n NISM Certifications
X NISM Series X
Medium

Fixed Maturity Plans (FMPs) are classified as closed-ended debt funds with a fixed maturity date, where investments are made in securities matching the maturity period.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Arbitrage Fund

  2. B

    ELSS Fund

  3. C

    Hedge Fund

  4. Debt Fund

    Correct answer

Why this is the answer

FMPs are debt mutual funds with a fixed maturity, investing in fixed-income securities, making them a type of debt fund.

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