JPMorgan Mutual Fund has launched JPMorgan JF Greater China Equity Off-shore Fund, an open ended fund of funds scheme. The primary investment objective of the Scheme is to provide long term capital appreciation by investing in JPMorgan Funds - JF Greater China Equity Fund, an equity fund which invests primarily in a diversified portfolio of companies incorporated or which have their registered office located in, or derive the predominant part of their economic activity from, a country in the Greater China region.(View - New Fund Offers open NOW)

The new fund offer (NFOs) open for subscription from July 9 to July 31, 2009. The fund will re-open on August 28 2009.  The face value of the new issue will be Rs 10 per unit.

The scheme offers only Growth Plan.

The Minimum New Purchase amount is Rs 10,000/- and in multiple of Re.1/- thereafter.

Entry Load 2.25% for investment of less than Rs 5 croes. Exit Load of 1% if redeem within 6 months from the date of allotment in respect of Purchase made other than through SIP. Exit load of 1% in respect of the first purchase made through SIP if redeem Within 24 months from the date of allotment.

The scheme will invest 80%-100% in units / shares of JPMorgan Funds - JF Greater China Equity Fund and 0-20% in money market instruments and / or units of liquid schemes. Since the scheme is a fund of funds scheme, it cannot invest in any other fund of funds scheme.

The benchmark index for the scheme would be MSCI Golden Dragon Index (Total Return Net).

The scheme will be manage by Namdev Chougule

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