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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:

Standard Chartered Fixed Maturity Plan- Quarterly Series 9

Tenure: 3 Months
Offer open: April 13 to April 18, 2007
Maturity: July 18, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 500
The fund proposes to yield between 9.80% - 9.90% per annum.

Birla Fixed Term Plan- Quarterly Series 13

Tenure: 91 Days
Offer open: April 16 to April 17, 2007
Maturity: July 17, 2007
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5000
Benchmark Index: Crisil Liquid Fund Index

UTI Fixed Maturity Plan- Quarterly April 07 Series I

Tenure: 94 Days
Offer open: April 1 to April 18, 2007
Maturity: July 22, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 10000
Exit load: 2% if redemption is made within 90 days.