The investment objective of the scheme is to generate income through investments in Debt / money market instruments and Government of India Securities maturing on or before the maturity date of the scheme.
The scheme offers two options viz. growth and dividend (payout) option.
Allocation of Funds:
The scheme would allocate upto 30% of assets in money market instruments with low risk profile. 70% to 100% of assets in debt securities and Government of India (GoI) securities with low to medium risk profile.
The net assets of the scheme will be invested in debt securities, money market instruments and GoI Securities maturing on or before the maturity date of the scheme.
70% to 75% of net assets would be invested in AAA rated non-convertible debentures, 25% to 30% in AA rated non-convertible debentures.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
NFO Opens: August 29, 2012
NFO Closes: September 12, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiple of Rs 1 thereafter.
Benchmark: Crisil Short Term Bond Fund Index.
Managers: Namdev Chougule and Ravi Ratanpal
For more information visit www.jpmorganmf.com