Principal Mutual Fund has rolled out the Principal Pnb Fixed Maturity Plan-Series 3, a close-ended income scheme, MoneyGuru India reports. The offering will be benchmarked against the CRISIL Short Term Bond Fund Index.

Shobit Gupta will serve as the fund manager. The scheme, which has a maturity of 367 days, will invest up to 100% of assets in debt securities and money market instruments with low to medium risk profile.

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