Multiple choice

What is the full form of “FMP”?

  1. Fixed Maturity Plan

  2. Fixed Maturity Policy

  3. Fringe Money Plan

  4. Fringe Money Policy

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A Correct answer
Explanation

FMP stands for Fixed Maturity Plan, which is a type of closed-ended debt mutual fund scheme. It invests in debt instruments with a maturity period matching the tenure of the scheme.