FMP
ICICI Prudential Series 48 – 3 year Plan B Fixed Maturity Plan
November 28, 2008 by Ganesh
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ICICI Prudential S48 3 Year FMP Plan B IP (G),IP (D), RP (G). RP (D) from ICICI Prudential Mutual Fund
A new FMP, ICICI Prudential S48 3 Year Plan B FMP has been launched by ICICI Prudential mutual fund
ICICI Prudential S48 3 Year Fixed Maturity Plan Plan B variants
ICICI Pru Series 48 3 Year Plan B comes in 4 variants
- ICICI S48 3 Yr RP(g)- the growth option of the fixed maturity plan for retail participants
- ICICI Pru S48 3 Yr RP(d)- the dividend option of the fixed maturity plan for retail participants
- ICICI Pru S48 3 Yr IP(d)- the dividend option of the fixed maturity plan for institutional participants
- ICICI Pru S48 3 Yr IP(g)- the growth option of the fixed maturity plan for institutional participants
ICICI Pru S48 3 Yr Plan B FMP Maturity Period
This fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 3 years
ICICI Pru S48 Plan B 3 Year Fixed Maturity Plan- Opening and closing dates
ICICI Pru S48 Plan B FMP has a opening date of 03/11/2008 and a closing date of 5/12/2008
Should you invest in ICICI Pru S48 Plan B
Points In favour of investing in ICICI Pru S48 Plan B Fixed Maturity Plan
- Given that interest rates are expected to fall, its a good time to lock in to the high expected 3 year returns of ICICI Pru S48
- ICICI Prudential MF is a respectable fund house and one would expect that they would be careful in investing the Fixed Maturity Plan assets in good quality debt assets
- Some investors are wary of FMP plans and mutual fund schemes in general, given the global financial environment and the recent bad press that FMPs have received.So, locking in your investments on a 3 year FMP is not advised by these investors who prefer dealing in short term FMPs
- The exit load for withdrawing money from the ICICI Pru S48 Plan B Fixed Maturity Plan is quite steep at 3%. Investors who may face liquidity problems in the next 3 years and may need to withdraw from this FMP before the maturity date should avoid this ICICI Pru S48 3 year FMP
Points against investing in ICICI Pru S48 Plan B Fixed Maturity Plan
i had purchased two plans for my son one for Rs20,000 and one for Rs30,000- no body from icici reminds me the due date of next premium but they are continuously harassing me to purchase more and more. this is tricky
You have probably ought a ULIP. Since agents get more commission for the first 3 years of a ULIP, they prefer that you open new ULIPs every 3 years