
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 43-Eighteen Months Plan A -Retail
Tenure: 18 Months
Offer Opens: March 6, 2008
Offer Closes: March 24, 2008
Minimum Investment: Rs 5000
Exit Load: 2% before maturity
JM Fixed Maturity Fund-Series X - (JM FMF-X-Q1)
Tenure: 91Days
Offer Opens: March 11, 2008
Offer Closes: April 10 2008
Minimum Investment: Rs 5000 for regular plan and Rs 50,000 for institutional plan.
Exit load: 1% before maturity
Templeton Fixed Horizon Fund Series VII-Plan C
Tenure : 385 Days
Offer Open : March 13, 2008
Offer Closes : March 18, 2008
Plan : Retail and Institutional
Schemes : Growth and Dividend Payout
Minimum Investment : Rs. 5000 (for regular plan) and Rs. 1 cr (for institutional plan)
Exit Load : 2.5% if redeemed within 6 months.
2 % - redeemed after 6 months but before 9 months.
1.5% - redeemed after 9 months but before maturity.
UTI FMP Series: HFMP 03 / 08
Tenure: 186 Days
Offer open: 3 March 2008
Offer closes: 18 March 2008
Minimum Investment : Rs 10,000
Exit Load: 1% if redeemed within 90 days.