JP Morgan Mutual Fund has launched a new fund as JP Morgan JF ASEAN Equity Off - Shore Fund - an open-ended Fund of Funds scheme. The investment objective of the scheme is to provide long term capital growth by investing predominantly in JPMorgan Funds – JF ASEAN Equity Fund, an equity fund which invests primarily in companies of countries which are members of the Association of South East Asian Nations (ASEAN).
The New Fund Offer (NFO) will be open for subscription from June 10,2011 and closes on June 24, 2011. The Scheme re-opens for continuous sale and repurchase from July 05,2011. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The Scheme offers growth option only.
The minimum purchase amount is Rs. 5000/- and in multiples of Rs 1 thereafter and also additional purchase is Rs. 1000/- and in multiples of Rs. 1 thereafter.
The minimum redemption amount is Rs.1000/- or 100 Units or the account balance, which ever lower.
The Cut off timing for subscriptions/ redemptions/ switches :
(1) where the application is received upto 3.00 PM with a local cheque or demand draft payable at par at a place where it is received - closing NAV of the day of receipt of application.
(2) where the application is received after 3.00 PM with a local cheque or demand draft payable at par at a place where it is received - closing NAV of the next business day.
Entry Load: Nil, Exit Load: 1.00%, if the units are redeemed within 12 months from the date of allotment.
The Special Products/Facilities available as Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) & Systematic Withdrawal Plan (SWP).
The scheme would allocate 80 percent to 100 percent of assets in Units / shares of JPMorgan Funds – JF ASEAN Equity Fund with Medium to High risk profile. It would further allocate upto 20 percent of assets in Money market instruments and/or units of liquid schemes with Low to Medium risk profile.
The New Fund Offer (NFO) will be open for subscription from June 10,2011 and closes on June 24, 2011. The Scheme re-opens for continuous sale and repurchase from July 05,2011. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The Scheme offers growth option only.
The minimum purchase amount is Rs. 5000/- and in multiples of Rs 1 thereafter and also additional purchase is Rs. 1000/- and in multiples of Rs. 1 thereafter.
The minimum redemption amount is Rs.1000/- or 100 Units or the account balance, which ever lower.
The Cut off timing for subscriptions/ redemptions/ switches :
(1) where the application is received upto 3.00 PM with a local cheque or demand draft payable at par at a place where it is received - closing NAV of the day of receipt of application.
(2) where the application is received after 3.00 PM with a local cheque or demand draft payable at par at a place where it is received - closing NAV of the next business day.
Entry Load: Nil, Exit Load: 1.00%, if the units are redeemed within 12 months from the date of allotment.
The Special Products/Facilities available as Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) & Systematic Withdrawal Plan (SWP).
The scheme would allocate 80 percent to 100 percent of assets in Units / shares of JPMorgan Funds – JF ASEAN Equity Fund with Medium to High risk profile. It would further allocate upto 20 percent of assets in Money market instruments and/or units of liquid schemes with Low to Medium risk profile.
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