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JP Morgan Mutual Fund has announced the launch of JP Morgan ASEAN Equity Off-shore Fund, an open ended fund of funds scheme. The performance of the fund will be benchmarked against MSCI South East Asia Index. 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. An exit load of 1 per cent will be charged if the units are redeemed within 12 months from the date of allotment. The fund is open for subscription till June 24.
Religare Mutual Fund announces change in the name of plans under Religare Short Term Plan. Accordingly, Religare Short Term Plan – Regular Plan will be renamed as Religare Short Term Plan – Plan A and Religare Short Term Plan – Institutional Plan will be renamed as Religare Short Term Plan – Plan B.
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