
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 XXXII
Tenure: 368 Days
Offer open: August 30, 2007
Offer closes: September 10, 2007
Plan: Retail and Institutional
Schemes: Growth Dividend and Bonus
Minimum investment: Rs 5000
Cost Per Unit: Rs 10
DBS Chola Fixed Maturity Plan - Series 8 (Quarter Plan - II)
Tenure: 91 Days
Offer open: August 28, 2007
Offer closes: August 31, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5000
Cost Per Unit: Rs 10