Mirae Asset Fixed Maturity Plan - Series V - Plan 3 - Regular Plan: Overview, Performance, Portfolio | Mutual Fund | Value Researchhttps://www.valueresearchonline.com/funds/43433/mirae-asset-fixed-maturity-plan-series-v-plan-3-regular-plan/Get the latest information and complete track record of 'Mirae Asset Fixed Maturity Plan - Series V - Plan 3 - Regular Plan' schemes, returns, latest NAV and ratings from independent mutual fund research house.
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Mirae Asset Fixed Maturity Plan - Series V - Plan 3 - Regular Plan
Suitability
"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."
The Scheme seeks to provide income to the investors through investments in a portfolio comprising of Debt and Money Market Instruments maturing on or before the maturity of the Scheme.
Fund Manager
Name
Amit Modani since 22-Mar-2023
Education
Mr. Modani is Chartered Accountant
Experience
Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Contact Information
AMC
Mirae Asset Investment Managers (India) Pvt. Ltd.
Website
http://www.miraeassetmf.co.in
Phone
022-67800301 / 1800-2090-777
Address
Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098
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