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.
These close-ended schemes seek to generate regular returns and capital appreciation by investing in debt, government and money market securities normally maturing in line with the duration of the scheme.
Here are the FMPs available in the market:
Lotus India FMP- 13 months - Series III
Tenure: 13 months
Offer open: May 7, 2007
Offer closes: May 17, 2007
Schemes: Growth, Dividend Reinvestment
Minimum investment: Rs 5000
Cost per unit: Rs 10
Entry load: Nil
Exit load: 2% if redeemed before maturity
Lotus India FMP- 3 months - Series VII
Tenure: 3 months
Offer open: May 7, 2007
Offer closes: May 9, 2007
Schemes: Growth, Dividend Reinvestment
Minimum investment: Rs 5,000
Cost per unit: Rs 10
Entry load: Nil
Exit load: 0.75% if redeemed before maturity
Standard Chartered Fixed Maturity Plan Quarterly Series-11
Tenure: 3 months
Offer open: May 3, 2007
Offer closes: May 8, 2007
Maturity Date: August 7, 2007
Schemes: Growth, Dividend
Minimum investment: Rs 500
The indicative yield of the fund would be 10.35%.
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