
The mutual fund industry is busy catering to the growing preference for fixed-return investments. Of course, the good returns delivered by Fixed Maturity Plans have encouraged the funds to come out with such schemes on a regular basis.
Here are the FMPs available in the market.
Prudential ICICI Fixed Maturity Plan Series 37- Three Months Plan B
Tenure: 90 days
Offer open: March 28-29, 2007
Maturity: June 27, 2007
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5,000
Exit load: 1%
The fund proposes to yield between 11.2% - 11.3% per annum.
DWS Fixed Term Fund- Series 28
Tenure: 90 days
Offer open: March 26-28, 2007
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5,000
Exit load: 1% if redeemed before maturity
Fund manager: Suresh Soni
Benchmark: Crisil Short Term Bond Fund Index
Birla Fixed Term Plan- Series U
Tenure: 385 days
Offer open: March 13 to March 28, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5,000 (retail), Rs 1 lakh (institutional)
Benchmark: Crisil Short Term Bond Fund Index
Fund manager: Satyabrata Mohanthy
DWS Fixed Term Fund- Series 24
Tenure: 13 Months
Offer open: March 23-28, 2007
Plans: Retail and Institutional
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5,000 (retail), Rs 1 crore (institutional)
Exit load: 2% if redeemed before maturity
Fund manager: Suresh Soni
Benchmark: Crisil Short Term Bond Fund Index
DBS Chola Fixed Maturity Plan- Series 6
Tenure: 371 Days
Offer open: March 19-28, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5,000
Exit load: 2% if redeemed before maturity
Fund manager: Ashish Nigam
Benchmark: Crisil Liquid Fund Index
Sundaram BNP Paribas Fixed Term Plan Series-XXII
Tenure: 90 Days
Offer open: March 26-28, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5,000
Exit load: 1.50% if redeemed before maturity
Fund manager: Dheeraj Singh
Benchmark: Crisil Liquid Fund Index