Sahara MF Comes Out With New FMP

Sahara MF has unveiled a fund called Sahara Fixed Maturity Plans- 3 Months-Series 2 and it is a close ended income scheme. The investment objective of the Scheme is to generate income by investing into debt and money market securities, normally maturing in line with the time profile of the scheme. The fund will invest 0%-100% in money market instruments including reverse repo. The investment in government securities issued by the central government and/or state government(s) will be 0%-100%. The fund can also invest 0%-100% in corporate bonds and other debt instruments. The investment in securitised debt will be up to 50%.