FMP
Fortis India Mutual Fund Investments launched new FMP- Fixed Term Fund – Series 16 B
October 30, 2009 by FMP expert
Fortis Fixed Term Fund Series 16B – another fixed maturity plan (FMP) from Fortis India Mutual Fund Investments
New Fixed Term Fund Series 16B from Fortis Mutual Fund Investments
Fortis Fixed Term Fund – Series 16 B FMP: Open and close dates
- Open date for Fortis Fixed Term Fund – Series 16 B: 20 October 2009
- Close date for Fortis Fixed Term Fund – Series 16 B: 3 November 2009
Fortis Fixed Term Fund – Series 16 B: Maturity Period – Fixed Maturity Plan
Maturity Period for the FMP from Fortis Investments is 18 months
Entry Exit loads for Fortis Fixed Term Fund – Series 16 B
Per recent SEBI guidelines, there is no entry/exit load for Fortis Fixed Term Fund – Series 16 B FMP
ICICI Prudential Fixed Maturity Plan Series 49 – 3 Years Plan B
October 30, 2009 by FMP expert
ICICI Prudential Mutal Fund has launched a new FMP-Fixed Maturity Plan Series 49 – 3 Years Plan B
New Fixed Maturity Plan – ICICI Prudential FMP Series 49 3 Years Plan B
ICICI Prudential Fixed Maturity Plan Series 49 – 3 Year Plan B FMP: Open and close dates
- Open date for ICICI FMP Series 49 Plan B: 20 October 2009
- Close date for ICICI FMP Series 49 Plan B: 5 November 2009
ICICI Prudential FMP Series 49 Plan B- Maturity period
Maturity Period for ICICI Prudential Series 49 Plan B is 3 years
Entry Exit loads for ICICI Prudential FMP Series 49 Plan B
Per recent SEBI guidelines, there is no entry/exit load for ICICI Prudential FMP Series 49 Plan B. However, this fixed maturity plan will be listed and be freely tradeable on the exchange
Franklin Templeton Fixed Tenure Fund – Series XIII – Plan A
December 30, 2009 by suresh
Franklin Templeton Fixed Tenure Fund – Series XIII – Plan A- a new FMP from Franklin Templeton MF
Franklin Templeton Mutual fund has launched a new fixed maturity plan (FMP)
Franklin Templeton Fixed Tenure Fund Series X111 Plan A FMP-Open and close dates
The open and close dates for this FMP from Franklin Templeton Mutual Fund are 7 December 2009 and 20 January 2010
Maturity of FT Fixed Tenure Fund Series 13 Plan A
The maturity of this Fixed Maturity plan from Franklin Templeton Mutual Fund is 3 years
Entry and exit loads of Franklin Templeton Fixed Tenure Fund Series X111 Plan A
There is no entry load for this FT FMP, the exit load is obviously not applicable since there per new SEBI regulations, the FMP cannot be redeemed before maturity
The FMP is of course tradeable, but dont expect too much liquidity in the market
Recommendation for FT FMP Series 13 Plan A
Not a bad idea to invest in this Franklin Templeton FMP if you have money to spare right now, and avail indexation benefits for 3 years- but if you can wait for some time, you may get FMPs with better yields once the expected interest rate hike happens
Birla Sunlife introduces another new FMP NFO- Birla Sunlife Fixed Term Plan Series DD
May 30, 2011 by suresh
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
Sundaram Fixed Term Plan AJ-FMP NFO review
January 1, 2011 by suresh
Sundaram Mutual Fund has launched a new FMP NFO- The Sundaram Fixed Term Series AJ
Sundaram Mutual Fund has reiterated its focus on fixed maturity plans by launching a new fund offer (NFO) in the FMP category called the Sundaram Fixed Term Series AJ. The liquidity issues and the tax benefits are driving mutual funds to launch new FMP NFOs every day
Open and closing dates for Sundaram Mutual Fund Fixed Term Series AJ FMP NFO
- Open and close dates
- Open dates for Sundaram Mutual Fund Fixed Term Series AJ – 27 December
- Close dates for Sundaram Mutual Fund Fixed Term Series AJ – 7 January
Sundaram Mutual Fund Fixed Term Series AJ – Tenure
The tenure of Sundaram Mutual Fund Fixed Term series AJ is 24 months. What this means is that this fixed maturity plan will qualify for 2 years indexation benefits for tax purposes.
