JP Morgan declares dividend under JP Morgan Alpha Fund

Bangalore: JP Morgan has planned to declare dividend under dividend option of JPMorgan India Alpha Fund on January 4, 2010. The quantum of dividend decided for distribution under the scheme is one percent that is Rs. 0.1 per unit and the face value per unit is Rs.10.

JP Morgan India Alpha Fund is an open ended interval scheme, with the investment objective to achieve a total return in excess of the return on short-term instruments through various strategies of buying and selling equity and equity-linked securities including derivatives, and money market and debt securities. The strategies would be designed to minimize market exposure for investors with a medium to long term horizon.