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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.

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:

SBI Debt Fund Series 13 Months 5
Tenure: 13 Months
Offer open: August 16, 2007
Offer closes: August 22, 2007
Plan: Retail and Institutional
Schemes: Growth and Dividend
Minimum investment: Rs 50000 (retail) and 5 Lakhs (institutional)
Entry load: Nil
Exit load: 2% if redeemed before maturity date

Lotus India Fixed Maturity Plan - 375 Days - Series III
Tenure: 375 days
Offer open: August 14, 2007
Offer closes: August 23, 2007
Plan: Retail and Institutional
Schemes: Growth and Dividend Reinvestment
Minimum investment: Rs 5000 (retail) and 5 Cr (institutional)
Cost per unit: Rs 10
Entry load: Nil
Exit load: 2% if redeemed before the maturity date



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