ICICI Prudential Fixed Maturity Plan (FMP) Series 53 – 18 Months Plan A

December 23, 2010 by · 6 Comments 

ICICI Prudential Fixed Maturity Plan Series 53 – 18 Months Plan A-Review

ICICI Prudential Mutual Fund has launched a new FMP – Series 53 18 Months Plan A. Due to the ongoing liquidity issues, this is another FMP among the spate of FMP issues that we are seeing in the market recently

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Franklin Templeton India FMP- Fixed Tenure Fund – Series XII Plan B (3 Year)

October 12, 2009 by · 4 Comments 

franklin templeton india mf fmpFranklin Templeton Mutual Funds India has launched a new close ended MF FMP New Fund Offer- Fixed Tenure Fund – Series XII Plan B (3 Year)

Fixed Tenure Fund – Series XII Plan B (3 Year) is the latest India MF FMP NFO from Franklin Templeton MF. This fixed maturity plan ( FMP ) offer from Franklin Templeton is the latest in the series of FMPs launched by Indian MFs

Franklin Templeton MF ‘s Fixed Tenure Fund – Series XII Plan B (3 Year)- Start and End Dates

Fixed Tenure Fund – Series XII Plan B – new FMP new fund offer from Franklin Templeton has a start date of 7 Oct 2009 and an end date of 30 Oct 2009

Maturity Dates -Franklin Templeton MF ‘s Fixed Tenure Fund – Series XII Plan B

Franklin Templeton MF ‘s Fixed Tenure Fund – Series XII Plan B is a FMP with a maturity period of three years.

FTFTF – XII (Franklin Templeton MF ‘s FMP -Fixed Tenure Fund – Series XII Plan B) – Entry and exit loads

Franklin Templeton MF FMP NFO-Fixed Tenure Fund – Series XII Plan B has zero entry and exit loads. The FMP FTFTF – XII will be listed on maturity

ICICI Prudential New India FMP-Fixed Maturity Plan Series 49 – 1 Year Plan C

October 12, 2009 by · 4 Comments 

ICICI Prudential MF has launched a new FMP NFO in India-Fixed Maturity Plan Series 49 – 1 Year Plan C


icici prudential india fmpFixed Maturity Plan Series 49 – 1 Year Plan C is another FMP NFO as ICICI Prudential Mutual Fund joins the FMP bandwagon, by reviving its FMP NFO launches

Fixed Maturity Plan Series 49 – 1 Year Plan C from ICICI Prudential Mutual Fund- Start and end dates of the NFO

Start date of Fixed Maturity Plan Series 49 – 1 Year Plan C – 12 Oct 2009

End date of Fixed Maturity Plan Series 49 – 1 Year Plan C – 22 Oct 2009

Maturity of ICICI Prudential Mutual Fund FMP-Fixed Maturity Plan Series 49 Plan C

Fixed Maturity Plan Series 49 Plan C has a maturity of 1 year

Options for ICICI Prudential MF FMP-Fixed Maturity Plan Series 49 Plan C


ICICI Prudential FMP NFO-Fixed Maturity Plan Series 49 Plan C has 3 options

  • Retail plan for Fixed Maturity Plan Series 49 Plan C- Minimum Rs 5000
  • Institutional Plan I-Minimum 10 Lakh
  • Institutional Plan- Minimum 25 Lakh

No entry, exit loads for ICICI FMP Fixed Maturity Plan Series 49 Plan C

Keeping with SEBI rules, there are no entry and exit loads for this ICICI Prudential MF FMP-Fixed Maturity Plan Series 49 Plan C. The FMP will be listed on the stock exchange

Fortis FTP – Sr-15 Plan B -FMP from Fortis Investments

September 30, 2009 by · Leave a Comment 

Fortis FTP – Sr-15 Plan B – FMP for Institutional and retail investors from Fortis Mutual Fund

Fortis FTP Series 15 Plan B is an new FMP offering from Fortis Mutual Fund. This is another of the new FMP offerings from Indian Mutual Funds in recent times

Variants of Fortis FTP Sr-15 Plan B FMP


Fortis FTP Plan B Sr-15 B Fixed Maturity Plan is available in the following variants :


  • Fortis Fixed Term Plan Sr-15 Plan B RP(AD)- For retail investors only, Annual Dividend option


  • Fortis Fixed Term Plan Sr-15 Plan B RP(G)- For retail investors only, growth option

  • Fortis FTP Sr-15 Plan B RP(DOM)- For retail investors only, dividend on maturity option

