JM Financial Mutual Fund has rolled out two closed-end income funds offering fixed maturity plans, India Infoline reports. The JM Fixed Maturity Fund - Series XX - Plan C and the JM Fixed Maturity Fund - Series XX - Plan D aim to generate regular returns through investments in fixed-income securities maturing on or before the date of the maturity of the plans.
They will allocate up to 100 percent of assets in government securities, debt and money market securities with medium-risk profile. The units of the schemes, which may offer growth and dividend payout options, are expected to be listed on the National Stock Exchange.
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