JP Morgan Asset Management India has unveiled a new open-ended equity growth scheme, which is an open-ended equity growth scheme to invest in select blue chip and large cap equity stocks across sectors.
Kown as JP Morgan India Top 100 Fund, the will new scheme will be open for subscription from 2 June, and will close on 16 June 2014.
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The fund seeks to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the top 100 companies in India.
The scheme will follow a bottom-up style approach of investing and will target on balancing returns with low degree of volatility.
The fund is suitable for investors who are seeking long term growth.
Harshad Patwardhan, head of equities of JP Morgan MF India, said: "We believe there is a set of investors who are looking for capital appreciation but with less volatility. Our Top 100 fund, which is a large cap oriented fund, is meant for these investors."
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