  • Fortis FTP Sr-15 Plan B RP(QD) – For retail investors only, quarterly dividend

  • Fortis FTP Series-15 Plan B IP(AD)- For Institutional investors only, Annual Dividend option


  • Fortis FTP Series-15 Plan B IP(G)- For institutional investors only, growth option

  • Fortis FTP Series-15 Plan B IP(DOM)- For institutional investors only, dividend on maturity option

  • Fortis FTP Series-15 Plan B IP(QD) – For institutional investors only, quarterly dividend


Maturity period : Fortis FTP Series 15 Plan B FMP

The maturity period of the Fortis Sr 15 Plan B scheme is 368 days

Fortis FTP Series 15 Plan B Fixed Maturity Plan-Open and close dates

Open date Sep 7 2009 : Close date Oct 10 2009

Forms for Fortis FTP Series 15 Plan B

Download Fortis FTP Series 15 Plan B forms here

UTI Mutual Fund launches Fixed Term Series V Plan X- new FMP plan

December 24, 2008 by · Leave a Comment 

UTI Mutual Fund’s new FMP IPO- Fixed Term Series V Plan X

UTI Mutual Fund FMPsUTI Mutual Fund has launched a new FMP IPO- Fixed Term Series Series V Plan X. This UTI MF FMP is another typical FMP that seeks to invest in debt securities maturing around the same time as the duration of the FMP

Open and close dates of UTI MF Fixed Term Series V Plan X


This MF from UTI Mutual Fund is open from 16 December 2008 to 9 January 2009


Duration of UTI MF Series V Plan X FMP


UTI MF FMP Series V Plan X has a maturity date of 12 months. Since interest rates are expected to fall in the next 12 months, this FMP from the UTI Fund family is an interesting bet for investors who are still keen on fixed maturity plans

Entry and exit loads- UTI MF Series V Plan X


In a bid to prevent premature redemptions, UTI MF has set a steep exit load of 3% for this FMP

UTI MF Fixed Term Series V Plan X- Formats

UTI MF Fixed Term Series V Plan X comes in the following formats :

  • Retail Growth FMP
  • Retail Dividend FMP
  • Institutional Growth FMP
  • Instutional Dividend FMP
  • SIP Growth FMP
  • SIP Dividend FMP
  • Close-ended funds such as FMPs to be listed on exchanges today

    December 12, 2008 by · Leave a Comment 

    Close-Ended Funds SEBI order: Fixed Maturity Plans ( FMPs ) and other close-ended funds have to be listed in BSE/NSE

    SEBI controls on fmpsMutual Fund managers have to ensure that all close-ended fund schemes such as Fixed Maturity Plan schemes ( FMPs ) have to get their schemes listed on NSE/BSE today

    Per SEBI, the only close-ended fund schemes that are excluded from this SEBI dictat are equity linked saving schemes

    SEBI is taking the right steps to ensure liquidity problems looming in Mutual Funds due to withdrawls from FMPs (fixed maturity plans) is tackled soon

    Liquidity problems in MFs is leading SEBI to take strong decisions regarding close-ended funds such as fixed maturity plans. Transparency and tradeability have been the key problems with close-ended funds such as FMPs- Sebi is doing the right thing by addressing both these issues.

    However, some investors will probably suggest that SEBI is acting rather late and putting these measures earlier could have prevented the panic withdrawls from close-ended funds such as FMPs and the corresponding liquidity scare in the entire Indian mutual fund industry

    Compulsory listing of close-ended funds such as FMPs in exchanges and stopping early withdrawls from fixed maturity plans is a good idea

    SEBI has also ensured that early withdrawls from close-ended funds such as FMPs is a thing of the past (with or without minor exit load penalties). This will further ease the liquidity scare in the mutual fund industry

    ICICI Prudential MF FMPs given high AAAF ratings by Crisil

    December 6, 2008 by · 9 Comments 

    ICICI Prudential MF FMPs have been given a superior AAAF rating by Crisil

    crisil fmp ratingsCrisil , the credit rating agency has given a high rating to ICICI Prudential Mutual Fund’s FMPs. This fantastic rating for 35 of ICICI Prudential Mutual Fund FMP schemes is a huge boost for ICICI Prudential FMPs and fixed maturity plan schemes in general

    The high rating for ICICI Prudential Mutual Fund’s FMPs indicates that the “credit risk” for these fixed maturity plans is limited

