
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:
Kotak FMP 3 month Series 30
Tenure: 90 days
Offer opens: 6 May, 2008
Offer Closes: 7 May, 2008
Minimum Investment: Rs 5000
Exit Load: 1% if redeemed before maturity
Templeton Fixed Horizon Fund-Series VIII- Plan B
Tenure: 367 days
Offer Opens: 7 May, 2008
Offer Closes: 12 May, 2008
Minimum Investment: Rs 5000
Exit Load: Up to 2.50 per cent on redemption/switch out before maturity.
Templeton Fixed Horizon Fund-Series VIII- Plan C
Tenure: 367 days
Offer Opens: 8 May, 2008
Offer Closes: 13 May, 2008
Minimum Investment: Rs 5000
Exit Load: Up to 2.50 per cent on redemption/switch out before maturity.