Home  /   About Us  /   Contact Us  /  Careers  /  Site Map
     
   
About us Funds FAQs Downloads Webcasts NAVs What's New!
You are here : Home > Funds > Scheme Details
Our Funds

Funds
Scheme Details
 
Scheme Name JPMorgan India Tax Advantage Fund (An Open Ended Equity Linked Savings Scheme)
Launch Date 18/12/2008
Fund Manager Mr. Harshad Patwardhan and Mr. Amit Gadgil (for equity portion)
Mr. Nandkumar Surti and Mr. Namdev Chougule (for debt portion)
Investment Objective

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. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Plans The Scheme offers a growth option and a dividend option. The Dividend option offers both a payout and re-investment facility.
Asset Allocation Pattern*

Instrument

Normal allocation (% of net assets)

Indicative allocation (% of net assets)

Risk profile

Equity and equity related securities*

95%

 80-100%

Medium to high

Debt and Money market instruments 5% 0.20% Low to medium

* In accordance with the ELSS, investments by the Scheme in equity and equity related Securities will not fall below 80% of the net assets of the Scheme. As per the ELSS, the Scheme after 3 (three) years from the date of allotment of Units can hold investments in short term money market instruments or other liquid instruments or both only up to 20% of its net assets.

Under normal market conditions, the corpus of the assets of the Scheme shall be predominantly invested in equity Securities as per the asset allocation pattern above. However, due to market conditions, the AMC may invest beyond the range set out above.

Such deviations shall normally be for a short term purpose only, for defensive considerations and with the intention of protecting the interests of the Unit Holders. In the event of deviations, rebalancing will normally be carried out within 10 (ten) Business Days.

The Mutual Fund shall strive to invest the funds in the manner stated above within a period of six months from the date of closure of the New Fund Offer.

*Equity related Securities shall mean equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of 12 (twelve) months.

The Scheme does not intend to make any investments in derivatives, ADR/GDRs/foreign Securities and mutual fund units. However, the Scheme may make investments in derivatives, ADR/GDRs/foreign Securities as and when permitted by the ELSS and till a clarification is received from SEBI. The scheme shall not invest in foreign securitized debt.
Minimum Investment Application Amount

Rs 500 per application and in multiples of Re 500 thereafter

Minimum additional application amount

Rs 500 per application and in multiples of Re 500 thereafter

Minimum Amount / No. of Units for Redemption

Rs 500 or 50 Units
Entry Load
NIL *
 
* In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.
Exit Load
For Each Redemption Entry Load (% of Applicable NAV)
No Entry Load/ Exit Loads will be chargeable in case of switches made between different Options of the scheme. NIL

To know the latest position on Entry / Exit Load structure prior to investing / Redemption investors are advised to contact any of the ISCs or the AMC at its toll-free number 1800-22-5763

The investor is requested to check the prevailing load structure of the Scheme before investing.
Registrar Deutsche Investor Services Private Limited

Risk Factors

Risk Factors: Mutual funds and Securities investments are subject to market risks and there is no assurance or guarantee against loss in the Scheme or that the Scheme's objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on various factors and forces affecting capital markets. Past performance of the Sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme. Investors in the Scheme are not being offered a guaranteed or assured rate of return. JPMorgan India Tax Advantage Fund is the name of the Scheme, and this does not in any manner indicate the quality of the Scheme or its future prospects and returns.

For scheme specific risk factors, please refer to the Offer Document. Terms of Issue and Mode of Sale and Terms of issue: Issue of Units of Rs. 10 per Unit plus Applicable Load (if any) during the New Fund Offering (NFO) period and at Net Asset Value (NAV) subject to applicable Entry and Exit Loads thereafter. Investor benefit and General services: NAVs will be calculated on all business days and published in at least two daily newspapers. Purchase on all business days. Redemptions on an interval basis. Statutory details: Sponsor: JPMorgan Asset Management (Asia) Inc. Trustee: JPMorgan Mutual Fund India Private Limited, a company incorporated under the Companies Act, 1956. Asset Management Company: JPMorgan Asset Management India Private Limited, a company incorporated under the Companies Act, 1956. JPMorgan Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, by JPMorgan Asset Management (Asia) Inc., liability restricted to initial contribution of Rs.1 lakh. Please refer to the Offer Document before investing. Offer Documents, Key Information Memorandum and application forms are available at Investor Service Centres and distributors.
 
JPMorgan   /   JPMorganChase   /   Chase   /   AMFI   /   SEBI   /   Contact Us
Terms & Conditions of Use  |  Risk Factors |  Privacy and Security
Copyright © 2007 JPMorgan Chase & Co. All rights reserved.