FMP
Birla Sunlife introduces another new FMP NFO- Birla Sunlife Fixed Term Plan Series DD
May 30, 2011 by suresh
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Birla Sunlife mutual fund has launched a new FMP NFO- Series DD- Should you invest?
FMP NFOs are a dime a dozen these days. The first question to ask is whether this particular FMP NFO from Birla Sunlife Mutual Fund is worth investing. Lets dig into the details of Birla Sunlife MF Fixed Term Series DD
Open and close dates- Birla Sunlife MF Fixed Term Series DD
This new FMP NFO from Birla Sunlife Mutual Fund opens on May 26 and closes on June 06. This means that unlike many other FMP NFOs, this FMP gives you some time to mobilize funds, in case you are interested in investing
Maturity Period for Birla Sunlife Fixed Term Series DD NFO
Birla Sunlife Fixed Term Series DD has a maturity period of 367 days. This means that investors in this FMP NFO will be eligible for indexation benefits
Management expenses for Birla Sunlife Fixed Term Series DD FMP NFO
The total expense for this NFO is 2.25% per the prospectus. This is quite high for a fund that is benchmarked against the CRISIL short term bond index
You can take your call whether to invest in the Birla Sunlife Fixed Term Series DD NFO
If you need any more information about this Birla Sunlife Term Series DD, pls read the FMP NFO prospectus
need more info abou fmp..want to invest approx 50,000 to 1,00,000 for 1 to 3 years fmp..call me on my phone number 9825494447
Dear Megchiani Jayant
Fixed Maturity Plans essentially enable funds to lock in the interest rate since they are “fixed maturity” – so fund managers can allocate the money to a variety of debt funds and lock in the rates. Please note that credit risk still exists- it would make sense if you study the track record of the funds before investing