Escorts MF has rolled out a new fund called Escorts Fixed Maturity Plan. Escorts Fixed Maturity Plan is a close-ended fixed term income scheme comprising 13 months investment plans. The scheme will offer retail and institutional plans with growth and dividend options. The investment objective of the scheme is to generate regular income through investment in debt / money market instruments and government securities usually maturing in line with the time profile of the scheme. The fund will invest up to 60%-100% in debt and money market instruments. It will have 0-40% investments in government securities.
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