JP Morgan Asset Management India today launched JP Morgan India Top 100 Fund, an open-ended equity growth scheme that seeks capital appreciation by investing in select blue chip and large-cap equity stocks across sectors.
The new scheme aims to predominantly adopt a bottom-up style of investing and will focus on balancing returns with a low degree of volatility.
The new fund offer, which will open for subscription from June 2, will close on June 16, 2014.
"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," said Harshad Patwardhan, Head of Equities of JP Morgan MF India.
Managing Director and Chief Executive Officer of JP Morgan MF India, Nandkumar Surti, said that with the new government in place, the markets look promising.