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Thursday, July 12, 2012 02:03 PM JPMorgan MF introduces JPMorgan India Income Fund - Series 501

JPMorgan Mutual Fund has launched the New Fund Offer (NFO) of JPMorgan India Income Fund - Series 501, a close ended income scheme.

The NFO opens for subscription on July 12, 2012 and closes on July 24, 2012. No entry load or exit load will be applicable for the scheme.

The minimum subscription amount is Rs. 5000.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Namdev Chougule and Ravi Ratanpal.

The investment objective of the scheme is to generate income through investments in debt securities/ money market instruments and Government of India Securities (“GoI Securities”) maturing on or before the maturity date of the scheme. However, there can be no assurance that income can be generated, regular or otherwise, or that the investment objective of the scheme will be realized.

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