NFO period: 22nd September – 1st October, 2014
JPMorgan
Asset Management India Private Limited has announced the launch of JPMorgan
India Equity Savings Fund, an open ended income scheme that brings you the Power of Three, providing a foundation
for the potential of Equity adding to investments as well as the prudence of
Fixed Income assets and Arbitrage opportunities.
The
underlying investment philosophy of this fund is to provide capital
appreciation and income distribution to the investors by using equity and
equity related instruments, arbitrage opportunities, and investments in debt
and money market instruments.
Investing
in the fund provides potential for growth by participating in the long term
prospects of Indian equities. It aims to provide regular income from the fixed
income investment portion of the portfolio and is less volatile.
A disciplined
process is used to buy underweight assets that are low in value and sell
overweight assets that are highly appreciated. Implementing this constant
rebalancing process would enhance the returns of a portfolio while maintaining
a consistent and appropriate level of risk.
The Fund is treated similar to
equity funds for tax purposes and has the potential to deliver better post-tax
returns at a similar level of risk compared to hybrid / MIP funds.
 |
| Nandkumar Surti, MD & CEO, JPMAM India |
Elaborating
on the NFO, Mr. Nandkumar Surti,
MD & CEO, JPMAM India
said, “There
is mounting evidence that the level of economic activity is picking up. This
will improve the topline growth and result in faster earnings growth for
corporate India. Over the next few years we are positive that the Indian
economy will deliver returns well above its long term CAGR return. JPMorgan
India Equity Savings Fund is made for investors who look to diversify their
portfolio to obtain a lower-risk investment than a pure equity fund, but with
greater prospects for growth than a pure fixed income fund. ”
 |
| Namdev Chougule, Head – Fixed Income, JPMAM India |
Mr.
Namdev Chougule, Head – Fixed Income, JPMAM India said, “We are introducing the JPMorgan India
Equity Savings Fund at a favorable time for debt investors. Right now the
Indian economy is at an inflection point. Tighter fiscal policy and focus on
controlling inflation will bode well for monetary easing. This may lead to a
trend of falling interest rates in medium term. This product is best suited for
investors who wish to gain from the current macroeconomic environment.”
 |
| Mr. Amit Gadgil, Fund Manager - Equity, JPMAM India |
Mr.
Amit Gadgil, Fund Manager - Equity, JPMAM India said, “We believe that this is an opportune
time for investors to be invested in equities. We expect improving macro
indicators will pave the way for strong corporate earnings growth over the next
3-5 years. Further, such an improvement in earnings momentum is likely to
result in valuation re-rating for the Indian markets. As such, we believe
Indian equities will deliver good returns in the medium to long term. ”
Key
features of JPMorgan India Equity Savings Fund..!
|
NFO opening date
|
September 22,
2014
|
|
NFO closing date
|
October 01, 2014
|
|
Scheme re-opening
date
|
October 14, 2014
|
|
Nature of the
Scheme
|
Open-Ended Equity
Scheme
|
|
Benchmark
|
70 % of CRISIL
Liquid Fund Index and 30 % in CNX Nifty
|
|
Entry load
|
NIL
|
|
Exit Load
|
1 % if
redeemed / switched out within 18 months from the date of allotment. NIL beyond
18 months from the date of allotment
|
|
Initial
Application Amount
|
Rs.5,000 per
application and in multiples of Re.1/- thereafter
|
|
Additional
Application Amount
|
Rs.1,000 per
application and in multiples of Re.1/- thereafter
|
|
Amount/No. of
Units for Redemption
|
Rs.1,000 or / 100
Units or the account balance, whichever is lower
|
|
SIP Dates
(Systematic Investment Plan)
|
1st, 10th, 15th,
25th of every month
|
|
STP Dates
(Systematic Transfer Plan)
|
1st (default),
10th, 15th, 25th of every month
Frequency -
Daily, Weekly, Fortnightly, Monthly (default)
|
|
SWP Dates
(Systematic Withdrawal Plan)
|
1st (default),
10th, 15th, 25th of every month
Frequency -
Monthly (default), Quarterly
|
About
J.P. Morgan Asset Management
J.P. Morgan Asset Management
(“JPMAM”) is the brand name of J.P. Morgan Chase & Co.’s asset management
companies, including JPMorgan Funds (Asia) Limited. J.P. Morgan Asset
Management is a global asset management leader providing world-class investment
solutions to clients. With about US$1.6 trillion* in assets under management
(the Asset Management client funds of J.P. Morgan Chase & Co. as at 31
March 2014) and offices in 38 countries around the world, J.P. Morgan Asset
Management offers global coverage with a strong local market presence, and
leadership positions in most asset classes. J.P. Morgan Asset Management
managed Asia Pacific client assets totaling US$133.5 billion as at 31 March
2014.
In Asia Pacific we have 8
offices, including Hong Kong as our regional headquarters, Australia, China,
India, Japan, Korea, Singapore and Taiwan. With over 1,600 employees across the region,
JPMAM is able to provide a constant link to these markets and to gather
first-hand insights and perspective.
Commitment
to India: JPMorgan Asset Management India Private Limited is the
Indian arm of J.P. Morgan Asset Management. It commenced its mutual fund business
in India in April 2007, initially establishing its head office in Mumbai and
subsequently opening satellite offices in Delhi, Kolkata, Chennai, Ahmedabad,
Pune and Bengaluru. The firm distributes its funds through a network of banks,
independent financial advisers and national distributors across the country.
The
form has a very clear agenda of bringing the inherent strengths of J.P. Morgan
Asset Management into the country, namely:
· Excellence and continuity in investment
management
· A
comprehensive and competitive range of products
· Strong
systems and processes
· Exceptional
risk management and controls
J.P.
Morgan Asset Management manages assets on behalf of a broad range of retail and
institutional investors in India. It continues to expand its product range to
meet the needs of its diverse client base, using the resources and expertise
available from its global network.
*Note:
Includes Investment Management and Private Banking Opinions, estimates,
forecasts, and statements of financial market trends that are based on current
market conditions constitute our judgment and are subject to change without
notice. We believe the information provided here is reliable but should not be assumed
to be accurate or complete. Informational sources are considered reliable but
you should conduct your own verification of information contained herein.
The
value of investments and the income from them may fluctuate and your investment
is not guaranteed. Past performance is not necessarily a guide to future
performance and investors may not get back the full amount invested. These
price movements may result from factors affecting individual companies, sectors
or industries. Equity securities are subject to “stock market risk,” meaning
that stock prices in general may decline over short or extended periods of
time.
Tax
implications are different based on the products and various other factors.
J.P. Morgan accepts no liability with respect to the investment decision being
taken. Please consult your Tax Advisor before investing. As an investor you are advised to conduct
your own verification and consult your own financial advisor before investing.
Mutual
Fund investments are subject to market risks, read all scheme related documents
carefully.
For further information
please contact..!
Mansi Desai
Manager - Marketing & Communications,
J.P. Morgan Asset Management, India
Mobile: 9920432378
Email Id: mansi.t.desai@jpmorgan.com
Mihir Dani
Sr. Management Supervisor
IPAN Hill+Knowlton Strategies
Mobile: 7738012080
Email Id: mihir.dani@hkstrategies.com
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