The new fund offer opens for subscription on September 08 and closes on September 17.
J.P. Morgan Asset Management India announced the launch of its open ended income scheme called JPMorgan India Corporate Debt Opportunities Fund.
The new fund offer opens for subscription on September 08 and closes on September 17. The fund re-opens on September 24. The scheme aims to generate regular income and capital appreciation by investing predominantly in corporate debt.
Namdev Chougule - Head of Fixed Income, JPMAM India in a press release said, “With growth bottoming out, credible central bank, great macro stability and strong political mandate, in our view, the Indian economy is at the Inflection point. The disinflationary trend in the economy should bode well for monetary easing and may lead to a trend of falling interest rates in medium term. We believe, the rates across the curve could fall meaningfully over the next 18 to 24 months. This is certainly an opportune time for debt investors.”
Elaborating on the NFO, Nandkumar Surti, MD & CEO, JPMAM India said, “The biggest challenge always is that most investors tend to look at past returns before making an investment decision, rather than having a futuristic view. The biggest positive for debt markets unlike equity is that the Central Bank itself is focused on minimizing volatility as it directly impacts economic activity. Investors must understand that volatility is temporary in bond markets. Therefore, my suggestion to all investors is to take a slightly longer term view. Our Corporate Debt Opportunities Fund will benefit investors as it is poised to take advantage of the current economic reforms and improvement in credit rating in medium term.”
The benchmark of the scheme is CRISIL Short Term Bond Fund Index. The exit load, if redeemed within 18 months from the date of allotment (SIP or other) will be 1.50%, after 18 months but within 36 months from the date of allotment (SIP or other) will be 0.50%, after 36 months from the date of allotment there will be no exit load.
