The fund opens for subscription today and closes on June 25, a press release issued here stated.
The fund performance will be benchmarked against the Crisil Composite Bond Fund Index.
The company's CIO-Fixed Income, Nandkumar Surti, said that "JPMorgan India Active Bond Fund provides an attractive investment opportunity for investors to lock into long-term rates. A moderating economy and a favourable demand-supply scenario make case for investment in a dynamically-managed bond fund."
"India's supply of long Government bond has been steady for the last three years, while banks/insurance companies/pension fund demand continue to grow at a rapid pace raising good demand for long bonds," Surti added.
Globally, JPMorgan Asset Management has $1,187-billion worth of assets under management (March 31, 2008) which is highly-diversified by asset class and client group.
Of this corpus, roughly 56 per cent ($670-billion) is deployed in fixed income funds making JPMorgan Asset Management one of the world's leading fixed income managers, the release said.
