JPMorgan MF has launched the NFO JPMorgan India Fixed Maturity Plan - Series 302, a 3 year close ended income scheme.
The NFO opens for subscription on August 29, 2012 and closes on September 12, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 3 years from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter.
The investment objective of the scheme is to generate income through investments in Debt / money market instruments and Government of India Securities maturing on or before the maturity date of the scheme.
Source : Accord Fintech
