
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 30
Tenure: 3 Months
Offer open: September 17, 2007
Offer closes: September 24, 2007
Schemes: Growth, Dividend Payout and Reinvestment
Minimum investment: Rs 10000
Cost per unit: Rs 10
Exit load: 0.50% would be charged if the investment is redeemed before maturity
LICMF Fixed Maturity Plan Series 32
Tenure: 13 Months
Offer open: September 20, 2007
Offer closes: September 27, 2007
Schemes: Growth, Dividend Payout and Reinvestment
Minimum investment: Rs 10000
Cost per unit: Rs 10
DSPML Fixed Term Plan - Series 3H
Tenure: 12 Months
Offer open: September 14, 2007
Offer closes: October 10, 2007
Schemes: Growth and Dividend Reinvestment
Plan: Regular and Institutional
Minimum investment: Rs 25000 (Regular Plan) and Rs 1 crore (Institutional Plan)
Cost per unit: Rs 1000
DSPML Fixed Term Plan - Series 3G
Tenure: 12 Months
Offer open: September 14, 2007
Offer closes: September 25, 2007
Schemes: Growth and Dividend Reinvestment
Plan: Regular and Institutional
Minimum investment: Rs 25000 (Regular Plan) and Rs 1 crore (Institutional Plan)
Cost per unit: Rs 1000