Fund News

FMP Update

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.

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:

JM FMP Series VI - Quarterly Plan 5
Tenure: 91 Days
Offer Open: November 23, 2007
Offer Closes: November 26, 2007
Plan: Regular and Institutional
Schemes: Growth and Dividend
Minimum Investment: Rs. 5000 (for regular plan) and Rs. 5 lakhs (for institutional plan)
Cost Per Unit: Rs.10

HDFC FMP 90 Days November 2007 (2)
Tenure: 90 Days
Offer Open: November 22, 2007
Offer Closes: November 26, 2007
Plan: Retail and Wholesale
Schemes: Growth and Dividend Payout
Minimum Investment: Rs. 5000 (for retail plan) and Rs. 1 crore (for wholesale plan)
Cost Per Unit: Rs.10

Principal Pnb FMP 385 Days - Series VI
Tenure: 385 Days
Offer Open: November 16, 2007
Offer Closes: November 22, 2007
Plan: Regular and Institutional
Schemes: Growth and Dividend Payout
Minimum Investment: Rs. 1000 (for regular plan) and Rs. 50 lakhs (for institutional plan)
Cost Per Unit: Rs.10

Reliance FHF IV - Series 6
Tenure: 502 Days
Offer Open: November 21, 2007
Offer Closes: November 23, 2007
Plan: Retail and Institutional
Schemes: Growth and Dividend
Minimum Investment: Rs. 5000 (for retail plan) and Rs. 1 crore (for institutional plan)
Cost Per Unit: Rs.10

DSPML FMP - 3 Months - Series 1
Tenure: 3 Months
Offer Open: November 22, 2007
Offer Closes: November 27, 2007
Plan: Regular and Institutional
Schemes: Growth and Dividend Reinvestment
Minimum Investment: Rs. 25000 (for regular plan) and Rs. 1 crore (for institutional plan)
Cost Per Unit: Rs.10



Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.


Other Categories

Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.

Take charge. Know more. Keep more. Mutual Fund Insight helps you do all three — every month