Would you be kind enough to suggest few of the best FMPs in the marketOn 8/20/08, Subramanian Narayanan <[EMAIL PROTECTED]> wrote: FMP or Fixed Maturity Plan is closed ended mutual fund with the following features.1.It is a fixed tenure fund.2. It is a debt fund.3. Generates income while protecting the capital by investing in money market instruements and debt instruments.4.Tenure ranges from one month to 5 years.5.It invest in debt instruments which has maturity linked to the fund's tenure.6.Not sensitive to interest rate volatility when held till maturity.7. Lower Tax rate than banke fixed deposits.For bank FD, the income tax slab rate is applied.Who can invest in FMP?If you are not a risk-free investor and look for an assured income, this is the right option for you.--Thanks,Subbuhttp://investorskool.blogspot.com/
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