JPMorgan AMC launches ‘Smaller Companies Fund’

PFW Bureau / Nov 14

JPMorgan Asset Management launched its second equity fund - the JPMorgan India Smaller Companies Fund. The open-ended, equity growth scheme, aims to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity-related securities focused on smaller companies.

Opened for subscription from November 9, 2007 to November 30, 2007, units in the fund will be issued at Rs 10 during the new fund offer (NFO).

Harshad Patwardhan, Investment Manager – Equity, JPMAM said, "During the course of our PRG research process, in every country we come across smaller companies that are excellent examples of entrepreneurship and, indeed, could over time perform far better than even the companies in our flagship funds, but, in our view, form a different asset class.

Differing liquidity and life-cycle characteristics prevent us from taking them as dominant positions in our flagship funds, and therefore we capture them in a smaller companies fund.