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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.

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:

AMRO Fixed Term Plan-Series-11 Plan-B
Tenure: 18 months
Offer Opens: April 18, 2008
Offer Closes: April 24, 2008
Minimum Investment: Rs.25,000/- for regular plan and Rs.25 lakh for institutional plan
Exit Load: 2 % before maturity
Benchmark: CRISIL Short Term Bond Fund Index

DWS Fixed Term Fund-Series 49 (DFTF-49)
Tenure: 12 Months
Offer Opens: April 7, 2008
Offer Closes: April 23, 2008
Minimum Investment: Rs.5000/- for regular plan and Rs.1 crore for institutional plan
Exit Load: 2 % before maturity.
Benchmark: CRISIL Short Term Bond Fund Index

ING Fixed Maturity Fund-Series 40
Tenure: 366 Days
Offer Opens: April 10, 2008
Offer Closes: April 15, 2008
Minimum Investment: Rs.5000/- for regular plan and Rs.1crore for institutional plan
Exit Load: 3 % before three months, 2 % after three months but before six months, 1% after six months but before nine months and 0.75 % after nine months but before maturity.
Benchmark: CRISIL Liquid Fund Index.

Franklin Templeton Fixed Tenure Fund-Series IX-Plan A
Tenure: 3 Years
Offer Opens: April 15, 2008
Offer Closes: April 30, 2008
Minimum Investment: Rs.10, 000/- for regular plan and Rs.1crore for institutional plan
Exit Load: 2.5 % before 18 months, 1.5 % after 18 months but before 30 months and 0.5 % after 30 months but before maturity and no load after maturity.
Benchmark: 20 % S&P CNX 500 + 70 % CRISIL Composite Bond Fund Index + 10 % CRISIL Liquid Fund Index.

Franklin Templeton Fixed Tenure Fund-Series IX Plan B (FTFTF-Series IX)
Tenure: 5 Years
Offer Opens: April 15, 2008
Offer Closes: May 12, 2008
Minimum Investment: Rs.10, 000/- for regular plan and Rs.1crore for institutional plan
Exit Load: 3 % before 18 months, 2.5 % after 18 months but before 30 months, 2% after 30 months but before 42 months, 1% after 42 months but before 54 months and 0.5 % after 54 months but before maturity and no load after maturity.
Benchmark: 25 % S&P CNX 500 + 65 % CRISIL Composite Bond Fund Index + 10 % CRISIL Liquid Fund Index.