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FMP Update


Looking to block your money for a fixed period of time? Do you feel safer when your money stays invested for a fixed time frame? If you do, then Fixed Maturity Plans (FMP) are a good option for you.

FMPs are close-ended schemes that seek to generate regular returns and capital appreciation by investing in debt, government and money market instruments. FMPs invest in instruments that generally mature in line with the duration of its scheme.

Though the returns offered by FMPs are not assured, investors can safely expect returns that are in tune with the prevailing interest rate scenario.

Here are the FMPs available in the market:

Reliance Fixed Horizon Fund-VIII-Scheme 3
Tenure: 13 months
Offer Opens: April 16, 2008
Offer Closes: April 24, 2008
Minimum Investment : Rs.5,000/- for regular plan and Rs.1 crore for institutional plan
Exit Load: 2 % if redeemed before six months and 1 % if redeemed after six months but before the date of maturity.

LIC Fixed Maturity Plan Series 36
Tenure: 14 Months
Offer Opens: April 15, 2008
Offer Closes: April 21, 2008
Minimum Investment: Rs.10, 000.
Exit Load: 1.5 % if redeemed within 180 days of investment and 1 % if redeemed after 180 days but before the maturity date.

HDFC FMP 181D APRIL 2008-04-18
Tenure: 181 Days
Offer Opens: April 16, 2008
Offer Closes: April 21, 2008
Minimum Investment: Rs.5000
Exit Load: 0.75 % , if redeemed before maturity.

HDFC FMP 18M APRIL 2008
Tenure: 18 Months
Offer Opens: April 16, 2008
Offer Closes: April 21, 2008
Minimum Investment: Rs.5, 000/- for regular plan and Rs.1crore for institutional plan
Exit Load: 2 %, if redeemed before maturity.