JPMorgan Mutual Fund files offer document for its JPMorgan India Balanced Advantage Fund
JP Morgan Mutual Fund has filed a draft offer document with SEBI for its open ended balanced scheme called - JPMorgan India Balanced Advantage Fund.
The scheme aims 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 will invest 30%-60% in equity and equity related instruments, 5%-10% in net equity arbitrage exposure and 30%-60% in debt securities and money market instruments.
The benchmark of the scheme is CRISIL Balanced 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.
