Wednesday, May 21, 2008

With Sebi To Launch JP Morgan India Alpha Fund

JP Morgan Mutual Fund filed offer document with Sebi to launch JP Morgan India Alpha Fund. It's an equity oriented interval scheme. The investment objective the scheme is to achieve a total return in excess of the return on short-term instruments through a market-neutral strategy of buying and selling equity and equity linked securities. The strategy is designed to remain broadly market neutral for investors with a medium to long-term horizon.

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