alexa
 
Home News Fund houses rush to launch FMPs as year end approaches

Read more interesting news from around the globe with Wealth Doctor App

Google Play
 
Fund houses rush to launch FMPs as year end approaches

Fund houses rush to launch FMPs as year end approaches

Monday, March 27, 2017, 7:00 PM

Fixed maturity plans (FMPs) of mutual funds are back in vogue as the financial year comes to an end. At least eight asset management companies have launched three-year FMPs of late as superior tax benefits and better returns than fixed deposits attract well-heeled investors to this product. FMPs are close-ended mutual fund schemes which invest in debt instruments with maturity of the fund.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!