Question 1 of 8
____ are close-ended debt funds.
A
Fixed Maturity Plans (FMPs)
B
Overnight Funds
C
Dynamic Bond Funds
D
Arbitrage Funds
Correct Option:
A
Explanation
Fixed Maturity Plans (FMPs) are close-ended debt mutual fund schemes that invest in fixed-income securities with maturities aligned to the scheme's tenure. They are designed to be held until maturity and are generally not available for continuous purchase and redemption.
