Franklin Templeton Fixed Tenure Fund – Series XIII – Plan A

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

ICICI Prudential New India FMP-Fixed Maturity Plan Series 49 – 1 Year Plan C

ICICI Prudential MF has launched a new FMP NFO in India-Fixed Maturity Plan Series 49 – 1 Year Plan C

Fixed Maturity Plan Series 49 – 1 Year Plan C is another FMP NFO as ICICI Prudential Mutual Fund joins the FMP bandwagon, by reviving its FMP NFO launches

Fixed Maturity Plan Series 49 – 1 Year Plan C from ICICI Prudential Mutual Fund- Start and end dates of the NFO

Start date of Fixed Maturity Plan Series 49 – 1 Year Plan C – 12 Oct 2009

End date of Fixed Maturity Plan Series 49 – 1 Year Plan C – 22 Oct 2009

Maturity of ICICI Prudential Mutual Fund FMP-Fixed Maturity Plan Series 49 Plan C

Fixed Maturity Plan Series 49 Plan C has a maturity of 1 year

Options for ICICI Prudential MF FMP-Fixed Maturity Plan Series 49 Plan C

ICICI Prudential FMP NFO-Fixed Maturity Plan Series 49 Plan C has 3 options

• Retail plan for Fixed Maturity Plan Series 49 Plan C- Minimum Rs 5000
• Institutional Plan I-Minimum 10 Lakh
• Institutional Plan- Minimum 25 Lakh

No entry, exit loads for ICICI FMP Fixed Maturity Plan Series 49 Plan C

Keeping with SEBI rules, there are no entry and exit loads for this ICICI Prudential MF FMP-Fixed Maturity Plan Series 49 Plan C. The FMP will be listed on the stock exchange

Close-ended funds such as FMPs to be listed on exchanges today

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