FMP
Tata Fixed Maturity Plan Series 25 – Scheme C – Retail Investment Plan
October 30, 2009 by admin
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
TATA FMP’s should be avoided. They take 30 days to complete allotment after issue closure date. Till then, the money earns very low interest. On an investment of 2.5 lacs, they paid interest of only 700RS for 30 days, which is pathetically low. Also, the duration of the fmp starts after allotment, so in my case, an 18 month FMP actually worked out to a 19 month FMP after issue closure date.
This is totally contrary to the industry norm. All other fund houses complete the allotment in 1-3 days, while these idiots take 30 days. Will never invest with them again.