In the current uncertain interest rate scenario, investment advisors are suggesting fixed-maturity plans (FMPs) to investors looking at debt funds. The pitch: Interest rates may go up from here so lock in your investment.
Also, if an investor puts in money in March 2018 and the FMP matures after 37 months, the individual will get indexation benefit for four financial years. While FMPs do make sense in the current interest rate environment, they suit investors who don’t want volatility in their investments and don’t mind locking in their funds for slightly over three ...
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First Published: Mon, March 12 2018. 23:40 IST
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