Since its inception on March 10, the scheme has recorded a month-end assets under management (AUM) of $1.33 million as of March 2026, with a month average AUM of $1.21 million.
The fund operates under the International Financial Services Centres Authority (IFSCA) (Fund Management) Regulations, 2025, and aims to generate long-term capital appreciation by investing in the underlying JPMorgan fund, which allocates capital across equity markets in the Greater China region, including China, Hong Kong, and Taiwan.
The underlying strategy follows a combination of bottom-up stock selection and top-down macroeconomic analysis, focusing on companies with strong growth potential in the region.
Fund structure and pricing
The scheme has a face value of $10 and requires a minimum investment of $5,000 per application, with additional investments in multiples of $500.
As of March 2026, the direct plan NAV stood at 9.6013, while the regular plan NAV was 9.5958.
The direct plan charges a management fee of 0.50% per annum, compared with 1.50% per annum for the regular plan. Operating expenses are capped at up to 0.30% annually. An exit load of 1% applies for redemptions made on or before 25 months from allotment.
Investment objective and benchmark
The scheme seeks long-term capital appreciation through exposure to the JPMorgan Funds – Greater China Fund. Returns are not assured.
The fund is benchmarked against the MSCI Golden Dragon Index.
Portfolio exposure (underlying fund)
The underlying portfolio showed significant allocation to large-cap technology, semiconductor, and financial stocks across the Greater China region.
Top holdings included:
- Taiwan Semiconductor Manufacturing Co., Ltd. (9.91%)
- Tencent Holdings Ltd (8.42%)
- Alibaba Group Holding Limited (6.80%)
- Delta Electronics
- Ping An Insurance Group
- China Merchants Bank
- PDD Holdings
Outlook
The fund provides investors access to Greater China equity markets through a fund of funds structure within GIFT City, targeting long-term capital growth, though the scheme document notes that investment objectives are not guaranteed.
First Published: Apr 15, 2026 10:54 AM IST
