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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:

JM Financial Fixed maturity Fund-Series X-Quarterly Plan

Offer Opens: June 03, 2008
Offer Closes: June 11, 2008
Entry Load: Nil
Exit Load: 1%
Minimum Application: Rs 5000 for retail Investors
Rs 5, 00,000 for institutional investors.
Type: Close Ended Income Fund

HDFC Fixed maturity plan- Series VIII 90D June 2008(2)

Offer Opens: June 11, 2008
Offer Closes: June 16, 2008
Entry Load: Nil
Exit Load: 0.75% if redeemed before maturity

Templeton Fixed Horizon Fund - Series VIII- Plan E

Offer opens: June 10, 2008
Offer Closes: June 16, 2008
Entry load: Nil
Exit Load: Upto 2.5% on redemptions/switch out before maturity.
Minimum Investment: Rs5000
Tenure:367 days from the date of allotment.

IDFC FMP Yearly Series 22

Offer Opens: June 04, 2008
Offer Closes: June 11, 2008
Entry Load: NIl
Exit Load: 2%

LOTUS India FMP -375 Days- Series X

Offer opens: June 02, 2008
Offer Closes: June 10, 2008
Entry Load: Nil
Exit Load:2% if redeemed before maturity
Type: Close Ended Income Scheme