Apr 3, 2008

Mutual Funds News - JP Morgan MF files offer document

JP Morgan MF files offer document

JP Morgan Mutual Fund has filed an offer document for JP Morgan India Active Bond Fund. It is an open-ended income scheme. The new fund offering (NFO) for the scheme will be Rs. 10 with an applicable entry load during NFO period. The fund house seeks to collect a minimum corpus of Rs. 1 crore for the scheme.

The minimum initial subscription amount under retail plan is Rs. 5000 and in multiples of Rs. 1 thereafter. Under institutional plan, it is Rs 1 crore in multiples of Rs. 1 thereafter.

There will be retail and institutional plan under the scheme. The scheme offers investors a growth option and a dividend payout option. The dividend option will offer dividend payout and dividend reinvestment.

The investment objective is to generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized.