Fixed Maturity Plans are ideal for investors willing to block their money for a specified time frame. Though their returns are not assured, investors can expect a return in tune with the current interest rate scenario.
Here are a few FMPs currently open for subscription :
Canara Robeco FMP Series 3 (Quarterly Plan 3)
NFO Opens: July 16, 2008
NFO Closes: July 17, 2008
Load: An exit load of 0.75% will be charged if redeemed before maturity
Tenure: 3 Months
Templeton Fixed Horizon Fund – Series IX – Plan C
NFO Opens: July 17, 2008
NFO Opens: July 23, 2008
Load: 2.5% of Exit load would be charged if redeemed before maturity.
Tenure: 367 Days
JM FMF Series XI 13 Months Plan 2
NFO Opens: July 15, 2008
NFO Closes: July 23, 2008
Load: 2%Exit load would be charged if redeemed during specified redemption period and 3% otherwise, to redeem before maturity.
Tenure: 13 Months
Birla Sun Life FTP - Series AZ (371 days)
NFO Opens: July 14, 2008
NFO Closes: July 21, 2008
Load : 2% Exit load would be charged if repurchased before 180 days and 1% if repurchased after 180 days but before maturity.
Tenure : 371 Days