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FMPs are good for investors who wish to block their money. Here are a few to choose from

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:

DSP Merrill Lynch FMP-3M-Series 8
Tenure: 3 months
Offer Opens: April 22, 2008
Offer Closes: April 29, 2008
Minimum Investment: Rs.25, 000/- for regular plan and Rs.1 crore for institutional plan
Exit Load: 0.5 % if redeemed before the date of maturity.

HDFC FMP 90D April 2008
Tenure: 90 Days
Offer Opens: April 24 , 2008
Offer Closes: April 28, 2008
Minimum Investment: Rs.5000
Exit Load: 0.75 %, if redeemed before maturity.

HDFC FMP 18M April 2008 (2)
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.

Lotus India Fixed Maturity Plan-3Months-SeriesXXVIII
Tenure: 3 Months
Offer Opens: April 22, 2008
Offer Closes: April 24, 2008
Minimum Investment: Rs.5, 000.
Exit Load: 1% if redeemed before the maturity date.



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