Comments
JP Morgan Asset Management India Pvt Ltd (JPMAMIPL) has announced the launch of the JP Morgan India Income Fund Series 301 & 501, three-year and five-year closed-ended income schemes, respectively. The new fund offer will be open for subscription during July 12-24, 2012. The fund’s performance will be benchmarked against the Crisil Short-Term Bond Fund Index for Series 301 and the Crisil Composite Bond Fund Index for Series 501.
A release from the fund house said the primary investment objective of the schemes would be “to generate income through investments in debt securities/ money market instruments and Government of India securities maturing on or before the maturity date of the schemes.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.