In a first in the Rs.13 trillion Indian mutual funds (MF) industry, JP Morgan Asset Management (India) Pvt. Ltd aims to carve out the troubled portions of two of its schemes—JP Morgan India Short Term Income Fund (JSTI) and JP Morgan India Treasury Fund (JTF)—into separate units. One set of units will contain the investments made in Amtek Auto Ltd while the other set of units will contain all other investments and cash holdings.
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