PDF Downloads - JP Morgan Asset Management

For further details on taxation please refer to the clause on Taxation in the SAI.The above is intended as a general guide only and does not necessarily describe the taxconsequences for all types of investors in the Fund and no reliance, therefore, should be placedupon them. Each investor is advised to consult his or her own tax consultant with respect to thespecific tax implications.Investor servicesAny complaints should be addressed to Mr. Anutosh Bose, who has been appointed as theinvestor relations officer. He can be contacted at:Address: J.P. Morgan Tower, Off. C.S.T. Road, Kalina,Santacruz - East, Mumbai – 400 098.Telephone:91-22 – 6157 3000Fax: 91-22 – 6157 4170E-mail:India.investors@jpmorgan.comD. COMPUTATION OF NAVCalculation of NAVThe NAV under the Scheme shall be calculated by the method shown below:NAV (Rs.) =Market or fair value of the scheme's investments + receivables + accrued income + other assets -(accrued expenses + payables + other liabilities and provisions)No. of Units outstanding under the SchemeComputation of NAV, will be done after taking into account dividendspaid, if any, and the distribution tax thereon, if applicable. Therefore,once dividends are distributed under the Dividend Option, the NAV ofthe Units under the Dividend Option would always remain lower thanthe NAV of the units issued under the Growth Option. The incomeearned and the profits realized in respect of the Units issued under theGrowth Option remain invested and are reflected in the NAV of theUnits.The valuation of the Scheme's assets and calculation of the Scheme'sNAV shall be subject to audit on an annual basis and such regulationsas may be prescribed by SEBI from time to time.The NAV shall be calculated and announced on all Business Days.The AMC will calculate the NAV of the Scheme on every Business Dayand disclose the NAV of the scheme on the same Business Day.IV.FEES AND EXPENSESThis section outlines the expenses that will be charged to the Schemes.A. NEW FUND OFFER (NFO) EXPENSESThese expenses are incurred for the purpose of various activitiesrelated to the NFO like sales and distribution fees paid marketing andadvertising, registrar expenses, printing and stationery, bank chargesetc.No NFO expenses have been charged to the Scheme and instead suchNFO expenses shall be borne by the AMC, subject to SEBI Regulations.B. ANNUAL SCHEME RECURRING EXPENSESThese are the fees and expenses for operating the Scheme. Theseexpenses include investment management and advisory fee chargedby the AMC, the Registrar and Transfer Agents' fee, marketing andselling costs etc. as given in the table below:The AMC has estimated that upto 2.25% of the daily average net assetsof the Scheme will be charged to the Scheme as expenses. For theactual current expenses being charged, the investor should refer to thewebsite of the Mutual Fund (www.jpmorganmf.com).43