
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:
LICMF Fixed Maturity Plan Series - 27
Tenure: 3 Months
Offer open: July 18, 2007
Offer closes: July 23, 2007
Schemes: Growth, Dividend Reinvestment and Dividend Payout
Minimum investment: Rs 10, 000
Cost per unit: Rs 10
Entry load: Nil
Exit load: 0.50% if redeemed before maturity
LICMF Fixed Maturity Plan Series - 31
Tenure: 13 Months
Offer open: July 18, 2007
Offer closes: July 31, 2007
Schemes: Growth, Dividend Reinvestment and Dividend Payout
Minimum investment: Rs 10, 000
Cost per unit: Rs 10
Entry load: Nil
Exit load: 1.50% if redeemed on or before 180 days and 1% if redeemed after 180 days but before maturity.
ICICI Prudential FMP - Series 38 - One Year Plan B
Tenure: 370 days
Offer open: July 13, 2007
Offer closes: July 23, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend
Minimum investment: Rs 5000 (retail) and 2 Cr (institutional)
Cost per unit: Rs 10
Can FMP Series 1 M Series II
Tenure: 1 Month
Offer open: July 12, 2007
Offer closes: July 24, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5000
Cost per unit: Rs 10
Entry load: Nil
Exit load: 1% if redeemed before the maturity date
ICICI Prudential FMP - Series 38 - Two Year Plan
Tenure: 740 days
Offer open: July 19, 2007
Offer closes: July 31, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend
Minimum investment: Rs 5000
Cost per unit: Rs 10