FMP
Tata Fixed Maturity Plan Series 25 – Scheme C – Retail Investment Plan
Tata Fixed Maturity Plan Series 25 – Scheme C- new FMP new fund offer from Tata Mutual Fund
 | Tata Mutual Fund launches a new Fixed Maturity Plan- Series 25 Scheme C, to cater to retail and institutional investors |
Tata Fixed Maturity Plan Series 25- FMP Open and close dates
Open and close dates for Tata Fixed Maturity Plan Series 25
- Open date for Tata MF Fixed Maturity Plan Series 25- 21 October 2009
- Close date for Tata MF Fixed Maturity Plan Series 25 – 4 December 2009
Tata Mutual Fund Fixed Maturity Plan Series 25 FMP – Schemes
Tata Fixed Maturity Plan Series 25 FMP is offered in the following schemes
- 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
ICICI Prudential Fixed Maturity Plan Series 49 – 3 Years Plan B
October 30, 2009 by admin · Leave a Comment
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
Fortis India Mutual Fund Investments launched new FMP- Fixed Term Fund – Series 16 B
October 30, 2009 by admin · Leave a Comment
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
Franklin Templeton India FMP- Fixed Tenure Fund – Series XII Plan B (3 Year)
October 12, 2009 by Ganesh · Leave a Comment
Franklin 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
Fixed Maturity Plans (FMPs) out of favor with institutional investors?
Fixed maturity plans ( FMP mutual funds ) losing popularity with institutional investors in India
Fixed maturity plans , popularly known asFMP mutual funds, seem to be currently out of favor with institutional investors. The number of new FMP mutual funds launched in India has been dwindling since we had the scare with the perceived liquidity crisis in the mutual fund industry in India.
In fact,a check of new IPO open issues in India, suggests that almost no new FMP mutual fund IPOs (Fixed Maturity Plan IPOs) have been launched this month
The new SEBI regulations on fixed maturity plans could have had an impact on the launch of new FMP IPO s in India
The strict regulations that SEBI introduced for new FMP mutual fund IPO launches may have had an impact on the launch of new fixed maturity plans. One of the requirements from SEBI was to have to have compulsory listing of FMP mutual funds in India, and some mutual funds may be in the process of getting their infrastructure in place in order to comply with SEBI norms
In summary, fewer FMP mutual funds (fixed maturity plans) are being launched by Indian mutual funds, but it is not clear whether this is due to the newer SEBI FMP regulations or a temporary blip in confidence in fixed maturity plans
SEBI ’s Fixed Maturity Plan (FMP) regulations controversial?
December 17, 2008 by admin · Leave a Comment
Is SEBI ’s solution to the Fixed Maturity Plan problems against the interests of investors?
Sebi has recently announced a slew of regulatory measures to resolve the Fixed Maturity Plan induced Mutual Fund liquidity problem.
Given the run on FMPs and the resulting liquidity pressures on the Mutual Fund industry due to Fixed Maturity Plan scheme withdrawls, SEBI first offered a line of credit to the mutual fund industry
SEBI has also banned early withdrawls in new fixed maturity plans (FMPs). Now, investors in Fixed Maturity Plans cannot withdraw and liquidate their fixed maturity plan funds. So, even if investors want to get out of new FMPs at the cost of the high exit penalties, SEBI has ensured that the investors have almost no option but to wait till the fixed maturity plans finally mature, rather than getting an early redemption
Arguably, SEBI ’s new regulation regarding Fixed Maturity Plan schemes will prevent FMP schemes and MFs from suffering from similar liquidity problems again and going bust, but SEBI has probably delivered a solution that principally benefits Mutual Funds – even those mutual funds with badly managed FMP schemes
SEBI has offered compulsory trading of fixed maturity plans in the stock exchanges as a sop to investors
Given that most of SEBI ’s solutions to the liquidity problems of mutual funds seem to be focused on safeguarding the mutual fund industry rather than the investors, SEBI has introduced one small sop to investors in close-ended instruments such as fixed maturity plans
SEBI ’s sop relates to compulsory trading of close-ended fund securities such as FMPs (fixed maturity plans) on the BSE,NSE stock exchanges. However, FMP investors may find that though the Fixed Maturity Plan schemes can be potentially liquidated in the stock market, these FMP schemes may end up be illiquid and not traded much in the markets
SEBI should realize that if a mutual fund does mismanage its FMP (fixed maturity plan) portfolio, investors in the FMP fund may not find many suckers who are willing to take the bad FMP debt paper from their hands at a reasonable price
In summary, SEBI seems to have made decisions regarding FMPs that are heavily loaded in favor of Mutual funds at the expense of investors
SEBI ’s recent guidelines are great news for Mutual funds , but has SEBI done a good job of their primary role- safeguarding the interests of investors?
Close-ended funds such as FMPs to be listed on exchanges today
December 12, 2008 by Ganesh · Leave a Comment
Close-Ended Funds SEBI order: Fixed Maturity Plans ( FMPs ) and other close-ended funds have to be listed in BSE/NSE
Mutual 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 Series 48 – 3 year Plan B Fixed Maturity Plan
November 28, 2008 by Ganesh · 2 Comments
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
Kotak Fixed Maturity Plan – 12M Series 10 – Institutional Plan
October 31, 2008 by suresh · Leave a Comment
Kotak Fixed Maturity Plan – 12M Series 10 – Institutional Plan
Kotak Fixed Maturity Plan – 12M Series 10 – Institutional Plan is a FMP scheme launched by Kotak Mutual Fund,open only to institutional investors
Details of the Kotak Fixed Maturity Plan – 12M Series 10 – Institutional Plan
Open and close dates for the 12 M Series 10
Kotak FMP
Issue Open date 14-Oct-2008 Issue Close date 03-Nov-2008
Kotak Fixed Maturity Plan – 12M Series 10 – Institutional Plan -Mutual Fund Family
Kotak Mahindra Asset Mgmt Co. Ltd.
Kotak Fixed Maturity Plan – 12M Series 10 – Institutional Plan Investment plan
This FMP is available in the dividend and growth option
Entry and Exit loads for Kotak Fixed Maturity Plan – 12M Series 10 – Institutional Plan
There is no Entry Load.The Exit Load of 1.50 % is applicable only the Kotak FMP is redeemed prior to maturity
Kotak Mutual Fund 12M series 10 Retail Participants Plan (RP)
October 25, 2008 by Ganesh · Leave a Comment
Retail Participants plan for Kotak Fixed Maturity Plan – 12M Series 10 RP
For retail participants,Kotak MF has introduced a NFO (new fund offer) for FMP 12M series 10
Issue open dates for Kotak Fixed Maturity Plan 12M Series 10 RP
This Kotak MF FMP is open from 14 October 2008 and 3 November 2008.
Retail participant Kotak 12 Month series 10 FMP (RP) is open as a NF0 until 03-Nov-2008
The closing date for the Kotak 12 Month FMP is 03-Nov-2008
Dividend and growth options for Kotak Fixed Maturity Plan – 12M Series 10 -Retail Participant (RP) Plan
The Kotak FMP 12 M Series 10 has both growth and dividend variants available
0% entry load and 1.5% exit load for Kotak 12M Series 10 FMP RP
There is no Entry Load for Kotak MF FMP 12 M series 10 NFO. There is also no exit load- however, if you redeem the MF before the maturity date, an exit load of 1.5% is applicable