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FMP Update


Fixed Maturity Plans are good options for investors wanting to block their money for a fixed time frame. Though the returns are not assured, investors can expect a return in tune with the current interest rate scenario.

These close-ended schemes seek to generate regular returns and capital appreciation by investing in debt, government and money market securities normally maturing in line with the duration of the scheme.

Here are the FMPs available in the market:

Can Fixed Maturity Plan Series 1M SR1
Tenure: 1 Month
Offer open: June 11 to June 28, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5000
Benchmark Index: Crisil Composite Bond Fund Index
Fund Manager: Sri.A.K.Rao

LIC Fixed Maturity Plan Series-26
Tenure: 3 Months
Offer open: June 14 to June 20, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 10000
Benchmark Index: Crisil Liquid Fund Index
Fund Manager: Mr. Ashish Kumar

ING Vysya Fixed Maturity Fund Series-XXV
Tenure: 91 Days
Offer open: June 18 to June 20, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5000
Benchmark Index: Crisil Liquid Fund Index
Fund Manager: Mr. Prashant Singh

JM Fixed Maturity Fund-Series V-Quarterly Plan 5
Tenure: 91 Days
Offer open: June 19 to June 20, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend
Minimum investment: Rs 5000 (retail) and Rs.500000 (institutional)