JPMorgan Mutual Fund is launching an open-ended hybrid fund offering two schemes, India Infoline reports. One is an open-ended income scheme and the other an open-ended equity growth scheme. The fund will seek to generate capital appreciation by investing in a diversified portfolio of equity, debt and money market instruments and gold exchange-traded funds. The scheme’s equity portion will be managed by Harshad Patwardhan and Amit Gadgil, while Nandkumar Surti and Namdev Chougule will manage the debt portion. The gold portion will be run by Surti and Patwardhan.
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