JPMorgan Mutual Fund has launched the New Fund Offer (NFO) of JPMorgan Fixed Maturity Plan-Sr 37, a close ended income scheme. The NFO opens for subscription on Apr 17, 2014 and closes on Apr 25, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund managers are Namdev Chougule and Ravi Ratanpal
The investment objective of the scheme is to generate income through investments in Debt Securities /Money Market Instruments and Government of India Securities (“GoI Securities”) maturing on or before the maturity date of the Scheme
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