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FMP Update


Fixed Maturity Plans are good options for investors wanting to block their money for a fixed time frame. Though the returns are not assured, investors can expect a return in tune with the current interest rate scenario.

Here are the FMPs available in the market:

Franklin Templeton Fixed Tenure Fund -Series VIII- 60 Months Plan A

Tenure: 60 Months
Offer open: March 28 to April 11, 2007
Maturity: April 26, 2012
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5,000
Fund Managers: Ninad Deshpande, Pallab Roy and Anand Radhakrishnan

HDFC Fixed Maturity Plans Series V

Offer open: April 2 to May 16, 2007
Plans: 90D April 2007, 181D April 2007, 367D April 2007
Schemes: Wholesale and Retail with Growth and Dividend Options
Minimum investment: Rs 5,000 for Retail Plan and Rs.1,00,00,000 for Wholesale Plan
Unit Value: Rs 10
Fund Manager: Shobhit Mehrotra

ICICI Prudential Fixed Maturity Plan- Series 35- One Year Plan

Tenure: 370 Days
Offer open: April 9 to April 16, 2007
Schemes: Institutional Plan and Retail Plan with Growth and Dividend Payout Options
Minimum investment: Rs 5,000 for Retail Plan and Rs.1,00,00,000 for Institutional Plan
Fund Managers: Chaitanya Pande
Benchmark Index: Crisil Liquid Fund Index
Unit Value: Rs 10