
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:
DBS Chola Fixed Maturity Plan Series 7 Quarterly Plan-IV
Tenure: 91 Days
Offer open: May 28 to June 1, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5000
Benchmark Index: Crisil Liquid Fund Index
Fund Manager: Mr. Ashish Nigam
LIC Fixed Maturity Plan Series-25
Tenure: 3 Months
Offer open: May 21 to May 28, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 10000
Benchmark Index: Crisil Liquid Fund Index
Fund Manager: Mr. Ashish Kumar
ICICI Prudential Fixed Maturity Plan-Series 36-18 Months Plan A
Tenure: 550 Days
Offer open: May 14 to May 24, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 5000
Benchmark Index: Crisil Short Term Bond Fund Index
Fund Manager: Mr. Chaitanya Pande
SBI Debt Fund Series 90 Days-10
Tenure: 90 Days
Offer open: May 22 to May 28, 2007
Schemes: Growth and Dividend
Minimum investment: Rs 50000
Entry Load: Nil
Exit Load: 0.50% if investment is redeemed before maturity.