JP Morgan Mutual Fund has announced that with effect from April 19, 2011, JP Morgan India Alpha Fund, an interval scheme, shall be merged with JP Morgan India Treasury Fund, an open ended income scheme.
Accordingly, there will be a fresh issue of units of JP Morgan India Treasury Fund in lieu of units held on April 18, 2011 in JP Morgan India Alpha Fund. Such transaction shall be treated as redemption of units in JP Morgan India Alpha Fund and may entail a capital gain or loss in the hands of JP Morgan India Alpha Fund investors.
Investors will be issued units in JP Morgan India Treasury Fund- Super Institutional Plan-Growth Option or Retail Plan- Growth Option subject to the minimum application amount of the respective plans. The units allotted in JP Morgan India Treasury Fund shall be treated as a fresh subscription in JP Morgan India Treasury Fund.
Investors who want to exit, can switch to other schemes of JP Morgan Mutual Fund or redeem their investments between March 18, 2011 and April 18, 2011, without paying any exit load. No purchase/switch in applications will be accepted under JP Morgan India Alpha Fund, with effect from March 18, 2011.
Source: www.valueresearchonline.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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