JPMorgan Mutual Fund files offer document for its JPMorgan India Multi Asset Fund
JP Morgan Mutual Fund has filed a draft offer document with SEBI for its open ended equity scheme called - JPMorgan India Multi Asset Fund.
The scheme aims to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.
The scheme plans to invest 20-35% in equity and equity related instruments, 70-90% in equity and equity related derivatives (only arbitrage opportunities) and 25-35% in debt securities and money marker instruments.
The benchmark of the scheme is CRISIL MIP Blended Fund Index. The exit load, if redeemed within and including 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 equity portion of the scheme will be co-managed by Amit Gadgil and Karan Sikka while the debt portion will be co-managed by Namdev Chougule and Ravi Ratanpal.
