JM Financial MF Launches New Fixed Maturity Fund

JM Financial Mutual Fund launches JM Fixed Maturity Fund-Series VII- 13 Months Plan.NFO period will be open from 6 September to 14 September 2007. 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.