JM Financial MF has rolled out JM Fixed Maturity Fund - Series XI - Yearly Plan and the scheme is a close-ended income fund. The scheme will launch two 13 months plan with 395 days maturity and a yearly plan with 375 days maturity.
The investment objective of the scheme is to seek to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plans. Under both plans, the fund will invest 65-100% in short term debt securities including fixed income derivatives, securitized debt and money market instruments. Also, it will have investment up to 35% in government securities. Allocation in securitised debt securities will not, normally exceed 80% of the net assets of the respective plans. Securitised debt will not include foreign securitised debt.
The investment objective of the scheme is to seek to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plans. Under both plans, the fund will invest 65-100% in short term debt securities including fixed income derivatives, securitized debt and money market instruments. Also, it will have investment up to 35% in government securities. Allocation in securitised debt securities will not, normally exceed 80% of the net assets of the respective plans. Securitised debt will not include foreign securitised debt.
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