    Recently, fingers have been pointed at FMPs for investing their assets in risky debt portfolios, including real estate companies and NBFCs. It looks like ICICI Prudential Mutual Fund’s FMP managers deserve a pat on the back for being conservative in their debt portfolios, leading to a lower credit risk

    ICICI Prudential MF FMPs also score high in transparency

    By publishing a regular fact sheet indicating their portfolios, ICICI Prudential MF FMPs have also demonstrated a high degree of commitment to transparency in their FMP portfolio investments

    Crisil giving ICICI Prudential Mutual Fund a high rating for it FMPs is a short in the arm for the reputation of ICICI Prudential as a mutual fund house

    FMP schemes from mutual fund houses have come under great scrutiny in the recent past and allegations of poor portfolio allocation and exposure to credit risk have been made against mutual fund houses in general

    In this context, by giving ICICI Prudential FMPs a high rating, for over 35 FMPs, Crisil seems to be suggesting that ICICI Prudential is one of the better managed mutual funds with enough checks and balances in place

    Closed ended funds such as FMPs have early withdrawl banned by SEBI

    December 5, 2008 by · Leave a Comment 

    Close ended funds including FMPs are to be held till maturity

    close ended fundsNew SEBI norms will bar close ended funds such as FMPs, otherwise known as fixed maturity plans,from allowing investors to withdraw their money before maturity>

    Going forward, corporates and retail investors will be allowed to liquidate their closed ended funds only at the time of maturity

    Close ended funds such as FMPs have come under SEBI scrutiny following the liquidity crunch that Mutual funds have faced recently

    The recent panic premature withdrawl from close ended funds such as FMPs due to doubts about their asset quality of the portfolios of the close ended funds, had caused a major crisis in the mutual fund industry. Due to the liquidation pressure on close ended funds,RBI had to step in and offer a credit line of Rs 60000 crore to commercial banks in order to lend to the crisis ridden mutual fund industry

    Close ended funds such as fixed maturity plans (FMPs) typically had a penalty to prevent early withdrawl but that obviously was not good enough

    Close ended funds now will no longer offer a high penalty for early exit – in fact close ended funds will become almost illiquid since close ended funds such as FMPs cannot be redeemed before maturity. This will ensure that the close ended funds are not subject to panic selling, leading to a huge liquidity crisis for mutual funds

    Exiting close ended funds to be possible only through the stock exchange

    Close ended funds such as FMPs will now be forced to list on the stock exchange. These close ended funds can be exited only through the stock exchange , and not through investors demanding early withdrawl from the mutual funds

    New norms on close ended funds such as fixed maturity plans to also ensure control on underlying assets

    Close ended funds such as FMPs , can now hold underlying debt portfolios. who maturity will not exceed the maturity of the close ended fund itself. This will prevent short term close ended funds from holding debt assets that have longer maturities and exposed to higher level of credit risk

    These new norms on close ended funds and fixed maturity plans to be applicable on all new close ended funds that are approved but not yet launched

    All new close ended fund IPOs from mutual funds will have to follow the new norms for early withdrawl, as issued by SEBI. This will ensure that close ended funds such as fixed maturity plans are now finally under the radar of SEBI as SEBI tries to solve the liquidity risk to the mutual fund industry

    Close ended funds may lose their current popularity due to SEBI’s recent norms, leading to more illiquid FMPs

    As a result of SEBI’s norms, close ended funds may lose their popular status and it could be some time before investors and corporates start dumping all their money in FMPs again

    The close ended FMP vs FD battle now may temporarily be won by bank fixed deposits as some HNIs may be reluctant to invest in close ended funds such as FMPs due to liquidity concerns

    Series H 36 months ICICI Prudential S.M.A.R.T plan

    November 30, 2008 by · Leave a Comment 

    ICICI Prudential S.M.A.R.T Series H 36 months IP (G),IP (D), RP (G). RP (D)

    icici prudential mutual fund fmpsICICI Prudential S.M.A.R.T Series H is a complicated debt instrument that invests in equity derivatives

    In short, ICICI Pru S.M.A.R.T are not the traditional FMPs that seek to invest mostly in Govt securities , and are far more complex debt instruments

    ICICI Prudential S.M.A.R.T Series H 36 month variants

    ICICI Pru S.M.A.R.T Series H comes in 4 variants

    • ICICI Pru S.M.A.R.T Series H 36 months RP(g)- the growth option for retail participants
    • ICICI Pru S.M.A.R.T 36 Months Series H RP(d)- the dividend option for retail participants
    • ICICI Pru S.M.A.R.T 36 Months Series H IP(d)- the dividend option for institutional participants
    • ICICI Pru S.M.A.R.T 15 Months Series H IP(G)- the growth option for institutional participants

