Mumbai: JP Morgan Mutual Fund has decided to merge JP Morgan India Alpha Fund, an interval scheme into JP Morgan India Treasury Fund, an open ended income scheme with effect from April 19, 2011.
Investors, who do not agree with the merger, have an option to redeem their investments from March 18, 2011 to April 18, 2011 without any exit load.
JP Morgan India Treasury Fund is an open ended income scheme with investment objective to provide liquidity and optimal returns to the investors by investing primarily in a mix of short-term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund, at the same time maintaining a balance between safety and liquidity.
