JM Financial to unveil 2 Income Funds

JM Financial Asset Management would be launch two close-ended income funds in May 2007. JM Fixed Maturity Fund-Series IV-15 Months Plan 2 would open on 21 May and JM Fixed Maturity Fund-Series V-Quarterly Plan 2 can be bought from 7 May 2007.both the funds open for subscription till 27 May 2007, would invest at least 65% of assets in debt and money market instruments and the rest in government securities.