JM Financial MF Launches New Fixed Maturity Fund

JM Financial MF has rolled out a scheme called JM Fixed Maturity Fund-Series VI- Quarterly Plan 1 and it is a close end income scheme. The investment objective of the scheme is to generate returns through investments in fixed income securities normally maturing in line with the time profile of the respective plans. The fund will invest 65%-100% in short term debt securities including fixed income derivatives and securitised debt and money market instruments. The scheme will invest 0%-100% in government securities with low risk profile. The investment in securitised debt will not exceed 80% of the net asset of the plan.