| Scheme Name |
JPMorgan India Short Term Income Fund (An Open ended Income Scheme) |
| Launch Date |
18/03/2010 |
| Fund Manager |
Mr. Nandkumar Surti and Mr. Namdev Chougule |
| Investment Objective |
The investment objective is to generate income by investing primarily in money market and short term debt instruments.
However, there can be no assurance that income can be generated, regular or otherwise or that the investment objective of the Scheme will be realised. |
| Options |
The Scheme offers a growth option and a dividend option. The Dividend option offers weekly, fortnightly and monthly dividend reinvestment options and monthly dividend payout. |
| Asset Allocation Pattern |
Instrument |
Indicative allocation (% of net assets) |
Risk profile |
Money market and *Debt instruments including government securities with maturity / average maturity / residual maturity / interest rate reset not greater than 1 year. |
65 - 100% |
Low |
*Debt instruments with maturity / average maturity / residual maturity / interest rate reset greater than 1 year. |
0 - 35% |
Low to medium |
*Debt Instruments include securitised debt. Securitised debt can be up to 50% of the net assets. Investment in Derivatives - Gross exposure up to 50% of the net asset of the Scheme.
Floating rate debt instruments are debt instruments issued by Central / State Governments, corporates, PSUs, etc. with interest rates that are reset periodically. The periodicity of interest reset could be daily, monthly, quarterly, half yearly, and annually or any other periodicity that may be mutually agreed between the issuer and the Fund. The Scheme shall not invest in foreign securitised debt.
Money market instruments include commercial papers, commercial bills, treasury bills, Collateralised Borrowing and Lending Obligations (CBLO), Government Securities having an unexpired maturity up to one year, call or notice money, certificates of deposit, usance bills and any other like instruments as specified by the RBI from time to time.
The Scheme can invest up to 50% of net assets in foreign securities. The Scheme shall not engage in stock lending. The scheme will not take any leverage position in derivatives. The total investment in debt securities and gross exposure in derivatives, if any, shall not exceed the net assets of the scheme. However, the Scheme can borrow in accordance with
SEBI Guidelines.
The Scheme retains the flexibility to invest across all securities in the debt and money market instruments. The Scheme may also invest in units of debt and liquid Mutual Fund schemes.
The endeavour of the scheme will be to maintain the modified duration in a range of 1-3 years depending upon interest rate view.
However, this can undergo a change in case the market condition warrant and according to fund manager's view. |
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| Minimum Investment Application Amount |
Rs. 5,000/- per application and in multiples of Re. 1/- thereafter. |
| Minimum additional application amount |
Rs. 1,000/- per application and in multiples of Re. 1/- thereafter. |
| Minimum Amount / No. of Units for Redemption |
Rs. 5,000/- or 500 Units. |
| Load Structure |
| Entry Load (Subject to SEBI regulation) |
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| Exit Load |
Within 15 days from the date of allotment in respect of Purchase made other than through SIP |
0.15% |
Within 15 days from the date of allotment in respect of each Purchase made through SIP |
0.15% |
A switch-out or a withdrawal under SWP shall also attract an Exit Load like any Redemption.
There will be no Load for Units created as a result of dividend reinvestment and bonus Units.
No Loads will be chargeable in case of switches made between different Scheme Options.
All Loads are intended to enable the AMC to recover expenses incurred for promotion or distribution and sale of the Units of the Scheme. All Loads will be retained in the Scheme in a separate account and will be utilised to meet the distribution and marketing expenses. Any surplus amounts in this account may be credited to the Scheme whenever considered appropriate by the AMC.
For the most up to date information on Entry / Exit Loads investors are advised to contact their ISC or the AMC at its toll-free number (1800-22-5763) prior to any application / redemption.
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| Registrar |
Deutsche Investor Services Private Limited |
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 Short Term Income Fund is only the name of the Scheme, and does not in any manner indicate the quality of the Scheme or its future prospects and returns. Mutual funds invest in securities which may not always be profitable and there can be no guarantee against loss resulting from investing in the Scheme. For scheme specific risk factors and other details please read the Scheme information Document (SID), Statement of Additional Information (SAI) and other scheme related document carefully before investing. Terms of Issue and Mode of Sale: Issue of Units of Rs. 10 per Unit for cash during the New Fund Offering (NFO) period and at Net Asset Value (NAV) subject to applicable Loads. Investor benefit and General services: NAVs will be calculated on all business days and published in at least two daily newspapers. Purchase/redemption on all business days.
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. SID, SAI, Key Information Memorandum and application forms are available at Investor Service Centres and distributors.
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