JP Morgan Mutual Fund has filed an offer document for JP Morgan India Liquid Plus Fund. It is an open-ended income fund. The new fund offering (NFO) for the scheme is Rs. 10. The fund house seeks to collect a minimum corpus of Rs. 1 crore for the scheme.
The minimum subscription amount under regular plan is Rs. 25,000 and in multiple of Rs. 100 thereafter. The scheme offers investors a growth option and a dividend option. The dividend option offers dividend payout and dividend reinvestment facilities.
The investment objective is to provide liquidity and optimal returns to the investors by investing primarily in a mix of short term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.
The scheme does not charge any entry as well as exit load for the scheme.
The fund will invest 0-100% in money market and debt related instruments with maturity/ average maturity/interest rate reset not greater than 1 year and 0-30% in debt instruments with maturity greater than 1 year but less than 3 years. Debt instruments may include securitised debt (excluding foreign securitised debt) up to 50% of the net assets.
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