Mutual Funds NFO - Standard Chartered MF rolls out new FMP Series

Standard Chartered MF rolls out new FMP Series

Standard Chartered MF has rolled out a new fund called Standard Chartered Fixed Maturity Plans Yearly Series 21 and the scheme is close-ended income scheme. The scheme will have two plans -Plan A and Plan B. The duration of the scheme will be from the date of allotment to 20 April 2009. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally in line with the duration of the scheme. The fund will invest up to 100% in debt and money market instruments, with low to medium risk profile. The investment in securitised debt will be up to 50% of net asset of the scheme.

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