JP Morgan Mutual Fund has filed offer document with Sebi to launch JPMorgan JF Greater China Equity Off-shore Fund. It is an open-ended fund of funds scheme. The face value of the new issue will be Rs 10 per unit. The primary investment objective of the schemes is to provide long term capital appreciation by investing in JPMorgan Funds - JF Greater China Equity Off-shore Fund, an equity fund which invests primarily in a diversified portfolio of companies incorporated or which have their registered office located in, or derive the predominant part of their economic activity from, a country in the Greater China region.
The scheme offers a growth option only and the minimum subscription amount under this option is Rs 10,000 and in multiples of Re 1 thereafter. The scheme will invest up to 80%-100% in units / shares of JPMorgan Funds - JF Greater China Equity Fund. It will invest up to 20% in money market instruments and/or units of liquid schemes. There will be an entry load of 2.25% for investment amount less than Rs. 5 crore. For investment amount greater or equal to Rs 5 crore, there will be no entry load. There will be an exit load of 1.00% for investments redeemed within 24 months from the date of allotment.
The scheme offers a growth option only and the minimum subscription amount under this option is Rs 10,000 and in multiples of Re 1 thereafter. The scheme will invest up to 80%-100% in units / shares of JPMorgan Funds - JF Greater China Equity Fund. It will invest up to 20% in money market instruments and/or units of liquid schemes. There will be an entry load of 2.25% for investment amount less than Rs. 5 crore. For investment amount greater or equal to Rs 5 crore, there will be no entry load. There will be an exit load of 1.00% for investments redeemed within 24 months from the date of allotment.
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