
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:
DWS Fixed Term Fund - Series 41
Tenure: 17 Months
Offer Open: November 5, 2007
Offer Closes: November 12, 2007
Plan: Regular and Institutional
Schemes: Growth and Dividend Payout
Minimum Investment: Rs. 5000 (for regular plan) and Rs. 1 crore (for the institutional plan)
Cost Per Unit: Rs. 10
Kotak Fixed Maturity Plan 12M Series 4
Tenure: 12 Months
Offer Open: November 2, 2007
Offer Closes: November 6, 2007
Plan: Retail and Institutional
Schemes: Growth, Dividend Reinvestment and Payout
Minimum Investment: Rs. 5000 (for retail plan) and Rs. 5 crore (for the institutional plan)
Cost Per Unit: Rs. 10