Fidelity Mutual Fund new issue closes on 28th March
Fidelity Mutual Fund has launched Fidelity Fixed Maturity Plan Series V-Plan F, a close-ended income scheme.
The investment objective of the scheme is to seek to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short to mid term debt instruments having maturity, on or before the date of maturity of a plan. The tenure of Plan F shall be 366 days.
The new issue closes on 28th March. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Shriram Ramanathan and Mahesh Chhabria (assistant fund manager) are the fund managers.
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