JP Morgan MF Launches India Liquid Plus Fund - June 26, 2008

JP Morgan MF launches JP Morgan India Liquid Plus Fund and it is an open-ended income scheme. 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 can invest between 70%-100% in money market and debt instruments with maturity, average maturity and also in those with interest rates resetting within or up to a year. The scheme may also invest 0-30% in debt instruments with maturity grater than one year but less than three years. These debt instruments would include securitised debt, which can be up to 50% of the net assets. Investment in derivatives can also be up to 50% of the net assets of the scheme.