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JPMorgan MF Launches 370 Days FMP

NFO Period from 23 June to 27 June 2011

JPMorgan Mutual Fund has launched a new fund named as JPMorgan India Fixed Maturity Plan Series 3, a 370 day close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 23 June and closes on 27 June 2011.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. The scheme offers two options viz. growth and dividend (payout) option. The scheme would allocate upto 100% of assets in debt & money market instruments and Government of India securities with low to medium risk profile. Entry and exit load charge will not be applicable for the scheme. The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
 
Benchmark index for the scheme is Crisil Short Term Bond Fund Index. Mr. Nandkumar Surti and Mr. Namdev Chougule will be the fund managers for the scheme.
 

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