JP Morgan Mutual Fund plans to launch JPMorgan JF Greater China Equity Off-shore Fund, an open-ended Fund of Funds scheme. The fund house has filed offer document with Securities and Exchange Board of India (SEBI) in this regard.
The fund house will invest up to 80%-100% of the raised funds in units/shares of the scheme. Similarly, it will invest up to 20% in money market instruments and/or units of liquid schemes.The fund primarily invests in a diversified portfolio of companies incorporated or which have their registered office located in, or derive the predominant part of their economic activity from, a country in the Greater China region.
The scheme offers only growth option. The minimum subscription amount under this option is fixed at Rs 10,000 and in multiples of Re 1 thereafter.