JPMorgan Mutual Fund
JPMorgan Mutual Fund
As the search results confirm, JPMorgan Mutual Fund no longer operates independently in India. Its mutual fund business was acquired by Edelweiss Asset Management Limited (now known as Nuvama Asset Management Limited, post-rebranding of Edelweiss Wealth Management businesses).
The acquisition was announced in March 2016 and received all necessary regulatory approvals, with SEBI cancelling JPMorgan Mutual Fund's registration in June 2018 following the scheme transfers.
Therefore, providing an introduction, list of fund managers, and current funds for "JPMorgan Mutual Fund" would be inaccurate, as it effectively ceased to exist as an independent entity managing a diversified portfolio for new investors.
Introduction, Fund Managers, and Scope of JPMorgan Mutual Fund (Historical Context)
Introduction
JPMorgan Mutual Fund was formerly the Indian asset management arm of JPMorgan Chase & Co., a leading global financial services firm. JPMorgan Asset Management (India) Private Limited commenced its operations in India with the launch of its first mutual fund scheme in 2007. It aimed to bring global investment expertise and disciplined processes to Indian investors.
However, as part of a strategic decision to exit the onshore mutual fund business in certain markets, JPMorgan Asset Management (India) Private Limited executed an agreement in March 2016 to sell its onshore fund schemes and portfolio management accounts to Edelweiss Asset Management Limited. The transaction was completed after receiving all regulatory approvals, and SEBI formally cancelled JPMorgan Mutual Fund's registration in June 2018.
Fund Managers
Before its acquisition, JPMorgan Mutual Fund had its own team of fund managers overseeing its various schemes. However, with the merger, these fund managers and their expertise were integrated into the acquiring entity, Edelweiss Asset Management Limited (now Nuvama Asset Management Limited). Therefore, there are no fund managers currently working under the "JPMorgan Mutual Fund" brand in India today. The schemes are now managed by the fund management team of Nuvama Asset Management Limited.
Scope and Investment Philosophy
During its operational period, JPMorgan Mutual Fund offered a range of equity, debt, and hybrid schemes. Their investment philosophy typically reflected their global approach, emphasizing:
- Disciplined Investment Process: Relying on rigorous fundamental research, quantitative analysis, and a structured decision-making process.
- Risk Management: Strong emphasis on comprehensive risk management frameworks to safeguard investor capital.
- Global Insights: Leveraging JPMorgan's global research capabilities and market insights to inform investment decisions in India.
- Diverse Offerings: Providing a basket of products to cater to different investor needs, from highly liquid funds to equity growth funds.
However, this scope and investment philosophy are now integrated into and overseen by Nuvama Asset Management Limited, which continues to offer a wide range of products with its own defined investment philosophy.
List of Funds (Historical Context - now part of Nuvama Asset Management Limited)
Since JPMorgan Mutual Fund was acquired by Edelweiss Asset Management Limited (now Nuvama Asset Management Limited), all its schemes were either merged into existing Edelweiss/Nuvama MF schemes or renamed. Therefore, there are no active funds being offered under the "JPMorgan Mutual Fund" brand name today.
For historical reference, some of the schemes that were part of JPMorgan Mutual Fund and their post-merger status (as part of Edelweiss/Nuvama Asset Management Limited) include:
- JPMorgan India Liquid Fund was merged into Edelweiss Liquid Fund.
- JPMorgan India Short Term Income Fund was merged into Edelweiss Short Term Income Fund.
- JPMorgan India Income Opportunities Fund was merged into Edelweiss Income Opportunities Fund.
- JPMorgan India Equity Fund was renamed Edelweiss Multi-Cap Fund (subsequently reclassified and renamed over time).
- JPMorgan India Mid Cap Fund was merged into Edelweiss Mid Cap Fund.
- JPMorgan India Smaller Companies Fund was merged into Edelweiss Small Cap Fund.
- JPMorgan India Tax Advantage Fund (ELSS) was merged into Edelweiss ELSS Tax Saver Fund.
- JPMorgan India Balanced Fund was merged into Edelweiss Balanced Advantage Fund.
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