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:
ING Fixed Maturity Fund Series - XXX
Tenure: 92 Days
Offer open: August 20, 2007
Offer closes: August 27, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5, 000
Cost Per Unit: Rs 10
Birla Fixed Term Plan - Series AA
Tenure: 370 Days
Offer open: August 17, 2007
Offer closes: August 22, 2007
Plan: Retail and Institutional
Schemes: Growth, Dividend Reinvestment and Payout
Minimum investment: Rs 5000 (retail) and Rs 1 Lakhs (institutional)
Cost Per Unit: Rs 10
JM Fixed Maturity Fund - Series VI - Quarterly Plan 1
Tenure: 91 Days
Offer open: August 22, 2007
Offer closes: August 22, 2007
Plan: Regular and Institutional
Schemes: Growth and Dividend
Minimum investment: Rs 5000(regular) and Rs 5 Lakhs (institutional)
Cost Per Unit: Rs 10
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