JPMorgan Asset Management India Private Ltd has announced the launch of a five-year close-ended income scheme — JPMorgan India Fixed Maturity Plan - Series 502. The new fund offer opens today (September 14, 2012) and closes on September 28, 2012. The fund’s performance will be benchmarked against CRISIL Composite Bond Fund Index.
The scheme hopes to generate income through investments in debt securities or money market instruments and Government of India securities maturing on or before the maturity date of the scheme. However, there is no assurance that income can be generated, regular or otherwise, or that the investment objective of the scheme will be realised.