 JP Morgan Mutual Fund launches Tax Advantage FundPublished on Mon, Dec 22, 2008 at 12:31 | Source : Moneycontrol.com Updated at Tue, Jan 13, 2009 at 18:02 Like this story, share it with millions of investors on M3
JP Morgan Mutual Fund has launched JP Morgan India Tax Advantage Fund, an open-ended ELSS scheme. The investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. (View - New Fund Offers open NOW) The new fund offer period (NFO) is open for subscription from December 18, 2008 to January 16, 2009. The scheme re-opens for continous sale and repurchase on January 30, 2009. The face value of new issue is Rs 10 per unit. The scheme offers two options viz. growth option and dividend option with dividend payout facility and dividend re-investment facility. The Minimum investment is Rs 500 and in multiples of Rs 500/- thereafter. The scheme will charge an entry load of 2.25% for investment less than Rs.5 crore. The scheme will not charge any exit load. Asset Allocation:-
The benchmark index for the scheme would be BSE-200 Index. For more Mutual Fund News click here
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