    ICICI Pru S.M.A.R.T Series H 36 months FMP Maturity Period

    As the name indicates,this S.M.A.R.T Series E fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 36 Months

    ICICI Pru S.M.A.R.T Series H 36 Months Series H- Opening and closing dates

    This ICICI Pru scheme has a opening date of 25/10/2008 and a closing date of 8/12/2008

    Should you invest in ICICI Prudential S.M.A.R.T Series H 36 months plan

    Points In favour of investing in ICICI Prudential S.M.A.R.T Series H 36 months FMP

    • If you are a financial wiz and you understand complex equity derivates and think the equty markets cannot go down further, investing in ICICI Pru Series H 36 months may not be bad
    • Points against investing in ICICI Pru S.M.A.R.T Series H 36 months plan

      • The ICICI Pru S.M.A.R.T Series H 36 months plan is based on complex equity derivatives. If you think derivatives are something you learned in math school, this ICICI Pru S.M.A.R.T plan is not for you.
      • The entry loads and exit loads for the ICICI Pru S.M.A.R.T Series H 36 Mth schemes are quite steep at 2.25% and 2% respectively for retail investors and has an entry and exit load of 0 and 3% for institutional investors
      • Retail investors who do not understand the complicated financial instruments used in schemes such as the ICICI S.M.A.R.T Series H 36 Months scheme are advised to be careful

      Series E, 24 months-Icici Prudential S.M.A.R.T FMP

      November 30, 2008 by · Leave a Comment 

      ICICI Prudential S.M.A.R.T Series E 24 months IP (G),IP (D), RP (G). RP (D) from ICICI Prudential Mutual Fund

      icici prudential mutual fund fmpsICICI Prudential S.M.A.R.T Series E is a complicated debt instrument. In short, ICICI Prudential S.M.A.R.T is essentially a structured debt scheme that invests in equity based debentures (whatever that means, for the non-financial wizard)

      The official description of ICICI Prudential S.M.A.R.T Series E 24 months FMP ‘s investment criteria
      -”invest in short term and medium term debt instruments with fixed and/or floating payouts linked to the equity indices normally maturing in line with the time profile of the Plans under the scheme”


      In short, ICICI Pru S.M.A.R.T are not the traditional FMPs that seek to invest mostly in Govt securities , and are far more complex debt instruments

      ICICI Prudential S.M.A.R.T Series E 24 month variants

      ICICI Pru S.M.A.R.T Series E comes in 4 variants

      • ICICI Pru S.M.A.R.T Series E RP(g)- the growth option for retail participants
      • ICICI Pru S.M.A.R.T 24 Months Series E RP(d)- the dividend option for retail participants
      • ICICI Pru S.M.A.R.T 24 Months Series E IP(d)- the dividend option for institutional participants
      • ICICI Pru S.M.A.R.T 15 Months Series E IP(G)- the growth option for institutional participants

      ICICI Pru S.M.A.R.T FMP Maturity Period

      This S.M.A.R.T Series E fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 24 Months

      ICICI Pru S.M.A.R.T Series E 24 Months Plan B – Opening and closing dates

      This ICICI Pru scheme has a opening date of 25/10/2008 and a closing date of 8/12/2008

      Should you invest in ICICI Prudential S.M.A.R.T Series E 24 months plan

      Points In favour of investing in ICICI Prudential S.M.A.R.T Series E 24 months FMP

      • If you are a financial wiz and you understand complex equity derivates and think the equty markets cannot go down further, investing in ICICI Pru Series E 24 months may not be bad
      • Points against investing in ICICI Pru S.M.A.R.T Series E 24 months plan

        • The ICICI Pru S.M.A.R.T Series E 24 months plan is based on complex equity derivatives. If you think derivatives are something you learned in math school, this ICICI Pru S.M.A.R.T plan is not for you.(First rule of Investing- Do not invest in something you do not understand
        • The entry loads and exit loads for the ICICI Pru S.M.A.R.T Series B 15 Mth schemes are quite steep at 2.25% and 2% respectively for retail investors and has an entry and exit load of 0 and 3% for institutional investors
        • Retail investors who do not understand the complicated financial instruments used in schemes such as the ICICI S.M.A.R.T Series B 15 Months scheme are advised to be careful

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