JP Morgan Mutual Fund has begins initial offer period of JPMorgan India Tax Advantage Fund from 18 December 2008 till 16 January 2009. The Fund is an open-ended tax advantage fund.
The objective of the scheme is to generate income and long-term capital growth from a diversified portfolio of mainly equity and equity-related securities. Redemption of units can be made only after a period of three years (lock-in period) from the date of allotment of Units proposed to be redeemed as prescribed in the ELSS.
The objective of the scheme is to generate income and long-term capital growth from a diversified portfolio of mainly equity and equity-related securities. Redemption of units can be made only after a period of three years (lock-in period) from the date of allotment of Units proposed to be redeemed as prescribed in the ELSS.
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