Axis Fixed Term Plan Series 113 (1228 Days) - Direct Plan - Regular plan: Overview, Performance, Portfolio | Mutual Fund | Value Researchhttps://www.valueresearchonline.com/funds/43324/axis-fixed-term-plan-series-113-1228-days-direct-plan/Get the latest information and complete track record of 'Axis Fixed Term Plan Series 113 (1228 Days) - Direct Plan' schemes, returns, latest NAV and ratings from independent mutual fund research house.
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Axis Fixed Term Plan Series 113 (1228 Days) - Direct Plan
"Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."