JM Financial MF Launches 367 Day FMP

JM Financial Mutual Fund has unveiled a new 367 day fixed maturity plan.

JM Financial Mutual Fund has unveiled a new 367 day fixed maturity plan (FMP), MoneyGuru India reports. The JM Fixed Maturity Fund - Series XX - Plan A will be managed by Shalini Tibrewala. The scheme will track the performance of the Crisil Short Term Bond Index. The fund will invest about 100% of its assets in government securities, debt and money market securities with medium risk profile.

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