Final review – Sundaram Mutual Fund Fixed Term Series AJ
It is difficult to predict interest rates over the next 2 years and hence its quite tough to give a call on whether Sundaram Mutual Fund Fixed Term Series AJ is a good bet, since it implies locking in your capital for over 2 years. However, if you are looking at the option of investing in an FD instead of this FMP, and do not definitely need the capital for 2 years, it is recommended to invest in this FMP. (Read FMP vs FDs for tax benefits for more details)
Download the Sundaram Mutual Fund Fixed Term Series AJ application form here
Birla Sunlife Mutual Fund has launched a new FMP – Fixed Term Plan Series CK
December 30, 2010 by FMP expert
Another FMP from Birla Sunlife Mutual Fund- Fixed Term Plan Series CK
Birla Sunlife Mutual Fund seems quite committed to launching new Fixed Maturity Plans of varied maturities. Fixed Term Plan Series CK is yet another FMP NFO in that category
Open and closing dates for Birla Sunlife Mutual Fund Fixed Term Plan Series CK
- Birla Sunlife Mutual Fund Fixed Term Plan Series CK
- Open date of Fixed Term Plan Series CK NFO issue : 30 December 2010
- Close date of Fixed Term Plan Series CK NFO issue : 6 January 2011
Birla Sunlife Mutual Fund Fixed Term Plan Series CK – maturity period of this FMP
The maturity period of Fixed Term Plan Series CK is 368 days. This means that the FMP will qualify for single indexation tax benefits
The final review- Birla Sunlife Fixed Term Plan Series CK
While Fixed Term Plan Series CK qualifies for single year indexation benefits for taxes, some may like to wait for other FMPs to be launched particularly at the end of the calendar year, that may allow for double indexation tax benefits
Application form for Birla Sunlife Fixed Term Series CK
ICICI Prudential Fixed Maturity Plan (FMP) Series 53 – 18 Months Plan A
December 23, 2010 by Ganesh
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
Maturity period for ICICI Prudential FMP Series 53 – 18 Months Plan A
As the name indicates,this fixed maturity plan has a maturity period of 550 days. Essentially, you can consider investing in this FMP if you have liquid cash that you do not need for 550 days
Investment profile for ICICI Pru FMP Series 53 – 18 Months Plan A
The prospectus does say that this FMP will invest in fixed income securities and debt instruments that mature on or before the maturity of the FMP. There is no fixed minimum percentage of investment in State or Central Government securities. However, since the FMP invests in unsecured securities, there is no guarantee of absolute returns
Entry and exit load for ICICI Pru FMP Series 53- 18 Months Plan A
Since this is a Fixed maturity plan or a close ended fund that will be listed in the market, there will be no entry or exit load for this scheme.
Double indexation benefit for ICICI Pru FMP Series 53- 18 Month Plan
This FMP scheme will enjoy double indexation benefits since the scheme spans across two financial years. This implies favorable tax treatment compared to a FD with a equivalent return. Please read FMPs vs FDs for a comparison for relative tax benefits
Open and close dates for ICICI Pru FMP Series 53
The open and close dates for ICICI Pru fixed maturity plan are 16 December and 23 December
Axis Mutual Fund FMP- Fixed Term Plan Series 2 (371 days)
March 20, 2010 by suresh
Axis Mutual Fund launches a new FMP- Fixed Term Plan Series 2
 | Axis Mutual Fund Fixed Term Plan Series 2 (371 days) |
Axis Mutual Fund Fixed Term Plan Series 2- FMP Open and close dates
Open and close dates for Axis Mutual Fund FMP-Fixed Term Plan Series 2
- Open date for Axis Mutual Fund FMP Fixed Term Series 2- 10 March 2010
- Close date for Axis Mutual Fund FMP Fixed Term Series 2- 18 March 2010
Axis Mutual Fund Fixed Term Series 2 FMP Duration
Axis Mutual Fund Fixed Term Series 2 FMP has a maturity of 371 days
Should you invest in Axis Mutual Fund Fixed Term Series 2 FMP (Fixed Maturity Plan)?
Since Axis Mutual Fund Fixed Term Series 2 FMP will list in the last week of March, it will have double indexation benefits and the tax advantages work in the favour of this FMP.
- Retail Investment FMP Option- Minimum investment Rs 10000
- High Investment FMP Option- Minimum investment Rs 25,00,000
- Super high Investment FMP Option- Minimum investment Rs 1,00,000,000
Entry, exit loads for Tata Fixed Maturity Plan Series 25
There are no entry and exit loads for Tata Fixed Maturity Plan Series 25- The FMP will be listed and tradeable on the exchange