Sun F&C Mutual Fund has launched the 3rd series of the yearly FMP (Fixed Maturity Plan). The fund is open for subscription from May 13 to May 21, 2002. Minimum initial investment is Rs 25,000.
The 1st yearly series was launched in February 2002 and commands an asset of Rs 11.57 crore. While, the 2nd yearly series came into existence in March 2002 and manages Rs 2.97 crore of assets. Both series have posted a one-month return of 0.70 percent, as on May 10, 2002.
SUN F&C Fixed Maturity Series is an close-end debt scheme having Monthly, Quarterly, Half-Yearly, Yearly, 3-Yearly, 5-Yearly and 7-Yearly Series that offer various FMPs launched from time to time.