JPMorgan MF unveils JPMorgan India Capital Protection Oriented Fund; Pramerica MF to float two schemes; Sundaram MF declares dividend under Sundaram Select Mid Cap Fund; Principal MF files offer document with SEBI to launch Principal Pnb Fixed Maturity Plan-91 Days-Series XXVIII

JPMorgan MF unveils JPMorgan India Capital Protection Oriented Fund

JPMorgan Mutual Fund has launched JPMorgan India Capital Protection Oriented Fund, a close-ended income scheme.

The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed-income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure. The scheme is oriented towards protection of capital.

The tenor of the scheme is 39 months. The scheme offers growth and dividend (payout) option. The exit load for the scheme is nil.

During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The NFO opens on 12th November and closes on 26th November.
The minimum investment amount is Rs5,000. The minimum target amount is Rs1 crore.

The benchmark indexes for the scheme are 15% BSE 200 + 85% CRISIL Short Term Bond Fund Index. The scheme shall be managed by Nandkumar Surti and Namdev Chougule.

Pramerica MF to float two schemes

Pramerica Mutual Fund has launched two schemes-Pramerica Equity Fund and Pramerica Dynamic Fund.

Pramerica Equity Fund seeks to achieve long term capital appreciation by investing in an actively managed diversified portfolio consisting of equity and equity-related securities including derivatives, debt and money market instruments.
Pramerica Dynamic Fund is a dynamic asset scheme, powered by Pramerica DART (Pramerica Dynamic Asset Rebalancing Tool), a proprietary tool developed by Pramerica Mutual Fund to measure the relative attractiveness of different asset classes and suggest an optimum asset allocation mix between debt and equity.

The schemes will open for subscription on 19th November and will close on 3rd December. The schemes will be opened for ongoing sales and repurchase from 13th December.

The schemes will be managed by Ravi Gopalakrishnan and Mahendra Jajoo.

Sundaram MF declares dividend under Sundaram Select Mid Cap Fund

Sundaram Mutual Fund has announced 12th November as the record date for the declaration of dividend on the face value of Rs10 per unit under the dividend option of Sundaram Select Mid Cap Fund.

On the record date under the scheme, Rs 2 per unit (20%) shall be declared as dividend.

Sundaram Select Mid Cap Fund is an open-ended equity scheme which seeks capital appreciation by investing in diversified stocks that are generally termed as mid caps.

Principal MF files offer document with SEBI to launch Principal Pnb Fixed Maturity Plan-91 Days-Series XXVIII

Principal Mutual Fund has filed an offer document with the Securities and Exchange Board of India (SEBI) to launch Principal Pnb Fixed Maturity Plan-91 Days-Series XXVIII. The scheme will be a close-ended debt scheme.

The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money-market instruments and government securities.

The scheme will invest in debt/money market and government securities maturing on or before the date of the maturity of the scheme.

The scheme will have growth and dividend options. The exit load for the scheme is nil. During the new fund offer (NFO), the units will be offered at face value of Rs10 per unit. The minimum application amount will be Rs5,000. The minimum target amount is Rs35 crore. The benchmark index for the scheme would be CRISIL Liquid Fund Index.