to launch its close ended income India Hybrid Fund Series 4. The scheme aims to seek excessive returns and reduce interest rate volatility by investing in a mixed portfolio of equity instruments and fixed income securities that are maturing on or before the maturity of the scheme.
The benchmarks of the scheme will be BSE 200 and Crisil Short Term Bond Fund Index. The minimum application amount will be Rs 5000. The scheme will be for duration of 12 months to 60 months from the date of allotment. The fund will be co-managed by Namdev Chougule (fixed income), Ravi Ratanpal (debt), Amit Gadgil (equity) and Karan Sikka (equity).
