M Financial Mutual Fund filed an offer document to launch JM Fixed Maturity Fund - Series XII. It is a close -ended income scheme. JM Fixed Maturity Fund - Series XII is suitable for investors with a time horizon ranging from a month to 3 months. The scheme will provide six plans viz. 3 monthly plans and 3 quarterly plans. The investment objective of the scheme is to generate regular returns through investment in fixed income securities normally maturing in line with the time profile of the respective plan. The scheme offers two plans to the investor i.e. regular and institutional plans. Each sub-plan will have a growth and dividend option. Under dividend option, investors have choice of dividend payout or dividend reinvestment.
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