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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:

Templeton Fixed Horizon Fund-Series VIII Plan-A (TFHF-VIII)
Tenure: 367 Days
Offer Opens: April 28, 2008
Offer Closes: May 05, 2008
Exit Load: 2.5 % if redeemed before 6 Months, 2 % if redeemed after 6 months but before 9 months, 1.5 % if redeemed after 9 months but before the date of maturity.

DWS Fixed Term Fund-Series 50 (Plan A & Plan B)
Tenure: 3 Years
Offer Opens: April 25, 2008
Offer Closed: May 15, 2008
Minimum Investment: Rs.5000/-
Entry Load: Plan A- 2.5 % and Plan B- 1 %
Exit Load: Nil

SBI Debt Fund Series-18 Months Fund-3
Tenure: 18 months
Offer Opens: April 28, 2008
Offer Closes: April 30, 2008
Minimum investment: Rs.50, 000/- for regular plan and Rs.5 lakhs for institutional plan
Exit Load: 2 % if redeemed before the date of maturity.

Birla Fixed Term Plan - Series AS
Offer Opens: April 22, 2008
Offer Closes: April 29, 2008
Minimum Investment: Rs. 5, 000/-

Birla Fixed Term Plan - Series AT
Offer Opens: April 22, 2008
Offer Closes: April 29, 2008
Minimum Investment: Rs.5000