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FMPs in the choppy market


The choppy market has left investors with very less choice because all modes of investment currently is generating negative returns because of global economy slow down, sudden hike is oil prices and continuously increasing rates.


Here the fund houses are bringing the safest mode of investment which gives modest return in the downturn. The details of the new funds offered in Fixedmaturity Plan Category are as follows:


Kotak FMP 12 M Series 7
Offer Opens: June 09, 2008
Offer Closes: June 26, 2008
Exit Load: 1.5%, if redeemed before maturity
Type: Close- Ended Debt Scheme


HDFC Fixed maturity Plan 90D June 2008(3)
Offer Opens: June 20, 2008
Offer Closes: June 25, 2008
Exit Load: 0.75%, if redeemed before maturity
Type: Close-Ended Income Scheme


HDFC Fixed maturity Plan 370D June 2008 (2)
Offer Opens: June 20, 2008
Offer Closes: June 26, 2008
Exit Load: 1.50%, if redeemed before maturity
Type: Close-Ended Income Scheme