
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:
ICICI Prudential Fixed Maturity Plan Series 38 - 1 Year Plan C
Tenure: 370 Days
Offer open: October 10, 2007
Offer closes: November 15, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5000 (for the retail plan) and Rs 2 crores (for the institutional plan)
Cost per unit: Rs 10
ICICI Prudential Fixed Maturity Plan Series 38 - 1 Year Plan D
Tenure: 370 Days
Offer open: October 12, 2007
Offer closes: November 21, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5000 (for the retail plan) and Rs 2 crores (for the institutional plan)
Cost per unit: Rs 10
ICICI Prudential Fixed Maturity Plan Series 39 - Eighteen Months Plan B
Tenure: 550 Days
Offer open: October 26, 2007
Offer closes: November 6, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5000 (for the retail plan) and Rs 1 crores (for the institutional plan)
Cost per unit: Rs 10