Background: J. P. Morgan Asset Management India was approved by SEBI to act as the asset management company for the Fund on 12 February 2007. The fund house manages assets worth Rs 3955.88 crore as on May 2009. JP Morgan India Equity Fund (G) an open-ended equity-diversified scheme launched in April 2007.
The objective of the scheme is to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives.
The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 9.38 as on 30 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 129.89 crore to Rs 744.31 crore in May 2009.
JPMorgan India Equity Fund (G) took fresh exposure to two stocks in May 2009. The scheme has purchased 1.24 lakh units (2.14%) of Reliance Infrastructure and 5.57 lakh units (1.53%) of Union Bank of India.
The scheme exited completely from Hindustan Unilever by selling 5.99 lakh units (2.29%) and Nestle India by selling 76403 units (2.12%) in May 2009.
Sector-wise, the scheme took fresh exposure to Diversified-Mega at 1.59%, Pharmaceuticals-Indian-Bulk Drugs at 1.33%, Automobiles-Motorcycles/Mopeds at 1.17% and Steel-Sponge Iron at 1.08% among others in May 2009.
Sector-wise, the scheme did exit completely from Personal Care-Multinational at 2.29% and Food-Processing-MNC at 2.12% in May 2009
The scheme had highest exposure to Reliance Industries with 2.99 lakh units (9.16% of portfolio size) followed by ICICI Bank with 4.99 lakh units (4.97%), HDFC Bank with 2.25 lakh units (4.37%) and Larsen & Toubro with 2.26 lakh units (4.28%) among others in May 2009.
It reduced its exposure from Bharti Airtel by selling 1.82 lakh units to 1.77 lakh units (by 2.44%), ITC by selling 4.96 lakh units to 10.01 lakh units (2.14%), Infosys Technologies to 1.44 lakh units (0.43%) and HDFC Bank by selling 34057 units to 2.25 lakh units (0.28%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 9.34% (from 9.03% in April 2009), followed by Refineries at 9.16% (8.82%), Banks-Public Sector at 4.65% (2.59%) and Engineering-Turnkey Services at 4.28% (3.25%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Telecommunications-Service Provider to 1.96% (by 2.44%), Cigarettes to 2.47% (by 2.14%), Computers-Software-Large to 3.12% (by 0.43%) and Diversified-Mega to 1.55% (by 0.04%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 1.76% outperforming the BSE 200 that declined 0.32% over 1 month period ended 30 June 2009.
Over 3 months period, the scheme advanced by 47.58% underperforming the BSE 200 that gained 57.67%. It rose by 2.33% underperforming the benchmark index that was up by 7.48% over 1 year period.
The objective of the scheme is to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives.
The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 9.38 as on 30 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 129.89 crore to Rs 744.31 crore in May 2009.
JPMorgan India Equity Fund (G) took fresh exposure to two stocks in May 2009. The scheme has purchased 1.24 lakh units (2.14%) of Reliance Infrastructure and 5.57 lakh units (1.53%) of Union Bank of India.
The scheme exited completely from Hindustan Unilever by selling 5.99 lakh units (2.29%) and Nestle India by selling 76403 units (2.12%) in May 2009.
Sector-wise, the scheme took fresh exposure to Diversified-Mega at 1.59%, Pharmaceuticals-Indian-Bulk Drugs at 1.33%, Automobiles-Motorcycles/Mopeds at 1.17% and Steel-Sponge Iron at 1.08% among others in May 2009.
Sector-wise, the scheme did exit completely from Personal Care-Multinational at 2.29% and Food-Processing-MNC at 2.12% in May 2009
The scheme had highest exposure to Reliance Industries with 2.99 lakh units (9.16% of portfolio size) followed by ICICI Bank with 4.99 lakh units (4.97%), HDFC Bank with 2.25 lakh units (4.37%) and Larsen & Toubro with 2.26 lakh units (4.28%) among others in May 2009.
It reduced its exposure from Bharti Airtel by selling 1.82 lakh units to 1.77 lakh units (by 2.44%), ITC by selling 4.96 lakh units to 10.01 lakh units (2.14%), Infosys Technologies to 1.44 lakh units (0.43%) and HDFC Bank by selling 34057 units to 2.25 lakh units (0.28%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 9.34% (from 9.03% in April 2009), followed by Refineries at 9.16% (8.82%), Banks-Public Sector at 4.65% (2.59%) and Engineering-Turnkey Services at 4.28% (3.25%) among others in May 2009.
Sector wise, the scheme had reduced exposure from Telecommunications-Service Provider to 1.96% (by 2.44%), Cigarettes to 2.47% (by 2.14%), Computers-Software-Large to 3.12% (by 0.43%) and Diversified-Mega to 1.55% (by 0.04%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted returns of 1.76% outperforming the BSE 200 that declined 0.32% over 1 month period ended 30 June 2009.
Over 3 months period, the scheme advanced by 47.58% underperforming the BSE 200 that gained 57.67%. It rose by 2.33% underperforming the benchmark index that was up by 7.48% over 1 year period.
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