JP Morgan Mutual Fund introduces JF ASEAN Equity Off-shore Fund

JP Morgan Mutual Fund new issue closes on 13th June

JPMorgan Mutual Fund has launched JPMorgan JF ASEAN Equity Off-shore Fund, an open-ended funds of funds-overseas.

The investment objective of the scheme is to provide long term capital growth by investing predominantly in JPMorgan Funds-JF ASEAN Equity Fund, an equity fund which invests primarily in companies of countries which are members of the Association of South East Asian Nations (ASEAN).

The new issue closes on 13th June. The minimum investment amount is Rs5,000.

Morgan Stanley Capital International (MSCI) South East Asia Index (Total Return Net) is the benchmark index. Namdev Chougule is the fund manager of the Scheme.

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IDBI Mutual Fund unveils FMP–90 Days Series I (June 2011)–C

IDBI Mutual Fund new issue closes on 13th June

IDBI Mutual Fund has launched IDBI FMP-90 Days Series I (June 2011)-C, a close-ended income scheme.

The investment objective for each plan(s) under the scheme will be to generate regular income through investments in debt and money market instruments.

The new issue closes on 13th June. The minimum investment amount is Rs5,000.

CRISIL Liquid Fund Index is the benchmark index. Gautam Kaul is the fund manager.

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HDFC Mutual Fund launches FMP 370D June 2011 (2)

HDFC Mutual Fund new issue closes on 14th June

HDFC Mutual Fund has launched HDFC FMP 370D June 2011 (2), a close-ended income scheme.

The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s).

The new issue closes on 14th June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Miten Lathia is the fund manager.

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