MUMBAI: JPMorgan India Hybrid Fund Series 1 launches

May 07, 2012

Mumbai, 7 May 2012: JPMorgan Asset Management India Private Limited (JPMAMIPL) today announced the launch of JPMorgan India Hybrid Fund Series 1, 37 months closed ended income scheme. The fund is open for subscription from 7 May 2012 to 21 May 2012. The fund performance will be benchmarked against 15% BSE 200 + 85% CRISIL Composite Bond Fund Index.

The primary investment objective of the Scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.

Nandkumar Surti, Managing Director & Chief Executive Officer, JPMAMIPL said, "In the current scenario, investors are quite wary of the equity market. Therefore, it is important to have a diversified portfolio that includes fixed income as a core component irrespective of the state of the equity market. We always advise retail investors to invest across boundaries of asset classes and diversify their investments."

The scheme would allocate 65% - 95% of assets in debt and money market instruments including Government of India Securities with low to medium risk profile, 5% - 35% of assets in equity & equity related instruments with medium to high risk profile. 95% to 100% of debt allocation is intended to be invested in AAA rated non-convertible debentures and up to 5% in cash & cash equivalents. The scheme offers two options viz. growth and dividend (payout) option. No entry and exit load is applicable for the scheme.

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About J.P. Morgan Asset Management

J.P. Morgan Asset Management is the brand name of J.P. Morgan Chase & Co's asset management companies. J.P. Morgan Asset Management is a global asset management leader providing world-class investment solutions to clients. With US$1.336 trillion* in assets under management (as at 31 December 2011) and offices in 40 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.

Commitment to India: JPMorgan Asset Management India Private Limited is the Indian arm of J.P. Morgan Asset Management. It commenced its mutual fund business in India in April 2007, initially establishing its head office in Mumbai and subsequently opening satellite offices in Delhi, Kolkata, Chennai, Ahmedabad, Pune and Bengaluru. The firm distributes its funds through a network of banks, independent financial advisers and national distributors and currently has caters to investors in over 140 cities across the country.

The firm is still in its infancy but has a very clear agenda of bringing the inherent strengths of J.P. Morgan Asset Management into the country, namely:

  • Excellence and continuity in investment management
  • A comprehensive and competitive range of products
  • Strong systems and processes
  • Exceptional risk management and controls

 

J.P. Morgan Asset Management manages assets on behalf of a broad range of retail and institutional investors in India. It continues to expand its product range to meet the needs of its diverse client base, using the resources and expertise available from its global network.

*Note: Includes Investment Management and Private Banking

For further information please contact
Riya Chhabra, Manager - Marketing & Communications, J.P. Morgan Asset Management
Telephone: (91 22) 6157 4115
Email: riya.s.chhabra@jpmorgan.com
 

For media queries please contact
Shraddha Sheth, LinOpinion – The Public Relations Division of Lowe Lintas India
Telephone: (91 22) 3025 3647 / (91) 98200 06913
Email: shraddha.sheth@loweandpartners.com
 

Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The value of investments and the income from them may fluctuate and your investment is not guaranteed. Past performance is not necessarily a guide to future performance and investors may not get back the full amount invested. As an investor you are advised to conduct your own verification and consult your own financial advisor before investing.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 
 

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