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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:

ICICI Prudential Fixed Maturity Plan Series 37- Three Months Plus Plan B

Tenure: 111 Days
Offer open: April 19 to April 24, 2007
Maturity: August 16, 2007
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5000
The fund proposes to yield around 9.80% per annum.

DWS Fixed Term Fund- Series 29

Tenure: 370 Days
Offer open: April 16 to April 26, 2007
Maturity: May 1, 2008
Schemes: Growth and Dividend Payout
Minimum investment: Rs 5000
Benchmark Index: Crisil Short Term Bond Fund Index
Fund Manager: Mr. Suresh Soni