JPMorgan MF launches Short Term Income Fund

The Scheme offer two options - growth option and dividend option. The dividend option offers weekly, fortnightly, and monthly dividend reinvestment options and monthly dividend payout.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. Additional purchase Rs. 1,000/- per application and in multiples of Re. 1/- thereafter.

Entry load - nil. Exit load charge will be 0.15% for each redemptions within 15 days from the date of allotment in respect of purchase made other than SIP and purchase made through SIP.

The scheme will invest 65% - 100% of assets in money market and debt instruments including government securities with maturity / average maturity / residual maturity / interest rate reset not greater than 1 year. It would invest up to 0-35% of assets in debt instruments with maturity / average maturity / residual maturity / interest rate reset greater than 1 year. Debt Instruments include securitised debt. Securitised debt can be up to 50% of the net assets. Investment in Derivatives would be gross exposure up to 50% of the net asset of the scheme.

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

The fund managers of the scheme will Mr. Nandkumar Surti and Mr. Namdev Chougule.

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