n NISM Certifications
X NISM Series X
Medium

Fixed Maturity Plans (FMPs) are:

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Closed-ended debt funds with a fixed maturity date

    Correct answer

  2. B

    Closed-ended equity funds

  3. C

    Open-ended debt funds

  4. D

    Open-ended equity funds

Why this is the answer

FMPs are structured debt funds with a predetermined maturity, investing in securities matching that duration.

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