Hi Durga, There is nuthing much of a rating in terms of FMP funds, sincethey offer fixed return, you can invest in a FMP fund depending on theinterest rate return it offers to you and these are not open endedfunds. You can invest only when ther is new fmp fund in the market. Thanks,Subbuhttp://investorskool.blogspot.com/ On Aug 20, 10:21 pm, "Durga Pada Bagchi" <[EMAIL PROTECTED]> wrote:> Would you be kind enough to suggest few of the best FMPs in the market>> On 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,> > Subbu> >http://investorskool.blogspot.com/
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