Sundaram Fixed Term Plan AJ-FMP NFO review

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