Edelweiss Mutual Fund is rolling out its first fixed maturity plan (FMP), the Edelweiss Fixed Maturity Plan- 91 days- Series 1, India Infoline reports. Investors in the scheme will have the choice of growth and dividend options.
The scheme will invest in debt and money market instruments maturing on or before the maturity date of the scheme. Income may also be generated via paying back of discount on debt instruments, or the acquisitions and sale of securities in the underlying portfolio.
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