MUMBAI: Taurus Mutual Fund on Wednesday launched a 370-days fixed maturity plan that focuses on investment in debt and money market instruments.

The close-ended scheme is ideal for investors who wish to generate income while minimising risk over the medium term, the company said in a press release issued here today.

The scheme is available in both dividend and growth options.

Taurus Asset Management has Rs 218-crore of average assets under management as on January 28, 2009 and investor base of approximately 1.65 lakh, the release said.