The Hindu Business Line : JPMorgan launches Smaller Cos Fund

JPMorgan Asset Management India Pvt Ltd launched its second equity fund, JPMorgan India Smaller Companies Fund. This open-ended equity growth scheme aims to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity-related securities focused on smaller companies. The fund is open for subscription from November 9, to November 30

The scheme will invest 65-100 per cent in equity and equity-related securities of smaller companies, up to 35 per cent in companies other than smaller companies, which include investments in equity and equity related securities issued by domestic companies, including derivatives traded on the futures and options segment of Indian stock exchanges not exceeding 50 per cent of the net assets of the scheme; offshore securities, ADRs and GDRsand up to 35 per cent in debt and money market instruments. Investment in securitised debt may be made to the extent of 20 per cent of net assets of the scheme.

The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter and Rs 1,000 for an additional application each. The entry load is 2.25 per cent for an investment of less than Rs 5 crore and one per cent of exit load for redemptions made within six months from the allotment date.

The benchmark index for the scheme is CNX-Midcap.

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