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FMPs for the Day


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