What are the NFO dates for JP Morgan India Alpha Fund?
The JP Morgan India Alpha Fund would be launched on 31st July 2008. The NFO period for JP Morgan India Alpha Fund will end on date 29th August 2008.
How will the investors money be allocated to the different assets in JPMorgan India Alpha Fund?
The fund will invest a good amount of money in derivatives.
Equity Derivatives exposure: 40% - 100%
Equity and equity related securities (including ADR, GDR): 25% - 100%
Debt, Money market instruments and Mutual fund units: 0% - 35%
What is the minimum amount required for investment in JP Morgan India Alpha Fund
The minimum amount required for investment in JP Morgan India Alpha Fund is Rs. 5000 and in multiples of Re. 1 thereafter.
Minimum Amount / No. of Units for Redemption is also conditional and is set to Rs 1,000 or 100 Units
What is the price per unit of JPMorgan India Alpha Fund unit?
During the NFO period, the units of JPMorgan India Alpha Fund will be sold at Rs. 10 per unit. Thereafter, they will be sold at the NAV or Net Asset Value.
Related: JM Multi Strategy Fund
What is the load structure of JPMorgan India Alpha Fund?
The entry load for JPMorgan India Alpha Fund is: 2.25% for amount less than 5 Crores (including SIP), NIL for higher amounts.
The exit load for JPMorgan India Alpha Fund is:
- 1% for redemption made within 6 months (Except for SIP)
- 1% for redemption made within 24 months for SIP investment
A switch-out shall also attract an Exit Load like any Redemption.
No Entry Load/ Exit Loads will be chargeable in case of switches made between different Options of the scheme.
What is the investment objective of the JPMorgan India Alpha Fund?
The investment objective of the Scheme is to achieve a total return in excess of the return on short-term instruments through various strategies of buying and selling equity and equity-linked Securities including derivatives. The strategies would be designed to minimize market exposure for investors with a medium to long term horizon. However, there can be no assurance that the investment objective of the Scheme will be realized.
What are the investment options available within the JPMorgan India Alpha Fund?
The JPMorgan India Alpha Fund offers a growth option and a dividend option. The Dividend option offers both a payout and re-investment facility.
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