JP Morgan is one of the very new entrants. It launched two equity funds last year and an arbitrage fund in 2008. Equity corners almost half of this AMC's assets.
JP Morgan India Equity fund garnered Rs 824.77 crore when it was launched in May 2007. By October that year, its assets were Rs 1,150 crore. They have now dipped to Rs 874.35 crore. In the recent market slump, the fund has fallen in line with the category average.
JP Morgan India Smaller Companies has been worse hit. This fund started off with Rs 509.45 crore in November 2007 and is now at Rs 315.48 crore.