JF Greater China Equity Off-shore Fund

JP Morgan launches JP Morgan JF Greater China Equity Off-shore Fund (On Jul 15 ,
2009)
JP Morgan mutual fund has launched an open ended fund namely JP Morgan JF Greater China Equity Off-shore fund on 9th July, 2009. The fund will remain open for subscription till 31st July, 2009. The primary investment objective of the schemes is to provide long term capital appreciation by investing in JPMorgan Funds – JF Greater China Equity Off-shore 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. The scheme offers growth option only with minimum application of Rs.10000 and in multiples of Re.1 thereafter. The scheme will levy an entry load of 2.25 per cent for investment less than Rs.5 crores and an exit load of 1 per cent for investments redeemed within 24 months from the date of allotment. The scheme will be benchmarked against MSCI Golden Dragon index and will be managed by Namdev Chougle.